Passive Income Lab # 1
Hi they call me a lot of things but today im going by the name of lennex. I'm not a literary genius by anyone's standards but I have decided to give posting a try in hopes to share my ideas about the subject of creative money making from a hobbyist perspective. I only can call my self a hobbyist when it comes to such things because im still working on the magic formula to make it a full time occupation and most of my ideas are early days. You can call it a experiment and that would be applicable. So excuse my grammar excuse my lingo and if you read this all right then you should read on and consider my ideas.
Experiment 00 Fission coin:
I don't have a large amount of money to throw into this hobby neither the time so I like to find opportunities that will let me start small and build up. The idea is that over time the momentum of small investments will build into even larger profit and allow me to build assets that will continue to pay for years to come. One of these opportunities Ive found is fission coin the Nuclear Network. Its a virtual currency that can be exchanged for fiat or other alt-coins as well as the original (bitcoin). A key concept is: The alt-coin is created and rewarded through the action of mining, now wait wait wait! I know that sounds familiar but this is a case of a extensions being applied to industry lingo.
The act of mining generally applied to crypto-currencies is the process of validating transactions on the network via competitive mathematics done by your computer or Beowulf cluster. these transactions are recorded in a chain of data and each "round" so to speak is broken into smaller "blocks". You are rewarded tokens for solving the maths first each block, simple enough. When applied to fission coin mining consist of validating user postings on any number of social networks about fission coin. there is no competition just this action and in a way flaws are created that will be Highlighted later on.
The The Nuclear network is free to join and daily you will be given the opportunity to make the tokens by participating in the manual mining process which equates to some cents at the moment. The coins value is built to rise and one of the methods used to ensure this is that every transaction you make is halved and those coins are destroyed adding value to everyone's coins and coins you still hold. You can even upgrade your account and automate the process and make a bit extra a day by doing so with a small investment.
A flaw with the network I should point out is that there is a finite number of people who will join this network so potentially mining opportunities will run dry one day destabilizing the network and probably leading to its stagnation but we hope not for a very long time. Another flaw is that the coins have no utility beyond the network and cannot be traded on a external exchanges.
The way you should treat this is free money in the form of a speculative "Mexican standoff" at the Ok corral nuclear style. You make yourself an account. you spend a few minutes a day completing the mining task and you hold the coins you produce for some future profit depending on how you feel any given day you decide to hold or withdraw your free money all at once at some future date for a profit. That is my recommendation and that's how im playing it so feel free to sign up and play along. Just to be fair this is a short hand of all the information about the fission coin network and some details were left out for simplicity but if this is the sort of thing that interests you then by all means please check it out Join the experiment.
Here is my shameless referral link: https://fissioncoin.com/?id=FC23470830 feel free to find another way to the site and in tell next time.