Postare

Any curve that brings staking yield to zero earlier than at 100% staked is essentially a centralization tool. It is simple. Reaching 100% staked is practically infeasible, but if it does, there is no point in paying for staking anymore. Hence, a curve that goes to zero at 100% staked could be at least considered reasonable. What about any curve that zeroes out staking rewards for all stakers at N < 100%? Simple again! What we will see is a survival game. If we assume there is demand to stake more than 50% of $ETH (as all issuance proposals do), then the staking ratio will get as close as possible to 50% or even reach 50%. And then we wait. We wait for the small players to die out or just quit staking. While institutions like BitMine will be able to afford zero staking rewards for long enough so that others will leave and staking rewards will become positive again. Now ask yourself, is it what we really want? As a person who devoted the last 5 years of my life to Ethereum decentralization improvement and strengthening, I take this proposal as a clear signal that its authors are against decentralized Ethereum!