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RE: My ONT Staking: The Perils of Buying Coins, Staking Them, And Ignoring Them

in LeoFinance4 years ago (edited)

Hmmm. I also own some ONT @joshman. But I have never owned enough to stake them, so ... Can't be of much help. ONT caught my eye, though, simply due to my slight aggravation at the requirements for getting your "unbound" move to "bound." A little "carrot," every time I think about opening my ONT wallet ... Not to mention the additional aggravation of only being to move whole integer amounts!?

On your broader point, though, it is very important. Accustomed my whole professional career to engage in "monthly closing" activities of one sort or another, I have found the tedious nature of attempting to consistently do that in retirement to be ...

Enough to keep me from doing it consistently! 😉

Knowing full well that is when you might catch issues, if there are any, in a relatively timely manner, while they are still "fresh." Worse, with various of the cryptos I own, I have run in to one issue or another and been "stopped cold." At which point, I have set it aside for "when I can get to it" ... And, surprise, surprise, a number of them are still waiting for me to "get to it" ...

So, interesting point you raise, as you certainly are not alone. I try to just chalk it up to the overall immaturity of the industry and think, if I just can persevere, it will eventually get better. We'll see! 🤷‍♂

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I certainly lack consistency with managing my crypto projects. I'm trying to better document things and keep up with the news for projects I'm invested in. We are basically small scale venture capitalists. We will lose money on 80% of our investments, but are hoping that 20% of them make up for all of those losses and more.