Been a while since I've used it - might need to give it a tidy up and make it more user-friendly, but I'd be happy to share. I'll get on that when I have some spare time. Watch this space.
Posts made by escher
It was interesting that there was no utilisation of crypto-payments for Consensus 2018, i.e. you couldn't use Bitcoin etc. to pay for tickets or additional services. Seems like a step in the wrong direction for mass-adoption at the world's largest crypto-focused event. (This is what I've heard, haven't seen anything to the contrary.)
My hope is that there were plenty of test facilities/demos for attendees to send/receive transfers and so forth (for the people who have not really done so before) - there was a lot of this at the recent Hannover Messe (even though it is not specifically focused on cryptocurrency/blockchain).
Suppose I'll follow suit with a similar format!
- I'm 30
- Brisbane, Australia
- Data analyst, have worked in many different industries, currently non-profit sector
- Started reading and learning about Bitcoin in 2013, didn't make a purchase until early 2017, I'm thankful I did pull the trigger then, since even after this crash the investment is still a solid one. But no, I am not rich either!
- I'd love to eventually work in this space to some degree, but I feel like my skillset is one that will be replaced by AI/the blockchain and its technologies doing it in an automated fashion anyhow. I think my first step will be to either get involved with, attend or help set up meet-ups in this area. I know they are happening in Sydney and Melbourne due to the bigger populations, but would be good to have some representation up North.
Regarding "anyone who cares to listen". I found that this was FAR easier when the intense boom of late 2017-early 2018 was in effect. It was remarkable how many people came to me asking how to set up an exchange account, how to set up wallets and so forth - the FOMO was in full effect.
After a lot of people got burned, their interest waned / opposed my own. I try to keep my talking about the tech, application and future of cryptocurrencies/blockchain/tangle to a minimum to my friends IRL (except the select few who are also interested and invested in it) - lest I become "that person", mostly because I can tell this is a subject that bores a lot of people after the initial 'hype' of Bitcoin before the crash - and/or baffles them (myself included at most times).
It's good to get the craving for discussion out online though.
I'd love more people to see it as a world-changing concept rather than a 'lambo in the garage' concept (i.e. a novelty get rich quick scheme or scam). Mass adoption won't just 'happen', it's up to us and others being advocates, and providing real world examples - this will be more easily realisable when our favourite projects start delivering their products and we can showcase them more effectively to friends/family and so forth.
I am encouraged by the amounts of meet-ups, and conventions and quality article writing coming into play though, we need a good foundation and credible information to flourish. Of course we also need concrete examples of where blockchain and other emerging tech of this nature is actually an improvement over what we already have. All I can say is, I'm pretty excited for not only this year, but the many years to follow.
Maybe not the correct thread to go too in detail about it - but I have found moderate success in identifying early projects by hooking the coinmarketcap API into Excel, and refreshing it each day, comparing it against the results of the previous day, and seeing the big surges/dips or spikes in volume of coins in the top 101-500 - then I can research and look into those that are seeing moderate-large changes both by volume, position increase in the rankings, change over 7, 30, 90 days etc.
I haven't done this for a while due to taking a more passive position on my trading (considering myself more of a long term holder at this point), but it was good for day-trading and short-term earners from the beginning of 2017 as well as allowing me to gain more depth of knowledge around key characteristics of what makes a successful project. (But it's definitely not an accurate science as to what really makes a project a solid investment in this space currently, just my own standards of what constitutes value in these early days.)
Then again, anyone was a genius in late 2017, could almost take a dart board covered in different coin names, throw a dart...pick the coin it landed on, you would have seen a 10x gain.
As others have somewhat touched upon,my questions are; would it be the fiat equivalent of a yearly salary paid incrementally? E.g. What BTC is worth on payday (to the value of $2000 for example?) Or an employer/ employee willing to take a risk and pay / be paid a flat BTC sum per week/fortnight/month etc.?
I don't know if I'd be willing to take the volatility in hand for a flat fee (volatility in 1 week, 2 weeks, 1 month? Yikes, try 1 day, or even 1 hour in crypto land) , but being paid like this would be fine:
Example: I am being paid $2500 worth of ETH/BTC per fortnight, I would still need to cash some out to fiat, for rent, for groceries and other general expenses that aren't currently able to be bought directly with cryptocurrency where I am. I would then simply leave the rest and have that sitting as my current crypto investments already are (I would probably just be putting my fiat into crypto, so this skips this step), or convert it to USDT and make an investment decision later.