crypto inheritance

Dear my crypto friends,

    Today I helped the family of a young hodler to cash out his crypto currency. Our friend passed away in his twenties, leaving his family with regret and a little crypto.

    Luckily, his younger brother knew most of his password, and we easily withdrew all the crypto to the brother's new wallet. Looking at his account, I could see a young man who lives thriftily and puts most of his money into cryptocurrency.

    The bad lifestyle may be one reason for his end. But this event reminds me about the importance of a crypto will. A special process to recover our coin when we will be gone. It must balance privacy, security, and user experience (especially for non-tech users.)

    Do you have any plans for your crypto in the worst scenario? Let's think about it, one day your family will be used. Nonetheless, no one can avoid death. 

Jaken - 09/02/2024

Money management

Money management

This month, my expenses skyrocketed, increasing by a staggering three hundred percent. Upon closer examination, I found that my daily expenditures remained small, with the majority of the increase coming from unforeseen payments.

Essential needs such as food, housing, or transportation only contribute a small fraction to this month's cost structure. In my past plan, I managed to tighten my budget by cooking at home and reducing unnecessary travel. This strategy effectively reduced my daily expenses by 20-30%, but It didn't significantly alter my overall financial status.

Hard times give me the ability to optimize minor expenses, and I've become adept at controlling my basic needs. However, when faced with larger payments, I found myself lacking of skills to use money effectively, although I read and knew the theory. From my viewpoint, all these expenses are necessary and cannot be reduced. 

My financial status has undergone significant changes, but I still managed it like a freshman. It's time to learn some new skills.

061 - jaken - 30/12/2023

Blockchain active addresses

This graph demonstrates the fluctuation in the number of active addresses for Bitcoin and Ethereum, the two leading cryptocurrencies. It reveals valuable insights into the current state of the market.

Represented by the red line, Ethereum, the world computer caught up with Bitcoin in 2018,  a mere three years after its inception. Both blockchain users' numbers increased during bull runs and decreased in bear markets.

In 2023, despite the significant surge in the price of crypto assets, the active user number remained relatively stable at around 800k. This suggests there are not many new users entering this industry, the influx of capital may come from old users and some big players.

059 - jaken - 28/12/2023

New year goal of a bookworm

 New year goal of a bookworm

In 2023, I set a singular target for myself: to read 52 books, and I surpassed it. Reading does not bring me more money or love, but this hobby gives me a lot of happiness. Therefore I spend one to two hours a day reading.

Since 2019, I have begun to make a new year goal. That year I was only able to achieve 3 out of 10 goals. So I reduce goal numbers in the subsequent years. The fewer targets, the higher the success rate, and this year, I finished 162% of my single target.

Compared to previous years, my reading list included more English and comic books. I discovered a new favorite author, Neil Gaiman, and devoured nearly all his tales, which contributed more than 50% of my 2023 bookshelf. Additionally, my collection of technical books now has more engineering, and less financial books.

For the upcoming year, I plan to slightly increase my goals. Let's see if I can achieve more than one:

- Read 52 books

- Build a snowman

- Learn a master's degree

058 - jaken - 27/12/2023

EQ

 EQ

The emotional quotient, or EQ is a set of abilities that include understanding, expressing, controlling, and using emotions. Unlike stable scores like IQ, emotional intelligence is a dynamic skill that can be developed through learning and experience.

First of all, self-awareness is the essential step. Recognizing your feelings, understanding their origins, and accurately naming them help people gain insights into themself. A rich, detailed vocabulary can facilitate the expression of one's status more effectively.

Articulating your feelings can calm down extreme emotions, and there are several techniques to ease negative thoughts such as walking, writing, or meditating. In addition, a positive mental state can be cultivated through memory recall or body language and can be amplified through self-suggestion.

While individuals can adjust their emotions, their feelings become tools that can be utilized in various situations. Those include self-healing, self-motivation, and self-happiness. They can also be leveraged to influence others in both personal and professional relationships.

To conclude, emotional intelligence is a vital skill that requires continuous improvement for a more fulfilling life and successful career.

057 -  jaken - 26/12/2023

ETH burned

This visual illustrates the burning status of Ethereum - the second-highest market capitalization cryptocurrency.

Following the implementation of the Ethereum Improvement Proposal 1559, over 3862000 ETH, currently worth 8.7 billion dollars, was removed from circulation. The ongoing burn rate stands at 3.73 ETH per minute, an approximate value of 8500 USD. This rate corresponds with a deflation rate of 3.2 percent, as depicted by the clock on the right side.

At present, the average base fee for Ethereum transactions is 43.5 GWei. The block utilization is relatively low at 50%. Given these traffic conditions, transactions can be processed swiftly at a reasonable cost.

Although the Gas Target is at 15 million, the Ethereum blockchain typically operates below its full capacity. Therefore the system has substantial capacity for more future users and applications.

052 - jaken - 21/12/2023

In your last

 In your last

What will preoccupy your thoughts in your twilight years? Are they your incompleted journeys, tangled career paths, or broken relationships of young ages? From my perspective, just as an adult forgets their cherished toys in kindergarten, who has one foot in the grave worries about very different things.

The aging process will slowly take away fundamental abilities from humans. Beauty, health, the precision of senses, memories, and even sanity will diminish by and by. Compared to those, the dreams of our youth seem like mere illusions.

Every morning, when I exercise jogging around my apartment, I often see an old man sitting in a wheelchair and sunbathing. A nurse, employed by his family to take care of his daily life. His children are affluent, and he may have an illustrious past. However, now he cannot eat or defecate by himself, suffering persistent pains in bed like my grandfather.

In my last years, my hope is to retain a lucid mind and enough power to control my death and life.

051 - jaken - 20/12/2023