2/18 - FriYays
This message actually has non-crypto content. Enjoy the gifs.
HAPPY FRIDAY
Welcome to the 2/18 Friday Hostility Diplomatic Negotiation Special
Finally, some non-Crypto Content!
I started my MB/A
Someone tried to scam me
Crypto Reward Tracker (Okay I lied)
In Case You Missed It
I started my MB/A
This week I started my MB/A with “Cohort 4” of the Morning Brew Accelerator program. It’s an 8 week intensive program focused on leveling up professionally - leadership and technical - as well as expanding my network. So far, the energy is contagious. Ask me in 8 week if it’s worth it.
Someone tried to scam me
I’ve learned how to spot fakes over the years. Can you see all the red flags?
Answer: The phone number is a dead giver away (should be 5 digit, not 10/11 digit, the URL is bullshit (it doesn’t have the “S” in httpS, and Chase never talks to me this way)
Crypto Incentive Rewards Tracker
TL;DR: Working on it.
Last Friday I posted things about a “Crypto Incentive Rewards Tracker”. Basically, the idea was can I apply the same logic I used for sign-up bonuses on travel reward credit cards, but Crypto. The answer is yes and I’m still working on simplifying it since its a bit messy and convoluted.
This week I got a wrench because of this headline: BlockFi Agrees to Pay $100m in Penalities and Pursues Registration of its Crypto Lending Product.
I won’t get into the gritty details, just that one of the BlockFi rewards - the BlockFi Interest Account (BIA). It provided up to 9.25% of variable interest paid monthly provided that you lent Crypto to BlockFi. That’s right, you lending a company Crypto and getting $$$.
The BIA is no longer offered. Such incidents have happened before with Coinbase canceling its lending product last year. It comes down to classification and investor risk.