I began my career with Cryptocurrency and Blockchain technology by accident. I was hired as a DevOps Engineer to spin up a few Virtual Private Servers (VPS) machines for a client and install some server software called Masternode software in mid-2016.
I was called by a friend in Dallas to help a client in Alaska that had a lot of Crypto and trading knowledge but didn't have the DevOps chops to spin up Masternode Servers.
I knew about Bitcoin and had mined Bitcoin for fun on old computers which I later sold in Garage sales years after, but Bitcoin just wasn't on my radar.
Then my client started making money ... a lot of money ... Everything we tried ... worked. What are Masternodes? I asked myself.
The chart at the top of the article is from May of 2016 to March of 2018. The pump was impressive, but it really was much more than that.
We focused on coins that where in the likely position of "Pumping" ... We didn't focus on quality, token economics, token utility or "The Team" and had no idea what a "Dump" would look like or feel like ... we just wanted to know where in the typical "Cycle" the Masternode coin was at the moment.
Was it about to "Pump"?
Was the community was buying? Was it early in the life cycle or had the coin, "Had it's run ..." and was there likely to be adequate liquidity for an exit when we needed it on an exchange that wasn't likely to exit scam.
That formula made sense and made money ... Then 2017 hit ... OMG !!!
I don't remember when it was ... Probably around July of 2017 ... that we knew something very special was happening. I got a few more clients and started hanging out in Discord, Reddit, Twitter and other places to find these projects closer and closer to ... The Genesis Block.
I didn't really get the entirety of the community and what Crypto was really all about until I started finding YouTube videos from Andreas M. Antonopoulos, The Dollar Vigilante, Jeff Berwick, The Crypto Lark, IvanOnTech and CryptoBeadles.
Falling down those rabbit holes lead to an entirely different world of Description Libertarianism and Austrian Economics ... and of course, Bitcoin ... and from ancient history, Dr. David Chaum and eCash. Look it up.
Bottom line, we found something that made money, but it didn't last.
The picture at the masthead is a linear chart, but look at this same chart on a logarithmic scale.
It's the same chart May of 2016 to March of 2018 ... but in a logarithmic scale and it's mind blowing ... it went straight up. There was no pause, nothing significant ... Mind Blowing.
No asset has ever done that over an almost two year period ... EVER.
I intend to focus on Masternodes and Proof-of-Stake (PoS) advances as PoS is being added or is talked about being added to numerous High Profile projects, such as the second largest Market Cap coin, Ethereum (ETH).
In addition to Ethereum, which has PoS on it's roadmap, Many high profile Crypto projects start with the premise that PoS is better.
The list is long of PoS coins that are not switching, but began their lives as PoS believers. Cardano with the native coin (ADA), Tezos with the native coin (XTZ) and let's not forget the first Masternode governance coin Dash with the native coin (DASH).
I hope to cover passive income projects in Crypto, Masternodes, Proof-of-Stake and all manner of projects that can generate profit ... That's why I'm here? How about you?
Please find me at MasternodeConsulting.com, on Twitter and here on Read.Cash and like we say about voting in Chicago, tip early and tip often.
Yours in Crypto,
Joe Terry, The Bitcoin Doctor