Good Businesses, Bad Businesses

Good businesses are digital; that exist on the Internet, you don’t have to pay rent, storage fees, monthly building mortgage payments, land leases etc.

For example, when I was starting off, in street photography… Started my blog etc.… Even up until now my server fee for my blog might be about 100 bucks, 200 bucks a month. But compare this to having to sign a lease on the building in which you are being held into the property, and you have to pay that lease indefinitely! Seems like a poor idea.

I think in the world of finance, art, there is this romanticization of the Parisian artist, with his private studio, his private bookstore or café… Etc. They should hear is a scale ability issue, and also, issue that you have to attend to the property!

For example, the problem is in regards to having to be there, maintain the toilets, etc.

For a moment, I was considering opening out my own gym, but then I realized, the headache of having to always be there, or higher staff, maintain the toiletsetc. A trillion headaches. 

The laws of physics

Currently, Amazon is the goat. There is no other business as dominant, impressive, and all encompassing than Amazon. If you want any sort of physical good, Amazon is almost always your best pet, especially if you have Amazon prime. Why? Speed. To get your products delivered to you, within a day, two days, or the day of same day… Speed wins.

But the funny thing is even for me, Amazon is too slow. When I want to buy something, I want to purchase it immediately, right now! So this is where I like to walk into the store and purchase something, because I like the immediate effect of something being instantaneous. Perhaps for me, there is a greater joy in instant, rather than even waiting a few hours.

Digital goods?

OK the biggest issue here is that there is still no such thing as a digital good. For example, e-books, digital products are not really digital… In the scarcity notion.

For example, let us say that I sell an e-book for $10. Follower may purchase it because they desire to support me, want immediate access to it, or cannot find a free version online. But beyond this… The second which you download a PDF file, you could replicate it indefinitely! If you download a PDF file of something, or even a EPUB file of an e-book,  you could replicate it 1 million times, send it to 1 million of your friends online, etc.

Non-replicable?

The closest thing we have so far is the notion of a non-fungible thing… NFT. For example, having some sort of proof on the block chain, backed by Ethereum which “proves” that you are indeed, the true “owner“ of something. But even for me as a bitcoin and crypto enthusiast, I have almost 0 interest in an NFT. Why? I don’t care for the ownership something… Or example if you made an NFT art of something, I could just screenshot it, and hold onto the image. don’t care whether I own it or not, I just like looking at the image!

Where Bitcoin becomes such a fascinating value proposition  is that you cannot replicated, even if you wanted to. Why? Proof of work, the idea that you must expend energy in order to mind a bitcoin, like putting human laborers to work for a bar of gold etc.

The foolish thing that people say is that bitcoin is bad for the environment or the planet or whatever… But they do not talk about how bad for the planet is to mine gold, Mine diamonds, precious metals for jewelry etc.

For example, if you’re a woman or man saying that bitcoin is bad for the planet. Yet you have ever purchased or received any gold object or jewelry, or if you want iPhone… Or a laptop or whatever… Or an automobile car… That’s bad for the planet! 

Even worse, gold, diamonds, etc.… Depends on slave labor. Even apparently to produce your lovely sneakers, whether they be Adidas Nike, cloud on whatever… There are some close to slavery like working conditions, somewhere in Indonesia Vietnam, to make your lovely athletic apparel. Same thing goes with Lululemon; All the brands.

There is no such thing as ethical fashion, ethical clothing, ethical iPhones or iPhone pros, ethical make up whatever.

Women vs men

When it comes down to it… Woman seeks to beautify herself, either with her thoughts, her words, her clothing her dress, her literature, her artworks etc. 

What does man seek? Man seek dominance, power, influence, women.

The way that we our desired goals through capitalism or consumerism is through purchasing, purchasing power.

For a man,  what is the significance of purchasing property or single-family home? The purpose is to build a citadel, build a fortress, a castle, a point of defense, a TROY, etc. Therefore the appeal of prosperous men who desire to purchase property on top of a hill or a mountain, overlooking his fiefdom, feeling high and mighty etc.

I think for a woman, the purpose of property, purchasing a home has to be more around a feeling of security. 


Being honest?

I think one of the most pernicious modern day lines of thinking has deal with the fact that somehow… Sexual differences don’t matter. It does matter if you are a man or a woman, whether you have testes or ovaries.

Why? If you have any menstrual cycle or hormonal cycle, certainly this will be very different than if you’re a man, with testicles, and you have greater sports aggression due to heightened cortisol or adrenaline levels.

For example, you would never put the top male UFC fighter against the top female UFC fighter. Why? This would simply be unethical and slaughter.

However, the top UFC female fighter certainly probably destroyed 99.9% of the male population. But if you took the top UFC female fighter versus the top UFC male fighter, no chance. I’m not sure… But even if you took the top female UFC fighter, versus even a middle male UFC fighter, or even a bottom tier male UFC fighter… I think the man would always win. This is why you never see Roger Federer versus Serena or Venus Williams, and this is why you will never see LeBron James versus any women’s NBA player.

Also, in the context of weightlifting, powerlifting, or strongman competitions; even if you took all the steroids in the world, I don’t think you will ever see a 501 kg lift from a woman. Or even see a woman lift 1000 pounds? Certainly not 2000 pounds.

gender versus sex

Gender is whatever you want. It is fluid. In this sense, to be a transgender or whatever is fine; ever since I was a kid, the notion of a tomboy, a drag queen, whatever is not a big deal. Even Kanye West putting on the pink polo… I remember in middle school high school, one of the cool African-American guys, sporting a pink polo, it was so shocking to everybody because pink was seen as only for women, but he did so confidently and everyone thought he was awesome.

Even now with Seneca, pink is his favorite color! And so is mine! I have this pink Brooks brother sweater I love which I always get compliments on, and also this cool pink bomber jacket ISSE , which I found for free in this donation pile, which I love. Other day one of the Toyota dealership guys thought Seneca was a girl because he wore pink shoes, which threw him off. 

Certain colors are socialized, also, behaviors and the way you decide to dress, this is all fluid! I’ve been seeing a lot of men, with facial hair, 3 o’clock shadows, dressing in skirts or dresses whatever. And that is fine.  even this one person at one of our favorite fried chicken takeout places, has facial hair, but the voice sounds like a girl, but the facial features look masculine… I have no idea. But typically, if you have facial hair, or a beard… You’re a man. 

I love the alphabet soup!

It don’t matter what you is, And also, I don’t know why people care what you are either. If you’re a man and you want to wear a sports bra, a crop top, a bikini, a skirt or dress, whatever… Why does it matter?

Also, I think the first rule is to just leave other people alone. If other people want to dress however they want, or act or talk the way they want to, or have sex or intercourse the way they want to, why do you care?

I think perhaps for me, the only annoying thing is when it comes to gender pronouns. If you have a beard, if you’re 7 foot tall with facial hair, I’m not going to call you a woman.

If you’re 6 foot seven, and you have a beard, and you want me to call you a woman, I will not. And this is where I find things nonsensical; it is not a hate crime to call somebody what they biologically are.  

Even the funny thing… To call somebody “bro” nowadays is not even gendered.  I even see young elementary or middle school kids calling their moms “bro” or “bruh”.


Back at the line of thought

So let us take a via negativa approach:  start off by axing and eliminating all the bad business ideas.

  1. Based in the physical world, in which you have to pay rent, a mortgage, reoccurring physical space expenses.
  2. High risk businesses, latest realize that the simple statistics here, never put yourself into a fragile position. 

Day jobs are good

When I first started my blog, I had zero intention or thought that it would be commercially viable. My personal thought was that actually, to make money through photography was impossible.  The only way I was able to make it work was part by chance, part by luck, part with hard work and hustle. 

But the greatest benefit was I didn’t have any stress to monetize it. Why? I still have my day job, earning $40,000 a year in 2010 2011, so at least I could cover my rent, and basic expenses.

This is why my number one advice for any entrepreneur is the goal is not to get super rich from your passion, the goal is simply to be able to sustain yourself in a Spartan level and degree ; doing the absolute minimum, paying rent, and purchasing meat and coffee.

Spartan entrepreneurship

If you study any super super successful entrepreneur, Steve Jobs, Elon Musk, Jeff Bezos in the light … They all started super scrappy.  Steve Jobs would just subsist on beans and rice, and filled the apple computer with Steve Wozniak, in his parents garage, with down jackets on, and space heaters. Elon Musk, in the early days, shared a single computer with his brother, and also, would just shower at the local YMCA, and I think he fed himself on two dollars a day on just spaghetti and hotdogs.

Also, Jeff Bezos; him just personally driving his beat up Honda accord to the local post office, to deliver books. Also the early days he would create tables for his workers, simple doors that he would buy at Home Depot.

So I think the primary mistake that a lot of these aspiring entrepreneurs make is that they think that somehow need a lot of funding, or a lot of money.

The truth is… Entrepreneurship is Spartan;  essentially, assume that you have zero resources, zero money, zero startup capital, and all you have is access to the Internet, your brain, and earning enough money to just pay for your website server bill.

Once again… The way that you leverage yourself 1 trillion X is to just start your own self hosted website, Ionos.com or bluehost.com with WordPress.org

And the simple way to propagate yourself is through free marketing, through free YouTube videos, free podcast, free files, etc. The path forward is through indirect monetization; you cannot make a sustainable living simply from advertising. You have to provide some sort of service or product.

Promotion?

Also, maybe you could indirectly get rich by promoting stuff, like for example… You become super famous for something, and let us say that you own a lot of bitcoin, maybe simply to educate people about bitcoin, the virtues, might be indirectly good for you; because you build a trust with your audience in an unrelated field, and you could use that as a platform to promote bitcoin or whatever… And as a consequence, your Bitcoin value goes up? 

Everyone knows ERIC KIM as the street photographer, philosopher, Stoic Spartan, now weightlifter and muscular guy, but bitcoin is a new identity.

The ethics of personal gain

Ethical question:  if you own bitcoin, a lot, and you tell everybody that you own bitcoin, and you are vested in it, you have at least $1 million of your wealth in it… Is it at the culture promote it, assuming that when you’re promoted, the value of your own personal bitcoin may go up to $10 million $100 million or $1 billion?

Yes. Why? You got skin in the game! I would say it is unethical to promote something that you’re not vested in; for example very very unethical for these early crypto influencers to promote FTX, when they in fact by themselves did not host their own assets on FTX, or that they did not purchase any FTX with their own tokens.

Even a bad thing that I saw with chain-link; they recently had a hackathon, and I think the offered like $100,000 worth of prizes. But shouldn’t the ethical thing be instead, to offer prizes with chain-link, not US dollars?

Michael Saylor

The reason why I really love Michael Saylor is that the whole time, in all of his 100+ interviews, he never once promotes his own company, or tells people to buy it.  instead, he tells people to buy the bitcoin itself, not shares in his company.

Some people think, wait, isn’t it bad for Michael Saylor to promote bitcoin if you will indirectly monetize from it? No! Because he has risk and exposure.

It would be unethical if he was promoting Ethereum, if he was given a $10 million check from Vitalik, but did not actually purchase any Ethereum himself.

And also, this is where all these corporations are evil; for example even Disney… Who owns Marvel, I see these Coca-Cola cans and bottles, with superheroes plastered all over it? Burn it down!

Also, unethical marketing, with beer and alcohol companies; name one athlete who drinks a beer or drinks vodka or Mezcal or tequila before playing a game. Zero.

Or, think about the ethics of a Toyota dealer who would prefer to drive an AMG wagon over a Toyota.

Or, a Lamborghini dealer selling Lamborghinis, but in private, he drives a Tesla instead.

This is where money in the game, soul in the game matters;  assuming that money is just economic energy, when you have economic energy and something, your opinion is true.

For example, if the evil Philip Morris company offered you $1 trillion to say that smoking cigarettes what’s good for your health, would you do it? Of course not. 

Trust nobody who uses advertising

I put zero faith in anybody who relies on advertising revenue, sponsorships, to make a living. Why? First and foremost ,,, I recall that there were some early crypto influencers or bitcoin guys who promoted Gemini as a trading platform, and that they trusted it and used it themselves etc. But now… Is it still around? Not certain.

The only reason I used Coinbase was at the time, it had the best aesthetic branding, simplicity, and was super easy. I suppose my benefit was before I bought bitcoin, I spent many years thinking about it, philosophizing about economics, field currency etc.… Rather than listening to any of these YouTube videos or podcasts.

Streaming slaves

Any artist who is dependent on streams, number of streams, is a slave.

Once again, if you want to appeal to the lowest common denominator, you just give everyone a sweetened Starbucks Frappuccino beverage, with five pumps of caramel and agave sugar and almond milk on top. Or coconut milk, or oat milk.

Also, you give all the kids kids, have them watch paw patrol, Bluey, Disney+, Disney films etc.

Also let us consider that 99.9% the population still watches television, TV shows, Netflix, HBO Max etc.

Trust nobody with a subscription to any media streaming service.

So now what?

My very simple thought is think local, think your own local city, city politics rather than international or international politics.

For example, I don’t really care what’s gonna happen this upcoming election cycle — I’m about 99.9% certain Donald Trump is going to win, even though I vote for Kamala Harris.

Be the change in which you wish to see in the world, and don’t do things that you don’t like 

For example, I hate it when people honked at me, and therefore I will never never honk at people, unless it might be a life or death situation.

I don’t like when people act low-key racist to me; so maybe I’ll try my best to not be low-key racist to other people.

Also, smile to strangers and wave at them!  it literally cost you nothing, and that worse, they frown at you back, or ignore you. I would say this:

Better to risk a kind hello smile and peace sign, and get ignored or snuffed, rather than not attempt it at all! 

Be magnanimous, be the great man!

ERIC


Pettiness, jealousy and envy are only for weak men.

Just think, “what would John Wick do“? Or what would King Leonidas do?


Immutable.