CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers. Stay safe 🙏🏻🙏🏻🙏🏻 👉Staking on Exchanges: - Coinbase - bit.ly/35bKkSJ - Binance - bit.ly/3b86vgq - Cex - bit.ly/3b6ofZJ - Kraken - bit.ly/3hKhIVF 👉Staking through Wallets: - Atomic Wallet: bit.ly/38XGk9D - Guarda Wallet: bit.ly/389JIis 👉Staking Pools: - Rocket Pool - bit.ly/3nbYNV4 👉Validator as a Service: - Staked.US - bit.ly/2MywO5d 👉For the complete text guide visit: bit.ly/3rRWn1i
Great video for staking! I have been using this on Cream Finance and i really love how it goes! You can make video about it too. If anyone is into Staking and Borrowing and lending, definitely worth checking out this
there are a lot of channel on youtube that explain crypo, but this is one of the best. Albert Einstein once said, If you can't explain it to a six year old, you don't understand it yourself.” you really explain thing in a simple language that, everyone listening can understand. i appreciate you
Have to appreciate the craziness here. If you have $60k that you can afford to lock away for a stake you get to keep all of your profits but for everyone else you have to pay fees to participate lowering you profit potential.. so this is definitely an example of how the rich make a higher rate of return just for being rich... Doing the exact same thing is, dollar for dollar more valuable if you're already well off and to think it is an intentional decision to create a ridiculously high barrier to entry put in place by people who were able to get rich through mining... I guess now that they're in the elite class they're happy to deny others the opportunity they enjoyed.
I want to know what the risk is. If I stake my coins, could they be lost? Is it like a bet? Do they just lose value over time because more coins are being generated? How do I make a profit from staking? If my staking pool gets the reward, do I just receive a percentage of that to my crypto wallet? or is it automatically restaked? The biggest thing I want to understand is, what are the risks associated? With PoW and mining, I just plug in my GPUs, fire up a batch file, and I'm making money - electricity cost. I don't run a large risk, imo. I get paid out the coin from the pool. The only risk I see with PoW is the fluctuation in crypto prices.
It involves holding funds in a cryptocurrency wallet to support the security and operations of a blockchain network. Simply put, staking is the act of locking cryptocurrencies to receive rewards on the appropriate expiry date . In most cases, you'll be able to stake your coins directly from your crypto wallet, such as Trust Wallet.
I expected pictures to understand staking better...jejeje..but there was no need. Nate explained it well and the MOST important part to me was the speed of this voice that remain the same. Some instructors "rush technical words" and they have no idea that they lost us in those seconds/minutes.
Your videos are clear, concise and on point. I am learning a lot. We need more people like you to educate the world about crypto and its pros and cons. Thank you.
I would consider checking out Cream Finance for staking or borrowing too. Even as crypto it has potential to grow 10x its size so you can check their project for sure.
Hi Erica, It ultimately depends on your individual investment strategy and risk tolerance. Staking new altcoins with growth potential can be a higher risk, higher reward strategy, as these coins may have less history and less adoption than more established coins like BNB and ETH. However, if you believe that a new altcoin has strong growth potential, staking it could potentially yield higher returns. On the other hand, staking more established coins like BNB and ETH may be a safer strategy, as these coins have a longer history and more widespread adoption. It is important to thoroughly research and evaluate any coin before deciding to stake it.
Awesome video; the problem with the rest is that they are made from and for technological geeks so they start by explaining everything as if you already know the basic and advanced technical concepts behind.
Hello very informative video thank you. My question is if you stake ethereum on coinbase do you still earn gains and losses in the market? I tried Googling the question but I don't think I'm asking it right. Thank you
@@tylerdurdennn2654 I’m still able to buy at current level. I’ve just staked a portion of already existing ETH. For instance, I just bought more ETH yesterday.
@@DocLunks I'm having problem of verification in coinbase. I send proper natural light pictures of my id which is clear it still denies, tried with all 3 proofs. Can u help?
When staking, is the P.A based on value, or number of coins? Example: If I stake 10 coins and it's 10% P.A would that be 10% of number of coins, or 10% of the value of the 10 coins and paid that value in that coin?
Solar Flare? I'm still not able to find a straight answer about if a solar flare happens. If you mine then you need to get it into a wallet to get it into the blockchain? Something like that? Supposedly a solar flare would not affect every single computer/server across the globe? Do you have a video about this?
"The poor should invest" is one of the lies you rich fuckers always say. The system is rigged. The market is rigged against retailers. Just look at the recent GME circus. Brokers halted trading when Hedge Funds were losing billions.
@@brokeindio5072 lmao you said it yourself the system is rigged thats not the rich mans fault thats government and regulation . The poor will always point fingers
@@zealdmv3314 let me ask you. Who pays billions in bribes - i mean lobbying - to keep the mechanism in their favor? Do you live under a rock? Keep being ignorant brother.
Minecraft Nigga i know all about lobbyist that’s a government problem like i said . We shouldnt blame someone just because they’re rich i understand where your coming from but it’s jus a toxic approach
@@brokeindio5072 your always going to be poor with that mindset. And the system is not rigged it’s set fair you people just look for excuses for not putting in the work like other people do that’s why the poor are poor and the rich are rich.
Forging a block and updating the ledger through mining are two different concepts in the context of blockchain technology. Forging a block is a specific method of adding blocks to the blockchain that is used in some networks, while mining is a more general term for the process of adding new transactions to the blockchain through computation. Mining, on the other hand, is the process of adding new transactions to the blockchain network in a decentralized manner.
OK,....so...what's the simple distinction between forging and mining??? How do I get to decide what node I'm putting my coin on?? How do you know what coins can and can not be staked?? Still confused......
From what I understood, the staking rewards come from you, or your staking pool forging a new block. you get a percentage for the new eth coins that were minted (unlocked) from the forge. Think of forging as mining, but you wont actually be using massive compute power. Honestly this seems like a death blow to small miners to me. I run 120MH/s I don't have 32 eth to put up for this.
When someone transfer Eth to someone else, they get charged a transfer fee, otherwise known as Gas. I guess that goes to the stakerss or the validators.
Rewards are allocated by staking amount. Basically, you are getting rewarded for saving. The money comes from the algorithm, which is basically inflation. All crypto is inflationary and is the source of all rewards. It's kind of like what the government does to fiat, but instead of the state getting the inflation, you get the inflation.
I hope it is tx fees and not inflation. I have heard the reward can be up to 18% APY. If it is inflation I will just keep my money in Bitcoin rather as this would mean clearly that ETH is not a good store of value unless you stake(which honestly just starts to sound like a ponzi or MLM then)
I am worried about the risks of my coins being stolen . Sounds like staking pools may be good, but, not if I need to reveal or give access to my private keys. Thoughts ???
@1:30 The more computing power you use the higher the chance of winning. Doesn't this mean, that in effect, the blockchain is centralized? It favors those who can afford the best computing power. @2:20 it mentions how energy intensive the process is further centralizing bitcoin. 1. The person with the most money for the best computing power wins 2. The person who can afford the most computers with the best computing power wins. 3. The person who can afford the high energy costs wins Over time, because they would have the highest probability of winning, they amass more wins and thus more bitcoins. In effect, this skews and centralizes bitcoin by favoring the rich. How is this decentralized?
This presentation set off a lightbulb for me. But learning something always means you need more answers! If mining is using computational power to guess a number, I have to ask: Where did this number come from? Who or what decides when the number has been correctly guessed? Are these all predetermined by the consensus mechanism?
Nate, that filled me up and nobody does it better when talking crypto. And your bloopers are a good laugh that reminds us you are just human and we appreciate that.
DIVI is one of the best Proof of Stak alcohols, because it is a coin with great potential profitability, solidity is promising and its great price is the best
Thanks for the analysis! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
ETH staking´s not meant to benefit the avarage crypto enthusiast. It´s meant to make the rich even more rich. Proof of Work and mining´s still the best method
How does this whole bitcoin things works, I'm interested in it, willing and ready to invest heavily but need an assistant to properly quide me through on how to make a good startup and be successful in it without making mistakes
I am a little bit confused. Would not that eventually turn down the token price as more and more stakes join? it does not make sense as business model !
Since you mentioned a random winner will be allowed to forge the new block, how is it divided between all the stakers? (according your example of 1 M ETH staked vs 3 M ETH staked). Want to understand if i stake, whether there is a guarenteed return or not for me?
Thank you for sharing your knowledge Nate and for all the other videos you made. I am not tech savvy but I have an interest on cryptos and just trying to find information that's easy to understand before getting into it. I've heard a presentation about "TECH ROYALTIES" and having listened to your videos and other UA-cam presentors about STAKING, it seems that the these 2 terminologies and the mechanics are the same. Any thoughts?
Is it 100% guaranteed that if I stake my coins, I'll get a reward even if it's just a small percent of the reward? or is there a chance that I won't get a reward at all? also is there a chance to lose the coins that I staked?
It sounds contrary to me that on the one hand the amount of coins being staked inrease the probabilty of being allowed to forge the next block but on the other hand the system is randomized, so that nobody gets a monopoly. Well is it random now or is it not? If i had enough resources, of course this would create some sort of monopoly.
Holy smokes! This is my first video from this channel. SuperB explanations. So very clear; it helps out a noob like myself ALOT. I immediately subscribed! Keep up the great work.
One thing I don't understand is the video suggest that rewards of staking are random. But other suggest the rewards issued are paid regularly. Ledger says the coins they stake issue rewards around every 3 days after a several week waiting period.
Nate, I love the blooper reel at the end, it just shows you are a real human being> I especially like the "Hi, I am Elmer Fud here at 99 Bitcoins" part. :) PS: good video thanks so much for what you do.
Yeah me too I assumed that this new system would completely destroy hopes of making consistent profit but it’s just a new system and way of doing it which I can totally dig
Hi Salaudeen, In a way, yes. In some assets like Cardano, Delegation is the name of the process that makes staking possible. When you stake, you lock your money and put it to work for you. One way of staking your assets is contributing to a pool of funds to enable other people to trade - hence providing the 'liquidity pool.' I hope this helps.
Are you sure that a mining entity 'guesses' the equation? I took part in an online education course (Berkley via Edx) and they said that the equations were calculated, that the equations become more & more complex as more Bitcoins are produced, and each mining node that takes part in the calculations gets a 'bit' of a coin for its efforts.
How do exchanges offer staking rewards? Is it because they use our stakes to make up their larger stakes? So they give us a reward? A bit like a saving account in banks?
CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers.
Stay safe 🙏🏻🙏🏻🙏🏻
👉Staking on Exchanges:
- Coinbase - bit.ly/35bKkSJ
- Binance - bit.ly/3b86vgq
- Cex - bit.ly/3b6ofZJ
- Kraken - bit.ly/3hKhIVF
👉Staking through Wallets:
- Atomic Wallet: bit.ly/38XGk9D
- Guarda Wallet: bit.ly/389JIis
👉Staking Pools:
- Rocket Pool - bit.ly/3nbYNV4
👉Validator as a Service:
- Staked.US - bit.ly/2MywO5d
👉For the complete text guide visit:
bit.ly/3rRWn1i
Make a video on how to trade crypto on exchange practically
Make a video on how to trade crypto on exchange practically
Great video for staking! I have been using this on Cream Finance and i really love how it goes! You can make video about it too. If anyone is into Staking and Borrowing and lending, definitely worth checking out this
@Investwithmichael
U the man brosef
32 ETH. Yikes. As if I had $130k laying around
i do
@@stephenmcallister2169 well that's probably because you've made better decisions in life
When this video came out i remember it was a big deal eth was crossing the $1000 mark lol
Keep editing the comment as the prices rise! 😂
@@sameershah141 For sure. Although I'm bought in now, so the price will probably keep dropping 😄
there are a lot of channel on youtube that explain crypo, but this is one of the best.
Albert Einstein once said, If you can't explain it to a six year old, you don't understand it yourself.”
you really explain thing in a simple language that, everyone listening can understand. i appreciate you
Thank you for your kind words!
This is the best UA-cam channel.. Thank you
+12138070021
ProofofWork is sybill protection not consensus mechanism.
I got 99 coins but a bit ain’t one. 🙌🏽
Thank you for clarifying what proof of work > mining and proof of stake > staking (validator node or service provider).
Who thought “forge” is an appropriate term for generating blocks in a trust-free environment?
yep...me too...very appropriate..!!!
Thats a great question!
Forge also means to create, as in forged metal.
@@TheB4mvfreak Thank you. That should be the most common way to see that word but apparently is not.
Forge doesn’t mean “to counterfeit” it means “to make”.
Have to appreciate the craziness here. If you have $60k that you can afford to lock away for a stake you get to keep all of your profits but for everyone else you have to pay fees to participate lowering you profit potential.. so this is definitely an example of how the rich make a higher rate of return just for being rich... Doing the exact same thing is, dollar for dollar more valuable if you're already well off and to think it is an intentional decision to create a ridiculously high barrier to entry put in place by people who were able to get rich through mining... I guess now that they're in the elite class they're happy to deny others the opportunity they enjoyed.
Welcome to the real world bud.
Take a loan out just like most rich did. Most rich folks aren't born into it, they took risks.. risks that you're clearly not willing to take.
I want to know what the risk is. If I stake my coins, could they be lost? Is it like a bet? Do they just lose value over time because more coins are being generated? How do I make a profit from staking? If my staking pool gets the reward, do I just receive a percentage of that to my crypto wallet? or is it automatically restaked?
The biggest thing I want to understand is, what are the risks associated? With PoW and mining, I just plug in my GPUs, fire up a batch file, and I'm making money - electricity cost. I don't run a large risk, imo. I get paid out the coin from the pool. The only risk I see with PoW is the fluctuation in crypto prices.
It involves holding funds in a cryptocurrency wallet to support the security and operations of a blockchain network. Simply put, staking is the act of locking cryptocurrencies to receive rewards on the appropriate expiry date . In most cases, you'll be able to stake your coins directly from your crypto wallet, such as Trust Wallet.
I expected pictures to understand staking better...jejeje..but there was no need. Nate explained it well and the MOST important part to me was the speed of this voice that remain the same. Some instructors "rush technical words" and they have no idea that they lost us in those seconds/minutes.
Your videos are clear, concise and on point. I am learning a lot. We need more people like you to educate the world about crypto and its pros and cons. Thank you.
He is horrendously confusing and muddies the water with unanswered questions.
32 eth as collateral?? So I need 100k before I can stake etherium?
I am making the necessary calculation in my head and I get rewarded with bitcoins, no need for a computer. Sometimes I use a pen and paper.
Radical!
I was searching about staking and voilah!! Video uploaded 1 hour prior!😁 Thank you Nate!
I love it when those things happen,
I'd put on a lottery ticket if I were you at the moment.
same here
Me too! I’m reading a book and it talks about it. But I wasn’t able to grasp it very well
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I would consider checking out Cream Finance for staking or borrowing too. Even as crypto it has potential to grow 10x its size so you can check their project for sure.
I'm so happy there was no mention of etoro in this video, hope you dropped them as a sponsor guys they are bad people. Your channel is great :)
Agree their spread are huge too hard to trade profitably if they take 5/:
Do u recommend staking new altcoins with growth potential like HDX or staking popular coins like BNB and ETH?
Hi Erica,
It ultimately depends on your individual investment strategy and risk tolerance. Staking new altcoins with growth potential can be a higher risk, higher reward strategy, as these coins may have less history and less adoption than more established coins like BNB and ETH. However, if you believe that a new altcoin has strong growth potential, staking it could potentially yield higher returns. On the other hand, staking more established coins like BNB and ETH may be a safer strategy, as these coins have a longer history and more widespread adoption. It is important to thoroughly research and evaluate any coin before deciding to stake it.
Awesome video; the problem with the rest is that they are made from and for technological geeks so they start by explaining everything as if you already know the basic and advanced technical concepts behind.
Hello very informative video thank you. My question is if you stake ethereum on coinbase do you still earn gains and losses in the market? I tried Googling the question but I don't think I'm asking it right. Thank you
Staked baby! Earning 6% APR on money that I don’t plan on using for a while. Ethereum 🚀 🌚
Hi can u tell me what site is best to use for staking?
Hey man what if the price increases by 10x for ETH ?
@@tylerdurdennn2654 I’m still able to buy at current level. I’ve just staked a portion of already existing ETH. For instance, I just bought more ETH yesterday.
@@clydealmeida2052 Coinbase mobile app is very user friendly and allows staking of ETH and ATOM.
@@DocLunks I'm having problem of verification in coinbase. I send proper natural light pictures of my id which is clear it still denies, tried with all 3 proofs. Can u help?
Algorand lets you stake 7.5% by just having 1 ALGO in the algo-wallet. 6% on Coinbase. Algorand also has the best technology currently available.
So is that % monthly or yearly?
One of the best Channel i encounter about the crypto topic as a beginner Bravo
Same here and it's been an amazing journey,
When staking, is the P.A based on value, or number of coins?
Example: If I stake 10 coins and it's 10% P.A would that be 10% of number of coins, or 10% of the value of the 10 coins and paid that value in that coin?
32 ETH?
That coin is like $1650 right now
You can get a few people to stake with you and lower the eth amount of your contribution
It broke $2k today, 32 ETH is over $64k now.
3.7k today lol better get in sooner than later
dude your channel is perfect, I send all your vids to people asking me stuff about crypto because by default I explain it in alien language
I staked my first Cardano this morning.
On what? Daedalus?
Where can i stake cardano ?
@@alves-inwl7423 Daedalus and Yorio and maybe others now.
I stake my ADA Cardano on the exodus wallet and the APY fluctuates between 7.00%-8.00%
@@jorgealvarado3512
7-8% annually? Or does it compound more frequently than that??
Solar Flare? I'm still not able to find a straight answer about if a solar flare happens. If you mine then you need to get it into a wallet to get it into the blockchain? Something like that? Supposedly a solar flare would not affect every single computer/server across the globe? Do you have a video about this?
THE RICH GET RICHER BY SPENDING LIKE THE POOR AND INVESTING AND THE POOR GET POORER BY SPENDING LIKE THE RICH AND NOT INVESTING
"The poor should invest" is one of the lies you rich fuckers always say. The system is rigged. The market is rigged against retailers.
Just look at the recent GME circus. Brokers halted trading when Hedge Funds were losing billions.
@@brokeindio5072 lmao you said it yourself the system is rigged thats not the rich mans fault thats government and regulation . The poor will always point fingers
@@zealdmv3314 let me ask you. Who pays billions in bribes - i mean lobbying - to keep the mechanism in their favor? Do you live under a rock?
Keep being ignorant brother.
Minecraft Nigga i know all about lobbyist that’s a government problem like i said . We shouldnt blame someone just because they’re rich i understand where your coming from but it’s jus a toxic approach
@@brokeindio5072 your always going to be poor with that mindset. And the system is not rigged it’s set fair you people just look for excuses for not putting in the work like other people do that’s why the poor are poor and the rich are rich.
So what prevents entities with effectively infinite resources (eg a central bank) from simply taking over?
32 ETH @ $1,200/Eth (as of this writing) means you need to put up $38,400 just to be considered for a node?!?
Cardano doesn't have a minimum stake amount
it seems crazy i know... the system that benefits the rich i guess...
@@chriskantai2351 it does on binance, it's 5000
@@kezza10mail I would recommend staking to a stake pool rather than a centralized exchange
@@chriskantai2351 any suggestions ? trying to keep it all nice, neat and secure. cheers
What is the difference between forging a block or get to update the ledger from mining?
Forging a block and updating the ledger through mining are two different concepts in the context of blockchain technology. Forging a block is a specific method of adding blocks to the blockchain that is used in some networks, while mining is a more general term for the process of adding new transactions to the blockchain through computation. Mining, on the other hand, is the process of adding new transactions to the blockchain network in a decentralized manner.
Can you explain the tax implications of staking? I heard that you have to pay taxes on the amount you’ve earned through staking.
Are you interested in getting info for better crypto gains
OK,....so...what's the simple distinction between forging and mining??? How do I get to decide what node I'm putting my coin on?? How do you know what coins can and can not be staked?? Still confused......
Are you interested in getting info for better crypto gains
@@investopads.9823 nope!!!
Complex and super helpful, I'm getting a grasp on proof of stake. Thank you.
What happens to block chains if people STOP mining? Does the crypto just die or stall? It seems without miners the system won't work.
Who pays for the staking rewards? I.e. where does that ETH come from?
From what I understood, the staking rewards come from you, or your staking pool forging a new block. you get a percentage for the new eth coins that were minted (unlocked) from the forge. Think of forging as mining, but you wont actually be using massive compute power. Honestly this seems like a death blow to small miners to me. I run 120MH/s I don't have 32 eth to put up for this.
When someone transfer Eth to someone else, they get charged a transfer fee, otherwise known as Gas. I guess that goes to the stakerss or the validators.
Rewards are allocated by staking amount. Basically, you are getting rewarded for saving. The money comes from the algorithm, which is basically inflation. All crypto is inflationary and is the source of all rewards. It's kind of like what the government does to fiat, but instead of the state getting the inflation, you get the inflation.
I hope it is tx fees and not inflation. I have heard the reward can be up to 18% APY. If it is inflation I will just keep my money in Bitcoin rather as this would mean clearly that ETH is not a good store of value unless you stake(which honestly just starts to sound like a ponzi or MLM then)
Its just like mining, your coins mine brand new coins
I am worried about the risks of my coins being stolen . Sounds like staking pools may be good, but, not if I need to reveal or give access to my private keys. Thoughts ???
i love this channel and how well everything is explained!!! AMAZING
Thanks for your understanding
@1:30 The more computing power you use the higher the chance of winning. Doesn't this mean, that in effect, the blockchain is centralized? It favors those who can afford the best computing power. @2:20 it mentions how energy intensive the process is further centralizing bitcoin.
1. The person with the most money for the best computing power wins
2. The person who can afford the most computers with the best computing power wins.
3. The person who can afford the high energy costs wins
Over time, because they would have the highest probability of winning, they amass more wins and thus more bitcoins. In effect, this skews and centralizes bitcoin by favoring the rich.
How is this decentralized?
The concept you put up is so well explained, I do not get bored listening and I can understand. Simply well done!
He said these videos break down topics and translate them into plain English. From this video I now know that I don't understand plain English.
I thought i was the only one. This guy rambles about a bunch of non sense without showing a step by step guide
This presentation set off a lightbulb for me. But learning something always means you need more answers! If mining is using computational power to guess a number, I have to ask: Where did this number come from? Who or what decides when the number has been correctly guessed? Are these all predetermined by the consensus mechanism?
it is all well explained, I want to know, do you any companies who run validator as service
When I'm old in a home, some other old dude will be bragging about how he made his fortune doing this.
He probably wouldn’t be in a home lol private nurse status
You are truly a blessing in the crypto space. I finally understand what staking is all about. Thank you!
Nate, that filled me up and nobody does it better when talking crypto. And your bloopers are a good laugh that reminds us you are just human and we appreciate that.
DIVI is one of the best Proof of Stak alcohols, because it is a coin with great potential profitability, solidity is promising and its great price is the best
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere??
Cryptocurrency has stand out to be one the most excelling trade online
Getting in contact with a legit broker is the major problem every one are facing
@@etorojahjames4608 I have fallen into the hands of scammers twice
Many people today in the world are poor because of ignorant
@@rudyardloris5384 There are still experts that are really trust worthy
Many brokers has really made firm for them self I invested $10,000 and earned over $70,000 in an interval of 7days
I like your video. Brilliant an very unique idea.Thanks for sharing this valuable video.
You have the perfect voice and cadence for this!! Thank you
Thanks for the analysis! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Thanks, that was really informative and in a concise 9 minutes!
you are welcome.
Thanks a lot for this informative video. Will validators get block rewards in POS or it is just the transaction fee?
your explanations are absolutely clean and easy to comprehend!
What about liquid staking? How is it any different? Like StaFi that claims to unlock the staked assets.
All this talk about stake ended up sounding like steak and now I'm hungry... lmao
care for Bitcon investment tips for good returns?
Give a man a steak he eats once, teach a man how to stake he eats forever!!
@@hysterlife7854 nice
ETH staking´s not meant to benefit the avarage crypto enthusiast. It´s meant to make the rich even more rich. Proof of Work and mining´s still the best method
How does this whole bitcoin things works, I'm interested in it, willing and ready to invest heavily but need an assistant to properly quide me through on how to make a good startup and be successful in it without making mistakes
Crypto trading is very profitable when you trade well or seek a professional help
Exactly, at the moment bitcoin is the best and profitable coin to buy and invest in if you have wisdom
I am a little bit confused. Would not that eventually turn down the token price as more and more stakes join? it does not make sense as business model !
Thanks
care for Bitcon investment tips for good returns?
Staking with cardano is so much easier. The way smart contracts are being done, is also a lot better than etherium.
The only problem with this channel is that the background is so bloody white and bright.....
Staking is an interesting way to earn passive income, I’m holding $FIS. Instead of just holding, I’m staking em to earn more $FIS.
This was without doubt the best and most informative video on this topic I ever saw. Fantastic explanation
It sounds like proof of stake is everyone bets on who is going to be randomly chosen to make the ledger.
Great video. You did a great job of clarifying what staking actually means...
Since you mentioned a random winner will be allowed to forge the new block, how is it divided between all the stakers? (according your example of 1 M ETH staked vs 3 M ETH staked). Want to understand if i stake, whether there is a guarenteed return or not for me?
I remember the good old days before we had cell phones. Things were simpler, people were kinder.
Those days are long gone
We dont need to die to go to hell anymore
People werent kinder, you were just exposed to less of them.
@@BradleyCTurner Sorry, Brad. People were kinder.
Best crypto tutorials channel
thanks for the info, you are very well spoken.
so much so that I can watch it at 2x speed and all the info comes out clear and concise
Thanks for understanding you can also invest on crypto platforms and earn a lot per day
@@PînnedbyBiaheza-z5y I've reported your account for investment fraud, just thought you should know
Crypto is the best place to invest, you keep giving me inspiration to invest in crypto and forex trading thanks for this video 👍
Screw staking. Just HODL and forget you even have it
What is the token role in staking , why the node need tokens to be staked in it ?
what happens when quantum computers start to mine? can the market be cornered this way?
interesting thought, The AI will be living like the big pimps in the future !!! human slaves, get back to work !
Quantum computers is a different form of computing with a different language.
The more I learn about crypto the more I see it’s value. Wish I learnt this a couple of years ago but better late than never.
funny, I feel the exact opposite.
Thank you for sharing your knowledge Nate and for all the other videos you made. I am not tech savvy but I have an interest on cryptos and just trying to find information that's easy to understand before getting into it. I've heard a presentation about "TECH ROYALTIES" and having listened to your videos and other UA-cam presentors about STAKING, it seems that the these 2 terminologies and the mechanics are the same. Any thoughts?
Is it 100% guaranteed that if I stake my coins, I'll get a reward even if it's just a small percent of the reward? or is there a chance that I won't get a reward at all? also is there a chance to lose the coins that I staked?
I'm about to subscribe! You just broke down so many things I've been trying to understand in so little time.
Thank you!!
I love how your videos are clear and no longer than they need to be. :)
Outstanding video. Fantastic job of breaking down the complex into a non-intimidating format. New subscriber here.
It sounds contrary to me that on the one hand the amount of coins being staked inrease the probabilty of being allowed to forge the next block but on the other hand the system is randomized, so that nobody gets a monopoly. Well is it random now or is it not? If i had enough resources, of course this would create some sort of monopoly.
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere???
@@annetteveronica157 Sorry, but your name doesn't sound familiar to me. Probably coincedence.
Holy smokes! This is my first video from this channel. SuperB explanations. So very clear; it helps out a noob like myself ALOT. I immediately subscribed! Keep up the great work.
One thing I don't understand is the video suggest that rewards of staking are random. But other suggest the rewards issued are paid regularly. Ledger says the coins they stake issue rewards around every 3 days after a several week waiting period.
@@raymonddonald8720 because you are a scam. Begone!
I think it really depends on what coin you’re staking, different coins have different mechanisms
@@99Bitcoins ok.thank you for the info.
never give your keys to anyone ever lol
so would coinbase count as a "validator" for me if i were in invest in 32 ETH and all i need to do is just hold???
Nate, I love the blooper reel at the end, it just shows you are a real human being> I especially like the "Hi, I am Elmer Fud here at 99 Bitcoins" part. :) PS: good video thanks so much for what you do.
Are you interested in getting info for better crypto gains
@@investopads.9823 9jbj
If this man had a course, I would definitely buy it
@@BitCoins-qd9ee sure, how?
Wow. Rly love all the explanation. Now I´m feeling ready to stack some coins.
Yeah me too I assumed that this new system would completely destroy hopes of making consistent profit but it’s just a new system and way of doing it which I can totally dig
@@skinneyjesus1550 I was reading other stuff about it and I saw that some people are doing both, mining and stacking
Where do the staking rewards come from? Transaction fees, creating new coins? Is that right?
Nate explains complex subjects so effortlessly, I'm so glad I had the opportunity of stumbling on this channel...
Thank You for the great job Yo doing
@99Bitcoins I'd very much appreciate such gesture, please share.
@@sazzyoriakhi5457 don't fall for it its a scam account
@@hasoonnine Thank Man I already noticed... Stupid idiots coming under every channel to prey on people, newbies especially!
@@sazzyoriakhi5457 they are absolutely everywhere, dont know how they do it
Good job. Thank you for your education.
Is staking the same as delegating?. And how is staking different from liquidity pool
Hi Salaudeen,
In a way, yes. In some assets like Cardano, Delegation is the name of the process that makes staking possible. When you stake, you lock your money and put it to work for you. One way of staking your assets is contributing to a pool of funds to enable other people to trade - hence providing the 'liquidity pool.' I hope this helps.
Brilliant and so well explained - thanks again.
Staking will only help to level the inflation it will give u passive income.
Good job, and good bloopers too!
Are you sure that a mining entity 'guesses' the equation?
I took part in an online education course (Berkley via Edx) and they said that the equations were calculated, that the equations become more & more complex as more Bitcoins are produced, and each mining node that takes part in the calculations gets a 'bit' of a coin for its efforts.
ye that should be how it works, at the end the one who contribute the most will take the most but not all if others were involved
Thank you for an easy to understand explanation of all of this.
How do exchanges offer staking rewards? Is it because they use our stakes to make up their larger stakes? So they give us a reward? A bit like a saving account in banks?
Thank you so much for another amazing video!
Thanks for your feedback....for more guidance :)
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no idea what hes talking about but im brand new, thanks
You are amazing, thank you for all that you do in making our Bitcoin journey a little bit easier to navigate x