Yeah I'm getting people coming out of the wood work who acted like I was a scammer talking about crypto currencies in 2013, 2014, 2015, and 2016. Suddenly I guess I have some insight.
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Yeah I'm getting people coming out of the wood work who acted like I was a scammer talking about crypto currencies in 2013, 2014, 2015, and 2016. Suddenly I guess I have some insight.
My friends and some of my family still think steemit is a scam. So does my entrepreneur mentor.
It doesn't surprise me. Most people are first going to be disolutioned if somehow someone found a way to make money not having a "real job" because ultimately they are jealous if they had to go to a job everyday for decades and somehow someone else didn't have to do that. So they will discredited it out of jealousy.
Secondly the difference between something we consider to be legitimate and something to be a scam is such a fine line. Most people would agree that Amway and Herbalife is inherently a scam but those companies are still legally able to operate in the United States and most other companies despite having 99% of their distributors losing money in what is being pitched as a money making opportunity. Even stuff like Twitter could be considered a scam because it will never make money and so investment in it has been more about passing the hot potato. Most venture capitalist probably knew it would never have a profitable model but that doesn't really matter. If they are in early and it goes public or gets bought out by a bigger fish then they are able to capitalize and on down the line somewhere there will be a lot of bag holders.
You know who I think is a scam?
UBER.
I worked as an Uber driver and I can tell you there is very little money to be made. If you own a SUV or a truck, you'll lose money. Some nights I waited around an hour, then got one ride, which was to drive a couple across town. Guess how much that ride cost? $5. Guess how much I got? $4.30. The only way to make any money is work the drunk shift, concerts, the like. Day time Uber in mid sized cities is a scam. No money hardly at all.
I hear you on that. I never drove for them or Lyft but I suspected this to be true in most markets. Where it sort of becomes a scam is when they are pitching on the radio that you can make $18 / hour. Most people can't calculate the expenses and wear and tear on their vehicles to really know what they are making.
Like most opportunities they sell HOPE. But in my opinion those aren't near as bad as all the MLMs out there.
They don't pay for the gas to pick someone up either. So, let's say Im in a city and I get a request from 45 minutes away. Uber doesn't pay for the gas to pick them up. These "sharing" platforms are nothing but centralized slave operations. It's not the sharing economy at all.
Yeah it makes sense. I get what you are saying about being slave operations. From their perspective it makes a ton of sense. Displace the risk to the end operator. I used to really feel that way about Adsense as well. That it was a new form of slave labor. That is part of the reason I have never focused in on Adsense as a revenue stream on YouTube. A person has to almost be subsidized for a long period of time and everything has to fall into place for the magnitude of their channel to get big enough to make extra ordinary sums of money from Adsense. I still think that YouTube is an interesting opportunity though.
I have around 500,000 combined video views, and make about $10 per month on Youtube......not great.
true dat.
oh do you ever. just wait, 10,000 'crypto experts' will soon be spamming all airwaves. just watch.
YUP