So my only experience with crypto is buying a little bitcoin after big crashes, ignoring it for 5 years and selling it when theres hype in mainstream media. Happens reliably enough and i made a little change. Also did some fruitless blockchain work when it was a corporate craze in 2017 but overall, don't care for the tech much.

Anyway, I've been looking into some things for work and a lot of roads lead to cryoto. I'm decent at picking apart a reasonable technical system and can call on people who understand legal, financial, logistical or company structures. But the crypto space is a weid mess. It feels like kids playing a pretend game of being a central bank.

There's official documents and company filings with full corporate structures, but everything is just a bit too juvenile. Like you'll see a Senior Auditor with 10 years experience at KPMG, next to the head of marketing: YoloSwagger with an animated One Piece profile pic. There's also these ambitious White Papers attached to code base that seems like the same boilerplate example but with stupid variable names.

A bulk of the info i need is the diction and syntax. Don't know if its because I'm old because I don't get it. I see a lot of start-up and investment language thrown around. And it's mixed with a plenty of meme terms and some utter nonsense. I can't get a straight answer on the meaning of Utility even though its thrown around like a core metric. And don't get me started on Wallets because that definition seems to change mid sentence.

The other thing I need to understand is the technicalities involved and accessing the right info. Before my searches were polluted with the meme coin story today, there's not a lot of good info. Most of what I found was exchanges telling you to not worry about it and give them money, or crypto bros telling you not to worry about it and give them money for their course.

I understand transactions and how everything is just a pump-and-dump to get at whatever liquidity was raised. All the evidence for fraud is obvious in hindsight. There must be ways to track those trends before it happens and find consistent factors. At the same tine how the hell can people just start a coin and other people throw small fortunes at it for a laugh.

I'd be grateful for any good primer unpacking things. It really looks like the normal education is to jump in with you life savings and sink or swim.

Crypto has always been an odd one for me.

Considering I'm in the IT field and generally techy, I've always remained skeptical. That didn't stop me throwing about £100 into some DOGE, XRP and ETH awhile back. They peaked around $880 and I almost cashed out. I wish I had because they fell back and were worth around $140 for the longest while.

Suddenly it's sitting at around $400 and I'm wondering whether to hold my nerve or cash out.

Anyone big into crypto and have any advice?

Early last year, there were some rather heady predictions within my company about the potential/future of decentralized autonomous organizations. (That a DAO would be running a real company, that a DAO would play an important role in an election somewhere, etc.) They have not come true. From my perspective, the same generally seems to be the case for nearly all Web3 components.

That led me to wonder, though - are DAOs still a thing? Is there quiet potential there and the hype machine has simply moved on to LLMs... or was hype all there ever was?

Have any of you seen any actual uses of a DAO? I would love to hear about it if so.

EDIT: Album available here

Note: I'm writing this post as I go through my day, taking note of anything interesting. I try to do this with my diary, however for once I'll actually share my thoughts with strangers.

This was inspired by u/arqalite's post on the topic.

I'm not a journalist. I didn't even take a class on journalism in college. I'm also not a writer, but at least my text is human generated. I have an audiobook I need to catch up on and a day to spare, so I'm going to bitcoin town.

I'm not a crypto guy, but I'm not going because I think Bitcoin is bad (even though it is). I'm going because I'm curious: how loud is this bitcoin mine really? When I read the initial post I wondered about the nocebo effect, Havana Syndrome, sociogenic illness, etc. Most of the reports are anecdotes of locals, and the null hypothesis doesn't make for a sharable news article.

I'm using this app "Sound Meter" to see how loud it is in my small suburban house. It peaks at 40dB. If you, like me, don't think in decibels, Google says that's as loud as a refrigerator hum. I'm skeptical about the accuracy of a phone app, but it's what I have.

Outside my house there are some birds loudly chirping. I would have missed their song if I wasn't writing this. I decide that I should take a measurement. The app reads 55dB. Google says it's the loudness of a residential street. Spot on.

I'm entering Granbury, TX and a massive American flag hanging from a crane greets me along with a pro-Trump billboard. There's a large lake running through the town. Seems like every house has a dock. Lot's of folks on boats and jet skis are visible.

Downtown is an old court building with a clock tower. The streets are lined with mom-and-pop shops for furniture, clothing, and trinkets. To my surprise, there are a lot of shoppers here with arms full of bags. They seem cheerful. They are all white.

The GPS takes me outside the city limits. I stop at a gas station a half-mile from the mine. I ask a couple of people about the mine while I grab a water. They've never heard of a bitcoin mine, and didn't know there was one around here.

As I approach the destination, the bitcoin mine looms over the horizon. The sheer size of the facility cannot be overstated. This facility looks like it should be pursuing some massive scientific endeavor. I wouldn't guess in a million years that all of this infrastructure exists to mine bitcoin. My car reads 98°F (what I expected based on forecast.) I imagine cooling systems will be as loud as one can expect on a day like today. And yes, it is loud.

Across the way, I see signs saying "Bitcoin sux" and "Bitcoin Noisehood". I take a lot of photos. I pull out "Sound Meter" and take measurements. It consistently reads 81-83dB, peaking at 88dB. Google says 85dB is the limit of safe hearing, and is comparable to the sound of a snowblower. This seems perfectly accurate to me. I'd be pissed if I lived across from this place.

I'll be in Granbury for the next hour or so, if anyone has a specific question about the mine I'll see if I can answer it. I took a lot of photos if there is interest.