ETHEUR
Ethereum / Euro
crypto Composite

> So quantitatively what's wrong, are you paying way more than 400 a year to keep going
On my end I have my hardware costs, taxation tracking faff, stress and work when I have to migrate stuff not necessarily at a time of my choosing and I lose loads of money if I somehow bollocks it up. There's a risk of a client bug, and I have a hot key which is harder to secure than a cold one.
And there's the risk of an economic fork: If ETH turns into two coins again everyone else will get both but if you're staked you'll have to pick a side, and let the other side activity-drain to death at best. Until recently there wasn't much prospect of that happening since the chain wasn't going to split over blob capacity or whatever but now there is and it's a serious risk I have to account for, nice work guys.

Solo staker with 32 ETH receives about .8 ETH in yield, has to pay let's say $500 a year in expenses for a machine and the hookup. Also have to pay taxes. That's almost half the profit gone. Let's say that stake 64 ETH, 1.6 ETH yield, they still lose close to 30% to expenses and taxes. Do you think that's insignificant? Or are you skipping over those guys and just talking about solo stakers with 100s of ETH staked?

I’d like to piggyback on this and add that debasement in single digit percentages means absolutely nothing to a solo staker and ETH holder when the coin is flat over the better part of a decade let alone when it’s 60% down from its all time high.

What is your take on comments [like this via @lex_node](https://x.com/lex_node/status/2085432492962771386):
>Coinbase literally can offer EXTRA things for staking...for example, Coinbase offers leverage on staked ETH....they benefit a lot from staking as a service even if issuance is significantly lower because they can make MEV (Coinbase literally was the recipient of the outsized Curve hacker award, $1M for a single transaction)...and they get TVL and don't want to lose those deposits to competitors
...
> so there really isn't a reason to think this proposal will net-reduce intermediation, it will just shift intermediation from protocol-based trust-minimized decentralized staking solutions (Lido) to centralized ones (Coinbase, Kraken, et. al.) as they can diversify the staking rewards outside the Ethereum protocol

ETH to the moon, I can feel it coming. Early next year?

The scenario numbers intentionally only cover your second question right? It's entirely "how many ETH I end up with", particularly in the case of self staking vs using a custodian. Debasement is ignored, if it wasn't it would push it even further in favour of the proposal.

> so you will stake it in some way and at least do better than holding, **and counter debasement**.
This is where I think the confusion is. Are you trying to answer the question, "will you (who is currently a staker) be financially better off under this proposal?", or are you trying to answer the question, "what will happen to your incentives to stake under this proposal"?
The people who like this are talking as if we're answering the first question, ie self-stakers who are telling you this will end most self-staking are just trying to maximize our own return. But we're not, we're answering the second question, what will happen to our incentive to stake. For our incentives to stake, debasement is irrelevant. My ETH are getting debased whether I stake or not.

After losing my ass on ETH and then seeing Solana takeover the memecoin space, I became a Bitcoin maxi. Only a few will survive, and ETH might be one of them, but BTC is king.

Kitco spot gold 4249.30, Silver 61.93, Platinum 1732.00
Prices good with gold under $4275
[Proof](https://coindex.app/a/t2tQhM)
Detailed pics linked to coin description. Click on the Numista link for more info on the coin.
|Price|Qty|SILVER|
|:-|:-|:-|
|$125|1|[2025 American Silver Eagle - Marine Privy in OGP](https://coindex.app/a/AZKlV7) 1oz ASW|
|$125|1|[2025 American Silver Eagle - Army Privy in OGP](https://coindex.app/a/WVCjSn) 1oz ASW|
||||
|$90|5|[2012 Panda 1oz - Singapore International Coin Fair](https://imgur.com/a/sM1EJ9z) Proof in OGP plastic. 1oz ASW. Mintage 10,000 [Mintage info](https://imgur.com/a/Orks47f)|
|$90|3|[2012 Panda 1oz - Philadelphia ANA World's Fair of Money](https://imgur.com/a/sOsSG3C) Proof in OGP plastic. 1oz ASW. Mintage 10,000 [Numista](https://en.numista.com/328087) [Mintage info](https://imgur.com/a/yYRXm9H)|
|$90|3|[2013 Panda 1oz Berlin World Money Fair](https://imgur.com/a/nOpf9XR) Proof in OGP plastic. 1oz ASW. Mintage 10,000 [Mintage info](https://imgur.com/a/Abkdh3l)|
||||
|Price|Qty|GOLD|
|:-|:-|:-|
|||GREAT BRITAIN|
|$1099|1|[2023 Great Britian £25 Britannia 1/4oz .9999](https://coindex.app/a/mzYvdv) 474th of 500 struck 0.25oz AGW|
|$1099|1|[2023 Great Britian £25 Britannia 1/4oz .9999](https://coindex.app/a/CtkV4S) 478th of 500 struck 0.25oz AGW|
||||
|||USA|
|$4305|2|[2022 $50 American Gold Buffalo .9999 fine](https://coindex.app/a/VdDxwK) 1oz AGW|
|$4285|4|[$50 American Gold Eagle - 1994, 1998, 1998, 2010](https://coindex.app/a/8oQcll) BU, in flip. 1oz AGW|
|$4109|1|[1872 $20 Liberty](https://coindex.app/a/ReWaa8) ungraded, circulated condition 0.9675oz AGW **AT MELT**|
|$4109|1|[1910 $20 St Gauden](https://coindex.app/a/p8p8pj) ungraded, circulated condition 0.9675oz AGW **AT MELT**|
|$2155|1|[1896 $10 Liberty](https://coindex.app/a/sx7eLl) MS60 in Old Green Holder (OGH) 0.4837oz AGW|
|$2155|1|[1906 $10 Liberty](https://coindex.app/a/UKhCne) MS60 in Old Green Holder (OGH) 0.4837oz AGW|
||||
|||SWITZERLAND|
|$1092|2|[Switzerland Valcambi / Scotiabank 1/4oz round in assay .9999 fine](https://coindex.app/photo/6ML8uj8) 0.25oz AGW|
||||
|Price|Qty|PLATINUM|
|:-|:-|:-|
|$2099|1|[1998-W American Platinum Eagle $100 PROOF. PCGS PR69 DCAM](https://coindex.app/a/QIdLoV) 1oz APW|
||||
|Price|Qty|FREE STUFF with any purchase|
|:-|:-|:-|
|$free|1|[American Platinum Eagle Box for 4 coin set - 1, 1/2, 1/4, 1/10oz](https://coindex.app/a/Aui8Ha)|
|$free|1|[Isle of Man Platinum Noble Box for 4 coin set - 1, 1/2, 1/4, 1/10oz](https://coindex.app/a/sAOcIU)|
||||
**SHIPPING - PLEASE READ**: I double pack and double label each shipment. I will send you a picture of the receipt after drop off.
**No international shipments.**
OPTION 1: **BASIC SHIPPING**: Priority Mail (small) $13, (medium) $23. Basic shipping is uninsured and you accept 100% responsibility for packages once scanned by the Post Office.
OPTION 2: **INSURED SHIPPING**: Registered mail with full insurance and tracking. Available at cost. This does not cover theft once your package is marked delivered.
|PAYMENT OPTIONS ACCEPTED|Fee|
|:-|:-|
|Yes|Zelle, CashApp, Crypto - USDC|no fee|
|Yes|Bank wire|no fee|
|Yes|Venmo F&F only, (10+ flair only) no notes|no fee|
|Yes|Varo Money|no fee|
|Yes|Bank of America, direct acct-to-acct transfer|no fee|
|Yes +3%|Crypto - BTC / ETH|\+3%|
|Yes|US Postal Money Order|no fee|
|NO|PayPal|NO|
**TRADES / OFFERS**: No trades unless noted. No offers under $10,000. I reserve the right to fix typos.
**MIDDLEMAN**: Happy to use a middleman (u/HalfDeafYeller). Buyer covers all additional costs.
**AUTHENTICITY**: If possible to do so, I will verify each item via Sigma.
**SECURITY**: I do not give out passwords. I have secured my login with 2FA and suggest you do the same.
**QUESTION OF THE DAY**: Curious George, beloved children's book character, was what type of animal?

I hold USDC on the E-chain (ETH network 🌐). 😎

> I wonder if people realize that after Glamsterdam, the gas limit can be raised to 300Mgas which means ETH turns deflationary at 2.66 Gwei base gas. This is... deflationary ETH while a simple transaction costs barely 10 cents (because obv ETH will be 10K hah).
What does this mean in terms of data? For a while I've wanted to put the did:plc directory on there.

ETH Daily - 6th August 2026 📰
\-Quick Slots proposed for Hegotá.
\-EtherFi reduces restaking exposure.
\-Peer introduces Groups.
\-Issuance discussions.
\-Morpho hits $5b in deposits on Base.
\-Greenfield Capital insights on block priority.
\-Wintermute registers with the SEC.
Read more: [https://ethdaily.io/quick-slots-proposed-for-hegota-and-etherfi-reduces-restaking-exposure](https://ethdaily.io/quick-slots-proposed-for-hegota-and-etherfi-reduces-restaking-exposure)

Passing clarity allows massive amounts of institutional inflow into crypto, aside from ETP and pension flows. The analysis below doesn’t even account for the potential that tokenization will bring for real world asset and securities markets generally.
For starters, putting asset custody, segregation, risk metrics, capital requirements, etc on exchange platforms eliminates a large percentage of the perceived risk around the industry which was garnered from the FTX/Celsius gambit years ago.
Moreover, most banks currently will not use digital assets for defined banking activities in part because the law is ambiguous or doesn’t allow it, and capital metrics and accounting make doing so more or less impossible.
Additionally large market makers, brokers, dealers, etc. will start to process trading in crypto assets in a similar way that they do now for other assets. This will rely in part on value generation from real world use. But we’re already seeing stablecoins, BTC and ETH be used for collateral and margining positions by CFTC regulated intermediaries. Remember crypto is 24/7 unlike tradfi. If traditional whales can make money between 5pm-9am using crypto, you bet they’ll play around.
Lastly, Bitcoin has historically served as the primary gateway and liquidity anchor for the crypto market. Expanding legitimate use cases and institutional participation across the ecosystem could create additional demand across digital assets generally. A rising tide does not lift every boat equally, but greater adoption of the asset class as a whole is likely positive for the strongest networks.
If regulatory clarity increases demand from institutions while available liquid supply remains relatively constrained, even incremental institutional allocation can have an outsized impact on price. This is the same basic dynamic that contributed to strong market reactions around the approval of spot Bitcoin ETPs: a new pool of demand entered a market with limited readily available supply.
Obviously the caveat is that regulation alone does not guarantee price appreciation. It creates the conditions for broader participation; actual price impact depends on whether institutions allocate capital, how much they allocate, and broader macro conditions. But Clarity at least creates the market environment to drive allocation.

You are on the right track.
Its actually not Etheralize. That is a private company that sells their services to companies moving onto Ethereum. The new non-profits are Ethlabs, and Ethereum Institutional. There is also a new for-profit launched called EthSystems. All three of these are backed by BMNR and SBET, the two largest Ethereum DATs.
Yes, Ethereum L1 is taking over when it comes to the global public settlement layer. The adoption is actually slower in the USA because we don't have the Clarity Act passed yet. We do have the Genius Act from last year which has led to the explosion in US based stablecoins.
If you want to get a good idea of what is going on look into what Robinhood is doing with their Robinhood chain, launched for markets outside the US. In the EU they already have a comprehensive law passed called MiCA and a lot of laws are getting passed in Asia as well. Until the Clarity Act gets passed Europe and Asia will be where the most action is at.
The US will eventually sign the Clarity act or something like it into law because the rest of the world is modernizing their finance on EVM (the Ethereum Virtual Machine infrastructure).
The real story is about the adoption of EVM which does not necessarily mean that something runs directly on Ethereum, but it does mean that it runs on the native environment of Ethereum which the Ethereum ecosystem also controls in terms of the functionality and adding new capabilities to the EVM.
Some huge news that most people are ignoring is that both the DTCC and the Bank of International Settlement are adopting EVM systems (i.e. Besu). This is the foundational layer of the global financial system. By them adopting EVM systems it means all of the central banks around the world will also be adopting EVM systems and that in turn means global finance will run on EVM.
That doesn't mean that some financial companies won't be running on Canton or Solana or an Ethereum L2, etc. but it does mean that it will all be EVM compatible. The end result is that Ethereum L1 will become the public global financial layer. In that world ETH the token will probably become a monetary asset and will no longer be valued on gas fees. This will in turn mean that ETH will go up in value a lot.... it just may take a while. It could take another 10+ years but I think it will happen.
In my opinion EVM has already hit critical mass. Global finance has made its decision and it will only become more locked in every year. EVM is going to be to global finance what TCP/IP was to the internet. Everything will be built on that standard.

As a paper exercise in a theoretical framework (much like the EIP), I agree there is little difference, although this ignores the very serious issue of security degradation due to expedited loss of a solo stakers, which is probably my main point and concern.
*However*, in the real world, with a price chart that routinely varies on the order of 3-5 X (and could be a lot more), in an ever-changing regulatory and investment environment, 2-3% inflation is nothing more than (useful) noise.
Consider then two scenarios that we seem to be facing:
1) I stake and receive ~3% (or whatever), which I spend every year to support myself in some way. On a nominal 1 ETH, after ~3.3 years I have, 1 ETH. The price then "moons" to 5 X and I sell 1 ETH.
2) I no longer stake (the network lost an independent participant and is degraded) and I sell 0.03 ETH per year to support myself. After ~3.3 years, ETH "moons" to 5 X and I sell my remaining ~0.9 ETH.
Pretty clear that inflation isn't relevant, being completely overwhelmed by externalities, fomo, etc, and I know which scenario I prefer. How about you?
Further, tax is also person and jurisdiction dependent and cannot be assumed to be preferential. (Ultimately, large capital sales are dominated by CG anyway).

have to disagree with this:
\>It is very clear that this is true if you answer this simple question: In what state of the world would ETH holders come out relatively unscathed but stakers somehow suffer massive systemic losses? There really isn’t any.
There is the risk of failing to do your duties as a validator correctly. That could be a client bug. Or a power or internet outage. Or a failed HA setup that causes a slashable vote. There is risk - \`ivanz\` is highlighting that they just don't understand it.

Objectively, ethereum has made remarkable strides technically that have not been matched by ETH price increases. Each unmatched stride has disappointed investors and the sum of all the missed strides has made a lot of people skeptical that this phenomenon will never change. Yet ethereum is emerging as a (or the) primary platform for blockchain-based financial transformation of big tradfi, all while lindy continues to accrue. Ethereum is unlikely to fail. But what about ETH price? I agree the days of 10x seem largely gone, but getting to 10k within the next 2-3 years is, to me, within a probability range that keeps me hodling.

But ETH alone is already 50x the market cap of LTC not to mention total market cap of all the tokens on ETH. Litecoin's ratio is much more impressive.

>**Beyond collusion,**
>**Proposed for inclusion,**
>**Despite delusion.**
~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap

First, maybe we should stick closer to today's reality. Talking about what's going to happen at 100m staked ETH isn't important for this discussion and not something we should make decisions based upon imo. We're at 40m staked ETH, it took us like 6 years to get to this point, we've seen periods of stagnation to the queue.
Also, solo stakers have different sized staked and different expenses and tax obligations, so you can't simply state that "solo staking becomes unviable at 70m". First 32ETH stakes become unviable, then 64, 128, etc. These are still solo stakers and important to the network, so it's not a true statement.
I 100% agree that the curve is something to look at and maybe change, *in some way*.
>On the new curve solo stakers don't have a tax obligation at the 0% real yield point (or very little) this means they can follow LST's and industry for most of the curve and not get pushed out of Ethereum by industry.
This doesn't make any sense for 2 reasons. First, solo stakers pay taxes on the yield, not on the profit, and they don't get to deduct expenses, so you can not compare solo stakers to LSTs. A solo staker with 32 ETH and a normal setup can be expected to spend about $500 a year to pay for their setup and connections and another couple of $100 depending on their tax bracket, which is like almost 50% of their yield gone. Second, according to the proposal, "market equilibrium" ensures that we'll never see 0% yield.
So what you're saying doesn't really add up.