Don't be afraid to request bill extensions or payment plans. These requests are often granted. If your biggest worry is eviction from your apartment, talk to your landlord, but, also, see if you can get extensions on any other expenses to free up money for keeping a roof over your head.

Avoid Immediate Disasters

If you are only making the minimum payments on your credit card(s), you are flirting with a disastrous credit score. However, avoiding credit card payments will only worsen your debt.

Review Credit Card Payments and Due Dates

Go over all your bills to see what must be paid first and then set up a payment schedule based on your pay days. You will want to leave yourself some catch-up time if some of your bills are already late. If this is the case, call the bill companies to see how much you can pay now to get back on track toward positive status. Tell them you are catching up and going on a stricter budget. Be honest about what you can afford to pay.

Prioritizing Bills

Stashing 10% of your income into your <a href="https://www.investopedia.com/terms/s/savingsaccount.asp">savings account</a> is daunting when you're living paycheck to paycheck. Balance your budget before starting incremental savings. It doesn't make sense to have $100 in a savings plan if you are fending off debt collectors. Your piggy bank will have to starve until you can find stability in your finances.

Ignore the 10% Savings Rule, For Now

<a href="https://www.investopedia.com/terms/o/onlinebanking.asp">Online banking</a> and budgeting software and apps help you categorize spending so you can make adjustments. For instance, with online banking, you can categorize your money for expenses, such as rent, food and utilities.

Review Your Past Month's Spending

If you have good credit, call your credit card companies and ask for an interest rate reduction. If you don't ask, you won't know, as it's unlikely that credit card companies are going to initiate a reduction on their own.

Negotiate Credit Card Interest Rates

Do you need to cut back on coffees? Or going to the movies? Or do you often have spoiled groceries? All cutbacks should start with items you wouldn't miss, such as switching car insurance companies to get a cheaper rate, or reducing your fresh food purchases if you find food spoiling before you can eat it. Eating out is even more costly, so examine how much and how often you really need to do this.

Eliminate Unnecessary Expenses

Once you've gone through the first eight steps, monitor your progress by journaling for one month. You can do this by noting everything you spend in a notebook, <a href="https://www.investopedia.com/best-budgeting-apps-5085405">budgeting apps</a> on your phone or with <a href="https://www.investopedia.com/best-debt-reduction-software-4844305">financial software</a>. How you track your money isn't as important as how much you are tracking. Focus on ensuring that every cent is tracked by dividing your expenses into categories, such as rent, food, clothing and utilities.

Journal New Budget for One Month

Look at how much you are over budget and decide where you can cut. Don't rule out items that are viewed as basics, such as groceries, utilities or rent. Cooking from scratch can eliminate the cost of pre-packaged foods, and opting for generic brands over brand names will equal big savings on a cart of groceries. Utilities can be reduced by turning off lights when you leave the room or using a lamp instead of elaborate track lighting.

Adjust Spending as Needed

If your current budget doesn't balance or you're barely scraping by, you may need to look at working overtime, getting a second job, or possibly getting a new, higher-paying job. Often there is work that pays more, but the nature of the work is unattractive. You may need to decide if it's better to be unhappy at work or unhappy with debt.

Seek Out New Sources of Income

When you're short on cash, a strict budget is the best tool for finding financial stability.

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Money & Investments

Budgeting When You're Broke

We can make smart choices now that will set ourselves up well for later. Choices that will improve your life. It means you will have to do hard things today. If you're willing to look farther, you will make better choices today.

Making better choices today

It's obvious that the top performers in any industry always earn the most. How to become a top performer is not that clear. Seth Godin says in his book, The Dip, that the reason most people fail is that when people are in the dip and things get very difficult, they often quit. The problem is success comes after the dip.

Aim for being the best

Seth Godin defines the best in the world as: <ul><li>the best for the target consumers, right now, based on what they believe and know. </li><li>in the world, as in their world, the world they have access to.</li></ul> Our goal is to be the best for our audience. For example, the best for your guest if you're in the hospitality industry or a listener if you're in the podcasting business.

What being the best really means

It is easy to focus too much time and energy on the wrong things. There are only so many hours in a day. We can't say yes to every opportunity. Instead, ask yourself, "which opportunity can give me the biggest possible return?" Everything requires energy, whether you work on something big or small. You can perform the same job at a different company and get paid twice as much. You can spend all day trading stocks and end up getting market returns, or you can put that money in a passive index fund and spend your time building a business.

Choose your opportunities wisely

The best time to plant a tree is 20 years ago. The next best time is today. Building a business that earns a great income, or creating a career you enjoy, takes time. If you want to earn more, don't wait for the perfect moment. Start today. It's about taking that first step.

Start today

You don’t have to spend the rest of your life feeling exhausted from work. Instead, you can work less and earn more at the same time.

Work Less, Earn More: Why High Performers Live a Good Life

Salary negotiation is an important part of the interview process. You risk losing if you don't ask for more. Even if you don't think you have leverage, you should still negotiate.

Negotiating a salary in the interview process

It can be nerve-racking to negotiate your salary if you’re a recent graduate or someone who wants to change careers. It's common practice for companies to lowball initial offers because they expect jobseekers to negotiate. Not negotiating your starting salary can set you back more than $500,000 by the time you reach 60.

Negotiating when you don't have much experience

<ul><li>Talk to members of professional associations of your target industry. Use Glassdoor and Google to find the market value of your position.</li><li>Take a deep dive into the specifics of the position to reveal a range of leveraging options.</li><li>Use the STAR method to highlight your experience - situation or task, action, and result. Describe the situation, the action you took and the result.</li><li>Show your knowledge of industry trends if you lack experience in the industry.</li><li>Identify possible biases ahead of time and find a way around them, including inexperience.</li><li>Do a practice run in low-stake situations.</li></ul>

Steps to put yourself in a strong position

<ul><li>You break the silence too soon. Employers use silence as a negotiating tool. Instead of backpedalling, use the silence in your favour.</li><li>You ask for a salary that reflects your lifestyle, not facts. Most employers work within salary guidelines set by the company for entry-level positions, not by your lifestyle expenses.</li><li>You accept a low salary without negotiating.  if you do that, you’ll likely be underpaid as long as you stay at that company. </li><li>You think of salary negotiation as a take-it-or-leave-it scenario. You could ask for a review and salary adjustment based on your performance.</li></ul>

Mistakes to avoid

Salary negotiation is a conversation, not a battle. Here are a few tricks to keep in mind.<ul><li>Never accept a verbal offer. Ask for an opportunity to review everything in writing.</li><li>Do your research on pay parity.</li><li>Figure out what you need to be successful–and ask for it. Get as much information as you can about the role you’re up for. If you can understand what you’ll be doing upfront, you’ll be able to negotiate different things.</li><li>Get creative with benefits. Many companies have flexed out their compensation packages to get the best employees.</li></ul>

Essentials in any salary negotiation

During the interview process, it’s important to not only negotiate your salary but your benefits. 


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Career

marketingandsales

Marketing & Sales

How to negotiate your salary for any job

Nonetheless, the future for the DeFi ecosystem remains bleak as there’s no telling whether the leading projects in the space can last long or whether they’ll be as beneficial and profitable as more users sign up and the platforms are more scalable. One of the most common solutions to ensure the DeFi ecosystem remains sustainable in the future is to move away from the dependence on Ethereum.  As one expert put it, “To secure a sustainable future for DeFi, we need to look beyond Ethereum.”

Growth of the DeFi sector since 2017 (Image: DeFi Pulse)

A rebase (or price-elastic) token is designed in a way that the circulating token supply adjusts (increases or decreases) automatically according to a token’s price fluctuations.

The mechanics of the SAFUU model

Key to maintaining sustainability despite the high APR is <a href="https://app.safuu.com/#/">Safuu’s Fire Pit </a>, which is a buyback-and-burn contract that reduces the circulating supply of $SAFUU tokens. According to the company’s website, 2.5% of all $SAFUU traded are burnt in the Fire Pit. Additionally, 5% of the total trading fees are stored in the insurance fund, which helps sustain and back the staking rewards provided by the positive rebase. The SIF prevents flash crashes of the $SAFUU token by maintaining price stability and greatly minimizes the downside risks of DeFi.

Making the future of DeFi sustainable and stable

The tokenomics of the protocol ensures the protocol remains stable, scalable, and profitable as more users join. Safuu’s token supply is only 325,000 $SAFUU, with an auto burn rate of 2.5%, auto staking and liquidity provision (LP) every 48 hours and the factor of rebasing at 15min intervals provides a more linear progression of sustainability. Simply, the more that is traded on a daily basis, the bigger the Treasury & SIF balance grows automatically to aid with long-term sustainability and future growth.

Finally, Safuu also includes a unique and proprietary Safuu Auto-Liquidity Engine (SALE) which automatically injects an additional 4% liquidity every 48 hours automatically to maintain protocol stability and to make sure the APY is upheld for the entire life of Safuu. The SALE also adds more and more liquidity to the pool which will allow $SAFUU token holders to easily sell their tokens at any time with little to no market slippage.

Interesting new mechanism brought to market by SAFUU, I would stay away for a while until proved due to close enough resemblances with the Terra ecosystem, but one might just need a deeper dive into these mechanics to make a decision.

Safuu ,a unique DeFi project provides a decentralized financial asset protocol with a sustainable fixed compound interest model via its unique SAP protocol.

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Cryptocurrency

How SAFUU Protocol is Aiming To Make DeFi More Scalable and Sustainable

<ol><li>When you save part of your income (even if you have a low income), it helps you build up your wealth.</li><li>When you invest your money, it will multiply so you have more of it.</li><li>Leverage the advice of financial experts if you need to when investing your money for more security.</li><li>Don’t rush headlong into an investment you know nothing about! It’s just asking for trouble.</li><li>Don’t fall for get-rich-quick schemes or scams. You’ll lose your money.</li></ol>

The Five Laws Of Gold

<ul><li>Set aside 10% of your income for you!</li><li>You can use that other 90% to pay bills and other expenses. But that 10% is specifically for you to save and invest later on.</li><li>It seems small at first, but gradually, you’ll start to have a good amount set aside.</li></ul>

1. Start Thy Purse To Fattening - Start Earning

If you’re not in debt:<ul><li>Set aside 10% of your income before anything else; and</li><li>Live on the 90% that’s left.</li></ul>If you are in debt:<ul><li>Set aside 10% of your income before anything else;</li><li>Repay your creditors with 20%; and</li><li>Live on the 70% that’s left.</li></ul>

Always Pay Yourself First:

<ul><li>On to the subject of thrift - when you have extra money, it’s tempting to splurge and buy fancy things. But don’t! Make sure to live within your means and only take on necessary expenses.</li><li>Arkad says: “What we call ‘necessary expenses’ will always grow to equal our incomes unless we protest to the contrary.”</li></ul>

2. Control Thy Expenditures - Spend Less Than You Earn

<ul>
<li>Make a list of all your outgoing expenses.</li>
<li>Think very carefully about what’s strictly necessary and what’s just a luxury.</li>
<li>Cut back on things you can live without.</li>
<li>Be very wary of developing expensive habits.</li>
</ul>

Never Live Beyond Your Means

<ul><li>Now that you have some money set aside, it’s time to put it to work. When you invest your cash, it can reproduce and bring you a steady stream of income and personal wealth!</li><li>Arkad’s philosophy is that “you make your gold have children, who can then also work for you.”</li><li>In our modern world, this might be loaning money out or getting interest from a savings account or stocks or crypto or gold.</li></ul>

3. Make Thy Gold Multiply - Invest

<ol><li>You should surround yourself with people who want, understand and make lots of money.</li><li>You should only seek financial advice from the very best experts in the field. Don’t take advice from your family, friends or colleagues.</li><li>You should stick to the plan. Don’t underestimate the power of compounding. Trust what you know, not what you see. Let time take care of the rest.</li></ol>

How Can I Make Money Multiply?

“Advice is one thing that is freely given away, but watch that you only take what is worth having.”

<ul><li>Arkad warns us that there is no way to make massive amounts of money overnight. Instead, it takes time, effort, and knowledge.</li><li>And when you are ready to invest, make sure to start small. You need to learn to secure smaller amounts until you can handle larger ones.</li><li>Arkad praises the ability to reclaim your money when you need it back in a hurry.</li><li>Study before making an investment so you can be sure it is a wise one.</li><li>You won’t get rich overnight… but you will get rich eventually.</li></ul>

4. Guard Thy Treasures From Loss  - Diversify / Insure

<ul><li>Don’t get into debt.</li><li>Don’t help people in ways that mean you take on their financial burdens.</li><li>Don’t lend money to others without taking some guarantee of repayment.</li><li>Don’t forget to protect your income and assets with diversification and insurance.</li><li>Don’t invest in things you don’t fully understand.</li><li>Don’t get sucked into get rich quick schemes.</li><li>Don’t put your money in investments which don’t pay out dividends (i.e., cash).</li></ul>

Common Traps We Should Avoid

<ul><li>Arkad tells us that “every man should own the roof that sheltereth him and his.” That’s because it can reduce your cost of living and make more money available for your desires.</li><li>Instead of just throwing your money away on rent, you’ll be building equity in an investment. And can pay off big when planning for future income.</li></ul>

5. Thy Dwelling A Profitable Investment - Own Your House

<ul><li>Arkad recommends planning for retirement in advance to ensure your treasures and protect your family. Naturally, having a savings account or retirement pension with a lot of money saved up is great.</li><li>But you can also rent out the properties that you bought earlier in life. Either way, coming up with a plan now should ensure you’ll be comfortable when you’re older.</li></ul>

6. Insure A Future Income - Plan For Retirement

<ul><li>Want to earn more? Develop your mindset and your skills! The more wisdom you have, the more you can earn.</li><li>Choose knowledge over gold — a bag of books over bag of money.</li><li>Doing all of these things can help you become a better investor and increase your ability to earn. Whatever you do, start small. Eventually, you can go bigger as you learn and become more capable.</li></ul>

7.Increase Thy Ability To Earn-Create Multiple Streams Of Income

“The more of wisdom we know, the more we may earn. That man who seeks to learn more of his craft shall be richly rewarded.”

The more of wisdom we know, the more we may earn. That man who s

Gold lender Mathon’s advice on lending ,When lending, only lend to those you trust, who are knowledgeable in their field and have the means to repay. If possible, you should even consider taking some collateral worth the value of the loan. This winning combination of factors ensures you’ll get your money back eventually.The moral : It’s better to have a little caution than a great regret.

Story-1 : The Gold Lender Of Babylon

Babylon is under attack, and the citizens are afraid. The guard assures them all the walls will hold, as they are strong and fortified.Babylon does survive the attack, and Clason uses this to illustrate that we need financial security throughout life. You never know when you’ll be under attack – whether you lose your job or have some emergency medical bills.The moral : We cannot afford to be without adequate protection.

Story-2 : The Walls Of Babylon

Dabasir was sold as a slave and was trained as a camel tender. One of his master’s wives, Sira, asks him if he has the soul of a free man or slave. After a while, he realizes he wants to repay his debts, so she helps to free him.He works so hard to pay off his debts using a precise budget.But in the end, he makes things right and proves he has the soul of a free man.The moral : Where the determination is, a way can be found.

Story-3 : The Camel Trader Of Babylon

Sharru Nada was a slave working for a baker, where he made extra pastries and shared the money with his master. He wanted to work hard so he could buy back his freedom.Unfortunately, his master gambled all his money, so Sharru was sold again and almost condemned to a hard labor life before his friend purchased him. His friend was able to do this because Sharru taught him about the value of hard work.The moral : Hard work can be your best friend in times of distress and help you achieve many things.

Story-4 : The Luckiest Man In Babylon

<ul><li>A part of all you earn is yours to keep.</li><li>Men of action are favored by the goddess of good luck.</li><li>Better a little caution than a great regret.</li><li>We cannot afford to be without adequate protection.</li><li>Where the determination is, the way can be found.</li></ul>

Morals 

“You’ve learned the lessons well. You first learned to live on less than you earn. Next you learned to seek advice from those who are competent. Lastly, you’ve learned to make gold work for you.”

In old Babylon there once lived a certain very rich man named arkad . Far and wide he was famed for his great wealth….

The Richest Man in Babylon is considered as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth. Revealed inside are the secrets to acquiring money, keeping money, and making money earn more money. Providing financial wisdom through parables, 'The Richest Man in Babylon' was originally a set of pamphlets, written by the author and distributed by banks and insurance companies. These pamphlets were later bundled together, giving birth to a book. In this new rendering by Charles Conrad, the classic tale is retold in clear, simple language for today's readers. These fascinating and informative stories set you on a sure path to prosperity and its accompanying joys.

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Personal Development

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Problem Solving

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Books

The Richest Man in Babylon

“It is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all, in which case you have failed by default.” —

The first important lesson gained from failure is experience. What happens when we fail? When we go through something and can walk away with firsthand experience, it helps us to develop a deeper understanding for life. The experience of failing at something is truly invaluable. It completely alters our frame-of-mind through the induction of pain. It makes us reflect on the real nature of things and their importance in our lives, transforming and improving our future-selves.

Failure Lesson #1: Experience

Failure brings with it important firsthand knowledge. That knowledge can be harnessed in the future to overcome that very failure that inflicted so much pain in the first place. Nothing can replace the knowledge gained from failure.

Lesson #2: Knowledge

Failing in life helps to build resilience. The more we fail, the more resilient we become.In order to achieve great success, we must know resilience. Because, if we think that we’re going to succeed on the first try, or even the first few tries, then we’re sure to set ourselves up for a far more painful failure.

Lesson #3: Resilience

Lesson #4: GrowthWhen we fail, we grow and mature as human beings. We reach deeper meanings and understandings about our lives and why we’re doing the things that we’re doing. This helps us to reflect and take things into perspective, developing meaning from painful situations.

Lesson #5: ValueOne of the biggest lessons that we can learn from life’s failures is the necessity to create and spread an exceedingly high amount of value. In fact, value lies at the heart of success and a lack of value is a fundamental pillar to failure.

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Technology & The Future

communication

Communication

cybersecurity

Cybersecurity

computerscience

Computer Science

Attention Required! | Cloudflare

Portugal was previously considered <a href="https://www.cnbc.com/amp/2022/02/06/bitcoin-family-moves-to-portugal-crypto-tax-haven.html">a tax haven</a> for cryptocurrency investors, in part due to an effective capital gains rate of zero."There is no specific law, it is just a lack of regulation that led to the zero taxation in Portugal," said Duarte. "This together with an understanding published by the Portuguese tax authority in 2016 meant that only crypto-related businesses can be taxed."

The current capital gains tax rate for financial investment in Portugal is 28%.Portugal's changed stance on taxes brings the country in line with many other nations around the globe. Among them are Australia – where <a href="https://www.coindesk.com/business/2022/05/16/australian-tax-office-warns-crypto-investors-on-capital-gains-obligations/">earlier Monday </a>that country's tax office warned investors of the need to report capital gains and losses on crypto each year – the United Kingdom and the U.S.

Reversing its previous hands-off stance, the nation will impose taxes on the exchange and sale of cryptocurrencies.

Portugal Makes U-Turn on Cryptocurrency Tax

Money is the biggest cause of stress in the United States, according to the American Psychological Association.You can also find that back in medical statistics. 75% to 90% of all doctor’s office visits are for stress-related ailments and complaints including chest pain, headaches, high blood pressure, insomnia, and depression.Stressing over money will make you mentally and physically sick. Now, no one likes the fact that money is the most important thing in our society. But it’s the way things are.

Money Stress

Most people assume that more money is the answer.But simply having more income won’t solve your money problems. While we all want to earn more, there are deeper, underlying issues we need to resolve first.The first step to getting rid of money stress and living a healthier, happier life is to identify the specific reasons that are causing you to worry.

Causes of Financial Stress and How We Can Solve Them

Managing money isn’t something we usually learn in school. And if one grew up in a family that lived from paycheck to paycheck, it’s harder to make wise financial decisions as an adult.How you spend, save, get into debt, and invest depends on you. How other people manage their money is insignificant.Solution: Understand how personal finance works. The more you learn about money, investing, and wealth, the better you get at managing your own finances.

Cause 1: A Lack of Financial Literacy

So many of us have all kinds of big desires that are simply not realistic. Look, I’m all about thinking big. But you should never think that life is only good when you live big.It’s easy to get stressed when we don’t achieve our expectations. And in today’s world, everyone seems to have sky-high expectations.Solution: Focus on the process, not the outcomesWhen you set goals, it’s tempting to think about the outcomes first. Everyone wants to get in better shape, travel to nice places, earn more, and so forth.So simply focus on a process you can work on consistently.

Cause 2: Unrealistic Expectations About Life

Many stick to a job they hate because of the “benefits.” That’s how much they prioritize stability.So many of us are in that position. We hate our job, but we’re used to a certain lifestyle, so we need a similar job or income to get by.Sometimes you need to take a step back in the short term to grow in the long term. Solution: Focus on long-term quality of life.

Cause 3: Short-Term Thinking

56% of Americans can’t cover a $1,000 emergency expense with savings.Emergencies happen. It’s not a matter of if but when. Your washer breaks, you slip and injure yourself, a loved one gets sick, and so forth.Solution: Build your emergency fund, little by little. Saving is a habitYou don’t have to build your emergency fund suddenly. Try saving a comfortable percentage of your income today. It’s all about consistency.

No Emergency Fund

There are many things money can buy, but the most valuable of all is freedom. Freedom to do what you want and to work for whom you respect.Earning more is not the solution. More money entraps you, keeps you in shackles. Lesser money, but with more freedom is the key.

Earning More Is Not Enough

Stressing over money will make you literally sick. But simply not thinking about money isn't enough. Here's what you can do instead.

habits

Habits

How to Stop Stressing Over Money - Darius Foroux

A stock market crash refers to a drastic, often unforeseen, drop in the stock market over a single or several days. The sudden drop in stock prices may be influenced by economic conditions, catastrophic events, or speculative elements.

Understanding market crashes

<ul><li>The Great Depression Crash of October 1929. Speculations in commodities such as autos and homes caused share prices to skyrocket, driving up prices in a panic buying mode, but many went into bankruptcy when the market bubble popped.</li><li>The Black Monday Crash of October 1987 is attributed to computer trading, derivative securities, over-evaluation, illiquidity, and trade and budget deficit.</li><li>Technology stocks triggered the Dot-com Crash of 2000-2001.</li><li>The Stock Market Crash of 2007/08  was triggered by the collapse of mortgage-backed securities in the housing sector.</li><li>The COVID Crash of March 2020.</li></ul>

Famous stock market crashes in the US

Circuit Breaker: Level 1 and 2 market-wide circuit breakers suspend trading for 15-minutes and a level 3 halts trading for the rest of the day. This can happen when the S&P 500 falls more than 7% at any time before 3:45 p.m. EST. Plunge protection: Turbulent markets can also be dampened by the purchase of huge quantities of stocks by large entities when prices drop. Big entities hold prices up to prevent individual traders from panic trading.

How to prevent a stock market crash

A stock market crash refers to a drastic, often unforeseen, drop in the prices of stocks in the stock market. The sudden drop in stock prices

Discover the world of business and economics.

economics

Economics

Stock Market Crash

Cryptocurrencies have done a lot of good for the financial world. They have given us a way to democratize finance, eliminate middlemen, lower fees, and a number of other benefits.

In the simplest terms, a master node is a computer or server that has been set up to process Dash transactions quickly, in a method that is quite different from mining (which the Dash network also has). The owner of the master node is rewarded for operating the node with frequent Dash payments. Well, only if you have about $300,000 sitting around. You see, in order to set up a Dash master node, you must have least 1000 units of Dash.

Dash and Master Nodes

Projects like <a href="https://www.coinschedule.com/projects/1280/link-ico.html">ChainLink  </a>are demanding 100 ETH (about $25,000), and Streamr, the platform that I recently wrote about, is asking for a minimum of 5000 Swiss Francs ($5,160). On the official Slack channel, Henri Pihkala stated that: “Bitcoin Suisse (the company helping with the ICO) imposes a minimum of 5000 CHF equivalent, so the minimum cannot, unfortunately, be below that – at least not for the presale. We would certainly like the minimum to be lower.”

Initial Coin Offerings (ICOs)

The <a href="https://dailycryptocurrency.com/cryptocurrency/cryptocurrency-101-proof-work-vs-proof-stake/">proof of stake </a>method of consensus that has been in the news almost constantly ever since Ethereum announced its plans to move to it, and other exciting new currencies like OmiseGo (<a href="https://omg.omise.co/">OMG </a>) and Crypto Improvement Fund (<a href="http://cryptoimprovementfund.io/">CIF </a>) are planning to use it as well. POS has been around for a while, with currencies like PeerCoin, CureCoin, and Clams using it. With POS, there is a big element of chance involved, and it is, in fact, a lot more like a lottery. The more tickets you have, the more likely you are to win. With POS, the more crypto you hold, the more likely you are to successfully get a staking payout. Holding just one or two units of the currency will almost certainly result in you receiving zero stake payouts.

Proof of Stake (POS)

While the crypocurrency world overall has opened up many doors for the less wealthy, it is clear that there are still some things in the crypto world in which only the rich are welcome.

Cryptocurrencies should be inclusive, not exclusive, and these are just a few of the ways that cryptocurrencies are excluding the non-wealthy.

Only The Rich: How Some Cryptocurrencies Unfairly Advantage the Wealthy - Daily Cryptocurrency

Find 100+ Ideas and Facts about Money - Curated from interesting sources like Books, Podcasts & Articles - Genuine Insights from like-minded Users like You!