30 Days Writing Challenge, Day 24: Do You Know What It Takes To Be "Your Own Bank"?

in steemit •  12 days ago 

This is the twenty fourth question / topic of the 30 days writing challenge I announced a couple of days ago. The total amount in prizes is 90,000 SNAX and it's being distributed as 3 daily prices of 1,000 SNAX each. For all the details, please check this post.

There are already 23 days of writing in this challenge and I'm very happy with the results so far. We learned so much about SNAX, about blockchain, in general, we generated new ideas and we had fun.

It's only one week left, so expect "lighter" topics from now on. Well, except for this one, which, to be honest, it's very common in my mind. Basically, every time I see the enthusiasm for "financial freedom", "be your own bank" and "eliminate the middle-man" skyrocketing, I tend to ask myself if people really know what this means.

You see, a lot of stuff was delegated to the "middle-man", with the rise of banks. The task of guarding your assets, of generating some ROI (if that was in the contract) and many others. Of course, the "middle-man" proved to be more or less a scammer, but that doesn't mean those tasks are not real. They are: you do have to care about your own assets, you have to be sure you're not getting counterfeit assets, you have to stay informed about the prices and so on and so forth.

With great freedom comes great responsibility.

Are you sure your keys are stored correctly? Do you know what a paper wallet is? Are you aware about the price movements and the impact they may have on your portfolio?

In short: are you really ready to "be your own bank"?

IMPORTANT: please state your SNAX username in the post, so I know to which account to send the prize, should you be amongst the lucky winners! Thank you!

You can start writing your article for the challenge right now (some of you already posted, nice), the time window is: Wednesday 12th June, between 00:00 UTC and 23:59 UTC.

I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.

Dragos Roua

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