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25 sats \ 1 reply \ @moel 28 Mar 2023 \ on: Fedimint Stability Pool bitcoin
I just realized that this is a safe way for bitcoin holders to “stake” my bitcoin in a risk-free way that pays small dividends.
It will be noting like the APY that degenerates on shitcoin platforms offer, but maybe like 0.1% to 0.5% per year. That is not bad for no work at all.
And we can all have the warm feeling inside that we are helping the bitcoin ecosystem grow.
Also, with the halving next year, block rewards will be 3,125BTC, and the next halving only 1,5625. Probably an easier way to earn yield will then be not to mine but to stake in small to large stability pools.
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25 sats \ 0 replies \ @SpaceHodler 28 Mar 2023
Mining is not a way to earn a yield; that's PoS and BTC is PoW. You use energy to earn BTC. Mining will always be profitable to some (as long as there is a non-zero block subsidy), thanks to the difficulty adjustment. There are multiple variables at play here and the system is designed to stay in an equilibrium. Halvings shake it up, but it finds a new equilibrium.
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