It is about exchanges taking over the blockchain governance process. Exchanges do not need to have tokens staked but they do it because they get rewards the way our witnesses do. They are essentially stealing money, they only are supposed to buy and sell tokens to people, instead they are holding witness spots, and can reject changes in what we decide for our governance.
Let's see if the google translate to German helps, I do not speak German at all so please forgive me. You speak German from what I remember, yes?
Es geht um den Austausch, der den Blockchain-Governance-Prozess übernimmt. Beim Austausch müssen keine Token eingesetzt werden, aber sie tun dies, weil sie wie unsere Zeugen belohnt werden. Sie stehlen im Wesentlichen Geld, sie sollen nur Token kaufen und an Menschen verkaufen, stattdessen halten sie Zeugenplätze und können Änderungen in unserer Entscheidung für unsere Regierungsführung ablehnen.
I am not sure if you are Dutch, it seems like it from looking at your profile so here is the google translate version for Dutch, again sorry but I don't speak the language!
Het gaat over uitwisselingen die het blockchain-governanceproces overnemen. Uitwisselingen hoeven geen penningen te hebben, maar ze doen het omdat ze beloningen krijgen zoals onze getuigen. Ze stelen in wezen geld, ze mogen alleen tokens kopen en verkopen aan mensen, in plaats daarvan houden ze getuigenplaatsen vast en kunnen ze veranderingen in wat we voor ons bestuur beslissen, afwijzen.
Thank you for taking the time to explain and most of all translate. The German version made me wiser (it's better as the Dutch one). You remembered it well I am Dutch.
Once again thanks and enjoy your day. 💕
Good, I'm glad! I am more than happy to use a translator for these things. I remember seeing you did not hear of things happening before the Hive transition because no one translated it for the German community. I am sad no one did but more than willing to help out so you and others can understand it!
We shouldn't judge all exchanges equally.
But staking is a trend these days. They offer their clients a 12% annual interest. This does not look like a bad idea.
But we have been able to witness in the first row the damage it can cause to DPoS-based Blockchains.
It is not only that, but the damage caused to the entire Blockchain philosophy. The same that has benefited many since the birth of BTC.
It is a process similar to steemit powerup.
You then "give up" part of your assets to the exchange. In return, they promise to pay you annual interest.
Meanwhile the exchange can use "your assets" deposited, to upvote accounts and achieve supremacy in some DPoS-based blockchain.
It is about exchanges taking over the blockchain governance process. Exchanges do not need to have tokens staked but they do it because they get rewards the way our witnesses do. They are essentially stealing money, they only are supposed to buy and sell tokens to people, instead they are holding witness spots, and can reject changes in what we decide for our governance.
Let's see if the google translate to German helps, I do not speak German at all so please forgive me. You speak German from what I remember, yes?
Es geht um den Austausch, der den Blockchain-Governance-Prozess übernimmt. Beim Austausch müssen keine Token eingesetzt werden, aber sie tun dies, weil sie wie unsere Zeugen belohnt werden. Sie stehlen im Wesentlichen Geld, sie sollen nur Token kaufen und an Menschen verkaufen, stattdessen halten sie Zeugenplätze und können Änderungen in unserer Entscheidung für unsere Regierungsführung ablehnen.
I am not sure if you are Dutch, it seems like it from looking at your profile so here is the google translate version for Dutch, again sorry but I don't speak the language!
Het gaat over uitwisselingen die het blockchain-governanceproces overnemen. Uitwisselingen hoeven geen penningen te hebben, maar ze doen het omdat ze beloningen krijgen zoals onze getuigen. Ze stelen in wezen geld, ze mogen alleen tokens kopen en verkopen aan mensen, in plaats daarvan houden ze getuigenplaatsen vast en kunnen ze veranderingen in wat we voor ons bestuur beslissen, afwijzen.
Thank you for taking the time to explain and most of all translate. The German version made me wiser (it's better as the Dutch one). You remembered it well I am Dutch.
Once again thanks and enjoy your day. 💕
Good, I'm glad! I am more than happy to use a translator for these things. I remember seeing you did not hear of things happening before the Hive transition because no one translated it for the German community. I am sad no one did but more than willing to help out so you and others can understand it!
Enjoy your day as well!
Yes,it's a problem if no one helps to translate especially if it comes to not easy to understand subjects. Thanks again. I wish you a great day.
Never use stakings on exchanges.
I only stake in Coinbase, the Tezos. Maybe I'll actually look at their product and stake on themselves rather than use Coinbase.
We shouldn't judge all exchanges equally.
But staking is a trend these days. They offer their clients a 12% annual interest. This does not look like a bad idea.
But we have been able to witness in the first row the damage it can cause to DPoS-based Blockchains.
It is not only that, but the damage caused to the entire Blockchain philosophy. The same that has benefited many since the birth of BTC.
What does "stakings" mean?
I only use Bitvavo.
It is a process similar to steemit powerup.
You then "give up" part of your assets to the exchange. In return, they promise to pay you annual interest.
Meanwhile the exchange can use "your assets" deposited, to upvote accounts and achieve supremacy in some DPoS-based blockchain.
Okay thanks now I understand.