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Gabriel ๐ŸŽฉ pfp
Gabriel ๐ŸŽฉ
@0xgabriel.eth
Is Ethereum's new problem that too much ETH will be staked? I don't appreciate the implications. Anyone willing to clarify? We currently have 25% of ETH staked.
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Caster Cat #648 ๐ŸŽฉ๐Ÿงพ pfp
Caster Cat #648 ๐ŸŽฉ๐Ÿงพ
@ariansh.eth
Centralization risk around entities who control that stake A homogenous makeup of stakehoders in the ecosystem (everyone is staked vs some are staked and some are vanilla eth holders) If something were to go wrong with a large staking entity they would demand a bailout and this would get very messy
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Ben | 0443.eth pfp
Ben | 0443.eth
@nvben
Good news: ETH is divisible down to 18 decimal places. So as more gets locked up and the price increases, we can just use really, really tiny bits of ETH to transact with. ๐Ÿ˜€
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hikaru pfp
hikaru
@hikaru
Assume that almost all eth is staked, this would effectively result in a fixed cap monetary model, similar to bitcoin currently. This means that security would be dependent on protocol revenue, which introduces many risks.
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