RE: DASH - $73 on Poloniex / Interest - Daily Interest Rates spike above 0.3%

You are viewing a single comment's thread from:

DASH - $73 on Poloniex / Interest - Daily Interest Rates spike above 0.3%

in cryptocurrency •  8 years ago  (edited)

Someone asked a similar question to me recently, something along the lines of "why not just hold instead of mining?" Check out the comments on this post for the more detailed explanation.

In short, the network can survive without people holding too long, but it can't survive without those verifying the transactions through the process of mining. That is why I believe mining to be more beneficial than just holding. Besides when you are mining you are also holding unless you sell your profits from mining.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!