Crypto Currency - Believers Only
Good thread about what likely really happened with Musk and bitcoin:
- Edited
LT42 Staking is similar to depositing into a savings account and earning interest, but in this case you stake the coins and earn a yield from it. There are numerous smart contracts where you can stake coins, exchanges such as binance also allow staking. One thing to remember is that the yield is variable so can go up and down and is not fixed. Typically some coins offer yields of 100%+ but as more people enter the staking contract the yield reduces.
LT42 Did mention pluto? That may be my stake pool lol.
Staking is how Proof of Stake consensus protocol works, unlike Proof of Work which Bitcoin/Ethereum uses.
Instead of trying to solve cryptographic puzzles to be selected to add the next block to the chain, slots are assigned based on the amount of stake a node has…a lottery in effect. Every few days the lottery is carried out and then those nodes are allocated a slot (point in time) to add the next block with all the transactions which have just occured.
That is it in a nutshell….worth reading more into…or checking out my pluto website?! ;-)
https://www.bbc.com/news/uk-england-sussex-57102038
This lady is a teacher the future generations of this country, hope its not maths!
Buy the dips!
I’m long on MEMECOINS
To the MOOOOON
I’m loving all the dorky bastards shouting this shit
LT42 Quite amusing on Reddit. Mad bastards trading on margin, loading up on debt. We know what’s coming.
It’s fairly cultish from what I’ve seen, fellas ripping each other apart for joining the other side etc.
Once I’m approved on the app I’ll go mental and spend half my earnings I reckon, much better than being on Paddy Power imo. I have the mrs driven mad getting her to buy and sell on her profile. She thinks I’ve lost the plot, maybe I have.