December 5, 2022

The Ethereum Community Calls ETH Staking a “Sunken Investment”

Article reading time:
2 minutes.

The Ethereum Community Calls ETH Staking a “Sunken Investment”

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

User alias "Crypto CrystalBaller expressed concern that the developers of Ethereum 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 members of the community who locked staking assets based on the chart are now unable to withdraw capital after the specified date.

Other microblog users supported thisopinion by sharing retweets of a post that criticized the timing of withdrawing funds from Ethereum. In turn, supporters of Ethereum, including the co-founder of Ethereum ETHhub Anthony Sassano (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 developer policies has intensified at a time when Ethereum's market dominance is rising and Bitcoin's is declining.

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