> average person with a smartphone could realistically generate several blocks a day,
I seem to recall the proposed staking minimum being around $200,000...
Eth's administrators must have a kink for kidnapping.
It's far from clear that "PoS" can result in a system which is both secure and decentralized: https://download.wpsoftware.net/bitcoin/pos.pdf ... the limited academic work attempting to demonstrate such things have done things like assume that users were using a lossless ordered reliable broadcast medium (which is equivalent to assuming they were communicating over a consensus system). While the history of ethereum has demonstrated that in spite of claims to the contrary in their investment prospectus strong decentralization isn't a feature of the system, there are still many practical challenges even achieving faux-decentralization with PoS. Practically speaking this challenge is demonstrated by the fact that ETH's operators have continually pushed back their promised migration to PoS. Moreover, as was recently demonstrated with "steem" PoS can also easily be abused to rig outcomes just like that above concern with mining.
So I think its far from clear that this is a temporary issue. Instead, to me it looks like PoS has turned into a never-arriving panacea being used to excuse all sorts of serious flaws in the ethereum ecosystem in addition to ethereum itself.
I seem to recall the proposed staking minimum being around $200,000...
Eth's administrators must have a kink for kidnapping.
It's far from clear that "PoS" can result in a system which is both secure and decentralized: https://download.wpsoftware.net/bitcoin/pos.pdf ... the limited academic work attempting to demonstrate such things have done things like assume that users were using a lossless ordered reliable broadcast medium (which is equivalent to assuming they were communicating over a consensus system). While the history of ethereum has demonstrated that in spite of claims to the contrary in their investment prospectus strong decentralization isn't a feature of the system, there are still many practical challenges even achieving faux-decentralization with PoS. Practically speaking this challenge is demonstrated by the fact that ETH's operators have continually pushed back their promised migration to PoS. Moreover, as was recently demonstrated with "steem" PoS can also easily be abused to rig outcomes just like that above concern with mining.
So I think its far from clear that this is a temporary issue. Instead, to me it looks like PoS has turned into a never-arriving panacea being used to excuse all sorts of serious flaws in the ethereum ecosystem in addition to ethereum itself.