Lido is a systemic risk to ETH

https://podcasters.spotify.com/pod/dashboard/analytics

Several media outlets have reported that I am the Chief Decentralization Officer of Ethereum

// Who am I to argue?


Which EIP do you support to enshrine liquid staking?

Can you state some of them? Quick search didn't lead to anything

20. hacking @ https://www.spire.dev/ 
previously intern Nethermind, epns.io

That was kind of the point. If limiting single actor stake is that critical, there should be an enshrined solution. If it is a systemic risk, the system should defend itself. It’s silly to ask a business to not make money.

An interesting question we laugh at Gary for. What is sufficiently decentralized? If Lido does permissionless validators & DVT, is that good? What is the balance of 30 permissioned, XX permissionless solos, XX squads that is safe and doesn’t chill innovation from builders worried about being shut down for success.

I'm looking forward to uber ultrasound money when we soft fork out the lido attackers

Haha. Prob my biggest nit, thing move so fast, you have a great coming but the post is 5 s old so you’ll look like a creeper answering now. 

Might like this.

Haha. Prob my biggest nit, thing move so fast, you have a great coming but the post is 5 s old so you’ll look like a creeper answering now. 

Might like this. 

https://x.com/mikeneuder/status/1701224774884643167?s=20

(sorry for late response, great discussion in the thread!)

i agree. soft consensus should not be the way to go. the protocol should have mechanisms to prevent this but i am not sure this is even technically possible?