đđđ $ETH self-staking key to âatomic generational wealthâ â Ethereum dev
Staking Ether (ETH) from home, despite potentially costing over $70,000, is touted as the ideal approach by an #Ethereum core developer, who sees it as a means to foster long-term value and create generational wealth.
Superphiz, a core developer and founding member of the ETHStaker Community, advocates for home-based validation, envisioning families operating validators that secure the network for extended periods, possibly surpassing a century. He reintroduced the "#stakefromhome" narrative amid concerns about the centralization of Ethereum validators when Geth, one of the network's execution clients, attained an 84% network share.
Superphiz contends that while third-party staking solutions offer easier entry compared to solo staking (requiring 32 ETH or $73,000 at current prices), they centralize funds under "centralized control." He believes that despite the substantial initial costs of solo staking, it will enhance Ethereum's decentralization, ultimately increasing the value of Ethereum and its underlying asset. This stands in contrast to third-party solutions that, according to him, contribute to short-term centralization for profit.
He expresses concern that many holders opting for third-party solutions end up deposited in large institutions, leading to centralization and long-term devaluation of the asset.
Superphiz acknowledges that not everyone can afford to stake 32 ETH individually but suggests that numerous ETH investors and #stakers could still make the transition.
Staking from home, in Superphiz's view, enhances the long-term value of Ether, ensuring that the "voice of Ethereum" reflects the sentiments of people globally rather than a few centralized providers. He asserts that true decentralization instills confidence in national governments, corporations, and citizens, fostering trust in the chain for secure and confident operations.
Source - cointelegraph.com
