Isn'T there a risk to staking coins? You

Question

Zcash Community 🛡ᙇ

Bruce Wagner

Isn'T there a risk to staking coins? You

no longer have custody. Not your keys, not your coins.... and all that.

#blockchain #cryptocurrency #english #zec

0

21.05.2022

12 ответов

23 просмотра

Bobonla Scott

Aaron
If you’re giving up your private keys to stake you...

Do you know what it means to stake coin?

0

21.05.2022

Bobonla Scott

Aaron
If you’re giving up your private keys to stake you...

Staking your coun doesn't need you to give out your private keys, you have access to your coin anytime, you can see it and you can decide to pull out of stake. Nothing sounds like scam about that

0

21.05.2022

Aaron

Bobonla Scott
Staking your coun doesn't need you to give out you...

You misread my statement. Read it again

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21.05.2022

Steven Smith

We have a strong preference for protocol managed delegation. This essentially means you can stake and earn yield but don’t give up spend authority or governance rights on your coins.

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21.05.2022

Joerg ZH

Steven Smith
We have a strong preference for protocol managed d...

what is the required stake rate of total circulation after pos?

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22.05.2022

Zzzzzz

Steven Smith
We have a strong preference for protocol managed d...

How likely do you think it is that only Orchard(or the latest pool) will be supported after moving to POS? I think this would be a big positive

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22.05.2022

Fred Hiel

Joerg ZH
what is the required stake rate of total circulati...

For staking I think you will need a small amount as a minimum, to operate a stake pool (validator pool) you will need a certain amount, like ethereum when they established the 32 eth to run a validator node

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22.05.2022

Steven Smith

Zzzzzz
How likely do you think it is that only Orchard(or...

The feasiblity of that is being researched now, but IMO I'd say this is desirable and would simplify state transition to the PoS chain.

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22.05.2022

Steven Smith

Joerg ZH
what is the required stake rate of total circulati...

We haven't really gotten into the economic security analysis yet, so we don't have defiitive numbers.

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22.05.2022

Donkeydee

Steven Smith
We have a strong preference for protocol managed d...

Interesting. Is there any vision regarding zsa mechanism and how it could benefit zec investors who paid for the dev via the dev tax? I saw multiple options listed but a bit abstract for now... Can we get more to the point somewhere and can we vote for the mechanism?

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22.05.2022

Zzzzzz

Donkeydee
Interesting. Is there any vision regarding zsa mec...

I think there isn’t much more than the George Mason university paper at this stage. Qedit said they would look over it, I’m sure it will be increasingly discussed in the coming months and the community will have an opportunity to express their opinions. It does seem important to get the economics right

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22.05.2022

Aaron · Accepted Answer

Aaron

If you’re giving up your private keys to stake your crypto, you’re not staking your coins. You’re giving your crypto away in a scam

0

21.05.2022

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Isn'T there a risk to staking coins? You

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