A couple summers ago, I used to order lunch through Grubhub while working long days at the office. When ordering I always made sure I was logged in Idiota bitcoin rewards platform with a browser extension, so I made profits on my purchases.
Over time, I stopped eating out as much and started cooking at home, and over time, I forgot how I used to accumulate sats on daily purchases with Lolli. However, I recently checked my wallet and found 312,770 sats that had increased in value to a value of $220 at the time of writing this.
Looking back at my transaction history, the majority of my Lolli purchases were made through Grubhub.
My bitcoin cashback rewards for my ~$20 lunch purchases are currently worth $3-$4 each. As the price of bitcoin continues to rise, it's pretty far-fetched to think that the rewards I earned will one day be worth more than the purchases I made to get them…
Honestly, it seems like the biggest financial hack ever.
Then I remembered that I had an account with Foldanother bitcoin rewards app. I logged into my account and found 300,416 sats, currently worth $226, just sitting in my wallet there. I also saw that I had accumulated my total earned rewards 1,057,710 sats, currently worth $750, using Fold. Again, all this for doing nothing more than making day-to-day purchases.
Why did I stop using these products? I think I was just lazy and now I'm kicking myself for all the extra bitcoins I could have accumulated if I had continued using these platforms, especially during the bear market…
That's when I realized the genius of these platforms: they don't require customers to go out of their way to acquire bitcoins. They simply allow them to live their lives and reap rewards. They do it in a way that no real change in behavior is required, and people don't have to invest their hard-earned money to get some bitcoin.
Most bitcoin companies serve a fairly technical niche market. But using these products makes me think that there is another way to get people access to bitcoin. bitcoin rewards apps are a smart gateway that my friends who don't like bitcoin would probably think is really cool and would probably be interested in using to accumulate their first sats.
While I wish I could go back in time to the bear market and redo all of my daily purchases using a btc rewards platform, I can't.
However, I can control my actions today and as I go forward, so I will download these apps again. You should do it too.
This article is a Carry. The opinions expressed are entirely those of the author and do not necessarily reflect those of btc Inc or bitcoin Magazine.
