Technology

59148 readers

2312 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

988

Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption (www.tomshardware.com)

submitted 9 months ago by [email protected] to c/[email protected]

360 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[+] [email protected] 5 points 9 months ago* (last edited 9 months ago) (1 children)

[deleted]

[–] [email protected] 1 points 9 months ago (2 children)

I googled "zero lock staking" and I'm not finding anything that contradicts what I said. There are systems that allow for delegated staking, where you hold transferable tokens that represent a share in a staking pool - rETH, for example. But there's still locked stake in that case. And this Quora response lists various proof-of-stake systems where you can unstake immediately, including Cardano and Polkadot, but those don't give you rewards while your tokens aren't staked - the token still needs to be locked during the staking itself.

I asked for clarification on what you found "damning" about the transition to proof of stake, I don't see how asking for clarification is "misinformation."

I presented a source for Ethereum's centralization trends. Got any of your own?

[+] [email protected] 5 points 9 months ago* (last edited 9 months ago) (1 children)

[deleted]

[–] [email protected] 1 points 9 months ago (1 children)

Wow, you went from zero to furious at the drop of a hat. And I'm not a "bagholder", as I've said in other comments, I'm just interested in the tech.

I haven't argued any of these facts. "How TF else should they do it?!" could be my line here, except that I'm trying to remain civil so I wouldn't have worded it that way. This ultimately comes from your statement:

Another damning aspect of their staking tech is that, in order to stake to a pool, you need to lock your tokens away, making them impossible to spend for a specified time period.

Which I still don't see as "damning" because - as you just said - how else would they do it? Cardano and Polkadot do it the same way, they've just changed the value of what that "specified time period" is.

I specifically mentioned Rocket Pool's rETH as an example of delegated staking that would let you sell your staked tokens more quickly, that's on Ethereum so if the exit queue is too long for you there you can try that instead.