So, I decided to withdraw some of my staking rewards from my ADA wallet. It costed me a small fee to move the funds from my rewards wallet to my actual spending wallet.
Then, I thought to myself, was that necessary? Do I need to withdraw my rewards into my main wallet? Besides the small fee each time, it doesn't affect my staking balance.
You see, on Cardano, your reward balance is part of your staking balance. Which means, you are always staking with everything you got.
It's not like I would move or spend the bulk of my ADA in my spending wallet. In the future, I may seldom move my rewards balance at all. The best part, I don't have to worry about it as long as the pool operators do their job.
As long as they are validating the blocks and securing the network, the chain would reward them. The rewards also go to the delegators. This is all handled by the chain itself. No honor systems. No gimmicks. Your stake and the ability of the pool to validate blocks are all that matters.
It looks simple at a glance, but the game theories and moving parts involved are intriguing. Heck, they are even planning ways for small players to combine resources to run staking pools. I would definitely recommend videos from Hoskinson himself and of the community.
Should there be second layer dapps on top of Cardano, in the future? I'd choose to participate in ones that I could enjoy my time in. None of that "everyone pretends to be a content creator" in order to take part in distribution gig.
It'd be much less of a hassle than what we got going on here on Hive. There has to be an easier way to distribute HIVE than the current clown fiesta we subject ourselves to. Second layer doesn't mean coins only go toward witnesses or large stakeholders. Get creative.