28 September 2021, Somewhere in the Metaverse - UplandDood (@Just1Dood)

This will be a short article as an introduction to my own Prospecting experience.

Prospecting 101: Back Then

Back in the olden days, from what I learn on television shows, to be a prospector, you need to go to the Wild Wild West.

No, you can't fly there. Wilbur and Orville hadn't drawn, build, tested their motor-operated airplane yet. You can get there by walking, following a caravan, riding a horse. I think trains too cause it was during that time that there were train robberies. Didn't you see that in movies?

Once there, you go to a hardware store, get your prospecting tools such as shovels, dynamites (?), pickaxe, ropes (to tie up thieves), guns with lots of ammo, knives, machetes, cooking utensils, matches, water bottles, tents, sleeping bags...and, oh yeah, lots of beans. Why? Cause in all those gold rush movies I watch, they all eat lots of beans.

If you own a hardware store, you'd have done yourself well. And if you have owned a saloon, you'd have done very, very well. Make sure you have good bouncers and a few of the fastest guns in the west to keep a good eye on your place. One more thing, make sure you and the carpenter are good buddies. You'll need him to fix the damages to your saloon after the weekly brawl.

Prospecting 101: Now

Today, prospecting is very different. No need to fly anywhere. Don't need to worry about looking for a caravan or horses to take you there. Don't even need to take the train. You just need a tough butt cause you'll be sitting in front of the computer for hours.

Hardware store? No need to go there. However, you may need good hardware depending on what you want to prospect. Top specifications computer hardware.

In this gold rush, if you run a platform, it's as good as owning a hardware store and a saloon combined. You make money off the prospectors without taking the risks that the prospectors take. Your risk is that no prospectors would want to come into your hardware store (i.e. use your platform). Then again, the risk is minimal if you do it right. Many get the prospectors to pay upfront so that you will have enough to build their store or saloon and stock it to the brim to sell to the same prospectors who'd invested in your store.

As a prospector, we need to be careful. There are those unscrupulous so-called potential saloon owners with their marketing savvy gobbledegook to entice unsuspecting prospectors out of their hard-earned money. Both Newbie & veteran prospectors must be vigilant in this new Wild West. No one is immune from attractive marketing pitches and professional scammers. That's why you constantly hear DYOR. In case you were wondering, that's not a type of liquor they serve in the new saloon.

What to prospect

In this new frontier, there are basically two areas to prospect. Coins & NFTs.

I will not go into details in this article as it serves as an introduction. I will go into more detail about what I Prospect in a future article. This will likely be after the usual monthly report and monthly goal articles, which means later in the first week of October at the earliest.

Another reason is that I'm currently developing a slight headache from all my prospecting research. Best for me to stop writing here and go back to more research. LOL. Till then, stay safe, my friends.

Thank you for reading.

Sources:

Image by Peter Hauschild from Pixabay 

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