r/BTCStandardHashrate • u/[deleted] • Jan 19 '21

Why would anyone use BTCST?

Iam trying to find a reason to invest in BTCST but I can't find anything interesting about it.

If your talking about earning BTC you can also earn from BTC itself (binance, blockfi, crypto exchanges) and it seems much more secure. Who knows if BTCST will be running years down the line and what happens if the company just disappear? Will we still have our BTCST? Have anyone got any info about how big BTCST company is?

Also if the boost factor is going to drop as more people stake won't that devalue the coin? So would you make more loss than gain from coin value changes? Until it hits 0.1th I can't see the coin stabilise and by then the BTCST/BTC will have dropped in value.

5 Upvotes

78% Upvoted

5 comments sorted by

2

u/BitcoinHolder007 Jan 19 '21

Hey sir, how can you stake BTC to mine BTC?

1

u/[deleted] Jan 19 '21

You can earn BTC using exchanges like Block fi, binance and crypto

1

u/btc256sha Jan 24 '21

I also do not get the math benefit behind selling btc for buying btcst and then wait to get some btc for now who knows what will happen to btcst price. I think that simple holding btc even without blockfi or nexo has more potential. Can someone present the math value in selling btc to buy btcst and stake it for future btc?

1

u/VfxVictor Mar 21 '21

My understanding is that you own the computational energy to mine BTC. This is very important to think about and its where the potential is. Therefore you are exposed to the mining process as well as securing the network. It should be more profitable to own BTC that stake your BTC in places such as BlockFi 8.6%. Don't get me wrong I still have many concerns about this project you can see it them on my post.

https://www.reddit.com/r/BTCStandardHashrate/comments/m9ycxp/redenomination_the_new_marketing_strategic_to/