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Obviously I need to have friends who already want to invest a significant amount into Eth, otherwise I'm just "that guy" shilling some scheme to their family an
by katkatkatkatket 4y ago
Obviously I need to have friends who already want to invest a significant amount into Eth, otherwise I'm just "that guy" shilling some scheme to their family and friends.
- googlryas 4y agoOf course. So what's the problem with that?
- katkatkatkatket 4y agoUnder what possible scenario do I have a few k$ spare, but not 10k$ spare, to invest in a speculative asset, and also have a large number of friends and family already in exactly the same position? The only one I can see would make me the "cryptobro", to use the currently-popular phrase. It's also quite ironic that you suggest the basis of Eth consensus be based on the strength of inter-personal trust. If that's how it works, then why bother with the complexities of Eth?
- googlryas 4y agoI'm not saying the basis of ETH consensus is based on inter-personal trust. The conversation started by a complaint of 32 ETH required to run a validator being out of reach of normal people, so I provided multiple other options for how a normal person can take part in this.
- katkatkatkatket 4y agoYou gave one suggestion, which was based on inter-personal trust. This removes a major benefit of taking part in the Ethereum ecosystem. If it became a widespread way for people to take part in Ethereum's staking mechanism then yes, Ethereum's consensus would effectively be based on interpersonal trust (which is something that the developers have gone to great pains to avoid).
- googlryas 4y agoI gave two suggestions - join a pool, and run a pool.
- katkatkatkatket 4y agoBoth of which (essentially the same thing - "be in a pool") require trust, which destroys a key advantage of Ethereum (and cryptocurrencies in general).