Second Helium Hotspot goes online
I'm pretty excited to get this DIY Helium Hotspot online to our first Helium Host client. So far, it's brought in about 85 Helium Network Tokens (HNTs), which is right on track with the projection:
The $HNT are shared with the host just for providing power, a stable internet connection, and a clear view of the sky. I've enhanced this one with a LoRa 5.8 dBi Gain antenna, which should extend its range to communicate with other hotspots in the city.
By the end of 2020, Flywheel Systems will install 10 more hotspots throughout the city, and not long after that, we'll be placing another 40 at hosts in STL and across the country. And yes — many more after that.
I’m sure you can do the math on that. I’m bullish that the price of HNT will rise in the next year, but even so, this little guy could earn about $2500+ in one year.
If you're interested in hosting a hotspot and earning your own $HNT, give us a shout. We will ship your hotspot for free and remotely manage and troubleshoot it for you. Be a part of #ThePeoplesNetwork while earning passive income.
Helium Network hits 10k live hotspots
My first Helium Hotspot went online on January 14, 2020. Before I purchased it, I was skeptical, but researching this project made me feel good about jumping into this endeavor.
(If you’d like to learn more about what Helium Hotspots are, check out the Hotspot section).
This is my first hotspot. I upgraded the antenna and have gained more range as a result, allowing me to earn more $HNT.
When I started participating in #ThePeoplesNetwork, there were only a few thousand hotspots online. But as of today — in less than a year — The People's Network has hit 10,000 active Hotspots in over 2000 cities across 49 countries. That kind of growth is remarkable.
I've been earning Helium Network Tokens (HNT) since January, and they finally went on the market in June, establishing a value for the tokens my hotspot had mined at that point. So far, I have 7,167 HNT. The current value in USD is about $9603. Not bad for providing proof of coverage for IoT devices — so people can find their lost dogs or rent an electric scooter.
I have been so bullish on this project. So much so that I've incorporated the distribution and maintenance of hotspots as one of the key services of Flywheel Systems.
I am in the process of expanding the network here in the St. Louis area and working with others to add hotspots in other locations throughout the country.
If you're interested in hosting, please contact me. If you'd like to learn more about how this works, check out the Hotspot section of the website.
Revolutionaries of Our Time — Elon Musk (EDIT) — NoT Alex Mashinsky
Note: I was utilizing Celsius Network to earn significant interest on my cryptocurrency holdings since 2017. Although it's clear that Alex Mashinsky misled its customers by over-extending their position in the market, I do believe in the potential to earn more interest than traditional banks by letting your assets work for you.
We were all deceived by Mashinsky, though. He stole from us, and I humbly withdraw my belief that he was a revolutionary. Turns out he was a scam artist.
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I put a $5000 deposit on the Tesla Model S in 2009 — three years before I would receive the car. I also put $5000 worth of stock into the company. I'm sure you know the journey that stock has taken....
But I don't want to talk about the wealth that investment generated as much as highlight the forward-thinking nature of both Elon Musk and Alex Mashinsky. They are both visionary and are in their own ways the backbone of technological evolutions in the world.
No doubt more people know about Elon Musk, though. And for all the innovations he's helped bring to life, there are other significant innovators we need to pay tribute to — and even profit from. My eight-year-old Tesla Model S is still an amazing piece of technological innovation, and I proudly wear my SpaceX t-shirt as well. But what Mashinky is doing now is astounding and will impact the world in ways similar to cheaper ways to space, better batteries, and affordable electric cars.
I have known about Alex Mashinsky for decades, but in 2017, after some research and direct experience with his latest endeavor, I've come to appreciate him on the same level as Musk. In addition to being one of the first firms to develop the technology that provided Voice over IP, develop a pre-uber technology company, provide Wi-Fi internet service to the New York City Subway system, he has been working to equalize access to the internet and break through the walls of old, monopolized industries.
His latest endeavor is Celsius Network — a global P2P financial, decentralized platform that connects cryptocurrency owners with borrowers. Crypto holders can earn interest on their assets or receive cash loans. Users can earn unbelievable interest on their holdings while those deposits are used for loans to others at super low rates. The platform acts like a bank, but instead of offering .05% APY on your savings account or pay 22.9% interest on your credit card, users can benefit from compounded interest from 4% to 12% (depending on demand and the particular cryptocurrency) and loans for only 1% interest. That’s why their slogan is “Unbank Yourself.”
I've been earning major interest for years now, and the rates are only improving. Competition is kicking in, too, but a lot of the companies still want to charge fees and the like. But at this rate — five years from now — I can't imagine any bank will survive if they are not giving their customers 10% or more on their savings accounts.
There's truly a revolution happening. And just like my feelings about Elon Musk back in the mid-oughts that propelled my investment into Tesla, so goes my enthusiasm for Mashinsky and Celsius Network.
And that's why Flywheel Systems is here — to help you reap value out of these ground-breaking opportunities.
Flywheel Systems uses Celsius Network and other similar platforms to help maximize the return on its customers' deposits. If you'd like to know more about how we can help you earn amazing rates on your holdings or help you get set up on your own, contact us to get started.
If you'd like to explore Celsius Network on your own, use this referral link to earn an additional $40 in bitcoin with your first transfer of $400 or more.
DeFi — The Unicorn of Cryptocurrency
I bought my first Bitcoin in 2013.
Of course, knowing what I know now, I wish I would have purchased it back when I was first interested years before. I didn't realize at the time it would be as valuable as it is today, but it is one of the best investments I’ve ever made.
At the time, I was more interested in its utility. I found bitcoin while searching for alternative ways to avoid fraud. My company, Tripster (Reserve Direct at the time), was dealing with a ton of credit card fraud. For example, people were purchasing Disney World tickets with stolen credit cards and selling the tickets at the gate for cash.
Of course, as soon as the fraud victim discovered the charge on the account and called their credit card company, their money was returned to them, sticking my company with the bill. We regularly had $50,000 to $100,000 a year of loss due to credit card fraud. For a modest company like ours, where our profit margin averaged 15%, that's a huge slice of our profits. And not only did we have this "expense," we devoted a ton of resources to mitigating these losses — customer service and development staff. And even though all of that time paid off by lowering losses, they were still significant and a major distraction to the business at hand.
Surely there had to be another way.
With Bitcoin, no purchase could be made without first verifying the funds of the buyer. No credit card company could charge it back, leaving us high and dry. But of course, it was a new technology, and only until recently do major companies even accept it as payment.
But as I watched it over the years, I saw a whole suite of new utility cryptocurrencies emerging in the space. A ton of them were scams, but many of them (like Ethereum) showed amazing promise as both utility and infrastructure, but I will go into those in another post.
The utility we are focused on here at Flywheel Systems is just one of many concepts spawned from the cryptocurrency movement — Decentralized Finance (DeFi). Staking your holdings in a DeFi platform is much like depositing your cash into a bank — except that with these platforms, you earn significantly more interest than any bank can offer. Plus, you can borrow USD against your staked holdings at interest rates that put traditional banks to shame. That’s pretty unicorn-ish, isn’t it?
At first, I thought it was too good to be true. But I researched the companies and the players and found the best platforms. I staked some of my crypto at first, saw the results, then added more. I have been earning between 4% and 12% on my holdings, depending on the coin. I've been doing this for a few years now, and I've since become a bit of an emissary for the concept. (Which is why I started Flywheel Systems).
I like the idea of making money while you sleep. That’s one of the great things about Tripster — as much work that it took to build and grow these last 19 years, and with all of the frustrations of building and running a business, people are still buying Disney World tickets and helicopter tours and vacation packages at all hours of the day and night. (Well, not as much in a pandemic, of course). It’s not quite passive income, but it’s a part of the energy that gets the flywheel going.
And that’s exactly what we’re all about here — utilizing cryptocurrencies to generate significant passive income. But people that don't understand bitcoin and cryptocurrencies tend to be afraid of them, noting their volatility. But there are digital assets that maintain value and are often more in demand than bitcoin and similar coins. Platforms pay generous interest for those deposits while they lend the funds to other borrowers.
I'm pretty passionate about this. Since I started earning, there have been a lot of competition in the DeFi space, but a number of them are just playing the same games as traditional banks — charging fees and squelching your earning potential all while they use your money to earn big profits from other borrowers. I can help you find the best opportunities.
If you're reading this, you're most likely skeptical as I was years ago. But in just a few years, this concept will be as common as your corner franchise bank, except those banks will start dying off if they can't offer this kind of interest and borrowing power.
But before then, Flywheel Systems will help you maximize your interest by finding you the best opportunities for return on your cash, giving you a true passive income stream.