chrismmay

Bitcoin has no leader.

I'm looking forward to more Headlines focused on entrepreneurs' race, age, weight or other distinguishing physical characteristics. /s

That's not necessarily true. Some people mine with 100% solar power and their ongoing expenses are almost zero.

Indeed. In my experience the legal system is highly biased and corrupt.

If I have enough, I will run a validator. If not I will probably do some defi like lido + curve + yearn. I may also mine something else like flux or raven.

I have 30 GTX 1070 GPUs.

I agree with you of course, but those are not “ETH PoS” staking, strictly speaking. They are just layers on top. You definitely make more running your own validators.

Decentralization is about not needing anyone’s permission to participate and being free from censorship. You don’t need good credit or even ID to open an account and no one can seize your funds because of debts, fines, or taxes. Of course validators have their slashing rules, but those are programmatic. Not some judge in divorce court, for example.

I personally have been mining ETH for years with equipment I bought for $20k in 2017 - 2018. I’ve made many times my investment back. That same equipment is still running profitably today.

I am not intimately familiar with the staking terms on Coinbase, but from what I recall, you should be able to withdraw your ETH at any time and receive it in at most a few days. If it has a lockup period, those terms would be very clearly stated, and you would eventually get your original investment back plus rewards according to the terms.

Not a great analogy imho. The ETH consensus change from PoW to PoS changes the way that blocks are signed and validated. No more PoW. Instead, now validators decide. It’s more like unanimous voting. If you try to sign a fake block, you lose some or all of your deposit.

This has no impact on anything really at all. It’s just re branding, hopefully to clarify things. ETH does not change with ETH2. It’s just a series of upgrades to eliminate wasteful proof-of-work mining and improve scalability.

In the US, probably around 10,000. US Banks all operate by virtue of a banking license issued at the state or federal level. Banks must do as they are told by these centralized authorities or else they lose their license.

The minimum amount required to stake is 32 ETH. That’s $75k at today’s price. There are cheaper was to “stake” but those are not really “ETH PoS” staking. So no, it does not “cost less to stake”.

There are over 200,000 ETH PoS validators running already. I think that’s pretty decentralized.