Musings: Hello World!

My thoughts often flow like calm streams but sometimes they comes as short bursts of inspiration. From cryptos, NFTs and DAOs to politics and poetry, this is the beginning of my musings.

Anyone who has ever dabbled in coding regardless of the programming language they chose will very likely have come across the popular introductory program used to teach the most basic syntax of a programming language. Usually, a "Hello, world!" program simply displays the message "Hello, world!" on screen and is an age-long way of welcoming newbies into the world of computer programming.

If you're thinking this article is about computer programming, you are partially but not completely correct as it is just a way to introduce myself and give a very short version of my backstory and journey into the cryptoverse. Hence, the “Hello world!” title.

In the fast-paced world of cryptos where a month can feel like a year, I like to think of myself as a crypto OG because I first came into contact with Bitcoin around 2015 and created my first wallet on Blockchain.info (now Blockchain.com) in 2016. As I remember it, my first two transactions were Bitcoin sent to my wallet from a Bitcoin faucet that dispensed free Bitcoin (can you imagine?). I had been playing with the faucet for a while so I had accumulated some microbits of BTC. First was 100,000 bits and the second was 300,000 bits. The price of Bitcoin was less than $500 then so, it was only worth a few dollars.

In case you are wondering, a "bit" or microbitcoin is one-millionth of a Bitcoin, or 0.000001BTC.

After these first baby steps, I created an account on Localbitcoins.com so I could buy BTC in trustless P2P transactions as getting Bitcoin then was quite complicated because there were just a couple of companies accepting card payments for Bitcoin while others took weeks to verify payments made via international bank transfer. We didn't have on-ramps everywhere like these days and it was much worse in my country, Nigeria because crypto was just a side topic discussed in nerd circles like those I belonged to as a coder.

Localbitcoins.com made it easier to get access to Bitcoin so I proceeded to become an amateur trader. I soon noticed a big gap in the price Nigerians were paying for BTC and the price some brokers were selling in the UK, so I sent money to a relative who lived in the UK to help me buy some which I then sold for considerable profits. This was how I discovered arbitrage trading and I enjoyed the gains for a while.

I later sold off all my BTC around the middle of 2017 when Bitcoin was hitting new ATHs. At the time, I thought I got a good bargain but I regretted selling early when the price continued to moon. I kept waiting for a pull back to buy back in but the bulls kept charging and it didn't come until it reached about $20,000 in December of that year before crashing back to $6000 some weeks later.

I bought some Bitcoin, Ethereum, and other alt coins in mid 2018 and went back to trading for about 2 years but kept getting rekt on leveraged trading until I decided I was done, so when DeFi Summer came in 2020, I watched from the sidelines. Even the halving pump later that year wasn't enough to convince me until the bull run was in full swing and I FOMOed back into crypto in January 2021. It was a good year for crypto in general and I also joined the NFT bandwagon.

Since then I have experimented with and tried almost everything in crypto, from defi (liquidity mining and yield farming) and play to earn protocols to Layer 2 solutions and various aspects of web3.

Finally, I started losing interest in crypto price speculation towards the end of 2021 and became more interested in long-term hodling and the tech side of things. So, I slowly began my journey down the rabbit hole, seeking knowledge, reading whitepapers, and exploring new use cases for NFTs amongst other things.

The latest is that I’m currently studying decentralized autonomous organisations (DAOs) and I am really excited about what I've learnt so far. While the concept is intriguing and the tech stack keeps getting better, the most attractive thing about DAOs is the endless possibilities of what can be built!

Right now, I'm experimenting with some disruptive ideas and how everyday things I'm involved in could become better as DAOs. Also, I'm exploring how to draft whitepapers and design tokenomics because when I look around me, I see lots of ways we can make the world a better place using blockchain technology, cryptocurrencies and DAOs. This is even more expedient at the moment since the industry is experiencing a bear market and distractions are minimal, so its a great time to hunker down and build.

I know we are only just getting started and it's still early days. There are tons of use cases we haven't even discovered yet and blockchain technology itself still needs time to mature before entering prime time. I hope and plan to be at the frontlines of that march into the glorious future but will try to remind myself to stick my head out of the rabbit hole every now and then for a breather.

Apart from my secret life as a crypto enthusiast, I am an entrepreneur, software engineer and politician who also likes to think he can write poetry (hahaha), and I will be documenting my random musings on this platform for posterity. Most of my writings will revolve around politics, cryptos, DAOs and coding, with a smattering of amateur poetry. I believe it will be an interesting journey and I invite you to join me as I dive further down the rabbit hole of innovation and discovery.

Live, learn and become!