Calling ETH’s staking yield “fake” shows a basic misunderstanding of proof-of-stake. That yield isn’t some gimmick — it’s native block rewards and fees paid to validators for securing the network, exactly like miners earn in Bitcoin. The only difference is the mechanism: Bitcoin rewards hash power, Ethereum rewards staked capital. Both are built into the protocol and essential to security.
Labeling ETH’s yield as “fake” while celebrating Bitcoin’s block subsidy is inconsistent — they’re the same concept applied to two different security models. If anything, staking offers a more capital-efficient way to secure a network without the enormous energy cost of proof-of-work.
Meanwhile, this so-called “BTC with yield” isn’t coming from Bitcoin at all — it’s off-chain financial engineering from BlackRock or another intermediary. That introduces counterparty, custodial, and regulatory risk just to earn a small return. If the middleman fails or is frozen, your yield (and possibly your principal) disappears.
Ironically, ETH’s yield is more real because it’s paid directly by the network with no intermediaries, no wrapped products, and no off-chain promises — just the base-layer economics that secure the chain.
Gosh you are a deceptive one Obsidian. I would stay stubborn, but I think deceptive is the better word, and I believe you are smart enough to know the reality of what you are posting. Eth promotors have tried every trick in the book to deceive people with slight misapplications of established financial concepts. Eg, "Eth is better than BTC, because can enable smart contracts as well as functioning as a store of value". "Eth is better for the environment". Misusing the concept of what a treasury in traditional finance is, hence mis-promoting the concept of an "Eth treasury company". (Those who invested in any such "Eth Treasury company" will be burned) - the concept of an Eth Treasury company makes about as much sense as saying you are an "Apple Treasury company, or a Walmart Treasury company" and then selling your stock at a premium to the price Apple's stock or Wallmart's stock. Your favourite one - "BTC miners may lose the incentive to mine" - when the reality is that hashrate is an an all time high. Moving to a fake "proof of work", where no work is actually needed, calling it "proof of stake", and claiming this is better that actual work to support a scarce asset. And now with this Eth is better than BTC as it provides a "yield", which is also fake and misleading. A real yield, would be a legitimate payout from revenue earned using the protocol, (not just the issuance of newly printed tokens which dilute the total number of tokens in circulation). Its insidious stuff, as some of this does cause investor confusion, and amounts to a kind of financial trickery which preys on people's lack of basic financial concepts. Paying out a yield from an ever diluted asset, really does amount to a Ponzi scheme - doing this with "crypto" is just the latest version of this concept. Eventually though, always, the market does eventually reflect the reality. Not just that, but Eth again is in the middle of a rock and hard place. It's not rock solid BTC with yield but its function and utility based on its perfect scarcity, yet on the other side, Solana, and every other shit coin can simply offer "double the yield of Eth", by doubling the number of coins they issue to existing coin holders, and then someone comes and offers quadruple the "yield", etc. Shitcoinery always gravitates to the lowest common denominator, and eventually it kills itself. (Only winners are the exchanges, the shitcoin founders, the "investors" who managed to get in/out in time, and of course Bitcoin holders, who just continue to be justified over and over.
You are right about the comment that "This so-called “BTC with yield” isn’t coming from Bitcoin at all — it’s off-chain financial engineering from BlackRock or another intermediary. That introduces counterparty, custodial, and regulatory risk just to earn a small return. If the middleman fails or is frozen, your yield (and possibly your principal) disappears."
Personally, this product is not for me, but for those who are persuaded that an asset that produces a "yield" is more desirable, this is yet another product (among many) that we will see based on a derivative of, or built on, BTC. Also all the various MSTR products.
Back at 125.
