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Edward H. Carpenter
@ehcarpenter
A lot of my fans seem to be MOXIE-maxis - so I'm very curious to get their perspective on this essay, which suggests that staking tokens for reasons other than PoS network operational requirements may be a cause for concern. What do you think, @inceptionally @leewardbound @katwolfie.eth @betashop.eth @ipeciura.eth @degencummunist.eth @6bazinga @kristinpiljay @thecurioushermit I look forward to hearing your thoughts/questions/answers!
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Gwynne Michele
@thecurioushermit
I get why you have reservations about locking, but I honestly don't see it as really any different from traditional banking mechanisms that are meant to get people leaving cash in banks for long periods of time so the banks can maintain liquidity - CDs being just one example of those "locking" mechanisms.
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Kristin Piljay๐จ๐ฆ
@kristinpiljay
Although the value of the USD is a bit more stable than crypto (changing only with inflation). For example, I bought $25 worth of TN100x back in May and it's now worth $1.80 or so.
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Gwynne Michele
@thecurioushermit
Yeah, that is true. Though Moxie seems to hit its sort of stable point, and with the growth of the fan tokens, if it stays stable, that growth makes locking still worth it, and if Moxie value grows, even more so.
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Kristin Piljay๐จ๐ฆ
@kristinpiljay
True. I have hopes for it and feel it's more stable than many other alt coins. But it seems at this point almost like an investing game of sorts. I locked about 35% and mostly the ones still in my airdrop lock, but at this point, I intend to mostly just hold what I have anyway. We'll see how it all evolves. But about stable points, I thought degen's stable point was between 0.15 and 0.25 as it hover there for a while and then it dropped to 0.028. It's recently back up a bit though.
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