I Bought My First Cryptocurrency A Week Ago: Here Are My Thoughts #3
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I Bought My First Cryptocurrency A Week Ago: Here Are My Thoughts #3

By AlmightyMelon | AlmightyMelon | 6 Mar 2020


This continues yesterday's post.

Me: "Honey, I found a magic button that gives me free money." 
Wife: "There's no such thing. Is that what you're looking for in life, though? A magic button to fix your finances?" 
I had a similar discussion with my dad. I asked him, "If there was a button you could push every 12 hours to get $0.05c, and you had to solve a really simple puzzle or send a text message to complete the process, would you make the effort each day to push it?" After a bit of thinking, he said, "Well, that's a half a dozen cups of coffee a year, why not?"

These are the sorts of conversations I have had with friends and family when I try to explain to them the world of cryptocurrency faucets, airdrips and airdrops. My wife, a firm believer in the old saying, "there's no such thing as a free lunch," through her doubt, made me realise that there must be a motive behind every fraction of a cent given away. And my dad helped me to see that sometimes those small efforts can add up.

Take BAT (Basic Attention Token), for instance. I know nothing about them. But I have earned some here on PublishOx. So, how do I redeem these BAT tokens into some kind of real-world value? Ten minutes later, I have uninstalled Firefox and I'm already telling another person they might want to look into Brave. Being awarded the tokens made me want to redeem them. To redeem them I had to download a product, the Brave browser. Then, through the strength of the product and the reputation of its designers, Brave too had me hooked.

"So what do they get out of it?" is a question I have been asked. In this example, I was given free BAT tokens, and I was awarded a small amount of value that might someday translate into my real life, because they are accepted on some exchanges. Brave got a new user. And somewhere out there, an advertiser had their material prioritised and they paid in a fraction of BAT.

And there are dozens of new tokens and products popping up. If I have noticed anything, it is that blockchain technologies seem to be booming right now, perhaps even more than cryptocurrency itself. The fourth and final post in this series, tomorrow, will list a handful of blockchain-related sites that have grabbed my interest.

I hope you return tomorrow to hear the end.

 


AlmightyMelon
AlmightyMelon

Noobie crypto enthusiast from Auckland, New Zealand, who works as a teacher.


AlmightyMelon
AlmightyMelon

My background is creative writing. I have a passion for multimedia art and digital comedy. I have been an observer of cryptocurrencies for a long time, but only a recent participant in them.

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