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by jude-
1862 days ago
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> "I want to buy coins but the existing hodlers are all colluding to not let me" This isn't the problem. The problem is, "I want to buy enough coins to stake without being diluted but existing hodlers are all colluding to not let me by charging me a price equal to the total expected returns the staked coins would produce" The emphasized parts are where PoS has trouble. The market forces governing PoS incentivize hodlers rich enough to stake to never allow more stakers to arise -- the act of selling ETH is now also the act of giving up future revenue from keeping it and staking it. |
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