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?

---

Capital is for masters!

Why rappers make poor role models

Rappers are always talking about money, never capital.

Even the good rappers like Jay Z… They then talk about wealth and generational wealth, but never capital?

Capital?

what people don’t understand about capital, like becoming a great capitalist is that actually, is not about money in the traditional sense.

So for example, my personal thought is money is more about purchasing power, not real economic power.

For example, who has more power, the guy who lives on fifth Avenue and owns like 20 square blocks on the main island, or the person who lives in the suburbs of Long Island or Queens with a big house in the middle of nowhere, and has a lot of US dollars in his bank account? But owns no physical property in Manhattan?

LA

The funny thing about LA is most people are not from LA, nor do they intend on staying in LA etc. And also it is the culture in which it is true; you are your car your car is you.

It is easy to stereotype people based on the car they drive, and how they drive their personality their whole ethos etc.

The only people I trust are people who drive a Toyota Prius; if in fact you were a real economist or capitalist, you would know that the primary goal is to live as ascetic and spartan frugal lifestyle humanly possible, and to just pour all of your money into accumulating your capital.

New Capital

I had a random thought, so Korean people immigrated to America because they called it the beautiful country (Mee-Gguk), (Beautiful Country). They did so to seek greater economic opportunities than stuffy Korea.

it seems that most physical hand is already tapped out, that was a 20th century notion like 100 200 300 years ago… But now that we live in the year 2024 and beyond… The new property is cyber space.

I think the thing that is difficult to understand about cyberspace is that conceptually it seems infinite and unlimited like the Internet, but if we think bitcoin, which is limited 21 million blocks, 21 million coins, 21 million units, then,… Bitcoin or the whole cyber real estate notion is the most valuable thing of them all.

Why? it seems that most people are always looking on places to park their capital and economic work and wealth; they don’t want it to be seized by a bunch of communist, like the poor Vietnamese people who fled Vietnam during the communist takeover, even people who fled from Mao Zedong, or even the poor Lebanese for fleeing from the attacks from Israel.

Trust no Marxist, communist spoon fed kid

If you’re just an American like a typical American who is born here with your American citizenship… And you never had to face peril… You probably don’t really know how much of the world works. It seems that historically much of wealth is seized forcibly from other people, governments, or revolutionary regimes.

Why is it that a lot of these kids who are born with trust funds, or born from wealthy families are the ones who embrace communism Karl Marx and Marxism? Because they are the ones who were never raised with true poverty, — I think for any family that actually had to deal with true oppression, poverty, everyone knows that capitalism is the best system.

Infinite opportunity

Capitalism is not zero sum. Understanding that wealth is just a human made notion, the ability for growth and prosperity is infinite for all.

And this is my personal imperative behind bitcoin; because I personally grew up super poor, always in financial peril, and finally kind of making it in America, I feel like it is almost my ethical duty to give back or at least to share the things I’ve learned along the way.

Any individual family or nation nation state on the bitcoin standard shall prosper. There are no losers on the bitcoin standard, only varying degrees of success.

ERIC

Economics by KIM

1. Money is For Slaves
2. Growth
3. Think Volume
4. Think Payoffs
5. Kaizen Gains
6. Cost to Capital
7. Price vs Value
8. EVERYONE WINS!
9. INVESTING PR’S
10. The Philosophy of Investing
11. ERIC KIM VENTURE CAPITALIST
12. How to FIRE (Financial Independence Retire Early)
13. How to *Save* a Million Dollars
14. Increase Value
15. MAYBE IT IS A GOOD IDEA TO BUY HIGH
16. Banks Are the True Menace to Society
17. THE PROMISE OF FUTURE MONOPOLY PROFITS?
18. High gas prices are good
19. What is Capitalism?
20. Pride in What You Paid For
21. On Making Money from Nothing
22. Save Money Towards What Ends?
23. No Regret Investment

The Philosophy of Property

I’ve never owned property in the traditional sense in my life. It is still kind of a strange and elusive concept for me.

For example, homeownership, is talented as some sort of desideratum, a thing to be desired.

So for example, I think like the baby boomer generation, the life goal of everybody was to own your own property? Like purchasing a single-family home, a plot of land etc.?

Land?

Even Cindy’s mom said it best, you don’t own the property, the government owns it. Even assuming that you buy a plot of land or property in all cash, you’re still going to pay around like 1%, 1.05% property taxes on it like forever.

Even if you buy a house which is like $1.4 million or something, I think that’s like $1250 a month Justin property taxes, and then after homeowners insurance and stuff, which could also be considered an additional non-direct tax, You might be looking at like $2000 a month, just in “taxes”. Just throw in another thousand dollars and you already have rent.

Why?

I thought this morning is in regards to the philosopher; what is a philosopher? A philosopher simply somebody who posits desideratum — what we should desire, what we should not desire.

 For example, under no circumstances should we desire slavery poverty and to be encumbered. On the contrary, what we should desire is freedom, power and control; consider the blissful authority and self sovereignty of the Spartans.

New Slaves?

See there’s leaders and there’s followers, but I’d rather be a dick than a swallower! – Ye

 the tricky thing with a lot of modern day life is that a lot of the stuff is actually self-imposed slavery. For example let us say that you buy the new BMW M3, yet you finance it, I think the original word for finance actually means ransom.

So let us say that you’re paying like $1450 a month, just for your car payment. To me this seems like the most insanely foolish financial decision of all time; if you simply pour that into bitcoin, and assuming that bitcoin is going to at least 100X from here, maybe even 1000x, then what that means is that the payments on your car, is like metaphorically paying $15,000, $150,000, or even $1.5 million a month!  

Future projections

If I could tell you with 100% certainty that in 21 years, bitcoin would be worth $100 million a coin, maybe even 105 million a coin, which means that assuming that bitcoin is around $100,000 today, that is like a 1000X gain 21 years from now.

Certainly it is possible you could die in a texting while driving accident today or tomorrow, but if you plan long-term —  if I told you that the money that you put in this thing today will yield 1000 X 21 years from now, and I could guarantee you with 100% certain that you would be alive healthy and well 21 years from now, wouldn’t you plan things differently and spend differently?

For example, that hundred dollars you put into that thing, could be worth $1000, $10,000, $100,000– or even $1M! If that were the case wouldn’t you plan things differently?

Once again, $100 today being worth $1M in 21 years, with 100% certainty ,,, wouldn’t you plan your life differently?

First, you would certainly be much more scrappy, frugal, and pursue a much more austere and critical and Spartan lifestyle today. Of course there are certain things you gotta do like feed yourself, pay rent etc., but beyond this… Even thinking about recurring subscriptions and services, that $20 a month you’re spending on Spotify, what if that after doing the math, would mean that you’re paying $200,000 a month for Spotify? Why don’t you just cancel that subscription and put that money into bitcoin instead?

Fractional property ownership

I think this is the big idea here; the general idea that you cannot buy a fraction of an apartment on fifth Avenue in New York. You cannot buy like a square meter of an apartment complex in Gangnam. You cannot buy like a third of a single-family house in Culver City.

I think this is where the early days of bitcoin is interesting; people have not yet understood the notion of a Satoshi; sooner or later, I think the name Satoshi will become more famous than the name of any other modern day celebrity. Why? He’s like the Jesus of money!

Ownership is a state of mind?

I think a big thing to consider is that ownership, self ownership, self sovereignty is more of a mindset than anything. Even when I’m staring at my bitcoin balance, and the value of my microstrategy MSTR stock, none of it really feels real… It’s almost like I’m living in some sort of cyber virtual video game, except it isreal.  Not bad for a kid who grew up in poverty, mom going bankrupt twice, and dad gambling with the rent money to now at the age of 36, counting M’s.

The impetus to think long-term 

Once again, if I could tell you with 100% certainty that your investment today in bitcoin well thousand X 21 years now, aren’t you gonna do everything in your power to ensure that your health your physiology your sanity will be insanely robust 21 years from now? Would that also means that you’re probably not going to be engaging in degenerate activities today; Rather, it will probably encourage you to sober up, stop taking weird drugs, going to Coachella, wasting money on that new loser iPhone, that new loser Tesla cyber truck Lamborghini Ferrari whatever.

I think you will also become more critical about how you spend money. And how do you spend your life!

Also, I almost wonder if this one encourage more people to have kids; because you cannot be with your bitcoin dance to your dog; but bitcoin will last forever; you could give it to your kids kids kids kids kids, for when your kids kids kids have kids! 

the $1m iPhone 

A simple way to think about it is $1000 today is $1,000,000 21 years from now. 

So if that is the case, the smart strategy is to just hoard the cheapest iPhone, the iPhone SE, forever or however long you can.

The $100M Cybertruck

Assuming that a cyber truck is like $100,000, that means that your cyber stuck  will cost you $100 million in 21 years.

I’m like 1000% Elon and Tesla, but still… The entrepreneur and innovator in me think more critically about this;

Better to CYBERTRUCK your body than to just buy it.

Also, the big issue here is that with a Tesla car, you never really own it, the same goes with any other vehicle; because ultimately you’re going to have to pay Insurance, maintenance, gasoline, stuff on it… What that then means is that you never own it in theory; You’re kind of just metaphorically leasing it. 

I’ll give you an example with Tesla; as long as that you have to use their proprietary software, you visit the local supercharging network etc., you’re still tied to Tesla the infrastructure forever.  and also if you need to get any repairs done, you’re going to be married to Tesla for the rest of your life.

Another big thought I had was you never really own an iPhone; you’re just kind of leasing it; why? Now that we are all married to the iCloud system, forever, you’re kind of just paying some sort of like revolving increasing expensive iPhone thing, to ever feed your iCloud subscription?

So you never really own an iPhone a Tesla, even a Ferrari or a Lamborghini or Porsche or whatever, the primary issue here is like let us say that you had to pay $1000 a month in insurance for the car, you have to maintain the car, replace the tires, do oil change etc., this could be seen as an indirect tax. 

Stop the bleeding!

Let us see that you have a healthy four-year-old boy, full of bigger energy and happiness, but let us say that you siphon off a little bit of his blood every single day for the rest of his life. What is going to happen to his growth ability? Probably not good.

Economic vampires

I think I figured out fashion; all this marketing advertising magazines etc. is designed to make you feel shameful about your body, and how do we alleviate this? We cover up the ugliness of our body with other ugly expensive clothes, all produced in China or Vietnam, which is like a 98% markup on the actual clothes.

And this is the thing also with cars, we all have ugly weak unimpressive bodies, and we hide behind avail of our luxury vehicles, because we are ashamed of ourselves.

You’ll see this with people who try to look antisocial but at the same time, with their 5% tennis sunglasses, or they’re fully tinted automobile cars, or with their baggy loose fitting clothes.

It seems that the whole trend right now is that everyone for this weird, emo alien look? Balenciaga in the flesh?

Bitcoin is beautiful

What is the most beautiful thing on the planet? Or the known universe of humans?

Bitcoin!

Why?

First, note how it is kind of like the ultimate perfected Zen and property. There is really no problems with it.

It’s like if Steve Jobs came out with her first iPhone, and he said that this would be how the iPhone would look forever, kind of the same thing.

I think the reason why you should put zero faith in any other tokens or things which are not bitcoin is that they are all like the old versions of the Microsoft android phone, not worth anything, and they are simply supported by fake notions of value, hyped up by crypto influencers (side note– whenever you hear the word crypto, be very very wary). It is Bitcoin not crypto.

the Immaculate conception of bitcoin

I think what is so shocking and interesting about bitcoin is that it only ever had a version .01, and has not been messed with since.

Compare this and contrast with all these other version twos of Ethereum and all these other loser copycats.

Why does this all matter?

If I could tell you that this was like Apple in the 1980s, or the early days of Apple Amazon Facebook Google, and you could invest in right now, and it will become the most valuable thing on the planet, wouldn’t you want a piece of the pie?

Infinite pie

The double funny thing about bitcoin;

in some ways it is infinite, but in some ways it is limited.

For example, any human on the planet could purchase a single Satoshi, I think like it is only .001 cents to purchase a Satoshi.

In fact, my personal thought is if you really want to give somebody a meaningful present or tip somebody, just zap them a few Satoshi’s.

Or, let us say that your sibling has a child or a kid, I would actually say the most meaningful gift you give them is a single bitcoin. If and when my sister has a kid, I’m going to gift the kid a bitcoin.

The new family Empire

So we’re still stuck in thinking about US dollars, like the question is always, how much is a single bitcoin worth right now? No. The more intelligent way to think about it is how many bitcoins do I currently own, and how much will it cost for me to acquire more bitcoins? 

Increasing your bitcoin yield

So the goal is to acquire and accumulate as many bitcoins as you can in this life, and to never spend it.

So for example, it is always a good idea to buy Manhattan or cyber Manhattan. If over the last 300 years, your family was able to get fractional ownership of Manhattan, if that is the case, then, it is always a good idea to buy Manhattan.

Why is so difficult to think about property and manage property

In some ways, property is just kind of a metaphor, kind of like a philosophical thing. It doesn’t really exist in the traditional sense, of course, plot of land is considered property. Yet when the Native Americans lived here, ain’t nobody ever took out a tape measure, measured the square footage of a plot of land, put a stick in the ground, and suddenly declare to the universe “I own this 5000 ft.² of land?”

Bitcoin is also fascinating because assuming that cyber space is more valuable than physical space, I think it is, assuming that the Internet is also more valuable than physical property, if that is the case… To be able to own a piece of cyberspace, is actually a very big idea. 

Nobody is anti-bitcoin

This is also another idea, all the other crypto assets are essentially pegged to the bitcoin. Even Ethereum, read the original white paper by Vitelic, he essentially was trying to “fix”, bitcoin, even though there was nothing needing to be fixed.

So always be wary when somebody shows up to the party, and trying to fix something that isn’t even broken in the first place. This is why in general, anybody who tries to “optimize” something that is already working, … like a Doctor Who tries to prescribe blood thinners or cholesterol lowering medication to your healthy four-year-old, be very skeptical.

who profits from what?

So this is a tricky thing, the ethics and the motivation behind it all. For example, somebody once asked me, is Michael Saylor ethical or unethical for promoting bitcoin, given the fact that he himself and his entity micro strategy owns a lot of it?

 I would actually say it is 100% ethical for Michael sailor to promote bitcoin. Why? It’s almost like trying to encourage people to use the Internet, and saying that the Internet is good for the planet. In which it obviously is.

 if anything what is actually super fascinating is that I’ve watched almost like four years of Michael sailor interviews, like nearly 100 of them, and for the first four years, he never once  even mentions his company micro strategy. And what is very ethical is the whole time he is talking about the magnificent seven, like Apple Amazon Facebook and the like. 

In fact, it almost took me like six months before I even figured out what micro strategy was.

Anyways, it is always a good idea to follow somebody who never promotes themselves or their company, but rather, the asset behind it all. Which is bitcoin.

For example, it’s like me going out and telling people that digital photography is superior to film photography or vice versa and the like. Or more like me encouraging people to open source their photos their information etc., I’m promoting a protocol and an idea.

Or for example, if I encourage people to start intermittent fasting, to stop drinking alcohol and marijuana, for people to become more frugal, for people to unsubscribe to subscriptions, what is unethical about this?

Or if I encourage people to purchase beef ribs at Costco, I don’t really have anything to gain from this.

Follow the money?

So currently speaking, real estate is traditionally the way that a lot of people get rich. For example if your a great great grandfather once bought an acre of land in San Francisco for like five acorns and two donkeys, that family assuming they did not do anything stupid would probably be insanely rich. 

Who encourages us to purchase single-family homes? Banks, real estate brokers etc. Why? By propping up this American dream of home ownership, they themselves get rich off of it.

Compare this instead to an asset like bitcoin; there is nobody who controls bitcoin, Satoshi said toodaloo, and disappeared forever. Kind of like the immaculate Assumption back into heaven.

Everyone else is this spokesperson for their token or thing; Vitalik for Ethereum, Sergey for Chainlink, the scam artist who are proposing ADA Cardano (this one is really the biggest scam), even Elon Musk trolling Dogecoin.

Only trust things or assets without an issuer.

For example, even apple, kind of a bearish future ahead of them, assuming they don’t integrate bitcoin into their ecosystem. Why? Even though Apple keeps pumping money into their Apple TV+, nobody really wants it or cares for it. And even at this point, nobody really wants the new iPhone, or the new iPhone Pro, they simply upgraded because they feel expected to; they have been holding off for so long like two or three years, their old phone is getting super slow, or they run out of storage, so they simply upgrade not because they want to but because they must!

ain’t no Tesla car going to last year 21 years

Even now, I feel bad for all of the early adopters or even the middle adopters of Tesla cars, your car is getting outdated like every year or two. And once the cyber taxi comes out, you’re going to be kicking yourself in the butt.

I have like almost 100% certainty that my 2010 Prius will still be operable 21 years from now. Also my great joy is that I do all the oil changes with myself and Seneca, 100% full synthetic mobile one, K&N performance oil filters etc.

Even a random thing, the paint on it is actually still really good! I recently ordered some chemical guys detailing spray on Amazon, for only like 11 bucks, and now the car is so insanely and beautifully shiny! And I also assume that because it is more slick and slippery, what that then means is that it will repel more dirt and Moisture and water from it?

Things that last things which don’t

Even if you purchased the best 3M matte black vinyl wrap for your vehicle, it probably won’t last you for more than five years. Sooner or later it’s going to degrade, especially if you live in Sunny Los Angeles, the sun is so strong here.

Why is it so difficult for people to invest and think about things in the long-term?

I think maybe it is because people consume too much media and advertising.

Even for myself, I don’t really like the bitcoin community on the Internet because I think they lack a lot. I’m more interested in philosophy, Spartan and ancient Greek aesthetics, weightlifting and the like.

Even my pride is for so long, I never once listened to or read anything else by a crypto or bitcoin influencer or thought leader; in the early days, essentially all my thoughts were just my own; I first purchased bitcoin for $7000 a coin back in 2018 I think.

And I was looking back at my purchase history, I’ve actually been very very consistent in purchasing bitcoin, the highs and lows and the mids, and even when I was purchasing bitcoin in the low 70s, at the time it seemed like a losing bed because bitcoin would keep dipping back into the low 60s and 59, And then, I don’t know where after the Trump victory, bitcoin skyrocketing to above $88,000 coin, and essentially hitting $100,000 a coin. And I’m almost like 1000% certain that by the time that Trump takes office January 20, 2025… Bitcoin will be far higher than than it is today. 

And also, with the Cynthia Lummis bill, the bitcoin act in which she will swap cold notes for bitcoin, and when that steak and dagger is inserted into the coffin, the value of bitcoin will explode! And then you’ll start seeing a huge race of nations trying to accumulate her bitcoin stock piles.

Bitcoin is cyber security

So what is another interesting idea is that essentially bitcoin is like solid solidified cyber Security. Future warfare will not be bombs and missiles it will all be cyber attack. Even right now, Apple pays big bucks for cyber security penetration testing; even apparently right now Gmail is getting attempted to be hacked like 1,000,000,000,000× a second, so cyber security is certainly maybe the most valuable thing on the planet. And even your checking bank account, that is all cyber security. Even though we hate the banks, it is still impressive that if you have a certain amount of field currency in your checking account, how it is almost 100% guaranteed to remain there.

You could send Messages via bitcoin

Let us say that you have a certain message or will or Testament or some sort of really really critical information, that you need to have conveyed to the next party, the bitcoin network is the way. You cannot stop it, even if you had 1000 quantum computers trying to stop you.

So currently, the way that the world operates is through TCIP, POP,  email and the Internet. I think people don’t understand yet, the bitcoin is not just cyber money in capital, it is something greater and even more beyond!

Where money and capital collide 

So currently you could get a Coinbase debit Visa card in which you go to Costco and you could just use your bitcoin or crypto balance to pay for groceries. I did this once with chain-link, and it was really fascinating, like free money!

Anyways, ultimately it is best to just never spend your bitcoin, because the value is going to go up forever. It’s like probably not a good idea to sell an eighth of your apartment building on fifth Avenue, to buy a two bitcoin Lamborghini, or whatever.

But in theory, you could. And also… Like cash, bitcoin is cash, and also capital… You could just zap somebody $100,000 worth of bitcoin, and the final settlement will just take a few minutes, rather than the tedious process of having to go through a bank, and a trusted intermediary.

For example, do you know how difficult it is to just wire $1 million into somebody else’s bank account? Or try 100 million? Or 1 billion?

With bitcoin you can!

the best gift this holiday season

Once again a big disruptive idea… Rather than trying to buy your friends families and yourself these mediocre polyester clothes, just buy them bitcoin or yourself bitcoin! Just download and install Coinbase, or if you have the cash app you could just buy bitcoin there! 20 bucks 50 bucks 100 bucks, whatever.

Even think about it… Let us say that that $20 sandwich, will 1000x from here, $20,000 sandwich –?

So imagine if just for somebody’s birthday or something, you just give them like $50 worth of bitcoin, that is like you’re giving them a $50,000 gift? Pretty cool.

Bitcoin for kids

Seneca is about to turn four, and he already knows what bitcoin is. Whenever he sees a graph, or he immediately says bitcoin!

If a four-year-old child understands what bitcoin is, could recognize the logo, and pronounce it easily, very good sign.

I would not be surprised if in the future, Vegas and casinos in the lake will also give you the opportunity to gamble bitcoin. Can you imagine going to a high roller roulette bar, and pledging like 10 bitcoins on a spin?

Or, maybe instead of buying your wife that overpriced diamond ring, you gift her a bitcoin instead?

Bitcoin jewelry?

I have another funny idea, what if you became like a bitcoin jeweler, and I would give you a patch or a bitcoin ring or a bitcoin earring or bracelet, for every bitcoin you own?

What is funny is that actually in today’s world, when you have these expensive vehicles, in some ways you’re kind of parading your net worth.

For example, if you drive a cyber truck, you’re essentially telling the world that you could afford $100,000 on a vehicle.

Or if you drive a Lamborghini or Ferrari or a Porsche 911 GT 3RS, that you could afford 250,000, 500,000, million dollars on a vehicle.

But this is a weird thought; do you really want people to know how rich you are? If you’re really smart, no.

Why? If people really knew how rich you were, certainly they would try to rob you or ransom you.

And this is actually where it is so courageous that Michael Saylor publicly disclosed how many bitcoins he owns, because this actually does put his life in danger, any thug on the street with a gun, who knows that he lives in Miami Beach, could try to rob him of his bitcoins.

And this is why Satoshi will never really reveal himself, because, his net worth is probably more valuable than even Elon Musk, I think in the next decade you will see Satoshi or his bitcoin wallet be worth than most nation states, certainly making him the richest person on the planet.

But if anyone really hundred percent figured out who said who she would be, he would be in peril.

Deduction

She is probably a single dude, without kids or family, kind of like a monk, or maybe like John Wick?

Is John Wick Satoshi?

ERIC

---

EK INFORMATION SUPPLY

Introduction to bitcoin free open source workshop, December 14, 2024 — Register here for free

so this open source introduction to bitcoin workshop I’m super excited and pumped for. Why? It’s going to be a synthesis of everything I know and understand and love about bitcoin.

For those skeptical or suspicious, come on… It’s free and open source, you don’t really have anything to lose.

Kind of the impetus behind it is that I’m like inviting everyone I know, even my mom is inviting her friends on kakao talk!

Essentially I do not know any human being on the planet who does not want to improve his or her financial condition, and or your family.

Money finances and prosperity, isn’t this something we all care for?

things to be grateful for

Thanksgiving is giving thanks, giving thanks to being alive, being the full for even waking up this morning! Being grateful for not having the stomach flu, be grateful for the sun etc.

Being grateful for your family member is still alive, being grateful for love!

I’m grateful for you!

---

Now what?

Some simple action items:

1. Start buying bitcoin on Coinbase or the cash app, whatever is simpler and easier for you
2. I would actually encourage you not to buy gifts for friends and families, just gift them and zap them with bitcoin instead
3. If you want to learn more about bitcoin the best is to just go to michael.com or hope.com
4. Ultimately even though microstrategy MSTR outperforms bitcoin, 120% ARR, compared to the 60% ARR of bitcoin,  ultimately the bitcoin is the goal, not the microstrategy stock even though in US dollars the value of MSTE explodes a lot more. A very very simple strategy I have is purchase microstrategy stock, mstr, and ride it up, and when you make a profit, sell some stock and use that to buy bitcoin.  For example, if you own like $150,000 worth of micro strategy stock, and it goes up to $200,000, sell $50,000 worth the stock, and funnel that money and use it to purchase more bitcoin. I call this double profit double dipping. 
5. Just think critically about the philosophy behind it all; once you’re worth $2 million, 3 million, 4 million 5 million, 10 million, $100m, $1B, $10B, really matter? Assuming that you’re going to still remain to live a frugal Spartan lifestyle? Because once again… The big idea; the true capitalist only cares to stack capital and bitcoin, not to buy silly things. 

ERIC

---

Getting back on Twitter, X

Twitter and social media is a double edge sword, but in terms of critical financial information, I think the only one human worth following is @saylor — Michael Saylor.

It is probably the best place on the planet to get any sort of critical information about bitcoin and or micro strategy stock.

100% all in. 150% all in?

ERIC

---

Bitcoin by KIM >

---

If you want to be happy or happier, the best way to do it is to purchase accumulate and acquire bitcoin, like taking your economic happiness and energy, and putting it into an infallible bitcoin.

---

Why bitcoin makes sense for digital nomads

So assuming that you’re living in Mexico City, Thailand, Vietnam Cambodia Laos, off the grid, and you love being off the grid, not being tied down by anything… Bitcoin is the ultimate freedom energy economic power property you can own.

For example, I think one critical mistake a lot of millennials make is they want to buy some sort of like weird off-roading Mercedes sprinter van, and they essentially like a homeless people in RV parks?

Nontraditional ideas

So for myself, I’ve always had a passion for nontraditional idea paths etc.

To be contrarian means to just go against the herd.

So for example, even though I’m a huge fan of Tesla and Elon Musk, am I the only successful millennial person individual, super rich who would actually prefer having a Toyota Prius or maybe now, the Lexus TX car?

I think there’s a lot of press about you being able to camp and live in a cyber truck, and I think it’s a great idea, but, I find it actually much more practical to get like maybe a Lexus TX Plugin hybrid car, the ultimate luxury SUV minivan, and just sleep and live in the trunk of that? The side is once again, the plug-in hybrid concept is still the most best double leverage thing you can get; the side of gasoline, which power is like 90% of humanity, and also, electricity, the Hybrid engine, as well as the plug-in capability.

Something that people don’t really talk about is that the upside of having a hybrid car is that when you idle, most often times it is silent. This is phenomenally fantastic if you’re taking a nap in the car with your kid! No solo gasoline car is worth it; either hybrid, plug-in hybrid or nothing. 

a vehicle is bad

Once again, even today… We are still stuck in this slave like mentality of vehicle ownership. I suppose the good thing about having an old Prius is that it never feels like a liability. If somebody steals it, hit it I could care less.

Also pro tip, if you have peeling paint or something on your car, just order some 3M matte black vinyl vehicle wrap online, cut it yourself and just stick it on like a sticker! Looks very cool.

Lunar white

Another funny trend, everyone in LA wants to murder at their cars in all black, but, this is a positively bad idea because Los Angeles is essentially a desert with lots of dirt particles in the air, the ideal car color is either white or some sort of desert tan color; any color which does not show dirt.

And also a lot of these fools don’t understand is that if you have a black vehicle, you’re going to get cooked alive in the summertime!

Make white cool again

The funny thing is actually… When I was a kid growing up, nobody wanted to own a black car. A sports car was universally red; everyone wanted the red Integra type R, with the gloss white rims.

Vehicles and society

I could care less about your four bitcoin Ferrari, or your two bitcoin Lamborghini. Or your one bitcoin cyber truck.

What is super interesting and fasting about bitcoin is that it is almost like wealth on wheels. And only that but it is like the ultimate type of wealth and property you could actually own. Why? It is like perpetually in your mind in your head and your soul; and it is not physical, yet it is real and exists.

A lot of people don’t understand what this point is, they think that it is fake money. But no, bitcoin is digital cyber capital, which is 1 trillion times more profound as an idea.

Why? If you could teleport a skyscraper into cyberspace, make it immortal, immutable, indefinitely divisible, with no property tax, no mayor trying to put regulations on you, no death in decay, no annoying tenants etc.… You essentially have perfected digital and cyber capital And property. 

Why do people even purchase real estate in the first place?

Traditionally, in the past, you only purchased real estate not for the utility purposes, but rather, as a long-term store value and or maybe income generation?

The difficult thing is at best, you have to skillfully manage your real estate and property, get good tenants, collect the rent, but still you might have to deal with Insurance, things breaking, changing zoning laws in your local city or area, etc.

no property taxes

I think this is a hard thing for a lot of people to understand is that you cannot tax bitcoin, only if you sell it. But if you never intend to sell it, you will never actually incur a capital gains tax, and even greater… The amazing thing about bitcoin is that assuming that it is digital property, you don’t have to pay Property taxes for simply holding it and owning it.

The scam of physical property?

Let us say you buy a $2 million home in all cash, but still… Even with a nominal 1 to 1.25 or 1.5% property tax, you’re going to be paying like 2000, $2500, maybe even $3000 a month in property taxes, simply for owning the thing. And you’re going to have to pay that forever. 

This is kind of a scary thing… And it seems a little bit weird and unethical; if you own a piece of land, why do you need to pay taxes simply for the right of owning it?

Like for example if I own a gold bar, in this gold bar is my property, I don’t have to pay 1% tax on it, simply for owning it, forever?

Even in some ways, maybe we consider inflation like an indirect tax on you. For example if you have like $1 million of cash just sitting in a checking account, the reason why this is bad is because it is draining economic energy like 15% a year. For example you’re $1 million worth of cash is going to degrade to like 750,000 the first year, $500,000 the next year, $250,000 the next year, down to $125k the next year etc. kind of a really bad situation.

Bitcoin is going to go out forever with volatility

Volatility is energy power and vitality and vigor.

Volatility is power!

So for example, a nuclear reactor is very very volatile, but it is perhaps maybe one of the best blessings for humankind, because if managed in handled properly, it’s like free electricity and power for everyone forever.

Bitcoin is like nuclear economic energy and power. Maybe people are afraid of bitcoin like they are afraid of nuclear power plants. Certainly we do not want a Fukushima,,, but still, certainly in the early adoption years of electricity, I’m sure that there are some people who accidentally electrified themselves to death. 

Also, I am also very certain in the early days of fire, there must have been some caveman who were burned to death.

Or even the early water wheel, I’m sure there are some people who accidentally got crushed to death by it. But we do not ban these things simply because there were a handful of people who died from it.

Bitcoin is the new fire

If you think about Satoshi like being Prometheus, who brought fire to the masses, isn’t this like the greatest blessing of all time?

It seems that Michael Saylor and the like talk about Satoshi with some sort of extremely deep reverence. Even I was shocked.

Also what becomes very interesting about bitcoin in general is that it definitely is starting to become like religious at this perspective. Like even beyond a cult. Religion.

Satoshi as the new Jesus? 

The immaculate conception of bitcoin, Satoshi, giving this gift to humanity, and essentially disappearing forever.

Anybody who claims to be Satoshi, ignore them, they certainly are not. Why? Because 1, million bitcoins is essentially like worth what, $200 billion or something, essentially in the next upcoming months and years you’re going to see Satoshi becoming even richer than Elon Musk. And I’m very certain that within the next 5 to 10 years, you’re going to see Michael Saylor maybe being at least 2 to 3 times richer Than even Elon Musk. 

Anyways if you have that much energy power in wealth and bitcoins, you are not going to want to have anybody know who you are because realistically your life will probably be in peril.

Why Michael Saylor might be the most important individual of all time

Very simple thing… He has literally almost like tripled my net worth in the matter of three months? There is no other human being on the planet who has ever directly or indirectly did this for me?

And the reason why this is such a big deal is once again, now, as a consequence, the cost of living in LA becomes like a joke, really kind of not a big deal, I feel comfortable having 2, 3, 4 or even five kids. 

Economic buffer

Another mistake that people make is that the point of becoming super rich is not to suddenly go out and buy a bunch of silly things. The purpose of the point is instead, to rather, live a more carefree life, less stress less anxieties less annoyance. Dropping $500 on beef ribs at Costco is just like a drop in the bucket.

Becoming more spartan

At this point the only money I spend on myself is my weightlifting equipment, my beef ribs, and maybe some new Vibram five fingers when my shoes fall apart. But besides this, I have like no use for money.

And once again, the goal is to build in stack capital, we all live in capitalism, not “moneyism”.

ERIC KIM CAPITAL a good ring to it.

or

ERIC KIM KAPITAL

---

What is the purpose for the joy of capitalism?

Ironically enough it is once again not really about consumerism, if you were a real capitalist, your joy is more in senior capital stack, not seeing it becoming depleted because you bought some sort of loser Ferrari or Porsche.

I’m still shocked; 95% of water in America, we are simply being baited along by having some sort of allure of some sort of luxury vehicle but isn’t ideal to be like a digital nomad, traveling to Japan and Kyoto, visiting the Hot Springs, or living this luxurious Expat life in Cambodia Vietnam or Thailand?

For example, my friend Todd Hata did it well, he sold his old house in the mountains in LA, and is essentially like on the road 90% of the year, jumping between Mexico City, Thailand, Greece etc. His passion has always been travel, and food and experiences, very wise.

Why bitcoin is good for everyone on the planet

Even if you’re the average American, most people cannot afford to purchase physical property. And once again, if you do the math, after homeowners insurance, Tax, fire taxes,  stuff breaking, having to change the roof, getting a new washer and dryer or dishwasher, upgrading your kitchen, you’re going to bleed yourself dry. And not only that but I think being a homeowner becomes a new consumerist things; spent too much time thinking about how to break down walls to extend your home, build an ADU, update the kitchen whatever. Or expanding your garden, changing the flooring etc.

But don’t you realize that the best thing to do is just be in nature? Or just drive to the Huntington Gardens on the weekend, or just travel to Japan instead? In fact when you go on a flight, and you see all these little tiny homes From Birds Eye view, you realize how ridiculous the desire of homeownership is.

The new desire for bitcoin ownership

I think real estate will be the next sector that bitcoin gobbles up. The average GenZ person doesn’t care for buying a house, they want to just play pickle ball, go hiking and camping, go on road trips, buy the newest iPhone etc. Pursue their hobbies and passions.

Millennials, we are a funny basket case. We used to be like GenZ, wanting to travel to planet, become a digital nomad, etc.… But somewhere along the line, maybe because of Covid, we tried to settle down and buy single-family homes instead? Or condos?

Take it back to the beginning

I’m starting to feel like this is the early the Internet, AOL, AOL 3.0, you got mail, dial up 56K modems etc.

You got bitcoin!

I also like bitcoin because it is just easier to mentally and mathematically remember things. Easier to remember how many bitcoins you have on the top of your head, rather than trying to tabulate all the ones and zeros of all your fake fiat based assets?

Rather than thinking about your net worth, easier to just remember your net bitcoins; 

Whenever I find out that somebody else is into bitcoin, I have zero issues asking them how many bitcoins they own. Why? Because it is still a relatively new field, it is awkward to ask people how much US dollars they have in their savings account, or checking account, Easier to just ask the bitcoin question.

And for me, even owning a single bitcoin is like for me, owning like a square block of digital Manhattan or Kyoto. You know these rich families that own huge plots of land in desirable locations? Yeah, that’s like bitcoin.

The new digital Beverly Hills

A single-family home in Beverly Hills is what like at least 5 million, 10 million, 25 million, 50 million? 100,000,000?

My personal projection is if you tag the price of a bitcoin to desirable real estate in the Brentwood Hills or something, just think about what the land is worth for the Getty museum. Or like owning a piece of land or property next to the PCH in Malibu. But actually if you think about it, the value of a single bitcoin is worth 1 trillion times more than even the best property in Malibu. Why? The dangers of owning physical property, landslides, Robberies, general maintenance. The fear that your housekeeper is stealing your stuff.

For example, how comfortable are you leaving your $200,000 Rolex just sitting around? Probably not very comfortable.

Consolidate all of your assets into bitcoin?

Bitcoin is the new family jewels. Take all of your scarce desirable assets like your Rolexes, your Leica, your Porsche and just buy bitcoin instead.

Because once again , to have any sort of physical property in the physical realm is a liability not an asset.

I’m starting to feel more bullish, increasing my target price of bitcoin to at least $55 million a coin. Probably higher.

So if that’s the case, if you took a $10,000 Rolex, and sold it, assuming that bitcoin is around $95,000 of bitcoin right now, even lower at 89,000 of bitcoin or even $85,000 of bitcoin, whatever it may… Is massive upside.

---

611x

The $6 million Rolex?

---

Just funnel your inheritance money into bitcoin 

Once again, so many of these things are just liabilities. I hate the fear of having to remember where I left it, and whether it is safe, whether it was stolen or not or whatever. Rather than putting your scarce desirable things into a physical vault, isn’t it far safer for it to be in a cyber Vault, on the Blockchain?

The Blockchain is the new cloud

What is the Blockchain,? It is like the cloud on steroids, with 1000 X more security power and cryptographic security.

It took a long time for people to trust putting files on the cloud, or photos on the cloud, but now it seems like the obvious decision.

I think the reason why I like Coinbase is that rather than having to memorize some keys in my head and have a hardware physical wallet, and knowing myself I am quite forgetful, you don’t want to lose like $1 billion worth of bitcoin because you forgot your password. I think this is also where this is a huge opportunity for Apple; if we have all of our bitcoin passwords and keys linked to our iCloud account, certainly we will never stop purchasing Apple devices. Even bigger, if Apple makes their own bitcoin ecosystem to custody your bitcoin in your Apple ID wallet, This could actually disrupt the whole Coinbase market. Let us consider that most of us have Apple Pay already enabled, how easy would it be to just buy bitcoin directly from your iPhone using Apple Pay? And it could be simple, you could just buy 10 bucks here, 20 bucks here, 50 bucks here, 100 bucks here etc.

I don’t have an Apple credit card or bank account, but this seems like a good idea.

Let the markets go free!

I hate the weekends because the markets are closed. I would prefer a world in which my micro strategy stock could trade 24 7, 365, every day all day every day, on binance fidelity or something else.

Apparently in 1933, the way that the traditional stock market was structured was actually to legitimately create a cartel. This is like the almost the exact opposite of American values of freedom, self sovereignty and freedom.

Michael Saylor had a very interesting idea; why can you not own Apple stock directly on your Apple iPhone? There is nothing unethical about it. And technologically, we live in the year 2024 of course could be physically possible. Even the stock market is mostly driven by robots, you no longer have guys on the slips of paper. It ain’t like the Wolf of Wall Street. It’s like the wolf of cyber Wall Street.


Physical property has too many risk factors?

Even here in Culver City, kind of like peak LA, there are so many businesses which are getting shut down like even me and Seneca’s beloved shake shack, and even more shockingly today, chipotle.

If these trusted namebrand businesses are struggling in going out of business because we cannot afford to pay the rent or whatever… Isn’t this pretty bad?

And also, physical entropy. Once again, if you want a physical house, shit will always break and you’re going to have to be liable for it.

Intelligent rent leverage

If you have an amazing landlord who always fixes everything super fast, even put in brand new appliances for you, leverage and milk that forever.

Even we told our landlord that our washer washing machine had a little bit of rust in it, immediately sent in his team and installed a totally brand new Samsung washer and dryer , which might have caused like $5000 $6000?

Even another thing that was interesting, there were some palm trees which were growing on top of the roof, and he just sent in a team to get it all cut down and fixed up?

Even we had some issues with our electricity and water and water heater, once again he snapped his fingers and got it all resolved in a day or two, while me and Seneca having a fun adventure at the park.

Your Archimedes lever in life

For myself, my core competency is within writing thinking blogging vlogging etc.  from an economic perspective it kind of makes no sense for me to waste my time having to manage a home and fix things.

I would rather manage thoughts ideas, big visions?

---

Start stacking today!

BITCOIN BY KIM >

Free 99

Buy the future:

December 14, Saturday 2024: Introduction to Bitcoin FREE Open Source Online Workshop ZOOM (10am-noon, Pacific, Los Angeles California Time) – REGISTER HERE FREE >

EK WORKSHOPS >

---

Think different, be different!

START HERE >

---

Do you want to be happy or happier, the best way to do it is to purchase accumulate and acquire bitcoin, like taking your economic happiness and energy, and putting it into an infallible bitcoin.

---

Why bitcoin makes sense for digital nomads

So assuming that you’re living in Mexico City, Thailand, Vietnam Cambodia Laos, off the grid, and you love being off the grid, not being tied down by anything… Bitcoin is the ultimate freedom energy economic power property you can own.

For example, I think one critical mistake a lot of millennials make is they want to buy some sort of like weird off-roading Mercedes sprinter van, and they essentially like a homeless people in RV parks?

Nontraditional ideas

So for myself, I’ve always had a passion for nontraditional idea paths etc.

To be contrarian means to just go against the herd.

So for example, even though I’m a huge fan of Tesla and Elon Musk, am I the only successful millennial person individual, super rich who would actually prefer having a Toyota Prius or maybe now, the Lexus TX car?

I think there’s a lot of press about you being able to camp and live in a cyber truck, and I think it’s a great idea, but, I find it actually much more practical to get like maybe a Lexus TX Plugin hybrid car, the ultimate luxury SUV minivan, and just sleep and live in the trunk of that? The side is once again, the plug-in hybrid concept is still the most best double leverage thing you can get; the side of gasoline, which power is like 90% of humanity, and also, electricity, the Hybrid engine, as well as the plug-in capability.

Something that people don’t really talk about is that the upside of having a hybrid car is that when you idle, most often times it is silent. This is phenomenally fantastic if you’re taking a nap in the car with your kid! No solo gasoline car is worth it; either hybrid, plug-in hybrid or nothing. 

a vehicle is bad

Once again, even today… We are still stuck in this slave like mentality of vehicle ownership. I suppose the good thing about having an old Prius is that it never feels like a liability. If somebody steals it, hit it I could care less.

Also pro tip, if you have peeling paint or something on your car, just order some 3M matte black vinyl vehicle wrap online, cut it yourself and just stick it on like a sticker! Looks very cool.

Lunar white

Another funny trend, everyone in LA wants to murder at their cars in all black, but, this is a positively bad idea because Los Angeles is essentially a desert with lots of dirt particles in the air, the ideal car color is either white or some sort of desert tan color; any color which does not show dirt.

And also a lot of these fools don’t understand is that if you have a black vehicle, you’re going to get cooked alive in the summertime!

Make white cool again

The funny thing is actually… When I was a kid growing up, nobody wanted to own a black car. A sports car was universally red; everyone wanted the red Integra type R, with the gloss white rims.

Vehicles and society

I could care less about your four bitcoin Ferrari, or your two bitcoin Lamborghini. Or your one bitcoin cyber truck.

What is super interesting and fasting about bitcoin is that it is almost like wealth on wheels. And only that but it is like the ultimate type of wealth and property you could actually own. Why? It is like perpetually in your mind in your head and your soul; and it is not physical, yet it is real and exists.

A lot of people don’t understand what this point is, they think that it is fake money. But no, bitcoin is digital cyber capital, which is 1 trillion times more profound as an idea.

Why? If you could teleport a skyscraper into cyberspace, make it immortal, immutable, indefinitely divisible, with no property tax, no mayor trying to put regulations on you, no death in decay, no annoying tenants etc.… You essentially have perfected digital and cyber capital And property. 

Why do people even purchase real estate in the first place?

Traditionally, in the past, you only purchased real estate not for the utility purposes, but rather, as a long-term store value and or maybe income generation?

The difficult thing is at best, you have to skillfully manage your real estate and property, get good tenants, collect the rent, but still you might have to deal with Insurance, things breaking, changing zoning laws in your local city or area, etc.

no property taxes

I think this is a hard thing for a lot of people to understand is that you cannot tax bitcoin, only if you sell it. But if you never intend to sell it, you will never actually incur a capital gains tax, and even greater… The amazing thing about bitcoin is that assuming that it is digital property, you don’t have to pay Property taxes for simply holding it and owning it.

The scam of physical property?

Let us say you buy a $2 million home in all cash, but still… Even with a nominal 1 to 1.25 or 1.5% property tax, you’re going to be paying like 2000, $2500, maybe even $3000 a month in property taxes, simply for owning the thing. And you’re going to have to pay that forever. 

This is kind of a scary thing… And it seems a little bit weird and unethical; if you own a piece of land, why do you need to pay taxes simply for the right of owning it?

Like for example if I own a gold bar, in this gold bar is my property, I don’t have to pay 1% tax on it, simply for owning it, forever?

Even in some ways, maybe we consider inflation like an indirect tax on you. For example if you have like $1 million of cash just sitting in a checking account, the reason why this is bad is because it is draining economic energy like 15% a year. For example you’re $1 million worth of cash is going to degrade to like 750,000 the first year, $500,000 the next year, $250,000 the next year, down to $125k the next year etc. kind of a really bad situation.

Bitcoin is going to go out forever with volatility

Volatility is energy power and vitality and vigor.

Volatility is power!

So for example, a nuclear reactor is very very volatile, but it is perhaps maybe one of the best blessings for humankind, because if managed in handled properly, it’s like free electricity and power for everyone forever.

Bitcoin is like nuclear economic energy and power. Maybe people are afraid of bitcoin like they are afraid of nuclear power plants. Certainly we do not want a Fukushima,,, but still, certainly in the early adoption years of electricity, I’m sure that there are some people who accidentally electrified themselves to death. 

Also, I am also very certain in the early days of fire, there must have been some caveman who were burned to death.

Or even the early water wheel, I’m sure there are some people who accidentally got crushed to death by it. But we do not ban these things simply because there were a handful of people who died from it.

Bitcoin is the new fire

If you think about Satoshi like being Prometheus, who brought fire to the masses, isn’t this like the greatest blessing of all time?

It seems that Michael Saylor and the like talk about Satoshi with some sort of extremely deep reverence. Even I was shocked.

Also what becomes very interesting about bitcoin in general is that it definitely is starting to become like religious at this perspective. Like even beyond a cult. Religion.

Satoshi as the new Jesus? 

The immaculate conception of bitcoin, Satoshi, giving this gift to humanity, and essentially disappearing forever.

Anybody who claims to be Satoshi, ignore them, they certainly are not. Why? Because 1, million bitcoins is essentially like worth what, $200 billion or something, essentially in the next upcoming months and years you’re going to see Satoshi becoming even richer than Elon Musk. And I’m very certain that within the next 5 to 10 years, you’re going to see Michael Saylor maybe being at least 2 to 3 times richer Than even Elon Musk. 

Anyways if you have that much energy power in wealth and bitcoins, you are not going to want to have anybody know who you are because realistically your life will probably be in peril.

Why Michael Saylor might be the most important individual of all time

Very simple thing… He has literally almost like tripled my net worth in the matter of three months? There is no other human being on the planet who has ever directly or indirectly did this for me?

And the reason why this is such a big deal is once again, now, as a consequence, the cost of living in LA becomes like a joke, really kind of not a big deal, I feel comfortable having 2, 3, 4 or even five kids. 

Economic buffer

Another mistake that people make is that the point of becoming super rich is not to suddenly go out and buy a bunch of silly things. The purpose of the point is instead, to rather, live a more carefree life, less stress less anxieties less annoyance. Dropping $500 on beef ribs at Costco is just like a drop in the bucket.

Becoming more spartan

At this point the only money I spend on myself is my weightlifting equipment, my beef ribs, and maybe some new Vibram five fingers when my shoes fall apart. But besides this, I have like no use for money.

And once again, the goal is to build in stack capital, we all live in capitalism, not “moneyism”.

ERIC KIM CAPITAL a good ring to it.

or

ERIC KIM KAPITAL

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What is the purpose for the joy of capitalism?

Ironically enough it is once again not really about consumerism, if you were a real capitalist, your joy is more in senior capital stack, not seeing it becoming depleted because you bought some sort of loser Ferrari or Porsche.

I’m still shocked; 95% of water in America, we are simply being baited along by having some sort of allure of some sort of luxury vehicle but isn’t ideal to be like a digital nomad, traveling to Japan and Kyoto, visiting the Hot Springs, or living this luxurious Expat life in Cambodia Vietnam or Thailand?

For example, my friend Todd Hata did it well, he sold his old house in the mountains in LA, and is essentially like on the road 90% of the year, jumping between Mexico City, Thailand, Greece etc. His passion has always been travel, and food and experiences, very wise.

Why bitcoin is good for everyone on the planet

Even if you’re the average American, most people cannot afford to purchase physical property. And once again, if you do the math, after homeowners insurance, Tax, fire taxes,  stuff breaking, having to change the roof, getting a new washer and dryer or dishwasher, upgrading your kitchen, you’re going to bleed yourself dry. And not only that but I think being a homeowner becomes a new consumerist things; spent too much time thinking about how to break down walls to extend your home, build an ADU, update the kitchen whatever. Or expanding your garden, changing the flooring etc.

But don’t you realize that the best thing to do is just be in nature? Or just drive to the Huntington Gardens on the weekend, or just travel to Japan instead? In fact when you go on a flight, and you see all these little tiny homes From Birds Eye view, you realize how ridiculous the desire of homeownership is.

The new desire for bitcoin ownership

I think real estate will be the next sector that bitcoin gobbles up. The average GenZ person doesn’t care for buying a house, they want to just play pickle ball, go hiking and camping, go on road trips, buy the newest iPhone etc. Pursue their hobbies and passions.

Millennials, we are a funny basket case. We used to be like GenZ, wanting to travel to planet, become a digital nomad, etc.… But somewhere along the line, maybe because of Covid, we tried to settle down and buy single-family homes instead? Or condos?

Take it back to the beginning

I’m starting to feel like this is the early the Internet, AOL, AOL 3.0, you got mail, dial up 56K modems etc.

You got bitcoin!

I also like bitcoin because it is just easier to mentally and mathematically remember things. Easier to remember how many bitcoins you have on the top of your head, rather than trying to tabulate all the ones and zeros of all your fake fiat based assets?

Rather than thinking about your net worth, easier to just remember your net bitcoins; 

Whenever I find out that somebody else is into bitcoin, I have zero issues asking them how many bitcoins they own. Why? Because it is still a relatively new field, it is awkward to ask people how much US dollars they have in their savings account, or checking account, Easier to just ask the bitcoin question.

And for me, even owning a single bitcoin is like for me, owning like a square block of digital Manhattan or Kyoto. You know these rich families that own huge plots of land in desirable locations? Yeah, that’s like bitcoin.

The new digital Beverly Hills

A single-family home in Beverly Hills is what like at least 5 million, 10 million, 25 million, 50 million? 100,000,000?

My personal projection is if you tag the price of a bitcoin to desirable real estate in the Brentwood Hills or something, just think about what the land is worth for the Getty museum. Or like owning a piece of land or property next to the PCH in Malibu. But actually if you think about it, the value of a single bitcoin is worth 1 trillion times more than even the best property in Malibu. Why? The dangers of owning physical property, landslides, Robberies, general maintenance. The fear that your housekeeper is stealing your stuff.

For example, how comfortable are you leaving your $200,000 Rolex just sitting around? Probably not very comfortable.

Consolidate all of your assets into bitcoin?

Bitcoin is the new family jewels. Take all of your scarce desirable assets like your Rolexes, your Leica, your Porsche and just buy bitcoin instead.

Because once again , to have any sort of physical property in the physical realm is a liability not an asset.

I’m starting to feel more bullish, increasing my target price of bitcoin to at least $55 million a coin. Probably higher.

So if that’s the case, if you took a $10,000 Rolex, and sold it, assuming that bitcoin is around $95,000 of bitcoin right now, even lower at 89,000 of bitcoin or even $85,000 of bitcoin, whatever it may… Is massive upside.

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611x

The $6 million Rolex?

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Just funnel your inheritance money into bitcoin 

Once again, so many of these things are just liabilities. I hate the fear of having to remember where I left it, and whether it is safe, whether it was stolen or not or whatever. Rather than putting your scarce desirable things into a physical vault, isn’t it far safer for it to be in a cyber Vault, on the Blockchain?

The Blockchain is the new cloud

What is the Blockchain,? It is like the cloud on steroids, with 1000 X more security power and cryptographic security.

It took a long time for people to trust putting files on the cloud, or photos on the cloud, but now it seems like the obvious decision.

I think the reason why I like Coinbase is that rather than having to memorize some keys in my head and have a hardware physical wallet, and knowing myself I am quite forgetful, you don’t want to lose like $1 billion worth of bitcoin because you forgot your password. I think this is also where this is a huge opportunity for Apple; if we have all of our bitcoin passwords and keys linked to our iCloud account, certainly we will never stop purchasing Apple devices. Even bigger, if Apple makes their own bitcoin ecosystem to custody your bitcoin in your Apple ID wallet, This could actually disrupt the whole Coinbase market. Let us consider that most of us have Apple Pay already enabled, how easy would it be to just buy bitcoin directly from your iPhone using Apple Pay? And it could be simple, you could just buy 10 bucks here, 20 bucks here, 50 bucks here, 100 bucks here etc.

I don’t have an Apple credit card or bank account, but this seems like a good idea.

Let the markets go free!

I hate the weekends because the markets are closed. I would prefer a world in which my micro strategy stock could trade 24 7, 365, every day all day every day, on binance fidelity or something else.

Apparently in 1933, the way that the traditional stock market was structured was actually to legitimately create a cartel. This is like the almost the exact opposite of American values of freedom, self sovereignty and freedom.

Michael Saylor had a very interesting idea; why can you not own Apple stock directly on your Apple iPhone? There is nothing unethical about it. And technologically, we live in the year 2024 of course could be physically possible. Even the stock market is mostly driven by robots, you no longer have guys on the slips of paper. It ain’t like the Wolf of Wall Street. It’s like the wolf of cyber Wall Street.


Physical property has too many risk factors?

Even here in Culver City, kind of like peak LA, there are so many businesses which are getting shut down like even me and Seneca’s beloved shake shack, and even more shockingly today, chipotle.

If these trusted namebrand businesses are struggling in going out of business because we cannot afford to pay the rent or whatever… Isn’t this pretty bad?

And also, physical entropy. Once again, if you want a physical house, shit will always break and you’re going to have to be liable for it.

Intelligent rent leverage

If you have an amazing landlord who always fixes everything super fast, even put in brand new appliances for you, leverage and milk that forever.

Even we told our landlord that our washer washing machine had a little bit of rust in it, immediately sent in his team and installed a totally brand new Samsung washer and dryer , which might have caused like $5000 $6000?

Even another thing that was interesting, there were some palm trees which were growing on top of the roof, and he just sent in a team to get it all cut down and fixed up?

Even we had some issues with our electricity and water and water heater, once again he snapped his fingers and got it all resolved in a day or two, while me and Seneca having a fun adventure at the park.

Your Archimedes lever in life

For myself, my core competency is within writing thinking blogging vlogging etc.  from an economic perspective it kind of makes no sense for me to waste my time having to manage a home and fix things.

I would rather manage thoughts ideas, big visions?

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Video podcast

Audio

I don’t think I know any human being on the planet who doesn’t want to be rich, or tries to increase their worth their net worth etc.

Doesn’t matter if you’re an investor, work for a charity, a church etc. Money and capital are critical, it is like our economic life blood.

For example, maybe you should think about blood. Blood is a critical and essential. Nobody could survive or thrive without blood.

Now imagine… That somebody is taking your help four-year-old child, in drawing a pint of blood from them a day. What is going to happen to the health of your kid? It will severely stunt his growth, or positively kill him.

Another thing… Imagine like you’re eating only rancid food your whole life, and the theory, you’re not going to die from it, but… Ain’t nobody want to eat rancid food.

Or, let us assume that you’re consuming certain foods to just keep you alive, like beans, but everyone knows that beans cause flatulence, even an ancient Roman times, and technically raw beans are toxic. Lagoons, naturally do not want to be eaten or consumed. And therefore the toxic shell membrane they create is probably to ward off predators.  And we clever humans, devised of ingenious ways to boil the shit out of them, just simply make them edible and not kill us. And the truth is, if you only ate beans you would not die, but… If you want to be the most demigod of them all, obviously you’re not going to be some sort of poverty person just consuming beans for some sort of strange higher altruistic purpose? Instead, you feast on the finest the bone marrow, the finest lamb ribs, just think about the hut of Achilles, what did he eat, and feed his guests?

Building empire on true capital

You know how they talk about life before Jesus life after Jesus, BC and AD… I am quite certain that a similar concept will happen with Satoshi. Like before Satoshi, life BS (before Satoshi, haha sounds like BS), and life AFTER Satoshi (AS).

 so the issue with being a modern day human or even American is that so much of the economic policies are obfuscated from the general public. For example. When I was in Saigon, in Vietnam off the grid, I had some time to critically think about economic theory and the like, to really try to critically understand on how currency is printed, made dominant around the planet, supported by US military force etc.

In fact, if you think about the whole American the US military complex, it is basically focused on pumping money into the military industry, in order to assert military dominance on the planet, so all the weaker nations will have to force to use our dollars and accept and use our dollars, And also… America being able to pile on infinite debt obligations, knowing that she never intends to pay any of it back.

Trillions of dollars of debt?

So if we think about that, we know about debt in context of just being a normal human being, we don’t really know and understand debt in terms of an American national policy.

For example, as a human being there’s a certain point in which numbers don’t really mean anything anymore. For example, I told you that the American national debt was 900 trillion, 45 trillion, $10 trillion, $18.3 trillion, would you be able to really understand or grasp this? Of course no!

We daily humans, assume that you’re making like I don’t know 40,000 60,000, $80,000 a year… Which means maybe let us say that after taxes you’re pulling in like five to $6000 a month. If this is the case, the law of large numbers; at a certain point certain numbers don’t really mean anything to us, nor are they connected to reality.

For example, the average American has never seen $1 million in their checking account or their bank balance, let alone 10 million, 100 million, 1 billion, 10 billion, 100 billion etc. 

There is a certain point in which numbers, ones and zeros, don’t really register in our brains.

Math and numbers are not natural

I always make the joke that I’m an Asian who is really really bad at math. And even now I am.

And ironically enough, out of all my friends or typical normal human beings I know, besides Elon Musk and Michael Saylor, I am like by far the most successful innovator entrepreneur and investor of all time. I know no other human in the flesh who has stacked as many bitcoins as I have, and pretty much for the most part I never had to ever or I never panic sold any of my bitcoin. Besides selling some bitcoin like three years ago to just max out my Roth IRA contribution for the year, which ultimately I guess was a good idea because that money went into microstrategy MSTR, which is growing at an alarming rate, – fortunately I had the wisdom of Odysseus; covering my ears and eyes with digital beeswax. 

Zen training

About it, in hindsight, maybe one of the most interesting things I did was quit email in the year 2017. I might check my email like every six months or so for like authentication codes to sign into random portals, but besides this, I no longer really use email as a form of communication. If I’m doing like a workshop and I need to communicate some sort of critical information,  then I’ll just copy and paste a bunch of emails, linked to Google sheets or something to send out a Zoom link or something. But besides this, email is really kind of a not good form of communication. Let us consider, i’m almost starting to feel like sending emails like sending a fax in the year 2024. I actually find it 1 trillion times more better to just FaceTime people as needed, — just think about it… All these sci-fi movies in the past, when they communicate with some sort of computer or AI, how do they do it? When you’re chatting with Jarvis it is all just a voice, and then you do the 3-D hologram thing with your hands like Tony Stark. Or if you’re Tony Stark in the Iron Man suit, what do you do? You talk to Jarvis naturally, when Jarvis is inside your helmet. In fact, I believe that the original Iron Man might be one of the best films of all time, I intend on watching it again.

Anyways, once again, there is no exciting movie which is actually about somebody taking out a phone like an iPhone and either sending you a text message quietly, and or, sending a long tedious email? This will not make a fun movie.

Anyways, as a consequence, I think the best concept is thinking about information information flows more critically, harder stronger faster. But knowing how to filter it.

The first idea is Twitter and X. It might be the world‘s newest most valuable and only useful social media platform, now that Elon Musk runs the show, and I’m like 1000% Elon, it is really truly the best and only place to get critical information about financial news etc. My thought is traditional news outlets will die a slow gradual death, just like blockbuster.

It’s funny, because I remember when I was in college, and I already saw my roommate Kevin ordering Netflix DVDs in the mail, which at the time I thought was very bizarre, but I knew that blockbuster was on the way out. I wanted to short blockbuster, but eventually did not because I just didn’t know how to do it, even now I’m not quite sure how to short a stock, it just seems too complicated.

Eric Semler

ERIC Semmler, one of the head honchos at semler scientific, is also on the bitcoin standard, using bitcoin yield, BTC yield as a measure of positive performance.

Funny enough he also shares my name.

Anyways, I listen to an interview between him and Natalie Brunel, and something was interesting was ERIC who has been in the game for a long time, the century said that shorting stocks is actually really really difficult and very rarely profitable. Rather a lot better to instead, to just go along in a positive way for a stock. And also I agree from a philosophical perspective, voting on the success of something, and voting on the success of a stocking company, to me almost morally an ethically feels superior; the reason being is that it just feels more positive and constructive. And also it might be more profitable?

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Optimism and positivity is more profitable

Investing in bitcoin is kinda good for everybody, even if you’re like kind of anti-establishment, anti-capitalism… Bitcoin is a positively good thing. Why? If you invest in bitcoin and you purchase bitcoin, and you put yourself in your family on a bitcoin standard, the upside and positivity is that You are essentially giving a middle finger to the establishment, the “man”.

For example, anybody who is a non-conformist, punk rock, into rapper hip-hop culture whatever… Steve Jobs follower, etc., should be for bitcoin. Why? Because once again, it is anti-mainstream!

Even now, bitcoin is pretty much mainstream now. Whenever you check any of the news channels, what is the best news all the time, all day every day? Bitcoin! It is the only interesting news which is happening on the planet, and will always be the best news of all time.

In fact, my thought is ultimate new most important media people personalities etc. will be essentially people who work in TV Cinema media rappers podcast musicians bloggers vloggers thought leaders who philosophies and create content about bitcoin.

First, Bitcoin is like the new iPhone.  except the upside is that instead of every six months or a year or a year and a half, bitcoin is getting updated, all day, every day, every minute on the planet.

So for example, with the iPhone and Apple… All these Fan boys just jerking off to Apple rumor news, waiting for the next next next next big thing to come out that will totally change and revolutionized their lives creativity etc. But, come on guys, we’re all technologists here and digital natives– don’t we already know that the solution is staring in our face, bitcoin?

Why would a tech person be anti Bitcoin?

If you’re the type of person like you always want the newest iPhone Pro, Tesla, cyber truck, iPad Pro etc., isn’t also the same ethos be that you should always want the newest monetary technology which is bitcoin?

Once again, very bizarre.

Let us say you work at Apple Amazon Facebook Google Meta etc.… And your program or a software engineer, a developer, or somebody who works “tech”– is there any irrational reason you should be anti-bitcoin? No!

I would say maybe the only negative downside is if you work in tech and you are a lemming. Even now Reddit is dead; if you’re still on Reddit, you’re not it. 

Also, maybe the issue here is that you’re kind of old enough now, and you’re kind of mildly successful, but maybe the issue here is that too much of your net worth is tied into your company dog? Just sell it guys, buy bitcoin instead, And or just buy micro strategy MSTR stock instead.

The goal is to retire early isn’t it?

It doesn’t matter if you’re being paid like $10 million a year at Apple Amazon Google Facebook, nobody actually wants to be there. Maybe besides Tim Cook?

Let us consider, all of the innovators have left Apple. Jony Ive, and some people that I know who was in the head of the Apple Photos team.

The only ones who have stayed at the big companies is that maybe, they’re stuck in a rut, maybe they have a mortgage to pay or something.

Never have a mortgage

If you do the maths a mortgage is actually insanely expensive like 10,000 or $11,000 a month? To even pour more money into a sink sink hole, which has true negative yield? A very very bad idea.

It’s almost like it’s super cold outside, and you want to warm up by taking a nice hot bath. Can you turn on the bathwater, and you put up the plug, but, you kind of either leave the drain plug unplugged like halfway, or, You have it totally unplugged. So even if the water faucet is strong and the water is flowing into your tub at a quick rate, the rate in which the water goes down the drain might either be equal or lower than your input of water.

So maybe the same thing with income, like inflow, or like flowing hot water. Assuming you want a nice hot tub of water, you want to drain the plug, stop the plug, stop it up 100%, and you want the hot water to rise and fill! Maybe we should think about the same thing with investing, and money leverage,

Stop the water loss!

Ways in which we lose our economic water

We lose it when we have a mortgage on the home, and even a more pernicious thought; property taxes. Like let us say you buy that $2 million home in all cash, you’re still gonna be paying like 2500 or $2600 a month and adjust property taxes, which almost like attaching a leech to yourself which no matter what, the leech just sucks the blood out of you with no benefit to you.

Now I am all for taxes, taxes are good. Yet, because I’ve just rented my whole life, property ownership home ownership even owning a single-family home seems like such a scam; you buy the lot for like $1.1 million, you add an ADU additional dwelling unit in the back for like $350,000, and then you try to flip it for like $200,000 More? Isn’t it just way easier to just buy bitcoin instead?

Time cost to capital

The big reason is the cost to capital; all the headache and time to find the contractor to build the house, fix it up, renovate it, dealing with permits and all these headaches; and also your time cost to capital; so much time and headache and communication back-and-forth, is not really worth it. 

At this point because I’m dumb rich, to me the finances and the money aspect doesn’t really bother me, more of my concern and fear and dread is about having to deal with some sort of degenerate contractor, who buy the laws of physics and entropy will always be Late, more expensive, and will probably take one or two years longer than you expect.

don’t trust contractors

If you plan on doing the home thing, maybe the best idea is just approach things as if you will never hire help or a contractor? Then this way it could become more of a creative endeavor, and also, you know that you will never blame anyone else but yourself?

Even like changing your own oil, the virtues of changing your own oil is pretty funny; I hate feeling ripped off, and I always feel super stupid for paying somebody else to change my oil. Even though it’s a huge pain in the butt for me to do it myself, I just have like 1 trillion times more joy and pride that I changed my own oil in my 2010 Prius, With mobile 1 full synthetic, and a K&N performance oil filter. It’s funny when I drive, I always have a huge grin and sense of pride on my face because I knew that I changed my own oil, 1 trillion more times happiness than even maybe driving a cyber truck or a Lamborghini? Nobody cares about your four bitcoin Ferrari; Once again, what I find so disruptive is that now… You will feel more joy pride and happiness to own the bitcoin, because you will always remember the number in your head in your mind, and you’ll always smile when you see the price exploding, rather than being stuck in a Diluted asset, whether does that be your yacht, Ferrari or Lamborghini. Or even your Porsche.

If you really want to be happy, the optimal strategy assuming that you like own more than one car, or you don’t really need some sort of expensive performance vehicle that guzzles 91 octane gas, then I think optimal strategies to sell the extra car, and just buy bitcoin! In fact, if your goal is to actually make more money to upgrade to the next car, a funny strategy then is to just invest in bitcoin, write it up, make a shit load of money, and then just sell some of it later, to buy your next car.

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Free open source introduction to bitcoin online zoom workshop

I’m super excited, the first time ever, I’m doing a free online open source zoom workshop, and don’t worry I will record it and post it later and share it with you because I feel like this is my new ethical imperative.

I’m going to do it December 14, Saturday 10am to noon, Pacific time LA TIME.

 to register for the workshop to get the Zoom link, just fill out your email informed here, and before the workshop date, maybe like a day prior or so, I’ll email you with a Zoom link.

FREE BITCOIN WORKSHOP REGISTRATION FORM

You could also see some more details here.

Essentially my vision is I just want to do a soft introduction to bitcoin the philosophy of it etc., the first hour hour and a half will just be like introductions and my lecture, and then I will leave some time at the end for questions and answers. It might go a bit over but whatever. 

It will be totally 100% open and free, and also open source, so feel free to send the link to your friends, your mom or your dad who doesn’t really understand bitcoin, also I am fluent in Korean and Vietnamese, and also Spanish if you have some sort of bilingual parents you want to bring along.

> FREE BITCOIN WORKSHOP REGISTRATION FORM

You could also see some more details here.

Also,

ERIC KIM WORKSHOPS >

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How to get started

1. Michael.com or hope.com
2. Follow @Saylor on Twitter x
3. Read “The Bitcoin Standard”– basically it is a soft introduction to monetary history, which is super fascinating
4. Watch the whole “what is money”, series with Michael Breedlove and Michael Saylor.
5. If you want to learn more about monetary philosophy, read the Emily Wilson translation of the Iliad, and think about how is it that in the world before money they were able to function just with oxen?
6. Google the free PDF of “Della Moneta” by Fernandinho Galliani — probably the most interesting book I’ve read on the philosophy in history on money, published like 300 years ago.

More thoughts to come!

EK BLOG

EK NEWS

And also whenever in doubt,

START HERE >

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I’m warm as a mother fucker!

Heat loss?

So currently random thoughts;; about thermodynamics and heat loss. Assuming that energy is not created nor destroyed, what that then means is if we think about shit hit loss, is that technically your body is already a perfectly thermal regulated closed system. This was really really hard for me to understand when I was young, even now… The idea that when you put on a thick ass warm down jacket, or a Canada goose jacket or whatever, your body is not “creating” heat“, rather it is just preserving the heat inside your body so that your body is not losing heat.

The best way to warm up your house or home or habitat or habitation

Los Angeles is actually kind of bizarre; on one hand, during the day like yesterday, it was an extremely glorious 71, 72, 73°, absolutely beautiful. And this is like the end of November, practically early December? I still recall when I was a undergraduate at UCLA, walking down Bruin walk, and being shocked that in the middle of December, I saw all these pretty and sexy girls walking down Bruin walk, in tank tops, Spaghetti straps, booty shorts?

Even yesterday, seeing all these happy young people, basking the sun, once again, all these beautiful and pretty girls, just wearing black Lululemon tights, and black Lululemon top sports bras.

Anyways, the thing that is really shocking to me is that night it gets cold as shit. Like I think in the evening, Los Angeles could dip down to the high 30s? Like if it is super super late or super super early before the sun comes up, it is like 38° outside? But when the sun comes out, it could be a beautiful 73°?

Anyways, but that then means is that for your apartment your house habitation or whatever, the number one critical thing you do is just seal up the doors, get rid of the holes the drafts, etc., and just prevent heat loss!

For example, probably one of the most joyful things for myself at least, was the glory of living at this really really wonderful high-rise condo building, the edge in Providence Rhode Island. The apartment was super super tiny, feels like a 300 square-foot studio, at the time it was just me and Cindy, but what I personally loved about it, then seeing an extreme joy that had was my room the room, the whole apartment, the whole apartment building and complex, and also even the gym, Was like always a perfect 72° and warm, idregardless of whether there was a snowstorm outside. I still remember, complaining to Cindy that I was too hot in bed, taking off my blankets, complaining that was too sweating, and then just looking outside and seeing that it was snowing outside.

Anyways, I think the thing that is difficult to think and understand is that if you buy these nice single-family homes, and then it gets cold as shit at night, good luck trying to thermo regulate it.

I don’t know maybe I’m more sensitive to the cold than the average person, because I’m like 5% or even sub 5% body fat; which means is that I fucking hit the cold. To me Cold is evil.

What that means is anything that you could do to prevent heat loss or the cold is a good thing. And that just means if you’re cold, just buy really really ultra warm UNIQLO heat tech tights, which actually worked insanely well, as well as just like put on a merino wool long sleeve, a down vest, and a thick ass down jacket.

Just focus on doing what you’re good at 

One big idea I had was in regards to an Archimedes lever– just focus on what you’re super super insanely good at, and just ignore everything else.

What that means is with houses, housing stuff, etc., the ideal is that you never have to muck around with any housing stuff.

For example, I like the idea of leveraging other people, like what that means is just let other people focus on what they’re good at, for example, things that I’m not good at include like doing anything about house stuff house repairs house maintenance etc. I think the unfortunate trend is post Covid, you had a bunch of successful millennials, kind of like myself, in their 30s, late 30s, early 40s, etc. purchasing single-family homes, and like hunkering down during and post Covid, because people can no longer travel to Japan or whatever, they just spent all the money they would have otherwise spent on travel to purchase a single-family home, get into gardening etc.

Yet, that was like 2020, 2019. Times have changed.

We are now, witnessing this new movement, a totally radical paradigm shipped, even words failed to describe how phenomenally epic this all is.

Essentially bitcoin hit $100K yesterday, or maybe in the middle of the night, or like to be more accurate like $99,510 or something, but it’s funny when you look at the prices, you have all these short sellers trying to short bitcoin and microstrategy, I think there’s actually a new ETF which is minus 2X MSTR (MSTZ), which long story short, is trying to make a huge profit off of the downturn of MicroStrategy and bitcoin. So for all the bulls, all the people who think bitcoin and micro strategies going to go down, they are essentially shorting bitcoin and microstrategy. 

You cannot stop exponential growth even if you want to.

This is starting to feel like the early days of Facebook like I still recall the early days of Facebook in which there was no newsfeed. I made an account when I was like a freshman in college, because at the time Facebook was only open to university students, you needed a “.edu” account to even sign up.  And the growth was pretty astronomical. At first it was just like university students, I still remember the early days where you would flirt with girls you liked by “poking” them. There was not yet any direct messages you could only post on the walls, which was 100% public. Even at the time, Mark Zuckerberg said that advertisements were lame, there was no newsfeed, no ads. You actually had to click into somebody’s profile to just check up on them. There was no status updates really yet,

iPhone, iMessage, even Kakaotalk?

How do you know if somebody is Korean or not? Simple, if they have kakaotalk, and or if they have that little bright yellow chat icon, and the sound of a notification sounds like “Apple!”

Also they’re funny things, the Japanese only use line, Cambodians only use telegram, Europeans use WhatsApp, Americans we tend to just use Facebook messenger and or Instagram direct message and or text messaging iMessage?

Anyways, do you remember when the iPhone first came out, and everyone was riding on it, and apparently there was a lot of industry people, who obviously were a bunch of idiots, who said that the iPhone was going to be a failure because it did not have a physical keyboard like the popular blackberry at the time.

And this is the genius and vision of Steve Jobs; he fought nail and tooth to ensure that in fact, the iPhone would never ever ever have a physical keyboard, and that the genius of the iPhone was it was able to become all screen, and that if you wanted access to a keyboard you will just use the little virtual keyboard instead.

Think the original iPhone

 so do you remember, the original iPhone, the iPhone 3G, didn’t even have copy and paste! It was very very basic and rudimentary; but still… Like probably the most important product innovation and technology of all time.

Even I went to the Mr. brainwash exhibition in Beverly Hills Rodeo Drive a few weeks ago, and I really really liked this painting an image of Steve Jobs, as like a digital, Silicon Valley cowboy, his gift of the iPhone iPad etc. was like the best gift of all time.

The gift of fire

So obviously life with fire is better than life without fire.

Same thing with electricity. And water.

You could waterboard somebody, and kill a man with water. Also, you can electrocute and zap a man to death with electricity with the chair.

You could obviously burn a man alive, as well. Or you could use sashimi knives to kill somebody, better to use the sashimi knife instead to just make yourself some delicious ribeye.

Once again, fire is good, a stove oven is great. It makes cooking beef ribs a lot easier.

A lot of people hate on Apple and Steve Jobs and iPhone saying that it is destroying the minds of our youth whatever. But once again, it is like fire; if you use fire irresponsibly you can kill yourself and others or the whole village, but if you use it responsibly, it is like the best thing of all time.

Bitcoin, today, is like the early iPhone?

An analogy I don’t think no one has really done yet; realizing that bitcoin right now, might be like the iPhone in the early days?

With the first iPhone, no one was quite sure what to do with it, what the function or utility of it was. Then do you remember that that huge aftermarket market exploded, with the ability to strap on that external battery pack to the back of your iPhone to give it more charge?

So I also think that with bitcoin we will see a similar surge. We will start to see a huge third-party after market market explode.

For example, even the huge after market for iPhone cases is still quite robust.

Why is bitcoin the ethical option?

Immaculate conception of bitcoin. As somebody who is raised and born and baptized Roman Catholic, I really really do see some strong metaphors and analogies for bitcoin, Satoshi, and thinking of bitcoin like a new religion, a new economic religion?

The general idea is that bitcoin is phenomenal because bitcoin does not require a PR team, a marketing team, a foundation, or some sort of nerdy loser leader.

So for example, I’m like 100% Elon Musk, but the reason why Dogecoin, and all these other meme derivatives are positively bad is because they are backed on the charisma or the fashion of a single individual. If Elon Musk just randomly dies tomorrow in a rocket ship accident, I’m pretty much sure that the price of Dogecoin would go to zero.

Also, the reason why I got off of chain-link, and went back 100% into bitcoin was that I started realizing that invested parties in chain-link started using Sergey Nazarov as a puppet, trying to get him to stoke up investor confidence to pump up the price of chain-link. But even as bitcoin is pretty much $100,000, even chain-link has not hit the record high of like $50 or $55 a chain-link.

False prophets

Vitalik Buterin – yeah I don’t trust the guy. Look at him he’s like the ultra uber nerd. Something that what people don’t understand, like if you read the original Ethereum white paper is that the proposal of Ethereum from Vitalik was that bitcoin had too many problems, and that he was there to solve it, and that Ethereum would fix all the problems of bitcoin.

Even a thing that I was into for a bit was digibyte, DGB, which was essentially like imagine the silver coins or the copper coins of bitcoin. The idea was bitcoin was too slow for transactions, and that gigabyte was like 1 trillion times faster, making it more suitable as a daily cryptocurrency transfer thing.

Anyways, I think time is shown that everything that was not bitcoin has failed. Kind of like Thomas Edison, and DC electricity, AC electricity apparently better than a lot of records, but because Thomas Edison had more marketing chops, I guess he won.

Another analogy is that like bitcoin is like Tesla, and bitcoin has the world bitcoin network which is like the Tesla super charging network; honestly, I don’t think any human being should ever buy any electric vehicle which is not a Tesla. It’s like deciding to live in mainland China instead of living in America. Or choosing the Chinese yuan over the US dollar.

Another analogy; bitcoin is like Gatorade, I don’t even know what number two is? Powerade?

Or, bitcoin is like having the newest iPhone Pro, desert titanium, and Ethereum is like a Google pixel or android Samsung derivative; nobody wants it.

Or, bitcoin is like Coca-Cola, and Ethereum is Pepsi. Nobody wants Pepsi.

Or, bitcoin is like Nike and or Jordan, and Ethereum is Adidas. Adidas was only cool for a minute because Kanye West endorsed it and created his Yeezy line, but now that Kanye has dipped out, nobody wants Adidas anymore.

Or, bitcoin is like McDonald’s, and Ethereum is like Burger King. Nobody wants Burger King.

There is no second best

I think with choosing a life partner, a wife, having a kid your kid etc., is understanding that there is no second best.

I look at the whole field of crypto, and crypto derivatives, essentially I think the best way to think about it is that like everything that is not bitcoin is just an Ethereum derivative; which is like building your kingdom on cotton candy or quicksand.

Bitcoin is like the solid asphalt which is beneath Manhattan. But in Cypress space which is like 1 trillion times more secure.

Getting paid $2000 an hour

So let us assume that you’re getting paid 20 bucks an hour, if you’re on the bitcoin standard, and if you’re pouring all your moneys into bitcoin, then, in theory you are getting paid $200 an hour, or $2000 an hour. 

Also some other analogies; if you spend like $1000 on a new iPhone, that’s almost like spending $10,000 on a phone, or even worse, $100,000 on a phone. Or even worse, $1 million on a phone, assuming that bitcoin Will 10 X, 100 X, 1000 X, or even 10,000 X from here.

So why does this matter?

Assume that your whole life, you yourself as a child, you were only fed sewer water. And you’re always sick, and full of cholera, and you have no idea why you’re always so sick, and feel so unwell. And then you have a kid and do you think the sewer water is safe, and you start feeding your kid the sewer water! What is going to happen to the health of your kid?

This analogy is good for money, and capital and thinking of bitcoin like the first 100%, God inspired, perfect money. And also perfect capital.

Bitcoin is both money, and capital? And cash?

The hard thing with the real estate like if you own a square block in Gangnam, or Shibuya, or Ginza, or fifth Avenue in Manhattan, is that you cannot immediately liquidate like a 10th of your property to buy a cyber truck or a cup of coffee.

The really interesting thing about bitcoin is that it is both property like digital property like owning land, and also it could in theory be used as money and currency.

My personal thought is that owning a single bitcoin is like owning a single family home. Assuming that the price of a single-family home in Culver City is $4.4 million, for a tiny awesome minimalist house, then my personal thought is the price of a single bitcoin should be worth at least 4.4 million, Maybe 10 X or 100 X. Why? $440 million a bitcoin; my current price target. 

My very simple idea is that if you own a single-family house, in a locked piece of land, you cannot move it, it’s not like a game of the Sims or Minecraft; but with bitcoin, you can!

Minecraft economics

I find this to be really fascinating because once again, bitcoin is like Minecraft capital and money. If you have ever seen a child or a teenager on Minecraft, you will be shocked to see how phenomenally imaginative they could become, when there are no longer restricted by time, money, access to capital, the laws of physics, space etc.

I been thinking about cyberspace is kind of difficult to imagine because it is like 1 trillion times more expensive than land, Joshua tree, Yosemite, the desert, etc. Like if you watch the movie Dune, and you see the infinite sands, infinite desert, imagine like that but times 1 trillion. Why? Space cyberspace is not limited by the laws of physics.

***

I bought every V 12 engine, wish I could take it back to the beginning

This is like year one, or year zero of bitcoin. Now that you see CNBC practically on fire with bitcoin, bitcoin options, bitcoin derivatives, and now that ibit the black rock bitcoin spot ETF practically owning close to 1 million bitcoins now, that means is this is a massive paradigm shift. It’s like going from horse and buggy to Tesla model S plaid.

Don’t trust the zombies

I was watching an interview with Natalie Brunelle and ERIC Semmler, and ERIC was talking about how his company semler scientific was the century like a zombie company. But when they took out the skeleton, and re-infused it with adamantine skeleton, like what they did to Wolverine, their company spring back to life with 100 X vigor.

Once again, if you’re living in the hood, drinking sewer water, Fanta, and McDonald’s hamburgers, and you have the option of living in beautiful Culver City, surrounded by trees, happy people the sun, fresh air, and the finest organic food and meats from Erewhon, wouldn’t you want to make the swap?

Why the red wave is a big deal

Michael sailor currently put out a presentation on the red wave, at Cantor digital. The general idea is that now that we pretty much have a 100% Republican red party and government and Senate, this is insanely phenomenal news for bitcoin.

Why? Senator to Cynthia Lummis is proposing the bitcoin act, which is that America sells a bunch of her gold notes, and uses that profit to buy bitcoin.

This is kind of a big deal because then, maybe, we could actually revitalize the US dollar and essentially maybe even reverse inflation, because if we pack the US dollar to our bitcoin reserves, what that that means is our country will become super fucking prosperous? Like we’re going to be showered with so much money and wealth, we’re going to be like “too much wealth and prosperity! Please no more!”

Also, even though I’m pro bitcoin and anti-crypto and everything else; you’re going to see a huge crypto Renaissance, because note, Trump’s kids his sons are actually actively in the crypto space; and even Donald Trump accepted a Donald trump NFT, which sold out like in a minute. So you’re going to see a massive boost to Bitcoin and the whole market.

And also, all these meme coins, I’m quite anti it because once again, they’re backed by nothing but popular ideas, and charismatic individuals. The difference of bitcoin is that it is backed by like $1 trillion of real capital; which means like already… Over $1 trillion of real money has already been put into it, and what is defending the bitcoin network is like maybe 100 X the computer power of even the US military and Navy.

If America was super smart, because we want to be #1 forever, we would want to stock pile our bitcoin reserves, to make sure that no other country could even come close. Because what people also don’t understand is the point is like cyber defense as well; if you have a wall of encrypted energy, it is essentially hacker proof, you cannot have malicious Chinese people trying to hack the network.

What drives me?

Once; super simple; growing up poor, having a dad addicted to gambling, my mom working like two menial labor jobs cleaning houses and waitressing, working at a gas station or convenience store just to pay the bills, yeah this was pretty bad.

As a consequence, I don’t know I feel like financial independence, financial freedom might be the peak virtue. Like 1 trillion times more important than anything else.

For example, art photography aesthetics ethics and the like. You could only  only privilege yourself to these luxuries only if you are financially healthy. And economically healthy. If you are economically sick, you can’t do nothing.

 I think the big problem is that a lot of conservative often criticize and critique people for staying poor, but, can you complain and blame people for being constantly sick, if they only have access to sewer water?

“I grew up in the era when clean water was only served to the fairer skin” – Ye

Once again, imagine like we’re living in a postapocalyptic, dystopic world and reality in which only rich people or a certain race of people are allowed access to clean water. And clean air and clean food.

Imagine like you’re giving people maggots to consume. Or like an episode of Snowpiercer, the poor people in the back of the train being fed the “protein bars“, which is essentially grinded up bugs.

But imagine, you could be in front of the train, eating the finest ribeye steak, the finest sushi etc. That is what bitcoin is!

ERIC