Better Outside
Daily Ramble
Tough conversations are always better done outside. Early in my career, I worked for a solar company. The CEO told me that he always preferred to have hard conversations on walks outdoors. I decided to take him up on the advice and started scheduling any difficult management talks as walks. I’m sure the guys I managed (it was hard to find ladies interested in selling solar in 2006) came to dread the words “let’s take a walk” but I soon learned the wisdom in the CEO’s words.
Which was? Having a tough conversation chest to chest across from one another triggers all sorts of stress responses. It screams confrontation. Walking together side by side is how cooperation looks in the wild. On top of that, the body itself regulates the conversation keeping the temperature turned down on emotions — at least a couple of degrees. Ever tried to speak quickly while walking? Doesn’t last long before breathing gets in the way.
I mention all this today because I’m pretty sure my wife and I finally realized we should apply the concept to our tough conversations too. I can’t speak for our neighbors, but it sure was much more effective for us.
Favorite Thing on the Interwebs Today
There’s at least one clean mouse in the world. God bless him.
Bitcoin Price Update
Today’s predicted price range: $18.7k - $19.5k
Tomorrow’s predicted price range: $18.3k - $20k
Over the weekend, Bitcoin’s price jumped almost 8% climbing from $18k to $19.4k. The bullish news of MassMutual’s $100M purchase seems to have turned the market, at least breaking the short term downtrend. Today, the price is indecisive, moving in a fairly tight range between $19k-$19.2k that is likely to break before the day’s end. If indeed the trend shifted over the weekend, then the price should continue up. Otherwise, the low volume price increase over the weekend was a trap and we can expect some downside later this week. As long as we continue to stay above the $17.6k range, the odds are better that we break over $20k than break down below $16k.
Bitcoin Ed Bite
Last week, we covered how the Bitcoin mining process works. Today and this week, I’m going to explain how the difficulty adjustment process works to self-regulate the protocol. Let’s start high-level today by first explaining what I just wrote.
Self-regulate the protocol? What I mean is that the protocol itself ensures that although miners are rewarded for creating new blocks, there are never more than 21 million Bitcoin mined and they are mined on a pre-determined schedule.
Difficulty adjustment? The difficulty adjustment occurs every two weeks and makes mining more easy or difficult to accomplish depending on the results of the last two weeks. By making mining more difficult, it takes more energy to mine new Bitcoin. The opposite is true by making mining less difficult.
Check back tomorrow for an explanation of how the difficulty adjustment is accomplished.
Thanks for reading,
Kent
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