Yes, it is interesting, Ethereum has constant issuance which in combination with burn mechanisms will lead to an equillibrum. Also, when looking at PoS itself, it does make it easier for solo people to mine.
One bet that also exists is simply the following: besides the ideal case factor, realistic cases also exist. People die, and this means their belongigs get stolen / destroyed / pass on / get split up.
In a similar way, one could have analyzed the historical data of how Ethereum has been distributed, then draw conclusions based on that. Humans are not perfect.
Also to note is, in the case of BTC (not XMR (currently), which I prefer and consider superior, but possibly in some future), the problem also comes from the following: when it comes to hash power in comparison to held amounts of stake, it is easier for cartels to sustain high hash power, while it is harder to do this for solo miners.
Especially when considering state threats, mining is very obvious and makes you a target simply based on energy usage (at least if you are doing it for some decent profit, a small mining device won't help you).
When validating on ETH, your network traffic is more to blame, but unlike energy networks, internet traffic may be obfuscated, and at the same time, with very low energy usage miners, you can stake large amounts of ETH.
So for me it seems that it is probabilistic tradeoffs vs definite guarantees, and then whoever wins. Note that right now probably 16% as far as I've check ETH is staked. If it is to be assumed that the largest stakeholders are not staking right now, this helps the distribution.
This is one of the reasons while we'll also soon be adding LSD anonymity pools :]
tornado.ws /
npub12x…vqcwt
2023-06-29 21:44:40
in reply to nevent1q…s466
Author Public Key
npub12xft9csrmmveq60nve44nhjcvgn89nnherjrxjkcwrg9ehlp8pxsuvqcwtPublished at
2023-06-29 21:44:40Event JSON
{
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"pubkey": "5192b2e203ded99069f3666b59de58622672ce77c8e4334ad870d05cdfe1384d",
"created_at": 1688075080,
"kind": 1,
"tags": [
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[
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"content": "Yes, it is interesting, Ethereum has constant issuance which in combination with burn mechanisms will lead to an equillibrum. Also, when looking at PoS itself, it does make it easier for solo people to mine.\n\nOne bet that also exists is simply the following: besides the ideal case factor, realistic cases also exist. People die, and this means their belongigs get stolen / destroyed / pass on / get split up. \n\nIn a similar way, one could have analyzed the historical data of how Ethereum has been distributed, then draw conclusions based on that. Humans are not perfect.\n\nAlso to note is, in the case of BTC (not XMR (currently), which I prefer and consider superior, but possibly in some future), the problem also comes from the following: when it comes to hash power in comparison to held amounts of stake, it is easier for cartels to sustain high hash power, while it is harder to do this for solo miners.\n\nEspecially when considering state threats, mining is very obvious and makes you a target simply based on energy usage (at least if you are doing it for some decent profit, a small mining device won't help you). \n\nWhen validating on ETH, your network traffic is more to blame, but unlike energy networks, internet traffic may be obfuscated, and at the same time, with very low energy usage miners, you can stake large amounts of ETH.\n\nSo for me it seems that it is probabilistic tradeoffs vs definite guarantees, and then whoever wins. Note that right now probably 16% as far as I've check ETH is staked. If it is to be assumed that the largest stakeholders are not staking right now, this helps the distribution.\n\nThis is one of the reasons while we'll also soon be adding LSD anonymity pools :]\n\n",
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}