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When you stake, you are still processing transactions and creating blocks/forming consensus similar to what mining did. This isn't really comparable to investi
by nightski 4y ago
When you stake, you are still processing transactions and creating blocks/forming consensus similar to what mining did. This isn't really comparable to investing in a security.
Just because you can join a staking pool which often takes a cut and makes it easy doesn't invalidate what is actually going on.
- BbzzbB 4y agoSending $5 to a third party pool so they stake it in your stead under the promise it remains your $5 does not make you a bank. It's more like sending $5 to Robinhood so they buy $BAC in your stead under the (legally backed up) promise it remains your $5. IMO.