This Free Plugin Turns Your WordPress Blog into a Cryptocurrency Generator

I’m eager to talk to you about how I turned my side hobby in cryptocurrency into a viable side gig, but first, a quick story:

A Twitter advertisement for Brandon Gaille’s blog report recently came across my feed, the lede compelled me enough to click it. Rarely does an ad work so effectively, as it led me to reading my first Gaille article (a great report on how bloggers in various monthly income categories make their money) and subscribing/downloading a handful of his podcasts.

Well done, Brandon!

The article split bloggers into categories Continue reading “This Free Plugin Turns Your WordPress Blog into a Cryptocurrency Generator”

Using Steem Power to Generate Passive Income

This article discusses some investment strategies I’ve used. I’m not a professional adviser, so this is not “investment advice”, and you should ensure you do your own research before buying any security. Buying Steem involves many risks, including loss of the USD value of Steem and complete blockchain destruction. 

This is not a new topic for me to cover, but it is nevertheless an important one, and if there is anything I have learned about teaching people to adopt new habits, it’s that sometimes repetition is not as tedious to the learner as it might be to the teacher.

The best long term strategy for investing is to buy assets that produce (or will produce at a future date) cash flow. This can come from dividends (stocks), rent (real estate), and interest (CDs) in the most common situations. The best investments allow investors to retain their principle investment, using the cash flow to either build other investments or to live off of.

In a more ideal world, we’d spend our working lives saving and investing like this, and live off the cash flow in our retirement, passing the principle on to our heirs and building nice multi-generational wealth. Continue reading “Using Steem Power to Generate Passive Income”

Augur: Prediction Markets for Everything

N.B. This is an article I wrote one year ago. A lot has happened in the past year, but this is a pretty good summary of why Augur is so exciting. I’ve also made a video that walks through the process of creating a prediction market.

Augur-Why an Unstoppable Betting Platform is More than Fun and Games

Perhaps the most important aspect of the Ethereum Virtual Machine is that it is unstoppable: it takes an incredible amount of energy to be taken down[1]. This is a feature that makes it the perfect platform for Augur, a betting platform that allows for betting on anything users choose to bet on. Augur harnesses the innate desire humans have to predict what is going to happen into crowdsourced data. The betting action is also fun: people have gambled for thousands of years. Continue reading “Augur: Prediction Markets for Everything”

Turn Your WordPress Blog Into a Cryptocurrency Machine

There are few times in life when you get the opportunity to get something for free.

This is one of those times.

Steem is a blockchain that allows instantaneous transfers between users-think Bitcoin, but with Twitter like “@” handles-and also acts as a blogging platform.

Yes, I know. You already have a blogging platform.

But is your blog earning you any money?


I had a Google blog 10 years ago, which showcased some restaurants in Yokosuka, Japan that I liked. It got a little bit of traffic, and my Google Ads earned me around $14.

Unfortunately, Google doesn’t pay out until you make $20. It costs time and money to transfer cash, so I’m not mad.

But you can do far better than that with the SteemPress app, which is available in the WordPress store (you have to have your own domain, not a wordpress.org “free” blog). When you get a Steem account, you’ll connect your posting key (a bit like a long, random password) to your blog, which will allow your WordPress articles to be automatically uploaded to the Steem blockchain. There are a few advantages to this:

  1. Your work is locked into the Steem blockchain forever, at no additional cost to you.
  2. If Steemians (those who use the Steem blockchain) like your articles, upvotes will turn into money. This is a little like Reddit karma, if you could use Reddit karma to turn into Bitcoin or buy stuff with.
  3. You tap into a new audience for your work.

I have used SteemPress for about 5 or 6 months, and I love it. I don’t get anything if you sign up for SteemPress-there is currently no referral program (nudge to @howo and @fredrikaa)-except the ability to share a great new (free!) product with others.


You can set up an account with Steem here. Participation on the steemit.com platform will vastly increase your probability of success, as relationships with other Steemians is crucial to finding an audience and building a community. There is a lot going on in the Steem blockchain; too much to explain in one blog post.

I’m happy to help you if you have questions; just leave them in the comment box below. Let me know if you do sign up, as I’ll send some upvotes your way early on and help you on your early journey as a Steemian.

Jeff

Reduce Needless Obstacles and Win at Life

Speedrun (v): To play through a video game as quickly as possible, taking advantage of any shortcuts and manipulating game mechanics in unusual or unexpected ways.

Speedrunning is all about utter simplicity and finding ways to hack the game mechanics. By hacking, I don’t mean actually changing the code of the game using something like a Game Genie. But the great speedrunners are able to shave fractions of a second off of their time by understanding how sprites activate and finding ways to meddle with the built in random number generators.

I watched a speedrun of Zelda II: The Adventure of Link recently, and it occurred to me that I had played it all wrong as a kid. I had built a set of rules in my mind that I thought I needed to play under, making the game more difficult than necessary.

Watching player run from most enemy encounters in Zelda II, rather than fighting through them, made me think: why did I engage so many of these enemies?

 

This image was burned into my retinas as a kid.

We do this with life, too.

I think it comes from early play as children, learning to make and enforce rules in games, usually because the object is to make the game “fair”.

I think we do that because of an innate desire for justice combined with wanting to play games as long as possible. Lopsided competitions aren’t very fun, so we eliminate tactics that seem “cheap” as kids.

And we continue doing that in life.

I often fight enemies I don’t need to. One example: taxes. Living in California means I have both a high cost of living as well as high taxes. I can, however, reduce my taxable income by maxing out my 401(k), which is maybe not as exciting as picking stocks, but results in the government taking less of my money every paycheck. Putting as much money as possible into my 401(k) is one hack that results in an instant boost to net worth (at the cost of less free cash). Contribution matching is also an easy hack.

But it took me longer to actually do this than it should have. I was making my life harder than necessary.

Other Hacks:

In the crypto world, once I realized Steem Power could be delegated, I saw it as a sort of cheat code that I could use to steadily increase my returns. While the price of Steem has fallen with the overall cryptocurrency market, I’ve been able to increase my holdings of Steem. I’ve also sold some Steem and put it towards other projects I’m interested in, making Steem a capital generator. This is how I expect many on Steem to act, and it is the return on Steem powered up that will draw in more speculators. 

When looking at life as if I’m hacking/speedrunning a game, I realize that I often say “no” for silly reasons. And yet, those reasons are often based on arbitrary rules I made up that have no basis in virtue: it seems like a “cheap” way to win, and therefore it must be wrong somehow.

But that’s not necessarily the case. While it is important to have an alarm bell in your head when you hear “easy money”, you should also discern when that money is actually easy to make, and when it may result in ill gotten gains.

Cryptocurrency and blockchain technology are creating new ways to make money online, and some of those ways aren’t terribly difficult…especially if you already have an online presence (YouTube, WordPress, etc). Steem is the cheat code I’ve been most successful with; Brave Publishing is another one

Click this lion to become a Brave Publisher for free. Also, I’ll get a handful of Basic Attention Tokens if you use this referral link. It costs you nothing to sign up now.

If you’re interested in finding out more about how you can stack Steem and Brave rewards to earn cryptocurrency as you publish content, let me know. I’ll be putting together a resource page soon with links to all the information you’ll need, and I’ll also be putting together some paid packages that will include full service account setup and consulting-a great deal for influencers who already have thousands of followers/subscribers and have more money than time. In the meantime, leave a comment below or reach out to me on Twitter for more information.

Overly exuberant investors and speculators desperately want you to use their platforms right now. It’s time to use this cheat code to speed run your way to some easy money.

Jeff

SBD Returning to $1

SBD/Dollar parity

Steem Backed Dollars are supposed to be a stable coin, but that hasn’t been the case for the past 7 months, when SBDs dramatically rose to $13. There has been no stability in SBDs since, and the price has slowly deflated all this time. My general strategy has been to convert my SBDs to Steem daily and power it up.

Now, that strategy is about to change.

I expect SBDs to drop below $1, but barely. Meanwhile, I expect the price of Steem dropping further and getting close to parity with SBDs again, resulting in a 1:1 ratio at some point. We’ll see whether or not that happens, but in the meantime, holding SBDs will be a little more stable than most of the tokens in this market (I don’t expect SBDs to get lower than 90 cents or so), and allow me to build up a small hoard that can be used if other tokens continue to fall in price.

Here’s why this is good: this bear market, with depreciating tokens, is demoralizing. While I’ve been content with plugging on and writing a handful of articles each week, I’ve noticed a lot of decreased activity in both my feed and my comments section. It’s less exciting to take time to do stuff on Steem when the payout is low, and lowering daily.

With SBDs getting back to $1, rewards can be built up. And if the price of Steem continues to plunge (which is much more indicative of the overall bearishness of cryptocurrency than Steem itself), we may even be able to acquire Steem for less than one SBD. I’m now saving my SBDs in anticipation of this.

There is some risk here: stable coins are not always as stable as they advertise. SBDs could drop below 90 cents, even down to 50 cents or lower, and never recover. I don’t expect this to happen, as the Witnesses can change rewards payouts to lower supply of SBDs, or offer dividends to make them act like bonds, creating upward pressure on the price as people seek even small (3-5%) rewards for holding.

What’s great about Steem is that anyone with an internet connection can start writing/producing content and not put any of their own money at risk.

Evaluating Crypto Twitter Personalities

What’s more valuable than a tip on an ICO? Knowing who to listen to and who to ignore.

Successful investing in cryptocurrency and blockchain does not require graduate level math, programming skills, or millions of dollars. Savvy market participants know who to pay attention to on Twitter and who to ignore. Stupid ones go broke. 

Here are some of my criteria in evaluating a person’s thoughts, in no particular order:

  1. Cui bono? Who benefits? Are they talking their book? When a fund manager has a vested interest in a particular token looking good (because they own it and want it to rise in price), I tend to discount their bullish thoughts on that token, but pay more attention to their criticisms of it. Take extra note if somebody who got in at sub market rates is building their exit strategy by extolling a particular token-just because a VC owns a token, doesn’t mean that they should be trusted as sources of information on it…especially if you’re getting in at 3x (or more) their price.
  2. Conversely, some critics have never used cryptocurrency, and are colored by their desire to see it blow up (and congratulate themselves afterwards for saying, “I told you so”). While critics are necessary, it’s important to ask, “are they framing their criticisms of the token honestly?” The best critics will understand the best arguments for a token and dismantle them one by one. The worst will create straw men to attack.
  3. Does the person have a particular world outlook that colors their perspective? Are they Bitcoin (or Ethereum) maximalists? Do they view investing dogmatically or pragmatically? We should also reflect on how we view investing, as that colors our own thoughts and opinions.
  4. What is the person’s area of expertise? Sometimes, you’ll see an expert in one field mistakenly believe they are an expert in all fields. Run, don’t walk, from these folks.
  5. Assess percentage of certainty. Nobody knows the future. While I am certain of a few things in life (faith, death, taxes), I try to remain uncertain about everything else. A person may know with certainty that the math behind Bitcoin is solid; that doesn’t mean he knows with certainty that the price in USD of Bitcoin is going to go up. Pay attention when somebody speaks of the future with 100% certainty-that’s likely a good BS flag that should go up in your mind.
  6. Is this person selling something? If so, are they transparent about it?
  7. Do people whose opinions I respect think well of this person’s thoughts? This is a trust, but verify sort of thing. Maybe they respect them for the wrong reason, although if a lot of people think well of them, then I’m more likely to pay attention as well.

This list is not exhaustive, but it has helped me evaluate statements made by the wide variety of thinkers (and charlatans) on Twitter. I hope it helps you as well.

Jeff