Quote from: philipma1957 on June 29, 2022, 11:50:34 PM

Quote from: bitquad on June 29, 2022, 08:29:51 PM

Quote from: sp_ on June 27, 2022, 04:23:31 AM

Quote from: bitquad on June 26, 2022, 10:06:32 PM

I mentioned this before, with Bitcoin POW a small percentage of Bitcoin holders are securing the network. Most people have Bitcoin in a wallet and that's it. They are not participating in the network. So your example of 10-12% of ETH securing the network is no different that the current situation with POW Bitcoin or POW Ethereum. There are over 300,000 validators.

But who is securing the price?
What if If 88% of the coin holders sell Ethereum 2.0 and buy Ethereum POW.

What if 88% sell Bitcoin or Cardano? You're just grabbing at hypotheticals, and have a clear anti-Ethereum agenda. Keep things positive and try to avoid negative talk. Remember people are invested in this. You enjoy seeing people get hurt financially?!

He is anti pos
you are not anti pos

everyone should be anti pos in the case of eth

pos is the same as a bond issued

or as a stock with dividends. with a single exception it is not subject to regular like companies that issue bonds or dividend paying stocks.

Fact 12% of eth is staked
fact ⅓ of that is by a single company
fact mr v himself said he does not like that.

⅓ of the staked coins is about 4% of 121million coins.

that is 4.8 say 5 million coins at 1100 or 5.5 billion in one group's hands.

what was the pre-mine of eth was it 5 million coins? no it was about 72 million coins (google it) see below

"When Ethereum launched, 12 million ETH were created for the developers, and 60 million ETH were premined for ICO participants to buy. Consider there are 102 million ETH in circulation today, that means 71% of the existing supply was premined during Ethereum’s launch."

So if the info above is true a lot of premised coins are not staked. maybe 60-72 million are not staked hell only 15 million of the 121 million made are staked. So someone has a lot of hand here over the small staked amount.

POS is not a good thing for eth if my numbers are correct far too many hands are holding eth outside of the staking group.

So where are all those premised coins. POS of 15 mill could be crushed with ease if 30 million premiere coins that exist attack it.

ie no security for pos

mining can not be attacked that easliy .

For all we know someone holds 50 million eth in multiple wallets and will strike at the smaller pos stake as soon as eth goes pos.

What happens to Bitcoin once all BTC has been mined? Who will secure the network? Miners will have no incentive and no reason to "mine" because they won't have any BTC to mine. The mine will be empty. Will they be paid a fee to offset a huge electrical bill to process transactions for BTC. Who's going to pay the fees?

How will BTC security be post mining? These are all questions about the future of Bitcoin. Let's face it the long term outlook for Bitcoin has not been figured out. I don't see right now a game plan for Bitcoin post mining.

Regarding ETH staking, so what if 1/3 of ETH is staked by the ETH foundation? Why would they un-stake the majority of that ETH and crash and burn the project? That's like Elon Musk or Jeff Bezos selling all their shares, crashing the stock price and screwing their own companies.

There's a lot of people who are not miners that feel much more positive about the merge and Ethereum switching to POS. You guys are in the minority as miners. I am myself a miner but not so shortsighted and negative about POS.

Proof of Stake brings a much smaller carbon footprint which is positive politically and for institutions, especially with energy scarcity already starting whether it is manufactured or not.
POS will make Ethereum potentially deflationary.
POS will allow the addition of sharding to improve performance, transaction speed and scaling.

You can't attack 15 million coins of staked ETH with even 90 million un-staked ETH. You first have to stake the 90 million ETH. That's how the validators work. I am not sure you understand how it works. And if you attack the network you lose your ETH. Who's going to do that? George Soros?! lol!