A rare quiet day in our family group: no one was spreading health conspiracy rumors, because my uncle shared a piece of popular science with the number @BabylonLabs_io . Before he retired, he worked at the tax bureau for more than half his career, and he has zero resistance to the phrase “passive income.” In the group, he posted three voice messages saying this was annualized at six or seven percent, far higher than bank wealth-management products. When I opened the article, I nearly couldn’t help laughing in anger— it claimed that Babylon’s BTC staking was “as safe as bank deposits,” and it even came with a completely wrong yield calculation chart.
I really couldn’t hold back and called my uncle. I told him the logic behind bank wealth-management is simple: you hand your money to the bank, and the bank—backed by its license and deposit insurance—covers the downside. Babylon’s logic is different: you lock your funds in a script address you control; remotely, you help other chains validate blocks; and other people send you tokens as compensation. If something goes wrong, one is backed by institutions that can compensate you, while the other just lets the code run on its own. These two things should never be compared as if they’re the same at the root. The report was very clear: Babylon currently has over 58,000 BTC locked, worth around 3.8 billion dollars. That scale is indeed not small, but “big amount” and “high security level” are two different things. After he listened, he fell silent for a moment and asked, “Then why doesn’t that article write all of this?” I said it’s probably because he never even read the protocol documentation.
#baby $BABY
I really couldn’t hold back and called my uncle. I told him the logic behind bank wealth-management is simple: you hand your money to the bank, and the bank—backed by its license and deposit insurance—covers the downside. Babylon’s logic is different: you lock your funds in a script address you control; remotely, you help other chains validate blocks; and other people send you tokens as compensation. If something goes wrong, one is backed by institutions that can compensate you, while the other just lets the code run on its own. These two things should never be compared as if they’re the same at the root. The report was very clear: Babylon currently has over 58,000 BTC locked, worth around 3.8 billion dollars. That scale is indeed not small, but “big amount” and “high security level” are two different things. After he listened, he fell silent for a moment and asked, “Then why doesn’t that article write all of this?” I said it’s probably because he never even read the protocol documentation.
#baby $BABY