31 sats \ 4 replies \ @BitcoinIsTheFuture 29 May \ on: Stacker Saloon
Never stake sats EVER! Finally got 97% of my sats back on Gemini Earn today. A forced HODL for all, time to move mine to cold storage.
Lesson Learned
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10 sats \ 3 replies \ @Hamstr 30 May
what happened? they held onto your SATs? to stake?
didn't even know you could stake Sats.
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0 sats \ 2 replies \ @BitcoinIsTheFuture 30 May
Not your keys not your coins. I staked for a yield and they gave me paper Bitcoin. They lent it to Genesis and with the FTX crash all my sats got lost… my understanding is that all these firms had GBTC so that’s why there was a lot of GBTC selling so that they could make me whole. NEVER EVER Stake. I got lucky give Genesis went bankrupt
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0 sats \ 1 reply \ @Hamstr 30 May
Paper bitcoin eh...You could put your BTC in Thorchain for real yield(1-3% something like that). Noncustodial wallet, however, not Lightning supported as far as I know.
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0 sats \ 0 replies \ @BitcoinIsTheFuture 30 May
Basically, but on the Gemini exchange they had a Gemini Earn product. Again horrible call
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