We Lead, Markets Follow


Initially, I had thought TagCoin was something along the lines of the children’s game, where we tag each other as we run around. It turns out this is built mainly for the Philippines market, providing electronic payments and rewards. TagCoin is derived from the national language, Tagalog. Relatively, this is an old cryptocurrency. I consider more than three years in the cryptosphere as very mature. Let’s take a look at a random cryptocurrency –
TagCoin (TAG).

TAG is the cryptocurrency that is being used on Tagcash. TagCash is an electric payment system, and has the ability to create rewards, i.e. TAG through proof of stake. Creation of proof of stake blocks reward at 5% yearly, but must stake coins for 30 days prior to gaining interest. Also, TAG allows mining capabilities.

By using the blockchain as the basis of the platform for payment systems, the ability to transact into pesos,
the local currency is advantageous. Usage is highly localized, and it may not be pragmatic for Tagcash to migrate to other currencies besides pesos. With the details of the blockchain is hidden, users do not have to understand how it works, but simply use it like any other electronic payment.

Here are some stats on TAG (as of 6/8/17)
TAG is based on Scrypt cryptography, PoW and PoS hybrid
TAG was started in November of 2013
ICO None was conducted
TAG in circulation - 5.5 million
TAG total supply - unknown
TAG premined - None
TAG market cap of TAG in circulation (@$0.19) - $1.045 million
TAG to reduce PoW coin rewards by 1% every 3 months, until minimum of 3 coins is reached
TAG supported by btc38 exchange

Interesting Notes

This is one of the older cryptocurrencies that we have seen which still exists today.

It initially followed the path of Bitcoin prices in 2014. It spiked above $3 USD per TAG as Bitcoin prices spiked. Then it was a period of long three years of minimal price movements until volume of trading has spiked up the price and market cap.

Because this was really early, it missed out on recent money-grabbing of new cryptocurrencies launching ICOs. It was not even premined, so the system was relatively fair for miners and stake-holders.

It seems like it is only traded on, and can be bought with the Chinese Yuan.


This article covers a token or element in the cryptosphere. The cryptosphere is new and exciting, but changes rapidly and often in ways that do not benefit users. By the time this article is published, changes may have already occurred. Most tokens in the cryptosphere are complete scams that are get-rich-quick-schemes for insiders. Often, we cannot know this beforehand and only later discover this. A person should only trade with money that they’re willing to lose because losses are guaranteed. If you choose to participate in purchasing a token in the cryptosphere, you should do so with the full expectation of a loss and you should also expect it to change in a manner that does not benefit you. There are very few good ideas in the cryptosphere. Finally, by reading this post, you agree that you’ve read our disclosure.

Recently, I have been selling some stuff that has been collecting dust. I have been using phone apps that sell directly to other local buyers and sellers. It has been fairly successful using the app because of the direct communication and ease of use. I highly recommend using these phone apps to sell some stuff you don’t need. Instead of throwing it out into a landfill or donating it, try to sell and make some pocket change. It will take a little bit of effort, but is very satisfying that it has gone to someone who will value it and use it.

Pricing is Important

The world is revolved around people selling stuff and people buying stuff. Stuff is denominated in currency, and marked by price. Every year in the U.S., the day after Thanksgiving holiday is marked by excessive buying of consumer goods. Stuff that people really don’t need, and the need to buy things for others due to a sense of obligation, guilt, or tradition. This is also the time when one will see deep discounts from retailers and manufacturers, as they try to prime their revenues for a big Q4. Shoppers anticipate these deals, and they also buy because of the perceived value.

People will buy a product because of the perceived value. They will buy a more expensive computer, because of the perceived value in the performance of either the CPU, the graphics card, memory, hard-drive, or screen resolution. When two identical objects are priced differently, studies have shown that people prefer to choose the more expensive item. The perceived value of a more expensive item is higher!

Three Strategies for Pricing Your Items

  1. Do your research first. I generally tend to do a quick search online to determine what I am selling is worth any value. One may decide that it is only a couple of bucks and it is not worth the time to sell. However, you may consider try grouping some items, to aggregate them to a higher price. Like a set of different hand tools. This will give one the range of pricing that will be the starting point. Even small items can be worth a lot. There is a small figurine of a defunct web application that I had gotten for free. I thought would be worth maybe $5 USD. However, after looking online, it turns out to a be a collectible. Surprisingly, some are being sold on eBay for more than $200 USD. There can be some hidden gems hidden, so it is best to do a quick check.
  2. Have a higher offer price than the selling price. Usually, it is said that the one who says the price first actually loses. Since these apps require a price to be entered, it is always at a disadvantage for the seller. However, one can determine two prices. Price that they are willing to sell at, and the offer price. The offer price will be higher than the selling price. This will become the starting point of the negotiation. It is interesting that majority of other cultures outside the U.S. that finds it acceptable to haggle in price. Most would not try to negotiate in price, especially in retail stores. When selling your items, one should expect people to offer to buy at a lower price. If they actually do commit to my offer price, great! Now, I have sold the product for more money than I was willing to sell. No need to negotiate further. Agreed and done.
  3. Price the item higher than what you think it should sell. Our perception of value is different than others. There may be some sellers who think the item is more valuable that what is worth, e.g. some cryptocurrencies or “shamcoins”. If you want to sell it quickly, consider lowering it below the prices researched. Otherwise, the offer price should be always a bit higher than your perceived value of the item. One can always lower the price of the item to sell. Rarely, one can raise the price after the buyer has been found.

I hope this helps you to maximize your profits. Happy selling!

What do we think were the hottest topics of the week? What were the most interesting topics? What have you missed on FinTekNeeks in the past? Every Friday, we review some of the stories that we find interesting, which may or may not be related to finance. In addition, we feature some of our past content that you may have missed. Finally, we preview our podcast for the week. Always remember, the early bird gets the worm – not every podcast is available indefinitely.

Articles and Videos

Poor security cost $8,000. This is part of the reason why I called the course The Millionaire Guide To Digital Security. The millionaires of the future will be the people who actually apply security the best, not the ones with the strongest returns. A 10,000% return becomes a 0% return after a hack, and if a person doesn’t learn – like the author – it’s only a matter of time before it happens again.

Neither China nor Russia will report gold from this company on their balance sheet, but there will be plenty of gold. Russia is one of the richest countries with gold and has yet to tap several of its major mines. Russia continues to be one of the greatest value plays, and as China invests more capital, it strengthens their alliance.

While I will not highlight the news yet, had you read Austin Playboys (it’s no longer online) and FinTekNeeks, you would have known a key piece of information before anyone else that’s currently “shocking the experts.” We predicted this ahead of time and we suspect that no one listened, even though it caught many of these “experts” off guard. Winners read FinTekNeeks. I will write a special report on this reviewing my predictions (all true), what mainstream media are now admitting (they were very wrong), and what investors can do. Once again, I was two years ahead of the market and watching hedge funds capitulate to me again feels wonderful.

25 years ago, there was a phenomenon. He is from Texas. His name is Ross Perot. Take a look at the presidential debates where Mr. Perot who brings up debt issues.

Weekly Podcast

In podcast 13, we cover what commodity is currently misleading investors and what is offering a possible value play? Did the bitcoin community discover a top signal?  And what’s the best bitcoin play right now? Finally, we look at 2 dangerous security actions of most people in the cryptosphere and why these actions may result in a loss of everything. Podcast 14 will be a special on the coming disaster of Basic Income and How You Can Protect Yourself – it will be much more expensive than most podcasts.

Blast From the Past

In 4 destructive financial behaviors, I look at a few patterns that will always result in the loss of money. Money without character is fraud, so “retaining money” if it doesn’t represent character will eventually be worth nothing. Look no further than Brazil and Zimbabwe in the last century to see this in action. Money without character is fraud.

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Posts This Week on FinTekNeeks

Gold Joins the Cryptosphere

Is Digital Money Safe

What Does Owens-Illinois Make

3 Minimalist Hacks For Extending Experiences

All images courtesy Pixabay.

Suppose that we suddenly face a limit we didn’t anticipate on an experience we’re in the middle of enjoying. In this article we look at minimalism from the view of external limitations (time, resources, circumstances), self-imposed limitation (frugality), or a combination of both. We may not be able to control the limitations imposed on us, while in other situations, we may impose limitations. Our power to extend an experience increases our discipline, resources and time. Life becomes long when you can take an hour of joy and turn it into one-hundred hours of joy.

Use Your Senses

It’s finals week and we have several major projects due. We were ahead of schedule until our professor surprised the class with a last minute change to our biggest project of the week. Because we had thought ahead before finals week, we had free time and made plans with our significant other. Now, we’ll have little, if any, free time.

We have a couple of options that we could use, one of which is just rescheduling our plans. Still, life will always throw surprises at us, and rescheduling to “fit life” may set a habit that we later regret. I’ve seen many people who unintentionally built this habit over time and began losing important people in their life – they kept letting life’s surprises derail moments with special people in their life.

Since we face time limits, we can use the minimalist approach to our time by making the best use of it. Since we have little free time, we can do the following or a derivative of the following:

  1. Use our plans, even if they’re shorter, as something to look forward to. The brain sometimes can’t differentiate between expectation of an event and an event (see research on dopamine, vacations and the expectation of a vacation).
  2. Do an activity that engages all five senses. The creates memories and lengthens time. In addition, we experience the world through senses, yet popular activities (dinner and a movie) engage very few of the senses.
  3. Take one or more sensory reminders of our experience and experience them as we complete the rest of our work for finals week.

This can be applied with other limitations too: for instance, suppose you have a busy year where you can only take a 3 day vacation. You can use the above steps to extend the experience of your short vacation.

Reflect Over the Experience

Sometimes we may be able to consider an experience before trying it, but this option is not always available for us and reflection after the experience can be as valuable as reflection before the experience. The purpose of reflection is to take an honest assessment of the experience and its value. If watching a movie provides no value to us at all after we reflect on it, we cannot extend something which has no value. For instance, I find fiction completely boring and it has no value in my life at all. I would much rather do pull-ups to the point of failure than read fiction because even though pull-ups are painful, they add value to my life; fiction is completely wasteful in my view. You may feel differently and we only know these things when we reflect over their value.

Minimalists like to ask the following questions when considering something:

  1. Does this increase my time? For instance, a 3D printer in some situations significantly increases time.
  2. Does this increase the value of something?
  3. Does this add complexity to my life? Complexity will always require more work to manage. A home is a great example here, as people spend many hours a week managing and maintaining their home (or spending money for others to do so).
  4. Does the return of the output from this exceed the weight of the input? Corporate America is a great example here – every meeting fails using this measurement, as the input in time, money and discussion is high with little to no output.

Just like I could never extend the value of fiction, because it’s meaningless to me, you may not be able to extend some experiences because they’re meaningless to you.

The pleasure or reward chemical dopamine from Wikipedia.

Avoid the Dopamine Trap

Dopamine is the pleasure or reward chemical that receptors respond to and enrich our experiences; without dopamine, existence would be depressing. If you remember the old advertisement – “This is your brain on drugs” – some of this came from research on how some drugs interact with the brain, dopamine and dopamine receptors.

To see this in reverse, meth may be one of the most dangerous drugs that exist due to its affect on dopamine and the human brain. Meth addicts over time blow out their dopamine receptors, or their ability to sense or enjoy pleasure. In the beginning, the high feels good, but in time they can’t experience more because their dopamine receptors lose sensitivity to the chemical. The result is that they increase the use of their drug, but the cycle continues – the more of an increase, the more they increase their inability to experience pleasure. Soon, small pleasures completely lose meaning.

I can think of nothing more depressing than a small joy, like a kiss, a sunset, or a person’s smile having no meaning. Yet, this is exactly what happens to meth addicts over time.

This occurs because people have a maximalist approach to pleasure without understanding what pleasure is and how the brain experiences it. Too much of anything will desensitize us to it. The irony of a minimalist approach to pleasure is that it actually maximizes pleasure by increasing sensitivity to pleasure. We can avoid the dopamine trap by taking the following actions:

  1. Pleasure is not vision. Vision should be our meal. Pleasure should be our spice.
  2. Offset pleasure with its opposite that increases value in our life. A good example of this would be to do something that requires discipline to do (the virtue beyond despair). A bad example of this would be inflicting pain for the sake of it, even though it provides no value. If we stab ourselves in the knee for no reason, that’s useless. If we intensely work out at our gym, that may create temporary pain for later value.
  3. Visually remind ourselves that too much pleasure devalues pleasure and reduces our humanity. It only took one picture of a meth addict in junior high to motivate me away from drugs forever. I want to be full of life, not a zombie.

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