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rummy
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I once dropped a burrito in front of my most intimidating uncle.

I think I get more engagement on nostr than on twitter

くそ、うん、大きな犬!デム・トングが咲く!私もいくつかの雑草でクソのようにハイです

Replying to df125dd3...

There are different forms but you give it to a smart contract and (often) receive a secondary token that allows you to vote on the actions of the organization you gave it to. So your staking is kinda like buying stock in a company. Your money is tied up but you get a say in what happens. Well, depending on how these things are organized you can get all sorts of cool stuff. You could have a DAO that instead of staking for votes could stake for a pooled treasury that then makes investments and pools returns. Kinda like a mutual fund. (Concave Co-op)

You could have an existing platform that generates income from providing a service like options contracts that charges a fee for that service. Buying and staking the governance tokens allows you to vote in the platform but you also get a claim on the platform income! (Ribbon Dao). Then the derivatives kick in and the votes themselves can be sold and a 'bribe' market can be established where one can sell their governance votes thus getting paid platform fees AND for governance votes. Redacted Cartel is the first I have seen do this on an industrial scale with their Hidden Hand platform.

There are more and there will be MANY more similar things like this coming out with staking. NFTs are going to enter the staking world here soon and we are going to see these type of things bleeding into the real world. I am waiting for someone to figure out how to own and subdivide a property, like a vacation home, or a private jet using these tools. Holding 1/365th of the tokens entitles you to stay at the property for a day OR you get the income from that day if you stake it back into the property's DAO and it rents. Not all days are the same though so there will spring up a market where I can trade my Tuesday through Saturday in May for your Valentines day...

Its sick as fuck and all these boring maxis are missing out.

Thank you thank you thank you! Yeah, this shit is cool. Money has been effed since the government got involved

In 2011 or so I had a buddy who told me about Bitcoin. It was ~$10/coin. This guy was always scanning people, too. Anyway he tells me about the Silk Road, and that you can only purchase using this strange new Bitcoin digital currency. He couldn’t wrap his head around some aspects of it so I helped him figure some things out. I never bought any Bitcoin at the time (I’m glad I didn’t because I’d surely have lost it and I’d feel that kinda way) but this guy bought $1100 worth at $10 and bought sheets of lsd with it. Couple times.

Would someone please explain to me in basic terms what staking a coin means?

I was so fucking baked last night I was posting in Japanese

So that’s actually a little hack so I know who I’m not following. I followed you and now yours is purple

Damus recognizes my NIP-05, but Snort does not. Do they require npubs rather than hex?

#[0]​ did something special with this app. Hats off to you, sir.

I’m sooooo on the porch right now

ありがとうございます!これは洞察力に富んだ会話でした

I don’t want to know the statement that prompted the question

Welcome to Florida 🌴🌴🌴 ?cid=2154d3d7lbrf5eocusuf5x6ptixtevmvcr609os0x49b9jiv&rid=giphy.gif&ct=s