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Proceed With Caution1


The CEO of Coinbase, a company that I am on the Board of, wrote a note to all of their customers on Friday. That note, which he also posted to his blog,  urged caution in the trading of crypto assets such as Bitcoin and Ethereum. This is a quote from that note: Over the course of this year we have invested significant resources to increase trading capacity on our platform and maintain availability of our service. We have increased the size of our support team by 640% and launched phone support in September. We have also invested heavily in our infrastructure and have increased the number of transactions we are processing during peak hours by over 40x. There may be downtime which can impact your ability to trade Despite the sizable and ongoing increases in our technical infrastructure and engineering staff, we wanted to remind customers that access to Coinbase services may become degraded or unavailable during times of significant volatility or volume. This could result in the inability to buy or sell for periods of time. Despite ongoing increases in our support capacity, our customer support response times may be delayed, especially for requests that do not involve immediate risks to customer account security.  The reality is that much of the infrastructure that has been built up over the past seven years to support the trading of crypto assets is struggling to handle the load that the recent excitement over Bitcoin and crypto in general has put on their systems. It reminds me of the days in the mid 90s when all of a sudden everyone wanted to get online and AOL could not handle the massive increase in dial-up customers who wanted to log onto the Internet. Of course eventually everything got sorted out and we have highly scaled systems that can support the roughly 3 billion people who “go online” every day. But that took some time to happen. I think we are going through a similar phase of growing pains with crypto/blockchain. And things will be messy for a while. So proceed with caution, don’t get too far out over your skis, don’t invest more than you can afford to lose, and be prudent. http://avc.com/2017/12/proceed-with-caution/

Proceed With Caution1


The CEO of Coinbase, a company that I am on the Board of, wrote a note to all of their customers on Friday. That note, which he also posted to his blog,  urged caution in the trading of crypto assets such as Bitcoin and Ethereum. This is a quote from that note: Over the course of this year we have invested significant resources to increase trading capacity on our platform and maintain availability of our service. We have increased the size of our support team by 640% and launched phone support in September. We have also invested heavily in our infrastructure and have increased the number of transactions we are processing during peak hours by over 40x. There may be downtime which can impact your ability to trade Despite the sizable and ongoing increases in our technical infrastructure and engineering staff, we wanted to remind customers that access to Coinbase services may become degraded or unavailable during times of significant volatility or volume. This could result in the inability to buy or sell for periods of time. Despite ongoing increases in our support capacity, our customer support response times may be delayed, especially for requests that do not involve immediate risks to customer account security.  The reality is that much of the infrastructure that has been built up over the past seven years to support the trading of crypto assets is struggling to handle the load that the recent excitement over Bitcoin and crypto in general has put on their systems. It reminds me of the days in the mid 90s when all of a sudden everyone wanted to get online and AOL could not handle the massive increase in dial-up customers who wanted to log onto the Internet. Of course eventually everything got sorted out and we have highly scaled systems that can support the roughly 3 billion people who “go online” every day. But that took some time to happen. I think we are going through a similar phase of growing pains with crypto/blockchain. And things will be messy for a while. So proceed with caution, don’t get too far out over your skis, don’t invest more than you can afford to lose, and be prudent. http://avc.com/2017/12/proceed-with-caution/

Proceed With Caution1


The CEO of Coinbase, a company that I am on the Board of, wrote a note to all of their customers on Friday. That note, which he also posted to his blog,  urged caution in the trading of crypto assets such as Bitcoin and Ethereum. This is a quote from that note: Over the course of this year we have invested significant resources to increase trading capacity on our platform and maintain availability of our service. We have increased the size of our support team by 640% and launched phone support in September. We have also invested heavily in our infrastructure and have increased the number of transactions we are processing during peak hours by over 40x. There may be downtime which can impact your ability to trade Despite the sizable and ongoing increases in our technical infrastructure and engineering staff, we wanted to remind customers that access to Coinbase services may become degraded or unavailable during times of significant volatility or volume. This could result in the inability to buy or sell for periods of time. Despite ongoing increases in our support capacity, our customer support response times may be delayed, especially for requests that do not involve immediate risks to customer account security.  The reality is that much of the infrastructure that has been built up over the past seven years to support the trading of crypto assets is struggling to handle the load that the recent excitement over Bitcoin and crypto in general has put on their systems. It reminds me of the days in the mid 90s when all of a sudden everyone wanted to get online and AOL could not handle the massive increase in dial-up customers who wanted to log onto the Internet. Of course eventually everything got sorted out and we have highly scaled systems that can support the roughly 3 billion people who “go online” every day. But that took some time to happen. I think we are going through a similar phase of growing pains with crypto/blockchain. And things will be messy for a while. So proceed with caution, don’t get too far out over your skis, don’t invest more than you can afford to lose, and be prudent. http://avc.com/2017/12/proceed-with-caution/

Having fun with it


Life delivers a mix of major and minor setbacks through the course of our journey. For most people, major setbacks happen once every few years while minor setbacks happen all the time. Major setbacks typically deal with the mortality of people dear to us, our health or difficulties in our relationships. For these kinds of setbacks, I think the fundamental choice we have on our hands is akin to the line from Timon in “The Lion King” – “You can either run from it… or learn from it.”  But, this post isn’t about major setbacks. It is about the many minor setbacks we deal with as part of our day-to-day. As I grow in my ability to separate stimulus and response and keep things in perspective, I realize there something incredibly powerful when you realize that you can choose to not just deal with setbacks but to have fun with them. I had a minor setback recently when I found myself stuck for a few hours. After a night of sleep, I went through the following internal dialog – “Okay, it is what it is. I can’t change the situation. It sucks.” (acceptance) “But, in the big scheme of things, it isn’t that bad and could be much worse. In fact, there are many positives.” (perspective) “Now, I’m going to have fun with it.” (response) And, have fun with it I did. For many years, I didn’t really understand the concept of “keeping good humor.” But, with a bit of perspective, I’ve realized that good humor isn’t far away. And, where there’s perspective and humor, there’s the ability to choose to have fun with it. And, so we should. Share this: Facebook Twitter LinkedIn Like this: Like Loading... Related https://alearningaday.com/2017/11/18/having-fun-with-it/

Cyber Monday 201711


The Oatmeal Cyber Monday Sale Use discount code CYBER25 and get 25% off your entire order Exploding Kittens - Party Pack Edition A new expanded version that supports up to ten players. It also plays party music, in case that's your thing. This product is not available on Amazon! Normally $30.00 HOLIDAY PRICE: $22.50 View Party Pack Source: http://theoatmeal.com/blog/black_friday2017