Quote from: Racer8 on October 30, 2020, 07:33:04 AM

Quote from: phreess on October 29, 2020, 11:07:09 PM

Quote from: tperkara on October 29, 2020, 05:00:06 PM

Quote from: phreess on October 29, 2020, 01:49:03 PM

Quote from: Racer8 on October 28, 2020, 09:36:08 PM

When fiat currency is placed in a certificate of deposit in a bank then the bank lends out that capital to create economic activity. When Hex is staked then what economic activity happens?

Nothing, and you get more tokens after they hold it for a certain time.

staking is generally to keep the network running and growing so when you deposit some money here you are helping the network itself to remain stable

Please correct me if I am wrong Grin

Staking is more to keep coin owners to sell their coins, so that there's more buyer pressure, but once the stake is off, you get more coins and suddenly, there's more sell pressure.

As I thought. A deposit into a Hex "certificate" (staking) serves no socially useful purpose.

I have participated in staking in several projects but always lost and since then I have never been interested in staking again anywhere because the risk is too big for me personally if I want to just mining