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RE: Mainstream Market Turmoil = Get Those Coins Out Of Exchanges! 2FA Your Email, Too!
Yes, exchanges and such are really creeping me out. Myetherwallet seems possibly less trust-able too.
I have some funds on Binance and with them closing down the exchange some days ago this spooked me too. I guess these things are good... they remind us that we need to stop trusting them blindly.
Also, PivX doesn't stake without running a node.... or does it??? 'cause I may be interested if it's easy like 'staking' NEO
Indeed, I referenced the same ongoing drama in my post. I didn't have a chance to fully research it, and I suspect it may blow over, however it's a very real concern as of today.
This is an option for PIVX:
https://pivxmasternode.org/masternode-setup/masternode-service-providers/
I have no idea how much counterparty risk this adds, due diligence required. I haven't staked PIVX.
So, I looked into it a bit more ( https://pivxmasternode.org/what-is-a-masternode/ ), and came across this passage:
"To promote an even ratio between staking nodes and masternodes in the network, the PIVX team has developed a variable Seesaw Reward Balance System that dynamically adjusts its block reward size between masternodes and staking nodes."
"Each PIVX PoS block reward is split with 10% dedicated to the budgeting system and 90% dedicated to both the masternodes and stake mining reward. The reward portion is further split dynamically via the Seesaw Reward Balance System between masternodes and staking nodes."
Sounds like you may be able to stake with less than a Masternode, but I haven't looked into doing this with Pivx and don't currently own any. One of the better looking projects out there IMO though, I've traded it in the past and it did well.
Hmmm... interesting, but I think both a regular node as well as a masternode require you to actually run a node, aka keep a computer online or rent something to run it for you.
This never works out cost-wise for me as I don't usually invest enough to make it profitable enough.
Not like NEO or Ark where you have no costs or real effort involved to get the reward. I love these easy systems: they are like my crypto savings account that gives me interest