Only for now, because the minimum is 32 ETH to solo stake. Even then, people can run Rocket Pool minipools with 8 ETH and eventually, it’ll go down even more. And if you still don’t have enough, you can just buy rETH so you get block rewards and MEV.

You can’t even mine with Bitcoin PoW and break even, unless you buy ASICs, and even then, the % ROI is way less than what you’d get with Ethereum PoS (~3.3% for everyone, regardless of how much they stake) In that sense, Ethereum is way more equitable than Bitcoin.

There are also layer 2s which make transactions less than 10 cents, and will be even less with the client updates around September this year.

See, the big problem is that people who buy into it can't be trusted to talk about it. There are vested interests everywhere afoot. I look this stuff up and there's just more about it from the perspective of the people who stand to gain by fooling me into it. This might all be factual. I simply don't care to take the time to fact check this large pile of jargon. Find me a resource that talks about this, that is also demonstrably not bought into the ecosystem and stands not to profit from it.

> Find me a resource that talks about this, that is also demonstrably not bought into the ecosystem and stands not to profit from it.

Don't worry, there will be Wikipedia pages that detail all of it, years after everything interesting has already been built, after the technology is entrenched enough in society that even the fiddliest technical details meet Wikipedia's standards for notability.

Alternatively you can learn a bit and use your critical thinking skills. Then the source of the information doesn't really matter, because you can fact-check it yourself.

No, I'll make the gamble that people will realize the stupidity of the whole affair before it gets so far entrenched into society. And, you know what? If the rot ever does really spread that far? There's always the coffin for me. I will not live in a cryptocurrency first society, simple as. The loss of privacy and the dedication towards fucking over others is intolerable. I will not be joining your circle jerk parade, I will not be participating in making the world a worse place. Thank you, come again.

Gambling against the stupidity of society? Bold move.

> The loss of privacy

I'm sure you haven't heard of privacy-preserving zero knowledge proofs, have you? They make things so private that the US Treasury had to sanction an entire protocol because the money was too private and North Korea was using it to launder. Unlike cash, if you secure it properly then there isn't a serial number or physical item you could search for and seize.

> There's always the coffin for me.

Dying in order to own the cryptobros. That's a new one.

At least you admit the whole thing is stupidity lmfao, might wanna go bone up on your reading comprehension tests bud. I think Reader Rabbit Grade A is still being sold for those at the preK level.

Privacy-preserving ZKP is not dependent on blockchain technology or ethereum. You can have ZKP without the scam-o-sphere.

And I wouldn't be dying to own the cryptobros. I'd be dying to avoid one of the most destructive social moves in human history. A blockchain future is a bad future.

I want to complement you on your retort. The bit about "Reader Rabbit Grade A" got a good laugh, while also setting me down nostalgia lane. Stuff like that is a big part of why I spend so much time online in inane pissing contests like this.

> You can have ZKP without the scam-o-sphere.

ZKP value transfers cannot work without the scam-o-sphere. Banks won't do it, and it's illegal to do it in a private database, so the scam-o-sphere has to come along for the ride this time.

> A blockchain future is a bad future.

Man, all I wanted was some money that I could store on my computer and that the government couldn't debase.

You also broke the site guidelines badly in this thread. Someone else doing it worse doesn't make it ok for you to break the rules. If you'd please review https://news.ycombinator.com/newsguidelines.html and stick to them in the future—regardless of how anyone else is behaving—we'd appreciate it.

>Dude, proof of stake literally entrenches power to early movers

There is no power in validation. Proof of stake requires people who stake to authenticate perfectly, or they lose a portion of their stake. You lose nothing from relying on a Proof of Stake network.

>Do gas fees, long transactions times, and global gas wars still plague the ecosystem? If so, the assertion that it is "more useful than physical cash" seems just absolutely hilarious

What is this "global gas wars" you refer to?

Gas fees are quite low compared to international wire transfer fees, and that's ignoring new scalability technologies like zkRollups that reduce those fees more order(s) of magnitude. And unlike money held by a third party custodian like a bank or PayPal/Venmo, you don't have to worry about your account being frozen.

And unlike with physical cash, you can can transfer it digitally across the planet.

The transaction time is consistently 12 seconds since Ethereum moved to PoS. Ethereum doesn't have the issues of 10 minute block times that Bitcoin has.

Your criticism is uninformed.