CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers. Stay safe 🙏🏻🙏🏻🙏🏻 👉Staking on Exchanges: - Coinbase - bit.ly/35bKkSJ - Binance - bit.ly/3b86vgq - Cex - bit.ly/3b6ofZJ - Kraken - bit.ly/3hKhIVF 👉Staking through Wallets: - Atomic Wallet: bit.ly/38XGk9D - Guarda Wallet: bit.ly/389JIis 👉Staking Pools: - Rocket Pool - bit.ly/3nbYNV4 👉Validator as a Service: - Staked.US - bit.ly/2MywO5d 👉For the complete text guide visit: bit.ly/3rRWn1i
Great video for staking! I have been using this on Cream Finance and i really love how it goes! You can make video about it too. If anyone is into Staking and Borrowing and lending, definitely worth checking out this
there are a lot of channel on youtube that explain crypo, but this is one of the best. Albert Einstein once said, If you can't explain it to a six year old, you don't understand it yourself.” you really explain thing in a simple language that, everyone listening can understand. i appreciate you
How does this whole bitcoin things works, I'm interested in it, willing and ready to invest heavily but need an assistant to properly quide me through on how to make a good startup and be successful in it without making mistakes
If only you know what the future says, you'll know that indeed crypto currency is the future, investing into it now will be the wisest thing to do. Hold!!! And you'll thanks yourself
I would consider checking out Cream Finance for staking or borrowing too. Even as crypto it has potential to grow 10x its size so you can check their project for sure.
Your videos are clear, concise and on point. I am learning a lot. We need more people like you to educate the world about crypto and its pros and cons. Thank you.
@@tylerdurdennn2654 I’m still able to buy at current level. I’ve just staked a portion of already existing ETH. For instance, I just bought more ETH yesterday.
@@DocLunks I'm having problem of verification in coinbase. I send proper natural light pictures of my id which is clear it still denies, tried with all 3 proofs. Can u help?
"The poor should invest" is one of the lies you rich fuckers always say. The system is rigged. The market is rigged against retailers. Just look at the recent GME circus. Brokers halted trading when Hedge Funds were losing billions.
@@brokeindio5072 lmao you said it yourself the system is rigged thats not the rich mans fault thats government and regulation . The poor will always point fingers
@@zealdmv3314 let me ask you. Who pays billions in bribes - i mean lobbying - to keep the mechanism in their favor? Do you live under a rock? Keep being ignorant brother.
Minecraft Nigga i know all about lobbyist that’s a government problem like i said . We shouldnt blame someone just because they’re rich i understand where your coming from but it’s jus a toxic approach
@@brokeindio5072 your always going to be poor with that mindset. And the system is not rigged it’s set fair you people just look for excuses for not putting in the work like other people do that’s why the poor are poor and the rich are rich.
Have to appreciate the craziness here. If you have $60k that you can afford to lock away for a stake you get to keep all of your profits but for everyone else you have to pay fees to participate lowering you profit potential.. so this is definitely an example of how the rich make a higher rate of return just for being rich... Doing the exact same thing is, dollar for dollar more valuable if you're already well off and to think it is an intentional decision to create a ridiculously high barrier to entry put in place by people who were able to get rich through mining... I guess now that they're in the elite class they're happy to deny others the opportunity they enjoyed.
I expected pictures to understand staking better...jejeje..but there was no need. Nate explained it well and the MOST important part to me was the speed of this voice that remain the same. Some instructors "rush technical words" and they have no idea that they lost us in those seconds/minutes.
Awesome video; the problem with the rest is that they are made from and for technological geeks so they start by explaining everything as if you already know the basic and advanced technical concepts behind.
DIVI is one of the best Proof of Stak alcohols, because it is a coin with great potential profitability, solidity is promising and its great price is the best
I want to know what the risk is. If I stake my coins, could they be lost? Is it like a bet? Do they just lose value over time because more coins are being generated? How do I make a profit from staking? If my staking pool gets the reward, do I just receive a percentage of that to my crypto wallet? or is it automatically restaked? The biggest thing I want to understand is, what are the risks associated? With PoW and mining, I just plug in my GPUs, fire up a batch file, and I'm making money - electricity cost. I don't run a large risk, imo. I get paid out the coin from the pool. The only risk I see with PoW is the fluctuation in crypto prices.
It involves holding funds in a cryptocurrency wallet to support the security and operations of a blockchain network. Simply put, staking is the act of locking cryptocurrencies to receive rewards on the appropriate expiry date . In most cases, you'll be able to stake your coins directly from your crypto wallet, such as Trust Wallet.
Holy smokes! This is my first video from this channel. SuperB explanations. So very clear; it helps out a noob like myself ALOT. I immediately subscribed! Keep up the great work.
Hi Erica, It ultimately depends on your individual investment strategy and risk tolerance. Staking new altcoins with growth potential can be a higher risk, higher reward strategy, as these coins may have less history and less adoption than more established coins like BNB and ETH. However, if you believe that a new altcoin has strong growth potential, staking it could potentially yield higher returns. On the other hand, staking more established coins like BNB and ETH may be a safer strategy, as these coins have a longer history and more widespread adoption. It is important to thoroughly research and evaluate any coin before deciding to stake it.
I am worried about the risks of my coins being stolen . Sounds like staking pools may be good, but, not if I need to reveal or give access to my private keys. Thoughts ???
This presentation set off a lightbulb for me. But learning something always means you need more answers! If mining is using computational power to guess a number, I have to ask: Where did this number come from? Who or what decides when the number has been correctly guessed? Are these all predetermined by the consensus mechanism?
@1:30 The more computing power you use the higher the chance of winning. Doesn't this mean, that in effect, the blockchain is centralized? It favors those who can afford the best computing power. @2:20 it mentions how energy intensive the process is further centralizing bitcoin. 1. The person with the most money for the best computing power wins 2. The person who can afford the most computers with the best computing power wins. 3. The person who can afford the high energy costs wins Over time, because they would have the highest probability of winning, they amass more wins and thus more bitcoins. In effect, this skews and centralizes bitcoin by favoring the rich. How is this decentralized?
Nate, that filled me up and nobody does it better when talking crypto. And your bloopers are a good laugh that reminds us you are just human and we appreciate that.
Solar Flare? I'm still not able to find a straight answer about if a solar flare happens. If you mine then you need to get it into a wallet to get it into the blockchain? Something like that? Supposedly a solar flare would not affect every single computer/server across the globe? Do you have a video about this?
Let me give some solution. I want to earn passive income. But I don't want to take interest from person like lending or borrow. So what is best solution for me in crypto market?
Nate, I love the blooper reel at the end, it just shows you are a real human being> I especially like the "Hi, I am Elmer Fud here at 99 Bitcoins" part. :) PS: good video thanks so much for what you do.
Your videos are so knowledgeable and interesting but here is one suggestion for you that please use some graphical representation or infographics in your every video to make audience more engaged and interested. ❤️❤️
When staking, is the P.A based on value, or number of coins? Example: If I stake 10 coins and it's 10% P.A would that be 10% of number of coins, or 10% of the value of the 10 coins and paid that value in that coin?
Hello very informative video thank you. My question is if you stake ethereum on coinbase do you still earn gains and losses in the market? I tried Googling the question but I don't think I'm asking it right. Thank you
OK,....so...what's the simple distinction between forging and mining??? How do I get to decide what node I'm putting my coin on?? How do you know what coins can and can not be staked?? Still confused......
Hello, I'm new to forex trade And have been making huge losses but I recently see a lot of people earning from it. Can someone please tell me what I'm doing wrong
It sounds contrary to me that on the one hand the amount of coins being staked inrease the probabilty of being allowed to forge the next block but on the other hand the system is randomized, so that nobody gets a monopoly. Well is it random now or is it not? If i had enough resources, of course this would create some sort of monopoly.
From what I understood, the staking rewards come from you, or your staking pool forging a new block. you get a percentage for the new eth coins that were minted (unlocked) from the forge. Think of forging as mining, but you wont actually be using massive compute power. Honestly this seems like a death blow to small miners to me. I run 120MH/s I don't have 32 eth to put up for this.
When someone transfer Eth to someone else, they get charged a transfer fee, otherwise known as Gas. I guess that goes to the stakerss or the validators.
Rewards are allocated by staking amount. Basically, you are getting rewarded for saving. The money comes from the algorithm, which is basically inflation. All crypto is inflationary and is the source of all rewards. It's kind of like what the government does to fiat, but instead of the state getting the inflation, you get the inflation.
I hope it is tx fees and not inflation. I have heard the reward can be up to 18% APY. If it is inflation I will just keep my money in Bitcoin rather as this would mean clearly that ETH is not a good store of value unless you stake(which honestly just starts to sound like a ponzi or MLM then)
Thank you for sharing your knowledge Nate and for all the other videos you made. I am not tech savvy but I have an interest on cryptos and just trying to find information that's easy to understand before getting into it. I've heard a presentation about "TECH ROYALTIES" and having listened to your videos and other RU-vid presentors about STAKING, it seems that the these 2 terminologies and the mechanics are the same. Any thoughts?
One thing I don't understand is the video suggest that rewards of staking are random. But other suggest the rewards issued are paid regularly. Ledger says the coins they stake issue rewards around every 3 days after a several week waiting period.
There isn't a high barrier of entry for someone to create another crypto to compete with Bitcoin's market share, so why is Bitcoin rallying so much so fast? They say Bitcoin's value comes from its scarcity; there are only 21 million Bitcoins. But you can't stop people from creating a Bitcoin2 that also only has 21 million, and another guy creates Bitcoin3, then Bitcoin4, etc. All are exactly like Bitcoin, then how can there be scarcity?
I am a little bit confused. Would not that eventually turn down the token price as more and more stakes join? it does not make sense as business model !
Yeah me too I assumed that this new system would completely destroy hopes of making consistent profit but it’s just a new system and way of doing it which I can totally dig
can anyone recommend where to stake coins ? i use binance, and it allows some coins but not a huge variation.... also, if the staking deals are "SOLD" is there anyway to be first in line when it is available ?
Are you sure that a mining entity 'guesses' the equation? I took part in an online education course (Berkley via Edx) and they said that the equations were calculated, that the equations become more & more complex as more Bitcoins are produced, and each mining node that takes part in the calculations gets a 'bit' of a coin for its efforts.
Forging a block and updating the ledger through mining are two different concepts in the context of blockchain technology. Forging a block is a specific method of adding blocks to the blockchain that is used in some networks, while mining is a more general term for the process of adding new transactions to the blockchain through computation. Mining, on the other hand, is the process of adding new transactions to the blockchain network in a decentralized manner.
So if my brain understands this correctly, does staking on exchanges carry the lowest risk for generating income with cryptocurrencies? Particularly with crypto other than ETH?
Why would staking become the new mining? Or put another way, does mining with it's heavy use of electricity cause environmentally conscious people to deride it, over a more eco friendly choice? My inquiry is based upon people (who I know) that would rather limit their carbon footprint above creature comforts and commerce. Without getting too political, I find it amusing how they are willing to live in a tiny house community (very eco friendly), ride a bike to work, etc., all the while admiring people like Al Gore and others, who jet set around the world, using more energy in one year than these people might use in a lifetime. Any opinions/insightful viewpoints?
Hi Salaudeen, In a way, yes. In some assets like Cardano, Delegation is the name of the process that makes staking possible. When you stake, you lock your money and put it to work for you. One way of staking your assets is contributing to a pool of funds to enable other people to trade - hence providing the 'liquidity pool.' I hope this helps.
