People are excited by the dream of ‘staking’ (making money from no work) when really it…

1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (3795) · September 4, 2019

People are excited by the dream of ‘staking’ (making money from no work) when really it will just have the same consequences as a network which promotes hodling.

I can’t see it benefitting the immediate need of increasing transactional volume.

Replies

1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (204) · September 4, 2019

Stacking takes work. Winners work hard.

1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (204) · September 4, 2019

Staking creates bag holders for the bears at top to sell at best price.

1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (3795) · September 4, 2019

Ethereum for example. People are so excited by the potential of staking that they emotionally force themselves to believe the network will succeed.

But these people aren’t looking to USE Ethereum, just hodl it for more.