Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MrSpasybo on October 15, 2020, 09:21:37 PM
-
"More than half of Ethereum’s circulating supply has not moved in more than a year, with only 39.6% of Ether (ETH) changing hands over the past 12 months.
The data suggests that many whales spent 2019 accumulating Ether in advance of the project’s ETH 2.0 overhaul — for which phase 0 is expected to commence in the coming months, allowing users to stake their Ether for the first time. "
Article: More than half of all Ethereum hasn’t moved in 12 months (https://cointelegraph.com/news/more-than-half-of-all-ethereum-hasn-t-moved-in-12-months)
ETH was born to be an alternative means of payment for BTC, so that everyone can participate in the crypto economy, but is it good if a large chunk of ETH is kept in staking pools?
I understand that staking is a way to reduce mining costs, increase decentralization, keep the value of ETH, but it seems that the Ethereum community is overly excited about POS in ETH 2.0.
Will this have a long-term negative effect on ETH price in the future?
-
It is common that ETB offers to stay pool for some reason. Personally, I am interested in choosing this one between the staking nad also saving. However here for short timer instance, staking pool is good idea but remember that we are still working on it
-
I'm not really sure about this, I think staking won't take a big influence on ETH price. For me, the demand should be the main factor affecting the ETH price. As long as many people are interested to buy ETH, then the price of ETH will be good. But if there is bad news related to ETH and people aren't interested to buy ETH again, it will drop the price suddenly.
-
Not really because eth is the biggest and most used blockchain network so it generates massive revenue or fee on daily basis so they can pay the miners or stakers, in future, from the reveue pool they get as fee for every transaction.
The negative effect of staking can be concern of smaller or newer projects but not Eth.
-
Indeed, many people focus on ethereum 2.0, and this makes many people decide to wait until the release of ethereum 2.0. However, it seems that currently Ethereum's movement is quite slow. I think it is possible that ethereum will soon be replaced by other altcoins. Because in crypto the competition is so tight. If ethereum continues like this, it will certainly be rivaled with new coins that are more potential.
-
As people are saying, sometimes you can't have your cake and eat it too. The way I am seeing it is that Ethereum developers and Vitalik Buterin have to decide a balancing act taking all considerations and concerns on the table as they decide on how to tackle best the pressing challenges of the network and to make sure that it can respond well the things of the future. Will staking be affecting the price of Ethereum? Of course, it can affect but as to how pervasive or extent that is the question hard to answer. Will staking not jeopardize Ethereum as a payment platform? Well, it got a bigger supply than Bitcoin, so I think this will not really be a big factor. In fact, if they can make the network unclogged and as fast as it should be then that can help a lot for mainstream adoption and for merchants to adopt Ethereum. I am on the side of the people who believe in Ethereum, the same confidence I have for Bitcoin. I don't believe in monopoly though too many players can also hurt a bit.
-
Huge sum of Ethereum being added to staking pool when ETH 2.0 is live may or may have an effect on the price on the coin. However, i think it will depend on the reward which would be earned during the staking period and also the effect of how expensive mining fees will be. If there's an increase in demand due to staking then i think it may have a huge positive effect on the value of Ethereum.
-
MyCointainer.com will have an ETH 2.0 pool, it's good so anyone can participate and earn ETH, also it will be good for all the crypto ecosystem too.l