So the SEC just shutdown Kraken staking in the US, and other exchanges are likely to follow. People seem to be very mad at this, as it prevents retail investors with lower capital from participating in network governance. Until now it didn't matter because there was a simple way around it, but why does ethereum require such a high amount of 32 eth to stake at the protocol level in the first place? Does Ethereum only care about enriching those who are already wealthy? Defi and the world computer are supposed to be for everybody, right? As it stands, those who cannot afford 32 eth will have their holdings diluted over time to those who can stake. (I know the deflationary argument, but even then from a network governance perspective percentage control over the network still accrues influence to those staking.)
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