amishmanish
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August 11, 2021, 05:18:27 AM |
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This just begs the question that while Vitalik and co. always knew that what they were promising (smart contracts) is only possible in a centralized system like this, why'd they galvanize the community with the promise of decentralization. Like, all of this community was shown a vision of a decentralized, permissionless compute-on-the-blockchain system.
Why POS makes the system centralized in your opinion? Because rich people will own majority of "shares/ stock/ equity" = voting power? When talking about centralization/ decentralization, i think it is always about who can control the chain. In PoS, all you need to control/ re-org the chain is stake. In PoW, even if you need a lot of resources for mining, you do not invest those resources into "stake", you invest it into hardware which provides you an income. It does not give you a "say" in the network. Isn't it even worse with POW, where rich people with resources can set mining farm in most profitable location all around the globe, negotiate lower hardware prices, negotiate lower energy price = can mine cheaper than others with less money?
My line of thinking is that having the ability to mine more coins does not make you have control over the chain. In PoS, there will always be a central party, a corporation, a foundation deciding on a variety of parameters to set which determine how the chain proceeds. Those decisions can easily be influenced by those who have the most money to invest into buying "shares". If you see what has happened with MEV (Bots essentially bribing miners for transaction bundles that sandwich other people's transactions), it seems to me that even PoW is not suitable for something like smart-contracts on-chain involving huge transactions. It is not a purely decentralized version that is sold to investors and people around the world. Its an esoteric world where bots are making 100s of ETH at the expense of users. Nobody talks about it and nobody cares. Imagine if a bank infrastructure provider was guzzling away millions of dollars in transaction fee, would it be considered trustworthy? I think the problem of MEV will only exaggerate with PoS. If you think its otherwise, then I'll be glad to discuss. You see, I have been looking for a good Pro-ETH user on the Altcoin section for sometime to discuss this stuff. Yet, there are mostly just farmers and spammers here. Good to have you. With POS you need 32 ETH and you can mine as efficient as a hodler with 100k ETH (profit from 1 ETH will be constant).
I agree that from the "fee distribution" point of view, this sounds better. Yet, how is this different from mining where you can have the same earning by directing your hashpower to a pool and getting the BTC depending on your portion of the hashrate??
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BIN-BIN (OP)
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August 11, 2021, 04:44:07 PM |
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As usual making the rich richer:)
You get the logic the minimum of 32 ethereum is one of the major obstacles standing in the way of smallholders of Bitcoin from staking with the first option, but again the second staking option allows a user to stake any amount but with conditions and a small percentage in reward.
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Rocky993
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August 11, 2021, 05:34:17 PM |
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Ethereum is the second most popular coin in the coin market at the moment. It is not possible to make a short time profit by investing in small investments here. Ethereum 2.0 is the biggest opportunity for big investors right now.
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ethereumhunter
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What I think in my head is this way is look like staking Dash which needs a big number of ethereum 32 ETH ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But congratulation to people who did stake ETH and earned passive income. But for common people, can not participate in the staking rewards. Having 32 ETH now means a lot and most people have less than 32 ETH. This is the way to make the rich still richer and add more money to their wallet. As usual, high risk can give high rewards. Research before you take part in that and knowing the risk will be important.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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amishmanish
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August 12, 2021, 04:06:59 AM |
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What I think in my head is this way is look like staking Dash which needs a big number of ethereum 32 ETH ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But congratulation to people who did stake ETH and earned passive income. But for common people, can not participate in the staking rewards. Having 32 ETH now means a lot and most people have less than 32 ETH. This is the way to make the rich still richer and add more money to their wallet. As usual, high risk can give high rewards. Research before you take part in that and knowing the risk will be important. This is again a great point to add to the question raised here about the difference between bitcoin and Ethereum. In Bitcoin, anybody can be a miner and earn a proportionate income depending on their initial investment. With this 32 ETH requirement, you can be sure that only the old and already rich will be able to take part in the network. 32 ETH is a lot of money if you weren't here since 2013-14. So, the PoS system just reinforces the "Rich get richer" mechanism despite crypto supposedly being a way out of this. I think Vitalik and Co.. knew this all along. The promise of decentralized finance on decentralized smart-contracts is turning out to be a false one to prop up a private corporation. It would be so much better to stick to PoW. Ethereum is working fine and already so much value has been deployed. L2 solutions are also on the way. Despite these developments. Switching to PoS is akin to corrupting your roots in order to have more business. This has been a reaction to other centralized chains and will only make Ethereum lose its one real USP over these other smart-contract platforms.
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ethereumhunter
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August 12, 2021, 04:58:28 AM |
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What I think in my head is this way is look like staking Dash which needs a big number of ethereum 32 ETH ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But congratulation to people who did stake ETH and earned passive income. But for common people, can not participate in the staking rewards. Having 32 ETH now means a lot and most people have less than 32 ETH. This is the way to make the rich still richer and add more money to their wallet. As usual, high risk can give high rewards. Research before you take part in that and knowing the risk will be important. If I had 32 ETH at this time, I would definitely think it would be big to staking there, even though the passive income provided is also quite large, but it's different from rich people who don't have to worry about losing their money. I will just keep 27 ETH in my wallet and use 5 ETH to trade than staking because the reward will need to wait until it can pay the fees. Besides that, I can make more ETH from trading, especially since the Ethereum market has become better than before. Even if the Ethereum market is not better, I will still try to make more Ethereum instead of waiting for the reward from staking. I can not accept the risk inside the staking as I do not hold the ethereum in my wallet.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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RussianEnglishTranslation
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August 12, 2021, 05:58:10 AM |
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The last few weeks have been so exciting in the entire crypto currency space, With ethereum achieving one of it major upgrade with the London hard fork which is the latest series of development which sees to the transition of the ethereum network from proof of work to proof of stake model Which includes, EIP-1559 change in the ethereum transaction fees market. Ethe2 gives token holders the ability to stake their ethereum in a wide range of ways and earn passive income through one of the options are. 1: ehtereum holders with at list 32 Ethereum can operate a validator node to verify transactions on the network. To help achieve this several options including staking pool, and centralized exchange staking has been adopted to aid Ether2 token holders access to earn income while they sleep. More info here: https://cointelegraph.com/news/altcoin-roundup-hodling-ethereum-here-s-how-and-where-to-stake-your-ethYou can stake ETH now on Lido and you don't need 32 ETH. They give you stETH so you can participate in DeFi with your ETH, it's not locked. I took a loan on my ETH and bought NEAR. I'm staking NEAR for almost 12% APY so I'm making more profit.
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ardydyon
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August 12, 2021, 03:37:27 PM |
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this is a good breakthrough for ethereum to provide passive income for those who want to invest into eth 2.0 with the presence of hardfork yesterday causing the price of eth to rise high and create a new ath.in the future eth 2.0 will be eagerly awaited new breakthroughs given to eth it seems that eth has begun to realize the existence of a signal of revival bnb to rival the success of eth during this time.I hope this eth 2.0 project will be successful I am interested to follow this eth staking pool.
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MSN02
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August 13, 2021, 06:03:57 AM |
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I personally love crypto because of your ability to earn a crazy amount of passive income. I personally eat most of my passive income on NEAR. NEAR gives me 11.2% liquidity staking and in mid august is starting metapool which allows you to earn 10% staking for NEAR tokens and the other tokens in the pool, it’s an amazing concept and I can’t wait for it. I also mint NFTs MINTBASE which only cost me 7 NEAR to start my store and the gas fees on there are basically non existent. It’s so easy to mint on MINTBASE, so it’s been another great place for me to earn passive income. There are also amas where you ask questions and if yours is selected for the ama you make money, you can also make price charts, memes and more ways to earn income as well. It’s a great place for a side hustle especially when your earning tokens that could eventually be worth a lot more than they are now.
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Anonylz
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August 13, 2021, 06:18:18 AM |
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As usual making the rich richer:)
It may be seems the concept of rich richer,but if we make some efforts and get into the validator. No matter what effort you make, you cannot change the minimum limit for validator. 32 ETH now is $96000. Even Americans I believe cannot easily find this amount of money,,, what more to say other people. In my country minimum wage is something like $250 max so if you never spend you can get $3000 a year. not even enough to buy 1 ETH:) This type of offer is for the selected few no doubt, not very many people can easily have 32 eth to run a node as a validator, that's quite high to begin with, and as for joining a pool, like someone already mentioned above there will be many fake ones out there, the risk of falling into the wrong ones is very high, from all indication this is not an easy way to earn passively, not in favor of the smaller guys, better to look out for other options with less risk.
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evichi
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August 13, 2021, 12:22:54 PM |
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The staking of Ethereum 2.0 (for passive income) looks complex. Since the aim is on supporting Ethereum 2.0 for the future, are there no simpler and affordable means of earning passive income using Ethereum 2.0? It appears this is for the big guys? Or can this be done in a pool? It is going to be challenging because there are other attractive upcoming packages especially as the requirement is on the high side.
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ARTEMIS ∞ https://artemiscoin.co (https://artemiscoin.co) ♦ SECURE PLATFORM FOR GLOBAL TRADE ♦
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sirminesalot
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August 13, 2021, 12:33:55 PM |
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I think i like the new additional solution to staking of ether. The pool of ether holders on centralized exchange will encourage lots of ether holder staking there coin. The lower entry requirements will help the holder, the ethereum network and security and safety of exchange itself. Proof of stake is definitely a way to go and we can expect ether to rise in value over the next couple of months!
Once ETH 2.0 officially launched they will change the whole system of earning the tokens, from mining to PoS which will make the coins is so much valuable. I wonder why the price is still low right now maybe people are still waiting for this launched before the price going to the moon
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bitcon
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August 15, 2021, 05:20:10 AM |
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As you said, you don’t necessarily need 32 ETH to become a validator. Apart from decentralised pools, we can become a validator via non-custodial validator (for example, p2p.org) or via custodial services (crypto exchanges). In terms of what exchanges offer such opportunity, I can name Kraken, Binance as the most popular. Personally I like decentralised pools more than others. They are optimal for people with small capitals and don’t make this system centralised.
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cryptoaddictchie
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August 15, 2021, 07:56:33 AM |
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Ethe2 gives token holders the ability to stake their ethereum in a wide range of ways and earn passive income through one of the options are.
This is cool but still a risky gamble. We all knew that once staking is up for eth2, it will be subjected yo heavily volatility. The part of passive invome is there, provided that eth value is steadily increasing. However do we find it survivable when the bear market kicks in and a heavy drop happened on the market once again? Staking is good but when its value decreases it also got affected.
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| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
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lumierre
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August 17, 2021, 03:07:05 PM |
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To earn on Ethereum 2.0. you don't even have to have 32 ETH. To become a validator you can: Launch your own node by staking 32 ETH; Join via non-custodial validators (for example, p2p.org); Join via custodial services (crypto exchanges-Kraken); decentralised pools. This way is the healthiest as it doesn’t make this system centralised and it is acceptable for small investors.
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CDEX-CROSS-CHAIN DECENTRALIZED EXCHANGE PLATFORM
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bamb
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August 17, 2021, 05:36:06 PM |
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Ethereum is likely going to be the first big cap altcoin that is energy efficient! This will attract big investment and demand for ethereum network! The passive income inclusion as a result of network upgrade from proof of work (pow) to proof of stake (pos) is another bullish signal for ethereum value in the future, there will be gradual price increase of ether in the coming days and months!
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zasad@
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August 17, 2021, 05:52:12 PM |
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If you have multiple Ethereum coins, you wouldn't want to use those coins for staking. A very small percentage, and if you use smart contracts, you will pay several hundred dollars in transaction fees, which will make your profit minimal. And it is dangerous to store on centralized exchanges, I have been trying not to do this lately.
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| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
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bitcoin-shark
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August 17, 2021, 07:11:46 PM |
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binance already offers this possibility to stake eth and obtain interest in eth 2.0 but this type of investment has a strong contraindication the eth invested can no longer be withdrawn until the actual arrival of eth 2.0, then also putting on an own node will require 32 eth a considerable amount but surely pools (official and not) will arrive to do this
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