ETH self-sustaining key for ‘atomic generation wealth’ – Ethereum dev
Ether (ETH) staking from home should be the “gold standard for staking,” and families should “see it as a tool to create atomic generation wealth,” according to Ethereum's CEO.
“Setting up a home validator means that your family will run that validator and protect the network for over a hundred years,” Superfitz, a founding member of the ETHStaker community, said in an interview with Cointelegraph.
Superfiz's previously monopolistic “#stakefromhome” narrative began to be pushed again last week when Gate – one of the network's execution clients – reached 84% network share among Ethereum validators.
This is another view of the beacon chain. Pretty, isn't it? Thanks @timjrobinson for the reminder from home to #stake. pic.twitter.com/d4JZR73qOk
— superphiz.eth ️ (@superphiz) January 24, 2024
Centralization concerns have prompted many verifiers to switch clients.
Superfiz wants to keep these funds under “central control” even though third-party solutions offer a lower barrier to entry compared to going solo (which costs 32 ETH or $73,000 at current prices).
But he argues that the upfront cost of monopolies will make Ethereum more decentralized and eventually pay dividends, making Ethereum and its underlying asset more valuable.
I consider myself a firm mid-curve, indoor squats were tough at first but I have to say it brought me more joy than rewards. I can't get over the feeling of knowing that my wee box contributed to Ethereum network congestion. https://t.co/YH38Z782ZP
— Madge80.eth (@Madge_80) January 27, 2024
He argues that this is not the case with third-party staking solutions that make Ethereum central to short-term gains.
“In the current situation, most of these owners will be placed in large institutions, which will lead to centralization and long-term destruction of property,” he said.
Related: Coinbase Addresses Gate Dominance Threats With Customer Diversity
However, Superfiz admitted that not everyone will be able to release 32 ETH on their own, but said that there are still many ETH investors and potential investors to make the transition.
“If you have $75K of Ether, you have a deep investment in the platform. I feel like most of these people can spend a Saturday and watch a 30-minute animated video and get a validator if they want.”
Outsourcing will make Ethereum “more valuable in the long run” and the “voice of Ethereum” will be the voice of people around the world instead of a few centralized providers.
“True decentralization gives national governments, corporations and citizens confidence that they can trust the chain.”
Magazine: Ethereum Resurgence: Blockchain Innovation or Dangerous House of Cards?
