Turning the Corner

It's a new dawn, it's a new day

It has been two years, four months, and one week since my last post. Lets assess…

I came through the Terra collapse in decent shape financially, in spite of having six figures frozen in Mirror Protocol. The peg arbitrage was a once-in-a-lifetime lucrative opportunity. Still, it took a lot out of me emotionally, so I took the summer off. Then as fall came, I started to reposition, taking advantage of lows in various markets, and ran smack into the FTX collapse. OUCH!

I never used FTX, for the same reasons I never used MtGox back in the day. Some lessons we keep relearning? Or we face the same lessons again and again until we finally learn them.

Minor financial impact here, but then I positioned badly and overexposed myself to second rate NFT projections, instead of sticking to core bitcoin positions. I had an elegant system of assessing each position’s quality and allocating accordingly, and I violated it because I found a project I liked and wanted to be a ‘whale’. Never mix personal motivations with trading decisions? But in crypto it’s all mixed. Nothing is quite anonymous if you have enough size to be noticed.

Still, it felt like things were going well and I didn’t have to write. But actually it was burnout. I was burned out on crypto. I went too hard, too fast. Investing, trading, writing, still running projects on Hive and Steem blockchains. So I took more time off, assessing my life, enjoying time with my family, traveling.

The more time I took off, the harder it was to get back in. Crypto moves fast. I didn’t feel like I was up to speed, and without being up to speed, I didn’t feel like I had anything to say. Finally I realized I wanted to move on. Be a follower, dabble my toes in the water, focus on core positions like I did from 2012 until 2018, but otherwise remain disengaged.

But what of this newsletter? Pinned to the crossroads of crypto and finance, let it die?

As I found new enthusiasms and rediscovered old enthusiasms, my voice came back. I found that I have things to say, but they do not fit at the crossroads of crypto and finance. So I held my tongue. I had niched myself, and in leaving the niche, effectively silenced myself.

I am not okay with that.

As I find time and interest, I will update the branding for this newsletter. It will still be Savage Corner, but it’s not the corner of finance and crypto. It’s a corner in my mental space - a corner where there are polymaths, a corner where we can talk about whatever we want.

Welcome to my world. Stay if you like, leave if you want. I won’t be offended. I might not even look.