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Gabriel 🎩
@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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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. 😀
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Gabriel 🎩
@0xgabriel.eth
https://twitter.com/casparschwa/status/1760497430636761392?t=ID4ZW5HseYk06Xswy8atUw&s=19
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Ben | 0443.eth
@nvben
Cool thanks, that's a great read. I was being glib in my response, of course. I have to imagine that beyond what is being proposed there, solutions will arise to prevent a particular LST from growing to encompass all ETH liquidity.
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Gabriel 🎩
@0xgabriel.eth
I guess the concern is that ETH could lose utility if too much is staked?
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Ben | 0443.eth
@nvben
Well what I read there was if there's too much incentive and everyone stakes with the same place or same couple places, then suddenly you've centralized control and power with just a couple of huge staking providers. I don't think it loses utility because we'd just end up using staked eth in place of eth.
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Gabriel 🎩
@0xgabriel.eth
I see, more of a centralization concern. Well, lets watch the moon math play out in the interim. 🚀
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