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Author Topic: How Staking Is The Next Step In Crypto  (Read 321 times)
OGEOS
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April 02, 2020, 09:49:55 AM
 #1

In case you are late to this party and don’t yet know what staking is, staking is essentially the hoarding of cryptocurrencies. It's when individuals hold their crypto assets in wallets rather than using them for transactions. While this may sound counterintuitive, it appears to be the next step for crypto, and it is becoming increasingly more popular.

Here is everything you need to know about staking and why it is becoming more popular: https://e-cryptonews.com/how-staking-is-the-next-step-in-crypto/

Are you staking your crypto assets?
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April 02, 2020, 09:56:09 AM
 #2

POS coins awards users to stake and keep the wallet active as it helps to verify transactions and keeps the blockchain running. Staking of limited supply coin can be useful as the price may rise with rising demand and lower supply. Some services like binance exchange rewards users for holding coins on their wallets.

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April 02, 2020, 10:50:49 AM
 #3

Im still staking my asset and it becomes a popular thing caused by people can start to earn without to do anything. Your token acts as your power in the network to help to secure the network. You get your reward from your power to help the network. I never encounter any problem with it and i can still a few bucks every day. That's not bad.


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April 02, 2020, 12:34:48 PM
 #4

I do have a few alts I'm staking on my Trezor & Ledger, but it becomes a little headache because I have to visit specific websites to claim my rewards. On the other hand though, a little more every day doesn't hurt at all. However, the amounts I'm holding in alts is pretty small in comparison with BTC..

Is staking really "the next step"? Because AFAIK, staking is much less safer than PoW is..





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April 02, 2020, 12:44:01 PM
 #5

What happens when projects run out of funds to pay stakers as their rewards? If everyone stakes their tokens, what will the rewards be like for small holders? Lastly staking is not really the next step that's my thoughts because lots of things needs to be reconciled before we can say staking is the next step.
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April 02, 2020, 01:32:18 PM
 #6

What happens when projects run out of funds to pay stakers as their rewards? If everyone stakes their tokens, what will the rewards be like for small holders? Lastly staking is not really the next step that's my thoughts because lots of things needs to be reconciled before we can say staking is the next step.

actually this questions should ask directly to the project owner that have staking rewards they are the one who can answer it. They will give different answer for that questions other will use the buy coins so they can continue rewarding people if they already got the maximum supply of the coins.

Staking has been announce even the bullmarket start in 2017 do its not new ideas.

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April 02, 2020, 01:41:02 PM
 #7

Some project already have staking in their program especially with bounty hodlers. Although many times it is conceal from bounty hunter but at the time token is distributed to you, you see it that you can stake it for few note token after some duration of time. Yes I have noticed that with some bounties.

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April 02, 2020, 02:13:33 PM
 #8

I do have a few alts I'm staking on my Trezor & Ledger, but it becomes a little headache because I have to visit specific websites to claim my rewards. On the other hand though, a little more every day doesn't hurt at all. However, the amounts I'm holding in alts is pretty small in comparison with BTC..

Is staking really "the next step"? Because AFAIK, staking is much less safer than PoW is..

In the current evolution of Crypto,
Yes Staking is the Next step after Proof of Work.
Will something else come later, time will tell.

Staking is energy efficient and cost efficient.

Proof of work is energy wasteful and overly expensive.

In PoW you are trusting the miners, rich elites that buy warehouses full of ASICS, of which the common man has no place at the table.

In PoS you are trusting the Coin holders, which anyone can be a part of.

PoS is actually more secure than PoW as much greater than 51% is required to dominate a chain.

Plus while ASICS miners can mine multiple coins insuring no loyalty to any one coin,
Stakers are giving their loyalty to the coin they stake as it only stakes that singular coin.

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April 02, 2020, 02:22:18 PM
 #9

Not yet.

I'm waiting for the transition of Ethereum from PoW to PoS so that I can share a portion that I hold from my portfolio to a pool to stake the coin.

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April 02, 2020, 02:34:44 PM
 #10

Not all crypto is stackable and sometimes staking a coin requires the person to have their pc running 24/7 which most people like me can not afford to do, reason because I don't have a dedicated internet connection at home, there is no guarantee of constant electricity  Wink so this limitations may hinder some not to be able to engage in staking,
Maybe even you have an online staking platform, it could that your coin is not part of available coins there, that too is an issue,
Although staking can give more reward instead of just holding.

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April 02, 2020, 03:57:54 PM
 #11

I find staking to be very easy, no worries about other things like cost of electricity or high and low mining difficulty but I prefer POW over POS simply because its more fun, staking a coin for an annual will only fetch you few %%% but trading can fetch you more

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April 02, 2020, 04:00:40 PM
 #12

What happens when projects run out of funds to pay stakers as their rewards? If everyone stakes their tokens, what will the rewards be like for small holders? Lastly staking is not really the next step that's my thoughts because lots of things needs to be reconciled before we can say staking is the next step.
Then be more careful which coin you decide to stake, not all POS coins are worth buying and staking, go for the old projects or Tezos, for me I'm looking forward to solar mining, the only problem with Proof of Work is electricity cost, if there is a way or solution to power / electricity then it will be way profitable

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April 02, 2020, 04:05:34 PM
 #13

Proof of Stake is safer but comes with lower profits, still better than POW for me because you just click on stake button and you sit back and continue with your life, you don't have to worry about costs of mining or cards overheating

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April 02, 2020, 04:35:03 PM
 #14

No, I prefer to sell and buy for now, although coins can be made through the use. However, if market conditions continue to deteriorate, the value will be the same or even worse. It is better to wait for the correct entry to enter and unblock it.

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April 02, 2020, 06:31:34 PM
 #15

IMHO,staking is not popular and not worth it as well in my opinion. The returns from staking a coin or token a year will be in single digits and more legit coins have in fractions but the same returns can be made in a day or two by simply trading with the swing price movement.

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April 02, 2020, 06:37:20 PM
 #16

IMHO,staking is not popular and not worth it as well in my opinion. The returns from staking a coin or token a year will be in single digits and more legit coins have in fractions but the same returns can be made in a day or two by simply trading with the swing price movement.

Actually, this is true in most PoS coins. Like for example, I am staking some coins now one is already in the exchange and the other one is not, and I guess it will be miracle if the last one will hit the exchange. So I stopped the last one as I have no hope for that anymore, wasted resources. But the other one, I don't know if I can get profit out of it. Staking really depends on the coin's development. It is not how much you are getting everyday, but the real devt behind it. Because without devt, they will not attain good value in the market.

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April 02, 2020, 07:05:41 PM
 #17

In case you are late to this party and don’t yet know what staking is, staking is essentially the hoarding of cryptocurrencies. It's when individuals hold their crypto assets in wallets rather than using them for transactions. While this may sound counterintuitive, it appears to be the next step for crypto, and it is becoming increasingly more popular.

Yes you are right there. Staking is hoarding of coins. But if coins you are hoarding have no use case beside giving staking reward to owners, then that is a classical ponzi to me.

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vycl87
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April 02, 2020, 07:34:14 PM
 #18

I used to use staking apps and wallets of those coins. But one day I noticed that the beings I had were scattered in many different places. I was stake at least 10 different coins somehow.

I also noticed that the rewards that come with staking don't cost a lot of money. Then, I chose to reduce the number of coins I stake and use soft-staking methods, as in Kucoin.
(In addition, XTZ, ATOM and TRX staking in the Trust wallet can be used very easily.)
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April 02, 2020, 07:44:19 PM
 #19

no. I do not do this. I choose the option of trading. but you can also use Landing on a Binance. Staking for me is a very small percentage, and it’s better to sell your assets all the right time and not keep them frozen for a long time


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April 02, 2020, 10:44:36 PM
 #20

Staking altcoins have seen a great interest by the majority of the long term investors. Even some exchanges sent a dozen mails for joining their XTZ staking contest but the conditions are not good for the small investors. Cex.io even has the staking feature but I don't think POS coins will be valuable due to the inflation.

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