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RE: Will Coinbase support Ethereum staking? If yes then Ethereum will easily become the most attractive asset to hold

in #crypto-news6 years ago

Where did you hear that the minimum is 1500 ETH? That could end up being any amount in USD so is this set in stone or dynamic? I haven't seen that number anywhere.

I also would not assume people with a lot of ETH have technical expertise. A lot of people can buy 1000+ ETH on Coinbase and not know how to launch a smart contract or deal with the very hard to use Ethereum Wallet. I would say this creates a market for pools and because these pools will for sure exist I do not see why Coinbase would not take advantage or form a partnership with one of these pools.

We will have to wait and see but if they don't then it's a huge loss of potential users who could then go to another exchange which does allow staking.

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Follow the link in my initial post. The 1,500 Eth minimum is at many sites, including some that are direct quotes from Buterin, such as this one: https://www.ethnews.com/vitalik-buterins-five-steps-to-becoming-a-casper-validator (hint: read Step 3)

I didn't assume that all folks with Eth have technical expertise. Here's what I said: "Folks with that much Ether probably can figure out how to stake it themselves or find someone besides a centralized, hackable exchange to do it."

In terms of pools: Possibly. But, again, go back to my original post. Coinbase can't be a pool operator because they are a money transmitter and are forbidden from doing that. Someone not legally organized in the USA could. Coinbase can't. Plus, Coinbase wouldn't because they are attempting to become a licensed exchange. It would be like NASDAQ creating its own S&P 500 fund to sponsor. They can't do that.

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