> You give your money over to another organization, and that organization promises a % yield / APY in return. Coinbase is not promising a yield. It would be il

> You give your money over to another organization, and that organization promises a % yield / APY in return. Coinbase is not promising a yield. It would be illegal for them to do so. They are advertising the current market rate defined by the token's network. That rate incentivizes stakers. It is defined in code. If too many people are staking on, for example Ethereum, the network would lower the rate automatically. Just as they are doing, you could stake the tokens yourself with your own hardware/connectivity, or use hosted resources (e.g. AWS). > You aren't allowed the money back until later. The yield is paid out according to a defined schedule. Unstaking is possible on some hosted platforms (e.g. Coinbase) even if the network doesn't allow it, but there is usually a penalty. > "no true Scotsman" fallacy It's nothing to do with it. I haven't made any qualitative judgements on which network is a "true" staking mechanism. This article describes the confusion caused by some token networks: https://cobie.substack.com/p/apecoin-and-the-death-of-staking https://cobie.substack.com/p/apecoin-and-the-death-of-stakin... "Somehow, over time, the word ‘staking’ has been repurposed and redefined. Instead of receiving rewards for contributing to chain security with collateral at stake, modern “staking” just seems to mean idk we give you more coins as a reward if you don’t sell your current coins lol." > If those guys call it staking I don't know which "guys" you're referring to. Different networks treat it differently. That's all. It's a designed mechanism. The Ethereum devs have no say in how the Solana devs implement staking. Platforms then just provide a hosting service. I've only provided facts. I don't personal do any staking, or encourage others to do it. Seems you are only interested in arguing, and prefer to not understand reality. Good luck on your crusade!