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🏕 I made $11,329 overnight

Alexander Cameron
Alexander Cameron
2 min read

Something weird happened to me last week.

I was locked out of my house, sitting in my Dad's car waiting for my girlfriend to let me in, when I received a strange text from a friend...

My first thought was, "I bought one of those domains a few weeks ago... wait a minute... CARLA LET ME IN NOW!!!"

As I was giving the play-by-play to my Dad, he just looked at me like I was speaking Latin or some other dead language.

Here's what happened (without getting too technical):

The Ethereum Name Service (ENS) protocol issues nonfungible tokens (NFTs) that double as Ethereum wallet addresses and web domains. My web 2.0 domain name is alexcameron.net, but my web 3.0 domain name is alexcameron.eth, if that makes sense.

ENS surprised everybody when they dropped their new governance token to domain holders, rewarding early adopters with a tidy five-figure payday.

This is the reality of the crypto space right now–I'm getting paid to learn.

But it's not all sunshine and rainbows. After seeing the tokens in my wallet, I immediately swapped most of them out for Ethereum at $32 to secure my dolla dolla bills. The next thing I know, I'm waking up to ENS tokens that are now worth $80, and I'm kicking myself for cashing out so early.

I can't complain about free money, though 😅

Anyway, this whole experience gave me something significant to reflect on:

Fast money is fun. There's no doubt about that. But if you're not careful, it can also wreck your mental health.

I'm going to keep playing in crypto because I find it fascinating. With my ambitions of publishing fantasy novels, I'm especially interested in the NFT space–how it will disrupt the publishing industry and how creators get paid for their work.

BUT I'm also going to focus a helluva lot more on building my freelance writing business instead of dumping all my money into crypto and praying I become a degen millionaire (I won't complain if that happens, though).

Betting on yourself seems like a more sane approach.

Have a great week, frens!

AC


Tasty Quote

"When you've thought of everything you should, and done everything you need to, then let whatever happens happen. There's nothing more anyone can do, you know? Don't psych yourselves out."

Liu Cixin, The Dark Forest (Book Two of the Remembrance of Earth's Past trilogy)


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