/biz/ - Business & Finance

>>51654084
nagatoro

proof of stake, unlike proof of work, is a race to the bottom because the cost to print one new coin is always zero.
that's why for individuals the only options that make sense are custodial staking or ignoring base layer staking altogether and doing it in on-chain lending platforms.

>>51654233
>pos will dump because stakers will dump all their coins
>pos will cement control because stakers just get more tokens and don't sell
which is it retard

>>51654084
5% enough for you?
That’s 1 ETH per node.

>>51654233
>that's why for individuals the only options that make sense are custodial staking or ignoring base layer staking altogether and doing it in on-chain lending platforms.
Fucking kek
>>51654084
Until the music stops, sure. No one with a brain is staking.

>>51654290
i stake algorand for 7% getting 64p this month. wooo

>>51654263
incoherent

>>51654290
nobody is running a node for ~5%

>>51654307
your first problem is you picked an altcoin that won't be around by the time the next bear market hits

>>51654084
>Negrotoro smelly anus

>>51654308
zero iq poster
>>51654318
yes good

>>51654334
making up scenarios in your head doesn't make you sound smart when you say them out loud though.

>>51654361
I agree, which is why the fantasy you posted here >>51654233 marks you as a retard

>>51654084
depends on the coin and if you really think it's going to bounce back next cycle (if there is one)

It's profitable for a short time, until everyone hops on the coin and it becomes unprofitable anymore, see Evmos for example.

>>51654317
i was under the impression that cause the old jpmorgan ceo joined the team that they were in. I am aware that it has dropped from 1.30something to 36p last night so it doesnt look great. its passive staking through my exodus wallet so its not like i dont have access to my money.

>>51654084
I've been dabbling on holoclear for a while, supposedly it'll algorithmically change yields so it's as optimized as possible We'll see, but besides being POS and giving 10% yield idk what bad things you could find

>>51654084
Only on alts with decent yields Anon, just like what Sylo offers in their dApp.

>>51654443
part of the reason these alts drop so much is because of staking itself. at least ethereum tried to push the apy as low as it could reasonably go, but these alts need to draw money in, and any reasonable return is just massive inflation.

>>51654378
not sure what alt you're bagholding but at least you'll come to understand in a couple of years once it's died.

I wanna be nagatoro's slave

>>51654397
evmos already in freefall for good? probably not, but you probably similarly won't regret getting out of it now.

>>51654397
Time Wonderland also counts

>>51654084
Staking just means inflation which means shit Tokenomics which means no it's not good.

>>51654318
A clean anus should smell like your arm pit. My anus started to smell like a dead fish from wiping too much with low quality toilet paper. I'm going to the doctor to have it checked out. Wish me luck.

>>51654084
It all depends on what you stake. I am in the ORE/ETH pool for 45% APY. That's cool if you ask me

>>51654318
this, licky lick

>>51656835
If it smells like dead fish it means that you have an infection.

>>51656919
I blame cheap German toilet paper. At the doctors office now. Wish me luck if they have space.

>>51654084
im in Spiral enjoying 50%apr so yes staking is still worth it.

>>51656047
agreed it needs to be deflationary to be profitable.
also doesn’t help when new supply can be created from thin air by devs or contract.
its why tokens need to have a locked reasonable supply with no further ways of ever increasing it and only burn factors allowed.

>>51657416
seriously fcking happy my dev isn’t some pajeet who printed 10 trillion coins and owns 80% of the supply thats pre-mined kek.
legit feel sorry for many of the projects here.

Psychologically of course.

>>51654084
Staking will always be profitable anon. Freeway superchargers and Binance earn are tops on my list. We're are still in the bear market.

>>51654307
Where exactly fag? Don't forget security. Brokerage systems have proven to work. Better safe than sorry.

>>51654397
this especially
also massively helps if you get in early as possible before a coin has hit its peak.
say x coin before it got popular or well known had something absurd like 120%-200%apr staking.
thats fucking godly.
and since you got in early while it was cheap by the time it hits its peak.
all those staking rewards have had their value multiple and that shit adds up.
you could get rich/well off from staking alone if your stacks big enough.

>>51657559
another example would be say an anon who makes like say $1200-$2000 a month from staking.
just enough to pay most of their rent or housing.
this isn’t uncommon or rare.
staking is basically passive income on steroids.

>>51656047
Some alts give rewards in fiat and major crypto assets pleb. Go do some research on fwt and come back for a conversation.

>>51656821
Which means you're a retard. Probably haven't heard of superchargers, have you? You have a lot of learning to do.

>>51657282
I wish for you it would be a hot female doctor, I hope you washed your ass before.

>>51657711
The doctor was a retard who thinks it's fungal not bacterial. Fuck it I'll just take my home stash of antibiotics.

>>51657692
this i get usdc as a reward plus hefty amounts of spiral.
its a very generous system.
other alts give eth and other stable coins as rewards.
honestly staking is the best thing in crypto since sliced bread.
its like being an slumlord without actually slumlording or taking out loans.

>>51654084
Ofc, staking RAIL makes one a DAO member of the community with voting rights, a benefit I am already enjoying.

>>51654084
its still profitable desu
this fucking dip would have scared the shit out of me, if not for the yields i get on sylo and egld.

>>51654084
Don't be a retard Anon, Ofc it's profitable, but stake on gems with sustainable yields and good utility just like those elronds token ZPAY, and RIDE.

>>51657437
>new supply can be created from thin air by devs or contract
i wouldn't touch any alt that has that kind of supply shenanigans. a clear lockup schedule is the only thing i'd accept and even then that's borderline, just delaying the failure.

>>51657692
that money has to come somewhere.

>>51654084
Yes it is. But you need to have a big bag. Gaming is also more profitable if you have some cool games that are fun. Gamestar+ is one good game for families.

>>51654084
Depends on what you're staking. Governance staking with a long-term projection is arguably one of the most underrated form of staking these days. For example, you can't have a stake in a major privacy project and expect it to be profitless on the long run.

>>51658181
The voting rights are not the best incentive IMO, the tentative protocol-use fee distribution and airdrops are.

>>51654317
Kek, who the fuck says a major cap coin won't be around for long

>>51656838
Quite impressive to see the pool extended for another 2 months despite the rough state of the market

>>51659871
>ORE deployed its system on Algorand.
It's retarded to think that a blockchain with a security focus, entry barrier lowered and wallet creation simplified won't make it for long.

>>51654084
What's staking?

>>51654084
Yes anon. It is profitable as I've been earning passively from staking UTK and RIDE

>>51654084
Staking is based anon. A lot of users have used it to stay in the green despite market conditions, I get decent yields from the ETH/SYLO LP on Uniswap and I stake NEAR, DOT and OM on Binance.

>>51660049
This got me horny kek, there's something juicy about that platform, it's a flexible greatly accepted by thousands of merchants from consumers for payment settlement. holding and cashback, it's feel like a sucking a huge dick

>>51654084
Oh yes.

Pic rel

>>51654281
Wtf this shit look rekt anon guess what you can now invest in some real project like Luna and xrp the got alot of sweet passive income and good ATH

>>51659871
but we're talking about algorand, not a major coin

>>51654084
I'm staking ALGO - 8% and VRA - 17%
It's not much but it's free (after tax) money.

>>51660496
Stop Being a a dirty pussy dude, i streamline my assets and earn better, staking them into the right pots. though I'm currently enjoying the 25% APY from my metastaking pot am aiming for higher income also through every transactions with cashbacks.

>>51654084
Stargate has 5-7% pools for stable coins. I considered it but not sure how long it would work anyway.

>>51658230
You sound horrible dude but usually got some nice shit over there, I recently got alot of that project,and I can sell my NFTs with low gas fee that has been freaky sexy anon.

>>51654084
If you're staking a solid token that withstands this bear market, I can say it is profitable, otherwise, if you're staking a shitcoin that goes down by 99% from its ATH, it's worthless. What I also do is I get involved in play to earn games. Playing board and family games such as Family Feud while also earning. It'll ease it up

>>51660548
I'll be staking GSTAR because of its remarkable utilities. DOn't get me wrong.

>>51660548
Not bad anon. Although I'm more inclined to metastaking RIDE on Maiar DEX since I would earn from LP fees alongside a decent yield. I also stake ATOM and JUNO on KEPLR.

>>51658278
Elrond based tokens are one of the best tokens due to the staking options they have. Metabonding and metastaking are some examples

>>51660006
No one would spoonfeed you anon. DYOR

>>51660538
You really think less of Algorand, don't you

>>51658794
Railgun DAO is a standard for that. Makes a lot of sense why DCG decided to put a big one on it

>>51660006
Staking in the simplest definition is locking your investments with expectations for returns. Not all staking is limited to APY gains. Some may be airdrops rewards, some may be voting rights, some many be fee distribution. It's not always monetary or instant. Sometimes, you can stake with long-term projection

>>51657487
>Don't forget security.
You can't say much about security without a secured ID profile.

>>51660463
This is for UTK, yeah because RIDE isn't even a crypto payment solution.

>>51654084
When GigaSwap deploys theirs (currently on testnet), yes