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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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52784651 No.52784651 [Reply] [Original]

What kind of bullshit is this? Eth 2.0 has been out for months, you could stake even before the official move to PoS, but unstaking still hasn't been built yet? Isn't that ass-backwards? And why would you check gate people and allow unstaking in the future only certain groups at a time? Does this sound crazy to anyone else?

>> No.52784680

No refunds

>> No.52784681

>>52784651
Wait wtf, why is it 10% and link is 5%?

>> No.52784692

>>52784680
this
and thanks for playing :)

>> No.52784766

>>52784681
lmao get rekt

>> No.52784776

>>52784651
>check gate people and allow unstaking in the future only certain groups at a time
I LOVE DECENTRALIZATION!!

>> No.52784845

Kek, it has a built in HODL MODE.

>> No.52784920
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52784920

Thanks for playing

>> No.52784928

>>52784766
>>52784692
It's ok, luckily this is just a shit post and I don't hold any eth. Felt good dumping on people for the last year and a half though.

>> No.52784931

>>52784920
Holy shit.

Someone please kick this guys ass.

>> No.52784932

>>52784651
Why would they give you a high APR when you can unstake at any time?

>> No.52784945

>>52784651
so real staking operates in exactly the dumb way you described
but this financial product you're looking at is not real staking, it's locking up your crypto IOU and lending it out to the exchange for a 120 day period

>> No.52784954

>>52784945
So wait, the scammy exchange product is better than the actual thing? How are exchanges not insolvent if they are accepting withdrawals but can't withdraw themselves?

>> No.52784977

>>52784954
because most of it isn't really being staked at all, it's being lent out internally (margin and leverage) and to third parties

>> No.52784987

>>52784977
margin and futures*

>> No.52784999

>>52784651
You realise you're literally just paying for their product. There is no decentralization in this what so ever. Sure the tech may be decentralized, but until Vitalik and his goons stop doing this shit it's no better than an SQL database.

>> No.52785017

>>52784651
You have read the terms and EULA!

>> No.52785320 [DELETED] 
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52785320

>>52784681
The less stakers the more we earn. Now you may realize why ETH is so fudded.

>> No.52785361

>>52784651
I think on binance they stated that staked ETH would be locked until the sharding is implemented. No eta.

>> No.52785395
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52785395

>>52784920
yeah stop being so selfish stakies. theres real dev work that needs to be done. theres other way more important issues. 2024 you would be lucky. you should be grateful its even being discussed.

>> No.52785434

>>52785395
Idc really. Any money put into crypto is potentially gone. It’s a gamble and should be treated as such.
Staking promises a nice reward, if we ever get to unstake. If not, it’s gone. Who cares?

>> No.52785448

>>52784651
No refunds and thanks for playing :)

>> No.52785535

Excuse me, I was informed by by biz that PoS was going to make eth moon, not put me in cuck mode for years.

>> No.52785545

>>52784920
I clearly remember them saying 12months eta after merge

>> No.52785611
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52785611

You can check out, but you can never leave

>> No.52786288

Staking is a meme from the first years of crypto and it's funny to see retards still falling for it.
>10% yield on an asset that can go -90% in a day
Thanks for playing.

>> No.52787634

>>52784999
Digits confirm

>> No.52789140

No one's talking about the flippening?
Securities Exchange Commission (ticker: SEC) will flip Ethereum (ticker:ETH) in 2024 it is hardcoded

>> No.52789255

>>52784651
Thanks for paying lmao.

>> No.52790296
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52790296

>>52784651
And this is why the SEC is gonna drop the hammer on the pedo unicorns.

>> No.52792060

i thought the eth merge already happened. you can unstake instantly on coinbase idk why binance is laging

>> No.52792082

>>52784945
Why would anyone want to do that when they can stake their stables on SpoolFi with no lockup period

>> No.52793146

>>52785535
You are not being forced, its your choice.

>> No.52793228

>>52792082
This is where I also put my USDC to work.

>> No.52793265
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52793265

>another I can't unstake my eth thread
FUDders should come up with something new at this point.