Re:The Ethereum merge is done
by kybernetikos on Thursday September 15, 2022 @03:41AM
(#32848514)
> The only downside of course being that it essentially hard-codes the "1% of people make 99% of the money" principle.
This is only true if the only or best way to make money is through staking. This is unlikely to be the case - the ability to deposit your cash in a savings account or park it in government bonds doesn't stop people from investing in stocks. What it does instead is put a floor on acceptable rates of return from more risky options.
This is only true if the only or best way to make money is through staking. This is unlikely to be the case - the ability to deposit your cash in a savings account or park it in government bonds doesn't stop people from investing in stocks. What it does instead is put a floor on acceptable rates of return from more risky options.