Think Rockefeller

We the new Rockefellers!

ROC nation!

So I guess Jay was really onto something; numbers don’t lie check the scoreboard! And also thinking about building his own Rockefeller ROCAFELLER Rocawear brand. I’m also sure that Michael Saylor is the new Rockefeller for this century and beyond. 

Oil

Oil standard oil. Rockerfeller is stupid rich, became stupid dumb rich because he sent you bought up all the oil, oil companies, oil refineries etc., consolidated them all under his own company, even at Brown University in Providence, the main library is called the rock, Named after Rockefeller I think either donated the money to build the library or something?

Anyways, what is more important than money? Capital.

I think what a lot of people don’t understand is the logic of capital. A lot of people get stuck in this whole money idea, like Fiat currency.

So for example, I’ve essentially made a small fortune already on bitcoin and microstrategy stock, MSTR, bitcoin and like, and I’m not really gonna be shocked when my net worth hits 100 M, 250 M, maybe even 1.1 billion in my lifetime. But still most likely, I’m going to drive the same old Prius, maybe I’ll matte black it, I actually had a vision of Matt like it kind of making it look like a BMW M3 in the front, with the bright yellow headlights. Like imagine the Prius, competition edition.

Anyways, rappers are dead, we new BITCOINERS, we the new rockstars!

Why?

So once again, it feels like the early days of the Internet. Do you remember the early days of AOL, AWOL 3.0, when they would mail you these free CDs with like 1000 hours of free Internet? And the mad scramble for the Internet, like Alta Vista net zero, yahoo and the like.

The Google of internet capital

My personal thought is do you remember when Google first emerged, and everyone was a bit confused by it, a little Rinky dinky search engine with nothing but the Google logo, a small search box in engine? And suddenly it takes over the planet?

What I find very very bizarre is all these Google employees… They should get it… Why aren’t they buying bitcoin?

What is hilarious is that innovation that got Google to where it is today… The paradox of the innovators dilemma; Google is like the new Microsoft, no more innovation here. Rather, a mad scramble to inject advertisements into every single part of your existence. Even for example, I’m starting to really hate Google and YouTube; Too many advertisements, too much spam, I hate Google. 

In fact I have not used Google search for almost like six months, I just use ChatGPT now, ChatGPT search. ChatGPT is a bit problematic too, but not as bad as Google.

The bitcoin imperative

So once again, if you discovered clean fresh water, and everybody else is drinking sewer water, wouldn’t you do everything in your power to tell your friends your family everybody you know about clean water? And to get them to stop drinking sewer water? Obviously! But what if you’ll hurt their feelings or make them feel uncomfortable? Well I guess you don’t really care about them, you could let them just die of dysentery.

The new Oregon Trail

So once again, everyone is on this Oregon Trail video game, and sooner or later everyone dies of dysentery. And I still will never forget playing Oregon Trail in computer class in Bayside Queens, PS 169, and spending all my money on bullets to just shoot the auction in the squirrels, only need to die of dysentery.

Anyways, I think we’re almost living our new modern day version of the Oregon Trail, and we are starting to get distracted by things like media the Internet social media iPhones etc.… We are all slowly dying of metaphorical dysentery.

In the Oregon Trail, you have the option to purchase medicine. But medicine seems a bit boring to buy when you could buy bullets instead!

But once again in the video game, when you least expected in your troop gets sick, and you no longer have any money because you spent it all on blitz… Who are you going to blame?

Of course it is a video game, real life is different. But everything is often just a metaphor for real life.

4+ years in the game

So technically I’ve been in the bitcoin game since 2017, 2018. When I was living off the grid in Vietnam, in Saigon, I still remember going to my favorite coffee shop, reading zero hedge, and learning about bitcoin, and I still remember the guy who said that he was so certain that bitcoin was gonna go from $300 a bitcoin to 600 bitcoin to 1000 bitcoin, and if he was wrong he would eat his balls live on television.

I first learned about fiat currency then, when I had more time to think and consider and just philosophize about money. I sent you learned that all money was fake, but at the time I did not yet have a strong need or urge or reason to buy bitcoin then because I was already retired at the age of 26, 28. Living for rent was only $320 a month in Vietnam, essentially I knew and learned that I would never run out of money.

Anyways, fast-forward a bit, now living in LA, obviously the cost of living is far higher. So more recently I kind of had more of a need to know and learn.

if you don’t need it you won’t act

 Most people who are financially already doing well and comfortable, they don’t really have a need to know. For example if you already have a bunch of Tesla stock, real estate or whatever… Then the truth is you don’t really have a strong need to know about bitcoin. Because you don’t really need it in the sense that you’re probably gonna be just fine with your traditional stocks, your Tesla stock your Nvidia stock your real estate whatever.

I think a lot of people are starting to wake up now, especially millennials, Gen Z, and “zillenials” (Soren Zhane told me)

 anyways, I don’t know a single human being on the planet who does not seek some sort of financial independence and or security. Certainly everyone has a different reason but the general guiding principle is that everybody wants freedom for one reason or another. For example, some people just don’t want to work no more, which is 100% almost everybody?

I don’t know any single tech worker who actually wants to be there; there are simply stuck because they are stuck into some sort of stock option plan, or because they have an expensive mortgage, or because they got like their four children in private school whatever.

Or it seems that a lot of people in my friends that I know or around my age born in 1988, plus or minus 4 years, like people who are either 32, 34, 36, 40, 42 years old… Once again, everyone wants independent and wants to retire right now! And it seems that everyone’s plan is trying to securitize some sort of  fixed income strategy, like let us say that your living expenses are like seven to $8000 a month, to have some sort of “passive income“, just sustain your cost-of-living. 

So in terms of fixed income strategies, I think it’s actually super simple, just leverage microstrategy stock! The mantra is don’t sell your bitcoin, but, it is 100% fine to sell your microstrategy stock!

So let us say that you have $1 million of stock, or cash or whatever… It is super super simple: just put 100% at that micro strategy style, and once, every month, end of month, when it is time to pay your rent or whatever, just sell a small portion to pay your rent, if it’s like $3200 a month or something. And then, you just ride the gains forever, and essentially your microstrategy stock will be the cash cow for the rest of your life. 

Why don’t people like simple solutions?

I think somebody is trying to sell you some sort of complicated product. Like all these fake ass money investors, none of which or whom we’re actually successful, they will sell you some sort of strange financial product which is mixed between a bunch of these other fake investments, Stocks bonds ETF’s whatever, and actually… My funny thought is there might be some sort of inherent dangers in diversification. 

For example, let us say that you have cash money. Do you diversify your cash holdings from US dollars to the Nigerian currency, to the Venezuela currency, to North Korean currency, to the Japanese yen, to the Korean Won, to the Boliviar, the British pound, to the Lebanese lira, etc.?

Or, if you’re building a skyscraper, do you diversify the steel into balsa wood and copper? 

Or, let us say that you have a smart phone, most smart people that I know will just own the iPhone, you want to diversify by owning an android phone, a Huawei phone, a Samsung phone, and the like.

Why bitcoin makes sense for Americans

Once again, at this point if you’re an American, almost universally 100% of Americans own an iPhone, even at this point poor people they all own an iPhone Pro.

So the reason why bitcoin makes sense is that my general sense is that bitcoin is like all American. And certainly the ethos behind bitcoin, a lot of the early cyber hackers, California tech utopists, Hal Finney etc, certainly there is kind of like the cyberpunk, Blade Runner, ghost in the shell vibes here… The early days of bitcoin and crypto is certainly kind of like tech anarchists,,, nobody likes the banks. I don’t even think the bankers like the banks!

---

Nobody is evil

So there’s all these weird theories conspiracy theories whatever, but all these super evil people running the world etc. but this is false. Everybody is too stupid to run the world and be evil.

For example, no no no it is not George Soros, Elizabeth Warren, Hillary Clinton Bill Gates trying to put 5G chips inside your brain, to sell you vegan meat. No or is it the Jewish conspiracy theory about the media Israel whatever. Everyone is inept. 

Even Kim Jang Hoon, who is like what, 300 pounds at like 5 foot four, maybe 80% body fat, borderline about to have a heart attack, still hooked on like thousands of bottles of fine foreign whiskey, as well as having a glass full of like 1000 armored Maybach cars?

Media has no face

I’m kind of starting to read the principles of economics by Saifedean, and one of the useful ideas is that everyone is like an individual agent, and moves in the best of his or her interest. Everyone is rational in this sense; even people that you think are irrational, rather than trying to seek how they are so dumb compared to you, I think it is actually much more compassionate and wise to try to seek to understand why they think we act this way. Seeking understanding, seeking to understand them is more interesting and important than trying to change them to thinking and become you.

“How dare you not be me!”

In fact in the world where we’re trying to seek distinction, isn’t the actual goal to not to want other people to be like you?

Also funny thought is that everyone is seeking some sort of superiority, but once again, we’re all buying into the same standard media narratives?

Unplug yourself

all media is bad, and yes this involves Twitter, X, and the Joe Rogan podcast.

I think the difficult thing here is that everybody is kind of correct, but at the same time, everyone is a bit strange and bizarre.

the matrix

So where I think that the matrix is really really insanely great film is that it is all about reality, fake reality and the metaphor in between.

And this is actually a funny thing that I learned; the truth and reality is not really the goal.

For example, I think Joe Rogan has uncovered how politics really works, and it is very dirty, and very strange and bizarre. For example I’m recently listening to some of the Marc Andreesen and Joe Rogan podcast in the whole idea of debanking, when Kanye said it everyone thought he was crazy, but when Marc Andreesen says it, everyone listens. 

Anyways, the truth is a bit distracting. And yeah yeah yeah let us say that there are aliens or extraterrestrial beings or whatever… Even if that were true I don’t think it really matters. To me matters more is like our health our physiology our minds, our philosophies, our families, our spouses and kids, our future etc.

The next big big big big thing is already here, it is bitcoin.

 so I room is waiting for the next iPhone the next new Tesla car or whatever, the next hugely innovative product which will totally change and transform our lies. Yet don’t people understand that it is already here, that it has already been here for a minute, bitcoin!

I think the reason why bitcoin is hard to understand, even for us take forward millennials is that it is not a tangible product like having a self driving car or a cyber truck etc. Or like having the newest iPhone Pro.

Certainly there is a human bias for tangible things tools and assets, yet I think in reality, a better way to think about it is towards intangibles.

For example, even modern day banking and money it is all already intangible. For example the US dollars in your bank account, ones and zeros, it is already technically all cyber and digital. Even the modern day banking swift system, it is kind of all predicated on computers and data.

For example what is the true hard money out there? It is capital, like capital and real estate, stocks, the S&P index etc., yet what is it backed by? Gold? No. we got off the gold standard a very long time ago. It is based more on mutual understanding trust and the like.

Even the markets, the markets are a beast, an ultra mega beast, nobody can understand it, but yet we all seek it and strive to understand it.

Forever gains

Once again if we think about digital metaphors digital analogies etc., this is very useful because in a physic space perspective, nothing can grow forever. For example, no man despite all of the steroids on the planet could be become a 900 pound muscular man with a six pack.

Also, we could build maybe a 200 story skyscraper, but probably not 100,000 story skyscraper. Not even with all the steel on the planet.

Yet with bitcoin, cyber real estate, cyber capital, this changes the game.

 for example, I live next to one of the main campuses in Culver City, 8777 Washington. They bought out this huge pit, and they are building a mega campus for Apple TV there, and they have been working on it for like over a year already. They have made very good progress but still… If you’re dealing in the realm of physics, even if they suddenly injected $1 trillion into it, you cannot build it overnight. Even if you took all the capital on the planet to build up that plot of land, it would probably take at least maybe, a few months at best.

But with bitcoin and cyber real estate and digital capital, you can!

For example, with bitcoin you could build $1 billion digital skyscraper in an hour or a day. Even the best skyscraper in the physical realm might take five years.

Accelerating the cycle

So the free money hack I’ve discovered is quite simple: buy and hold micro strategy MSTR stock, write it up, and when it is up, sell some stock, and funnel that money back into bitcoin.

I call it like double profits, double profit double dipping.

Kind of insane, I’ve seen and taken an initial investment around $300,000 and turned it into close to around $900,000. In the strategy was simple, just 100% putting everything into micro strategy MSTR stock. It’s insane it’s like almost a 3X gain, in a matter of about 3 to 4 months? This is absolutely unheard of. It even outperformed bitcoin by like 3X!

Optimism for the next four years

So my personal heartache is that the next four years, assuming that you’re on the bitcoin standard, 2025 to 2029 will be the most glorious four years of all time. In fact, I believe this could only be the last Trump presidency, but I’m quite sure that the bitcoin act will pass, ERIC will probably purchase at least 1 million bitcoins, ideally more, And America will continue her global monetary and capital dominance.

Already, you’re seeing everyone else shudder and quake in fear. Russia and Putin, they are scared, in mainland China I’m sure they’re also scared.

What this means for you

So super super simple, just put 100% of your wealth and your capital in either or bitcoin and micro strategy stock.

What’s the difference? Bitcoin is technically the risk free option. And it is also less volatile.

Micro strategy style, MSTR is higher performance but also higher yield.

Personally, I think the ultimate game is to stack as many bitcoins during this lifetime to pass down to your kids kids kids. And to me ultimately bitcoin is more important than micro strategies. Because bitcoin is the backbone and the underlying asset which power is everything, including micro strategy.

For example, bitcoin can exist without microstrategy, microstrategy cannot exist without bitcoin.

The #1 company on the planet 

Michael sailor did it, micro strategy that owns over 400,000 bitcoin, they’re gonna hit 500,000 bitcoins, and soon they’re going to get the mythical Nakamoto, which is the mythical 1 million bitcoins and beyond. I would not be surprised if within our lifetime we see micro strategy obtain at least 2, 3, 4, or 5 million bitcoins. And we will see micro strategy become the number one dominant company on the planet, at least during this lifetime. And you see Michael sailor become the richest man on the planet, at least 10 times richer than Elon Musk.

What does this mean to you? Assuming you put yourself your family on the bitcoin standard, you’re going to be dumb rich, forever.

Sell the second car, sell the house, sell everything and buy the bitcoin.

ERIC

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Bitcoin is the ultimate new luxury? 

Best way to convince someone or people to do something is not to praise its virtues, but to promote the idea that in fact it is a luxury?

For example, living a spartan and aesthetic lifestyle, it is not self abnegation in you’re not positively doing self harm, but instead, it is the new luxury to be Spartan, disconnected, off the grid etc.

In fact, what is the best way to Schwab or brag? Not to brag or show off how much stuff you owe or whatever… But instead, bragging and showing off the fact that in fact, you don’t check or use email for a living? Or use email at all?

new luxuries

Invisible wealth.

Very interesting things; if you are in fact a really really really truly rich person the question is: do you in fact want people to know in real life that in fact, you are really rich? Of course not! Then everyone is going to try to sneakily get at you and your wealth, and also, rob or hijack or jack you.

For Example, what is the best way to get dropped? Going to the club with the Rolex on your left wrist; you could identify a Rolex watch from a mile away based on the chain-link pattern, the way it shines and glistens. As a consequence, the funny thing with wealth is a little bit ironic and bizarre;

First, what do you want to signal? Do you want to signify your wealth of prestige and power? Or would you prefer to stay low-key?

For example, once again when it comes to cars and automobiles; it is generally not a good idea to be known. For example, all the real Hollywood producers and people who run and own the media, all of them desire to be unknown. Why? They want to be able to go out in public, enjoy their lives, go on a walk without getting mobbed, without the paparazzi following them everywhere. I have a funny theories; actors and directors are essentially sacrificial lamb; or scapegoats; they are promised all this wealth power and prestige but in fact, they end up just becoming targets for the Hollywood producers who have the real wealth and power and prestige. The true Hollywood producers then, can enjoy the upside of their anonymity, proceeded in life as usual, without getting their lives ruined by TMZ.

Invisible wealth

So, the general idea; so how can you store your wealth, hide your wealth, without anybody knowing it? And without inciting the envy of your neighbors, other people, etc.?

First, not driving a flashy car. If you know somebody who is a real millionaire or a bitcoin billionaire or whatever, and they still drive a Toyota Prius, know that they’re onto something good.

Second, ultimate self clothing. If you are a real connoisseur, you are going to be wearing only cashmere, wool, Merino wool, the finest of materials, all without letters or stitching or monograms or logos. Why? Because once again certainly there is a grand upside to having better materials, superior materials to keep you warm and cozy, and protected from the elements.

For example, in the winter time, when it is really really cold and miserable outside, your best bet is wool and cashmere. Not some loser Louis Vuitton something.

And also, leather. Leather is very very simple and also a grand and great luxury. As much as these loser animal rights activist may say otherwise; leather is superior and supreme. Even a random Prada iPad case which I was gifted at this one Prada pop-up show, Which was used on the original iPad, which hilariously still fits my new iPad Pro M4 chip, it feels so luxurious so inside, once again, pure leather is the way.

Eco-friendly materials suck

So the big issue here is that eco-friendly stuff doesn’t last, the quality is poor, the durability is poor. It sucks in almost every single regard.

I have a theory; the only reason you have a lot of these companies trying to promote  eco-friendly stuff in eco-friendly materials because they are all essentially derivatives of plastic, recycled plastic and polyester, which is hard cheaper to produce, create, market and sell, and also it has much higher profit margins. Therefore we are being suckered into using really really bad materials, all for the sake of fattening their wallets, not for the planet. In fact, if you think about it, a lot of these materials are made out of petroleum and oil, and I don’t even think they disintegrate that well, whereas if you have a leather or something, not only will that last for generations, in theory it should decompose better in the Earth than some sort of junky plastic.

Even funny enough when you see these sci-fi movies of the future, they are not wearing these recycled polyester suits, most of the people in Blade Runner or whatever are wearing leather jackets, just like a Ryan Gosling from Blade Runner 2049. Once again, leather jacket, Cow and or sheep fur lining. Even in the early days of aviation, a lot of these aviation pilots were very very thick sheep fleet interior jackets, and thick leather high jackets gloves hats etc. to keep them warm.

Back in the days before all of this nonsense call eco-friendly fashion, which is once again, consumerism with a good conscience.

the Luxury of bitcoin

I think what a lot of fools don’t understand is that in fact, bitcoin may be the best thing for the planet in the human race. Why? It lasts forever. Not 100 years not 1000 years, try 100,000 years. As long as a human race exist, on earth space from Mars or even on a spaceship with intergalactic Internet, Bitcoin shall last.

In fact, if I was jumping on a spaceship and getting ready to settle to Mars, or thinking about Seneca’s kids kids kids kids kids, certainly it seems plausible that rather than taking US dollars, Fiat currency, gold bars, or Lamborghinis with them to space, certainly they will take bitcoin which is real, yet weightless.

Have you ever seen a Google in real life?

Of course you have seen the campuses, you have seen the playgrounds, you have seen the mediocre Google pixel devices;; yet, have you ever seen a search engine in real life?

People that might talk about the Google data centers, but you fools don’t you know that the bitcoin monetary network is like taking all the data centers but Amazon Google Facebook meadow whatever and combined it times 10? Or like having 20 full on nuclear reactors powering it?

Why bitcoin is interesting

So bitcoin just broke $103,000 a bitcoin the other day, December 5, 2024… A day not to forget, also my mom’s birthday.

So the first thought is why did it pop so hard? I think it is because at a world economic Russia forum, Vladimir Putin himself commented and said that bitcoin is unstoppable, you cannot stop two human beings from sending electronic payments or stuff between one another with their phones, and that it was wise to adopt new technologies as they came. And also, Russia is in a bit of a squeeze; they kind of know they are dependent on America, and now with the war with Ukraine, they are slowly getting squeezed out of the picture. And as a consequence, how can the Russian store their wealth? Maybe in gold bars, but gold bars are not very practical for transferring billions of dollars of value instantly across the planet. For example if you are Russia with $100 billion of gold bars, trying to do commerce with mainland China… How many military vehicles do you employed to securitize the gold, to prevent pirates from stealing it?

And very very interesting on a recent interview that Michael Saylor had with yahoo news, is that actually, in terms of American technological supremacy, and monetary supremacy, America should just immediately sell all of her gold reserves, and just buy bitcoin instead, ideally buying up at least 20% of the world‘s bitcoin monetary network. Why? This would immediately demonetize gold, which is once again, the reserve asset which our enemies use.

So then there would be a double win-win situation; first, America is still able to assert her US dollar dominance on the planet, against all of the BRICS nations, and also, become the central superpower, ideally forever in the context of money power and capital?

You, your family, your squad

#BITCOINSQUAD

 kind of a funny observation; I’ve actually discovered there are a bunch of Eric’s in the bitcoin world, ERIC Semmler of semler scientific, the company which is also on the bitcoin standard, also ERIC Trump who I guess is one of the sons of Donald Trump, who is also apparently really into bitcoin, also, another ERIC in Bloomberg who writes about ETFs, there’s a lot of us.

Anyways, as of late I’ve had a stronger conviction, telling all my close friends and family that actually care for to get themselves and their family and their portfolios onto the bitcoin standard. This means like putting all your wealth into bitcoin, and for stocks and retirement IRA Roth IRA whatever, putting it all into microstrategy MSTR stock. I’ve been giving a lot of young family members unsolicited advice about microstrategy, and they were all grateful because it went up a lot!

Everyone is always feeling like they missed the boat, but as long as you buy it for less than $1 million, you’re still going to get a 90% discount. And also, a funny and simple thought is that similarly speaking, I can also imagine that I’ll be buying bitcoin even when it is $1 million of bitcoin and beyond. I’m also certain I will be buying bitcoin when it is $10million a bitcoin, and maybe even when it is $100 million a bitcoin.

Why none of this makes sense no more

So bitcoin is really interesting to me because it is the world’s first hard money and capital.

Typically capital has been parked in real estate for so long because for the most part it was scarce, desirable, and also resistant to traditional fiat currency.

For example, in the past, if you parked all of your capital into US dollars, or the Dutch guilder, you would have effectively senior wealth go down to zero. I saw an advertisement that in 1920 you could purchase a home in Culver City for $250, and now it is worth what, $2.1 million dollars?

Bitcoin is the new real estate

So this is also $1 million question or maybe $1 trillion question or 100 trillion or a $350 trillion question:

How can you monetize bitcoin?

It’s kind of like the same of saying that if I bought Manhattan in the year 1624, how can I collect to rent from it?

Or, like imagine in the early days the Internet, nobody had any idea how to make money off of it. Even the early days of Google, I still remember finding Google and finding about Google in a search engine engines for dummies book when I was around like 11 or 12 years old, And it was a simple search engine, just the Google search icon, and I’m feeling lucky button. It seems that maybe like 15 years later they found out ways to make money through search advertisements.

Same with Facebook, it’s pretty impressive, that Mark Zuckerberg was able to take some sort of college prank, and transform it into billions of dollars of value. Once again same thing with advertising.

So I think with bitcoin it will be the same. They will be very very easy ways for people to monetize bitcoin, but just give it some time! Why in such a hurry or rush?

 the timeline for an investor is at least 10 years

So you should certainly not touch your bitcoin for at least four years, 10 years, ideally never. Why? Do not trade your gold for copper, no matter how good the trade may seem.

So for example, people still have this foolish idea that when bitcoin is up you should sell it and buy something “real“, like real estate or a single-family home or property or US dollars whatever. These fools are still stuck in the days of AOL 3.0, 38.8 K tile up Internet, blockbuster and the like.

Michael Saylor also had an interesting history of science analogy; imagine that only bicycles existed and boom, somebody comes out with a motorcycle Ducati. Certainly there is no turning wings of time back.

Or let us say that you were in the 1920s, and everyone is driving this horse and carriage buggy whips, or Ford model T’s. If this is the case, imagine then somebody pulls up with a cyber truck, all Matte black, certainly people would think that you’re some sort of alien or god. 

Bitcoin is god money?

So imagine that God came from heaven, he came down to earth, and told us: I shall give you the most supreme and sublime money in capital. It shall be immortal, infinitely divisible, portable, it will last and live forever on the Internet in the cloud, both online and off-line, it will be censorship resistant, it will be politically neutral; and, you could just memorize the password in your head, and hand down the password to your descendants to own forever as long as they just remember the words. Wouldn’t this be like the best invention of all time?

I watch a funny film called God bless bitcoin, and the similar idea was that there are some religious folks who believe that from even a religious perspective, it is ethical. Jewish people, Islamic people, and Christian people all like it. A good sign.

Who does not like bitcoin?

I think the only people who don’t like bitcoin are essentially the people who are still stuck in the old ways. For example, your uncle who still refuses to use an iPhone, and prefers his Motorola razor flip-phone instead.

Or, your grandma who is still used to going to blockbuster to borrow VHS cassettes to watch at home, on her CRT television, with the VCR player, and also with a little Ferrari rewinding VHS cassette thing.

New things are hard to grasp

So for example, it took me a very very long time for me to explain to my mom what cloud services were, what the cloud was, etc. She still does not understand 100% of how it works, but she gets it. She shoots pictures on her iPhone, and they remain accessible Kind of forever.

Also, FaceTime. Certainly it works, but how it works, like the science of how it actually works, is befuddling. Yet nobody second-guesses it.  Or, modern day electricity, and heat and water and plumbing and sewage and sanitation. Most people have zero idea how it is made, yet we are all grateful for it.

So if you have ever tried sleeping in a hot stuffy humid apartment at 120° in Southeast Asia during the summertime, you know that air conditioning might be one of the best blessings of all time to humanity. Or try to imagine walking around in Dubai in the summertime without air-conditioning in your house your car or the mall.

Do you have a lot of these full saying that bitcoin is bad for the pineapple blah blah blah, but don’t you fools know that bitcoin only takes like .1% of the world’s energy, whereas air conditioning I think counts for about 33.3% of the world electricity usage? Yet nobody is trying to ban Air-conditioning!

What is good for humanity?

This is also another thing, I don’t really like gasoline cars, tailpipe emissions whatever, but, if suddenly overnight you band petroleum gas and the like, 95% of humidity would immediately starve or freeze to death.

So I think from a basic perspective, things and economics should be optimized to think about first, the well-being of humans.

Once again love these people who are too much into the environment, environmentalist, I think it is kind of a new weird cult religion; a lot of these people don’t believe in God anymore or go to church, yet have found some sort of salvation in this metaphorical mother Gaia?

I get it everyone needs something to believe in, but, I think the issue here is tyrant vs choice.

First, it is a free country. The land of the free.

You should have the freedom to choose. This is the number one ethos of America and being American. P and this is where everyone on the political spectrum don’t understand things; if a woman wanted an abortion let her do it, if somebody wants to chop off their penis and balls and sterilize themselves, go ahead and let them do it. And maybe on the other side if somebody wants to own a gun, just let them do it. Or if they want to masturbate to an American flag let them do it.

I think what then becomes the important imperative of year is once again, giving people an option and choice! And also, having the freedom and protection from idiots, on all sides of the political spectrum?

For example guns, yeah yeah yeah everyone should have the right to own it, but please, don’t bring a gun to a wedding and leave it unattended in your backpack, only to have a drunk crazy lady at the wedding trying to steal everyone’s stuff in the bag coat room, finding the gun, getting surprise, and leaving it on top of your child’s car seat. (True story happened to me, I found a gun on Seneca’s car seat). I only think God that I did not accidentally pull the trigger or he did not pull the trigger or some other kid did not accidentally pull the trigger, either killing Seneca, myself Cindy or anyone else at the party.

Don’t ban it just regulate it

Once again, there are lots of crazy people out there and everyone is going to do crazy things to themselves, they own families whatever. But let them do all the crazy shit they want to do, just stay away from them.

So similarly maybe we should have the freedom to be protected from these weirdos?

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The joy

So the joy and glory bitcoin is fascinating some one bitcoin hit 100 K and beyond, it was like the best party on the Internet of all time. Twitter was going absolutely insane; everyone is having a great time. I could feel the joy and enthusiasm on the Internet, all these people bursting into tears and crying, barely holding their emotions.

I’m starting to get the sense of religious forever for bitcoin, which is always a good sign. Even the early days of Apple, Steve Jobs was the priest, and Apple and Apple Store was the temple. People used to camp outside the Apple Store for the new iPhone, not anymore. Apple can barely give away their products now. 

All the tech companies are languishing. Facebook and Meta and Instagram is getting destroyed by TikTok, the evil mainland Chinese corporation I think run by Tencent. As much bad as Google Amazon Facebook YouTube gets, no no no you fools, TikTok and China is the real enemy. And also video games, anything run by riot games or has major investment from mainland China are all bad and evil for yourself your kids or family.

I would say, if I had one piece of advice to Donald Trump is that it would be just banning TikTok from America. Think about the asymmetry here; mainland China blocks all major American tech stuff in China, yet, we allow TikTok to run shores chores?

Americans still have ethics

I think me and them in Chinese corporations and people, especially post Malong communist upheaval, and destruction of confusion values, they no longer have any values besides more power, influence, money and capital.

Just think about it, what is the apple of China’s eye? China wants to obviously become stronger and more powerful than America, yet knows that she cannot do it unless she does trade with America. If overnight we introduced 1000% tariff to all mainland Chinese things in corporations, with death and famine for mainland China.

Just imagine if Donald Trump overnight declared a martial law saying that it was in fact, 100% illegal for Apple to produce any products at Foxconn in mainland China, what would that spell for me and China, and also Apple?

The good news is I think we could still produce things here in America, we might not have an affordable iPhone anymore, but still… It would get done.

If you had an iPhone that was 100% made only in America, it might be like 10 X the price, either that or maybe it will just be switched to some sort of expensive subscription model, but still, America would function. I don’t think China would.

Why TikTok is so evil

There is no censorship on TikTok, no content is ever flagged or taken down. Because once again, China does not care for any sort of ethics or copyright or whatever here; even during the para Olympics, and the only copyrighted videos I could watch of the Olympics were like Screen shares on TikTok?

Why bitcoin is the ethical option

If you ever talk to any shoes liberal American, the one that is phd educated, apparently very very liberal in whatever, yet anti capitalism, just asked them, what is the origin of money, and how can they afford to pay their mortgage, or rent, or Tesla, or the gasoline for their Prius car? Or for their Whole Foods farmers markets?

One might say that real money is gold, but the reason why gold is unethical is that it takes slave labor for them to produce it,  and all the petroleum and gas influence created to just extract it from the Earth.

And also, gold is relatively scarce but not a real scarcity ; nobody really knows how much gold lies beneath the earths crust, and I could guarantee you, if suddenly overnight it is declared that gold is now $1 million an ounce, there would be a lot of capital being poured in that would mine for and discover more gold. Even at current rates, I think they extract 3% more gold every single year.

What else?

So then, let us say that real wealth is not cold, then what is it? Fiat currency? Obviously not!

Fiat currency and war

So an observation I’ve made a few years ago is that even though I am anti-war in anti-military for the most part, unfortunately it is critical for America to have the biggest stick in order to continue the US dollar supremacy.

For example, America owes what like $35 or $350 trillion of debt or some insane number, two China and Russia and whatever, what prevents America from repaying it? Our military power!

And it is kind of pernicious; just go to the defense.gov website, and see how much money is being poured into Lockheed Martin, Boeing in these other defense contractors. It is really kind of bad because it is almost like a snake eating its own tail; America continues to raise her military and defense budget, and these defense contractors are getting rewarded and awarded even ever higher dollar amounts for stuff, even apparently Boeing tried to sell two jets for the president for $4.5 billion, once again taxpayer money.

As a consequence, the ordinary working person in America is being squeezed; if government defense spending is that high, just imagine how much this hurts the American taxpayer who works hard and saves diligently, only to have her hard earned money being poured into some sort of stupid luxury jet and government overspending? 

Times?

Question: how many times have I lifted weights?

Life is all about reps

Arnold Schwarzenegger has this just “that life is about reps, life is about repetitions etc.

So the way I interpret this statement or line of philosophy isn’t like writing out repetitions for some sense of fake virtuality but rather… To repeat, to practice, to do something multiple times, seems like a good idea.

So for example, Michael strategy and Michael Saylor has purchased bitcoin a total of 42 times, this is kind of a big deal. If I look back at my own personal purchase history I might have bought bitcoin maybe like a total of 15 or 20 times?

So the reason why I feel that this is significant is that every single time each and every single time, you’re planning on purchasing bitcoin or doing something, there is intent, focus, effort, having to judge and balance your emotions etc.

So for example, obviously every single time that you’re going to want to buy bitcoin or whatever, there’s always gonna be some sort of economic calculus, some sort of judging and weighing the price, thinking about timing etc. And all while doing this thinking about the long-term.

Commitment

It seems that in today’s world we do not like commitment. Maybe the whole reason that people shy away from marriage is that people are afraid of committing?

“we are in an exclusive relationship”

One very funny trend I see is the whole idea of being polygamist, which means that you are just not in a relationship with one person, but you could be with many.

Certainly the funny thought is obviously marriage is kind of a sociological construct. But at the same time, Zeus and Hera, maybe I’ll be at they were born of the same thighbone or whatever, were married. They were husband and wife. And of course, even the hilarity of Homer’s prose, they were always quarreling.

In praise of commitment

But, the interesting thought is often times commitment is liberating freeing, and just a lot simpler and more direct.

For example, traditional finance and economic investing theory says that one should always “diversify“, to be committed to just 100% one thing is a foolish errand. But, let us say that on the planet there is clean water and there is sewer water. Why would you diversify to drink sewer water to simply have a “diversified portfolio”, when you know there is one true clean water?

Or let us say religion: would you “diversify” by believing a lot of different religions simply for the sake of diversification?  

Why?

So why do people even diversify in the first place?

First, a hedge against uncertainty and the future.

People are afraid, and it seems that a lot of people want to just mitigate risk. Which means they want to lower the chance of themselves from losing money.

in search of superior yield

So for example, if I could tell you with 100% certainty to you that bitcoin is going to go up, forever, at 60% ARR for the next 100 years, yet there’s going to be big swings, like up swings and down swings which are 30%, would you do it? The rational thing is of course yes. As investors, and capitalists, our prime goal is in search of superior yield. It doesn’t matter how big or low the swings are, we will always want superior yield over the long-term, even though the swings may be drastic?

Or let us say that I can guarantee you 100% boring 10% ARR for the next 100 years, which is technically below the cost of capital which is 15% ARR (the performance of the S&P 500 index), and there will never be any dramatic swings.

Investing philosophy is like life philosophy?

Well let me give you an example… Let us say that I could promise you two lives: both lives you will live to be 100 years old. The first life is a life in which you are given a 100% boring existence, with no major swings up or down. Or let us say I could promise you a life which has extreme swings up and down, but will ultimately yield you 1000 times more interesting fun and joyful life. Which one would you choose?

I think a lot of people they choose The steady boring life. Why? My personal thought is modern day society, we have been conditioned to be like safe cattle, we want to be safe, played safe because a lot of socialization is about imputing ourselves with fear; I almost wonder if like 99% of marketing is actually fear marketing, to get you to buy some sort of stupid insurance life plan or whatever.

Seek the most supremely glorious life 

The funny truth is I never felt that bitcoin was risky, it was just kind of a new technology which was not yet mainstream?

Now that bitcoin has essentially hit 100 K, it’s pretty much mainstream at this point. And this is good because you’re going to start to see the network effects. For example do you remember the early days of Facebook, in which only college students were allowed access to Join Facebook? At the time you were actually required to have a .EDU email address  to sign up for Facebook. But once they opened up the gates, everyone joined in masses.

I wonder if bitcoin is the same, rather than thinking about all these weird crypto anarchists, maybe a more  approachable way you could just think about it is like imagine like bitcoin being the new Facebook, but for digital money and capital.

Or like imagining like bitcoin like the new iPhone, iOS, iMessage and iCloud FaceTime etc.; the general idea is that if you have an iPhone, and I have an iPhone, and we both have FaceTime, this makes both of our lives 1 trillion times easier than if you had a Samsung or android or Google pixel, and I had an iPhone. In fact, I still do believe that FaceTime is the killer app, because of FaceTime, I slowly got the whole family into the iPhone Apple ecosystem. Because I no longer wanted to use stupid KakaoTalk or even worse — google hangouts or Google meet or whatever.

This is also where I believe that maybe in the long run, Google won’t really be around anymore. Why? It seems that the primary issue is google doesn’t really seem to be a sustainable business. The only two things we are really hooked on is Google maps and YouTube, But besides this, now that ChatGPT and ChatGPT search is starting to gobble up the market, I wonder if one day Apple will just get into a partnership with ChatGPT and just replaced the default browser instead with search GPT, this would be a huge risk factor for Google.

Why are we so scared of volatility?

 Where does our fear of volatility come from?

Certainly, it is kind of maybe human nature. Like if you see a big swing up or down, it is kind of an emotional roller coaster: as a consequence, what you must do is steel your nerves. And, if you’re an inexperienced weightlifter or power lifter, or one rep max lifter, then, certainly the fear of attempting awaits that you have never attempted before is always going to be a little bit scary.

Maybe not at the age of 36, I’m in the prime of my life. Why? I’ve been investing in the stock market, with mutual funds and individual stocks ever since I was 15 years old, and now that I’m 36, technically I’ve been in the game for over 20 years. I’m no longer a kid.

I also recall that when I was starting off my street photography journey at the right age of 21, I was a lot more insecure about myself, but now, like a grown ass middle-aged man, I got nothing but 100% confidence and courage and chutzpah on my side.

Why?

Now, it is more like an ethical imperative for me —

For example, if you discovered the cure for cancer or diabetes or type two diabetes or whatever, wouldn’t you want to share the gospel with everyone you know?

Or if you found the cure for heart disease heart attack, everything… Wouldn’t you want to share this information with others, even if they did not like it?

I’ll give an example, I think one of the most important doctors of all time had a very simple idea: wash your hands with soap and sterilize your equipment before delivering a baby. A lot of doctors at the time thought this was absolutely ridiculous, yet this simple suggestion has probably saved millions of lives of babies throughout the years.

Or another simple idea: before drinking the sewer water, maybe it’s a good idea to boil the water to sanitize it before drinking it.

Even I think an ancient times, the only reason people drink wine wasn’t to get drunk, in fact back then the mixture of alcohol and wine and water content was actually very very low, which means that the wine was actually not that strong it was quite weak. The only reason they drink wine was the water was infected. And I think even German monks who drank beer, it wasn’t because they wanted to get drunk but if you fermented beer it did not kill you with dysentery with a traditional contaminated sewer water.

Bitcoin is clean water

You know that there’s all these campaigns around the planet like building and clean water wells in Africa and the like?

Bitcoin is kinda like the same thing. If you discovered clean water, wouldn’t you want to share joy with others?

The best way to be an evangelist

So you don’t want to be one of those Bible thumpers, holding across on third street promenade telling the gay people that they’re going to hell. This is not very effective marketing or PR.

The best way to get people to convert, etc.… Is much more subtle. It is a soft assault encouragement, a take it or leave it mentality.

What I also appreciate about being catholic Roman Catholic is that we are not forceful evangelist, at least not in modern times. It’s cool to encourage your friends to go to church with you, but there’s never any pressure. There’s no protestant rock Jesus loving parties or stuff like that.

Take it or leave it?



What Is Curiosity, the Philosophy of Curiosity? 

So curiosity is that which you care for, yet when it comes to curiosity, it is strangely moralized.

For example, curiosity killed the cat.

a world without curiosity is not a world worth living in?

So Elon Musk said he is typically driven by curiosity. Curiosity is the ultimate antifragile trait; the ultimate driving factor.

Curiosity about things and experiences?

I think for myself… My whole life I was always curious about certain states, life states, experiences etc. Even curiosity about wealth; I suddenly became super rich, how would I change and live my life differently?

But now that I am super rich and Walty, it almost happened overnight, granted it was in the making for seven years; I started stacking bitcoin 2018,  getting into bitcoin ever since it was only $7000 a coin.

And now, my enthusiasm has not lit up. In fact, it has simply intensified?

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