/biz/ - Business & Finance

Here's a solution to depression and boredom in quarantine: Start staking your shitcoin

Nodes are pretty easy to set up (especially once you've done it once or twice) and it translates into legit earnings.

Right now I'm staking Stegos, a privacy small-cap with an interesting conensus model (gamified Proof-of-Stake) that disproportionately awards small stakers.

Essentially, 1/3 of every block reward is pooled into this jackpot called "validator service award". When a certain string is hit in a block, the jackpot is paid out, in full, to a random staking node. Every staker has the same shot, whether they are a min staker or not.

You need 50k STG to stake (about $25) and the average jackpot is over 700k STG. Massive ROI if you hit it and you get 14% yearly ROI in the meaintime. Mcap is like 500k so it won't go much lower anyways, and the project otherwise has a number of interesting and unique features that make it an otherwise worthwhile privacy coin.

Happy staking anon

>minimum of 50k per node (~$50)
>14% annual ROI
>Automatically enter into validator service award jackpot with over 700k average reward ($700)

Any moment I can do over 10x just by staking.

>But you'll never win it with such a small stake
Every node has an equal chance to win

>The odds you actually win it are too tiny to bother
Historically, anywhere between 100 and 200 nodes are eligible per jackpot perid. It hits every 6 days, on average. And you can run as many nodes as you want.

>This can't be sustainable
1/3 of block rewards are set aside for jackpot reward. The network generates it at a sustainable rate of inflation.

And at 1mm mcap, there is a potential for moon mission WHILE I'M STAKING.

Anyways, buy $50 of Stegos (on Bithumb Global). Set a node and forget about it.

Not to mention we're dealing with a ground-up privacy blockchain [live on mainnet] that is the ONLY privacy coin emphasizing usability and accessibility. Ie. Monero for the other 99.9% of the world. But you can figure that out yourself.

>>17372571
The easiest way is to just spin up a VPS and set-and-forget. That's what I do, but it does cost a couple bucks a month.

>>17345577
>>17345638

Do you want me to spoon feed you?

>Stegos

1mm mcap custom privacy network built to be worldwide scalable and user friendly. On mainnet since last year, the major "usability" feature are mobile nodes. You can manage wallets, scan qr codes, etc. like a standard wallet. You can also send one-to-one and group private messages on-chain, stake coins, and interact with network dapps. AKA A PRIVACY COIN THAT YOUR AUNT AND ALL THE GLOBAL CITIZENS THAT ACTUALLY NEED PRIVACY ARE ABLE TO USE.

Buy it on Bithumb Global and hodl for an easy 10x.

>>16994530

poorfags keep my steggies /comfy/

>>16933804
>$2mm mcap privacy coin
>custom blockchain built ground-up since 2017 for easy-to-use, worldwide scalable privacy
>lightweight network that offers mobile staking full nodes (internal, public release due end-of-quarter)
>transactions reworked as "fast data messaging", send files, messages, media, etc. same as currency
>team is actually emphasizing user friendliness to target the 99.9% of the global population that will never be able to work Monero

It's like Grin but with utility and actually usable.

Steggies > Tezzies

XMR is a great coins for cypherpunks that understand tech and have ample resources in terms of VPN and whatnot to keep themselves anonymous.

What about for the other 99.9% of the global population? There is exactly one privacy coin that is instead emphasizing usability. Probably doesn't mean much of anything, right?

Quite comfy with my Steggies now, you guys can buy it at the top.

How is your winter, anon?

It's chilly outside, but I'm nice and warm inside staking my Steggies.

You don't know what I'm talking about, and that's okay.

You missed the last 4 innovative privacy coins (XMR, ZEC, Grin, and even fucking XVG)

You'll miss this one, too, and that's okay.

You'll make it one day, definitely.