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/biz/ - Business & Finance

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14599123 No.14599123 [Reply] [Original]

Will you be staking on unknown pools?

>links at 50 bucks
>10k stack staked on a NEET node
>big derivatives contract requires the whole stack as collateral
>cloud fare goes down and cmc API with it, node gets penalized
>lost your whole stack in a blink of the eyes over a failure beyond your control

If the node doesn't guarantee no token loss for stakers don't ever use it bros it's gonna be a nightmare

>> No.14599163

>>14599123

You don't have to worry because nobody is going to use that shitcoin.

>> No.14599169

>>14599163
Thanks anon that's reassuring

>> No.14599334

>>14599123
I'll never stake on a node that uses my stinkies as collateral, if I am paying them with a part of my benefits at least they should make sure my stinkies are safe

>> No.14599356

>>14599163
WHY DID YOU FEEL THE NEED TO REPLY IN A LINKY TTHREADWHY DONT YOU JUST IGNORE AND OPOST IN YOUR REGULAT LTC RLC ONE XRP SHITCOINS THREADS

>> No.14599386

>>14599123
That's why I bought LinkPool. No matter who's stack gets slashed, I make money.

>> No.14599416

>>14599334
>I'll never stake on a node that uses my stinkies as collateral

that's like the only reason why you would setup a node in the first place brainlet, big derivatives contracts won't use a no penalty node

>> No.14599422

Staking is a meme

>> No.14599630

>>14599123
>call expensive request requiring most of the stack as collateral
>DDOS your server for a few bucks
>free LINK

>> No.14599679

>>14599123
Ive bought NIMIQ at 850k@19 sats with money that should have been used to pay off CC that ive used to buy 3x1660ti for mining nimiq. nimiq is 10 sats now and im 20%. I took a 0% loan from para bank to pay off cc. So ive compromised my data because of that. Im fuckin dumb

>> No.14599806
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14599806

>>14599123
>staking on random unknown pools just because
>being this fucking retarded
This is how I know /biz/ is going to be broke as soon as LINK properly takes off In the coming years. There will be seas of posts about how some of you had uniornically held your LINK for nearly a decade only to lose it all by bidding on an Oracle that tried to fulfill a smart contract related to the halting problem or some shit.
That said, writing big money unfulfillable SCs that illiterates wont be able to tell are mathematically unfulfillable seems like a neat way to jew the dumber marines out of their tokens. I imagine this is what the banks will be doing at first if this really does take off.

>> No.14599826
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14599826

>>14599386
>>14599386
>That's why I bought LinkPool. No matter who's stack gets slashed, I make money.

>> No.14599858

Nodes themselves will have insurance smart contracts for potential penalty loss from bad data in the future once the market becomes fully saturated.

>> No.14599879

>>14599123
Also for your cloudflare problem specifically, obviously the solution is to hedge by taking out a SC that bets on Cloudflare going down. Basically, insurance. I'd think these kind of SCs should be widely available for pretty low costs in the future.