Buterin responded to Wertheimer’s criticism by claiming that Bitcoin mining is not much different from PoS staking asmining “penalizes anyone who has a smaller percentage of hashpower than their percentage of the coin supply.”
And PoW penalizes anyone who has a smaller percentage of hashpower than their percentage of the coin supply ☺️Wertheimer was quick to remind Buterin that miners and holders are two different sets that don't necessarily overlap in the PoW ecosystem, while the same can’t be said for the PoS system. He explained further that with liquid staking, one could expect holders and stakers to overlap due to the flaw in the rewarding system.
people expect like 2-5% “yield”, if you count fees only they’d get 0.03% yield, so, umm, ask them if they think that’s cool i guessThus, the rest of the yield reward has to come from somewhere else, which many believe could come from printing more ETH, making the value of existing ETH lower and inflationary.
If ETH devs decide to print more ETH and give it to people 'staking', that is not yield but just token inflation at expense of holders.ETH is great already, no need to make sh*t up
🚀 Thnks a millon
🚀 Thnks a millon.
Woow ! 🔥 I wish I discovered this earlier...🔥🔥
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