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.