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Comment by jurynulifcation | Hacker News Reader

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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.

>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.

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