“QKD is the only solution that has been mathematically proven to defend against a potential quantum computing-based attack,” JPMorgan emphasized in its announcement.

JPMorgan has been ramping up its blockchain initiatives of late, with Cointelegraph reporting earlier this week that the firm became the first bank to officially <a href="https://cointelegraph.com/news/1t-opportunity-jpmorgan-becomes-first-major-bank-in-the-metaverse">launch in the metaverse </a>. It now has a virtual lounge in the popular crypto-backed virtual world Decentraland and <a href="https://cointelegraph.com/news/metaverse-is-booming-bringing-revolution-to-real-estate">appears bullish on the metaverse sector </a>after it labeled it as a $1-trillion opportunity.

quantum security was determined to be a blocking criteria for blockchain adoption by capital wales

Marco Pistoia, engineer, and head of the FLARE Research group at JPMorgan Chase emphasized the importance of building secure blockchains before quantum computing changes the “security landscape” of blockchain and crypto.  

crypto

Cryptocurrency

moneyandinvestments

Money & Investments

scienceandnature

Science & Nature

JPMorgan unveils research on quantum resistant blockchain network

<a href="https://mchain.capital/">Multi-Chain Capital </a>has the goal to allow you to buy its $MCC token on Ethereum or Binance Smart Chain, farm your investment for you on multiple blockchains, and return the profits to you.At the time of this writing, approximately 1.916 billion $MCC tokens are circulating and more than 1.556 billion are burned, never to re-enter circulation.

MultiNodes fill a void that allows you to create a sustainable passive income in a more capital-efficient way. Of course, there are many options for earning income acting as a node across many different blockchains and protocols, but many crypto users are priced out by the fees and lack of portability in regards to wallet-to-wallet transfers.MultiNodes is a truly portable node solution allowing transfers and trading of nodes on a secondary market. the underlying innovation behind the concept is NFTs. A node’s sale price, income rate and value are all included in the metadata.

MultiNodes Is a New Alternative to Existing Node Solutions

Traditional nodes offer just a single stream of income; transactions fees are paid out to users based on transaction volume. MultiNodes offers six<ul><li>$MCC rewards</li><li>Reflections</li><li>Treasury taxes</li><li>Royalties earned on the secondary market</li><li>Upcoming products in the flagship product portfolio</li><li>Farming Investments</li></ul>

MultiNodes Offer Portability and Six Buckets of Income

MultiNodes are organized into five different tiers. The most capital-intensive tier requires you to invest $5,000 worth of both $MCC tokens and a stablecoin ($10,000 total). That’s the Presidential tier. The entry-level tier, called the Analyst tier, requires just $250 worth of $MCC and a stablecoin ($500 total).At the time the project launches, the $MCC value required to enter each of the five tiers will always remain at a fixed constant value.

The Best Way to Benefit from the Value of MultiNodes

Although many altcoin projects play host to DeFi and NFT projects nowadays, an overwhelming majority of them still live on the Ethereum blockchain. While both

Why Earning a Sustainable Passive Income from DeFi Platforms Is About to Get Easier for the Average Investor | Bitcoinist.com

"Everyone should have a side hustle. Even if you love your job., having more than one source of income will give you more freedom and more options."

<ul><li>Is it feasible? Can you execute it in an hour or less a day and expect to see results within a week? Or are you trying to climb Mt Everest on your first attempt?</li><li>Will it be profitable? How much can you expect to make from one sale? What expenses do you have to cover? What’s the optimistic and pessimistic version of this?</li><li>Is your idea persuasive? Can you explain what you’re selling to your grandma in two sentences? What’s your “wow factor?” What’s your unique advantage?</li></ul>If an idea fails to pass the scrutiny of these questions, don’t bother with it.

Generating Ideas For Your Side Hustle: The Validation Framework

The first week of side hustle month is about your ideas. The second week of the program encourages you to get clear about your ideal or target customer. Think of them as ‘your people'. Find out more about “your people”:<ul><li>If you know one of them, have a coffee. </li><li>But If you don’t: have an imaginary coffee with them’, or write a letter to them. </li></ul>

Finding "Your People"

Go from idea to offer with price, pitch, and promise.<ul><li>Your promise should be a bold, provocative statement that highlights the persuasive aspect of your idea. When people hear it, they should see how they can immediately benefit from your idea. </li><li>Your pitch tells people how you deliver on that promise in as few words as possible. </li><li>Your price lets people know how much they have to pay and comes with a clear call to action. </li></ul>

Price, Pitch, and Promise

"Like a comic book superhero, your side hustle needs a history [or herstory]. Don’t just give ‘em the facts; tell them a story."

Look for your own origin story – what is your superpower in relation to “your people” and importantly, what is the drama, or the ‘turning point’ that gave youour superpower.

Create Your Origin Story

"The best hack of all is to do something that makes a difference in [your] people’s lives."

This includes learning to:<ul><li>Clearly explain what your product or service is, why “your people” will benefit and how it works. </li><li>Deliver what you promise, so start simple with your promise, but go above and beyond whenever possible.</li><li> Uncover and respond to unspoken needs. </li><li>Find a way to report back to “your people” in some way. People often forget how bad the problem was, once it is solved. </li><li>Make it fun, interesting, or a source of status to write or record a testimonial for you</li></ul>

How You Can Change Your Customer’s Life

<ul><li>A website. Today, if you’re not online, you don’t exist. All you need is a domain and hosting. </li><li>A social media profile. Pick a platform that you like, where you’ll enjoy creating content and that suits your audience and focus on that.</li><li>A scheduling tool. Eliminates all the back and forth.</li><li>A payment system, to let people purchase right on your simple site</li></ul>If you end up with an idea for a side hustle that requires you to take out a $10,000 loan, you’ve done it wrong. It shouldn’t be expensive.

The Quintessential Side Hustle Shopping List

To sell a product or service, you must emphasize its merits. Focus on its benefits. The key is to connect with people emotionally.You should seek out four types of people who can help you along the way once you’ve identified the benefits of your side hustle. <ol><li>Find supporters first. Families and friends are most likely to be involved – they can lend a hand in a variety of ways and support your effort. </li><li>Find a mentor, someone who offers guidance and advice. </li><li>Identify influencers. Trendsetters are those who spread the word about your product. </li><li>Finding ideal customers is the fourth step. </li></ol>

Understand Your Side Hustle’s Benefits And Involve The Right People

A guide to launching a profitable entrepreneural venture in less than a month shares practical exercises and inspiring stores about how to plan, launch, and refine a side business with minimal revenue and without having to quit a full-time job.

entrepreneurship

Entrepreneurship

business

Business

books

Books

The author of the New York Times Bestseller THE $100 STARTUP shows how to launch a profitable side hustle in just 27 days. For some people, the thought of quitting their day job to pursue the entrepreneurial life is exhilarating.  For many others, it’s terrifying. After all, a stable job that delivers a regular paycheck is a blessing. And not everyone has the means or the desire to take on the risks and responsibilities of working for themselves. But what if we could quickly and easily create an additional stream of income without giving up the security of a full-time job? Enter the side hustle. Chris Gullibeau is no stranger to this world, having launched more than a dozen side hustles over his career. Here, he offers a step-by-step guide that takes you from idea to income in just 27 days. Designed for the busy and impatient, this detailed roadmap will show you how to select, launch, refine, and make money from your side hustle in under a month. You’ll learn how to: •  Brainstorm, borrow, and steal to build an arsenal of great side hustle ideas (day 3) •  Apply “Tinder for Side Hustle” logic to pick the best idea at any time (day 6) •  Learn, gather, or create everything you need to launch; then set up a real life way to get paid (days 13-14) •  Start raking in the money by channeling your inner Girl Scout (day 18) •  Master the art of deals, discounts, and special offers (day 21) •  Raise your game: improve, expand, or make more money off your hustle (days 24-26) A side hustle is more than just another stream of income, it’s also the new job security. When you receive paychecks from different sources, it allows you to take more chances in your “regular” career. More income means more options. More options equals freedom. You don’t need entrepreneurial experience to launch a profitable side hustle. You don’t have to have an MBA, or know how to code, or be an expert marketer. You don’t need employees or investors. With Chris as a guide, anyone can make more money, pursue a passion, and enjoy greater security – without quitting their day job.

Chris Guillebeau is the New York Times bestselling author of The $100 Startup and other books. During a lifetime of self-employment, he visited every country in the world (193 in total) before his 35th birthday. Every summer in Portland, Oregon he hosts the World Domination Summit, a gathering of creative, remarkable people. Chris also hosts Side Hustle School, a popular podcast that is downloaded more than 2 million times a month.

Chris Guillebeau

Side Hustle

Side Hustle: From Idea to Income in 27 Days

Money can’t buy happiness, but the absence of money can cause unhappiness. Money buys freedom: intellectual freedom, freedom to choose who you vote for, to choose what you want to do professionally. But having “f*ck you” money requires a huge amount of discipline. The minute you go a penny over, then you lose your freedom again. If money is the cause of your worry, then you have to restructure your life.

We tend to picture "f*ck you" money as a minimum hurdle. What's your "f*ck you" money amount?$100K? 1M? $5M? $100M? Everybody has a different answer."F*ck you" money, in our heads, is a singular point. Once we cross it, life's problems melt away. When you have X amount of money, you can say "no" to things that you don't want to do. Nobody owns you. Your life is wholly yours. You have the ultimate degree of freedom.

What We Believe Is F-U Money

The reality isn't filled with straight lines that we can extrapolate forever. Reality is messy, full of nuance. The reality of "f*ck you" money isn't a singular point to cross, but a range to stay between. A dollar too much, and you descend back below that threshold. The formula is reversed, and additional wealth comes at the expense of additional freedom. Sure, you might be "rich" financially, but you don't have "f*ck you" money.

What F-U Money Really Is

<ul><li>A small increase in wealth leads to a massive increase in happiness when you have little, and massive increases in wealth hardly move the bar as net worth increases.</li><li>Poverty puts your destiny in the hand of circumstances that you often have no control over because poverty doesn't allow you any financial flexibility.</li><li>Poverty keeps individuals trapped in dead-end jobs because they can't afford to leave and look for something new. Poverty turns medical emergencies into financial catastrophes. </li></ul>

Being Poor Sucks

As your income grows, outside circumstances lose their grip on your life. If you have $50,000 saved up, you can weather seven months of unemployment, afford to repair your truck's transmission, and cover emergency medical expenses.If you have $50,000 saved up, you can quit your job and take a leap of faith to try something new.If you have $50,000 saved up, you have options.

Some Saved Money Helps With Options

Did billions of dollars make Elon Musk miserable? Did Warren Buffett, Bill Gates, and Jeff Bezos suffer failed marriages because of their $100B net worths? Not necessarily. However, the traits that made them so successful both financially and professionally have also made the other aspects of their lives a living hell.No one is superman, and we are all limited by time and energy. If you invest maximum effort into your career, your personal life has no choice but to suffer.

Being (Too) Rich Can Also Suck

Life is defined by opportunity costs. The opportunity cost of reaching the pinnacle of professional success is often a lacklustre family life. It's not necessarily that money destroys relationships, but the dedicated effort needed to achieve this success comes at the expense of other (often family) aspects of one's life.A singular drive to succeed professionally often yields a life where one's only success is in their profession.But it's not just the opportunity costs associated with the success that plague the ultra-rich, it's the magnification of every aspect of their lives.

No One Can Have It All: Understanding Opportunity Costs

Past a certain point, freedom of speech is a casualty of personal success.Money affects the dynamics of one's interpersonal relationships as well:<ul><li>When you are rich, new "friends" that seem genuine pitch you investment ideas four months into the "friendship". </li><li>Your dating life is compromised by bad actors that are more concerned with your wallet than your personality. </li><li>Family members come out of the woodwork asking for financial help.</li><li>Your private life quickly becomes a public life as your wealth and fame balloon. </li></ul>

The Loss Of Freedom And Genuine Relationships

If you are "publicly rich" (think athletes, authors, movie stars, politicians, etc.), you no longer have a private life. Everyone wants a piece of the public figure, for better or worse.If you are "privately rich", you still run the risk of sacrificing other areas of your life for the sake of success. You could have all the money in the world and be a prisoner to your ambitions. What good is $100B if all of your relationships are in shambles? Money can't buy true friendship, camaraderie, love, or desire.

Being Too Rich Is Like Being In Extreme Poverty

F*ck you" money is pure, unadulterated freedom with no strings attached.<ul><li>"f*ck you" money means you can do whatever you want. </li><li>"f*ck you" money allows you to travel wherever you want, whenever you want. </li><li>It means not having to check your bank account before buying something that you want. </li><li>It means that you make enough money through activities that you enjoy to cover all of your expenses without having to go to an office.</li><li>It will mean that you can't be "employed", because you won't need to work for someone else. </li><li>It will mean that you, and only you, will dictate the terms of your labour.</li></ul>

The Meaning Of F-U Money

"F*ck You" Money

Two ways this can be done:<ol><li>Subscriptions to the platform or to a specific creator subscription allow users to select different things based on their level of engagement</li><li>Reduce reliance on brand sponsors and increase the authenticity of creators. The drawback is the content reaches fewer people</li></ol>

VIP Membership Subscriptions for personalized content

Pinterest pioneered this field, but TikTok and Instagram are now moving into the ‘space’ as wellIncentives for both fields align when the creator is seen as an expert in the field the product is coming from

Commerce: Platforms that help creators sell their product

Typically one-time purchases are to a specific live event. The PPV model of boxing. A relatively new medium that has been accelerated by COVID-19

Virtual live experiences

These companies allow users to interact with people who have shared interestsCan be done for fitness, mental health, career guidance, etc.Platforms act as matchmakers and users are the community that people seek in that specific field

Internet-based paid communities

Popular in China and in video gamesAmong Us, a popular game, uses these to personalize a character despite the game being freeBeyond gaming, there has been little adoption in the US

Digital goods and in-app purchases

Livestream tipping has become a $10 billion industry in China. Twitch uses this in the US for videogame streamers. The downfall to this is that the tipping can be an inconsistent stream of revenue

Tipping, donations, and microtransactions

While the traditional ad model has worked well for social platforms in the past, new entrants have found new ways to monetize beyond targeted ads.

From VIP subscriptions to next-level ecommerce, here’s how social companies are skirting the traditional ad model.

startup

Startups

Six Ways New Social Companies Will Monetize | Andreessen Horowitz

​Millennials and Gen Zers have an addictive new way to buy stuff that would look familiar to their great-grandparents. “Buy now, pay later” is a type of consumer credit that really got going in the 19th century when Singer sewing machines were sold for a “dollar down, a dollar a week.” But the modern fintech twist in “BNPL” is that it’s aimed at people making impulse purchases of fashion or jewellery or electronics rather than sofas or refrigerators. It’s delivered through apps that are wildly popular, leading to dizzying valuations of startups like Amazon, Zomato etc.

BNPL is the way? 

​Buy Now, Pay Later (BNPL) is a type of short-term financing that allows consumers to make purchases and pay for them at a future date, often interest-free. Also referred to as "point of sale instalment loans," BNPL arrangements are becoming an increasingly popular payment option, especially when shopping online.

Defining BNPL

​‘The India Buy Now, Pay Later Report 2021’ by ZestMoney gives an overview of the Indian BNPL ecosystem, global best practices, and the way forward for the industry in India, along with revealing consumer preferences and how Indian states took to BNPL.​The report shares insights such as while most of the customers (median) were in the 23-26 years group, BNPL emerged as the preferred option for people across age groups with the youngest customer being 18 years old and the oldest at 66. The number of millennial and GenZ customer base increased by 2X and 3X respectively.

India Buy Now, Pay Later Report, 2021

​If you have been using Amazon pay later, Flipkart pay later services, then please read ahead.​If you borrow from AmazonPay later account, they divide it between two lenders: CaptialFloat and Karur Vyasa bank. Now two loan accounts will show on your credit report which has reduced my credit score.​What most people don't realize is BNPL are like unsecured loans. Most confuse these for Credit Cards. Both have separate use cases. One spoils your credit history, the other builds it if used wisely.

​How BNPL is messing your CIBIL Score

Millennials and Gen Zers have an addictive new way to buy stuff that would look familiar to their great-grandparents. “Buy now, pay later” is a type of consumer credit that really got going in the 19th century when Singer sewing machines...

Using BNPL Services? Your credit score is being affected.  - Advisoira

From groceries to gas, prices are up on a multitude of items — including one particular consumer staple: eggs.There’s a lot of chatter around exactly why inflation is relatively high, not only in the United States but globally. Some people blame the pandemic, others the supply chain, others government spending, others corporate greed. The truth of the matter is that there is a mix of factors in play, and there’s no one simple answer to how we got here — or solution to how to get out of this. To the average person, the whole thing can feel confusing.

Explaining Inflation

The <a href="https://www.bls.gov/news.release/cpi.t02.htm">Consumer Price Index</a>, which measures the average change in prices paid for things like food, clothes, housing, and transportation, was up by 7.5 percent overall over the past year as of January. The price of eggs, according to the measure, was up by 13.1 percent.The cause of the egg price increases we’re experiencing now is more of a production issue than a demand one, though both are in the mix. Egg prices depend in part on the chickens that lay the eggs — and currently, they’re more expensive to feed.

The Consumer Price Index

The egg industry, like every industry, is facing higher prices and challenges that are leading to costlier eggs for consumers overall.According to USDA data,the average year-to-date price on Grade A large eggs was $1.46 a dozen, which is up from $1.01 a dozen in 2021 and $1.00 a dozen in 2020. Because eggs are one of the ingredients in so many food items, you can see how all of this could push prices up on other things, too.

The Egg Industry

Increased freight costs are contributing to higher prices as well. Trucks to get the eggs from point A to point B are more expensive, as is fuel (likely becoming even more so now, thanks to the <a href="https://www.vox.com/the-goods/22949683/russia-ukraine-gas-prices-oil-inflation-stock-market">Russian invasion in Ukraine</a> and subsequent sanctions). Moscogiuri estimates that freight up 30 to 40 percent can translate into an extra 10 cents a dozen.

Transportation Costs

Everything is getting more expensive because everything else is, including when it comes to eggs. Like it has all industries, the pandemic has shaped the story of the egg market over the past two years, and that story hasn’t been a linear one. When the pandemic hit, there was a big spike in demand for eggs. People were cooking more at home, and eggs are often an item people could easily buy and store.The carton companies are struggling to make deliveries. Everybody’s raising their prices on everything, from cartons to corrugated boxes to the plastic wrap that goes around the eggs.

The Pandemic And The Egg

Looking at the <a href="https://beta.bls.gov/dataViewer/view/timeseries/CUSR0000SEFH;jsessionid=26858E8F3C34E557BABA917F3F9E18CE">Consumer Price Index month to month</a>, you can see how egg prices have bounced around during the Covid-19 outbreak. The CPI for eggs jumped by 15 percent in April 2020 and then fell in May, June, July, and August. The price drop is in part because the early days of the pandemic curbed demand for eggs and egg products from restaurants and fast food companies and food service operations, even while people were buying eggs at the store.

Month On Month CPI

As corporations and states start to push for eggs from cage-free chickens, that is pushing prices up, too. Essentially, it’s pricey to be nicer to chickens.Consumer demand for cage-free eggs has grown, though it’s not everyone’s priority. However, when regular eggs are more closely priced to cage-free and organic eggs, consumers start to opt for the slightly fancier option.

It’s Expensive to Be Nice to Chickens

Eggs don’t paint the full inflation picture in the US, but they do a part of it — it’s more expensive to feed chickens and move eggs around, so it’s more expensive to produce and move eggs, so it’s more expensive for consumers to buy eggs.They also help highlight the difficulties of solving the inflation problem. The egg industry isn’t wildly concentrated, so there’s not really a singular Big Egg to lean on to bring prices down. It’s also not the case that consumers flush with cash have been pouring their stimulus checks into eggs.

The Bottom Line

From groceries to gas prices, inflation is showing up across the economy. An explanation of the dynamics of inflation, explained by chickens and eggs.

Discover the world of business and economics.

economics

Economics

Inflation, explained by eggs

<ul><li>Most big cities in the United States have a few of these Bitcoin machines</li><li>Identify yourself with a phone number and a Bitcoin wallet</li><li>You will be texted a code so you can move forward</li><li>Once you have put money into the machine, it will ask for the address of where you want it sent</li></ul>

How to Use a Bitcoin ATM

This is a way to get involved without having to risk identity theft by providing so much documentation to relatively new entities like Coinbase and BinanceThe Bitcoin ATM means you can put a little money in overtime, but stay away from identity risks exchanges representDo your own thorough research before making any investment decisions.

Why use one?

It is a legitimate question, Why use a Bitcoin ATM anyway? The fees seem higher than on the exchanges. One reason is privacy

Why Use a Bitcoin ATM?

<ul><li>Banks are in the business of making money, even if that means charging you to deal with money that's yours.</li><li>The concern is that consumers aren't able to effectively comparison shop because of practices such as drip pricing or hidden pricing that hide actual costs.</li><li>There's only so much we can expect out of private banks - which is why some experts say the public sector, like the post office, would be a better option.</li></ul>

Spending Money To Access Your Own Money

<ul><li>Banking fees are associated with access to the payments system and all of the products and services that come along with that.</li><li>Some people in the banking industry say that measures such as overdraft fees are meant to deter customers from overspending.</li><li>In the past, banks have used overdraft protections (and fees) in their marketing to try to entice customers.</li><li>These are businesses, not governments, and it's not clear that banks should be in the business of trying to police behaviours through fees.</li><li>Overdraft fees are almost pure profit.</li></ul>

When Banks Have You, They Have You

Experts have advocated for <a href="https://scholarship.law.uci.edu/faculty_scholarship/695/">postal banking</a>, which would essentially turn the US Postal Service into a place that would <a href="https://www.vox.com/2014/8/14/5989767/postal-banking-questions">also offer basic banking services</a> like checking accounts, savings accounts, and payments. The idea is that it would <a href="https://www.vox.com/recode/22243799/post-office-delays-postal-banking-usps-reform">reach and serve as an option for the unbanked</a> and offer lower-cost options for transactions than private banks, such as low-fee ATMs and check cashing. <a href="https://www.gillibrand.senate.gov/news/press/release/senators-gillibrand-and-sanders-reintroduce-postal-banking-act-to-fund-united-states-postal-service-and-provide-basic-financial-services-to-underbanked-americans">Postal banking has been proposed on Capitol Hill</a>, but thus far, it hasn’t gotten very far legislatively.

The Alternative: Postal Banking

There’s all sorts of advice out there about how to avoid bank fees that encourage consumers to be savvy and shop around. But the reality is not everybody has the time or energy to do that work.

Why it costs money to get your own money

Rents are going up, but brokers insist that negotiations are still possible, even in a competitive market.Call your landlord at least three months before the lease expires and ask whether the rent will be going up. This will give you time to negotiate and consider your options. Here are some tips from the experts.

Rents Going Up

Vacancies cost landlords money — they lose rent while they clean, paint, repair and show the apartment. And they may have to pay the broker’s fee, too. A new tenant might be noisy or not pay on time. Point out these risks, and ask for a compromise.Perhaps you could shave $100 a month off the increase. Or, find other ways to save. Ask for an 18-month or 24-month lease to lock in the terms for longer. If you pay a pet or amenity fee, perhaps the landlord might waive one.

Playing To Your Strengths

Do your research on rentals in the building, on the block and in the neighborhood to make sure the renewal price your landlord is offering is fair and in line with the current market. Leverage that data in conversations with your landlord.Moving is not cheap. Calculate how much it will cost you to move, factoring in a moving van, a broker fee and other associated costs. Then calculate the increase over the course of the year and decide whether or not you’ll come out ahead if you stay or if you go.

Do Your Homework

Brokers insist that negotiations are possible, even in a competitive market. Here are some tips from the experts.

marketingandsales

Marketing & Sales

How to Negotiate Your Rent (Which Is Probably Going Up)

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