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Topic: Knowledge is the New Gold (Read 794 times)

sr. member
Activity: 434
Merit: 265
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July 17, 2024, 05:42:28 AM
#95
Very well said OP. Knowledge is power and with that power we can solve many problems.
If someone is willing to pay you for solving those problems then you shouldn't mind charging them for it.
Besides that, we pay many people for their services and providing crypto solutions can be as good as a service.
This knowledge is available for free on the internet and if people don't want to do their due diligence then charging them for it isn't something wrong.
I agree with you. Knowledge is powerful and can help to solve many problems. If someone is thinking to pay for solving those problems so it is okay to charge. We pay people for their services whenever we need any help so helping with crypto is a service too. Just because some information is free online does not mean it is wrong to charge for it. If people do not want to do their own research that is okay. If they are thinking to pay for help that is fair trade.
Knowledge is important as money is, we can use our knowledge to get want we want and we can also use money to purchase what we want. But the both of them works hand in hand, people follows money and people also needs knowledge to use the money that they have if not the money won't stay long.
Crypto currency is not like fiat and one needs knowledge and money to own it, without money one can't buy Bitcoin unless he works and gets paid with Bitcoin and the person also needs knowledge to secure the Bitcoin that he's holding because that Bitcoin has a lot of potential to add more value in time coming. If the person doesn't have knowledge about Bitcoin he will sell it and use the money to do something else.
sr. member
Activity: 350
Merit: 265
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July 16, 2024, 08:00:13 PM
#94
Very well said OP. Knowledge is power and with that power we can solve many problems.
If someone is willing to pay you for solving those problems then you shouldn't mind charging them for it.
Besides that, we pay many people for their services and providing crypto solutions can be as good as a service.
This knowledge is available for free on the internet and if people don't want to do their due diligence then charging them for it isn't something wrong.
I agree with you. Knowledge is powerful and can help to solve many problems. If someone is thinking to pay for solving those problems so it is okay to charge. We pay people for their services whenever we need any help so helping with crypto is a service too. Just because some information is free online does not mean it is wrong to charge for it. If people do not want to do their own research that is okay. If they are thinking to pay for help that is fair trade.
full member
Activity: 560
Merit: 100
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July 16, 2024, 02:23:28 PM
#93
Knowledge is more than gold, because if you have gold you can not have everything but with knowledge you have everything.it will give you wealth even gold good health and a good life.cause knowledge gives you the wisdom to invest to take good decisions but if you lack knowledge you can not achieve things even gold it self will be far from you.so I agree knowledge is gold but is still more than gold.even the bible says my people perish because of lack of knowledge.so without knowledge you are perished.
Gold and knowledge, I would kindly preferred both because they're important for our existence. This world is a cruel one and the earlier we realized to accumulate the necessary points for ourselves and not entangled or get mixed up with the system. Knowledge is power and can be easily noticeable for those individuals that have stand firm and ready to outrun the big phase.
hero member
Activity: 2702
Merit: 716
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July 16, 2024, 12:59:59 AM
#92
Very well said OP. Knowledge is power and with that power we can solve many problems.
If someone is willing to pay you for solving those problems then you shouldn't mind charging them for it.
Besides that, we pay many people for their services and providing crypto solutions can be as good as a service.
This knowledge is available for free on the internet and if people don't want to do their due diligence then charging them for it isn't something wrong.
jr. member
Activity: 43
Merit: 5
July 14, 2024, 12:11:23 AM
#91
Ignorance can be deadly, and in this century, it's no excuse. We see people get scammed because they lack prior knowledge of the tricks scammers use. If they were informed, they wouldn't fall for it. Knowledge is power, just like in ancient times when GPS wasn't available. Whoever held the map or compass and knew how to read it led the way.

Knowledge helps to build authority, boosts confidence, eliminates low self-esteem, and prevents belittlement. When you possess knowledge, you become the privileged one. Indeed, knowledge is gold to those who hold it.

We can acquire knowledge by studying, staying up-to-date, and asking questions when we're unsure, instead of keeping quiet due to fear of appearing dull or feeling ashamed.
jr. member
Activity: 61
Merit: 7
July 11, 2024, 07:53:50 PM
#90
Knowledge is more than gold, because if you have gold you can not have everything but with knowledge you have everything.it will give you wealth even gold good health and a good life.cause knowledge gives you the wisdom to invest to take good decisions but if you lack knowledge you can not achieve things even gold it self will be far from you.so I agree knowledge is gold but is still more than gold.even the bible says my people perish because of lack of knowledge.so without knowledge you are perished.
jr. member
Activity: 98
Merit: 6
July 06, 2024, 10:14:54 PM
#89
Knowledge is the best thing one can ever acquire in life,we should all try to spare our times and try to read more about the things we don't know because what we don't know are there to always stand as a stumbling  block to our success. It is knowledge that makes us move from one level to the other because where there is no knowledge,it seems you are walking in darkness and so on,so to attain the new gold,we must seek knowledge and understanding because it is the principal thing.
member
Activity: 364
Merit: 33
July 03, 2024, 08:34:49 AM
#88
Knowledge comes from learning which they said that learning never ends, and shouldn't be compared to gold, the importance of knowledge can not be overemphasize, it requires knowledge to make a good plans in life, knowledge gives the courage to venture in to the unknown out if curiosity., It gives boldness, authority power, and good direction.

Knowledge of course comes from learning but here it basically means that knowledge is as valuable as gold. Just as we value gold a lot, so a wise man is compared to gold, which is preferred by all. Knowledge is the companion of a human being at any stage human needs knowledge so knowledge is the most important thing. With knowledge you can plan both good and bad, so the value of knowledge in our life is immense, for which people have compared knowledge to gold.
full member
Activity: 727
Merit: 146
July 02, 2024, 03:26:42 PM
#87
Something interesting happened over the weekend and I think it’s worth sharing. A friend of mine reached out to me that he was having some problems with his Trust wallet. According to him, he received some bitcoins days ago through his trust wallet address and even though the transaction was confirmed on the blockchain, the bitcoins did not reflect on his wallet balance so there was no way he could move the bitcoins. I suggested he download Electrum and import his seed phrase to Electrum. He told me that wouldn’t be a problem since he had his seed phrase saved as a photo in his phone. This took me by surprise because he isn’t a newbie to Bitcoin. He’s been a p2p trader for about three years and still did not know the danger of saving one’s seed phrase online. I explained to him the consequences of storing his seed phrase online and advised him not to use that wallet anymore. His only defense was that Trust wallet allowed him to screenshot his keys so it shouldn’t be that bad.

Anyway, he successfully imported his seed phrase to Electrum and was able to move his bitcoins with less fee. What’s fascinating about the story is this. I got a text from him this morning that someone has a similar problem with his wallet and he needs my guidance once again to help this person. He then told he charged 30% of the bitcoins as his fee. I laughed because I thought he was joking. But he wasn’t. He’s actually thinking of making a business out of this. Turns out that people will pay for things they can do by themselves if they had the right knowledge.  

I don't understand why a  crypto enthusiast with up to three year of experience would still make such mistake of taking screenshot of his seed phrase. Could it be that he learnt and unlearned the basics? The basic of cryptocurrency is one of the most essential knowledge that we must have as crypto enthusiasts because every other knowledge should agree with the basic knowledge, and becoming that careless with his seed phrase either means he must have skipped some basic knowledge or its a choice for him to have ignored that and take full risk.
Most people are just too adamant to follow proper measures until they become victims of a severe scam and lose their funds until then will they take corrections. Risk like this are not worth it but definitely his going to bear the full risk and self blame if something is to happen. Funny how you didn't charge him but getting to his own time of helping someone he is now charging for it, knowledge rules.
member
Activity: 66
Merit: 17
July 02, 2024, 01:48:16 PM
#86
Something interesting happened over the weekend and I think it’s worth sharing. A friend of mine reached out to me that he was having some problems with his Trust wallet. According to him, he received some bitcoins days ago through his trust wallet address and even though the transaction was confirmed on the blockchain, the bitcoins did not reflect on his wallet balance so there was no way he could move the bitcoins. I suggested he download Electrum and import his seed phrase to Electrum. He told me that wouldn’t be a problem since he had his seed phrase saved as a photo in his phone. This took me by surprise because he isn’t a newbie to Bitcoin. He’s been a p2p trader for about three years and still did not know the danger of saving one’s seed phrase online. I explained to him the consequences of storing his seed phrase online and advised him not to use that wallet anymore. His only defense was that Trust wallet allowed him to screenshot his keys so it shouldn’t be that bad.

Anyway, he successfully imported his seed phrase to Electrum and was able to move his bitcoins with less fee. What’s fascinating about the story is this. I got a text from him this morning that someone has a similar problem with his wallet and he needs my guidance once again to help this person. He then told he charged 30% of the bitcoins as his fee. I laughed because I thought he was joking. But he wasn’t. He’s actually thinking of making a business out of this. Turns out that people will pay for things they can do by themselves if they had the right knowledge. 

I don't understand why a  crypto enthusiast with up to three year of experience would still make such mistake of taking screenshot of his seed phrase. Could it be that he learnt and unlearned the basics? The basic of cryptocurrency is one of the most essential knowledge that we must have as crypto enthusiasts because every other knowledge should agree with the basic knowledge, and becoming that careless with his seed phrase either means he must have skipped some basic knowledge or its a choice for him to have ignored that and take full risk.
member
Activity: 215
Merit: 24
July 02, 2024, 12:50:22 PM
#85
If knowledge is to be qualified a gold, then it is not new, because there nothing to be compared with it. Knowledge has been a corner stone since human existence...
Since the Stone Age, humans have used knowledge to survive, so as long as humans exist, knowledge is a very important tool for humans to survive, including in the world of bitcoin and crypto

Knowledge is power. Just imagine the confidence your friend has to charge on that regard.
knowledge without courage is empty and vice versa, but OP's friend has proven how important knowledge in bitcoin and crypto

Oyess op's friend was so courageous to charge because of the knowledge he has
full member
Activity: 203
Merit: 106
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June 28, 2024, 03:28:08 AM
#84
It is more than gold, much more than that because you can not earn more gold but if you can learn, you can get more knowledge which will help you to earn more money from your jobs, business and you can use it to purchase more gold.
Knowledge is the one way you get to place value we’re value really belongs. How do you get to value gold if you don’t know it is a gold. To just anyone, gold is just one piece of shiny rock but, it takes knowledge to tell you what that is and why it’s so pricy, also develops a method to check/verify.

Knowledge have led people to do unspeakable things to themselves because they didn’t know any better and have somebody tell them. It could be a very dangerous weapon in the minds of the wrong person.
Knowledge got the world this far and it’s been the gear that moves the world since, how can you not have it or strive to have it.

That’s why, there is no sense in one having to assume to know all or know so much to be enough. It’s never enough with knowledge and learning, there is always room for improvement and updating an information after it’s gone through certain steps to be regarded as a theory or fact until disputed.
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
June 27, 2024, 11:28:20 PM
#83
Knowledge comes from learning which they said that learning never ends, and shouldn't be compared to gold, the importance of knowledge can not be overemphasize, it requires knowledge to make a good plans in life, knowledge gives the courage to venture in to the unknown out if curiosity., It gives boldness, authority power, and good direction.
It is more than gold, much more than that because you can not earn more gold but if you can learn, you can get more knowledge which will help you to earn more money from your jobs, business and you can use it to purchase more gold.

The simple progress example is to prove that knowledge is key to success in life. You can get knowledge from official educational places like colleges, universities but you can gain it officially from online resources, free courses which are existing more than ever before. The Internet growth gives us a best chance ever to learn free, and if we want to learn, we can do it even we don't have money to go to schools, colleges, universities.

An example about Bitcoin, you can learn it free with https://learnmeabitcoin.com/
member
Activity: 89
Merit: 17
June 27, 2024, 10:59:03 PM
#82
Knowledge comes from learning which they said that learning never ends, and shouldn't be compared to gold, the importance of knowledge can not be overemphasize, it requires knowledge to make a good plans in life, knowledge gives the courage to venture in to the unknown out if curiosity., It gives boldness, authority power, and good direction.
full member
Activity: 2240
Merit: 187
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June 24, 2024, 10:26:38 PM
#81
Quote from: CoinMin3r
I want to say knowledge is a powerful tool that can dig/earn gold & not the gold itself. Its a intellectual asset. And once one learn that knowledge that can't be lost/theft like physical gold and remain with him forever. So one can keep digging sea of gold with his knowledge power.

It will be profitable if everyone can have the knowledge before taking any decisions in life, because once you have the knowledge of cryptocurrency and other things, I think it will be easy for anyone to achieve what him or her want to achieve in life. When other Carry power and position without knowledge, it will not make such people to succeed long in that power and position, but if they decide to apply knowledge to power and position, then you will begin to see such people making progress in anything they are doing in that particular environment. Yes, if that knowledge is there , you can turn to a millionaire if you continue applying the knowledge to purchase Bitcoin in the bearish season and trade in the bullish season, you can achieve massive income.
full member
Activity: 644
Merit: 202
June 24, 2024, 03:53:06 PM
#80
I want to say knowledge is a powerful tool that can dig/earn gold & not the gold itself. Its a intellectual asset. And once one learn that knowledge that can't be lost/theft like physical gold and remain with him forever. So one can keep digging sea of gold with his knowledge power.
Seeking knowledge is one of the most important aspects in the crypto world, especially when it comes to storing assets in a wallet. So the pursuit of knowledge should become our habit as this will give us knowledge about the crypto world and enable us to achieve success in the crypto world. Knowledge also allows us to gain more information about the crypto world so that we can get involved in the crypto community or even help overcome challenges when we invest or trade.

Moreover, the importance of knowledge in this very complicated world of crypto can completely change the way we trade, making us productive traders. Knowledge is power and knowledge allows us to analyze what is in front of us so that we do not make the wrong decisions in trading and when choosing a crypto wallet.

I also agree with you, knowledge is an intellectual asset, because knowledge will never be lost and with knowledge we can dig deeper into the world of crypto so that we can minimize losses and be consistent in seeking profits.
sr. member
Activity: 434
Merit: 350
June 23, 2024, 09:16:17 PM
#79
Many people out there still don't know the danger of keeping their asset in exchange,  even people that have been into crypto for a very longtime arr very comfortable in keeping bitcoin in exchange.  I'm so glad for the forum, if not here I'll also think that every wallet is the same and I won't know the risk of just dealing with exchange wallet.  Honestly is a gold, because when you have knowledge it will only bring more value to you.
Many people even those who have used crypto for long time do not know risks of keeping their crypto on exchanges. I am also thankful for this forum which taught me that not all wallets are safe because I read many threads about this. If I did not learn this I would have thought all wallets were the same and put my crypto at risk. Learning is very valuable because it helps us make good choices and keeps our assets safe I am still in learning phase and this will never ens. It is important to understand how to keep our crypto safe and take control of our digital assets. Because we are listening many news about hacking day by day. So we should keep safe our assets.
It is our responsibility to protect our resources. You have to choose how you protect your assets ie how you keep your cryptos safe in your crypto wallet is your responsibility.

Yes like you I read a lot in this thread about people losing access to their wallets due to hacking. Basically they are failing to keep their wallet seed phrase in a proper safe place due to which people's wallets are getting stolen or hacked. Many people also want to memorize their wallet seeds without writing them down properly which I have seen here. Maybe it can be one of the biggest mistakes because we can never memorize them we can forget them anytime which can cause danger for us later.

One thing we should always remember about the security of our wallets is that Not your Key Not your Coin.
hero member
Activity: 938
Merit: 765
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June 23, 2024, 08:50:35 PM
#78
Many people out there still don't know the danger of keeping their asset in exchange,  even people that have been into crypto for a very longtime arr very comfortable in keeping bitcoin in exchange.  I'm so glad for the forum, if not here I'll also think that every wallet is the same and I won't know the risk of just dealing with exchange wallet.  Honestly is a gold, because when you have knowledge it will only bring more value to you.
Many people even those who have used crypto for long time do not know risks of keeping their crypto on exchanges. I am also thankful for this forum which taught me that not all wallets are safe because I read many threads about this. If I did not learn this I would have thought all wallets were the same and put my crypto at risk. Learning is very valuable because it helps us make good choices and keeps our assets safe I am still in learning phase and this will never ens. It is important to understand how to keep our crypto safe and take control of our digital assets. Because we are listening many news about hacking day by day. So we should keep safe our assets.
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
June 22, 2024, 10:26:57 PM
#77
Many people out there still don't know the danger of keeping their asset in exchange,  even people that have been into crypto for a very longtime arr very comfortable in keeping bitcoin in exchange.  I'm so glad for the forum, if not here I'll also think that every wallet is the same and I won't know the risk of just dealing with exchange wallet.  Honestly is a gold, because when you have knowledge it will only bring more value to you.
They can be taught about that risk but they ignored it and use centralized exchange accounts as their personal wallets. These accounts can be used to store their bitcoin or cryptocurrency but it is not safe. They are not given wallet seed phrase or private keys and they don't have control of their cryptocurrency.

Will their money be safely or lost, it depends on security and trust of that centralized exchange. They as users don't control on any business operation of a centralized exchange.

Reminder: do not keep your money in online accounts
Exchange graveyard
Hacked exchanges since 2011
full member
Activity: 1680
Merit: 169
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June 22, 2024, 06:57:40 PM
#76
If knowledge is to be qualified a gold, then it is not new, because there nothing to be compared with it. Knowledge has been a corner stone since human existence...
Since the Stone Age, humans have used knowledge to survive, so as long as humans exist, knowledge is a very important tool for humans to survive, including in the world of bitcoin and crypto

Knowledge is power. Just imagine the confidence your friend has to charge on that regard.
knowledge without courage is empty and vice versa, but OP's friend has proven how important knowledge in bitcoin and crypto
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