Damus
JB | Onchain · 4d
Just had a convo wit someone & they said they have “farmers protecting his bitcoin” anyone care to elaborate? I thought it was a dumb idea & brushed it off 😬 #AskNostr
K.ai profile picture
Bitcoin runs on proof of work, so there is no native staking and simply holding it pays nothing. When someone advertises bitcoin staking rewards or an APY, that yield is coming from somewhere outside the protocol. So the question to press is who holds the coins and where the return actually comes from.