Talk about a kick in the groin! I'm not going to pretend I was totally shocked this morning when I saw the notification on my phone that Bitcoin had crossed below $80,000, but it still didn't make it any easier to handle. I'm not even going to try and guess what is going on at this point. The best we can do is just hang on and ride the wave. Hopefully you were able to take some gains and maybe move those back into something at a discount here.
I have been doing a regular buy of USDC each month for occasions like this. I am not sure what I am going to buy yet, but I will likely be making some moves yet this morning. In fact, I already started a withdraw of 500 HBD from my account. Hopefully these low HIVE prices hold out long enough that I can get some at a discount in three days when the HBD is finally available.
It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the community.
I've got a half quart of Penzoil sitting on my workbench at home if anyone needs some lubrication from the absolute thrashing we just took. We really didn't even have time to properly bend over. I think a lot of people thought we were finally going to go up a bit.
To be fair, the markets are coming back a little bit this morning, but who knows if we have another dip in store for us.
I think at this point Olivia Rodrigo put it best and I can't seem to get this song out of my head:
SPS Nodes
It would appear that SPS nodes are finally live. If you missed the post, you can check it out here. I've talked to a few people who I know have licenses and it sounds like they don't plan on spinning up a node. I think they feel that the cost to run the node will not be covered by what they earn from it.
That's definitely a concern. I already have some virtual resources at my disposal, so I think I might spin one up just to see what happens. I think my biggest concern is whether or not it will be accessible behind my firewall. I don't want to have to punch a bunch of holes in my security, so hopefully this just uses regular web ports to work.
I honestly don't know too much about it yet, and I haven't really been able to get any answers. I might have to pop in the Discord and see if anyone has more information there. I am sure there are people who were already running their node on the testnet who can help.
Last Will And Testament
I wrote about this a while ago, but @mrsbozz and I finally had our meeting with the lawyer earlier this week to get our estate planning taken care of. It's not a quick process. After I created the appointment, they sent me a seven page document I needed to fill out to get the ball rolling.
When we met with the lawyer, I apologized that there were some sections I wasn't able to complete. She said no problem, we had actually filled out more than most people do.
I took the advice of the folks here on HIVE and I listed my crypto holdings. She wasn't sure how to address that and she actually said instead of just doing a straight will, we should probably set up a trust mainly because of the crypto. She had zero clue how to handle it. I have a hard time believing we are the first clients she has dealt with who hold crypto, but maybe the others chose not to disclose it. I don't know.
I didn't separate out my sliver that I hold. I just plan on including that in the trust and my brother in law who will be the executor of the trust can distribute it as he sees fit. Hopefully, we will live long enough that I can just gift what I hold to my nieces and nephews one day when it appears I no longer need it.
Now we wait three to four weeks for them to get all the documents created for us to sign, then $2500 later, we are all set. Our assets will be protected from probate if something were to happen to both of us and our nieces and nephews will be ensured a bit of financial stability. After they are 25 of course. The lawyer said that is a pretty standard age for distribution of the funds, so we stuck with that.
T-Mobile/Starlink
I really feel like the quality of Super Bowl commercials has went downhill over the past decade or so, but there was one commercial that stood out to me this year. It was the partnership between Starlink and T-Mobile to offer a sat phone like experience on their regular network without having to buy any special equipment.
This is kind of a big deal for @mrsbozz and I given how much we travel and how often we find ourselves in state park campgrounds with very little signal. I decided to visit their website and put my name in the hat for early access.
I got the email late last night that I had been selected for beta testing. They are going to send me more info as they get closer to launch, but I am kind of excited to be part of this program. It's on my work phone, so it isn't like I do anything I shouldn't be doing on there really, so I am not too worried about the privacy aspect of it.
By now we should all realize Elon can get any of our data whenever he wants anyway...
My big test will be to see if this gives me better coverage down in Columbus, OH than I usually get. For some reason 5G is absolutely horrible down there. Even with full bars, the speeds are just painfully slow.
Try to ignore the pain this weekend and enjoy some time away from the markets. Maybe by the time you come back, things will be better!
Sports Talk Social - @bozz.sports
