Don’t Buy Crypto, Earn Crypto

Andreas Antonopolous is often referred to as the godfather of Bitcoin. He refers to himself as akin to the guy/gal at the front of a Walmart who welcomes you to the store and offers some friendly advice to help you go where you need to go.

I was listening to this talk he gave where he was answering a few questions from the audience. Something that sticks out to many of us in crypto is the part when he says to not buy Bitcoin.

As one of the thought leaders in the crypto space and proponents of Bitcoin/crypto adoption, why would he tell people not to buy Bitcoin? Is there something wrong with buying Bitcoin? If nobody bought BTC, then wouldn’t we have a price crisis?

This is something that all of us on Steem can easily relate to, in my opinion. When I try to onboard people who have no experience with crypto into the Steem ecosystem, I offer them free money.

Free money in the form of setting them up with a Steem account and then offering them upvotes when they do certain things, like make their first post about something. Now that I run SteemLeo, I have a lot more tools at my disposal and can even offer LEO bounties and STEEM bounties to people I bring on board. It’s less about making $10 or whatever I decide to give them and more about gamifying the process.

A lot of people want a fun way to make something that they care about — more money. They also have a piqued interest in crypto because they’re constantly hearing the word Bitcoin in the news these days. So when people inevitably call me up or I meet with the min person and they ask me how they can buy some crypto, I offer this as an alternative.

In this way, I’m bringing them in to the crypto economy without actually having them buy any crypto in the first place. In order to buy crypto, you need to go through the traditional banking system. This system is rife with corruption, absurd fees, tracking and a slew of other downsides. Simply put, buying Bitcoin or any other cryptocurrency is a pain in the ass and costly in a myriad of ways.

Andreas asked an important question in this talk after saying that you shouldn’t buy Bitcoin… he asked:

“Do you buy Euros?”

For most people, the answer is clearly no. You don’t buy Euros or Dollars to live your daily life. You may buy them when you go on vacation to another country, but we’re talking about the currency you use in the here and now as you go about your daily business.

You don’t buy your local fiat currency. You earn it. You trade your skills, knowledge, time or what have you for the currency that you use to eventually exchange for food, shelter and other goods and services that enable your lifestyle.

Following this logic, we all look at BTC and other cryptocurrencies as digital money. Digital gold is often a reference point to BTC because it is not feasible to use it for small, daily purchases. Bitcoin is our long-term store of value and other cryptocurrencies that offer fast transactions and low-to-no fees are the ones we ought to use for our daily spending habits.

Earning crypto for what you do may not be the easiest thing in the world today. I can guarantee, however, that it is 100x easier to earn crypto for your skills, knowledge and labor today than it was 4 years ago. More people know about crypto now and a lot more people use it than did 4 years ago.

There are also incredible innovations, such as the Steem blockchain. Which offers us a diversified, online community of people who are all tied by one core trait: an interest in cryptocurrencies.

By using Steem, people from all walks of life and geographical means can interconnect and transact with one another. Upvotes are a kind of “tip” that you give to someone.. but there’s a whole lot more going on here. There are developers who are connecting with project leaders. There are designers who are connecting with businesses. There are freelancers who are finding work on all kinds of projects.

As @exyle often says: this is a “massive social-economic ecosystem”. A true blockchain of opportunity pandering to all matters of skill, location, age and social status.

Rather than go through the traditional banking system to constantly buy crypto, join Steem and earn it. As I said, the rewards pool is the tip of the iceberg. The real opportunity that Steem presents is the ecosystem of DApp projects, communities and businesses that empower each and every one of us to monetize our passion and earn cryptocurrency as a result. Free, fast and scalable transactions lie at the core of STEEM and allow anyone, anywhere to exchange value for value.

Comments 20

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12.11.2019 22:41

When it's all said and done, Steem will be on the Mt Rushmore of blockchains in 20 yrs.

12.11.2019 22:45

it will have a few faces??

13.11.2019 18:14

I agree. The technology and community plays out in the end. For now, everyone is still focused on price action

14.11.2019 03:27

That is why #steem is so special as it allows people to earn cryptos @khaleelkazi by sharing what they have to offer to the world.

12.11.2019 22:54

100%! It's a blockchain of opportunity that presents us all with the chance to monetize what we love doing and are good at

14.11.2019 03:28

I think that's what attracted me so much to this blockchain....The earning potential. I didn't have millions to invest in crypto, but I believed in it.

So when I found the combination of social media / blogging along with this blockchain, I was hooked. And you are right, the rewards pool is just the tip of the ice berg!

12.11.2019 22:59

Same here -- I remember coming to Steem and seeing the $ amounts by posts. I had always wanted to write content online and earn a living from it. Little did I know that I had just found the beginning of a massive rabbit hole of opportunities to learn, grow and earn on Steem. It's truly amazing

14.11.2019 03:30

Ha ha ha Rabbit Hole for real! I keep getting sucked in lol

14.11.2019 08:05


This is the exact conversation I had with a guy I use to work with over lunch about a month ago. I got him on actifit and that was my exact reasoning. I told him the key is not to buy crypto out of each check (not that there is anything wrong with that) but to earn it. That struck a chord with him.

This is why I feel Steem is so powerful. There is no doubt in my mind that Steem will be near the head of the class within a year of communities and SMTs coming out. Why? It gives everyone the opportunity to get rewarded for their efforts.

12.11.2019 23:37

I think that is really the key to attracting and retaining new users. Asking people to buy-in to something that they don't understand is a horrible way of going about it. Instead, we can offer them guidance in joining something like Actifit or Splinterlands or what have-you and invest time in learning how to navigate the technology. From those actions, they get rewarded with small amounts of cryptocurrencies and eventually get hooked on the whole ecosystem.

14.11.2019 03:33

I Really Like Earning NFT's (Non Fungible Tokens) called Steemmonsters.....Great Post @khaleelkazi

13.11.2019 03:45

haha yes! Can't miss out on those good ol' NFTs. That's yet another way to earn crypto without having to make a large, up front investment. Splinterlands is absolutely underrated

14.11.2019 03:31

Your whole reasoning here is just amazing @khaleelkazi, and especially the quote, “Do you buy Euros?”, that really summarizes it all, we earn Euros or Dollars and use them to buy the goods and services we need, and that's how we should look at crypto, both you and @jongolson makes a really great job to onboard more people and make them see this reality, keep up your great work and stay awesome.

This is Awesome Content, and it has been manually curated with an upvote of 60% from @thisisawesome and it will be included in our Awesome Daily report in category Awesome CTP Curation for more visibility.

The goal of this project is to "highlight Awesome Content, and growing the Steem ecosystem by rewarding it".

13.11.2019 21:31

Thanks @thisisawesome :)

Yes, that's a huge point. I've been using that in conversations lately as I try to bring people around on the idea of cryptocurrencies and their potential. Most people don't realize that for crypto to work as a medium of exchange, it needs to be treated like any other medium of exchange.

14.11.2019 03:34

Thanks @khaleelkazi, that is right on point, keep up your awesome work.Posted with

14.11.2019 12:36

Im really enjoying earning crypto now with the first payouts after 7 days from the new Appics App. I created a short post about it and used the #steemleo tag but it did not show up here, it was my first time posting here in a long time, to bad it did not work, anyways here is the link with the Banner / meme I created for Appics today, if you get a chance to check it out, thanks!😍👍💯
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upped 💯 and resteemed your awesome post @khaleelkazi , keep up the great work, I really love what you have done with this STEEMLEO Site!

14.11.2019 02:23

Haha yeah! I love using all the amazing Steem-based dApps to earn crypto for doing the things I love. I think we have the Appics tag blocked from the interface, as many people have spammed in the past with pictures and no text -- making an Appics (similar to making an actifit report) -- typically has nothing to do with #steemleo except for the rare circumstance like your post. It sucks that we don't have a better way to filter than that. Sorry about the confusion

14.11.2019 03:36

Ok well good to know! maybe you could do it like in so many words or more, I know some tribes are like 200 words or more for an upvote kind of thing.👍

10.12.2019 22:11