What is Proof of Stake? - Earn Passive Income with Staking

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99Bitcoins

99Bitcoins

Күн бұрын

The best staking resource on the web today: www.stakingrewards.com/
👉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
💸🤑Staking helps you to earn passive income on your cryptocurrency holdings. In this episode of Crypto Whiteboard Tuesday, we will explain, how to get started with staking and what are the risks involved.
If you are new to cryptocurrencies, start here:
✅ What is Bitcoin? bit.ly/3obzymU
⚒ What is Bitcoin Mining? bit.ly/2JIekOF
🏦 What is Defi? bit.ly/2FfCkWG
Content of this video:
0:58 Decentralized Cryptocurrencies
1:14 Bitcoin Mining
1:47 Proof of Work
2:31 Proof of Stake
2:50 How Does Staking Work?
3:47 Ethereum's Blockchain
4:06 How to Stake Ethereum
4:48 Ethereum Staking Rewards
5:42 Staking Limitations
6:44 Staking on Exchanges
7:13 Staking Pools
7:47 Validator as a Service
8:12 Conclusion on Cryptocurrency Staking
9:00 Bloopers :)
👉For the complete text guide visit:
bit.ly/3rRWn1i
📖 Join our 7-day Bitcoin crash course absolutely free:
bit.ly/2pB4X5B
🔔 Learn ANYTHING about Bitcoin and cryptocurrencies on our KZfaq channel:
bit.ly/2BVbxeF
👇See anything we haven't covered? Leave us a comment in the comment section below

Пікірлер: 1 000
@99Bitcoins
@99Bitcoins 3 жыл бұрын
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
@ezechukwuokebalama1267
@ezechukwuokebalama1267 3 жыл бұрын
Make a video on how to trade crypto on exchange practically
@ezechukwuokebalama1267
@ezechukwuokebalama1267 3 жыл бұрын
Make a video on how to trade crypto on exchange practically
@stressrelief9597
@stressrelief9597 3 жыл бұрын
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
@macrinajoseph586
@macrinajoseph586 3 жыл бұрын
@Investwithmichael
@jonitalia6748
@jonitalia6748 3 жыл бұрын
U the man brosef
@labaguette2728
@labaguette2728 3 жыл бұрын
32 ETH. Yikes. As if I had $130k laying around
@stephenmcallister2169
@stephenmcallister2169 3 жыл бұрын
i do
@labaguette2728
@labaguette2728 3 жыл бұрын
@@stephenmcallister2169 well that's probably because you've made better decisions in life
@quentinsylwester635
@quentinsylwester635 3 жыл бұрын
When this video came out i remember it was a big deal eth was crossing the $1000 mark lol
@sameershah141
@sameershah141 3 жыл бұрын
Keep editing the comment as the prices rise! 😂
@labaguette2728
@labaguette2728 3 жыл бұрын
@@sameershah141 For sure. Although I'm bought in now, so the price will probably keep dropping 😄
@bashfakosh849
@bashfakosh849 3 жыл бұрын
This is the best KZfaq channel.. Thank you
@shedrackmoses1278
@shedrackmoses1278 3 жыл бұрын
+12138070021
@muiz4159
@muiz4159 Жыл бұрын
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
@99Bitcoins
@99Bitcoins Жыл бұрын
Thank you for your kind words!
@hashpuppy5330
@hashpuppy5330 Жыл бұрын
ProofofWork is sybill protection not consensus mechanism.
@smz3610
@smz3610 3 жыл бұрын
I was searching about staking and voilah!! Video uploaded 1 hour prior!😁 Thank you Nate!
@danielstone9404
@danielstone9404 3 жыл бұрын
I love it when those things happen, I'd put on a lottery ticket if I were you at the moment.
@juanitomadeithappen
@juanitomadeithappen 3 жыл бұрын
same here
@bakerbrown6
@bakerbrown6 3 жыл бұрын
Me too! I’m reading a book and it talks about it. But I wasn’t able to grasp it very well
@thomaseric3057
@thomaseric3057 3 жыл бұрын
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@stressrelief9597
@stressrelief9597 3 жыл бұрын
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.
@drawwithbeektor6329
@drawwithbeektor6329 3 жыл бұрын
I got 99 coins but a bit ain’t one. 🙌🏽
@amy9tn926
@amy9tn926 3 жыл бұрын
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.
@defiresearchers
@defiresearchers 3 жыл бұрын
Thank you for clarifying what proof of work > mining and proof of stake > staking (validator node or service provider).
@BM_Holdings
@BM_Holdings 3 жыл бұрын
Outstanding video. Fantastic job of breaking down the complex into a non-intimidating format. New subscriber here.
@hairystyles4212
@hairystyles4212 2 жыл бұрын
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
@stevewhite791
@stevewhite791 3 жыл бұрын
Complex and super helpful, I'm getting a grasp on proof of stake. Thank you.
@Jumpernot
@Jumpernot 3 жыл бұрын
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 :)
@kiwi123467
@kiwi123467 3 жыл бұрын
Agree their spread are huge too hard to trade profitably if they take 5/:
@it6970
@it6970 3 жыл бұрын
I'm about to subscribe! You just broke down so many things I've been trying to understand in so little time. Thank you!!
@ikust007
@ikust007 3 жыл бұрын
Happy new year to a great Channel!
@MsEvaonAir
@MsEvaonAir 3 жыл бұрын
I love how your videos are clear and no longer than they need to be. :)
@racerx4evr
@racerx4evr 3 жыл бұрын
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.
@jkuntz67
@jkuntz67 3 жыл бұрын
One of the best Channel i encounter about the crypto topic as a beginner Bravo
@sazzyoriakhi5457
@sazzyoriakhi5457 3 жыл бұрын
Same here and it's been an amazing journey,
@wildHimalaya
@wildHimalaya 2 жыл бұрын
Thank you so much for this information. I tried to learn about staking but your video cleara all doubt
@Nqo19
@Nqo19 3 жыл бұрын
You are truly a blessing in the crypto space. I finally understand what staking is all about. Thank you!
@aenima1
@aenima1 3 жыл бұрын
You have the perfect voice and cadence for this!! Thank you
@petervandeburgt7414
@petervandeburgt7414 3 жыл бұрын
Good job, and good bloopers too!
@CRYPTO-HN
@CRYPTO-HN 3 жыл бұрын
Everything clear as water..thanks for video.
@hujaifaali5706
@hujaifaali5706 2 жыл бұрын
I like your video. Brilliant an very unique idea.Thanks for sharing this valuable video.
@kenindenver1
@kenindenver1 3 жыл бұрын
Thanks, that was really informative and in a concise 9 minutes!
@cryptocasey.2524
@cryptocasey.2524 3 жыл бұрын
you are welcome.
@UntilNextime
@UntilNextime 3 жыл бұрын
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.
@alexnenov8827
@alexnenov8827 3 жыл бұрын
The concept you put up is so well explained, I do not get bored listening and I can understand. Simply well done!
@diegoramos27
@diegoramos27 3 жыл бұрын
best and easiest explanations, I subscribed, thanks
@tracysellman1562
@tracysellman1562 3 жыл бұрын
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.
@investopads.9823
@investopads.9823 3 жыл бұрын
Are you interested in getting info for better crypto gains
@annwhite643
@annwhite643 3 жыл бұрын
@@investopads.9823 9jbj
@MichaelOliverSW
@MichaelOliverSW 3 жыл бұрын
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?
@feisman1386
@feisman1386 3 жыл бұрын
Thanks for all the good information
@snnamagh6007
@snnamagh6007 3 жыл бұрын
Great explanation. Thanks a lot.
@gren509
@gren509 3 жыл бұрын
Brilliant and so well explained - thanks again.
@larzulrich199
@larzulrich199 3 жыл бұрын
i love this channel and how well everything is explained!!! AMAZING
@user-lm6iz5gg7h
@user-lm6iz5gg7h 3 жыл бұрын
Thanks for your understanding
@westganton
@westganton 3 жыл бұрын
Awesome content, I've learned a ton from your channel in only a few videos. Thanks a lot. What are your thoughts on Garlicoin?
@theresaruiz7911
@theresaruiz7911 3 жыл бұрын
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
@TheBipin819
@TheBipin819 3 жыл бұрын
Excellent as always you’re saving lot of time for us & guiding us in right direction. Please keep it up.
@Citizen_X.
@Citizen_X. 3 жыл бұрын
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.
@michaelblosser5277
@michaelblosser5277 2 жыл бұрын
He is horrendously confusing and muddies the water with unanswered questions.
@jonyfrany1319
@jonyfrany1319 2 жыл бұрын
Best crypto tutorials channel
@arminfisher4836
@arminfisher4836 3 жыл бұрын
Good job mate I mean nate, I wish you do some in-depth and technical videos about implementations and other low-level stuff, I want to hear it from you :D, thanks
@santiagocarreno5881
@santiagocarreno5881 Жыл бұрын
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.
@karangadgil9847
@karangadgil9847 3 жыл бұрын
your explanations are absolutely clean and easy to comprehend!
@sumin3333
@sumin3333 3 жыл бұрын
Well explained!! Thank you
@yanzhenchen9030
@yanzhenchen9030 2 жыл бұрын
Thanks a lot for this informative video. Will validators get block rewards in POS or it is just the transaction fee?
@__-tz6xx
@__-tz6xx 3 жыл бұрын
I staked my first Cardano this morning.
@Ivansthename
@Ivansthename 3 жыл бұрын
On what? Daedalus?
@alves-inwl7423
@alves-inwl7423 3 жыл бұрын
Where can i stake cardano ?
@Ivansthename
@Ivansthename 3 жыл бұрын
@@alves-inwl7423 Daedalus and Yorio and maybe others now.
@jorgealvarado3512
@jorgealvarado3512 3 жыл бұрын
I stake my ADA Cardano on the exodus wallet and the APY fluctuates between 7.00%-8.00%
@bperez8656
@bperez8656 3 жыл бұрын
@@jorgealvarado3512 7-8% annually? Or does it compound more frequently than that??
@mantis_monk
@mantis_monk 3 жыл бұрын
Great video. You did a great job of clarifying what staking actually means...
@isaaccanales9327
@isaaccanales9327 3 жыл бұрын
Thank you for the breakdown.
@fredamankusofficial
@fredamankusofficial 3 жыл бұрын
Well done, Keep it up it!
@creedharvey4329
@creedharvey4329 3 жыл бұрын
Thank you so much for another amazing video!
@mmcrypto2518
@mmcrypto2518 3 жыл бұрын
Thanks for your feedback....for more guidance :) W::h::t::s::A::p::p// +1..8...5...6...2...3...0...4...1...1...5//
@chrisrosenkreuz23
@chrisrosenkreuz23 3 жыл бұрын
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
@user-lm6iz5gg7h
@user-lm6iz5gg7h 3 жыл бұрын
Thanks for understanding you can also invest on crypto platforms and earn a lot per day
@chrisrosenkreuz23
@chrisrosenkreuz23 3 жыл бұрын
@@user-lm6iz5gg7h I've reported your account for investment fraud, just thought you should know
@makemoneynow5061
@makemoneynow5061 3 жыл бұрын
Really like your videos!
@trvr
@trvr 3 жыл бұрын
Awesome explanation!
@tristand.3164
@tristand.3164 3 жыл бұрын
All this talk about stake ended up sounding like steak and now I'm hungry... lmao
@investopads.9823
@investopads.9823 3 жыл бұрын
care for Bitcon investment tips for good returns?
@hysterlife7854
@hysterlife7854 3 жыл бұрын
Give a man a steak he eats once, teach a man how to stake he eats forever!!
@mnaga9625
@mnaga9625 3 жыл бұрын
@@hysterlife7854 nice
@KA-sx3sc
@KA-sx3sc 3 жыл бұрын
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.
@LynxStarAuto
@LynxStarAuto 3 жыл бұрын
Welcome to the real world bud.
@danieljoseph9439
@danieljoseph9439 3 жыл бұрын
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.
@taketheredpill1452
@taketheredpill1452 2 жыл бұрын
well done. I learned a ton
@ianboard3555
@ianboard3555 3 жыл бұрын
So what prevents entities with effectively infinite resources (eg a central bank) from simply taking over?
@kezza10mail
@kezza10mail 3 жыл бұрын
can anyone recommend where to stake coins ? i use binance, and it allows some coins but not a huge variation.... also, if the staking deals are "SOLD" is there anyway to be first in line when it is available ?
@investopads.9823
@investopads.9823 3 жыл бұрын
Are you interested in getting info for better crypto gains
@BuildingCenter
@BuildingCenter 3 жыл бұрын
Who thought “forge” is an appropriate term for generating blocks in a trust-free environment?
@OPIXdotWORLD
@OPIXdotWORLD 3 жыл бұрын
yep...me too...very appropriate..!!!
@jerelrobinson3762
@jerelrobinson3762 3 жыл бұрын
Thats a great question!
@TheB4mvfreak
@TheB4mvfreak 3 жыл бұрын
Forge also means to create, as in forged metal.
@Ivansthename
@Ivansthename 3 жыл бұрын
@@TheB4mvfreak Thank you. That should be the most common way to see that word but apparently is not.
@murdercloak7578
@murdercloak7578 3 жыл бұрын
Forge doesn’t mean “to counterfeit” it means “to make”.
@jopadjr
@jopadjr 3 жыл бұрын
Thanks Nate for the staking info. Great Video and Happy New Year mate.. Stay safe.. Cheers !!!
@cryptocasey.2524
@cryptocasey.2524 3 жыл бұрын
your welcome
@cryptocasey.2524
@cryptocasey.2524 3 жыл бұрын
Do you need me to decypher a new strategy on how to trade your cryptocurrencies for sporadic and maximum income?
@jheelshah7129
@jheelshah7129 3 жыл бұрын
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?
@nathanielcradle-yourrichfriend
@nathanielcradle-yourrichfriend 3 жыл бұрын
Staked baby! Earning 6% APR on money that I don’t plan on using for a while. Ethereum 🚀 🌚
@clydealmeida2052
@clydealmeida2052 3 жыл бұрын
Hi can u tell me what site is best to use for staking?
@tylerdurdennn2654
@tylerdurdennn2654 3 жыл бұрын
Hey man what if the price increases by 10x for ETH ?
@nathanielcradle-yourrichfriend
@nathanielcradle-yourrichfriend 3 жыл бұрын
@@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
@DocLunks 3 жыл бұрын
@@clydealmeida2052 Coinbase mobile app is very user friendly and allows staking of ETH and ATOM.
@clydealmeida2052
@clydealmeida2052 3 жыл бұрын
@@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?
@GeoGemIJewellers
@GeoGemIJewellers 2 жыл бұрын
Thank you for an easy to understand explanation of all of this.
@federicomagri8022
@federicomagri8022 3 жыл бұрын
Nate, you are the best! Thx!
@josephinechow7272
@josephinechow7272 3 жыл бұрын
Thank you so much! This is really helpful
@LivingWithTheGuzmans
@LivingWithTheGuzmans 3 жыл бұрын
Thanks
@investopads.9823
@investopads.9823 3 жыл бұрын
care for Bitcon investment tips for good returns?
@josethemacho
@josethemacho 3 жыл бұрын
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.
@mullygully1510
@mullygully1510 3 жыл бұрын
Radical!
@avsheshchopra3655
@avsheshchopra3655 2 жыл бұрын
it is all well explained, I want to know, do you any companies who run validator as service
@x.sotelo6904
@x.sotelo6904 3 жыл бұрын
Amazing info, well explained.. really appreciated. Top man!
@gw2502
@gw2502 3 жыл бұрын
32 ETH? That coin is like $1650 right now
@amrak7425
@amrak7425 3 жыл бұрын
You can get a few people to stake with you and lower the eth amount of your contribution
@FectacularSpail
@FectacularSpail 3 жыл бұрын
It broke $2k today, 32 ETH is over $64k now.
@xSmuckerZxJelly
@xSmuckerZxJelly 2 жыл бұрын
3.7k today lol better get in sooner than later
@DagolarFly
@DagolarFly 3 жыл бұрын
Loving the presentations, Nate Martin. Learning a lot quickly. Please keep it up.
@annetteveronica157
@annetteveronica157 Жыл бұрын
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?!!!
@DagolarFly
@DagolarFly Жыл бұрын
@@annetteveronica157 Suggested friend list....where?
@compteofficiel4112
@compteofficiel4112 3 жыл бұрын
very good explanation, thank you
@ricp
@ricp 3 жыл бұрын
Thanks for the great explanation..!
@gabemasgametv
@gabemasgametv 3 жыл бұрын
Wow. Rly love all the explanation. Now I´m feeling ready to stack some coins.
@skinneyjesus1550
@skinneyjesus1550 3 жыл бұрын
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
@gabemasgametv
@gabemasgametv 3 жыл бұрын
@@skinneyjesus1550 I was reading other stuff about it and I saw that some people are doing both, mining and stacking
@marygrace9117
@marygrace9117 2 жыл бұрын
You are amazing, thank you for all that you do in making our Bitcoin journey a little bit easier to navigate x
@WestOzCards
@WestOzCards 3 жыл бұрын
Excellent video. Well done.
@ste2158
@ste2158 3 жыл бұрын
what is happening to the pool of staked coins during this time? do they just sit there? that is the only part i don't understand. thank you!
@JPeezy789
@JPeezy789 3 жыл бұрын
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.
@geraldjohn4526
@geraldjohn4526 3 жыл бұрын
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.
@b.lemire7453
@b.lemire7453 3 жыл бұрын
32 ETH @ $1,200/Eth (as of this writing) means you need to put up $38,400 just to be considered for a node?!?
@chriskantai2351
@chriskantai2351 3 жыл бұрын
Cardano doesn't have a minimum stake amount
@klemenkovacic9109
@klemenkovacic9109 3 жыл бұрын
it seems crazy i know... the system that benefits the rich i guess...
@kezza10mail
@kezza10mail 3 жыл бұрын
@@chriskantai2351 it does on binance, it's 5000
@chriskantai2351
@chriskantai2351 3 жыл бұрын
@@kezza10mail I would recommend staking to a stake pool rather than a centralized exchange
@kezza10mail
@kezza10mail 3 жыл бұрын
@@chriskantai2351 any suggestions ? trying to keep it all nice, neat and secure. cheers
@e734127803
@e734127803 3 жыл бұрын
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 !
@OlegCapovani
@OlegCapovani 3 жыл бұрын
Amazing video, this is definitely the best and most pro crypto channel on youtube!!!
@OlegCapovani
@OlegCapovani 3 жыл бұрын
@99Bitcoins I follow your channel and look all your videos. Keep working like this!
@cassandrasalvador7273
@cassandrasalvador7273 3 жыл бұрын
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 KZfaq presentors about STAKING, it seems that the these 2 terminologies and the mechanics are the same. Any thoughts?
@diamondautomotiveco.6142
@diamondautomotiveco.6142 3 жыл бұрын
never give your keys to anyone ever lol
@SkyDread
@SkyDread 3 жыл бұрын
very clear, thanks
@SUBKOLOR
@SUBKOLOR 3 жыл бұрын
Really glad I found this channel. Great to share with friends and family that are new to the space.
@SUBKOLOR
@SUBKOLOR 3 жыл бұрын
@@themoon9122 scam reported
@magnusmillenvik1970
@magnusmillenvik1970 2 жыл бұрын
This was without doubt the best and most informative video on this topic I ever saw. Fantastic explanation
@shashankkaveti6894
@shashankkaveti6894 3 жыл бұрын
Can you explain the tax implications of staking? I heard that you have to pay taxes on the amount you’ve earned through staking.
@investopads.9823
@investopads.9823 3 жыл бұрын
Are you interested in getting info for better crypto gains
@aregli
@aregli 2 жыл бұрын
Really good video. Thx!
@AndRea-zw1yt
@AndRea-zw1yt 3 жыл бұрын
Thank you! Very interesting!
@cryptocasey.2524
@cryptocasey.2524 3 жыл бұрын
you are welcome
@THEHADIDA
@THEHADIDA 3 жыл бұрын
Who pays for the staking rewards? I.e. where does that ETH come from?
@BradCagle
@BradCagle 3 жыл бұрын
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.
@mandeepsingh-jh8mk
@mandeepsingh-jh8mk 3 жыл бұрын
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.
@adriansrfr
@adriansrfr 3 жыл бұрын
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.
@THEHADIDA
@THEHADIDA 3 жыл бұрын
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)
@Wildboy789789
@Wildboy789789 3 жыл бұрын
Its just like mining, your coins mine brand new coins
@redcapote4760
@redcapote4760 2 жыл бұрын
I remember the good old days before we had cell phones. Things were simpler, people were kinder.
@user-uh9mi5nz2i
@user-uh9mi5nz2i 2 жыл бұрын
Those days are long gone We dont need to die to go to hell anymore
@bradturner7678
@bradturner7678 2 жыл бұрын
People werent kinder, you were just exposed to less of them.
@redcapote4760
@redcapote4760 2 жыл бұрын
@@bradturner7678 Sorry, Brad. People were kinder.
@laurenz863
@laurenz863 3 жыл бұрын
Sooo good and thorough
@diamontie8
@diamontie8 3 жыл бұрын
So grateful Nate to your excellent teaching style.. you are awesome.
@johndean1281
@johndean1281 3 жыл бұрын
THE RICH GET RICHER BY SPENDING LIKE THE POOR AND INVESTING AND THE POOR GET POORER BY SPENDING LIKE THE RICH AND NOT INVESTING
@brokeindio5072
@brokeindio5072 3 жыл бұрын
"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.
@zealdmv3314
@zealdmv3314 3 жыл бұрын
​@@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
@brokeindio5072
@brokeindio5072 3 жыл бұрын
@@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.
@zealdmv3314
@zealdmv3314 3 жыл бұрын
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
@ikevini8323
@ikevini8323 3 жыл бұрын
@@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.
@funnymuscle
@funnymuscle 3 жыл бұрын
When I'm old in a home, some other old dude will be bragging about how he made his fortune doing this.
@Capitamerc
@Capitamerc 3 жыл бұрын
He probably wouldn’t be in a home lol private nurse status
@kbbb4227
@kbbb4227 3 жыл бұрын
Thank You.
@Freddie_Dunning-Kruger_Jr.
@Freddie_Dunning-Kruger_Jr. 3 жыл бұрын
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?
@monicajames6871
@monicajames6871 3 жыл бұрын
To know more about Bitcoin contact madam Rita for your investment and trading
@bestwirewire9327
@bestwirewire9327 3 жыл бұрын
Madam how can i invest
@jamesdozier4067
@jamesdozier4067 3 жыл бұрын
It was successful
@ritawatkins49
@ritawatkins49 3 жыл бұрын
How can i invest in this
@tombarry9054
@tombarry9054 3 жыл бұрын
How can i do this am interested
@pamelanewton4083
@pamelanewton4083 3 жыл бұрын
Madam Rita is an expert she did this for me
@sazzyoriakhi5457
@sazzyoriakhi5457 3 жыл бұрын
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
@sazzyoriakhi5457
@sazzyoriakhi5457 3 жыл бұрын
@99Bitcoins I'd very much appreciate such gesture, please share.
@hasoonnine
@hasoonnine 3 жыл бұрын
@@sazzyoriakhi5457 don't fall for it its a scam account
@sazzyoriakhi5457
@sazzyoriakhi5457 3 жыл бұрын
@@hasoonnine Thank Man I already noticed... Stupid idiots coming under every channel to prey on people, newbies especially!
@hasoonnine
@hasoonnine 3 жыл бұрын
@@sazzyoriakhi5457 they are absolutely everywhere, dont know how they do it
@littlebitmckee8234
@littlebitmckee8234 3 жыл бұрын
You are a great teacher! Thank you for sharing your knowledge!
@TehObLiVioUs
@TehObLiVioUs 3 жыл бұрын
there are staking POOLS as well though just like mining has
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