Let's Make Money!!

Pic stolen from: https://www.youtube.com/watch?v=BwBi7tYqt_8 Good grief!  A major cryptocurrency hack has just reared its ugly head all over the world!  Apparently targeting the NPM modules which are written in JavaScript, (no, I don't understand that tech speak either!), it will reroute crypto you are attempting to send away from your intended destination to an address created by the bad guys. Want more info?  Check these out: https://www.youtube.com/watch?v=BwBi7tYqt_8 https://www.youtube.com/watch?v=uDmFahsOa48 https://www.youtube.com/watch?v=R0M2TL7RARw This is major hack, possibly executed by a state sponsored entity.  I know most people will reflexively blame North Korea, and while North Korea is most certainly an odious place governed by odious people, IMHO most successful cyber attacks are executed by the United States and/or Israel.  And I say this as an American who (mostly) supports Israel.   There are too many powerful groups with a ve...

This screenshot was taken of the balance of Tron, staked and unstaked, on my Atomic Wallet.  Besides the fact that the Tron "Pending withdrawal" were never successfully withdrawn, notice that there is no way the amount of Tron in any of the categories, (Available, Staked, Unclaimed, Pending; "Total Votes" relates to something else), add up to 926.  Yet another cryptocurrency that fails to be handled properly by the Atomic Wallet interface. This was the fourth crypto that Atomic Wallet choked on, after Cosmos, Cardano, and Monero.  Fortunately, just like its predecessors I was able to successfully move my Tron off this Atomic Wallet using the private keys.   Which brings me to a point that I must grudgingly admit, namely, that easy access to each crypto's private keys is a good feature of this wallet.  It's just a shame that we need access to them in the first place. I am gradually moving whatever little bits of crypto are left on my Atomic Wallet off to ano...

I suppose after more than two years to call this an update is to stretch the meaning of the word "update", but here it is: THEY'RE ALL BAD! Novatech and Cryptoprogram were nothing but Ponzis, and the people that were running them are criminals.  I sincerely hope they go to jail. After several years of trying, and failing, to not get ripped off by any of the various schemes promoted by shaky folks on YouTube, it has finally gotten through my thick head that you will not make money on any of these pyramids, Ponzi Schemes, or fly-by-night crypto tokens unless you are: a) lucky beyond all statistical probability, or b) one of the scumbags in on the scheme. I'm not gonna dwell on this, because most folks already know this, or if they don't, probably won't believe me until they painfully discover it for themselves. The BEST way to make money is to park it in a widely diversified, low overhead cost ETF stock fund like VTI.  Having put at least half your money there, ...

So it has been about ten months since I started dabbling with various crypto DEFI projects.  How have I done?  Have I made lots of loot? The short answer is NO .  In fact, to date I have lost $3,675 USD!  But, fool that I am, I have not lost all hope in DEFI projects.  I am still in two of them, and if either one delivers, (you know the chance of both of them succeeding is minimal), I should at least break even, and possibly make a nice profit. In this post, I am going to quickly describe all the cruddy projects I wasted money on, with the hope that with those turkeys out of the way, in the future I can lavish praise on the projects that actually worked out well for me. Below is a spreadsheet showing my various DEFI "investments".  Yeah, it's probably too small to read, but if you have a massive display, or fantastic eyes, maybe you can discern some of what I'm about to describe written there. The first bad investment I made was something called THORWallet...

If you've read my last few posts, in late April/early May I had high hopes of making big bucks.  I had invested $200 each in three "arbitrage" projects, $300 in some bitcoin "miners", and was hoping that the $400 I had put into DeFi pools on ThorWallet were going to turn around, and become profitable again. So how have things worked out?  The following pic gives a nice visual summary of the status of my "investments": As it turns out, bitcoin "miners" are simply a Ponzi scheme; I will be lucky to get my $300 back.  With the collapse of the price of crypto, the DeFi pools on ThorWallet have also collapsed.  So far I have only gotten $78 back out of my $400.  And most disturbingly, all three of the "arbitrage" projects turned out to be scams, and quickly rug pulled, taking all their investors' money.  I gave these bastards $600, and only managed to get back $25.  Ouch!! To add to this misery, my crypto now is worth at best half of...

So I joined another crazily profitable (maybe?) arbitrage site because, well ..... why not?  I can risk $200 if I stand a pretty good chance of making thousands. The site I joined is called Swapnex.io , and if you join it via my referral link, (  https://swapnex.io/ref/arph001 ), I will be eternally grateful. Which brings up a good point.  While I will be very, very, very grateful if you join via my referral link, that may not be in your best interest.  This is NOT because a referral link causes you any harm, but rather because if you join under a YouTuber who actually knows what he is doing, (such as Alan Cosens or Justin Pratt ), you may get some additional benefits you won't get when joining under me. Besides, these guys know their stuff, and can "sniff out" when a project seems fishy or not.  For example, here is their take on the Metafiyielders.com site which most of the other YouTubers are salivating all over themselves in an effort to heavily promote....