already makes me and many alike not want to stake. Isn't that a potential issue for the network?
Not in the current state of the network - all nodes are run by GC members. It only becomes an issue when there are anonymous nodes - which is years away. The progression to anonymous nodes requires enough tx revenue to support increase staking rewards. Additionally, staking on Hedera is completely risk free, so there is no reason not to stake and it only takes the click of a button in your wallet.
Thank you. Lto network is also proof of stake and the nodes are anonymous. No GC members. 80+ nodes , risk free , the transactions are nothing close to hedera and the rewards are quite juicy. Currently 8.8% apr. I don't see why the same can't be applied to hedera sooner than "years away"
How are they funding their staking rewards? Or are you just trying to shill?
Not at all. Each transaction is split between coins burned and coins rewarded to stakers.
Yes burned forever. Making it deflationary. Not going to discuss that here anymore so no one thinks I am shilling. Just wanted to get some clarity on why staking rewards are unattractive on Hedera
oh my bad thought you were referring to hedera lol
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