May the Lightning Gods not force close you at this moment in time 🙏
Discussion
Dare I even ask what “staking Bitcoin with Babylon Labs” is?
They stake bitcoin to earn yield on pos shitcoins. Possibly a point of failure is that synchronization is required between bitcoin and the shitcoin chain
So it’s BlockFi but with exorbitant fees. Perfect.
But it is dEcEtraLiZEd
Wild that people continue to throw their money at this stuff 🤦♂️
I assume it’s all just the VC ecosystem juicing each other’s retarded projects and trying to scam a few ignorant folks along the way.
Good point. At least they are funding the miners with their stupid games.
Gotta pay to play
The miners say thank you. Sad for the plebs being sucked into participating. At least lessons will be learned.
Indeed. Although I do think these are having a diminished effect over time. Too many painful lessons have actually been learned and the scams are getting tougher to sell.
If you look into the history of penny stocks, crypto scams are the new penny stocks. Penny stocks have been around for hundreds of years before slowing down, mainly because a better platform for scams came with crypto. The illusion of getting rich fast and easily blinds normal people. Sadly, these scams will always find another sucker.
There is no doubt about that. A sucker is born every minute as PT Barnum said.
A nice redistribution.
Good for miners now, but a blip in the long run.
Babylon Bitcoin Staking Protocol
A way to put your idle bitcoin to work by earning yield on PoS chains that need capital to back them
From their Litepaper
1. Fully slashable PoS security
2. Staker security
3. Staker liquidity
Hey its yalls money do with it what you will but ill be damned if id give someone the right to claim 1/3 of my #bitcoin because i violated your protocol.
I find Proof of Stake has a hint of truth in advertising they are all PoS.
#fiatfuckery
#PoS
Eclair gods decided to FC 3 of my channels, so fucking frustrated with this fee difference forcecloser mechanism in Eclair already. I want to scream into the void!!!!!!!!!
My condolences. I was sold generational channels what I got instead from the Lightning network is force closes at the worse times 😂😂.
There are some juicy fees available eh?
Cringe
This many people are falling for the “send me your BTC and I’ll send back more” scam? 🤦♂️