Notes on SoMee Update:

About quality content and engagement:

"Factors such as the quality of content, user engagement metrics, and overall contribution to the platform’s ecosystem are considered when calculating rewards."

About the Power Decay process:

"If users remain inactive for a certain period, their power starts to decay gradually. The decay rate is 10% for every seven days of inactivity."


https://someeofficial.medium.com/somee-update-8-13-23-4b8ba0d8ff42

#someeofficial

https://3speak.tv/watch?v=rzc24-nftbbg/loxjkpvm


Of course the title needs qualification. The days of cryptocurrencies are over as far as their status as non-securities are concerned. That's the message of Itai Avneri, the Chief Operating Officer of INX.
Is he correct? Why is he re-echoing the message of Gary Gensler? What is his intention?
As Hivers and Lions, how do you see this kind of message? What is your response to this kind of doomsday scenario?
If you want to check the article that I discussed here, kindly click this link
Grace and peace!

https://3speak.tv/watch?v=rzc24-nftbbg/bmqtgvwz


In this video, I just want to share my story how did I end with blockchain and cryptocurrency community called Hive.
This is a test video. Pardon me for the imperfection. I think if I will keep waiting until the right time, nothing will happen. So better to start with what I have.
Grace and peace! 3Speak

https://3speak.tv/watch?v=rzc24-nftbbg/lzhkednt

Does the entry of BlackRock in cryptocurrency signal the return of the Bull Market?

Since 2015, I have been hearing a lot of good things about BlackRock when I started trading in the Philippines Stock market. However, my knowledge is just superficial. All I know is that BlackRock is a big name in the investment world. Beyond that information, I know nothing about the details and the nature of the investment of this giant financial firm.

Now, with this recent press release from cryptoglobe.com about BlackRock entering into the crypto space, this made me curious to dig a little deeper into the involvement of this financial titan.

In Wikipedia, BlackRock is described as “the largest asset management company in the world.” In terms of age, it is still very young. It was established in 1988 and so that would make the firm just 35 years old.

What I find impressive in this company is its client base which includes huge companies, the big names in the institutional and individual investing world, as well as sovereign governments.
Now, with the involvement of governments in BlackRock, this made me reflect on the recent interference of governments in the crypto space.

One, if governments are included among their clients, I am now wondering about the future of regulation and legal issues that Centralized Exchanges (CEXes) are facing today such as Coinbase and Binance. Especially, in relation to the US government. Perhaps, unlike other governments, BlackRock doesn’t manage any fund related to the US government because if they have, then how you would reconcile BlackRock’s move with the US government fund being managed by BlackRock? If the US government has any funds entrusted to BlackRock, how can the SEC for instance sustain their goal of destroying the space?

Or if the US government has an investment managed by BlackRock, perhaps, these assets are in safer financial instruments and not necessarily in the field of cryptocurrency.

And then another thought, perhaps the hostility of the US government against cryptocurrency is motivated by those who either don’t understand that character of the space or if they do understand, they don’t like the idea of transferring financial sovereignty back to the people. They want to be in control.

Nevertheless, as far as Japan, Kuwait, and Abu Dhabi are concerned, whether the governments of these nations are crypto-friendly or not, one thing is clear: these governments trust BlackRock with their sovereign wealth funds and that’s why we see BlackRock managing the Government Pension Investment Fund (GPIF) of Japan, the Kuwait Investment Authority (KIA), and the Abu Dhabi Investment Authority (ADIA).

Pension funds like "the California Public Employees' Retirement System (CalPERS), New York City Pension Funds, and Teacher Retirement System of Texas" are just a few notable organizations that put their trust in BlackRock. Along with big businesses like General Electric (GE), IBM, and Microsoft, insurance firms have entrusted BlackRock with managing their assets.

Its clients include central banks as well, which surprises me. Examples include the Bank of England, the European Central Bank, and the Bank of Japan.

Last but not least, BlackRock is responsible for managing universities like Stanford University and Harvard University as well as charitable organizations like the Bill and Melinda Gates Foundation.
We could therefore conclude from BlackRock's client list that it is truly a massive, mammoth in the investing industry.

Now, returning to our question: “Does the entry of BlackRock in cryptocurrency signal the return of the Bull Market?” What did BlackRock do by the way that would cause us to consider such a question?

We are told that BlackRock moves into the cryptocurrency space by filing for a spot Bitcoin ETF and it is considered the major catalyst for the recent rally in the price of Bitcoin. And then the wider cryptocurrency market followed in such a price rally. Even meme coins like PEPE have experienced significant gain as well as other names such as ETH, BNB, and XRP.

Inspired by the action of BlackRock, we are also told that 96% of professional investors are considering making cryptocurrency investments. This is according to the survey conducted by Laser Digital. And so, these financial companies are now following BlackRock in this Bitcoin ETF thing.

What’s your take on this?

As for me, this confirms that we are really living in a clown world. Anticipate for more entertainment in the coming days.

Grace and peace!

What is Hive?

What is LeoFinance? 3Speak

[Source](https://openart.ai/create)
Last night, as I created the 3Speak video about The Power of Financial Literacy, I thought of rewriting the article and giving it a different title. And the title that comes to mind is Protecting Yourself from Financial Disaster. I think this title is appropriate for the 3rd chapter of Robert Kiyosaki’s book Rich Dad, Poor Dad opened with such a story.
The story is about the common tragic end of the nine richest businessmen and great leaders that met at the Edgewater Beach Hotel in Chicago in 1923. I am tempted to do deeper research about this to check the accuracy of the information I got from Kiyosaki’s book. However, after a few moments of consideration, I don’t think that it will add any value to what I am writing and so I dismissed such an idea. I might get distracted from my main goal today, which is to introduce the power of financial literacy to protect you from potential financial disasters.
Personal and Global Financial Disasters
[Source
](https://openart.ai/create)
A personal financial disaster can take many forms. Among the most popular are personal bankruptcy and investment loss. Though financial literacy distinguishes the difference between a good debt and a bad debt, putting it into practice is not as easy as it appears. Once the investment that you expect to give you a higher yield to pay for the interest that you borrowed from the bank for instance turned bad, then your good debt will suddenly turn into bad debt. And if you accumulate an excessive amount of debt and are unable to repay your creditors, this can result in the loss of the assets that you used as collateral. It can also damage your credit standing. Such personal bankruptcy can have long-term consequences that you might not anticipate.
Investment loss is another form of personal financial disaster. Investing a huge amount in what you expect will soon go to the moon can lead to significant financial loss. It happened to me when I just entered the stock market in 2015 ending the year with a 49% loss in my capital. Moreover, crypto projects are also not immune to this kind of loss. The space has many stories of people who lost a large part of their savings by investing in fraudulent schemes or in a project that suddenly crashes without warning.
As for global financial disasters, the most memorable are The Great Depression in the 1930s and the Housing Meltdown in 2008. Even the most recent examples of global financial disasters due to COVID-19 and the lockdown had a destructive impact both in the life of individuals and organizations. Hundreds of schools shut down in the province of Cavite, Philippines during those frightening years. I am not sure how many have already resumed their operation. Anyhow, the pandemic and the lockdown policy destroyed a huge amount of capital and impoverished many due to widespread business closures and job losses.
The Need for Financial Literacy
Hearing the story of Robert Kiyosaki about the lamentable ending of the lives of those nine men directs our mind to the importance of financial education. He suspected that the reason why these men shared a common fate such as dying broke, becoming insane, suffering imprisonment, and committing suicide was that they were not mentally, emotionally, and psychologically prepared to confront the financial loss associated with what happened during The Great Depression.
The Power of Financial Literacy
Among the eight insights I shared last night, this time I just want to focus on three of them: the legend about three powers, the danger of conforming with the crowd, and understanding what wealth is.
The Three Powers
Robert Kiyosaki shared a legend concerning the belief of the Japanese in three powers. These are the power of the sword, the power of gold, and the power of the mirror.
The first power refers to weaponry or military superiority. The second points to the power of money. The third symbolizes the power of self-knowledge. Among these three, the power of the mirror is the most influential for it can give you control over the other two powers.
The Danger of Conforming with the Crowd
Conformity with the crowd results in financial struggle, says Kiyosaki. Based on his observation, people are afraid to think and act differently from the crowd. Instead of questioning the practice of the crowd concerning money, we tend to conform due to our fear to suffer being ostracized. The problem is, the crowd thinks like a herd. They simply follow what they are being told. A person who dreams to attain financial freedom must think and act differently from the crowd.
Wealth
Wealth is subjective and interpretations of it vary. Some societies emphasize the economic and financial aspects; others would consider themselves wealthy if they are rich in love, health, relationships, and personal development.
Nevertheless, our reference in our definition of wealth is derived from Buckminster Fuller. For him, wealth is measured in terms of financial survivability. What he meant by this phrase is the ability of the person to survive for how long once he stopped working. I think not many will survive even in just one month once they are out of a job. If this is the case, then not so many people are wealthy.
I think that’s all I can share about the way financial literacy can protect you from unexpected financial disasters.
Grace and peace!
What is Hive
What is LeoFinance?
Note: I used a portion of this article in the 3Speak video where I talked about The Power of Financial Literacy.

https://3speak.tv/watch?v=rzc24-nftbbg/zzxhwnoz

In this video, I shared about the power of financial literacy. Knowing its power is our way to prepare ourselves against any financial disaster that will come our way whether personal or global such as what happened in the 1930s and in the 2008 Meltdown. 3Speak

https://peakd.com/hive-167922/@rzc24-nftbbg/the-power-of-leverage


[Source](https://openart.ai/create)
The second article here is from an old archive dated 2011. You know I have been blogging since 2009, but I didn’t earn a single penny. I just love such a thing. So, it’s more of a personal pleasure though I don’t receive any incentive from such an activity.
I actually have 29 blogs. I am more like squatting here and there on the web, an “illegal settler” if there is such a thing in cyberspace. It never entered my mind that in exploring the world of Web3 I could monetize the time and energy that I spent during those 15 years of seemingly wasting my precious resources. Now, at least, I don’t need to start from scratch.
After learning a few basic things about blockchain, cryptocurrency, DeFi, and particularly about Hive, I can now expand or make some twists or update those articles to make them relevant or contemporary in the fintech world.
Starting with zero knowledge in any field isn’t easy. It will take time, a lot of unlearning and relearning has to take place until you gain some familiarity with the subject, and then that’s the time to speak. After close to two years of listening to great content creators on Hive, it just came naturally for me to experiment with video uploading. There was no plan, just simply doing a trial and error and I like what I see.
Leverage
This time my topic is about leverage.
As you know, the most important word in the business world is cash flow. RK explained this in his first four books: Rich Dad Poor Dad, Cash Flow Quadrant, Guide to Investing, and Rich Kid Smart Kid.
Now you made the right guess that leverage is the second most important word in the world of business. Other words I Know to describe the same idea are credit, liability, financial obligation, and borrowed money. They might not be technically accurate but I guess this is how common people understand the term.
Robert Kiyosaki’s fifth book, Retire Young Retire Rich is all about leverage. For him, the use of leverage distinguishes those who become rich from those who do not.
Debt as a Form of Leverage
There are many forms of leverage, says RK. Debt is one form. People who do not know anything about financial literacy think that all debt is bad. They do not know how to distinguish good debt from bad debt.
Yes, in the Bible, if we will follow what King Solomon said, we will conclude that all kinds are bad for he equated borrowing with slavery. "The borrower is a slave to the lender" (Proverbs 22:7). And I also wrote in my financial freedom article that debt is a form of slavery and it is very popular in our time.
However, we should also be reminded that there is a huge difference between the economics that we find in the Bible and the economics in modern times. Today, the entire global economy is operating based on debt or credit and if Kiyosaki is correct in his analysis, in this kind of system, the savers and those who stick to traditional finance are the losers and that is why you will find schools like ours that are rich in asset but extremely poor when it comes to liquidity. Most people are afraid of debt for they equate it with risk and possible loss of the collateral that they will use in financing their business or programs and services.
The problem is not the credit itself but the way nations, corporations, families, and individuals use it. We use something that we don’t understand. With financial literacy, you will learn to distinguish the difference between a bad debt and a good debt. Armed with such knowledge, Robert is confident in his claim that he is deep in good debt, which made him rich and financially free.
Three Important Forms of Leverage
In his fifth book, Kiyosaki discussed three important forms of leverage that people who want to retire young must learn to use. These are your mind, your plan, and your actions.
Your Mind
Let’s explore first the idea of using your mind as your leverage. I have been hearing a lot from @taskmaster4450 the same emphasis that what’s in between your two ears is your most important asset.
Now, how are you going to utilize your mind as an effective leverage? The most important tools to maximize the leverage of your mind are the words you use. Your life depends on the words you use. Your use of disempowering words will make your life poor and miserable. On the other hand, your use of empowering words will make your life rich and successful. Saying to yourself, “I can’t do that,” “I can’t blog,” “I don’t know how to do vlogging,” “Blockchain, cryptocurrency, and DeFi are risky,” or “I will not be successful,” and other similar words are examples of disempowering words. By saying words like these, you are using your mind against yourself. So you see, your mind could either be your most powerful asset or your biggest liability. Therefore, guard your thoughts and your words. They could either build or destroy your life.
Your Plan
The second form of leverage is your plan. In his third book, Kiyosaki explained that investing is a plan. Since investing is a plan, this implies that time is the most important element to succeed in your plan. There is no such thing as building a skyscraper in one day, but many embrace this idea in the crypto space with this mooning mindset.
While exploring this form of leverage, I find one disturbing observation. Most people do not see the importance of having a financial plan for their future.
When I was in South Korea, I observe that every weekend, many old people, hundreds of them, both men and women are lining up in front of one church just to receive 1,000 Korean Won, and then they will go to another church to do the same. I have no idea how many churches they visit doing the same thing but I observe such a phenomenon happening repeatedly every weekend during the four years of my stay in that country.
And then I asked why these old people arrive in such a helpless state. What happened during their younger years when they were still very productive?
And then I reflected. I told myself I don’t want to become like them. I don’t want to go on begging from one church to another just to provide food on my table in my old age.
In the Bible, aging is not considered something that you have outgrown your usefulness. It should be your most productive year. The peak of one’s life is not young age, but old age provided your inherent worth, influence, and reputation increase with the passing of years. And this can only happen if you have a plan.
Your Actions
The third form of leverage is your actions. Kiyosaki recommends that an appropriate action for those aspiring to retire young is to spend your time not working for money but applying the skill of putting money to work for you. In the context of cryptocurrency, this would mean putting tokens to work for you. In traditional finance, you can put money to work if you commit yourself for a considerable period to acquire assets like real estate, paper assets, and businesses. In the digital world, you can put tokens to work for you by growing your stakes for years in different ways such as buying them on the market, creating content, and engaging with other Hivers and lions.
I think that’s all I can say about leverage.
Grace and peace!
What is Hive
What is LeoFinance?
Note: This is the transcript I used in the 3Speak video where I talked about leverage.

https://3speak.tv/watch?v=rzc24-nftbbg/jpuaxcno

Leverage is the second most important word in the world of business. Other words I know to describe the same idea are credit, liability, financial obligation, and borrowed money. They might not be technically accurate but I guess this is how common people understand the term.

In this video, I just want to share three important forms of leverage that people who want to retire young must learn to use. These are your mind, your plan, and your actions.
Grace and peace! 3Speak

https://peakd.com/hive-167922/@rzc24-nftbbg/how-do-people-respond-when-they-need-money


[Source](https://openart.ai/create)
How do people respond when they need money?
Yes, prayer is given. But after prayer, what’s next? What is the appropriate action to address the need for money?
The Cashflow Quadrant
In his book Cashflow Quadrant, Robert Kiyosaki answers this question and informs us that people's response to the need for money depends on which quadrant an individual is coming from.
In his system, there are these four smaller squares within the bigger square that he calls the quadrant. Each small square represents a mindset, a character, a worldview, and a personal monetary operating system that determines one’s output. Let me give you an overview of these four quadrants.
E represents the employees. S is the quadrant of the self-employed, the specialists, and the owners of small businesses. B also represents business owners, but the primary difference from S is that the B business owners have a system to run their business whereas the S business owners want to be in control of running their businesses. Later, we will see the difference between these two. Finally, the I, represents the investors.
The Goal in Understanding the Cashflow Quadrant
The goal in understanding this quadrant is for you to identify which quadrant you belong and then if you aim to transfer the quadrant, you must possess the necessary mindset and attitude about money.
Before we proceed to the details of how people in each of these quadrants respond to their need for money, it is noteworthy to say right now, that for the E and S quadrants, their primary core value is one of security whereas the B and I aim for freedom.
The E Quadrant
If a person comes from the E quadrant, the quadrant of employees, the usual response when they need money is to look for another job or a job with higher pay. For an employee, the important things are job security, a higher salary, and other employment benefits. The difficulty in the E quadrant is that a job is just a short-term solution to a long-term problem. After productive years of employment, as time runs out and a person begins to age and realizes that he saves nothing for his retirement, then fear for his future starts to occupy his mind.
The S Quadrant
Second, a person coming from the S quadrant, the quadrant of specialists, self-employed, and owners of small businesses will respond to the need for money by doing their own thing ALONE. People in this quadrant want to take control of their situation on their own. The song “My Way” by Frank Sinatra is an appropriate theme song for them. The success of either their work or their business depends on their exceptional skill and physical presence. Once they leave their business to somebody else, problems begin to occur for none can do their task better than themselves. Robert Kiyosaki identifies that the S quadrant is the hardest of all for success in this quadrant would mean more time and more energy to spend. And that would also mean depriving your family of your time and physical presence.
The B Quadrant
Third, people from the B quadrant would respond to the need for money by either creating or buying a business system that will produce their cash with or without their physical presence. During the initial stage of the business, hard work is required. But as years pass by and the business becomes successful, freedom of time and money are the rewards that people in the B quadrant would enjoy. They can now freely use their time to have fun with their family, do the things they love, and serve humanity. Robert Kiyosaki claims that there are three types of business systems in the B quadrant. These are the traditional C-type corporation, franchising, and networking. In a C-type corporation, you develop your business system. In franchising, you buy an existing business system. In networking, you buy into and become part of an existing business system.
The I Quadrant
Lastly, people from the I quadrant, the quadrant of investors, respond to the need for money by looking for opportunities to invest in assets that produce money. Unlike in the first two quadrants where people work for money all their lives, people in the I quadrant have the skill to let money do the work for them. People investing their time to learn financial literacy will experience a discovery of entrepreneurial genius within them that will open their eyes to numerous opportunities almost everywhere, that ordinary people cannot see.
Transferring Quadrant
Transferring from the E and S quadrants to the B and I quadrants is not easy but the journey is worthwhile. Depending on the background, for some, the process would be easy but for many the journey is impossible. Kiyosaki describes the transfer as a kind of battle between who you are and who you want to become. It is internal strife within you seeking either security or freedom. He compares the transfer to “a drowning person beginning to fight for air, or a starving man who will eat anything to survive” (p.184).
It is true that the transfer is risky and that is why preparation is necessary. And the best preparation to transfer quadrant is through the study of financial literacy and financial technology including blockchain, cryptocurrency, and decentralized finance. As you view your life long-term, staying in the E and S is riskier than transferring to the B and I. The question is, when will you start your journey?
Hive and the B and I Quadrants
Revisiting this June 2011 article, I observe that there are some qualities in the B and I quadrants that you can find in Hive. If we see it this way, joining the Hive blockchain can be your first step in transferring from the E and S quadrants to the B and I.
I assume that many Hivers and Lions are now aware of the idea of Hive as a business. I think such a conviction is not wrong after all. Based on Robert Kiyosaki’s insights, we will find at least four things in the B and I quadrants that you can also find in Hive. And what are those?
One, work hard during the initial stage of building your Hive business and persevere after several years until you see your network and stakes grow, and that’s the time to reap your rewards.
Two, after several years of sowing, watering, and growing your Hive business, you will later enjoy your time and financial freedom. You can now freely use your time to have fun with your family, do the things you love, and serve humanity.
Three, on Hive there are so many micro opportunities where you can invest in digital assets such as the layer two tokens like $LEO, $CENT, $CTP, $SME, and others. For now, the return that these tokens give you is so small, but if you will keep doing these for years, provided that Hive will still be with us, this various layer two applications built on Hive will give you the cash that you need. In principle, the tokens working for you are no different from the idea of money working for you.
Finally, people investing their time to learn financial literacy and financial technology will have different mindsets and perspectives in life. Your eyes will be opened to diverse opportunities that the average person cannot see.
So, these are my bases for saying that if we will view Hive as a business, it is more proper to categorize it under the B and I quadrants. Yes, we know that nothing is certain in the world of financial technology such as cryptocurrency and decentralized finance. I wish I am not misled in having this hope. However, that’s my current view of Hive.
Grace and peace!
What is Hive
What is LeoFinance?
Note: This is the transcript I used in the 3Speak video where I talked about Hive and the Cashflow Quadrant.

[Watch on 3Speak](https://3speak.tv/watch?v=rzc24-nftbbg/wuhezfyu)

In this video, I talked about Hive and the Cashflow Quadrant. I observe that there are some qualities in the B and I quadrants that you can find in Hive. If we see it this way, joining the Hive blockchain can be your first step in transferring from the E and S quadrants to the B and I.

I assume that many Hivers and Lions are now aware of the idea of Hive as a business. I think such a conviction is not wrong after all. Based on Robert Kiyosaki’s insights, we will find at least four things in the B and I quadrants that you can also find in Hive. And what are those? 3Speak