So much has happened since I posted my first thoughts on Getting Started with Terra, Operation Mailbox Money, Getting Started with a Storj Node, and Missing the Boat with Chia.

I will be reviewing these posts in order of increasing difficulty.

Storj

The Storj node experiment was a comical failure. I neglected to take screenshot evidence but after months of running my node I never got about $0.10 worth of payout, which is well below the threshold of actually get paid for running the node. I have since reclaimed the space and purged the docker containers.

Chia

So I stopped "Plotting" (preparing more storage for Proof-of-Space-and-Time) a year ago and have left about 20TB of space "farming". I had a windfall of 2 Chia a year ago and another 2 about a month ago.

Current output from my Chia Farmer. Running in Docker Container on my NAS

In hindsight I should have dumped the first two Chia when I received them, as this year every altcoin is having a bad time. Here is Chia's last 6 Months:

6 Month plot of Chia Price

I do not regret getting Chia going and have been happy to get the couple Chia I have so far.

Terra

What to even say about Terra? If you aren't clued into the Crypto Ecosystem at all, Luna and UST (Terra stablecoin) imploded in early May from a liquidity attack. I think the whole thing was staged and rather unethical but had high hopes for the ecosystem until it imploded. I also had Spicy Cough the week it imploded, which did not help my personal situation one bit.

Operation Mailbox money is continuing but it taking a much more diversified approach, as the current ongoing collapse of FTX and several (>100) related entities is causing massive ripples throughout the Crypto ecosystem.

Diversification

If there is one lesson 2022 has taught me, it is that nowhere is safe. Especially in Crypto, not your keys not your coins. Treat Centralized Exchanges (CEX) like public bathrooms, only be in as long as you need to be and get out! Even in Bitcoin's "wild west" early days, the community was relatively peaceful, focused on a shared vision rather than infighting. We are witnessing a breed of crypto-cockroaches which have emerged since the market boomed in mid-2018 and 2021; the ultra-wealthy black swan coin vultures! The 2018 and 2020 crypto-market meltdowns left many investors with a bitter taste in their mouths.

Recession

Now I am no biologist but I think we have been in a recession since 2020. Inflation > GDP growth means at least stagflation at best. I think at this point (End of Nov. 2022) we are staring down a depression, not a recession.

I, for one, have been ruthlessly researching what to do with the coming downturn and have been pulling capital to prepare to purchase solid assets at reduced prices over the coming months.

I have turned off all my Masternodes (except ETH which I still believe will survive) and dumped a majority of my altcoins in preparation for an extended crypto winter. I hope to return when conditions have improved and the market has stabilized so that I can reinvest the capital that I have made during this time into high performing projects with good long-term fundamentals and a solid team behind them. One of my goals for this blog is to keep you up to date on any new developments in this space as well as to provide unbiased analysis of any new projects that may be of interest to you all. I hope you all enjoy your time here and I look forward to sharing my insight with you.