This is a new weekly series where I send out some long reads that I've enjoyed over the past few days. You can see previous posts here.
Let's get into it...
Around half the UK labour force is currently working from home. The link above is to a recent survey of employees, conducted in March and April 2021. It focuses on four age brackets, with the participants earning more than £10,000 per year, screening out part-time workers. Spoiler: results suggest that spending two to three days a week at home is the most common expected working pattern after the pandemic.
I'm not sure how I stumbled upon this... it's quite an old essay from HBR. But still having read through it, I think it's a good refresher on how to make measured progress in any topic or domain that you want to apply yourself too. And in summary: there are no shortcuts! From the authors:
The journey to truly superior performance is neither for the faint of heart nor for the impatient. The development of genuine expertise requires struggle, sacrifice, and honest, often painful self-assessment. There are no shortcuts. It will take you at least a decade to achieve expertise, and you will need to invest that time wisely, by engaging in “deliberate” practice—practice that focuses on tasks beyond your current level of competence and comfort. You will need a well-informed coach not only to guide you through deliberate practice but also to help you learn how to coach yourself. Above all, if you want to achieve top performance as a manager and a leader, you’ve got to forget the folklore about genius that makes many people think they cannot take a scientific approach to developing expertise.
Ethereum, the second most capitalised cryptocurrency has been busy working on, and testing, a Proof-of-Stake evolution from the original Proof-of-Work. The initial results are promising – Ethereum will use at least ~99.95% less energy post merge.
Digiconomist estimates that Ethereum miners currently consume 44.49 TWh per year which works out to 5.13 gigawatt on a continuing basis. This means that PoS is ~2000x more energy efficient based on the conservative estimates above, which reflects a reduction of at least 99.95% in total energy use. While Ethereum continues to use PoW for now, that won’t be the case for much longer.
In the past few weeks, we have seen the emergence of the first testnets for The Merge, the name given to the moment Ethereum switches to from PoW to PoS. Several teams of engineers are working overtime to ensure that The Merge arrives as soon as possible, and without compromising on safety. Scaling solutions (such as rollups and sharding) will help further decrease the energy consumed per-transaction by leveraging economies of scale.
I'm not sure who still needs to here this, but you should be prioritising your health, over and above mostly everything. And yes, that means trying to impress your boss or putting in too many hours at work. You need to be up front about what can be accomplished in the time allocated.
Long working hours are killing hundreds of thousands of people a year, according to the World Health Organization (WHO). The first global study of its kind showed 745,000 people died in 2016 from stroke and heart disease due to long hours. The research found that working 55 hours or more a week was associated with a 35% higher risk of stroke and a 17% higher risk of dying from heart disease, compared with a working week of 35 to 40 hours.
We’re all playing a Great Online Game. How well we play determines the rewards we get, online and offline. The Great Online Game is played concurrently by billions of people, online, as themselves, with real-world consequences.
Some more interesting reads:
Podcasts that I'm listening to
Tweets that got me thinking
That's it for this week, tweet me if you enjoyed or if you have any recommendations for next week!
Every Sunday I send out a newsletter. My aim is to inspire you, make you smile and leave you having learned something.