Is It Even Employment Or Employment Independence? The Future Of Work
I specifically used the term “employment” in the title of this article to attract the attention of the current global workforce. However, a more accurate description would actually be income independence. Readers need to be made aware of the opportunity that crypto now offers. An opportunity that has the potential to replace a standard nine-to-five working career. Let’s look at why this is actually such an attractive opportunity and why crypto OGs have opted to live a crypto-powered life.
Most people dream about working for themselves or even generating a full-time passive income. The attraction is fairly obvious: one no longer needs to report to a boss, be hassled by the poor performance of other colleagues, or experience a multitude of other drawbacks. However, the most attractive aspect is the freedom! Being able to get your work done on your own schedule is very beneficial. An emergency or meeting up with a friend or family member can take precedence, as you can shift your workload to another time of day.
Ultimately, it creates freedom, and a wage or salary ceiling does not limit one’s efforts. For example, in most cases, no matter how hard you work, your salary will be the same each month. You may, in fact, contribute twice as much to the company as a lazy employee and still receive the same salary as the unproductive employee. If you are honest with yourself, you might see where I am going with this. Work or productivity generated in exchange for payment is what we all agree on when taking on a job or new position. However, what happens when that work exceeds the scope of the agreement without an increase in payment?
Smart Slavery: How Modern Systems Shape Work And Income
Often, workers are exploited when new responsibilities are added to their workload without a pay raise. Furthermore, employees are often expected to produce outside of their agreed working hours due to “emergencies” and the like. This is a form of modern-day slavery and often goes unnoticed because it is the status quo. On the contrary, working for yourself ensures that your work is rewarded, as there is no limit to your earning capacity.
If you succeed at whatever you are putting your hand to, you receive the reward. Alternatively, if you succeed in the workplace, your boss or company enjoys the rewards, while you receive the same salary as the unproductive employee. It seems quite obvious where you should be aiming, and yet the majority opt for the illusion of safety in a job. In the same way, because earnings are uncapped in an entrepreneurial venture, they are not guaranteed, which proves to be too much for some.
Why Traditional Employment Feels Like An Illusion In The Modern Economy
This fear and illusion keep them in this position, never willing to venture out beyond the safety net they place so much trust in. This idea of safety is very much an illusion, as many can confirm. How many jobs were lost due to COVID? How many went on to lose jobs due to mandates and other restrictive measures?
There is no security in a job; everyone is disposable! It is harsh realizations like this that trigger change. Satoshi created Bitcoin after having an epiphany of how corruptible fiat money really is. People seek better ways to get things done, and many have found them in the crypto world.
Why Risk For OGs Is Far Less In Crypto And Early Markets
When you consider that early adopters have generally made significant gains, it becomes clear that some do not need to work. Others have a significant nest egg to cushion them until they design and establish their own unique system/business and daily crypto routine. The risk is lower, making it easier for them to abandon the status quo and begin generating independent income.
What About The Side Hustlers In The Digital And Crypto Economy?
Alternatively, many choose to hustle, working 15 to 18 hours a day as they juggle their day job while creating something meaningful in the crypto space. The wealth of opportunities is literally mind-numbing and makes it so rational to persevere once understood. The masses are mostly unaware because, to them, the only way to make money in crypto is when prices take off. This is one of the greatest misconceptions that continues to fuel the “Ponzi” and “gambling” narrative, so prevalent in mainstream society.
Why DePIN Is An Important Chapter In Financial And Income Independence
The arrival of DePIN has heralded a new chapter in income independence, especially since it’s largely passive. Furthermore, it’s a model that can be scaled and become a meaningful side income or even a full-time income in certain instances. This is even possible with free applications. However, running a handful of nodes for projects such as Grass, Kaisar Network, or Teneo isn’t enough.
This can produce a decent airdrop from time to time. However, true scalability comes from applying two simple approaches:
- Running as many nodes as possible
- Building a large referral network
Participants who achieve this goal efficiently often earn tens of thousands of dollars per year. It’s a model that is perfectly suited to passive income. To find out more about the DePIN space, I suggest reading the following articles:
- What Is DePIN? Decentralized Physical Infrastructure Networks Explained (Simple Guide)
- How DePIN Connects Blockchain To Real-World Infrastructure (Simple Explanation)
The Web2 Equivalent Of DePIN Explained Simply
Many DePIN protocols are AI-based and often focused on bandwidth sharing. Some might be unaware that this is not an entirely new concept. Projects such as Honeygain have been paying users for their unused internet for years. Much like DePIN opportunities, these online earning apps require the downloading of software that runs in the background while your PC or device is on.
Users earn passive income and can also build large referral bases, ultimately earning even more. At scale, this can become a meaningful source of passive income. I recently read an article about an individual who earned well over $16K, largely due to his referral base. This is a significant additional source of income, by any standard. If you are interested in this idea, check out this article!
Conclusion
DeFi, Play2Earn, metaverse, NFTs, and countless other opportunities within the crypto world are waiting for the knowledgeable to take advantage of and begin earning income. In many cases, the income is passive, and the growth is way more significant than many are accustomed to. Those who have begun a journey in the world of crypto can attest to the tremendous opportunity at hand.
Crypto is creating financial independence, as an entirely new economy seeks to create an entirely new “workforce”. Establishing even a side hustle within the crypto space can be something that will add tremendous value to your financial life in the years to come. This is my personal opinion and not necessarily how the future will unfold. However, predictions are based on current facts, data, and the way developments are unfolding.
Subscribe For Free & Never Miss A Crypto Update
If you enjoyed this article, consider subscribing for free to receive the latest insights on crypto, DePIN, Web3, passive income, and digital assets. With more than a decade of experience in the cryptocurrency industry, I share in-depth research, market analysis, and practical guides designed to help you navigate this rapidly evolving space.
Search The Site & Discover More Crypto Guides
Looking for something specific? Use the search box below to explore hundreds of in-depth articles covering Bitcoin, altcoins, DePIN, DeFi, wallets, exchanges, passive income, trading psychology, and the latest developments shaping the future of crypto and Web3.
