The way we pay for goods and services has evolved over the last few years with the advent of digital crypto-currencies like Bitcoin. The technology these digital currencies are based on has been the source of revolution in a multitude of industries; advertisements, medical record keeping, and business asset tracking just to name a few. This technology, known as a distributed ledger, is in its infancy with huge potential to grow. As-of 2017 companies like IBM, Microsoft, and JP-Morgan have invested heavily in the distributed ledgers technologies, demonstrating the strength of the technology, and signaling a paradigm shift in how we hold and exchange digital assets.
There are a myriad of articles online that describe the distributed ledger and the entirety of blockchain technology. For more information on the blockchain its self see:
From a developer aspect I think that this technology presents a series of wonderful outlets for creative programming. From an investors perspective this new technology offers awesome potential. Like with traditional stocks, these different blockchain technology's digital assets can be traded on exchanges. The caveat with these holdings is that traditional investment strategies in use on the stock market are mostly made moot due to the volatile nature of prices, in-addition to the fundamental difference between what a stock represents and what the blockchain's digital assets represent.
Once I realized that there is money to be made I started contemplating ways I could put my technical skills to work. As it turns out, you can assist various distributed ledgers through a process called ‘mining.’ Mining is the act of offering computational power to help add onto these digital ledgers, enabling the safe and continuous use of their different services. Mining for these different ledgers yields units of their digital currency that can be directly converted to USD. Some say that it is a tad late to begin mining, as the return on investment (ROI) is longer than its been in a few years. This is hogwash. Calculating price of electricity (0.09c/kWh) and hardware (~3k per miner), most ROI on the top currencies is about 12-14 months.
In-addition to mining I've decided to start investing and wagering money on up-and-coming distributed ledgers based on their backers and technical problems they aim to solve.
For the sake of separating my personal assets from this risky game of investing, I've started Digital Hills, LLC. Thus far I have invested in Digital Hills a small amount of Bitcoin and Ethereum Homestead (Totaling around 2k USD) that will serve as a means to generate income on trading and holding key digital currencies. I might fail outright, but I expect to succeed. Digital Hills has been active since August 25th 2017 and has already seen a noticeable growth in assets (digital currencies are labeled as assets by the IRS.) In the future I intend to expand Digital Hills to encompass software ideas I have relating to distributed ledgers' implementation in different markets. My hope is to one day use Digital Hills to slingshot my programming experience and enter a healthy new job market while seeing meaty returns on investments.
No matter the state of affairs, I will be blogging my progress here.