Caring for Aging Parents and the Challenges of the Healthcare System
TheyCallMeDan opens by discussing the difficult experience of caring for his aging mother over the past six weeks. His mother has been moved from a skilled nursing facility to a hospice center, as her health has declined to the point where the hope of her regaining strength and recovering is slim.
To ensure his mother is not left alone during this time, TheyCallMeDan went to great lengths to secure a private condo with 24/7 nursing care, at a cost of nearly $7,000 per month. He was determined not to allow his mother to spend her final days alone, as he sees that as the "ultimate disrespect" to his family. TheyCallMeDan laments the exorbitant costs of elder care in the U.S., noting that many facilities charge $16,000 per month, draining people's savings. He believes the quality of care is often lacking at facilities that accept government assistance like Medicare, as there is less incentive to provide high-quality service.
Balancing Priorities and Taking Breaks
After returning from caring for his mother, TheyCallMeDan acknowledges the need to take breaks and reallocate focus, even when trying to maintain consistency. He views focus as a "laser beam" that should be narrowed to one or a few key priorities, rather than scattered across many things at once. TheyCallMeDan says he has learned the importance of knowing when to cool your engine and take a step back, in order to be more effective in the long run.
Crypto Investment Advice: Avoid Chasing "Shiny Objects"
Drawing on his experience as a crypto investor through the 2017 bull market, TheyCallMeDan cautions against chasing "shiny objects" or "fool's gold" in the crypto space. He explains that many people lost money in 2017 by jumping into projects they didn't fully understand, simply because the prices were rising rapidly. Instead, TheyCallMeDan advocates for patience, thorough research, and sticking to a focused portfolio of projects with strong fundamentals, like Bitcoin, Ethereum, and Hive.
The Future of Hive and 3Speak
Looking ahead, TheyCallMeDan expresses excitement about the future development of the Hive blockchain, particularly in regards to the implementation of Smart Media Tokens (SMTs). He believes tokenized communities will be a major use case for crypto, and is working on integrating this functionality into the 3Speak platform. TheyCallMeDan also discusses potential improvements to Hive's reward system, such as a flat curation rate and limiting daily voting to reduce gaming of the system.
Overall, this episode covers TheyCallMeDan's personal experiences, investment philosophies, and vision for the future of the Hive ecosystem and his own projects. The host provides valuable insights for both personal and professional audiences.
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