Financial freedom isn't as hard to achieve as most might think. They conflate it with being wildly successful and wealthy, but really it's just about being able to do what you want with your time.
I personally believe that financial freedom can be achieved by sacrificing the leisures and luxuries that you think you need but really just want.
It really comes down to the lifestyle you live. Someone making 50K a year could end up with more money saved and invested than someone making half a million a year because of the lifestyle they live.
You can support me via ? ETH: 0xE0d930a0aa8e57e037D749a868ade5682a34e88e BTC: 3Bh49RK9GM6Q15a6q13MMfvMbrWihJMast LTC: MRLLJe9Fywxq1f9ehjDDZNT8ar7MKx3ZS1
Something that I’ve increasingly noticed is that the common misunderstanding around cryptocurrency isn’t so much the blockchain as much as it is that people don’t fully understand fiat currency and how it works.
When we look at a commodity like gold, we can understand that its value comes from the fact that people want it, it’s hard to acquire, it’s not easy to counterfeit, there aren’t many counterfeits, it would be valued generally the same no matter where you go, it doesn’t matter who produced it, there are accounting processes to track how much gold there is (including several blockchain technologies), there is a limited amount of it, and because of all these things its value typically trends upwards.
When we look at fiat currency like the US dollar, we can recognize that its value used to come from gold, but now that is has been off the gold standard for so long constantly inflating it only fulfills 1 of the 9 features we previously mentioned. People do want the US dollar, but not everyone because of the other features it doesn’t fulfill. It’s significantly easier to acquire than gold, it cannot be used everywhere, it isn’t valued the same everywhere, if it wasn’t produced by an authority in the United States then it’s counterfeit, it’s significantly easier to counterfeit, there’s a lot of counterfeit money, there’s no solid methodology for accounting and tracking existing money, there, there’s no limit to how much US dollars can be printed, and because of all of these things and inflation, it trends downwards.
For the rest of this blog check it out on Publish0x: https://www.publish0x.com/at-scottcbusiness/it-s-not-crypto-they-don-t-understand-it-s-fiat-xywkxw
With project Veritas being uncovered amongst all the other crazy political interference and censorship scandals going on, we need some legislation to set things right to protect free speech and liberty. Josh Hawley, a Republican senator has stepped up to the plate to introduce a bill that attempts to minimize the overreaching powers of massive big tech companies like Facebook, Twitter, Google, and all the other big tech companies that more or less have a monopoly on social media, communications, advertising, and search engines on the internet.
In this video, I go over the article I wrote about this issue and cover it point by point on video for those prefer to hear it and or watch it.
This is the article on Minds:
https://www.minds.com/scottcbusiness/blog/bill-affecting-cda-section-230-could-change-everything-992679047499386880
or on Steem:
https://steemit.com/politics/@scottcbusiness/bill-affecting-cda-section-230-could-change-everything
? You can also follow me on:
YouTube - https://www.youtube.com/channel/UCDBycVghUbnimnzqirsU1Jg
Steem - https://steemit.com/@scottcbusiness
Minds - https://www.minds.com/scottcbusiness
Publish0x - https://www.publish0x.com/at-scottcbusiness/
Uptrennd - https://www.uptrennd.com/user/scottcbusiness
Gab - https://gab.com/scottcbusiness
Twitter - https://twitter.com/Scottcbusiness
Instagram - https://www.instagram.com/scottcbusiness
LinkedIn - https://linkedin.com/in/scottcbusiness
? Support Me Via:
https://www.subscribestar.com/scottcbusiness
ETH: 0xE0d930a0aa8e57e037D749a868ade5682a34e88e
BTC: 3MWhAo2pbrKLmhkRGj8WuTo2VzLVeuimTs
LTC: MJMYVTL5iL9GvyQJcn7w7uiyUFMuSFDHke
#bigtech #censorship #politics
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https://www.youtube.com/watch?v=P2cquTGhoDs
I’ve been asked a lot of various questions about LBRY, so I wanted to cover everything by doing a video on the basics. We briefly look at channel creation, publishing, your wallet on LBRY, and much more.
A lot of the questions were like how to publish a video, where to access your wallet, and how do you get the LBC you earn? These are also covered in their FAQ you can find here: https://lbry.com/faq
To start we look at creating a channel and the metadata you can fill out, then we go through the wallet, tip claiming, and I briefly mention supports, but I have this covered in another video you can find here: https://lbry.tv/@ScottCBusiness:4/How-To-Earn-3X-More-Lbc-On-Lbry-1:1. After the wallet, I cover publishing a video/post. Then we look at tags and customizing your feed, following others, and rewards.
We also look at the difference between the app and the site which are very similar but essentially you have a smaller upload limit of 1 GB videos when uploading via LBRY.TV. Given you can compress videos on something like Handbrake, this shouldn’t be an issue, but otherwise, you must use the application.
What we didn’t cover was signing up and installing LBRY which I will do in a separate video in the future.
Also, be sure to check my post “Giving Away Over 9,000 LBC!” as I am running a contest where I’m giving away more LBC to random people for every follower milestone I hit: https://lbry.tv/@ScottCBusiness:4/free-crypto:c.
Check this out if you’re new to LBRY or have some basic questions about it. This is part of the many tutorials and guides I am compiling around learning how to use LBRY. So, if you have any other questions or tutorials you’d like to see, please comment them below.
There are many ways that most true blockchain integrated social media platforms are better than traditional legacy platforms. Some platforms have all these benefits and some only have a few. The main benefits are transparency, decentralization, monetization, censorship-resistant, privacy, distributed network, and the ability to stake your investment.
Mind you, these aren't only seen on blockchain platforms, but tend to be more prevalent in blockchain and would imply it's a good platform.
For the full blog breakdown of each of the 7 ways blockchain is better, go to:
Minds: https://www.minds.com/scottcbusiness/blog/7-ways-blockchain-social-media-platforms-are-better-1023628135453687808
Publish0x: https://www.publish0x.com/at-scottcbusiness/7-ways-blockchain-social-media-platforms-are-better-xeeqzo
Let me know what you think about this in the comments below and don’t forget to subscribe!
Hey everyone, I slightly improved the podcast image, what do you think?
See, I want it to be perfect now that my podcast has been listed on Spotify, iHeartRadio, Apple Podcasts, and I uploaded it to Castbox too.
Super grateful for everyone's support. Keep tuning in! If you want to hear my regular episodes on there too, let me know in the comments below.
These are the links to all four:
https://open.spotify.com/show/0BanvC57XgA9Qz9HYfuePm?si=Ny7tSJFbRhiH27Vf33pY3A
https://podcasts.apple.com/ca/podcast/crypto-things/id1511126952
https://www.iheart.com/podcast/269-crypto-things-61216250/
https://castbox.fm/channel/Crypto-&-Things-id2687542
Thanks for watching and listening!
Seeing a complete breakdown of what you could earn in one month from crypto social media is super inspiring and it’s also useful to track so I will share with you the 10 platforms I used to make $1,803 worth of crypto in May.
I’m committing to sharing these every month and linking you to my May metrics report PDF: http://www.filedropper.com/blockchainlegacysocialmediametricsreport_2 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 May, I received about 73,600 engagements, 32,880 video views, 3000 comments, 7,850 followers, and 1,323,000 impressions.
Now let’s dive into earnings:
Publish0x – 65.1 BAT – $0.2276 USD = $14.82 + 582.3 LRC - $0.0589 USD = $34.30 + 30.96 DAI - $1 USD = $30.96 USD earned from post rewards. That’s a total of $80.08 USD.
Brave Browser – 65.15 BAT - $0.227 USD = $14.79 + 0.0603 ETH – $246.70 = $14.88 USD from ad rewards and creator donations . That’s a total of $29.67 USD.
LBRY – 25,427 LBC - $0.038 USD = $996.27 USD from user earnings, content earnings, invites, and more
Steem – Around 173.8 - $0.213 USD = $36.97 USD from post rewards
Hive – Around 552 - $0.26 USD = $143.52 USD from post rewards
SoMee – 15,122 - $? USD = $? USD from post rewards
Flote - 0.00026 BTC in donations received – $10,000 USD = $2.46 USD
Uptrennd – 2,000 1UP – $0.00505 USD = $10.10 USD earned for post rewards
Minds – 0.147 ETH - $246.70 = $36.19 USD earned from Minds Pro this month
COS.TV – 194 COS – 0.008 USD = $1.55 USD earned from post rewards.
The grand total came to $1,306.76 USD which is $1,803.33 CAD. That is $1,115.45 CAD more than last month or an increase of about 263%.
Read the rest on Publish0x: https://www.publish0x.com/at-scottcbusiness/crypto-and-blockchain-social-may-metrics-and-earnings-report-xmdmvoy
Wow. Narrative is shutting down. It was just last week that I finally decided to certify on the platform for better rewards which I did so reluctantly given they require you to pay via Paypal. Let me tell you why I think it was a scam.
In my comprehensive review I had said:
“Narrative looks like it could have potential, but it’s mainly geared to reward early adopters. Like for example to start a new “tag” or niche as they call it, you have to bid on it and it could be anywhere from $50-$500. I don’t think it’s realistic that people would pay that, but they have. I’ve only scratched the surface so maybe there is more to the story that is Narrative. You need a NEO wallet to earn NRVE. When digging in further into platform I found that niche owners are upset because they actually have to renew their ownership and they have earned next to nothing as the owner but spent between $50-500 so for quite some time I expect this to only generate losses. Maybe users will have a good time here, but I don’t think it’s quite ready yet. I will try to use it more to test it. You also need to pay $15 via Paypal to certify.”
You can find my Minds version of the comprehensive review here: https://www.minds.com/scottcbusiness/blog/comprehensive-blockchain-social-media-platforms-review-iv-1038934439106088960
For a while I had noticed that people complained they were losing money hosting niches or “categories” and I wanted to continue to test this on your behalf but low and behold a platform I had not recommended in my review didn’t hold up just like Hyperspace and surely 99% of the rest I didn’t recommend.
This isn’t to brag that I was correct, I lost money. This is to show you that my comprehensive reviews clearly have some merit and insight into where this space is headed and to give you the best idea where to invest your time given I’ve been historically correct and the ridiculous amount of time I put into these reviews and all the other things I do.
The point here is that I will lose money, get scammed, and waste my time on your behalf so you don’t have to.
According to their statistics: https://www.narrative.org/hq/reporting/network-stats they sold over 1000 niches and only ever gave out $1,152.53 USD worth of rewards.
I don’t know how much niches cost originally, but today they were listed at 695,345 as the minimum bid which is you bought NRVE during the ICO would cost you about $80,000 USD plus you had to renew yearly.
What’s really crazy is they raised millions of dollars: https://tokensale.narrative.org/
This is their official shutting down post: https://www.narrative.org/post/narrative-sunsetting
Follow me for more updates on blockchain and crypto-monetized social media and please feel free to donate to scottcbusin
...
https://www.youtube.com/watch?v=-XwkcdugEGQ
May is fiat free month where people are being challenged to find creative solutions to pay bills and live their life as they normally would without using fiat currency. Joel Valenzuela aka TheDesertLynx shares with us how he’s been living fiat free since 2016.
He shares with us the many methods and processes he takes to be able to spend, pay bills, transact, and everything you need to be completely fiat free and bankless. The idea behind it is that he wants permissionless and privacy-focused solutions. He hopes to show people with his example that this is completely possible and doable.
He has many videos on his channel and he is creating a series teaching people how to live fiat free and I highly recommend checking out his channel and content to learn more as well: https://www.youtube.com/user/DesertLynxProdt
I urge and encourage you to try out the #fiatfree challenge share your journey in May with crypto using that tag on social media to participate in the crypto revolution.
Do you use a crypto card? Have you tried anything he uses and or do you plan to? Let us know in the comments below what your thoughts are on all of this. Will go you fiat free this month? Don't forget to subscribe.
Hey everyone, I wanted to share another update on my dividend portfolio and my passive income investing journey in stocks and crypto. We’ll be covering my recent cryptocurrency & stock purchases, tokenized real estate, lending, and all my forms of passive income.
I cover the recent stock buys I went through, share my portfolio breakdown updates, and share my thoughts on the current market. My goal for 2020 was to earn $75 worth of dividends on average per month and now I’m well past that when crypto is included. I am currently making about $100 a month from passive income. This is lower than before, but I’ve made some more conservative changes and dramatically shifted around my crypto staking portfolio.
About $634 of yearly profits are coming from stock investments, about $320 is coming from cryptocurrency passive income, $115.54 is coming from crypto tokenized real estate, and $72.50 from music royalties. My portfolio is up from $16,018 one month ago to $17,577 now. Keep in mind, I also sold out of half of most of my crypto investments and made a lot of changes to my crypto portfolio. I continued to sell out of some of my riskier investments and invested in safer lower-yielding investments.
I invested a little over $1000 and earned $57.83 from stock dividends, about $9.30 from crypto real estate, and $42 from crypto lending & staking the past month. In total, I have earned over $100 from crypto and over $190 from stock dividends.
Now I don’t recommend you trying to copy my trades because the timing was important, but I do recommend you put in the time to research and track what you want to purchase and this isn’t financial advice.
Previously I was saving my money for a bit to build up a nest egg and have spent the last couple months dollar-cost-averaging into the market again. My recent stock sells were: half of my agriculture stocks, some Fiera Capital stocks, and all my Alaris Royalty corporation stocks. I’m locking in gains and keeping my portfolio diversified by doing this. Selling Alaris was just to minimize risk as I’ve been cutting back on Finance stocks. I bought more Canadian Natural Resources, Suncor Energy, RioCan Real Estate, Power Corporation of Canada, and Inter Pipeline Limited. These have great price opportunities and I’ve been increasing my portfolio weight on energy and oil.
For crypto, I’ve made dramatic changes to my portfolio. I’ve sold all my RFND tokens because I can’t rely on a one-person team when payouts were automated and not working. I wish him all the best though. I sold a good portion of my TRX because I think Justin Sun is holding it back spending crazy money on acquiring and destroying good projects like Steemit and DLive. I sold out of KuCoin because it wasn’t a good investment. I sold more than half of my BTMX because the price doubled, and I always get my original investment back if possible. Now it’s all gains going forward with my BTMX. I ended up doing the same for ARPA, FET, and TROY too as they all had huge run-ups in value. I acquired KNC and XTZ to stake and earn from those coins.
When it came to lending, I had to do a lot of testing first. I bought and sold NEXO after learning all the sketchy stuff they were wrapped up in, but still kept like $200 on the platform. I also put $200 into Celsius Network and Blockfi. I will review all 3 in another post soon though. I bought a little over $100 USD worth of DAI, USDC, USDT, TUSD, PAX, and GUSD in order to properly diversify and test out all these stablecoins. The different exchanges offer different APRs ranging from 6% to 8.6%. Lending is really ideal because they require people taking out loans to be over collateralized thus protecting you and the platform.
My crypto coming in is 100% earned and I will be using a portion of it each month to pay for expenses, one portion will be put into savings, and the rest will be invested into my crypto dividend portfolio. The rest of my crypto is held as savings in the form of Bitcoin, Ethereum, and a few other coins, but I'm not including that in this portfolio since I'm not generating dividends with them.
*In my haircut stock example I said 80*4=$240, but I meant the lower end of my estimate of $30. So 30*2*4=$240 which is what I was using for example.*
My next big move will be into crypto tokenized gold. Please leave your recommendations and look out for that in the next update or two.
Was this helpful for you? What dividend stocks are you investing in? Do you prefer dividend investing or another style? Do you invest in cryptocurrencies that payout regularly? Have you tried crypto lending? Do you invest in crypto tokenized gold? 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 appears on LBRY at least 1 hour ahead of every other platform**