I recently posted on how Coinbase has recently returned to offering staking on certain currencies, other than USDC, which it has been doing thoughout. Yesterday, I was thinking about this again and I found myself pondering this very question and I thought it was worthy of a bit more exploration, hence my article's title.

This isn't necessarily one of my best researched articles - sorry for that - more of a mindful meandering.

Let me explain. A basic principle behind any monetary system is that scarcity is inflationary and abundance is deflationary. Hence when an economy is running into trouble the worst thing your government can do is print money to cover costs - as the increase in supply reduces the overall value of the currency.

So, I found myself looking at my portfolio last night and the most glaring thing I noticed is the stockpiles of Tezos and Cosmos that I am holding - and staking at a reasonable rate - and especially Cosmos. This means that my Cosmos is significantly being added to on a weekly basis according to what I am holding (hodling) and while I am growing the quantity of my portfolio its price continues to fall so I am reducing the quality of my portfolio and hence making an overall lost despite holding more and more of the currency. Tezos are following a similar pattern.

Are both projects simply "printing money" as a last ditch attempt to save them?

This is feeling increasingly likely to my mind and the only silver lining I have is that if both currencies tank at least I will be holding more - and you never know there might be a bounce back - but in both articles in which I discussed the two of them my future estimates for their value was somewhat limited. The only other alternative is to bail on both and that would mean to lose everything effectively or have to start again with something else at a massive loss.

Admittedly, I am also staking other currencies that seem to have a healthy outlook for 2030 despite current prices and maybe this is where my emphasis now lies - Cardano, Solana and Polkadot and in fact now is the time to buy - the staking rate is not so lucrative on these currencies bit given what I have already written about "dying currencies" (and I am not knowledgeable enough to determine that for certain tbh) this may be the cause for future optimism - not so much is being given away because it is coming from more solid projects.

And one final note on Coinbase staking is that has the market has changed over the last couple of months and prices are falling it is interesting to see they have reduced their staking rewards on USDC, just exactly at the time when people have probably swapped more volatile assets to stablise their porfolios.

Just saying - and maybe I am being a bit cynical - but the point I imply is valid.

Short and sweet today.

As always stay safe and well my friends.