Re:Ethereum will use around 99.95% less energy post merge
by eruleman on Tuesday May 18, 2021 @10:48PM
(#27203972)
How is selling ETH different from selling a stock that has dividends?
Re:Ethereum will use around 99.95% less energy post merge
by jude- on Tuesday May 18, 2021 @11:05PM
(#27204073)
Two ways:
* The "stock" (token) is constantly spitting
* The "stock" grants the bearer both a continuous dividend as well as a vote on deciding what "work" (transactions) the "company" (chain) takes on.
Is there a real-world stock with these properties?
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.