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Author Topic: The Difference Between Staking and Investing  (Read 1104 times)
Zilon
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February 05, 2022, 01:01:04 PM
 #141

I like the last definition of staking locking your coin to get rewarded. It's self explained even to a layman. Outside having huge capital your active participation in validating transaction as proof of stake will be much demanding. I would rather prefer sticking to investment while I patiently wait for a rise in value.
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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February 05, 2022, 01:40:25 PM
 #142

-snip-
staking is mostly done on exchanges. because usually you can get rewards in the form of certain coins. Many exchanges do this to promote certain coins, and usually staking is done to generate profit
for the long term.
-snip-
Staking isn't done on exchanges. If you are staking in an exchange, you are actually not staking. You are lending the coins to the exchange and they stake it, not you. They just give you a small percentage of profit from the stake rewards. And haven't you noticed that exchanges even allow you to "stake" coins that aren't even PoS coins? They take your coin, use it for different purposes to generate profit and gives you a share. If you want to stake, stake using your own wallet. This will help the network you support make it more decentralized.

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February 05, 2022, 09:18:05 PM
 #143

Staking isn't done on exchanges. If you are staking in an exchange, you are actually not staking. You are lending the coins to the exchange and they stake it, not you. They just give you a small percentage of profit from the stake rewards. And haven't you noticed that exchanges even allow you to "stake" coins that aren't even PoS coins? They take your coin, use it for different purposes to generate profit and gives you a share. If you want to stake, stake using your own wallet. This will help the network you support make it more decentralized.
Staking pools are a thing nowadays when you consider how it is quite expensive for some of the staking in some coins could be expensive. Like ETH has 32 ETH start value for example, which means that not everyone can pay for it, but 32 people could get together and pay 1 ETH each and do it, or 320 people with 0.1.

So, all in all it is quite easy to decide on why some places are not that bad, it is definitely something we could see happening and it is something that people could simply just ignore if they want to, it all depends on the person. Yes, you are "lending" it to someone to stake it for you, but exchanges are great staking pools that can work for you.

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