Back to the office today, most of the day spent in meetings. Nothing productive a lot of time spent on the process of reserving desks and how to book alternating Fridays in our desk reservation system.
Also we spent quite a bit of time on how to fill out telecommuting forms so that they are not rejected. Yeah the amount of silly stuff going on is amazing.
The interesting stuff that did happen today is we talked about AI application development, some of our solution architects are feeling that no developers are going to be coding anything in six months from now!
That is actually a very amazing perspective. This is probably related to the recent layoffs at Amazon, who just announced 16,000 layoffs on top of 14,000 layoffs not that long ago.
The world of software development is really changing turning software developers into AI spec writers. It is becoming more about telling AI what to create and not about programming.
I wonder if people over sixty years old in software engineering will be able to adjust or will choose to retire instead. We definitely had a spike in retirements recently, which I think is driven by return to the office.
Crypto market keeps dropping with Bitcoin loosing around six percent per day and Etherium and Solana down around ten percent per day in the last couple days.
Hive is down to 7.7 cents which is a very low level compared to a year ago when it was around thirty cents. It is hard to believe that on January 6th last year Hive was at sixty-five cents, which is almost ten times what it is worth now.
The sentiment around crypto is so bad that it is almost inevitable that we are going to have a major bottom in Bitcoin and altcoins in the near future. I am accumulating Bitcoin and BSOL ETF shares in my retirement account.
The prices are unbelievable. Take a look at the fifty two week range, this ETF is less than a year old and right now you can buy it at less than half price from the top:
I think that some day in a not too distant future these prices are going to seem really good. The key here is not to jump all at once, but to spread my buying over the next few months. I am planning to buy at each ten percent down or so for Solana and at each seven percent down for Bitcoin.
I am usually too early to start buying and too early to start selling. So this might still be too early to buy, but I am underweight in Solana and Bitcoin and am going to start correcting it in a systematic fashion. Here is a chart of the BSOL ETF since it started trading last October:
Splinterlands SPS token has held up much better than Bitcoin, Etherium, Hive or Solana in the last three months, but it is also feeling the downward pressure despite Escalation mini set presale starting in about five days.
The Splinterlands season is going well for me so far and I am tied rating wise with the second place on the Modern Diamond Leader board.
I know that there are still around ten days to go in the current Splinterlands season so positions can still change a lot, but this is a much better start than I would have expected.
As far as steps I did really well today as I always do when I go to our office in Seattle.
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