Do You Look For Ways To Earn Money Online? | EP#140
This is mainly for people who wonder why bother with all this stuff going on with cryptocurrency and blockchain and why should I even care? Well, because earning money online has never been easier than now in the time of blockchain and cryptocurrency.
Where people struggled with surveys and tedious tasks, they now can simply earn money for listening to a song while they earn money for each step they take on a jog and then come home and browse Brave earning $BAT for ads they allow and watching a video on a platform that utilizes Verasity giving them VRA rewards as well. Then they write a blog on Publish0x and post a video about plants on DTube and blockchain video hosting platforms and earn money on that while they sleep. We are able to monetize almost anything rather than struggle and grind to find ways to earn money online. Now all you have to do is what you always did, but get paid for it.
Do you agree? Let me know what you think about this in the comments below!
I have been working on a comprehensive platform review for some time, I would like to share with you the tools I’ve used to evaluate social media platforms and what I believe you should be keen on and what you want to stay away from.
In the section below I will share what you should look out for on any platform. A great example of a blockchain platform that meets all the requirements is the Steem blockchain and all its decentralized applications or dapps.
**Checklist For Blockchain Platforms:**
* Is It Actually Making Use Of Blockchain Technology?
* Is Their Cryptocurrency Really A Cryptocurrency?
* Does It Have One Or More Forms Of Monetization?
* Can You Stake Your Cryptocurrency In The Platform/Can You Invest In Yourself?
**Checklist For Any Social Platform (including many that you typically just see on blockchain and alternative platforms):**
* Do They Have A Great Feature Set?
* Is the Platform Easy To Use?
* Does It Have A Mobile Application?
* Does It Have A Good Design And Layout?
* Is The Platform Transparent With Its Users?
* Is The Platform Decentralized?
* Is The Platform Censorship-Resistant?
* Is The Platform Privacy-Focused?
* Is The Platform Distributed?
* Is There A Good Community On The Platform / Does A Community Exist?
* Does The Platform Load Quickly And Run Smoothly?
* Can You Advertise And Promote Your Content?
Let me know what you think about this in the comments below and don’t forget to subscribe!
If you can save 65% of your income and invest all of it for 10 years, you can retire given your expenses stay the same. I am one year in and completely on track having grown my investments by $50,000 in the last 365 days. Let me share with you how I did this, the mindset I have, and the investing strategy I used.
It was November 14th, 2019 when I started stock investing and at the time I had around $6,000 CAD worth of cryptocurrency. Since then I’ve managed to build my assets to over $56,000 in the past year. This isn’t to show off, this is purely to prove that it’s possible and to share with you some insights I’ve learned along the way.
**This is a brief breakdown of my portfolio:**
**Staking & Lending Crypto** – $4,908.27
**Growth Crypto** = $ 29,823.57
**Precious Metals** = $1,115
**Dividend Stocks** = $19,230.76
**Growth Stocks** = $1116.17
**Total** = $56,193.77
**I was able to achieve this with three simple principles. **
1. Budget, track everything, cut costs where possible, and save your money only to be used for investing.
2. Invest for the long term in assets that have great fundamentals and a good track record.
3. Dollar cost average in by investing the majority of your income every paycheck.
While my goal is 65% of my income invested over 10 years, you can adjust this to what works for you like 32.5% in 20 years which is much more realistic for the average person. I am frugal to a fault to be able to sustain my level of investing, but given the results, my methods have proven to be extremely effective.
One very important thing to consider is that I was an amateur and quite frankly, I still am. This is very encouraging because if you’re thinking that is what is preventing you from investing, I can confidently say that being a financial expert is not necessary in order to grow your wealth. None of this video or blog is financial advice, but the best time to start investing was yesterday. The next best time to start investing is today.
Most people want to get rich NOW, but 10 years isn’t a long time. If you can sacrifice most of the luxuries in your life and save wherever possible and then invest all of it, you can do this too. Some examples are cutting my own hair, watering down my beverages, not having a car, rarely eating out, buying $2.50 t-shirts instead of branded clothes, etc. I cover a lot of this in my saving 65% of my income series I recently started and my entire budget video.
**Saving money #1:** https://lbry.tv/@ScottCBusiness:4/invest:c
**Saving money #2:** https://lbry.tv/@ScottCBusiness:4/economics:6
**How I budget & save:** https://lbry.tv/@ScottCBusiness:4/business:3
I highly recommend everyone keep a budget and find creative ways to save money and practice financial minimalism. While I take it to somewhat of an extreme, I also enjoy myself occasionally and don’t recommend you sacrifice everything, but I do think most people can do a little bit more than they are already. A few luxuries and vices here and there are fine in moderation.
I noticed I have a lot more microphone feedback without the extra pop screen, but it’s easier to see me and the backdrop, so let me know what you prefer. I may just have to get used to sitting further away from the microphone.
Are you investing in crypto? Are you investing in stocks? How are you growing your wealth? What is the best strategy to growing your wealth? Let me know in the comments below and don’t forget to like, share, and subscribe as well!
***This is a LBRY first video meaning it shows up on LBRY at least 1 hour ahead of anywhere else.***
I recently had the chance to speak with Dan Hensley who is the co-founder of 3Speak on the Steem blockchain which is a video hosting alternative to YouTube and considered a free speech platform
3Speak is the home of Free Speech on the internet. We exist because Silicon Valley has gone out of its’ way to deplatform and demonetize individuals because of their political beliefs, or the kind of content they upload, not because they break the law. 3Speak is keen to ensure that those people who have fallen foul of Silicon Valley’s arbitrary rules have a place to call home.
These are some of the questions we went over:
• Can you tell us a little bit about yourself? – 0:15
• Can you give us a brief introduction to 3Speak? – 1:13
• For those familiar with Steemit and DTube, what is different about 3Speak? 2:44
• Is there a live streaming feature or do you plan to release one? – 4:52
• What gave you the idea and when did you start it and or begin to discuss the idea? – 5:58
• What are the next big updates for 3Speak to release soon or that are in the works? – 8:42
• Where does 3Speak fit in with other existing video platforms? – 12:00
• Where do you see 3Speak going in the next year? The next 5 years? – 14:50
• What is the current userbase size and how well is the project growing? – 17:52
• Can you share with everyone where they can go to learn more about this? – 19:42
Check out https://3speak.online/ for more information and to learn more about what they have to offer.
Let me know what you think about this in the comments below and don’t forget to subscribe!
There are so many blockchain social platforms out there that are awesome and so many more that are scams, shams, and full of spam. Let’s dive into what you should avoid.
Recently I’d posted on Twitter in response to Whaleshares claiming to be a great blockchain platform saying it was a scam and they wanted proof. While I’m at it I figured I’d cover some other less than honest platforms and or ones you’re better off avoiding entirely. I will also briefly mention some of the platforms that closed down last year.
Also, a quick shoutout to YouTube creators who are struggling with the new changes around commercial viability – check out LBRY, Steem, DTube, Bitchute, Gab, Flote, Cent, Cos.TV, UGetTube, OpenTube, TokenTuber, Minds, Uptrennd, and Sapien.
On top of covering Whaleshares which is the main focus, I will quickly go over Weku’s failure, Bearshares outright resetting everyone’s holdings, and why DLive is a scam and you should avoid it. Here’s one of my main explanations about DLive: https://youtu.be/--ritc7liOw. This is everything I could find. Mind you, this happened over a year ago. Also note that Narrative was essentially a scam and is done: https://youtu.be/-XwkcdugEGQ and recently Hyperspace also closed down.
The rest can be found in blog form:
Steemit: https://steemit.com/dtube/@scottcbusiness/76h4vrz2or5
Publish0x: https://www.publish0x.com/at-scottcbusiness/blockchain-social-platforms-you-should-really-avoid-xvdqkd
Let me know what you think about this in the comments below and don’t forget to subscribe!
You want to take full advantage of the social platforms out there that use blockchain technology or have crypto monetization, so here are the 8 platforms I used to make $2059.26 CAD worth of fiat & crypto in December as well as some insights on them.
My total alleged crypto social media income earnings are now up to $14,783.26 CAD not including crypto appreciation after originally receiving it.
**Timestamps:**
*00:00 Intro
00:33 Social Media Metrics
06:10 Crypto December Earnings
14:30 Total Earnings
15:23 Reasons To Use Them
16:28 Outro*
I’m committing to sharing these every month and linking you to my December metrics report PDF: https://www.filedropper.com/showdownload.php/blockchainlegacysocialmediametricsreport_4 or where you can normally find it on my Linkedin profile under featured: https://www.linkedin.com/in/scottcbusiness/.
To briefly go over my social media results for December, I received around 12,320 engagements, 11,775 video views, 2,730 comments, 4,260 followers, and 526,170 impressions.
**Now let’s dive into the earnings for December:**
Publish0x – 28 BAT – $0.25 USD = $5.60 + 0.018 ETH – $1,102 USD = $19.84 USD + 28 AMPL - $0.89 USD = $20.42 USD earned from post rewards. That’s a total of $45.86 USD.
Brave Browser – 6 BAT - $0.25 from ad rewards and creator donations for a total of $1.48 USD.
LBRY – 7,225 LBC - $0.083 USD = $599.68 USD from user earnings, content earnings, invites, etc.
Hive – 490 Hive - $0.13 USD = $61.25 USD from post rewards.
LeoFinance – 361 LEO - $0.44 USD = $119.90 USD earned from post rewards.
Read.Cash – 0.31338 BCH - $480 USD = $150.42 USD earned from post rewards.
SoMee – 61,963 ONG - $0.005 USD = $309.82 USD earned from post rewards.
DTube – 34.73- $0.27 USD = $9.37 USD earned from post rewards. 918 DTC = $247.86 USD earned from airdrops. That’s a total of $257.23 USD.
YouTube - $34.96 CAD earned from monetization
The grand total came to $1,621.46 USD which is about $2,059.26 CAD.
December has been really great and earned me about double what I made in November. With crypto being as bullish as it is, the amount I made in the past has doubled or tripled and I estimate the earnings I make today will also appreciate quite a bit. LBRY continues to perform very well and consistently been by far my top earner, and now with it at over 8 cents, I expect my earnings to continue going up. I’ve stopped reporting on Minds, Steem, & Uptrennd due to withdrawal restrictions and earning a very small amount. Read.Cash has grown massively I’m getting consistently good rewards there especially with the value of BCH going way up. I want to get my earnings to about $1,500 CAD worth of crypto a month on average and keep it there, but I know that over time all my earnings will appreciate to a value well beyond that anyway. LeoFinance has been performing very well with Hive and now my top consistent earners are Hive with LeoFinance, LBRY, and Read.Cash. DTube earns me a good amount, but most of that comes from monthly airdrops so I’m not sure how consistent that will be. SoMee currently has withdrawals turned off again so I’m not sure if I will be able to get the value that I earn which is a recurring issue with SoMee.
I will continue to share these reports every month to give you a breakdown of what my earnings are to be completely transparent and give you an idea of what you could do if you did the same as me.
What are your income goals? Are you using any of the platforms I shared above? Is this useful and or encouraging for you? Would you like to see these reports every single month to get a better insight into crypto social profitability? Let me know what you think about this in the comments below and don’t forget to subscribe!
***This is a LBRY first video meaning it shows up on LBRY before it gets published anywhere else. If you’re not on LBRY, sign up and get started here: https://lbry.tv/$/invite/@ScottCBusiness:4***
I spent some time with Dave from TruthRaider discussing Bitcoin, where it’s headed, crypto mass adoption, blockchain social media, DeFi, stablecoins, and CBDCs. Tune in to hear his thoughts on all these topics and more.
Dave shares his long-term vision on cryptocurrencies and much more through TruthRaider.com. In this interview, he tackles some hard questions like: Are we closing in on the end of Bitcoin as a speculative asset? Major institutions and countries are stepping in. What are the problems with DeFi? What will be the effect of Central Bank Digital Currencies (CBDC's)?
*This is a LBRY first video for all decentralized platforms.
These are some of the questions we went over:
• Can you tell us a little bit about yourself?
• How did you decide on TruthRaider and what was the behind it?
• Let’s talk about the collateralization of Bitcoin, do you want dive into that?
• How has the Bitcoin halving impacted the price and how will it continue to affect it?
• What do you think we need to reach new all-time highs?
• What would you say to new people coming into the crypto space today?
• What are your thoughts on blockchain social media applications?
• How is DeFi evolving right now and do you have any favorite projects in the space?
• Are you a Bitcoin maximalist?
• What are your thoughts on stablecoins and what will be the effect of Central Bank Digital Currencies (CBDC's)?
• So where can everyone go to learn more about you and your channel?
Check out https://truthraider.com/ for more information and to learn more about what they have to offer.
You can watch the video on BeInCrypto’s channel here: https://youtu.be/9Q2snnfSKfI
23.6% of all US dollars were created in the last year. This is a recipe for an economic collapse. You are losing the value of your money at a higher rate than you ever have before. So, what’s the solution?
This affects everyone regardless if you live in the US or not. The only way to counteract this is your fiat currency into something that is appreciating in value or at least not losing value.
This is one article that looks at US money supply over the last year: https://www.thestreet.com/mishtalk/economics/23-6-of-all-us-dollars-were-created-in-the-last-year
This is the official data: https://tradingeconomics.com/united-states/money-supply-m2
Consider this. You work for 40 hours a week for $1000. Then when you get your paycheck, you see that you only received $764. You question what happened, but you are told this is how it has to be. You look at other jobs and realize that this has happened to everyone. You are given a raise of 5% for all your hard work and yet somehow you are still only making 81.40% of what you were supposed to earn. This isn’t even taking into account taxes, but this is one way to visualize what’s happening to your income, wealth, and everything you own due to hyperinflation. This hasn’t been fully realized yet, but about 10% has. This will continue to get worse and the only defense is investing in assets. The problem is we can’t see it in this context, and this is only one year… this will continue. You end up fighting a zero-sum game of trying to beat inflation.
This chart lets you see how the USD has performed over a given period of time. I look at the 1 year chart: https://tradingeconomics.com/united-states/currency.
This is a visualization of the loss of buying power for the USD over the past 100 years: https://howmuch.net/articles/rise-and-fall-dollar.
Whether you decide to invest in real estate, gold, bitcoin, stocks or otherwise. You need to action into securing your finance before it’s too late. Now I will say that the stock market may also collapse with the economy, but gold and bitcoin are solid assets. Real estate may be volatile too, but it will always have value.
What are your thoughts on all of this? What are you investing in? Do you think the economy is sustainable? Are we headed for an economic collapse? Let me know in the comments below and don’t forget to like, share, and subscribe as well!
***This is a LBRY first video meaning it shows up on LBRY at least 1 hour ahead of anywhere else.***
Check out my interview on RealT with Remy & Jean-Marc Jacobson. We dive into earning passive income from real estate, crypto-asset tokenization, and how the two can combine with real estate to grow crypto wealth.
For the first time, investors around the globe can buy into the US real estate market through fully-compliant, fractional, tokenized ownership. Powered by blockchain. RealToken provides investors with a simple, intelligent, and user-friendly method to buy into fractional, tokenized properties, leveraging the U.S. legal system and the permissionless, unrestricted token issuance of Ethereum.
Investing with RealT means low maintenance property ownership, access to cash flows related to the property (e.g., rent), and frictionless ownership transactions via RealTokens.
You can see in my previous investing videos that I earned a decent passive income through RealT consistently for several months and while I’ve sold my tokens, which works great, I have only done so to invest in Bitcoin during this bull run and intend to buy more RealT tokens in 2022.
**Timestamps:**
*00:00 Intro
00:30 Tell Us About Yourselves
12:00 What Is RealT?
19:38 RealT Expansion
27:00 RealT Origins
27:35 How Many Properties?
32:55 How Liquid Are RealT Tokens?
36:20 Payout Process Changes
42:10 Future Of RealT
43:30 Property Re-Evaluation
46:25 RealT & Competitors
48:25 Outro*
**These are some of the questions we went over:**
• Can you tell us a little bit about yourself?
• How and when did you originally get into cryptocurrency
• Can you give us a brief introduction to RealT?
• What problem does RealT solve?
• Is this just US?
• How did RealT get its name and what was the original idea or motivation to start it?
• How many properties do you intend to acquire? What is the acquisition and tokenization process like?
• The payout process is undergoing several changes, can you speak a little to that?
• How does price appreciation for properties work and how is that updated for holders?
• What are the next big updates for RealT to release soon or that are in the works?
• Where does RealT fit in with or differ from other existing similar projects?
• How do you solve issues around the liquidity of the token?
• Where do you see RealT going in the next year? The next 5 years?
• So where can everyone go to learn more about this?
Check out **https://realt.co/ **for more information and to learn more about what they have to offer.
Have you tried out RealT or anything similar? What are your thoughts on real estate and real estate tokenization? Are you planning on investing in any crypto real estate? Let me know what you think about this in the comments below and don’t forget to subscribe!
**This is a LBRY first video meaning it shows up on LBRY before it gets published anywhere else. If you’re not on LBRY, sign up and get started here: https://odysee.com/$/invite/@ScottCBusiness:4**
Banks can hold up to 1% of their reserves in BTC and ETH 2.0 is scheduled to merge on September 19th. Let’s discuss the two biggest catalysts for the next crypto bull market.
This is my 531st episode/article. I put a great deal of work into this content so if you find it valuable, please do like, share, comment and subscribe!
It was recently announced by the bank for international settlement that they would effectively allow banks to keep up to 1% of their reserves in Bitcoin - https://finbold.com/bank-for-international-settlements-to-allow-banks-to-keep-1-of-reserves-in-bitcoin/. This will be using their tier 1 capital. This is the link to the official document if you’re curious - https://www.bis.org/bcbs/publ/d533.pdf.
While it’s not exactly clear which crypto assets are included, they mentioned those held in ETFs like Bitcoin and Ethereum and they also mentioned Bitcoin directly. Whether or not this could be made up of many cryptocurrencies, we know ETH & BTC are in that list and presumably near the top. I expect they will also hold stablecoins for better liquidity between the traditional system and crypto.
According to Statista, the top 15 banks in the world hold about 3.1 trillion dollars worth of fiat valued in USD within their tier 1 capital - https://www.statista.com/statistics/268322/top-banks-worldwide-by-tier-1-capital/
So then, if 1% of all that money from just those 15 banks was set aside for Bitcoin, you’d have nearly 31 billion USD worth of crypto. BTC is currently valued at $22,777 meaning that they’d be able to acquire approximately 1,359,677 Bitcoin.
Based on the chainalysis of Bitcoin stating that the current liquid amount of BTC is 1,457,477 - https://markets.chainalysis.com/?asset=BTC&range=180#supply-liquidity, that would mean that those 15 banks alone would be acquiring almost all the liquid supply left or approximately 93%. If every bank did this, there wouldn’t even be close to enough Bitcoin to even support this action and we’d literally run out of all available supply making it insanely hard to get and extremely valuable. Even if just the top 15 US banks were to do this, that would still account for 10 billion worth of BTC or nearly 1/3 of the current liquid supply.
Not only that, but Ethereum developers have also recently announced that September 19th is the scheduled merge of the mainnet to “Ethereum 2.0” - https://insidebitcoins.com/news/ethereum-eth-rockets-40-ethereum-2-0-merge-in-play. The biggest change being that they will be able to massively scale Ethereum allowing for gas fees to be negligible and for massive amounts of volume to be unleashed on the network. This will make most competing Ethereum chains irrelevant and also with enough volume, Ethereum will become deflationary again due to its burning mechanism based on volume allowing for more Ethereum to be burned daily than what is inflated.
These 2 major events I believe are extremely underrated and that these could actually be the catalyst to take Bitcoin and Ethereum on their next bull run and send us into 2023 with massive gains.
Do you consider this very bullish for ETH & BTC? Do you invest in cryptocurrency? When will we get back to a bullish market? Let me know what you think about this in the comments below and don’t forget to subscribe!
*Disclaimer: This is not financial advice and is purely for entertainment purposes. What you see, hear, or read is my personal opinion, and any statements made are based on my views and should not be misconstrued as fact. My crypto portfolio may or may not be simulated*
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