If you got a blog or don’t…who cares you can still make a pot of money! Yes, you heard it right, a new service Feedpass.com allows you to make money or rather “share money” right off someone else’s hard work…and why not we ask after all you take the time and effort to read it and tell others about it!

This is what Alec Saunders wrote about this…
“…I started thinking about the whole FeedPass abuse theme I wondered about yesterday. And then it clicked how easy it would be to cut the author of a blog out of the revenue stream on FeedPass. Here’s what I did:

1. I used my Feedburner account to create a new feed for TechCrunch. Here’s the chicklet. 2. I used Feedpass to wrap that feed in advertising. You can see it here.
3. Then, I used FeedBurner’s Title/Description Burner feature to insert the FeedPass claim code. FeedPass accepted the modified header as real, and allowed me to claim TechCrunch.

By doing this, I get the 1/3 of Google revenues that FeedPass reserves for the creator of the feed, PLUS the 1/3 that FeedPass reserves for the owner of the feed. Sorry Mike. I guess I cut you out of the loop…”

It is interesting to note that FeedPass was informed about this possibility by Saunders, which they promptly acted upon by disabling the FeedBurner link and removed any advertising until they figured out how to resolve the issue. Shouldn’t they have figured out this problem first? Well apparently they did…and guess what? They re-enabled all the features. The reason—Others do it as well!

Read more of this nonsense on socialsoftware blog and mashable.com.