Big Bit Thoughts

  • Bitcoin-Backed Loans

    Bitcoin backed loans coinbase

    GIF

    So I’ve been very patient waiting for this to roll out; essentially the idea is that within Coinbase, you could pledge your bitcoin as collateral, kind of like how rich New York families pledge their property as collateral, in order to borrow US dollars, and to use those US dollars to invest in other things.

    So let us say that the goal is to accumulate and acquire as much bitcoin as humanly possible. If this is the goal, then, assuming that you’re using Coinbase, you could get up to $100,000 USD, then ideally, it seems the most intelligent strategy is to then take that money, and invest it into strategy stock, MSTR. Assuming that the value of the loan is like only 7% or so, and assuming that micro strategy is crushing it, averaging I think in the Trump administration for the next four years, I think we’re going to see something like 120% to 300% performance you’re over here, ARR, so then you’re essentially gaining a arbitrage for free.

    And then thinking a little bit forward into the future… Ideally when mainstream banks start to recognize bitcoin like real estate property… Then if you have a bunch of bitcoin and you could use as collateral, you can then use that money to borrow and buy more bitcoin!

    Coinbase

    BITCOIN by KIM

    1. Microstrategy > Bitcoin?
    2. Bitcoin is Antifragile
    3. Bitcoin is the Backbone
    4. Count in Bitcoin, not USD$
    5. Think in BTC
    6. The Best Time to Buy Bitcoin is on the Weekends?
    7. How to Get Free Bitcoins
    8. Why Bitcoin is All-American
    9. The Will to Bitcoin
    10. 10x
    11. Introduction to Bitcoin
    12. Bitcoin Meditations
    13. Options
    14. Bitcoin for Investors
    15. Paradise Bitcoin
    16. The Philosophy of Volatility
    17. Bitcoin is Free Speech
    18. Digital Capital
    19. BRAVE NEW WORLD OF DIGITAL CAPITAL
    20. Bitcoin Economics
    21. Bitcoin Philosophy
  • Bitcoin Treasury Company

    So a big thought on my mind, is thinking and wondering what is more valuable; bitcoin, microstrategy, something else?

    So one of the first investor announcements in which I attended, live webinar, hosted on Zoom, for micro strategy maybe like October 30 last year… Very very exciting as it was my first time attending a live investor call. To see Michael Saylor in the virtual flesh, life was really really exciting… Like seeing a live rockstar!

    Anyways, well what was kind of interesting was Michael Saylor branded microstrategy as a “bitcoin treasury company“, or funny enough a… “BTC”.

     in another talk you did in front of a bunch of investors, maybe a month prior to that, he essentially noted that essentially micro strategy was becoming a bitcoin bank, however you cannot do overnight deposits in withdrawals which means that micro strategy has a permanent base of bitcoin treasuries. And if we think about the greater macro trends of bitcoin going up forever to the top right, then what that means is that micro strategy is easily poise to become a $1 trillion plus company. Maybe at least 3 trillion or even 10 trillion in the next 10 to 20 years?

    Bitcoin bank

    I think for a long time if you said, you can invest in a bank, in the early days. For example can you imagine investing in JP Morgan Chase like 120, 200, 300 years ago? Certainly your family would have a fortune.

    Or another analogy like becoming standard oil, becoming an oil company, investing in oil. Certainly everybody understands that oil is valuable, but the way that John de Rockefeller made it very very useful was being able to standardize oil, and transform the crude oil product into useful stuff like creating asphalt and also Jet fuel engine, and the gasoline you put in your car.

    We are still in the early days of bitcoin, and now… The floodgates have opened. I feel like the whole planet right now is like a crypto arena, like a real life game of gladiator, a crypto Colosseum.

    Anyways, things are starting to get fun and interesting; the reason being that now when everyone is becoming to get scared shitless, this is when the real fun begins! If anything, I’m hungry to get access to more capital, to invest when everybody else is scared. I guess having big balls is a huge benefit in today’s fun exciting volatile world.

    Wagyu is the key

    In a totally unrelated note, on my 37th birthday, I had the extreme pleasure of being treated to the “gold”, level of all you eat Japanese Wagyu Korean barbecue style, in Little Tokyo at my new favorite restaurant on the planet, “chubby cattle”. All you can eat wagyu, A5 Wagyu… I love America!

    And also kind of unrelated, probably one of the best kept secrets is that Costco sells American style Wagyu beef, ground beef, 70/30, in these bricks, which taste insanely good and great, and is only maybe like I think five dollars a pound? Typically my favorite is beef ribs, but one of the big problems about beef ribs is that half of the weight is just a bone, which is in some sense “filler”, unless you instant pot the rib bones later to make a beef bone broth soup, which is also a good idea, but anyways, I had only about 3 pounds of the Costco Wagyu ground beef last night, just cooked as simple burger patties, and I slept in like two minutes. I’m almost wondering… If you suffer from insomnia I have a hard time sleeping whatever, just try this; get a bunch of the Costco Wagyu ground beef, cook it at home on your fry pan or air fryer, try to eat at least three or 4 pounds of it, and then I can almost guarantee you that you’ll fall asleep immediately. And the upside of sleeping insanely well  is that the next day, you wake up with so much bigger joy excitement, strength wellness optimism happiness and glee, and isn’t this what everybody wants?

    Weight lifting

    I’m starting to think more and more, certainly anybody and everybody can benefit from weightlifting, doesn’t matter if it is your 70-year-old mom, your neighbor next-door, you and your wife your kids whatever.

    Instead of thinking of it like weightlifting, maybe we should think of it like gravity training. If you think about Goku in the gravity chamber, the basic concept and principle is simple; you’re fighting against gravity, which will strengthen your tendons your bones your ligaments your body your muscles etc.… But I think the key idea and the key secret is Towards strengthening and hormesis;  you do not want long-term stress on your body at a medium intensity. Instead, you want an insanely high stressor or insanely high impact, for like half a second, for an insanely short duration, infrequently.

    For example, better to lift 1000 pounds, once, for half a centimeter, once a week rather than to lift 100 pounds, 100 times, five days a week.

    Also in terms of fitness, better to do insanely short fun sprints, for like 30 seconds, the “HIIT” style, high intensity interval training rather than “run“ for like five hours straight?

    Ground beliefs

    So, assuming that you have the ground truth that bitcoin is going up forever, in a very volatile manner, very jittery, up-and-down, but ultimately to the top and right forever, then what?

    I also have a very interesting personal thesis about return; maybe from a physics perspective, the general idea is that in order for a high to go higher, you need a lower low?

    For example, if you did not have insanely high dips down, you cannot have new insanely high highs?

    This also becomes interesting as a life philosophy, in theory if you want higher highs, you also need lower lows?

    Maximizing pleasure & joy?

    I think what a lot of basic heatedness don’t understand is that actually, if you desire a higher high you also need a lower low. What that means is simple; in order to harness a higher high, you actually need to become more spartan, sparing, embrace fasting.

    For example, rather than blowing your load every single day, if you want to in theory maximize your hedonic sexual pleasure, you would actually in theory… Want to be celibate for like 29 days, and only have intercourse once a month? 

    Similarly speaking, if you were dumb rich, you would not want to buy a Lamborghini each and every single day, 30 days straight, 365 days in a year straight. This would probably not bring you much joy. It’s kind of also like eating Japanese A5 Wagyu meat, it is only enjoyable if you eat it like once a year, once a month at tops, if you have it each and every single day, even the richest most wonderful thing can lose its appeal.


    I LOVE LA FOREVER!

    My mind is blown… It’s like February 2, still technically dead winter, and the sun outside is so beautiful warm and nice, I could still be shirtless end of January early February? I’m never leaving this place!

    Actually one of the funniest thoughts I have about leaving the state going to Vietnam for about a month Hong Kong for a weekend being back… Things that America, LA and the west side have going for it:

    1. Air quality here is 10000x cleaner and better than Asia: Ironically enough, one of the greatest benefits of being in the west side, Culver City etc.… Is actually, there’s not many smokers. It is quite rare here. Compare this to being in Hong Kong Kong, in which literally like 99% of the men all smoke in the streets? And also being in Saigon, I love Saigon to death but the downside is because of the rapid industrialization, the pollution in Saigon and Vietnam is so bad.
    2. Access to meat: in another funny turn of events, actually, having access to beef and meat in America is like 100 times better than anywhere else in the world? If you’re in Asia , getting access to beef is actually very difficult; I suppose all the government subsidies for beef in America will benefit us.
    3. Freedom of speech: after being in Asia, the truth is you don’t really have freedom of speech in Asia. One wrong sentiment and boom, you’re gonna get a knock on your door. And also… Internet censorship, no no no, the Internet is not censored in America, it is more or less 100% free. Just try going to anywhere in Asia or Southeast Asia, when certain websites are banned or blocked or whatever… And then your mind will be opened. Even a simple thing… If you’re in Hong Kong, you cannot use ChatGPT.

    What if where you currently were standing were already paradise? 

    I also have another funny sentiment; actually a very positive and optimistic one: we forward in 2025 I’m just gonna think that everything is good, even the “bad”?

    So simple!

    SimpleStrategy?

  • The Blessing of an Empty Mind

    One of the best nights of sleep of all time… Eating a pound of beef liver, cooked perfectly medium rare, a bunch of why you ground beef from Costco, 70/30, I think hitting the socket around 7:30 PM, waking up at 7:30 AM, wow, that 12 hours of sleep? Anyways I feel reborn.

    January 31, 2025… My 37th birthday! Wow, seeing it in type looks really big. Maybe I’ll be stuck at age 36, or 26, or 16 forever.

    Anyways, towards my Zen training, I think a very very simple way to start life is when you wake up first thing in the morning, take your shower your bath whether hot cold or both whatever… And then when you start drinking your morning coffee tea, or maybe both, to just resist the distractions of profits loss, gains or whatever… To essentially have a practice of not exposing yourself to any information in the morning first thing in the morning, whether good or bad. This also includes checking Twitter, any news or social media, your financial accounts, your stock your bitcoin etc. 
    If anything, the true ideal way to start the day is with your iPhone totally off, perhaps charging in the living room outside, off. And on top of that, if you need an alarm to wake up, just buy a standalone alarm on Amazon or something, to wake you up.

    The worst way to start the day is checking your iPhone for email and notifications text messages etc.… The best mind is a fallow mind, the best mind is an empty mind. 

    Why?

    My thought is that with an empty mind, anything and everything can come in. With an empty mind, you let the vibrations of your own mind your own life experiences be the stimuli to strike new ideas within you.

    Considering that we are all philosophers, yes you too, even Seneca at the age of four, he is already asking me a lot of questions on why things are the way it is in Korean, “weh?” The most beautiful three letter word in the English language! Why?

    I think it’s hard because even now… Making it big, I’m starting to even rethink some thoughts about wealth. Practically and metaphorically I retired in 2017, when we are paying $320 a month in rent in Vietnam, and essentially Cindy and I were in a position in which I realize, we would never run out of money. Even though we ate out every single night, we’re at coffee shops all day… Our income even our “passive income”, far outstripped our expenses.

    certainly things changed a lot since moving to LA, in which living expenses have gone up by a factor of 10 X, now our rent is $3200 a month, and also the cost of food due to inflation has gone up by at least 2X, beef ribs at Costco are now $5.50 a pound, whereas at the Costco business center even maybe three years ago it was only $1.99!

    Anyways, certainly it is difficult to 10 X your income, leverage is difficult. But perhaps if you put your family on a bitcoin standard, you can get there.

    Why 10x

    My personal thought is let us say that bitcoin is like roughly $100,000 a bitcoin, what that then means is if you think ahead enough, when bitcoin hits $10 million a bitcoin, assuming that you are spartan with your money and not foolish, that means that easily, you could 10 X and 100 X your money from here. 

    So let us say that you’re being paid $20 an hour, that means that actually you’re being paid $200 an hour, or better yet, $2000 an hour assuming you know how to save in bitcoin.

    I had this thought maybe about three or four years ago, thinking about my friends who worked at Amazon etc., if you took your good tech salary, and just converted all your currency into bitcoin, you would have been able to retire at least five or six lifetime ago.

    Now what

    So it looks like the great shakedown is starting. But that then means is real life has hit the pan, and moving forward, life will only continue to become more extreme, more of volatile, more crazy.

    And I actually had a thought… The reason why we new Spartans, we new Stoics, we new bitcoiners are doing so well is that actually, I think there is almost like kind of a natural selection bias which is happening here;

    Those who can tolerate the most volatility, shall thrive the most.

    Bitcoin will continue to be volatile, forever. And I think that’s the whole idea; those who cannot tolerate harness or even love volatility, cannot thrive. 

    Living in a more extreme volatile world

    Let us fast forward a bit, four years from now, 2029, when Trump is out of office. Don’t be shortsighted; no no no, there will not miraculously be some sort of savior liberal Democrat who comes in, “fixes“, or reverses everything. I think time and reality is like a one-way ratchet; when you crank up the volatility of real life and time in one direction, you cannot reverse it. 

    For example, no no no, bitcoin will not drop down to $10,000 again. Or $6000, or $1000 or $100 of bitcoin. This is not how physics or thermodynamics works. 

    For example, you cannot have water flow upstream, no matter how hard you may believe in it.

    Bitcoin is physics

    I think the hard thing for people to understand is the reason why bitcoin is such a paradigm shift is that it is the first bridge between the virtual the cyber and the real.

    For example the whole notion of proof of work, the whole idea that you actually have to use real life and energy in the real world to produce, create, and mint a bitcoin, or even secure it, is a feature not a bug.

    It’s kind of like producing another human life, having a child. The truth of the matter is if you want to birth a child, you need a “proof of work” in the real world, in real reality.

    For example, you need a female mother, you need a male sperm, and you need the incubation phase, you cannot rush it, the mother must consume deep nutrition, you must birth the child.

    And when the child is born, obviously you must nurse the child, feed the child, raise and care for the child.

    You cannot digitally clone a child, or digitally birth a child, which is kind of like the whole idea behind “proof of stake”. 

    Even life if you think about it, a human life, the reason it has any worth is that it is finite. Even if you had all the money and power in the world, you cannot as a man live more than probably around 122 years, certainly you cannot live 130, 150, or 1000 years. Even from a philosophical perspective — I don’t even like the idea of living that long.

    Even if magically somehow we did invent something that allowed us to live to be 1000 year old, with a 26 year old body and a six pack… I think there’s a certain point in which you would just want to pull the plug. And not have to do it yourself.

    Anyways, why is the mind so valuable?

    First, I think raising Seneca, has been one of the most valuable and most precious things of all time. And, it has taught me more about philosophy and human nature more so than reading thousands of pages of philosophy.

    For example, a simple observation; typically children never have to carry a backpack, a side pouch, anything in their pockets. Or their hands. As a consequence, they’re always running around! A child is never still and this is a good thing.

    Also, a practical one; most children assuming that they’re under the age of four, do not carry an iPhone in their front pocket.

    Let us see that the downside of having an iPhone or a phone in general is that once you pull it up and use it, typically it stops your movement. If you have an iPhone in your hand and you’re looking at it or working on it or checking something or reading something or listening to something, you’re not also doing a backflip.

    As a consequence, a child has the ultimate mind; 100% free, present in the present moment.

    If you think about it, what that that means is that a child is actually an ultimate zen master; a child is fully experiencing reality in the present moment, not thinking about the past or the future.

    Certainly a child has memories; for example Seneca still remembers our experiences in Hong Kong, and that the 973 bus from Tsim Tsa Tsui (TST) takes us back to our hotel in Sai Ying Pun. And he remembers the colors of the metro lines, the blue one and the red one.

    yet he doesn’t really “dwell” on the past. He is fully in the present moment, taking our Amazon boxes, asking me for tape, and creating trains of his own, connecting it to his cart, and training his constructed train all around the house.

    Or he will take the expo dry erase marker marker eraser, and fly around the house like an airplane, not thinking of “utility“, or other things like that.

    Even when you observe a child playing, climbing structures they’re not thinking about anything else, they’re just enjoying the climb!

    How and when and why do adults get corrupted? 

    They not like us!

    I think one of the things which is the most shocking to me as a father having a firstborn son is that if you think about it… As a man, assuming that you have a child your first child is your son is a boy is a man, the heir to the throne, you should consider yourself blessed 1 trillion X.

    Whenever you see families with three girls, no boys, you know what they were shooting for.

    So this whole notion of a absentee father to his son is a very very bizarre thing. Once again, to me, even if you could take all the trillions of dollars on the planet, nothing in the whole universe is more valuable than my son. Or my relationship to him.

    And this is where I think it is wise to hedge your influences from philosophers thinkers, or even zen monks who have never had a child, they may theoretically understand child’s mind, but until you have actually raised your own child, you shall never know. 

    Not only that but until a man has had a son, man shall never know.

    Why does this matter?

    On the flight from LA to Asia, I finally had the privilege of finishing the Odyssey by Emily Wilson, excellent. In fact I’m starting to read all of her translations, even including the tragedies of Seneca.

    One of the biggest ideas is Odysseus, his relationship to his son. Also what’s interesting to me is I just came to discover that actually, even though I had no idea, I guess Achilles also had a son?

    Anyways, how then this becomes interesting to be is that in America at least, and in the west, we are trying to think that this whole notion of a nuclear family, husband and wife, at least two kids, white picket fence, etc. But if you think an ancient Greek times, Kings had like 10 to 20 children, I think even one of the funniest stories of Hercules is that he was somehow able to impregnate like 50 daughters of this one king?

    Anyways, I say don’t stop trying. If you’re a man, try to birth at least one son. And even if you cannot, that’s OK, most likely your daughters will one day birth a son and you’re fine. A grandson having a grandson is like the same as having a son. 

    Goals

    So then, proceeding in our life, what is our goals?

    First, certainly philosophy is a noble goal. To spend your life pioneering thoughts, ideas concepts etc., that will benefit you your wife your kids, the future of the human race is a noble impetus to life.

    Even now that I think about it, I feel like I have lived at least 10 lifetimes, and I am so grateful.

    In moving forward, certainly everything in life is an ululation, and that is great!

    Some current thoughts:

    1. How to inject more of volatility in your life, assuming that the more volatility you have in your life, the “more” better your life.
    2. What is better, to have $1 million of bitcoin, or $1 million of micro strategy stock?
    3. New thoughts on fitness exercise weightlifting, etc.?
    4. New modes of living thinking and being? The dynamic range of living in the states versus abroad in Asia?

    Ignore politics

    Simple thoughts: never read the news, the only thing that you should interrogate is bitcoin, Michael Saylor and MicroStrategy news. Because the only news which should concern you is in regards to your money nothing else.

    ERIC


  • The Will to Condensation

    So currently a big thought on my mind is in regards to condensation.

    For example, let us consider a backpack. There is only so much you could shove inside of it, and therefore, the optimal strategy in life is to have things that have maximum ability to condense; for example, having like an ultralight down jacket which is easily compressible and condensable is desirable.

    Also unrelated is the thought of bitcoin. Interesting idea to me is how technically if you think about it… A bitcoin is like the ultimate expression of condensation. You take all this economic energy and power, and condense it into a single unit, which is a single bitcoin.

    I think the more I consider bitcoin, and the underlying philosophy and ethos behind it, in actuality… The more fascinating it becomes.

    For example, just came back from a month trip to Asia in Vietnam in Hong Kong, and the truth is, you can’t travel or take your single-family home or your cybertruck with you.  if anything… Each and every single day in which I woke up in my Hong Kong apartment, just enjoying the sun, and the spotty Wi-Fi… the Takeaway point was that after all of it, the only thing you have is your body, your mind, and your zest for adventure and freedom.

    Even being back home in LA… One thing that I couldn’t take with me when I was traveling was my beloved 60 pound weight best. It’s good to have it back… But knowing that I’m about to hit the road again soon, it is always good to have one foot in, one foot out.

    So the general idea is simple… Live your life domestic, planning as if you’re going to hit the road again… And never really too much be too committed to one single thing.

    How do we falter?

    We new nomads, we new conquerors, even the other day, driving through Beverly Hills… The big idea I had is that with wealth and everything in between… Property etc.… At least people living in LA, their world is so small. They only care about their pink Bentley, their $15 million single-family house, etc. Beverly Hills is their bubble. They never leave it, it is kind of like the dystopic society in “In Time”, the genius Justin Timberlake film in which time is actually predicated in time actually also very interesting thought is in the new Amazon sponsored series “secret level“, the “steampunk” universe in which the orphan guy has his money given to him “bits“ (bits,,, bit, micro bit coins)– he requires 75 bits to repay his debt obligations, in order to reconnect with the love of his life. Also in another unrelated note, the short video clip of the animated series of the girl giving the pilot $3 million of bitcoin in the USB drive, asking the plane pilot to take them somewhere.

    Anyways, I think the idea of being unsettled is… unsettling.  I mean it kind of makes sense… To be settled, stable, is typically a good thing. Nobody would want to build their home on the edge of a cliff, knowing that any moment of mudslide can have them tumbling down to their personal death.

    I think the difficult thing is let us consider, how hyper different modern day life and society is in respect in regards to our biological predisposition. For example, Technology advances at a much faster pace than our biological predisposition. Can you consider… Even 50 years ago, telling people that one day, each and every single American, regardless of how poor or rich you are, would have access to a god device, that could fit in your front pocket, that you could use with your voice, Your thumbs, your fingers, that could last all day, offer you free directions to anywhere on the planet, with micro precision, free entertainment essentially forever, with trillions of channels, insanely great high fidelity camera and video recorder which is free forever, which cannot be hacked by anybody else, which could also store all of your money on it, and you could instantly video call and new person on the planet, for free, whenever. Wouldn’t they pay like $1 million for this device? And now any person on the planet, regardless of how rich or poor they are, could afford this god device, for only 50 bucks a month.

    Anyways, I’m also pretty sure that having this god device comes with downsides. For individuals — honestly it’s like crack cocaine. But maybe worse?

    How to live

    My simple philosophy with technology life everything etc.… Is reap the upside, kill the downside.

    So a very simple thought… Disable all notifications on your phone besides FaceTime. This includes text messages.

    The reason why I think this is such a good idea is that if it becomes ultimate filter. Truth be told, there is almost 0% of things which actually require your immediate attention. Reserve FaceTime for your mom, or your wife, everything else is not really necessary. 


    The will to ignorance

    Distractions!

    A new thought, ignorance, might be a critical ingredient to your concentration focus, power?

    New thing I’m trying to do with my new lifestyle is trying to concentrate and focus better, which means avoiding television news streaming in front of your face?

    For example, there’s this really nice hotel close to my house, which I like to just walk across, in order to use the bathroom and the facilities, but just this morning, there’s a fucking television streaming CNBC news, with all this fear clickbait headlines that arise anger and indignation in the viewer.

    The thing that is so annoying about this to me is that I did not request the television to be there, nor did I request it to be streaming live television news either. If there had to be something streaming, on the television it would rather be John Wick, the Lego movie, or better yet, the Lego Batman movie.

    Things you asked for, things you did not ask for?

    I think this is a big thing is that try to not expose yourself to stuff you didn’t ask for. Or better yet, that you did not actually pay for with your own hard earned money.

    For example, movies on flights. Obviously you’re boring and you got nothing better to do, the pen is either download a shit load of movies and shows to your iPad off-line, stuff that you paid money for in the Apple TV+ app, and also, games or other destruction stuff that you paid money for.

    I think this is a big tricky thing… In two days we’re all in which entertainment is infinitely abundant, how do you stay focused? Simple. Once again, if you did not pay money for it, don’t watch it.

    A simple strategy I do is if there is something I really really want to watch or experience, I put my money where my mouth is… I straight up purchased the whole film, even if it is 10 or $20 or $25 or something, in the Apple TV+ store. Even though obviously I could pirate it on pirate Bay for free, this becomes a good filter because in a world in which your time is infinitely valuable and precious, why would you sacrifice any of your precious attention on things you did not pay money for?

    Practical thoughts

     so the first very practical thought is don’t bother with anything that is not easily condensable, or compactible.

    For example when you’re traveling, let’s say you require a jacket or a warm article of clothing whatever… Only pack things that you could easily roll up and shove into your backpack. The Uniqlo ultra light down jacket is good. Also my personal favorite is the MUJI ultra light down vest.

    Can you fold it up?

    After being abroad for about a month, then coming back home to LA… I saw a cyber truck on the road the other day, and even though I love the design, it is so big! Too big! As a consequence, it’s really not a good idea because you can’t just magically fold it up. And this becomes critical in moments in which You just gotta find a damn parking spot!

    And once again, the big idea is that you cannot magically fold up your car or your assets or whatever and just take it with you on a plane to Cambodia.

    Now what?

    Obviously the first thought is a kid. At least one, ideally two or more.

    Why? To me it’s like the ultimate logical thing.

    First, raising Seneca from birth until now has probably been the most satisfying thing in my entire life, multiplied by 1 million. There’s like literally no greater joy than a father raising his own son. His own blood son.

    Once again, the greatest blessing as a man, to a son, even better yet, your first born son as a male.

    Second, think economics. Michael Saylor said it well, you’ll like spend 1, trillion hours of your life working yourself to death, making money spending money saving money, yet we will not even devote a few hours to critically think about what money is, and also why it matters?

    It’s simple; you spend 1 million years of your life making money, without actually questioning what money is or why it matters… You’re technically not leveraging your time well.

    For example, for most individuals, the more hours you put in at work, the more moneys you’ll make.  it becomes a simple vector equation:

    Input more time, yields more money.

    But the reason why this is a poor idea is that you’ll essentially forever be a wage slave. To just equate your time, hourly wage, or even salary, is a losing game.

    condense your sphere of concern 

    Also in terms of condensation, condense your sphere of concern.

    I think it is a zero some game in terms of concern. Let us say that you only have 10 units of concern, in a single day. And once you deplete your concern units, you cannot recover it in a day.

    So for me, I would probably devote eight units of concern to Seneca, one to Cindy, one to myself. That is 10 out of 10. Nothing is left.

    I think the problem that a lot of people have, especially if you were raised Christian, is that you think you have infinite compassion and concern for the whole planet. But this is not true. I’m almost wondering… If 99% of mental health issues arise from the fact that you overextend your units of concern beyond proper measure?

    The more you concern for others, the less you concern for yourself your wife your kid.

    Reconsidering the nuclear family

    The nuclear family is you your wife or kid. That in itself is its own economy, let us consider that even the ancient word for economics literally meant household management, your wife, your kids, your slaves, your home estate.

    Certainly an ancient times, life was probably much simpler. The king of the Josen Dynasty in Korea probably did not concern himself with international matters in the Middle East or Europe. Similarly speaking, King Leonidas only cared for Sparta, maybe the 5000 or so inhabitants etc., he had zero concern for anyone else.

    So once again, condense your sphere of concern to the bare minimum. Once again yourself your wife your kid. Cut everything else out?

    Becoming more selfish with your time your focus your concentration

    Recently Cindy and I have been reading more Thich Nhat Hanh, in one of the really really interesting things that I gleaned is that meditation is simply concentration. 

    For example, even when you’re on a flight and you’re bored, and you simply sit and close your eyes, put an earplugs and a face mask, and an eye mask, what you’re actually doing is concentrating. Trying to cut out distractions, is the best definition of meditation.

    I even had a random idea that they only reason that I hate graffiti is that it is distracting. Any sort of advertising or spam which is unwarranted to me is positively bad because it is just like graffiti. I kind of know and I kinda get it because when I was a kid or a teenager or in high school, me and my friends guide to graffiti tagging, spray paint simply as kind of a risk game. The game was too use our spray paint or our spray tools to have a contest in which we will try to essentially have a competition:

    Who would have the most balls and the most courage, to tag or spray paint in a spot which had maximum risk of getting caught, but yet not getting caught and getting away with it?

    The moment that me and my best friend stopped was the moment in which we saw this old Latino woman, on her knees in hand scrubbing our graffiti spray paint game, about the age of our mom… Being teenagers or highschoolers, we didn’t really have a real practical thought that in fact, our mischievousness was predicated on actually having somebody about the age of her mom having to scrub it off herself? After that we swore off graffiti.

    I’ve even had this thing in Culver City… Whenever I see ugly or annoying advertisement spam graffiti, I just take it as my own own to tear off the graffiti the spam or whatever and throw it in the trash because I am very visually sensitive, and I always do the same walking paths in the day. If anything I’m thinking about volunteering for my local city to volunteer my time to remove graffiti?

    We are much more sensitive than we think we are

    I think from an evolution perspective, we are insanely sensitive creatures to sound visual things, stories, ideas etc. In the past it was a matter of life or death.

    For example, loud noises. Any in every single human being, is sensitive to loud noises. Because if you heard the rustling of a animal in the bushes, if you were not sensitive to the sound, you would have probably been eaten alive by a bear or something. Or if you saw something frightening with your own two eyes, also a survival mechanism. That is why whenever we see disturbing, could stay with us for days weeks months, maybe even years? Even soldiers, who have experienced tragedy get PTSD, from the sounds of bomb’s warfare, and personal tragedies with their own two eyes.

    Practicalities

    I have a simple filter: if that matter doesn’t actually involve money, don’t bother with it.

    For example, currently my only concentration is bitcoin. And microstrategy stock which is essentially levered long bitcoin. And micro strategy, because I am a proud shareholder. And also, more recently, Dylan Le Clair —  because he has the most intelligent opinions when it comes to microstrategy.

  • Predator or Prey?

    So in life, do you desire to be predator or prey? 

    Anger

    So this is a big thing, if you see some asshole smoking or if you’re playing at the park with your kid and you see somebody about to light up a cigarette, maybe we had the courage to ask him to not smoke here or there to ask them to smoke somewhere else. So I think this is a big thing; Almost like 100% of real life daily life, there is nothing which requires physical courage.

    For example, almost never will you ever get into a physical fist fight with anybody. The only perhaps downsides you could experience or suffer is like verbal arguments, getting your blood pressure and adrenaline up etc.

    What if aggression were virtuous?

    In modern day society we are taught that aggression is not to be done. Almost everything in life and society trains us to be non-aggressive.

    For example, all laws ethics and morality, it is like 100% towards non aggression.

    Now the downside of this is that I do believe that there is some cases where acting aggressively is a virtue. If anything, I think the best way to develop yourself is to rethink and reconsider ethics morality etc. Beyond good and evil, beyond good and bad, do you think more critically about things.

    Eagle vs Lamb

    Is the eagle evil? For eating the delicious lamb? No. And also this is a big thing… Does the eagle have a bad conscience about eating the lamb? Similarly speaking, no!

    Yet the tricky thing is in this world, we are taught and trained that in fact, it is more virtuous to be the Lamb than the eagle.

    Now this makes sense because you can’t have a bunch of eagles running the show. You can’t have a bunch of high testosterone alpha males jostling for position all the time. Society would probably collapse.

    And therefore, if you think critically about this, what that then means is that you need to teach yourself to become more alpha.

    Bitcoin is the alpha asset

    Assuming that you’re an alpha male, I am. I don’t think I’ve ever met a real life human being in the flesh, who is more alpha than me. In fact my whole life ever since I was a kid, my desire and desired outcome was always to become more alpha than the rest.

    For example, I think I’m pretty happy that I was born very very tall, around 5 foot 11. I have never been shy about my height. I have met people who are taller than me of course, but because I myself already feel like I am the “tall” category, this has never been an issue.

    Also I suppose the gratitude of being born Korean Korean American, Asian American and states is that once again, I’ve never had some sort of inferiority complex, because all the schools I went to were mostly Asian American dominated. I was part of the dominant minority. 

    Also being born a man. The truth is in society, men will always be more alpha than women. Why? Physical size strength, aggressiveness and testosterone. Certainly it is a good thing to seek more equality between the sexes, in the workplace and economic opportunities etc., But when it comes down to it… Alpha wins. 

    America is Alpha

    America is Alpha, the US dollar is the alpha currency. There is no second best. Nobody wants a Chinese yuan, KRW or euro or British pound.

    The same thing goes with metals; we only want gold. Nobody wants silver.

    Also the same thing with bitcoin. Everyone wants bitcoin, nobody cares for Ethereum or anything else. I think the only thing is honestly, everybody in Ethereum community has a small dick envy of bitcoin. In 1 trillion years, Ethereum will never never never ever ever ever Supersede bitcoin. It is just not possible from a physics perspective.

    Never trade the best for second best

    So assuming that you have the best, the best capital the best stuff the best wealth etc., why would you ever trade it for the second best? 

    Also on the collary, isn’t also the virtuous goal to choose the second best and convert it to the first best? 

    Convert all of your fiat currency in capital to bitcoin

    So I thought there’s a very very long time ago, the basic idea is that the smart strategy is take all of your fiat currency and all of your weak ass assets and converted to the strong assets which is bitcoin.

    I thought this about like four years ago, so if you were to Amazon Apple Facebook Google meadow whatever, and assuming that you converted all your income into bitcoin, you could have retired at least 10 times over.

    Now what is the big issue here? We millennials we have so much economic and financial power now, yet we are all scared. Essentially we have been beaten into submission; when we were children growing up we were told that we could do anything become anything etc., but now that we have become adults, the biggest issue is that we have become complacent, weak, maybe we drive some sort of entry-level Audi, Tesla, whatever… We have pretty good salaries at a big tech company, and we no longer have a desire nor reason to invest investigate bitcoin or invest in it.

    I asked my friend Marcus in Seattle this, several years ago whether people in Seattle were interested in bitcoin or crypto or not and he said no because they didn’t really have a need to know because everyone there who is already working for Microsoft is already making good money and therefore as a consequence, they don’t have a need to know. 

    Bitcoin Deus ex machina

    So the way I was able to rediscover bitcoin was moving to LA, with the absurdly high cost-of-living. $3200 USD a month for rent in a two bedroom one bath nice apartment.  note, when we are living in Hanoi Vietnam in 2017 we only paid $320 a month in rent. Literally, we 10’xd our expenses for living after moving to America. 

    The goal should be to do the exact opposite, to reduce your expenses by 10 X.

    What’s the issue here

    Take a leap of faith, take the risk.

    ERIC

    JUST RISK IT!

    EK BLOG >


  • What is “Reality”?

    So random thought on my mind; what is “reality” why does it matter etc.?

    First, obviously reality comes back to embodied reality. That is like literally being on your own two legs, walking around town, saying hello to people, smiling and waving etc.

    Fake reality

    Now what are the most pernicious things about modern day life? Essentially we are like plugged in some sort of metaphorical matrix, in our everyday lives and lived realities, we are like living on rails.

    For example, most of us follow the same cycle. Sleep wake up shower, drink coffee head to work, grind at work, go home only to self medicate and vegetate to Netflix or some sort of movie or streaming thing.

    How to free yourself

    Now the big problem is, now that essentially, I haven’t really watched any media or television, besides maybe John Wick for the last 15 years or so, is that now that I’m finally free and detached from all this nonsense, I’m starting to realize how troubling, grotesque, and disturbing a lot of this media is.

    I think the big issue issue here is desensitization. Our everyday lived realities are so uninteresting or boring or sad or whatever, and we seek some sort of extreme fake stimuli to keep us motivated?

    Fake motivations

    I’ll give you a real example; money wealth and riches.

    For example, all randomly on IMDb watching the squid game 2 preview, and now… That we got bitcoin, and also microstrategy, the whole premise of squid game no longer makes sense, about prize money. Because now that we have bitcoin, you don’t need some sort of fake magical prize money ticket lottery thing. You got bitcoin which is more or less a risk-free return, at least 60 to 120% for the next four years! It’s pretty obvious.

    Technically buying microstrategy stock is a better investment strategy

    And I would actually rate that microstrategy is poised to even outperform bitcoin by maybe 2X, we might see a microstrategy have an annual rate of return of 120% to 240% a year, for the next four years.

    That means if you have about $600,000 of microstrategy stock, you could easily see that balloon to $1.4M in a year, to $3.2M, to $6.4M to maybe $12.2M by the end of the Trump presidency.

    Or let us say that you have about $2 million worth of bitcoin, assuming that bitcoin under the Trump administration might go up 120% for the next 4 years,  similarly speaking, you will see some monster returns!

    Or simply put, microstrategy will give you superior returns over the next four years over buying Bitcoin directly.

    If your whole ethos is accumulate more bitcoin by the bitcoin directly using Coinbase or something.

    Also another strategy, buy and hoard your microstrategy stock for the next four years, and by the end of the four years you could just sell the stock and buy the bitcoin directly!

    Double your money and make it stack!

    So assuming that, ERIC Trump, the son of Donald Trump is committed to making bitcoin at least $1 million a coin, then what that means is I think we can expect that within four years, I think we’re looking at at least 10X in the next four years.

    So for example, if you have $1 million invested in bitcoin today, by the end of four years you’re going to see that 10X to $10 million. Pretty cool. Or if you have $2 million invested in bitcoin, you’re going to see that balloon to $20 million.

    Anyways, bitcoin aside, I been thinking about the future, investing in growing industry seems like a good bet. And what that then means is the opposite of not investing the stuff which are not going to grow.

    Is the field of photography a dying field?

    So some troubling thoughts; I look at photography, the world of photography and ultimately photography is my number one prime joy and concern. And now that I am financially independent like 1 trillion times over, and I really don’t have to worry about money ever again, I suppose I’m more interested in higher matters.

    So when I look at photography, the whole photo industry, it feels like the whole industry is dead without me.

    Look at all the cameras, they all suck they’re all lame. Even the best innovation as of late, the Linux S9, with the 26 mm f8 pancake lens is slept on, nobody knows about it rather than myself, and also nobody owns it besides myself. Everyone else has some sort of loser cannon, or even worse Sony camera.

    Apple?

    So Apple is in a really bad position right now, like I just use that image playground AI thing, and it is so lame and bad.

    If Steve Jobs were alive today, he would have thrown it into the furnace twice over.

    I think the biggest issue here is that the issue of “app creep”– now that Jony Ive has left the company, and no more innovators or visionaries are there anymore, it is becoming like a weird mismatch or sludge of poor innovation ideas.

    It’s essentially you have like a bunch of dudes, who might have worked in Microsoft or Dell or something, seeking to “improve “Apple products simply by making the processing power stronger. But this is not what we want, we want radical innovation!

    But I wonder if Apple has become too big and fat, she no longer has a need to invade because she’s already on top, and everybody else is already trapped within her ecosystem, only to upgrade their iPhones until the end of time?

    The disruptor

    The disruptors dilemma; once you’re on top, I suppose the critical primary difficult issue here is once you’re rich fat, comfortable on top, in your yacht, partying with your burger babes, how can you continue to innovate disrupt etc.?

    So for example, I think Apple has been trying hard to disrupt herself, without much fanfare or acclaim. Why? They need something radically new carte blanche, something that no longer is in the DNA or the soul of Apple.

    For example, Apple is trying to over diversify interfield that she is not very very good at. For example, AI, image generation, and virtual reality.

    If Apple was smart she should just refocus. Cut and axe the whole virtual reality Vision Pro department, and refocus and recapitalize on iOS as well as the iPhone. Take all the smart engineers who are working on the vision pro, and have them make the iPhone great again. Because the truth of the matter is nobody wants to put any device on top of their head, it is bulky cumbersome, and everybody hates it.

    Even if in theory, a Vision Pro literally would weigh nothing, nobody ever wants to put something on top of their head. I think it’s just human nature, just look at any kid or child, they universally hate putting on hats beanies, or things would cover their faces. Most people would prefer to just pull out a phone.

    Think Miniaturization

    So what is an interesting thought is that actually, my opinion about the AirPods Pros has changed a bit; it’s like an insanely uber uber uber smart phone or iPhone that you could just plug into your ear.

    Think of AirPods as like a really mini iPhone

    For example I was just listening to a new Michael Saylor interview at the house, and one of the great things was while making my morning coffee, and shuttling back-and-forth and cleaning stuff, I was able to listen to the interview uninterrupted, without any hands.

    I would actually say maybe a big focusing direction for Apple should be to refocus on the AirPods division. Like trying to figure out new innovative ways that technology can be embedded in the AirPods, in general etc., which can make life better?

    Dematerialization

    Another big thought is what I find so infinitely fascinating about bitcoin is that it is real, it exists, it is the ultimate new form of property. Yet you cannot hold it in your hands, you cannot see it in the flesh. It weighs nothing.

    Cindy said something funny; I have never seen a bitcoin in real life, with my own eyes, how do I know it is real and that it exists?

    A similar sentiment should be about the internet the cloud, your bank account your checking balance; you have probably never seen it in real life, how do you know it really exists?

    Same thing!

    Things can be real without you actually seeing it

    For example, many of us are chasing wealth and fame, yet all you see is maybe bots on the internet and social media following you. How do you know any of it is real?

    What’s real?

    So to be a little more specific, I think we need to break down the notion of real — the term of “real.”

    For example, when we talk about things which are real reality etc., are we talking about physical? Like something that has weight substance, in space in time? Like a brick of gold?

    Or do we mean to say legitimate? 

    Physicality vs Legitimacy 

    I think I see the big issue here is once again, maybe it’s a legitimacy issue. The reason why people do not think bitcoin is real and the traditional sense is that people do not value it for its legitimacy. Still even in 2024, incoming 2025 — people are still talking about how it seems like a ponzi scheme? Pretty backwards.

    The reason why, is as long as you have mainstream media still talking about ridiculous notions of ponzi scheme, it’s going to trigger a reaction into people, discouraging them from entering the asset class which is bitcoin.

    The biggest reason why bitcoin is not a Ponzi scheme is that there is no central issuer– it is decentralized; Charles Ponzi was the guy who invented his Ponzi scheme, which was based on fake coupons which were not backed by anything. And the reason why he guaranteed hundred percent return in 90 days is because he would just pay other people incoming money. 

    Your margin is my opportunity

    But who knows maybe this is a good thing because it gives us a little bit more buffer time to accumulate more bitcoins while we can, when it is still at a discount.

    Michael Saylor actually made the interesting point maybe a year or two ago is that bitcoin was trading at around $35,000 a bitcoin or so, the general idea is that it is actually not desirable to have bitcoin magically become $100 million overnight because then if that were the case, we would lose our opportunity to purchase more of it when it was low!

    Wise greed

    And I think this is where it is wise to be opportunistic, and wisely greedy.

    Whenever everybody is uncertain, shaking in their boots, it is wise to get aggressive, greedy in an intelligent way.

    The patient investor

    So my personal thought is as investors, we should only think of a time span for the next four years minimum. Ideally 10 years 20 years 30 years 40 years 50 years or 300 years.

    How does one thing 300 years ahead? Simple, think about your kids kids kids. Like your son having a son having a son having a son.

    And also, whenever I look at healthy fit successful men in their 60s and 70s and even 80s… I have a ray of hope. It’s like me, maybe gray hair, the silver wolf, but wiser stronger more intelligent more sexy?

    I’m the giga chad!

    There’s a funny meme going around about the GigaChad, it’s like somebody who is like the most masculine guy of all time times a 1000.

    The vision is essentially a man, with a very very slim waist, with an insanely jacked demigod upper body lower body, and jacked chiseled face.

    Obviously the Russian bodybuilder is not a good model because he’s probably taking all the steroids on the planet. Yet this is obviously possible without steroids;

    Intermittent fasting no breakfast no lunch, just a 100% carnivore dinner, try to have 4 to 5 pounds of beef meat, lamb, ground beef, 80/20, beef ribs, beef liver organ meats etc. 

    Financial independence, retire early

    So this is a big thought; retire early. How to do it? Buy bitcoin just wait 4 years and retire!

    How to 10x your income 

    So this is a big thing; if I could guarantee you right now that you could instantly 10x your income, wouldn’t you do it? Of course!

    So it seems that the first easy strategy is to simply think of your income like 10X.

    For example, if you’re being paid like $20 an hour, assuming that you’re on the bitcoin standard, you’re essentially being paid like $200 an hour!

    How to save money

    Then the calculus becomes interesting; your impetus to saving money becomes predicated on the fact that anything you buy today, could cost you 10 “X in four years.

    For example that 50 bucks you drop on that thing, will be worth $500 bucks. Or that hundred dollars you put on that thing, will be worth $1000. Or even worse, that thousand dollar thing that thousand dollar iPhone will cost you $10,000 within 4 years!

    Accretive or dilutive? 

    So then this becomes the big idea; think accretive vs dilutive.

    The smart strategy and goal is to become accretive not dilutive.

    Gas

    I will scream this until I get hoarse; think of gas, never ever ever own or drive or acquire a vehicle which requires premium gas.

    It’s almost like voluntarily putting a leech on yourself or your healthy child, or bleeding your child to death.

    For example if I could tell you that you can voluntarily take your healthy firstborn son, and bleed a pint of blood out of him every single day, would you do it? Of course not!

    If we think about money in capital like economic blood, think the same thing.

    You want to be accretive not dilutive.

    What is accretive?

    I have a funny theory, is that if you want to become the GigaChad the ultimate investor or whatever, you must make your body like a demigod.

    So a very simple thought is a very very simple thing that could be accretive is muscle. 

    For example, you lift heavy stuff, you lift heavy weights, in the evening you eat 5 to 6 pounds of beef, obviously you’re going to accrete muscle, skeletal muscle mass. 

    And once again, 100% carnivore diet here, all meat no filler.

    You do not need carbs

    A lot of pseudo-scientific fitness people think that you need to consume sugar carbohydrates to accrete muscle. This is all built upon a platform of flimsy knowledge, written mostly by people who are on steroids.

    I have proven, and I am a very normal human being, that at around a body weight of maybe 160 pounds, a human being can lift 1000 pounds, while fasted, while not consuming any protein powder, steroids or whatever, can do it. And obviously I’ve built a lot of muscle mass, simply by following 100% carnivore diet, all meat no carbs no sugars no starches.

    I almost wonder if meat is like bitcoin. All killer no filler.

    ERIC

    Learn more:

    1. Intro to bitcoin lecture
    2. Transcript

    Learn more Bitcoin >


  • What is “Reality”?

    So random thought on my mind; what is “reality” why does it matter etc.?

    First, obviously reality comes back to embodied reality. That is like literally being on your own two legs, walking around town, saying hello to people, smiling and waving etc.

    Fake reality

    Now what are the most pernicious things about modern day life? Essentially we are like plugged in some sort of metaphorical matrix, in our everyday lives and lived realities, we are like living on rails.

    For example, most of us follow the same cycle. Sleep wake up shower, drink coffee head to work, grind at work, go home only to self medicate and vegetate to Netflix or some sort of movie or streaming thing.

    How to free yourself

    Now the big problem is, now that essentially, I haven’t really watched any media or television, besides maybe John Wick for the last 15 years or so, is that now that I’m finally free and detached from all this nonsense, I’m starting to realize how troubling, grotesque, and disturbing a lot of this media is.

    I think the big issue issue here is desensitization. Our everyday lived realities are so uninteresting or boring or sad or whatever, and we seek some sort of extreme fake stimuli to keep us motivated?

    Fake motivations

    I’ll give you a real example; money wealth and riches.

    For example, all randomly on IMDb watching the squid game 2 preview, and now… That we got bitcoin, and also microstrategy, the whole premise of squid game no longer makes sense, about prize money. Because now that we have bitcoin, you don’t need some sort of fake magical prize money ticket lottery thing. You got bitcoin which is more or less a risk-free return, at least 60 to 120% for the next four years! It’s pretty obvious.

    Technically buying microstrategy stock is a better investment strategy

    And I would actually rate that microstrategy is poised to even outperform bitcoin by maybe 2X, we might see a microstrategy have an annual rate of return of 120% to 240% a year, for the next four years.

    That means if you have about $600,000 of microstrategy stock, you could easily see that balloon to $1.4M in a year, to $3.2M, to $6.4M to maybe $12.2M by the end of the Trump presidency.

    Or let us say that you have about $2 million worth of bitcoin, assuming that bitcoin under the Trump administration might go up 120% for the next 4 years,  similarly speaking, you will see some monster returns!

    Or simply put, microstrategy will give you superior returns over the next four years over buying Bitcoin directly.

    If your whole ethos is accumulate more bitcoin by the bitcoin directly using Coinbase or something.

    Also another strategy, buy and hoard your microstrategy stock for the next four years, and by the end of the four years you could just sell the stock and buy the bitcoin directly!

    Double your money and make it stack!

    So assuming that, ERIC Trump, the son of Donald Trump is committed to making bitcoin at least $1 million a coin, then what that means is I think we can expect that within four years, I think we’re looking at at least 10X in the next four years.

    So for example, if you have $1 million invested in bitcoin today, by the end of four years you’re going to see that 10X to $10 million. Pretty cool. Or if you have $2 million invested in bitcoin, you’re going to see that balloon to $20 million.

    Anyways, bitcoin aside, I been thinking about the future, investing in growing industry seems like a good bet. And what that then means is the opposite of not investing the stuff which are not going to grow.

    Is the field of photography a dying field?

    So some troubling thoughts; I look at photography, the world of photography and ultimately photography is my number one prime joy and concern. And now that I am financially independent like 1 trillion times over, and I really don’t have to worry about money ever again, I suppose I’m more interested in higher matters.

    So when I look at photography, the whole photo industry, it feels like the whole industry is dead without me.

    Look at all the cameras, they all suck they’re all lame. Even the best innovation as of late, the Linux S9, with the 26 mm f8 pancake lens is slept on, nobody knows about it rather than myself, and also nobody owns it besides myself. Everyone else has some sort of loser cannon, or even worse Sony camera.

    Apple?

    So Apple is in a really bad position right now, like I just use that image playground AI thing, and it is so lame and bad.

    If Steve Jobs were alive today, he would have thrown it into the furnace twice over.

    I think the biggest issue here is that the issue of “app creep”– now that Jony Ive has left the company, and no more innovators or visionaries are there anymore, it is becoming like a weird mismatch or sludge of poor innovation ideas.

    It’s essentially you have like a bunch of dudes, who might have worked in Microsoft or Dell or something, seeking to “improve “Apple products simply by making the processing power stronger. But this is not what we want, we want radical innovation!

    But I wonder if Apple has become too big and fat, she no longer has a need to invade because she’s already on top, and everybody else is already trapped within her ecosystem, only to upgrade their iPhones until the end of time?

    The disruptor

    The disruptors dilemma; once you’re on top, I suppose the critical primary difficult issue here is once you’re rich fat, comfortable on top, in your yacht, partying with your burger babes, how can you continue to innovate disrupt etc.?

    So for example, I think Apple has been trying hard to disrupt herself, without much fanfare or acclaim. Why? They need something radically new carte blanche, something that no longer is in the DNA or the soul of Apple.

    For example, Apple is trying to over diversify interfield that she is not very very good at. For example, AI, image generation, and virtual reality.

    If Apple was smart she should just refocus. Cut and axe the whole virtual reality Vision Pro department, and refocus and recapitalize on iOS as well as the iPhone. Take all the smart engineers who are working on the vision pro, and have them make the iPhone great again. Because the truth of the matter is nobody wants to put any device on top of their head, it is bulky cumbersome, and everybody hates it.

    Even if in theory, a Vision Pro literally would weigh nothing, nobody ever wants to put something on top of their head. I think it’s just human nature, just look at any kid or child, they universally hate putting on hats beanies, or things would cover their faces. Most people would prefer to just pull out a phone.

    Think Miniaturization

    So what is an interesting thought is that actually, my opinion about the AirPods Pros has changed a bit; it’s like an insanely uber uber uber smart phone or iPhone that you could just plug into your ear.

    Think of AirPods as like a really mini iPhone

    For example I was just listening to a new Michael Saylor interview at the house, and one of the great things was while making my morning coffee, and shuttling back-and-forth and cleaning stuff, I was able to listen to the interview uninterrupted, without any hands.

    I would actually say maybe a big focusing direction for Apple should be to refocus on the AirPods division. Like trying to figure out new innovative ways that technology can be embedded in the AirPods, in general etc., which can make life better?

    Dematerialization

    Another big thought is what I find so infinitely fascinating about bitcoin is that it is real, it exists, it is the ultimate new form of property. Yet you cannot hold it in your hands, you cannot see it in the flesh. It weighs nothing.

    Cindy said something funny; I have never seen a bitcoin in real life, with my own eyes, how do I know it is real and that it exists?

    A similar sentiment should be about the internet the cloud, your bank account your checking balance; you have probably never seen it in real life, how do you know it really exists?

    Same thing!

    Things can be real without you actually seeing it

    For example, many of us are chasing wealth and fame, yet all you see is maybe bots on the internet and social media following you. How do you know any of it is real?

    What’s real?

    So to be a little more specific, I think we need to break down the notion of real — the term of “real.”

    For example, when we talk about things which are real reality etc., are we talking about physical? Like something that has weight substance, in space in time? Like a brick of gold?

    Or do we mean to say legitimate? 

    Physicality vs Legitimacy 

    I think I see the big issue here is once again, maybe it’s a legitimacy issue. The reason why people do not think bitcoin is real and the traditional sense is that people do not value it for its legitimacy. Still even in 2024, incoming 2025 — people are still talking about how it seems like a ponzi scheme? Pretty backwards.

    The reason why, is as long as you have mainstream media still talking about ridiculous notions of ponzi scheme, it’s going to trigger a reaction into people, discouraging them from entering the asset class which is bitcoin.

    The biggest reason why bitcoin is not a Ponzi scheme is that there is no central issuer– it is decentralized; Charles Ponzi was the guy who invented his Ponzi scheme, which was based on fake coupons which were not backed by anything. And the reason why he guaranteed hundred percent return in 90 days is because he would just pay other people incoming money. 

    Your margin is my opportunity

    But who knows maybe this is a good thing because it gives us a little bit more buffer time to accumulate more bitcoins while we can, when it is still at a discount.

    Michael Saylor actually made the interesting point maybe a year or two ago is that bitcoin was trading at around $35,000 a bitcoin or so, the general idea is that it is actually not desirable to have bitcoin magically become $100 million overnight because then if that were the case, we would lose our opportunity to purchase more of it when it was low!

    Wise greed

    And I think this is where it is wise to be opportunistic, and wisely greedy.

    Whenever everybody is uncertain, shaking in their boots, it is wise to get aggressive, greedy in an intelligent way.

    The patient investor

    So my personal thought is as investors, we should only think of a time span for the next four years minimum. Ideally 10 years 20 years 30 years 40 years 50 years or 300 years.

    How does one thing 300 years ahead? Simple, think about your kids kids kids. Like your son having a son having a son having a son.

    And also, whenever I look at healthy fit successful men in their 60s and 70s and even 80s… I have a ray of hope. It’s like me, maybe gray hair, the silver wolf, Budweiser stronger more intelligent more sexy?

    I’m the giga chad!

    There’s a funny meme going around about the GigaChad, it’s like somebody who is like the most masculine guy of all time times a 1000.

    The vision is essentially a man, with a very very slim waist, with an insanely jacked demigod upper body lower body, and jacked chiseled face.

    Obviously the Russian bodybuilder is not a good model because he’s probably taking all the steroids on the planet. Yet this is obviously possible without steroids;

    Intermittent fasting no breakfast no lunch, just a 100% carnivore dinner, try to have 4 to 5 pounds of beef meat, lamb, ground beef, 8020, beef ribs, beef liver organ meats etc. 

    Financial independence, retire early

    So this is a big thought; retire early.

    How to 10x your income 

    So this is a big; if I could guarantee you right now that you could instantly turn your income, wouldn’t you do it? Of course!

    So it seems that the first easy strategy is to simply think of your income like 10 X.

    For example, if you’re being paid like $20 an hour, assuming that you’re on the bitcoin standard, you’re essentially being paid like $200 an hour!

    How to save money

    Then the calculus becomes interesting; your impetus to saving money becomes predicated on the fact that anything you buy today, could cost you 10 X in four years.

    For example that 50 bucks you drop on that thing, will be worth 500 bucks. Or that hundred dollars you put on that thing, will be worth $1000. Or even worse, that thousand dollar thing that thousand dollar iPhone will cost you $10,000 within 4 years!

    Accretive or dilutive? 

    So then this becomes the big idea; think accretive vs dilutive.

    The smart strategy and goal is to become a creative not dilutive.

    Gas

    I will scream this until I get hoarse; think of gas, never ever ever own or drive or acquire a vehicle which requires premium gas.

    It’s almost like voluntarily putting a leech on yourself or your healthy child, or bleeding your child to death.

    For example if I could tell you that you can voluntarily take your healthy firstborn son, and bleed a pint of blood out of him every single day, would you do it? Of course not!

    If we think about money in capital like economic blood, think the same thing.

    You want to be accretive not dilutive.

    What is accretive?

    I have a funny theory, is that if you want to become the GigaChad the ultimate investor or whatever, you must make your body like a demigod.

    So a very simple thought is a very very simple thing that could be accretive is muscle. 

    For example, you lift heavy stuff, you lift heavy weights, in the evening you eat 5 to 6 pounds of beef, obviously you’re going to accrete muscle, skeletal muscle mass. 

    And once again, 100% carnivore diet here, all meat no filler.

    You do not need carbs

    A lot of pseudo-scientific fitness people think that you need to consume sugar carbohydrates to accrete muscle.  this is all built upon a platform of flimsy knowledge, written mostly by people who are on steroids.

    I have proven, and I am a very normal human being, that at around a body weight of maybe 160 pounds, a human being can lift 1000 pounds, while fasted, while not consuming any protein powder, steroids or whatever, can do it. And obviously I’ve built a lot of muscle mass, simply by following 100% carnivore died, all meat no carbs no sugars no starches.

    I almost wonder if meat is like bitcoin. All killer no filler.


  • Bitcoin is not a Ponzi scheme

    Bitcoin is not generally considered a Ponzi scheme because it does not rely on a central organizer promising guaranteed returns paid out from the funds of new investors. Instead, Bitcoin operates as a decentralized network with transparent, publicly verifiable rules that do not inherently promise profit to anyone.

    Here are some key distinctions:

    1. Lack of a Central Operator:

    A Ponzi scheme typically requires a central figure or company that orchestrates the fraud by collecting money from new participants and using it to pay earlier participants while pocketing some portion for themselves. Bitcoin, by contrast, is not managed by a single entity. It is maintained by a distributed network of independent participants (nodes, miners, and developers) who follow consensus rules and an open-source protocol. No one individual or organization takes in money with the promise of returns on a schedule.

    2. No Promised Returns:

    In a Ponzi scheme, the fraudsters promise consistent, above-market returns regardless of actual investment performance. Bitcoin makes no such promises. Its value fluctuates based on market supply and demand. People may buy Bitcoin hoping it will appreciate in value, but this hope is not the same as the guaranteed payouts characteristic of a Ponzi. If Bitcoin’s price goes up, it’s due to broader market speculation, investor sentiment, or adoption trends—not a structured siphoning of funds from new participants to old ones.

    3. Transparent and Open Infrastructure:

    Ponzi schemes thrive on secrecy and hidden cash flows. Bitcoin’s blockchain, on the other hand, is openly accessible and can be audited by anyone. All transactions and the issuance schedule of new Bitcoins (through mining) are transparent and algorithmically predetermined. This transparency allows participants to understand exactly how new Bitcoins enter circulation and how the network processes transactions.

    4. Independent Valuation and Utility:

    While Bitcoin’s primary use as of now may be as a speculative store of value or digital commodity, it does have attributes distinct from a fraudulent setup. Bitcoin enables borderless peer-to-peer transactions without intermediaries, can function as a medium of exchange (albeit limited so far), and can store value outside traditional banking systems. A Ponzi scheme, by definition, offers no legitimate product or underlying utility; its entire purpose is to shuffle money around to give the illusion of returns.

    5. Regulatory and Academic Acknowledgment:

    Although Bitcoin is sometimes criticized for speculative bubbles, few credible regulators or economists label it as a straightforward Ponzi scheme. Instead, it’s more akin to a highly volatile, early-stage digital asset or “digital gold” without guaranteed payouts. Many regulators treat it as a commodity or virtual currency rather than a fraud.

    In essence, Bitcoin’s price volatility and the speculative nature of participation might resemble certain bubble-like phenomena, but it does not meet the structural criteria of a Ponzi scheme. It lacks the centralized manipulation, guaranteed returns, and hidden payout structure that define such schemes. Instead, Bitcoin is a decentralized digital currency whose value and future are determined by its network effects, technological features, and the unpredictable dynamics of global markets.

  • The More Bitcoin You Own, the Happier You Shall Become!

    Wealth and capital as a positive asset rather than a liability?

    Theory

    Each bitcoin as solidified happiness — the more bitcoins you own, the more positively happy you become?