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by godelski
1370 days ago
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From a POS point of view it is easier to get people to leave custodial wallets (the biggest holders you see here, like coinbase). BUT people don't for a lot of pretty valid reasons. First is that you won't be staking on ETH2 if you don't have 32 tokens (roughly $50k). (I see this as a pretty centralizing barrier and similar to why people joined mining pools instead of being on their own) The second is that people invest in many coins, so it makes sense to keep everything in a singular location than 20 different wallets. So, convenience. I honestly have yet to see a system that provides a strong decentralizing force. To be fair, I think this is a really difficult task that people don't really give it it's credit. I mean there's resource momentum and resources make it easier to obtain more resources. The problem with that is that it seem to be outside the control of any cryptocurrency and this makes the issue infinitely more difficult. |
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