BIG BIT THOUGHTS.

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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?


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.


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 >


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!

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