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Learning: Fiction and Crypto

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@indigoocean
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So far the fiction writing has focused primarily on fiction reading. I'm rediscovering so many elements of good fiction I had forgotten about. It's like embarking upon a journey through mysterious lands and finding many treasures along the way.

It may be a while before I start writing. Or it could happen tomorrow. I'm taking a very fluid approach to the whole thing. Creative Coin folks, watch for me!

Crypto

A couple weeks ago I presented about Bitcoin at a friend's meetup. It was definitely what I'd call a success in that they had lots of great questions, including how to questions. I'm confident most if not all of them will follow through. Almost feels like I've saved a life.

Today was a pretty bleak day in crypto for a lot of people. I took the opportunity to dip my toe in a little more. The service I had been using to buy and store gold bullion at the Royal Canadian Mint discontinued that program, so I had extra cash on hand from that recent liquidation.

Do you have clear plans for what you'll do with your crypto profits a few years from now?

Do you get discouraged in the short-run when the price takes a big dive, even though you have no intention of selling for years to come?

I must confess that my stomach tends to sink with the price, but then I activate my reason and know it's a chance to either buy at a bargain if I have spare cash or simply do nothing.

Fun with Dai

I created my first CDP recently. Then found out I need to buy some MKR in order to close it out and reclaim my ETH. Thankfully I was just playing with the tiny amount Coinbase's Earn program gives you when going through their tutorial, so will just let it go instead of all the bother for such a tiny amount.

It turns out there are services you can use like Instadapp.io that allow you to do everything with ETH, doing the conversions for you when you're ready to pay back your DAI and get back your ETH.

If you're committed to the fully decentralized approach though, which presumably is why you're taking out a loan with a variable interest rate using DAI instead of one with a fixed rate someplace like Celsius or BlockFi, then you should realize you are opening yourself to some additional contract hack risk by using it.

I think I'll just go with the fixed interest rates of the centralized crypto lending platforms, and accept that I am in fact letting a 3rd party hold the private keys to some of my crypto. But I can definitely see the appeal of DAI for those who find that utterly unacceptable.

Well that's all for today. I'm enjoying being online far, far less these days. Much more time on trails, at botanical gardens, shows, and movies, and much less distraction in so many different mental directions the online world bombards us with. I hope your Autumn has gotten off to a great start and that you too are enjoying some time outdoors. Cheers.