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Just so you know, plenty of people locked their ETH when it was well below $100. And for those that are joining now, but worry that the investment would be too

Just so you know, plenty of people locked their ETH when it was well below $100. And for those that are joining now, but worry that the investment would be too big, consider the possibility of pooling resources with other people and stake using your own node. This is one the things that I would like to do next with Hub20, to help instance operators to pool together resources with their friends and to manage their validators... > so is there some mathematical guarantee that means there's any value in adopting ETH immediately? Guarantee? No, of course not.

meltyness 4y ago
What you seem to be suggesting is that, there's some collective with an immutable interest in maintaining ETH-stability, ETH-usefulness?
- rglullis 4y ago
  1) Not specific to Ethereum, but to its goals. For me, turning a profit is secondary to the goal of having a permissionless and censorship-resistant way for cross-border payments. At the moment, I believe that Ethereum (as an ecosystem) is the closest to make that a reality because it has the largest developer mindshare and the Foundation seems to be the only one playing the long game. 2) I am not speaking as a "collective". I am speaking for myself, and I believe that there are others like me.
  - meltyness 4y ago
    I did some digging and the principles are elucidated by vitalik on his blog.[0] The principles are based on the fact that proof of work is antisocial, impractical or unrealistic. The 6 times this was discussed last year[1] in the ethereum devs meeting on zoom might also be of-interest. [0]: https://vitalik.ca/general/2016/12/29/pos_design.html https://vitalik.ca/general/2016/12/29/pos_design.html [1]: https://github.com/ethereum/pm/issues/361 https://github.com/ethereum/pm/issues/361