The Flarnchain Newsletter | Flarnchain - Newsletter #147

Hey everyone! Welcome back to this week's edition of the Flarnchain newsletter, brought to your inbox each and every week (hopefully), like an atomic clock. This week marks the 147th week of flarnchain newsletters, and whether you are new or old, happy to have you here!

This week I'm not going to talk much about anything, as I just need to get some sleep. I've been working very hard, toiling away in the fiat mines during the days, and also working very hard learning about functional programming languages in the evening times.

Status Update on Learning to Code

I have an alert on my phone that goes off every night at 10:30pm to study for the class I'm in called "Programming Languages: Part A", which is a 5 week class through the University of Washington. It is a course on functional programming languages, specifically the ancient programming language Standard ML of New Jersey, which looks a bit like this:

the keyword `fun` declares a function and `fn` declares an anonymous function

Anyways. I'm not particularly enjoying the course, as it is moving at break-neck speed. I'm cramming a whole lot of concepts into my puny brain at a pace that is way too fast to keep up. Thankfully, I'll be done with this class in only 2 short weeks.

Hopefully the next class "Programming Languages: Part B" is less intense. I doubt it.

Weekly Chart

Now where was I? Oh right. This is a newsletter. Here's this week's weekly chart:

Markets took a breather last week, but it looks like we are on the cusp of another big impulse.

Looks like Bitcoin took a breather for 1 week, and then kicked things back into high gear breaking above $38k again tonight. ETH is still chilling a bit, resting around the $2k support level, and Cosmos Hub had a very interesting week last week, where a major governance proposal resulted in the reduction of ATOM emissions to be capped at 10% of total supply per year. This caused one of the co-founders of the Cosmos Hub to declare mutiny, and begin the process of "forking" the chain. A "fork" is when a copy is made, that retains all of the past history and paves a new path forward, similar to a fork in the road, not a like a fork that you eat with 🚫🚫🍴🍴.

Forks are cool because usually people who hold the original coin, also get the forked coin. If the crypto-asset that was forked maintains it's dominance, then basically the holder of the original coin gets a bunch of free money. Hopefully you readers (if you hold ATOM) and I get some of this newly forked coin.

Market Animal

This market is currently a bull market. Last week was an anomaly because of Thanksgiving. We are back to a bull market. Because the market took a breather, the streak of 5 bulls was broken. This week we get a lowly bull... I like this drawing I made a couple months ago of a bull smoking a cigarette, so I'm going to recycle it tonight: