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Title: what is a staked btc address and how to create one? (Newbie here) Post by: pornflixandchill on September 29, 2020, 05:26:43 PM hi guys, i'm new here. What is a staked BTC address for?
And how do i create one? Title: Re: what is a staked btc address and how to create one? (Newbie here) Post by: TryNinja on September 29, 2020, 05:34:02 PM People usually leave an staked address on topics like this (https://bitcointalk.org/index.php?topic=996318.0) so they can sign a message with it later and prove they are the real owner of the account. It's a good habit to ask for signed messages when dealing/trading with someone.
Just learn how to sign a message with a BTC address (How to sign a message?! (https://bitcointalk.org/index.php?topic=990345.0)), sign one and post it in the topic I linked above. Then, use the same address to sign your messages in the future. Title: Re: what is a staked btc address and how to create one? (Newbie here) Post by: pornflixandchill on September 29, 2020, 05:48:11 PM People usually leave an staked address on topics like this (https://bitcointalk.org/index.php?topic=996318.0) so they can sign a message with it later and prove they are the real owner of the account. It's a good habit to ask for signed messages when dealing/trading with someone. Just learn how to sign a message with a BTC address (How to sign a message?! (https://bitcointalk.org/index.php?topic=990345.0)), sign one and post it in the topic I linked above. Then, use the same address to sign your messages in the future. alright, thanks :) Title: Re: what is a staked btc address and how to create one? (Newbie here) Post by: OgNasty on September 30, 2020, 01:06:15 PM Since you’re a newbie you can sign (or stake) an address and get some merit for it.
https://bitcointalk.org/index.php?topic=5275043.0 Title: Re: what is a staked btc address and how to create one? (Newbie here) Post by: pornflixandchill on September 30, 2020, 06:45:07 PM Since you’re a newbie you can sign (or stake) an address and get some merit for it. https://bitcointalk.org/index.php?topic=5275043.0 Ok, i will look into it :) Thanks! Title: Re: what is a staked btc address and how to create one? (Newbie here) Post by: tranthidung on October 01, 2020, 01:48:26 AM It sounds dumb when saying following words but I'd like to make a note.
Bitcoin network is operated with Proof-of-work (PoW) algorithm (https://en.bitcoin.it/wiki/Proof_of_work), not Proof-of-Stake. It means you can not stake your bitcoin and get staking rewards like you can with proof-of-stake (PoS) altcoins. If anyone contact you with investment invitation that you can stake your bitcoin, get too high rewards back. Such invitation is too good to be true, and does not match with Bitcoin protocol, it is a scam attempt. On the forum, when you sign a bitcoin message (from non-custodial wallets [1]) and stake it, it is only a proof of your ownership on that wallet, and on the account you make that post. Later, if you need to prove your ownership on that wallet, or on that account, just sign another message from the same Bitcoin address (more exactly, with same private key from which that address is derived). [1] Custodial vs. Non Custodial Wallets - "Not your keys, not your coin" Explained. (https://bitcointalk.org/index.php?topic=5173370.0) |