Concers over Ethereum's PoS Casper Roadmap

[Uao]

If I understood everything correctly, in order to become a validator will have to have X ether (stake).

The entry point will be set pretty high (Vlad Zamfir estimated a minimum of 100 validators required, dynamic number).

That implies big players (centralized financial institutions) could potentially control the entire process.

Normal users will pay fees to validators.

Validators might also gain from block rewards (undecided yet).

Could any bright mind shed some light into this? Thanks.

[CrazyCreeptonaut]

i am glad to keep with ETC and the POW :X

[2bfree]

I think the name Case is not a good one. It just sounds wrong to me very scary. I just don't like the name.

[Uao]

i am glad to keep with ETC and the POW :X

I'm actually interested in a big picture, not just ETH.

Wondering if there isn't a better way of doing things, besides PoW/PoS.

Algorithmic consensus distribution sounds good.

From Vitalik's 2014 post: https://blog.ethereum.org/2014/05/24/on-long-term-cryptocurrency-distribution-models/

What if there can be a consensus algorithm to distribute tokens over time, where that algorithm can reward arbitrary good work? For example, one might want to pay bounties to people who contribute to the ecosystem, or even to the world in general. The simplest approach here seems to be to randomly select a “parliament” – every N blocks, stakeholders can vote on 200 nodes that will make the decision of where the newly generated funds will go.

Whatever happened to that view?

[vibag840]

This concerns me also. I heard the numbers for minimum stake like 1000 ETH. So probably average users can participate only via staking pools.

[Uao]

This concerns me also. I heard the numbers for minimum stake like 1000 ETH. So probably average users can participate only via staking pools.

Exactly.