Tag: #Bitcoin

  • ODDS and ENDS: Christmas Shopping, Genesis, and Bitcoin Value

    ODDS and ENDS is my continuing series of random thoughts and follow ups…

    We have heeded the words of the economists about the supply chain and have ordered all of the kid’s Christmas gifts, so in a sense, we are done shopping for her. We just have to wait for everything to be delivered, which looks like it will be by Thanksgiving. That just leaves shopping for me and the wife. This will be the second year where we are buying gifts for ourselves, and I have to admit, I prefer it. We set a budget for each of us, and we won’t be disappointed. There is still a little wiggle room for each of us to get a little something for the other, which keeps it a little fun with a surprise on Christmas morning.

    I know nothing about Peter Gabriel era Genesis. I can say that I had no idea that Peter Gabriel was in Genesis until in 1991 or 1992 when Charlie Campbell informed me of this information. I was at Charlie’s house to talk about recording a cable public access show, and we started talking about music we liked, and that’s when he dropped the truth nugget that her preferred Peter Gabriel Genesis, as Phil Collins Genesis was a bunch of sell outs. Even with this knowledge, I never went and listened to Gabriel’s Genesis. Well, until today, when that memory popped into my head, and I have Spotify, so… Selling England By the Pound is the album of the day.

    As of this moment, my Bitcoin has gone down in value. I have lost $2.17, or a -6.2% evaluation. And I was hoping to buy a cup of coffee with my earnings, but now I owe Bitcoin a coffee.

  • I Bought Bitcoin

    Did you know that you can buy Bitcoin through Venmo? If you didn’t know, now you know. I thought it was a scam at first. I mean, Bitcoin sells for like $60k a share, and I clearly don’t have that much money to throw around. I also know that Venmo really isn’t selling shares. I think it’s more like renting shares.

    Anyway, I was checking on my Venmo account, which I rarely use. Before the pandemic, when I would go out with friends and have to split a check, that’s when I would use it. And for the fantasy football league that I play in. So, I was checking the account, and I saw that I had forgot that I have $35 in it.

    What to do?

    Now, I am not endorsing buying Bitcoin through Venmo, but I bought Bitcoin through Venmo. Currently, I have made three dollars.

    And it still feels like a scam. I do know how cryptocurrency works, so please don’t explain it to me. In a philosophical sense, anything can have value, and this is a thing, and people say it has value. Maybe it’s the Tulip Crazy all over again, or the Roaring Twenties, or whatever.

    I find it odd that I have purchased something that can make me money, but is not physical. I feel like I have purchased a belief in something. The Ethereal Value.

    It’s conceivable that in one year, I could have $300 of value. And then a year after that, $3,000 of value.

    And it’s also conceivable that someone could say, “It’s just a tulip,” and it all goes away.

    But as of right now, I can go and buy a good cup of coffee.