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My Lot in Life (Further Proof that Earning Passive Income is Full of Pitfalls)


I had a look at MyLot earlier this morning, to see if it was worth signing up. Having looked through the "FAQ" pages (because there's no "About" page or it's difficult to find, a worrying sign), I see a number of problems with it:  

  • It pays out in fiat (USD) to PayPal, a company/service with which I am not happy (especially because linking my personal account to an unknown third party will reveal my identity).
  • It pays out only once a month, even though the minimum monthly payout ($5) is reasonable. However, PayPal charges me $2.00 as a handling/service fee every time I receive money or draw it out. (For every $5 I'd earn on MyLot, I'd end up with only $1 in my bank account, which isn't worth it.) I don't know if I could configure it to be higher, to avoid being nailed by PayPal's fees.
  • Anything I post on it, I may not post elsewhere or else I will get banned for plagiarism (never mind that the content originates with me).
  • I may not post any adult/sexually suggestive content
  • I may not post any links to off-site content (no promotion of myself, my blogs, business or any businesses, charities, organisations or people that I endorse/support).

Unless earning there is highly lucrative, I think I'll give that a miss and stick with Noise and Pub0x. At least on these sites I earn something, as small an amount as it is.

Once again, I've found another passive income for-pay writing/blogging site that proves to me that every silver lining has a cloud. Oh well, back to the grind trying to earn fiat and keep the money flowing ...


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Great White Snark
Great White Snark

I'm currently seeking fixed employment as a S/W & Web developer (C# & ASP .NET MVC, PHP 8+, Python 3), hoping to stash the farmed fiat and go full Crypto, quit the 07:30-18:00 grind. Unsigned music producer; snarky; white; balding; smashes Patriarchy.


Cryptographic Anarchy: (Mis)Adventures in Crypto
Cryptographic Anarchy: (Mis)Adventures in Crypto

The content of this blog is exclusively to do with online privacy/security, cryptography and cryptocurrency: Understanding it, investing in it, mining it (in groups/crowds), developing/programming it, the social problems it aims to solve and the various ways to make more of it (or not, as various losses and failures happen). Let's get away from banksters, Capitalists and fiat, to an unbanked anarcho-syndicalist commune. || Banner image: Blogger's own.

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