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A comment on Coinbase Sued by SEC for Breaking US Securities Rules. Parent comment

Re:Coinbase Sued by SEC for Breaking US Securities Rules by px43 on Tuesday June 06, 2023 @11:55AM (#36214756)
> In a common enterprise - check (the staking pool)

I'd take issue with this one. Is the "common enterprise" here supposed to be Coinbase, or the Ethereum network itself?

The Ethereum network offers financial incentives for supporting the distributed infrastructure. In order to ensure good behavior, an amount of "stake" is required to keep people honest, such that dishonest people get their stake slashed. Coinbase provides a nice handy UX where Ethereum holders can stake their assets using validator nodes operated and maintained by Coinbase for a small cut of the staking rewards.

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Re:Coinbase Sued by SEC for Breaking US Securities Rules by ceejayoz on Tuesday June 06, 2023 @12:05PM (#36214872)
> Is the "common enterprise" here supposed to be Coinbase, or the Ethereum network itself?

Coinbase, and Coinbase's pool(s). As you cite, "using validator nodes operated and maintained by Coinbase". Coinbase and the staking users are engaged in a common enterprise for mutual profit.

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