> The only way validators who have staked eth make any earnings is if they perform their validator duties. If they don't do the work, they get penalized. If the

> The only way validators who have staked eth make any earnings is if they perform their validator duties. If they don't do the work, they get penalized. If they abuse or attack the network, they get slashed. Since a validator's earnings come from their own work, the whole 'To be derived from the efforts of others' prong completely fails. Validating by running your own node is a-ok. Sending your tokens to Coinbase, a registered public company, who is pinky-promising you they will give you 8% returns every year, without registering this product with SEC, is not a-ok. How is that hard to understand?