Quote from: Abiky on November 15, 2019, 12:38:20 AM

Quote from: kingcolex on November 07, 2019, 01:03:46 AM

That's the entire point, they wanted nodes to have some skin in the game so they would actually pay for a vps or have some infrastructure to keep them online 24/7 if it's too low people will drop constantly. Just do a pooled staking if you can't make the 32 eth requirement.

Pooled staking is great for earning rewards from amounts lower than 32 ETH, but it's not enough for preserving the decentralization of the underlying Blockchain network. This would be the same as PoW where mining is concentrated in the hands of a few. Still, PoW's model has far greater decentralization than PoS itself. The problem here is not the amount of coins required for staking, but rather the price in terms of Fiat. At $180 per coin, you'd need to spend $5,760 in order to maintain/support the Ethereum blockchain for the foreseeable future. Imagine if prices per coin where $1,000 and above. The costs for securing Ethereum would've been enormous, greatly diminishing the decentralization of the Blockchain.

With Pooled Staking, only pool operators will be able to secure the ETH blockchain. This gives the power in the hands of a few, increasing the centralization of the network. Most people only care about the rewards rather than the long-term stability and censorship-resistance of a cryptocurrency. They're only in it for the money than anything else. Only a few are vigilant taking their efforts to protect decentralization at all costs.

Nonetheless, while 32 ETH looks like a hefty sum in terms of USD, it's still cheaper than running a DASH masternode. People have different Blockchains to choose from (like Ethereum Classic) in case they're not comfortable with Ethereum itself. In this world of diversity, there's a cryptocurrency for everyone. Just my thoughts Grin

I think we are going to see a lot of money going into crypto in the future, I mean A LOT and owning a part of a node could eventually be mainstream. The entry point of mining has always increased on Bitcoin in terms of fiat, were going to continue to see this across the board. Saying oh well it's going to cost more when eth is $1000 a pop, well the same goes for Bitcoin, if its at 50k a coin the fiat cost to enter mining will be more and more as more enter the mining scene to try and reap the rewards. If there is more demand and fear about centralization I am sure the market will handle it by more pool operators appearing offering shared stakes, and we will see a similar pie chart pool distribution that we see with POW coins but as pool nodes and solo nodes being the same as solo miners.