I don't know how PoS will work and neither do you.
You don't know how it will affect overall asset distribution.
You don't know how it will affect validator weight distribution.
Why?
You don't know how it will affect overall asset distribution.
You don't know how it will affect validator weight distribution.
Why?
- There are infinite possible implementations of PoS
- Initial coin distribution matters (a lot)
- Crypto systems are dynamic and emergent -- tech and behavior will evolve over time
- Staking has cost/risk your morons: CAPEX, OPEX, opportunity costs, tech risk, price risk
- Initial coin distribution matters (a lot)
- Crypto systems are dynamic and emergent -- tech and behavior will evolve over time
- Staking has cost/risk your morons: CAPEX, OPEX, opportunity costs, tech risk, price risk
- *E-V-E-R-Y-O-N-E* has a selling point (high and low)
- MOST IMPORTANTLY: crypto economies are not closed system!
I don't know how many times this last point needs to be repeated.
There other opportunities for earning a PoS crypto asset outside of its system.
- MOST IMPORTANTLY: crypto economies are not closed system!
I don't know how many times this last point needs to be repeated.
There other opportunities for earning a PoS crypto asset outside of its system.
These other opportunities could be safer or riskier than staking.
I could take my capital and invest it in a business or in any other market and then use the capital I earn to re-buy the staking asset. This could outperform staking overall or on a risk-adjusted basis.
I could take my capital and invest it in a business or in any other market and then use the capital I earn to re-buy the staking asset. This could outperform staking overall or on a risk-adjusted basis.
It could take decades for Ethereum or any other stake-based system to reach its potential.
Establishing a staking position and holding it means maintaining conviction for years or decades.
There is a reason that early stakers will and should be compensated for risk.
Establishing a staking position and holding it means maintaining conviction for years or decades.
There is a reason that early stakers will and should be compensated for risk.
If you think that those individuals who currently stake or are considering staking are not weighing other opportunities to increase their overall wealth, you are a moron.
If you simultaneously hold the belief that staking ETH would be riskless but that ETH is also a bad investment, you sir or madam, are a moron.
If you think that staking is riskless or a great way to accumulate an asset, then you should dump all of your capital into it. Stop holding BTC. Sell your kids. Liquidate your 401k. And buy stake. Because it's that easy right?
Are you buying stake yet?
No?
No?
Death by a million typos
