Vitalik Buterin on Warpcast

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Vitalik Buterin pfp

Vitalik Buterin

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 ᵏ pfp

Mac Budkowski ᵏ

+1, it's easier to find a good Internet connection than lock in $80k

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misha 🪨 pfp

@mishaderidder.eth

agree, already solo staking validating Gnosis - if it would be 1 ETH would start solo staking Ethereum today

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Matthew pfp

Imagine the jump in validator count 😁

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Sophia Indrajaal pfp

Sophia Indrajaal

@sophia-indrajaal

Lowering the cost to stake would be massive. If Ethereum wants to be Web 3.0, making it more accessible to further decentralize and increase security has to be a priority.

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Icetoad 🎩 🍕 🎶 🐈 💚 pfp

Icetoad 🎩 🍕 🎶 🐈 💚

While we are in the subject of staking, when the Pectra update is done (I know it's sounding like it will be a 2 piece update), won't increasing the amount of ETH allowed per node lower the number of nodes out there? Doesn't that run counter to the (I assume) goal you have with this bandwidth/ETH tradeoff you are suggesting in this cast?

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ash pfp

this would be great for many users, especially those of us in emerging markets.

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Jason pfp

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Apex777 pfp

I like this. There is want from people to participate in staking who don't have 32 ETH, but might have 8 or 16 to spin up a node. look at the success of /rocketpool -- huge community of stakers under the 32ETH barrier.

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Otoro 🦉 🔵 pfp

Otoro 🦉 🔵

On the other hand, 32 ETH is real skin in the game.

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kripcat.eth 🎩 pfp

kripcat.eth 🎩

🙋‍♂️ I’d solo stake if the requirement was lowered. Unless you got involved in the space before 2021, acquiring 32 ETH is unachievable for the average person in the developed world, and ludicrous for almost everyone in the developing world.

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@baseddesigner.eth

the internet in Lisbon is super fast but 80k is enough to live for more than 2 years here lol I could look into it when minimum is at 1 ETH though

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ben pfp

I agree. While the 32 Eth is the most visible cost, there is also a cost to get a home system set up and configured. Everyone values their time differently so lowering the capital costs in ETH and increasing the technical requirements could net increase the amount of independent solo stakers

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aliX pfp

There is only this problem: people can put their money together but they cannot put their poor bandwidth together if the internet in their region is not good.

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Law❦︎ pfp

Hmmm How do you foresee scaling the bandwidth requirements without compromising network performance tho?

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Donh 🎩 Ⓜ️ pfp

Donh 🎩 Ⓜ️

this would be amazing, I like tiered down approach, 16 seems like a good number , eth is for everyone...

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Reeeny pfp

16 ETH is still out of reach for me, but two friends of mine would put our funds together to make this work.

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YungSB.eth 🔴✨ pfp

YungSB.eth 🔴✨

Thank you, this is very much needed 🙏🏾

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