April 20, 2024

The Ethereum Community Calls ETH Staking a “Sunken Investment”

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The Ethereum community has called ETH staking a “sunk investment.”

Ethereum 2.0 stakers are outraged that the development team has canceled the schedule for withdrawing assets from the blockchain. They expressed their dissatisfaction on the social network Twitter.

User under the pseudonym “Crypto Crystal”Baller expressed concern that Ethereum developers first postponed the withdrawal of assets from staking from 6 to 12 months, then postponed it until 2024, and then the withdrawal schedule was completely canceled.

Another user "ADA ape" supported him,calling "ETH a non-redeemable cryptocurrency investment." He emphasized that community members who blocked staking assets based on the schedule now lost the opportunity to withdraw capital after the specified date. 

Other microblog users supported thisopinion by sharing retweets of a post that criticized the timing of withdrawals from Ethereum. In turn, Ethereum supporters, including Ethereum ETHhub co-founder Anthony Sassano, see this as an attempt by Bitcoin maximalists to compromise Ethereum. 

Ethereum developer under a pseudonymAntiprosynth emphasized in a tweet that criticism of the developers' policies has intensified at a time when Ethereum's dominance in the market is growing and Bitcoin's is declining.

After the merger, Ethereum is increasinglyis centralized, and this fact causes concern not only among ordinary users. Recently, Cardano founder Charles Hoskinson compared Ethereum to the Overlook Hotel due to the strong censorship of transactions on the blockchain using MEV protocols.