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Worse: a lottery for the rich. Validators are required to stake at least 32 ETH (~$52k USD) to participate.
by duskwuff 4y ago
Worse: a lottery for the rich. Validators are required to stake at least 32 ETH (~$52k USD) to participate.
- AgentME 4y agoThere are validator pools that let people stake smaller values.
- tsujp 4y agoThis is categorically incorrect. You can have any amount of ETH (up to 32 because there's no value in going higher) and be a validator participant if you partake in a pool.
- duskwuff 4y agoAs I understand it, staking ETH in a pool doesn't mean you get to act as a validator in any capacity. That's handled by whoever is running the pool.
- samatman 4y agoSure, but that doesn't make the difference between getting a lottery ticket and not getting one. If you have 1 ETH in the pool when the validator hits, you get the corresponding fraction of the award, minus the pool fee.
- rakoo 4y agoAnd more money at stake gives you more participation. It's not just a lottery for the rich, it's Capitalism unmasked
- gambiting 4y agoI mean......isn't that any lottery? People who buy 100k lotto tickets have an undeniably higher chance of winning than people who bought a single ticket. Here it's the same - the higher your stake the higher the chances. But you don't need to stake all 32 eth to participate.