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Vitalik Buterin
@vitalik.eth
Cross-posting a thought on staking from the other app: ------ Perhaps we should recognize that 32 ETH is much more of a barrier for stakers than bandwidth reqs, and temporarily do a trade where we up the bandwidth reqs a bit and in exchange drop the staking deposit minimum to eg. 16 or 24 ETH. It's net-good for both staking accessibility and scale. Then once we figure out peerdas, bandwidth reqs go back down, and once we figure out orbit SSF, the deposit minimum can drop to 1 ETH.
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Mac Budkowski α΅
@macbudkowski
+1, it's easier to find a good Internet connection than lock in $80k
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Vitalik Buterin
@vitalik.eth
I do think the phenomenon of people who have $10m but are too lazy to figure out how to upgrade their internet is very real, and of course each one of them solo staking means up to $10m not in the hands of an institutional staker or LST, so I don't want to lean on the argument *too much*. But I think even despite this, on balance reducing min deposits is more important than reducing min performance reqs, and we haven't quite appreciated this.
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Icetoad π π© π
@icetoad.eth
Wait, you're serious? There's people with 10m of ETH and shitty internet?
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Mac Budkowski α΅
@macbudkowski
Interesting π€ And what do you think about the geographical stakers diversity on the cities vs. rural areas spectrum? I know diversity is important at the level of countries/continents, but I'm wondering if this smaller-scale spectrum matters, too. The reason I'm asking is that if someone lives in a big Western city, it's hard to have bad Internet because the baseline bandwidth is pretty high. But I imagine that living in the suburbs or closer to the forest could pose bigger problems with getting a good connection.
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Lefteris Karapetsas
@lefteris.eth
There is no way to upgrade your internet if there is nothing in your area. No matter how much money you have.
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Hoot π©
@owl
I feel like the problem is not just the ETH, hardware and uplink cost but people being concerned about the required infra ops. Most staking explainers make it sound like you need to monitor your setup 24/7 or you risk losing money. This scares "normal" people enough, they would never think about running their own node. They are like "oh so if I go on vacation I could lose all my staked ETH, yeah no thanks"
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oniichan
@oniichan
Doubtful people are that lazy with that amount of yield at stake if they aren't already using LSDs.
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