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RE: Staking Coins & Earn Interest While Having Atomic Ownership

in LeoFinance4 years ago

Staking looks like you can have the cake and eat it. It is not. There is this saying (just paraphrasing, sorry): "Either you get a high interest rate, or you get your money back". (a) you own some BTC and you are the only one who knows the private key (b) you stake your BTC (to a central or more de-centralized service and get 10% interest, (c) you use BTC to purchase (or wrap it into) ALT and stake that for say 20%. In order to go for (b) or (c) you need to know their assumptions (in addition to BTC's), attack vectors (in addition to BTC's), and operational weaknesses (in addition to BTC's). After that body of research, take your decision.

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That’s a great point you make, what I look at after the attack vectors is will I be able to earn more Satoshis than I had/purchased and invested? I’m willing to risk some of my money on looking for a higher yield in various Alts! But the majority I keep in BTC with my own keys!

Projects are also giving favourable rates now to attract users and get funds it won’t always be that attractive if they are still around In the future!

I just want ownership and to stack Sats and I’m happy! Like you say interest rate also doesn’t mean much if the coin isn’t holding its value