/biz/ - Business & Finance

Bruh

The apr better be fucking high for a 6month unlocking process.

Like, 80%

>>50871106
Yo newfags and your old news.....

>>50871135
It's not even programmed in yet hahaha
6-12 months maybe you get your 4% yield

>>50871154
We're going to have to build a testnet for withdrawals kek

>>50871195
This is the reason i didnt staked my stack, i know eth devs are slow af, we barely in pos after 5 years of delay, ofc the kids on reddit and twitter would downvote me, because they are droids, but fuck it man, we are talking about 5 fucking years not months.....

>>50871106
>>50871127
Literally can't cash out.

>>50871275
>you literally unironically can't
don't worry, just join the (((queue))) it's very well-designed and fair for our valued holders :))

>>50871135
32 eth at the projected price of 38k per ether will give you 100k a year. Passive income.

eth merge literally makes it a ponzi that will last only 6 months

>>50871372
Is eth actually going forward with you can't cash out for 6-12 months?
This is the most absurd thing I've ever heard.

>>50871405
pretty much

The network is working as intended. Your deposits are appreciated and will be put to good use

Wasn't this announced years ago? It only applies to validators. If you're not staking you can still move and trade ETH. Can't tell if this is a troll thread or if newfags are actually retarded

>>50871106
When I made thousands of $$$ off it

>>50871405
You can't unstake your staked ether... it's been like this for years, newtard

>>50871500
Yapp, its old as time:>>50871154

>>50871534
That's literally a ponzi scheme

promising returns and then not allowing you to withdraw

What function does this serve?

>>50871500
But why though? What function does it serve not allowing withdrawals?

>>50871405
>>50871189
>>50871135
They say they need 12 months to implement cashing out, not that, when implemented, it would take 12 months to unstake

>>50871614
Did you read the twatter thread? They need time to implement it

>>50871630
The thread said they're doing it for a triple halving and expect to make loads of cash
That's literally a scam

>>50871605
wow its almost like its a stake in the system

absolutely unfathomable that a bunch of computer programmers now think they are experts in business and finance

>>50871647
What incentive do the devs have to allow withdrawals at a later date?

They seem to be banking off this bug I mean feature muh triple halving

>>50871605
Keeping out institutions, vd is based af just you dont see the big picture, because the laser eyes are in the way.

>>50871849
Souce:
https://cointelegraph.com/news/institutional-staking-won-t-take-off-unless-asset-lock-up-solved-coinbase-cfo

>>50871849
So what you're saying is not allowing withdrawals is a feature for naive investors because it's considered too risky for professionals

>>50871622
>They say they need 12 months to implement cashing out
So 3 years considering how incompetent ETH devs are?

>>50871106
Meh, im all up for ponzi schemes, they make the most money if you are a good player and know when and where to put your money, think of VINU, constantly pumping, generating endless amounts of money, now the devs have started riding on top of the whole "waifu" like kadena, imagine what will happen when this board finally embraces vinu

>>50871106
>>50871127
>>50871135
>>50871189
>>50871195
>>50871256
>>50871275
>>50871326
>>50871372
>>50871405
>>50871440
>>50871455
>>50871605
>>50871614
>>50871622
>>50871630
>>50871651
>>50871712
>>50871936

Gas fees (that usually went to miners) should be immediately available to stakers.
So if a staker proposes a block and it's accepted, they get to keep the fees (pre-merge those fees went to miners).
Rewards from staking should be available before 6 months and is being called "skimming".
So if a staker accrued 4 ETH in the past two years of staking, they should expect that to be withdrawable pretty soon after the merge.
Initial deposits of 32 ETH is expected to be 6 months to a year, like already said.

>>50872473
That's retarded

>>50871256
They are NEVER switching until miners have milked every drop.
5 more years.
Possible ETH ceases to exist before it actually happens.

>>50871849
Kek
You are drooling if you think keeping out institutions is the reason

>>50872768
I dont know man, as i said i didnt trust them so i didnt stake mine.

>>50871106
>lol, you cant withdraw
Kek. Rug about to be pulled

Don't be an idiot. The retarded PoW fork is going to fall flat. PoS is the way and Polygon alone is putting billions into scaling it. ETH is forever anon.

>>50873807

>>50871356
Maybe in 2140

>>50871356
Kek
>32 eth at over 20x the current price will give you 100k a year
Jej

>>50871622
>dude we need 12 MONTHS!
>VB releases new book
LMAO he’s writing books not code you nig

>>50871106
eth is a scam

>>50871356
They advertised an estimated 4% apy didn't they?

>>50871614
They wanted a consistent supply of ETH staked to protect the network. Obviously they wouldn't lock up their precious premined tokens in an unfinished and experimental staking contract so they had their cultists do it for them

>>50871356
Um sweaty ur thinking about xrp
Aka the standard

before i bought XRP

bullish for ravencoin. ticker rvn

>>50871106
>can program to lock your ETH
>doesnt make it so you can unlock it
this is blatantly a scam right?

>>50871106
what's happening here, now? someone explain pls?

>>50871405
in 6-12 months they will put a lottery for who can cash out, then they will keep extending the length of the lottery, finally some whale cashes out and it crashes and they "temporarily" suspend the cahsing out randomizer

>>50874947
it means eth is not really a native asset
pow is a switcharoo

>>50871106
HAHAHAH ETH is such a pedochain run by pedophile failures.

>>50871405
Not crypto anymore, it’s just stupid run by retards like pedophile vitalik

Good luck eth heads you got raped by a aids ridden pedophile

>>50871106
wait, there are people here who didn't know that?

>>50871106
>When did you realize ETH was a ponzi scheme?
when I found out it had a 70pct premine by vitalik

>>50874874
xrrp is even worse than eth, noob

>>50871605
>What function does this serve?
They know there would be an instant dump if there wasn't locked staking and queued withdraws

>>50871372
My first thought was that at 6 months won't people cash out? I need to out this is my calender so I can short it a week prior

>>50872473
>if
>if
>if
>if
>if

>>50871356
>a random amount of ether at a random price I pulled out of my ass giving a random yield is enough passive income to retire on
wow very interesting

>>50871256
>we barely in pos after 5 years of delay

Breh, you absolutely do NOT want POS in a premined coin. That's absolute disaster. The only way POS works is if the currency is distributed far and wide. In ETHs case, it was all premined, with a 5ish year period of other people being able to mine it by the sweat of their brow.

>>50871127
Pajeet tier scam

>>50872728
Then don't bother, you'll get pissed off when eth hits 10k. Thread is probably bait, but whatever.

>>50871127
Kek, have fun mETH heads

>>50871189
Waiting to see how this merge benefits us but for yield and shit I'd opt for a yield generator like Aave, Harvest, Compound, Idle or a yield generator like Spool that's plugged into all. I know the benefits and use cases may differ but to make my assets work for me, this is my strategy

>>50871106
I've realized right before I bought VINU for the first time and I saw my money growing instead of decreasing

Staking is a scam for goy