"Staking is a meme":
The issuance curve and the economy of Ethereum arenât that complex.
Ethereumâs security comes from its slashing penalty.
"Staking is only there to protect users from dilution":
The issuance is carefully designed to be as minimally inflationary as possible, so weâre not headed toward the dead end of a 21 million cap and decaying security.
"Centralization"
I agree this can be improved. With permissionless protocols and lower barriers of entry.
Solution:
For Haseeb to revisit and discuss the thesis behind their investment in Lido.
We asked @hosseeb of @dragonfly_xyz if he thinks the top of proof of stake is in.
"We're probably going downhill from here."
"Staking mania was definitely a little bit of an illusion."
"This idea that you're paying for security is kind of a meme."
"This kind of economic fiction, I think, had to go away at some point."
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