Re-Intro
Daily Ramble
“Please allow me to introduce myself…” is the start of the iconic Rolling Stones song that’s been playing in my ears since I started thinking about writing today’s Ramble. At six months into my daily newsletter experiment and some 300 readers later, it seems time to re-introduce myself to those who’ve recently joined but didn’t dig back to my posts from last November.
My name is Kent — I’m sure you gathered that much. But what you may not have gathered is that I started this as a passion experiment. An effort to both let loose a little pent-up creativity in the form of a daily rag and to start sharing the five years of knowledge I’ve gathered about Bitcoin, its price movements, impacts on society, and technical function. My Daily Ramble is just that, a ramble. Some days you may love it, others you may hate it. Spend enough time reading it, and you may decide to share the newsletter or unsubscribe—your choice.
My goal with the Ramble is to gather a community of people interested in sharing a conversation around some of these ideas. As much as I love Bitcoin, and I really am passionate about it, I’ve also got interests in indigenous plant therapies, quantum physics, family, yoga, ethics, adventure, fatherhood, classic literature, and history — being a specialist doesn’t suit me so well I’ve learned. The Ramble gives me the latitude to sail into any of these harbors when I feel like it, though I am always open to discussion and cross-pollinating ideas that could inspire a solid Ramble. If you’re reading it properly, you’re on the front porch listening to the birds twittering away on a sunny morning over a cup of coffee. Or at least that’s how I imagine it.
The Favorite Things on the Interwebs was inspired by my constantly finding stupid, funny, and/or thought-provoking ideas online and sharing them with my wife. Now I get to share them with you and leave her alone. If you’ve got something that fits the bill, I’m all ears and will gladly give you credit for your contribution. The rest of Kent’s Corner rounds out with short-term predictions for Bitcoin’s price movement and knowledge nugget. Bitcoin is a slippery eel to get your arms around, so my goal is to drip knowledge to you each newsletter so you can come up to speed with why it’s the most important invention since the printing press. Yes, I know that sounds absurd to the uninitiated, but once initiated, I’d be surprised if you disagree.
So, however, or wherever you came from to get here: welcome. Drop me a line to say hello if you feel like meeting an internet stranger or could use some of the services listed in the footer at the end of each Corner.
Favorite Things on the Interwebs Today
Bitcoin Price Prediction
Yesterday: $36.5k - $42k
Today: $36.5k - $42k
Tomorrow: $36k - $42k
Yesterday’s TL;DR pretty much sums up the current situation today as well:
TL;DR - $40.7k then $42k in the days ahead, or we see the bears start to drive the price down again.
The last 24H of price action has added a small bullish wrinkle — the price is not being driven down as bidders come in to purchase the range lows. Time is not on the side of the bulls, though, so they still need to claim $40.7k soon or face bearish pressure. My best guess of the current situation is that we see a push up to $40.7k and then $42k before seeing the bears step in to test the bulls’ mettle.
Bitcoin Q & A
Q: How is Bitcoin related to energy?
A: Every bitcoin is backed by energy.
Each bitcoin comes into existence as a reward to a miner for generating a block in the blockchain. Each block takes energy to generate through computations necessary to solve a complex cryptographic puzzle. This is called Proof of Work. By transforming energy into bitcoin, Bitcoin’s Proof of Work algorithm successfully bridged physical reality into the digital realm through Bitcoin’s scarcity. Proof of Work is the true genius of Bitcoin’s design.
Thanks for reading,
Kent
Do you have questions or a “Favorite Thing on the Interwebs”? Comment below or reply to the newsletter to reach me.
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