Bailed out, this is not a project for the average Joe if it needs to hold that large amounts of BWK.
While i could afford buying large stakes it doesn't make any sense in my opinion when the average joe doesn't see any purpose on staking his holdings.
Seriously, i try nearly every promising POS project and this so far turned out to be one of the worst, including no visible expected staking time and/or network weight of own holdings.
Long story short, i have my doubts that this project can achieve any kind of wider adoption than some big stake holders .... Anyway, good luck everybody ;-)
You don't need 5000, you can stake with just 500 or less, which right now costs less than 0.06 btc.
What does it matter if you get 2 stakes a day of 1 bwk each or 1 stake of 20 bwk every 10 days?
And right now, from what I hear, staking is even more profitable than masternode which is pretty decent itself.
And I staked with about 300 coins yesterday, so i assure you, it happens.
screenshot? i seriously doubt you got a reward with 300 coins yesterday.
I have 270 for months in my wallet and 0 reward since switch to POS. Don't missunderstand me, it's not a problem for me. It's a problem for the average joe and wider spread adoption.
While we are all experienced here, the average Joe isn't. And here accures the problem. Average Joe that got into crypto and staking and doesn't see any reward for days and weeks ....
Not good for sure, doesn't matter that after 1 year in theory he get all the rewards he could get.
If you get every minutes/hours rewards, no matter if it's some 0.001 or whatever, you build thrust in the project, in the staking wallet, you see it works as intended and the average joe
guy isn't worried any more. Damn, even if a crypto miner guy like me with big experience has some doubts if this one here is working as intended, what's left for the normal new guy to
crypto?
Nothing bad at all, every project decides his own where when with what how to go. BWK has choosen since somewhat strange staking path, so it be. For me personally it's doomed to fail,
but that's just my personal opinion and i prefer other staking profits that actually daily reward at least once per 3 days for my network weight and where someone gets an idea when a
reward will happen and not purely hidden like in the BWK wallet. I want to be confident for the long term that average users could/will/can adopt to a given project/idea and that it
outperforms direct competitors and that's whay i'am missing here all the road down, not even mentioning cryptopia as the main exchange which is another problem as we all know.....