Checking In #1

Tuesday, 03/08/2022

As I’m putting so much time and energy into learning and trying to find some sort of homeostasis within an entirely new frontier, it’s healthy to take a step back. By taking a step back, it allows me to catch my breath, revisit what I’ve analyzed, reinforce any topics or areas needed, and then critically think about how I want to approach my writing moving forward.

I’m choosing to stick with the theme of cryptocurrency, blockchain, web3.0, etc… It’s what I’m most interested in at this time, and one thing I’ve learned from reading and listening to other writers and authors is, write something YOU’RE interested in. Plus, the desired outcome aside from learning and challenging myself in a new way is to–you guessed it–make money.

Who doesn’t like making money?

As taboo as the money conversation may be within your environment, it’s what makes the world go ‘round. Money allows us to afford freedom in a modern day society that’s reliant on a number of variables to simply survive.

Let’s take one of the main variables of survival–food.

If you’re reading this and you can tell me how you’re going to sustain your livelihood without using money, then I’m assuming you have a particular set of skills that I wish I had, and that you’re only here to make money. REGARDLESS, money is an important variable to the majority of us. As I stated earlier, we’re on a new frontier that still has yet to really discover itself. This is an opportunity to set you and whomever you’re with, up for success from a monetary standpoint. On the flipside of this, it could absolutely put you in a worse position, so please, assess the risk you’re willing to take–as you should with everything. Additionally, it feels like we’re discovering new use cases every single day when it comes to this software and technology! It’s difficult to keep up with, but that shouldn’t stop us from trying.

Moving on to the check in.

So, what have I learned, observed, and discussed?

What I’ve learned and observed:

There are now more than 22,000 cryptocurrencies

There are now more than 35 decentralized exchanges (DEXs)

There are four different types of blockchains

• Public
• Private
• Consortium
• Hybrid

Non-Fungible Tokens (NFTs) are used in many different instances:

• Art
• Gaming
• Real Estate — Physical and Metaverse
• Music
• Other Collectibles
• Fractional Finance — shoutout Fractio Finance

What Decentralized Autonomous Organization (DAO) is

• A collective group with no assigned leader that determines where said DAO goes and does

How many different ways there are to mine cryptocurrency

• ASICs
• GPUs — which I’m currently doing
• Radiowaves

What the heck ‘nodes’ are

• Computer/computer systems that connect to a blockchain network that helps support said network through validation and relaying transactions
• Some of these make money for you and some do not

On the topic of what I’ve discussed, mainly the two blockchains Flow and Algorand. I have been finding myself deep in the Twitter-sphere, Telegram, and Discord discussing topics through there that are related to all of what I listed above, and the potential outcomes of what we’re seeing from a global economic view. Needless to say, it’s been consuming a lot of my time.

There’s still plenty of work to do, and I’m not going to stop here.

Here is a breakdown of a few topics I’m considering moving forward:

• Brief Dive
• Crypto Mining
• NFT Project ‘x’
• Checking In
• Node Project ‘x’
• ‘X’ DAO

For now, this should be enough. Although, if anyone has any suggestions as to what I could add, or maybe how I could tweak something of course I am all ears!

As always…

You are the engineer to your future as these developers are the engineers to our technology. Stay vigilant on investing in projects and chains that produce, and those that are strictly speculative. None of this is financial advice and please be sure to do your own research as I am not a professional in this industry.