Why Hive is Perfect for Staking

in pimp •  6 days ago

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    If you're not staking your hive, why are you even on hive?

    Obviously that's a rhetorical question, and I know, I know; people need to eat, so many people have to sell what they earn, and that's cool too. I mean each to their own.

    But why aren't you staking, really?

    Many people dream of being someone -- anyone. Someone that matters.. to at least someone else. And you get that when you have a lot of hive power. People on chain treat you differently, there's an underlying level of respect, if not also combined with a little resentment from the lower leagues, but that's to be expected.

    You don't get that anywhere else in crypto, yet. Not that I'm aware of anyway. You can stake a lot of tokens elsewhere but unless you say something then people aren't going to know. They won't know who you are and it will also seem a little awkward if you go around telling people how much crypto you have.

    No-one likes a show off.

    But hive is different; you have to make yourself known to network with other people, and they can easily search your stake by taking note of your hive username and pairing it up with your discord name. It's how we get shit done over here.

    Is that a bad thing? Well, it has it's good points and bad points. One thing is for sure is that we are incredibly transparent, and anyone trying to do anything shady or sneaky, whatever's happening is easily searchable. Transparency is a good thing. I've heard a lot of people say that sunlight is the best disinfectant.

    Then there's the whole issue of telling if someone is trustworthy or not. It's not always the case but usually trustworthy people have a long term vested interest in the chain and will have quite a bit powered up.

    Our fees are free as well. So if you want to stake a million dollars then you can and without much hassle. It will be free to so -- which is different from any other chain I've been on. Staking can cost quite a bit with all the fees added. Not with us though.

    So far, through my experience anyway, and I think most hivers will agree with this, but Hive has proven to be the easiest and most straight forward way to stake and earn from that stake without having to worry about a massive price slide.

    And we have Dpos here. That's delegated proof of stake. So far that's by far the best consensus method I've had the fortune to come across. You can vote your consensus witness to keep the chain alive without having to lose any hive in the process. By the way. @brofund is a witness too -- consider voting us!

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