Warning: If you're new to this podcast and jumped straight to this episode, I suggest you instead start at the beginning. I know that learning the secrets of investing and making money in crypto sounds appealing, but this episode relies on a lot of concepts I've been slowly explaining in a very intentional order across the previous 20 episodes. This is complex stuff, and I think you'll be best served by listening to everything.
- Investment category #7: NaaS (nodes as a service, i.e., StrongBlock), why it's been one of the most challenging investment opportunities for me to write about, why it feels almost too good to be true, some of the concerns I have, and how to deal with taxes
By the way, before deciding to invest in StrongBlock, I recommend listening to episode 22, where I share some of my evolving thoughts on the project.
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The corresponding blog post with links and images:
https://www.michaelcaloz.com/2022/01/05/easing-into-crypto-part-21-the-single-investment-thats-made-me-the-most-money-strongblock-and-wrapping-up-the-high-reward-high-risk-categories/
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Update from April 7, 2022: The token has since updated to STRNGR. Most of the rest of this episode should still be accurate, but replace the word STRONG with STRNGR. As of today, you can only get the new token in one place: from the StrongBlock dapp, click All Nodes, then “Get STRNGR.” That links to Uniswap, which is currently the only legitimate source of STRNGR. Everywhere else advertising it is a scam—be careful out there!