Wow. I’m not going to take the time to reply to most of that but your most glaring bit of misinformation: that staking requires locking
Look up zero lock staking or liquid staking. You’re pretending that staking requires the inability to spend your tokens but this is demonstrably false when you look at existing implementations of PoS that don’t require it: Cardano and Polkadot are two off the top of my head that offer zero lock staking.
I googled “zero lock staking” and I’m not finding anything that contradicts what I said. There are systems that allow for delegated staking, where you hold transferable tokens that represent a share in a staking pool - rETH, for example. But there’s still locked stake in that case. And this Quora response lists various proof-of-stake systems where you can unstake immediately, including Cardano and Polkadot, but those don’t give you rewards while your tokens aren’t staked - the token still needs to be locked during the staking itself.
I asked for clarification on what you found “damning” about the transition to proof of stake, I don’t see how asking for clarification is “misinformation.”
I presented a source for Ethereum’s centralization trends. Got any of your own?
Wow, you went from zero to furious at the drop of a hat. And I’m not a “bagholder”, as I’ve said in other comments, I’m just interested in the tech.
I haven’t argued any of these facts. “How TF else should they do it?!” could be my line here, except that I’m trying to remain civil so I wouldn’t have worded it that way. This ultimately comes from your statement:
Another damning aspect of their staking tech is that, in order to stake to a pool, you need to lock your tokens away, making them impossible to spend for a specified time period.
Which I still don’t see as “damning” because - as you just said - how else would they do it? Cardano and Polkadot do it the same way, they’ve just changed the value of what that “specified time period” is.
I specifically mentioned Rocket Pool’s rETH as an example of delegated staking that would let you sell your staked tokens more quickly, that’s on Ethereum so if the exit queue is too long for you there you can try that instead.
And I’m not particularly pleased to be accused of lying when I’m willing to cite sources and the guy I’m debating with refuses to even address my responses. But you don’t see me YELLING IN ALL CAPS about it.
Wow. I’m not going to take the time to reply to most of that but your most glaring bit of misinformation: that staking requires locking
Look up zero lock staking or liquid staking. You’re pretending that staking requires the inability to spend your tokens but this is demonstrably false when you look at existing implementations of PoS that don’t require it: Cardano and Polkadot are two off the top of my head that offer zero lock staking.
I googled “zero lock staking” and I’m not finding anything that contradicts what I said. There are systems that allow for delegated staking, where you hold transferable tokens that represent a share in a staking pool - rETH, for example. But there’s still locked stake in that case. And this Quora response lists various proof-of-stake systems where you can unstake immediately, including Cardano and Polkadot, but those don’t give you rewards while your tokens aren’t staked - the token still needs to be locked during the staking itself.
I asked for clarification on what you found “damning” about the transition to proof of stake, I don’t see how asking for clarification is “misinformation.”
I presented a source for Ethereum’s centralization trends. Got any of your own?
of course you don’t get rewards if you spend your staked tokens. How TF else should they do it?!
It is not locked in chains like Polkadot and Cardano. You can, quite literally, stake your coins then two seconds later spend them. They aren’t locked from being spent. That is called ZERO LOCK or LIQUID STAKING. THERE IS NO LOCK PERIOD LIKE THEY HAVE IN ETH.
At this point, I am done arguing about literal facts with an ETH bagholder.
Wow, you went from zero to furious at the drop of a hat. And I’m not a “bagholder”, as I’ve said in other comments, I’m just interested in the tech.
I haven’t argued any of these facts. “How TF else should they do it?!” could be my line here, except that I’m trying to remain civil so I wouldn’t have worded it that way. This ultimately comes from your statement:
Which I still don’t see as “damning” because - as you just said - how else would they do it? Cardano and Polkadot do it the same way, they’ve just changed the value of what that “specified time period” is.
I specifically mentioned Rocket Pool’s rETH as an example of delegated staking that would let you sell your staked tokens more quickly, that’s on Ethereum so if the exit queue is too long for you there you can try that instead.
I am not furious. I just don’t like it when people lie and act like they’re not lying.
And I’m not particularly pleased to be accused of lying when I’m willing to cite sources and the guy I’m debating with refuses to even address my responses. But you don’t see me YELLING IN ALL CAPS about it.
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