this post was submitted on 03 Feb 2024
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398
Over 2 percent of the US’s electricity generation now goes to bitcoin (arstechnica.com)
submitted 9 months ago by [email protected] to c/[email protected]
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Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

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[–] [email protected] 3 points 9 months ago (1 children)

I think the 32 ETH lockup + slashing does make it riskier to stake, but it also makes the chain more secure. As a malicious Ethereum staker, every failed attack costs me a lot of money. As a Cardano staker, I can attempt an attack many times because there I don't lost that much if it fails.

The lack of liquid staking is the only real drawback I see here, as it has allowed some centralization in the Lido token. Ethereum has yet to address that issue

[–] [email protected] 1 points 9 months ago* (last edited 9 months ago)

Yeah, but people are just gonna leave your pool if you try to attack the network or miss blocks. (And good luck attacking the network where even the largest 2 entities Binance and Coinbase together only have about12% of block production (stake)).
Like... ye, it's not happening.
And why would you attack a network (if you could) where your value is stored. It's a suicide.
If you did have so much stake, it might be smarter to play by the rules.