This is a pretty interesting take, although it doesn’t entirely work with what the future regulatory guidance is going to enable.
The professional staker point is salient though. That’s a problem imho, and where Ethereum is clearly winning.
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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