Post
Topic
Board Altcoin Discussion
Re: Staking is not for Muslims
by
Teraboy
on 21/03/2021, 23:40:36 UTC
Staking in crypto is like interest in Fiat.
You lend (stake) your crypto and get reward (interest) for it.
I suggest all my Muslim brother to stay away from this new kind usury.

i'am a muslim, but i disagree with your statement buddy
seems you don't understand about staking and its compeletely different with lending,
hopefully you will try to understand more about staking and change your mind my friend

As far as i know that staking is about people are putting their coins into the network to be even more decentralized. The stakers will be the same level as miners.
The users who have been using the blockchain will be charged by the fees or commission that will be re-distributed again to the peole who have been staking their coins to help the network.
that's almost the same as dividend but in staking how much commission or divided for stakers will be based on how much token that staked in the network. I do agree with you if it's different with lending that people were putting their money to be borrowed by others.