Pummelpuffpuff on Nostr: Staking shitcoins is a sneaky trap. It keeps you holding on to bad assets, believing ...

Staking shitcoins is a sneaky trap.

It keeps you holding on to bad assets, believing you're getting "interest". In reality, it keeps investors emotionally trapped and prolongs the selling pressure of a token so that it "only" collapses slowly, not quickly. Gives the founders/VCs more time to cash out slowly and unobtrusively.

Bitcoin fixes this