4 ms·
I wouldn't call that similar. Mining new Bitcoin is a very competitive, risky and intense business practice. Price swings greatly affect operations and there's
by fleddr 5y ago
I wouldn't call that similar. Mining new Bitcoin is a very competitive, risky and intense business practice. Price swings greatly affect operations and there's always regulation around the corner.
Whereas staking is more like bringing fiat to the bank and collecting interest for doing nothing at all.
Still, you do have a point in the sense that if you're as wealthy as having 1,000 BTC, you have ample ways to further grow wealth. You could sell all BTC, go into real estate, take profit and buy back BTC cheaper. There's a million ways to grow your portfolio.
It's just that Bitcoin doesn't give you more Bitcoin based on wealth. Most Bitcoin held is not held by miners.