How To Cash Flow Your Crypto

One of the reasons I love Chiang Mai and decided to come here for awhile is ‘cause there are awesome people here talking about and doing amazing things.

And you know what they say (by they, I mean Jim Rohn)…

'You’re the average of the 5 people ya hang out with the most.'

If you’re growth-minded and always want to be improving yourself, then you never want to be the smartest person in the room (which is pretty easy for me to accomplish because I was dropped on my head as a baby… okay, maybe not, but it would explain a lot).

One of those awesome people doing amazing things is @ashe-oro. I stalked him on the interwebz thoroughly enough to be able to say that with confidence.

Side note: Isn’t it weird how stalking on the internet is acceptable, but stalking from the bushes is creepy? On Steemit, we’re basically begging people to stalk us. But if anyone from Steemit showed up outside our window uninvited, we’d be totally freaked out.

I guess I just won’t tell him that I also maybe did the bushes thing, too. 😄 Kidding.

Every Friday night, at a place called Food 4 Thought someone speaks about an interesting topic.

Ashe spoke over a month ago, so this post is pretty long overdue ...

...but it’s still worth talking about. I also have to give him credit for the title of this post, ‘cause that was his presentation title. See?

Here’s the link to his presentation slides if you wanna see:

https://drive.google.com/file/d/1npjHv-lwRa6TFEU-oyDgJBNToP3TbgOD/view

I’ll give you the crazy short version of his talk about how to make $$$ with crypto:

1) Forks Happen

You get $$ when people fight about what the fork ever, and cause the blockchain to split. Like the Litecoin fork that just happened. You got free Litecoin Cash if you were hodling Litecoin (as long as you weren’t hodling on Coinbase).

2) Airdrops (not to be confused with Airbud, the cute dog from the 90s)

(Pic taken from Amazon)

Airdrops are basically when a blockchain project gives free coins to the community to promote their project. Aka market the crap out of it and create hype and community. If you have questions, I can explain more in the comments if you want to know more. Or you can go ask @ashe-oro, he's pretty good at explaining these things.

3) Proof of Stake - Staking Coins

Basically, you stake your coins in a wallet and earn interest on them essentially. Right now I’m kind of hungry and wish I could steak my coins instead of stake my coins. I really want to make them turn into a juicy steak.

4) Host a Master Node

I actually first found out about hosting master nodes when I was reading the white paper for Substratum, so it was cool that Ashe talked about hosting nodes. He mentioned that he doesn’t actually host any, himself, though.

With hosting nodes, you have to stake a minimum # of coins, and you need to run a server to host transactions.

Since Substratum is the only one I know about, so I’ll talk about that. If you run a node for Substratum, you get paid Substratum to forward website content to other people. The reason for this is so that people who live in places where some websites are censored or not allowed, they will be able to see it if it is hosted by Substratum.

It’s decentralized internet!

5) Lastly, if you’re a big whaley 🐳, you can delegate your influence on Steemit!

K, you can also be a 🐬. I think you can delegate 100 SP as the minimum, but that's not very much. Use sites like www.minnowbooster.com to delegate or loan out your SP to other people for awhile. Here’s a pic from Ashe’s presentation showing how much you can make doing this:

Here's a great article by @minnowbooster to explain it in more detail!

So, that’s the short version of his presentation. He technically put forks and airdrops together, and I separated them out, which is why his list has 4 and mine has 5.

Thanks @ashe-oro for the great presentation, and it was great meeting ya! Thanks for sharing steemit love with the world!

Let's play a game of Follow the Leader. This round, I'm the leader... so follow me @nomadicsoul 😃