What is Proof of Stake? - Earn Passive Income with Staking

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99Bitcoins

99Bitcoins

Күн бұрын

Пікірлер: 1 000
@99Bitcoins
@99Bitcoins 3 жыл бұрын
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
@ezechukwuokebalama1267
@ezechukwuokebalama1267 3 жыл бұрын
Make a video on how to trade crypto on exchange practically
@ezechukwuokebalama1267
@ezechukwuokebalama1267 3 жыл бұрын
Make a video on how to trade crypto on exchange practically
@hiddenfactstoday
@hiddenfactstoday 3 жыл бұрын
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
@macrinajoseph586
@macrinajoseph586 3 жыл бұрын
@Investwithmichael
@jonitalia6748
@jonitalia6748 3 жыл бұрын
U the man brosef
@muiz4159
@muiz4159 Жыл бұрын
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
@99Bitcoins
@99Bitcoins Жыл бұрын
Thank you for your kind words!
@labaguette2728
@labaguette2728 3 жыл бұрын
32 ETH. Yikes. As if I had $130k laying around
@stephenmcallister2169
@stephenmcallister2169 3 жыл бұрын
i do
@labaguette2728
@labaguette2728 3 жыл бұрын
@@stephenmcallister2169 well that's probably because you've made better decisions in life
@quentinsylwester635
@quentinsylwester635 3 жыл бұрын
When this video came out i remember it was a big deal eth was crossing the $1000 mark lol
@sameershah141
@sameershah141 3 жыл бұрын
Keep editing the comment as the prices rise! 😂
@labaguette2728
@labaguette2728 3 жыл бұрын
@@sameershah141 For sure. Although I'm bought in now, so the price will probably keep dropping 😄
@bashfakosh849
@bashfakosh849 3 жыл бұрын
This is the best KZbin channel.. Thank you
@shedrackmoses1278
@shedrackmoses1278 3 жыл бұрын
+12138070021
@drawwithbeektor6329
@drawwithbeektor6329 3 жыл бұрын
I got 99 coins but a bit ain’t one. 🙌🏽
@amy9tn926
@amy9tn926 3 жыл бұрын
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.
@smz3610
@smz3610 3 жыл бұрын
I was searching about staking and voilah!! Video uploaded 1 hour prior!😁 Thank you Nate!
@danielstone9404
@danielstone9404 3 жыл бұрын
I love it when those things happen, I'd put on a lottery ticket if I were you at the moment.
@juanitomadeithappen
@juanitomadeithappen 3 жыл бұрын
same here
@bakerbrown6
@bakerbrown6 3 жыл бұрын
Me too! I’m reading a book and it talks about it. But I wasn’t able to grasp it very well
@thomaseric3057
@thomaseric3057 3 жыл бұрын
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@hiddenfactstoday
@hiddenfactstoday 3 жыл бұрын
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.
@Jumpernot
@Jumpernot 3 жыл бұрын
I'm so happy there was no mention of etoro in this video, hope you dropped them as a sponsor guys they are bad people. Your channel is great :)
@kiwi123467
@kiwi123467 3 жыл бұрын
Agree their spread are huge too hard to trade profitably if they take 5/:
@KA-sx3sc
@KA-sx3sc 3 жыл бұрын
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.
@LynxStarAuto
@LynxStarAuto 3 жыл бұрын
Welcome to the real world bud.
@danieljoseph9439
@danieljoseph9439 3 жыл бұрын
Take a loan out just like most rich did. Most rich folks aren't born into it, they took risks.. risks that you're clearly not willing to take.
@defiresearchers
@defiresearchers 3 жыл бұрын
Thank you for clarifying what proof of work > mining and proof of stake > staking (validator node or service provider).
@hashpuppy5330
@hashpuppy5330 2 жыл бұрын
ProofofWork is sybill protection not consensus mechanism.
@hairystyles4212
@hairystyles4212 3 жыл бұрын
dude your channel is perfect, I send all your vids to people asking me stuff about crypto because by default I explain it in alien language
@johndean1281
@johndean1281 3 жыл бұрын
THE RICH GET RICHER BY SPENDING LIKE THE POOR AND INVESTING AND THE POOR GET POORER BY SPENDING LIKE THE RICH AND NOT INVESTING
@brokeindio5072
@brokeindio5072 3 жыл бұрын
"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.
@zealdmv3314
@zealdmv3314 3 жыл бұрын
​@@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
@brokeindio5072
@brokeindio5072 3 жыл бұрын
@@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.
@zealdmv3314
@zealdmv3314 3 жыл бұрын
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
@ikevini8323
@ikevini8323 3 жыл бұрын
@@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.
@jkuntz67
@jkuntz67 3 жыл бұрын
One of the best Channel i encounter about the crypto topic as a beginner Bravo
@sazzyoriakhi5457
@sazzyoriakhi5457 3 жыл бұрын
Same here and it's been an amazing journey,
@Citizen_X.
@Citizen_X. 3 жыл бұрын
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.
@michaelblosser5277
@michaelblosser5277 2 жыл бұрын
He is horrendously confusing and muddies the water with unanswered questions.
@nathanielcradle-yourrichfriend
@nathanielcradle-yourrichfriend 3 жыл бұрын
Staked baby! Earning 6% APR on money that I don’t plan on using for a while. Ethereum 🚀 🌚
@clydealmeida2052
@clydealmeida2052 3 жыл бұрын
Hi can u tell me what site is best to use for staking?
@tylerdurdennn2654
@tylerdurdennn2654 3 жыл бұрын
Hey man what if the price increases by 10x for ETH ?
@nathanielcradle-yourrichfriend
@nathanielcradle-yourrichfriend 3 жыл бұрын
@@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
@DocLunks 3 жыл бұрын
@@clydealmeida2052 Coinbase mobile app is very user friendly and allows staking of ETH and ATOM.
@clydealmeida2052
@clydealmeida2052 3 жыл бұрын
@@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?
@josethemacho
@josethemacho 3 жыл бұрын
I am making the necessary calculation in my head and I get rewarded with bitcoins, no need for a computer. Sometimes I use a pen and paper.
@mullygully1510
@mullygully1510 3 жыл бұрын
Radical!
@__-tz6xx
@__-tz6xx 3 жыл бұрын
I staked my first Cardano this morning.
@Ivansthename
@Ivansthename 3 жыл бұрын
On what? Daedalus?
@alves-inwl7423
@alves-inwl7423 3 жыл бұрын
Where can i stake cardano ?
@Ivansthename
@Ivansthename 3 жыл бұрын
@@alves-inwl7423 Daedalus and Yorio and maybe others now.
@jorgealvarado3512
@jorgealvarado3512 3 жыл бұрын
I stake my ADA Cardano on the exodus wallet and the APY fluctuates between 7.00%-8.00%
@bperez8656
@bperez8656 3 жыл бұрын
@@jorgealvarado3512 7-8% annually? Or does it compound more frequently than that??
@BuildingCenter
@BuildingCenter 3 жыл бұрын
Who thought “forge” is an appropriate term for generating blocks in a trust-free environment?
@OPIXdotWORLD
@OPIXdotWORLD 3 жыл бұрын
yep...me too...very appropriate..!!!
@jerelrobinson3762
@jerelrobinson3762 3 жыл бұрын
Thats a great question!
@TheB4mvfreak
@TheB4mvfreak 3 жыл бұрын
Forge also means to create, as in forged metal.
@Ivansthename
@Ivansthename 3 жыл бұрын
@@TheB4mvfreak Thank you. That should be the most common way to see that word but apparently is not.
@murdercloak7578
@murdercloak7578 3 жыл бұрын
Forge doesn’t mean “to counterfeit” it means “to make”.
@MsEvaonAir
@MsEvaonAir 3 жыл бұрын
I love how your videos are clear and no longer than they need to be. :)
@jasong6967
@jasong6967 2 жыл бұрын
Screw staking. Just HODL and forget you even have it
@ericaphabio4432
@ericaphabio4432 2 жыл бұрын
Do u recommend staking new altcoins with growth potential like HDX or staking popular coins like BNB and ETH?
@99Bitcoins
@99Bitcoins Жыл бұрын
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.
@jaygrey5926
@jaygrey5926 2 жыл бұрын
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
@dukefrancis8442
@dukefrancis8442 2 жыл бұрын
Crypto trading is very profitable when you trade well or seek a professional help
@franceskyle2033
@franceskyle2033 2 жыл бұрын
Exactly, at the moment bitcoin is the best and profitable coin to buy and invest in if you have wisdom
@efexzium
@efexzium 2 жыл бұрын
Best crypto tutorials channel
@stevewhite791
@stevewhite791 3 жыл бұрын
Complex and super helpful, I'm getting a grasp on proof of stake. Thank you.
@avsheshchopra3655
@avsheshchopra3655 2 жыл бұрын
it is all well explained, I want to know, do you any companies who run validator as service
@JPeezy789
@JPeezy789 3 жыл бұрын
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.
@geraldjohn4526
@geraldjohn4526 3 жыл бұрын
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.
@ryancameron6299
@ryancameron6299 3 жыл бұрын
Algorand lets you stake 7.5% by just having 1 ALGO in the algo-wallet. 6% on Coinbase. Algorand also has the best technology currently available.
@pete-gaybrown4464
@pete-gaybrown4464 3 жыл бұрын
So is that % monthly or yearly?
@alexnenov8827
@alexnenov8827 3 жыл бұрын
The concept you put up is so well explained, I do not get bored listening and I can understand. Simply well done!
@hujaifaali5706
@hujaifaali5706 2 жыл бұрын
I like your video. Brilliant an very unique idea.Thanks for sharing this valuable video.
@larzulrich199
@larzulrich199 3 жыл бұрын
i love this channel and how well everything is explained!!! AMAZING
@PînnedbyBiaheza-z5y
@PînnedbyBiaheza-z5y 3 жыл бұрын
Thanks for your understanding
@mifeke6149
@mifeke6149 3 жыл бұрын
He said these videos break down topics and translate them into plain English. From this video I now know that I don't understand plain English.
@grind75hoursaweekjusttoget48
@grind75hoursaweekjusttoget48 3 жыл бұрын
I thought i was the only one. This guy rambles about a bunch of non sense without showing a step by step guide
@UntilNextime
@UntilNextime 3 жыл бұрын
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.
@aenima1
@aenima1 3 жыл бұрын
You have the perfect voice and cadence for this!! Thank you
@santiagocarreno5881
@santiagocarreno5881 2 жыл бұрын
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.
@MiguelPerez-mn2vr
@MiguelPerez-mn2vr 3 жыл бұрын
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
@annetteveronica157
@annetteveronica157 2 жыл бұрын
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere??
@racerx4evr
@racerx4evr 3 жыл бұрын
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.
@theresaruiz7911
@theresaruiz7911 3 жыл бұрын
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
@etorojahjames4608
@etorojahjames4608 3 жыл бұрын
Cryptocurrency has stand out to be one the most excelling trade online
@etorojahjames4608
@etorojahjames4608 3 жыл бұрын
Getting in contact with a legit broker is the major problem every one are facing
@rudyardloris5384
@rudyardloris5384 3 жыл бұрын
@@etorojahjames4608 I have fallen into the hands of scammers twice
@rudyardloris5384
@rudyardloris5384 3 жыл бұрын
Many people today in the world are poor because of ignorant
@graysonjaxon6038
@graysonjaxon6038 3 жыл бұрын
@@rudyardloris5384 There are still experts that are really trust worthy
@riggkellsie3699
@riggkellsie3699 3 жыл бұрын
Many brokers has really made firm for them self I invested $10,000 and earned over $70,000 in an interval of 7days
@diosboss3854
@diosboss3854 3 жыл бұрын
When u stake your crypto will you gain money if the market goes up ?
@annetteveronica157
@annetteveronica157 2 жыл бұрын
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere???
@tristand.3164
@tristand.3164 3 жыл бұрын
All this talk about stake ended up sounding like steak and now I'm hungry... lmao
@investopads.9823
@investopads.9823 3 жыл бұрын
care for Bitcon investment tips for good returns?
@hysterlife7854
@hysterlife7854 3 жыл бұрын
Give a man a steak he eats once, teach a man how to stake he eats forever!!
@mnaga9625
@mnaga9625 3 жыл бұрын
@@hysterlife7854 nice
@Nqo19
@Nqo19 3 жыл бұрын
You are truly a blessing in the crypto space. I finally understand what staking is all about. Thank you!
@LivingWithTheGuzmans
@LivingWithTheGuzmans 3 жыл бұрын
Thanks
@investopads.9823
@investopads.9823 3 жыл бұрын
care for Bitcon investment tips for good returns?
@kovikaffee
@kovikaffee Жыл бұрын
What is the difference between forging a block or get to update the ledger from mining?
@99Bitcoins
@99Bitcoins Жыл бұрын
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.
@MichaelOliverSW
@MichaelOliverSW 3 жыл бұрын
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?
@salaudeenolalekan4001
@salaudeenolalekan4001 Жыл бұрын
Good job. Thank you for your education. Is staking the same as delegating?. And how is staking different from liquidity pool
@99Bitcoins
@99Bitcoins Жыл бұрын
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.
@it6970
@it6970 3 жыл бұрын
I'm about to subscribe! You just broke down so many things I've been trying to understand in so little time. Thank you!!
@aspiringadventurer7410
@aspiringadventurer7410 3 жыл бұрын
The more I learn about crypto the more I see it’s value. Wish I learnt this a couple of years ago but better late than never.
@megalomaniac7972
@megalomaniac7972 2 жыл бұрын
funny, I feel the exact opposite.
@redcapote4760
@redcapote4760 3 жыл бұрын
I remember the good old days before we had cell phones. Things were simpler, people were kinder.
@יהלומהרובין
@יהלומהרובין 3 жыл бұрын
Those days are long gone We dont need to die to go to hell anymore
@BradleyCTurner
@BradleyCTurner 3 жыл бұрын
People werent kinder, you were just exposed to less of them.
@redcapote4760
@redcapote4760 3 жыл бұрын
@@BradleyCTurner Sorry, Brad. People were kinder.
@sophiaamelia3395
@sophiaamelia3395 3 жыл бұрын
Crypto is the best place to invest, you keep giving me inspiration to invest in crypto and forex trading thanks for this video 👍
@gw2502
@gw2502 3 жыл бұрын
32 ETH? That coin is like $1650 right now
@amrak7425
@amrak7425 3 жыл бұрын
You can get a few people to stake with you and lower the eth amount of your contribution
@FectacularSpail
@FectacularSpail 3 жыл бұрын
It broke $2k today, 32 ETH is over $64k now.
@xSmuckerZxJelly
@xSmuckerZxJelly 3 жыл бұрын
3.7k today lol better get in sooner than later
@musaaminu5402
@musaaminu5402 3 жыл бұрын
Staking is an interesting way to earn passive income, I’m holding $FIS. Instead of just holding, I’m staking em to earn more $FIS.
@kenindenver1
@kenindenver1 3 жыл бұрын
Thanks, that was really informative and in a concise 9 minutes!
@cryptocasey.2524
@cryptocasey.2524 3 жыл бұрын
you are welcome.
@mrballoonpimp
@mrballoonpimp 3 жыл бұрын
What happens to block chains if people STOP mining? Does the crypto just die or stall? It seems without miners the system won't work.
@monicajames6871
@monicajames6871 3 жыл бұрын
To know more about Bitcoin contact madam Rita for your investment and trading
@bestwirewire9327
@bestwirewire9327 3 жыл бұрын
Madam how can i invest
@jamesdozier4067
@jamesdozier4067 3 жыл бұрын
It was successful
@ritawatkins49
@ritawatkins49 3 жыл бұрын
How can i invest in this
@tombarry9054
@tombarry9054 3 жыл бұрын
How can i do this am interested
@pamelanewton4083
@pamelanewton4083 3 жыл бұрын
Madam Rita is an expert she did this for me
@yanzhenchen9030
@yanzhenchen9030 2 жыл бұрын
Thanks a lot for this informative video. Will validators get block rewards in POS or it is just the transaction fee?
@tracysellman1562
@tracysellman1562 3 жыл бұрын
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.
@investopads.9823
@investopads.9823 3 жыл бұрын
Are you interested in getting info for better crypto gains
@annwhite643
@annwhite643 3 жыл бұрын
@@investopads.9823 9jbj
@BurningPinguin
@BurningPinguin 3 жыл бұрын
Staking with cardano is so much easier. The way smart contracts are being done, is also a lot better than etherium.
@mantis_monk
@mantis_monk 3 жыл бұрын
Great video. You did a great job of clarifying what staking actually means...
@BM_Holdings
@BM_Holdings 3 жыл бұрын
Outstanding video. Fantastic job of breaking down the complex into a non-intimidating format. New subscriber here.
@DVSLOVEMUSIC
@DVSLOVEMUSIC 3 жыл бұрын
When I'm old in a home, some other old dude will be bragging about how he made his fortune doing this.
@Capitamerc
@Capitamerc 3 жыл бұрын
He probably wouldn’t be in a home lol private nurse status
@taketheredpill1452
@taketheredpill1452 2 жыл бұрын
well done. I learned a ton
@karangadgil9847
@karangadgil9847 3 жыл бұрын
your explanations are absolutely clean and easy to comprehend!
@TOTLE929
@TOTLE929 3 жыл бұрын
after watching this.. i was like.. ok what is staking again? 😂😂
@b.lemire7453
@b.lemire7453 3 жыл бұрын
32 ETH @ $1,200/Eth (as of this writing) means you need to put up $38,400 just to be considered for a node?!?
@chriskantai2351
@chriskantai2351 3 жыл бұрын
Cardano doesn't have a minimum stake amount
@klemenkovacic9109
@klemenkovacic9109 3 жыл бұрын
it seems crazy i know... the system that benefits the rich i guess...
@kezza10mail
@kezza10mail 3 жыл бұрын
@@chriskantai2351 it does on binance, it's 5000
@chriskantai2351
@chriskantai2351 3 жыл бұрын
@@kezza10mail I would recommend staking to a stake pool rather than a centralized exchange
@kezza10mail
@kezza10mail 3 жыл бұрын
@@chriskantai2351 any suggestions ? trying to keep it all nice, neat and secure. cheers
@feisman1386
@feisman1386 3 жыл бұрын
Thanks for all the good information
@samteejaykay
@samteejaykay 3 жыл бұрын
The only problem with this channel is that the background is so bloody white and bright.....
@leannhocuspocus4810
@leannhocuspocus4810 3 жыл бұрын
@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?
@cassandrasalvador7273
@cassandrasalvador7273 3 жыл бұрын
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 KZbin presentors about STAKING, it seems that the these 2 terminologies and the mechanics are the same. Any thoughts?
@fahimimtiaz2153
@fahimimtiaz2153 3 жыл бұрын
If this man had a course, I would definitely buy it
@fahimimtiaz2153
@fahimimtiaz2153 3 жыл бұрын
@@BitCoins-qd9ee sure, how?
@magnusmillenvik1970
@magnusmillenvik1970 3 жыл бұрын
This was without doubt the best and most informative video on this topic I ever saw. Fantastic explanation
@VictorLopez-ot5su
@VictorLopez-ot5su 3 жыл бұрын
Nice way to explain things, cristal clear, subscribing...
@annetteveronica157
@annetteveronica157 2 жыл бұрын
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere??
@THEHADIDA
@THEHADIDA 3 жыл бұрын
Who pays for the staking rewards? I.e. where does that ETH come from?
@BradCagle
@BradCagle 3 жыл бұрын
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.
@mandeepsingh-jh8mk
@mandeepsingh-jh8mk 3 жыл бұрын
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.
@adriansrfr
@adriansrfr 3 жыл бұрын
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.
@THEHADIDA
@THEHADIDA 3 жыл бұрын
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)
@Wildboy789789
@Wildboy789789 3 жыл бұрын
Its just like mining, your coins mine brand new coins
@savedone9636
@savedone9636 3 жыл бұрын
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......
@investopads.9823
@investopads.9823 3 жыл бұрын
Are you interested in getting info for better crypto gains
@savedone9636
@savedone9636 3 жыл бұрын
@@investopads.9823 nope!!!
@shashankkaveti6894
@shashankkaveti6894 3 жыл бұрын
Can you explain the tax implications of staking? I heard that you have to pay taxes on the amount you’ve earned through staking.
@investopads.9823
@investopads.9823 3 жыл бұрын
Are you interested in getting info for better crypto gains
@jeffs.8970
@jeffs.8970 3 жыл бұрын
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 ???
@zackfrank7833
@zackfrank7833 3 жыл бұрын
Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current riseFor real it's very profitable
@ericannabelle230
@ericannabelle230 3 жыл бұрын
How does this whole bitcoin thing work, I'm interested in it and I'm willing and ready to invest heavily in it but I'm gonna need an assistant from any trusted and productive professional
@jellyhouse6886
@jellyhouse6886 3 жыл бұрын
You don't really need someone to tell you how to invest your coins, you can make research on your own and also try doing it yourself first.
@rejoicekevin2649
@rejoicekevin2649 3 жыл бұрын
I will recommend frank Trading Services for you their strategies is working for me at the moment and making good profit from bitcoin trading
@kceevillason447
@kceevillason447 3 жыл бұрын
Haha you don't have to be surprised frank Trading Services are really good and everyone loves genuine services, they've helped me recover what I lost trying to trade on my own
@crystalmanis9874
@crystalmanis9874 3 жыл бұрын
Same here it's four months now I started investing with them and it's been a good experience
@aregli
@aregli 2 жыл бұрын
Really good video. Thx!
@chrisrosenkreuz23
@chrisrosenkreuz23 3 жыл бұрын
thanks for the info, you are very well spoken. so much so that I can watch it at 2x speed and all the info comes out clear and concise
@PînnedbyBiaheza-z5y
@PînnedbyBiaheza-z5y 3 жыл бұрын
Thanks for understanding you can also invest on crypto platforms and earn a lot per day
@chrisrosenkreuz23
@chrisrosenkreuz23 3 жыл бұрын
@@PînnedbyBiaheza-z5y I've reported your account for investment fraud, just thought you should know
@JorDef
@JorDef 3 жыл бұрын
ETH staking´s not meant to benefit the avarage crypto enthusiast. It´s meant to make the rich even more rich. Proof of Work and mining´s still the best method
@gren509
@gren509 3 жыл бұрын
Brilliant and so well explained - thanks again.
@kcguy8864
@kcguy8864 3 жыл бұрын
Coinbase says on their app: "No Minimums Staking on your own requires 32 ETH, but we let you stake any amount. We also guarantee your ETH will be safe if our staking service has any issues."
@sazzyoriakhi5457
@sazzyoriakhi5457 3 жыл бұрын
Nate explains complex subjects so effortlessly, I'm so glad I had the opportunity of stumbling on this channel... Thank You for the great job Yo doing
@sazzyoriakhi5457
@sazzyoriakhi5457 3 жыл бұрын
@99Bitcoins I'd very much appreciate such gesture, please share.
@hasoonnine
@hasoonnine 3 жыл бұрын
@@sazzyoriakhi5457 don't fall for it its a scam account
@sazzyoriakhi5457
@sazzyoriakhi5457 3 жыл бұрын
@@hasoonnine Thank Man I already noticed... Stupid idiots coming under every channel to prey on people, newbies especially!
@hasoonnine
@hasoonnine 3 жыл бұрын
@@sazzyoriakhi5457 they are absolutely everywhere, dont know how they do it
@ianboard3555
@ianboard3555 3 жыл бұрын
So what prevents entities with effectively infinite resources (eg a central bank) from simply taking over?
@diamondautomotiveco.6142
@diamondautomotiveco.6142 3 жыл бұрын
never give your keys to anyone ever lol
@TheCryptoBook
@TheCryptoBook Жыл бұрын
well explained thanks!
@99Bitcoins
@99Bitcoins Жыл бұрын
You're welcome! I'm glad to hear that my explanation was helpful to you.
@petervandeburgt7414
@petervandeburgt7414 3 жыл бұрын
Good job, and good bloopers too!
@koki8407
@koki8407 2 жыл бұрын
32 eth as collateral?? So I need 100k before I can stake etherium?
@DagolarFly
@DagolarFly 3 жыл бұрын
Loving the presentations, Nate Martin. Learning a lot quickly. Please keep it up.
@annetteveronica157
@annetteveronica157 2 жыл бұрын
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?!!!
@DagolarFly
@DagolarFly 2 жыл бұрын
@@annetteveronica157 Suggested friend list....where?
@coscraj
@coscraj 3 жыл бұрын
Staking will only help to level the inflation it will give u passive income.
@gabemasgametv
@gabemasgametv 3 жыл бұрын
Wow. Rly love all the explanation. Now I´m feeling ready to stack some coins.
@skinneyjesus1550
@skinneyjesus1550 3 жыл бұрын
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
@gabemasgametv
@gabemasgametv 3 жыл бұрын
@@skinneyjesus1550 I was reading other stuff about it and I saw that some people are doing both, mining and stacking
@MrDopeContent
@MrDopeContent 2 жыл бұрын
Drip Network is the King of Defi staking
@TheBipin819
@TheBipin819 3 жыл бұрын
Excellent as always you’re saving lot of time for us & guiding us in right direction. Please keep it up.
@Freddie_Dunning-Kruger_Jr.
@Freddie_Dunning-Kruger_Jr. 3 жыл бұрын
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?
@marygrace9117
@marygrace9117 3 жыл бұрын
You are amazing, thank you for all that you do in making our Bitcoin journey a little bit easier to navigate x
@pramodgeorgehq
@pramodgeorgehq 2 жыл бұрын
So we're back to the rich becoming richer! 🙌🏼
@lawrencer25
@lawrencer25 2 жыл бұрын
Nothing wrong with that 🤗🤗🤗🥂🕺🏽
@GeoGemIJewellers
@GeoGemIJewellers 3 жыл бұрын
Thank you for an easy to understand explanation of all of this.
@lizzet5566
@lizzet5566 3 жыл бұрын
I'm excited to see a world where currency is fully decentralized
@annetteveronica157
@annetteveronica157 2 жыл бұрын
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere??
@lizzet5566
@lizzet5566 2 жыл бұрын
@@annetteveronica157 I'm quite not sure also.
@richardcarter2762
@richardcarter2762 Жыл бұрын
Hello, I'm new to Biticon trade and I've been making losses but recently I see a lot of people earning from it. Please can someone tell me what I'm doing wrong
@cryptooutlaw369
@cryptooutlaw369 2 жыл бұрын
That was a great explanation. Thank you!
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