Digital Campfire
Daily Ramble
I’m still stewing on incentives. Of a personal nature this time. I’ve been wrestling with internal competing motivations when it comes to this newsletter. Since you’re involved, I thought I’d share to see if the process of sharing itself resolves it.
I started this newsletter as both a creative outlet and tool to share what I’d learned about Bitcoin. A giving back for my years of Bitcoin study, I suppose. As I’m wrapping up my fifth month, I’m reflecting on where my desires stand now — don’t worry, I’m not leaving your inbox unless you unsubscribe. On the one hand, I would like to have a larger audience than the 60 fine folks who have signed up for the newsletter. On the other hand, I don’t want to alter my writing to gain readers. Ultimately, I suppose I’m stuck with the experience of many artists I know — how to get more eyes on your work without sacrificing the craft. Any good tips?
But why the desire for more readers? Good question. Ultimately, it’s an effort to gather other folks wanting to engage with the type of ideas I’m rambling about. Digital community — just not “a thumb or heart on the 145th photo you’ve seen in a 3-minute scroll” type. I might be aging myself into Boomerville with this desire, but I like to think that, although unseen now, a not-so-distant day is going to see life moving more slowly and meaningfully. A Ramble for another day.
And why a digital slow-your-roll community? Hmmm… I haven’t been in the bar scene for many and many moons now, but what I miss most was the passionate conversations about everything and nothing. I suspect the rise in podcasting harkens back to our desire to sit around the campfire and swap stories with one another again. A digital campfire for stories, ideas, and thoughts about the world seems pretty good to me.
I’m rambled myself into silence…your feedback is always welcome.
Favorite Thing on the Interwebs Today
What’s old is new.
Bitcoin Price Prediction
Yesterday: $55k - $62k
Today: $55k - $62k
Tomorrow: $57k-$62k
Both the bullish news from Visa and the price action of the last day have made me question my eerily accurate prediction from yesterday. A lucky guess, I suppose. The bullish news from Visa? Visa has announced an integration into the payment rails using crypto networks. It’s hugely bullish as it continues to show how the crypto industry is supplanting the existing banking infrastructure.
On the price action front, I don’t anticipate us breaking past $59k today or below $55k. But, with the shift in the trend and bullish news from Visa, it is more than likely that we push up past $60k in the next couple of days, despite the Easter holiday dragging traders away from their desks. My best guess is that we hold below $59k today, then break up to test $62k tomorrow.
Bitcoin Q & A
Q: What is hashing?
A: A mathematical sausage maker.
A rough metaphor, but the easiest way I can convey the concept of hashing. Each sausage is a unique and smaller representation of the animal that went into it, but it’s impossible to work backward to recreate that animal. Digitally, that’s how hashing works. Data of any size can be hashed, and a unique string of characters is created to represent the data. This string of characters is referred to as the hash of the data. It is not possible to work backward from the hash to recreate the original data. It’s a one-way street. Data in, unique hash out.
Thanks for reading,
Kent
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