Cardano CEO IOHK_Charles reveals why he is not a fan of Ethereum staking
one of the prominent protocols in the industry, Ethereum, offers what he named problematic staking.
The rumor was first broken by Coinbase CEO Brian Armstrong on the premise that users' staking rewards when they lock their cryptocurrencies looks a lot more like dividends paid out to security token holders. 1/ We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers. I hope that's not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen.For Hoskinson, the absolute inaccessibility of Ethereum tokens locked in staking smart contracts makes them look like regulated products.
“Ethereum staking is problematic. Temporarily giving up your assets to someone else to have them get a return looks a lot like regulated products. Slashing and bonds not so good. Non-custodial liquid staking on the other hand is like the mining pools we've used for 13 years,” he said in a tweet responding to Armstrong’s first post.
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