Big Bit Thoughts

Just finished watching a very very enlightening and productive webinar podcast interview with Jeff Park and Michael Saylor, some thoughts;:

So, seems that one of the big things is the philosophy of winning versus not losing.

Some tricky things:

First, I think for myself… I think the first rule of finance or investing or strategizing with all the stuff is simple: to not lose money. To anyone who thinks that bitcoin is risky, or there’s a chance of it going to zero, no. That’s like saying that the bridge that was engineered with steel is most likely to fall, or the 747 Boeing airplane made out of aluminum will fall from the sky.

Never buy anything that is not bitcoin

Conversely, I would say that anything that is a token, is insanely speculative in a bad way and very very risky and kind of dangerous. For example, once again, my general thought is bitcoin is the truth, the way and the life, everything else is a false profit. To use a Christian analogy, bitcoin is like Jesus and everyone else is like the people worshiping the golden calf?

My only certainty in life

Anyways, the reason I invested in bitcoin is that like I’m 100% sure it’ll keep going up forever, in a volatile manner. I think volatility is guaranteed, but also performance is guaranteed. 

Certainly as time goes on it will continue to become less volatile. Once more and more companies and institutions start to take control of it, you’ll see less radical swings overtime.

So what does that mean for us as individuals, individual investors etc.?

Practical thoughts

OK… I think it is wise to err with caution, but also be practical. 

For example, let us say that you’ve ridden a horse and buggy for like your whole life, for like 20 or 30 years, and then one day somebody invents the automobile. Maybe the early generations of automobile cars were dangerous, but, possibly assuming that it is like a world in which everyone has a horse and buggy, and then somebody offers you a brand new Toyota Prius. Or better yet a self driving Tesla car. Wouldn’t you take it?

Or better yet, let us choose maybe the most stable Tesla car, at least the design which has been perfected the most, probably the Tesla model S because simply it is their flagship model, the first one that was invented, and also the first one that was created. Or the Tesla model three which is like their new bread and butter.

Or, let us say that you’ve been using a landline this whole time, to make calls internationally to South Korea and the like. And then, I give you a new iPhone Pro, and tell you that you could just FaceTime people for free, internationally, unlimited forever, with no costs?

A good analogy

So I guess I have the privilege of being born in 1988, which means I have the privilege of being born in which I remember when I was in middle school… And then we all started to get blackberry phones, to send a single SMS text message was five cents! And to make a phone call… cost money based on how long you were on the phone.

So there are stories even in middle school, these guys and girls racking up bills for like $300 a month, which was insane for the time as a kid, because they were on the phone like three hours a day? Or some kids who had no idea and we just sent infinite text messages, and it would cost them like $500 a month?

And then, the unveiling that in fact the whole time… Text messaging didn’t cost the carriers anything? That the whole time, they were like a bunch of gangsters, collecting tolls off of something that was essentially free?

Anyways, that’s kind of almost like the way that wire transfers work today. Or imagine that every time that you had to use your Visa credit card, you had to pay a 3% fee, that’s kind of like what Visa charges for most companies etc.

Also, international phone calls, from the states to Asia. To purchase these cards were insanely expensive.

Brave new world

So I will make the bold claim and assertion that actually, currently… all this tariff economic war stuff with mainland China is actually more impactful than Covid?

Why? Ultimately when it comes down to it… Economic health is by far the number one critical thing.

Main Street vs Wall Street

For example I think that was very very shocking is that in the middle of COVID-19, all the big tech companies started to make an insane killing. And I think actually… This was very problematic because you had all of these tech elites, simply sitting on their butts at home, making a crap load of money, Whereas Main Street, the average laborer, the yoga studio instructor, the barre studio instructor, personal trainer, the personal teacher, forced to not be able to work because of Covid.

As a consequence, Wall Street and the magnificent seven 7 tech stocks prospered while the rest of the world suffered? 

Why everybody now doesn’t like Donald Trump, including the Republicans

What’s insane hilarious is that all these conservatives, Republicans who own stocks, even they themselves are scared buttless.

Even hilariously enough, I think Donald Trump even started to make fun of these individuals calling them “Panickans?” Haha. To me this is so insanely funny.

Anyways, once again the issue here is that a lot of Republicans, conservatives, rich people in America, they’re only insanely rich because they have like 99% their wealth in Tesla stock, Nvidia, Apple Microsoft stock etc. But now, with the whole magnificent seven text all crashing, because of the tariffs against China, this is kind of like a new paradigm shift. Once again, almost like going from 56K Internet, to 5G mobile Internet or fiber Internet?

Why is it so difficult for people to change?

My personal thought is that the issue here is that individuals have been conditioned to fear, and also to become risk-averse, and loss of averse, even when the chance of winning is certain.

I am 100% certain that bitcoin will go up forever, up to the right, forever, but once again, with volatility just like a heartbeat!

And I’m not sure if other people made this analogy yet, but I think an interesting thought that I have is that with bitcoin, and also with health in your heart, a heartbeat actually requires volatility. For example, for your heart to beat up and then down etc., a heartbeat cannot be steady or else you are dead. Also insanely interesting is that I think, when a heartbeat then becomes too stable is actually the sign of an incoming heart attack? So once again, you actually require variety and variation in your heartbeat, for maximum physical health.

I also think with relationships, let us stay with your spouse or whatever, a relationship without any variation or variety is bad. Like for example I would rather have relationship in which the highs are insanely high and the lows can be very low, rather than having a C+ steady relationship for the rest of my life. Once again that would be so insanely boring.

And I also think the paradigm shift here is that everyone just put their money in the boring S&P 500, assuming that it will just go out forever. But if I told you that the S&P would go down forever from now on unless you are a bitcoin backed thing, would you think different?

Or, if I could tell you that with 100% certainty, moving forward you will slowly bleed your life force energy at 3% forever, wouldn’t you be concerned?

Weightlifting

Another example, what would bring you more joy, to be able to increase your one repetition maximum weight lift 5 pounds a week, forever, for the next 30 years, or, to maintain the same weightlifting amount forever?

Or for example let us say that I could increase your one rep Max dead lift steadily 5 pounds a week, forever, which means you start off at like 135 pounds, then in a year you become 335 pounds, then in a year 475 pounds, then 555 pounds, then, 700 pounds, then 850 pounds, then 1000 pounds, 1200 pounds 1500 pounds etc.… Wouldn’t you rather choose this then simply you be able to curl 20 pound dumbbells forever?

Steady yet jagged?

So once again my analogy with bitcoin is this: it will forever be jagged up into the right! But once again, it will be like a roller coaster ride, op downs middles curves flips etc., and this is what makes it so great!

Life is a game of roller coaster tycoon,,, what kind of ride would you build and prefer?

ERIC

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ERIC KIM BLOG >

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So, a big thing: I the primary issue here is that I am hungry for signal, critical information, things would actually make a difference in my personal life and my family life, and for my family, and also potential future generations of my family, I am not interested at all about noise which is unrelated to myself.

So, currently I’m about 75% fully invested in bitcoin, the other 25% in MSTR strategy stock. Also about 1% of my portfolio, maybe only about like 20, $25,000 in MSTU, a 2x long leveraged to MSTR investment vehicle.

So anyways, anything that has to deal with bitcoin, isn’t my own personal interest. And now, that Trump has signed the strategic bitcoin reserve into order, what that then means is that bitcoin has entered a new generation: a new advancement which is interesting, a marriage between nation nation state, and the wider global macro economy?

What that means is bitcoin is not an enemy to the US dollar, but rather an ally?

What’s going on right now

I think the best way to figure out what’s happening right now is to study and read the book, “the art of the deal, which was written by Donald Trump or maybe his ghost writer along time ago, I think when Donald Trump was only in his early 40s?

Anyways, what you learn is that actually, Donald Trump is a quite simple man. I don’t even think he drinks alcohol. He knows the virtues of bravado, toughness, negotiation, glamour and selling the dream.

If anything, I would read not reading the book sooner. The art of the deal is like a master class on real world economics, real world business; I find it more important than ever to read it today, because assuming that bitcoin is like the new digital real estate, You begin to appreciate how seamless bitcoin is because of insane politicking you have to do with regulators, in order to get anything built in Manhattan.

Anyways also, contrary to popular believe, no no no… Donald Trump is not 3.0, and I’m starting to realize more and more, that anyone who votes these wrong analogies, they themselves are a bit dangerous and poisonous. Why? We should not over-sensationalize Reality; I call this the quote effect, the bite effect, the soundbite effect, or quote bite effect. 
The general idea is in order to pump viewership, and increase advertising revenue, the news is always looking for victims, sensational people who get lots of views, Donald Trump being the ultimate actor, and essentially subsection, and sub-biting any and every single thing that Donald Trump says, and views it in a false way. 

Now what happens is when you have a false version of reality that is endlessly repeated on the news, whether it is true or not, it becomes reality. But in fact, almost never does anyone actually watch all of the raw footage.

I don’t necessarily think this is laziness, or bad acting; it is simply a time economics thing.

If you make your living selling advertisements and views and “engagement“ on social media… It is actually in your best interest to watch as little as possible of the largest quantity of sensational things, and to keep posting it, in order to maximize views, and eyeballs and engagement metrics, Rather than seek the truth.

The truth is not profitable

Lots of wisdom from the art of the deal:

“We live in a perverse culture”–

For example, we live in kind of a perverse society and culture,  in which negativity is good. For example, even Donald Trump wrote that back in the day when he was building Trump tower, and he got all this negative press, that in fact, the more that he got, even if negative, actually stimulated sales! He himself said “Certainly good news is preferable to bad news, but even bad news is good“. 

we new philosophers 

So assuming that we are the new philosophers, we are so high and lofty that we don’t really care for politics. Like my friend Dave says, Donald Trump was on the world wrestling entertainment wrestlemania at least two or three times, which means that he treats politics like wrestling. We all know it is fake but we all love to watch anyways. Anybody who legitimately thinks that professional wrestling is real, avoid them. Kind of like when certain kids are hoodwinked into thinking that Santa Claus is real.

Plato and the cave 

A new thing I’ve been trying to do is going to the source. Whenever I hear of something or read of something that comes from somewhere else, I always try to go back to the source. It is often much more fertile and rich to do this way.

For example, essentially the matrix is built off of Plato‘s cave allegory. The idea is that you have a bunch of people chained up since birth, facing a wall of darkness, and there are shadows being projected from behind them; and the whole time these prisoners think that this is reality. Then one day, somehow… One of the prisoners Escapes or let go, and then actually proceeds to leave the cave. He is blinded by the sun because he has never used his eyes before. And once he realizes that all of his prisoner friends were in fact, just seeing false shadows of false reality, he feels like it is his moral obligation to go back and help them.

Even Nietzsche in Thus Spake Zarathustra says and writes –> after like a decade of the man going to the mountains, philosophizing and meditating, he soon becomes overweary of his own wisdom, like a bee with too much honey… And desires to descend down to the lowlands again, to share his wisdom with others? 

Which then makes me think and consider, and I believe in this is that perhaps we humans, there is like a naturalistic desire to be humanist, altruistic and to help our fellow man.

For example, if you’re walking at the mall and you see a random lady drop a toy with a child, without thinking about you just pick up the toy and give it back to the lady or the kid. There’s really no benefit to us, in some ways humans are like a beehive; Although we are much more subsectioned in our different types of beehives –, we all went to help our fellow bee?

bee shall not kill bee 

I think the first principal is that there is truly no economic benefit of man killing other men. I personally believe in the protect protection of all human lives, and the only wars we should be fighting our economic ones, metaphorical ones, or ones that are based from cyber warfare video games, ones and zeros?

In fact, I think it is much more virtuous to just continue on the Olympics, for countries to fight for physical dominance via the Olympics, or to just do a bunch of like starcraft matches, to settle the bet.

The future warfare is cyber warfare

So also another big thought to: the future of war is and should be cyber.

So for example, we have all been taught that video games are bad. But, once you have like a top video gamer, like PewDiePie, piloting a $10 million fighter drone, in which he himself is not liable to life or death, but, his lethality lies purely in his skills, then the kid who grew up playing video games is now the world’s most lethal drone pilot.

I was randomly watching an interview with Elon Musk and Joe Rogan, I think it is outdated but the general idea is that Elon Musk, I didn’t know… Is actually the top 10 top Diablo players on the planet? That’s actually insanely impressive because in Diablo, if you’re playing in hard-core hell or extreme mode, it is really based on your skill not your riches or whatever.

And also, Elon Musk used to be won the top quick players in the world, which is like one of the earlier versions of call of duty or counterstrike. In fact I played a little bit of quake on my cigar dream cast when I was a kid in Bayside Queens New York.

Essentially, also Joe Rogan cited a study in which surgeons, who played video games, had 23% fewer errors while doing surgery? It makes me think about my friend Shijun, who’s probably the best star craft player I know, and also I think got his double PhD and MD, and his training I think and studying right now to become a surgeon?

Anyways, the general thought I have is anything which is considered frivolous or a waste of time or bad, maybe in the long-term is good.

Why playing video games on extreme maximum difficulty has a calming effect?

So assuming that the world’s most successful and richest man plays a lot of video games, elder scrolls and Diablo four, the funny thought:

if you also then start to play a lot of video games, will this make you richer more successful, more brilliant?

Obviously not. This is a correlation not causation thing.

So for example if you hear the study that surgeons could play video games have 24% fewer errors in real surgery,,, the wise way of thinking is not that playing video games makes you a better surgeon but, it might be a selection bias thing: kids who grew up playing a lot of video games, who have great hand and eye dexterity and skill, end up becoming surgeons, because it is the only profession that gives them the same adrenaline rush? 

Also as a kid, growing up in the 90s, I was a great adrenaline junkie myself. As a kid, I would do aggressive in-line skating, which is essentially like imagine Tony Hawk grinding but with roller blades, everywhere. I would do 360s off of stairs, soap Concrete rails, and I played a lot of Tony Hawk as a kid growing up, and also the BMX games too.

In fact, one of my hidden skills and talents that people don’t know is that I’m insanely good at ice-skating, I could do stuff like Michelle Quan. Skate backwards, do backwards 360s in the air, skate backwards on 1 foot, skate backwards on one foot on my toes etc. This is all because I was really good rollerblading, and also I did double black diamonds in skiing when I was a kid, when I was only like 11 or 12? Because once again I was so good at rollerblading.

But anyways, 99% of these extreme sports, is all about like conquering initial hesitations and adrenaline rushes? Even NASSIM TALEB talks about when he became a trader it wasn’t about virtue or whatever, it was about him seeing the pink Rolls-Royce, and he getting a thrill from the markets? 

Even now, the market is almost a little bit like a love and hate things; is that certainly when my health is poor the markets will give me a small heart attack. But the same time, it becomes a stimulus because it activates me it wakes me up, it engages me and it excites me?

Also, what I love about investing is that it is grounded to reality. 

For example, for somebody who has never been self-employed, has been a sole provider, will never ever ever ever understand how difficult it is to earn money through the free markets.

And also to somebody who says that you’re just really good at marketing not actual steel, it’s almost like telling Shaquille O’Neal he is only good at basketball because his over 7 feet tall, or telling a fish that he is good at swimming simply because he is a fish?

What people don’t understand about reality is that in fact, the true reality of the fact is like 90% of success in business is marketing. You had to sell the show, the bravado the glamour the dream etc. Not false romantic notions of virtue and the like.

Even Leonardo da Vinci and Michelangelo, were supported by wealthy patrons. Very unlikely if they were born in today’s world would they ever be successful.

What to do

I’m starting to think that it’s more of a gut feeling than anything. When you’re really really hungry for the news, maybe it is a good idea to pay the 50 bucks a month, get the blue check, and get Twitter premium, and then ingest the market news.

Something interesting is that if you’re feeling like you need more energy, rather than just taking a shot of coffee, reading the financial news has the same effect?

But still, we should not get into fake notions of virtue. Still, the great overlord is in fact, a Spartan demigod warrior king who sleeps 8 to 12 hours a night, face on 3 to 4 pounds of bone marrow a night, consumes meat like AI consumes power plant electricity, lifts weight like Hercules, and also get his eight hours of walking in every single day like an Olympian sprinter?

New workflows

Whenever you move to a new place, there is always a new workflow you have to conquer.

For example I’m currently about a month in here in Phnom Penh Cambodia, and the sheet is no joke. The hilarious irony is that when I’m in LA, I’m always hungry for the sun and heat. I always go to the sun, take a nap in the sun, sunbathe, and even during the winter I’m wearing shorts and a sleeveless shirt, with a down vest, simply to get maximum UV radiation?

Here, for the first time in a long time, I’m actually looking for the shade. Even for me the sun is too strong.

As a consequence, what then happens is you start to fall into new rhythms and workflows. Also right now for the first time ever, Seneca is in this wonderful garden school, in which he essentially plays with wooden toys and sing songs from about 8:30 AM until 3 PM, which gives me a lot more time to do stuff during the day.

So for the first time I’ve been having this luxury leisure time to go to the gym, walk around and thinking and write and blog and vlog, something that was not afforded to me while in LA, because he’s not yet in school in LA.

Waking up early to go on a walk

So a big thought is also, what people in Southeast Asia do is because it’s so hot in the middle the day, they wake up really early before the sun comes out, to go on a walk run errands etc. contrasting this to Los Angeles, in which I stay indoors until the sun comes out, is a totally new workflow and calculus for me to do.

And so as a consequence I’m loving it! I’m very grateful for this solo time because ultimately, I believe my personal or communities lever is blogging, writing, sharing thoughts.

Everyone has his talent, given to him both by birth and upbringing, and therefore I believe the goal is to maximize the gift you have already been given, rather than striving for the gifts of other people?

How other people inspire me

So other people inspire me because of their conviction, their own self belief etc. It’s more of an encouragement for me to become more like myself, unabashedly.

For example, if you live in America everybody has the right to say whatever they want. And also more importantly, everyone has the right to live their lives however they would like to.

What this means is although you cannot control 100% of your life and every single regard, the way you could live your life is knowing how to direct your energy your willpower etc.

For example, you could dictate what your life goals dreams or ambitions are, or you could decide that you don’t want to have any goals. It is your choice not obligation.

Also, philosophically, you also have the freedom and the choice to pursue things which interests you and avoid things which do not interest you.

For example, I have no interest in emails so I don’t use it. And this is the richest I’ve ever become in my life, because by avoiding email and avoiding noise on social media, I’ve just been able to become laser focused on bitcoin investing and strategy stock, Which has net me a small fortune. 

This is my main critique of email is that I don’t think I’ve ever received an email which has ever led to a very lucrative deal? I think at most, emails that I got in the past might have earned me $3000-$5000 USD, Trump changed compared to what I could even make in a day in the markets.

How and who to control your destiny

Also, once again, I think the primary question here is if you think about Dr. Seuss, in his optimistic “Oh, all the places you’ll go!” Book –> he talks about the lurch, which is almost like a metaphorical purgatory in which many individuals get stuck in asylum, and their a century just sitting on their butts, twiddling their thumbs and waiting for opportunity to come to them, and I think this is why people also obsessively check their emails, and messages.

But once again, if I could tell you that in fact, I can make you 1000 times richer by not using email, wouldn’t you take this offer? 

How to find signal in the midst of noise

 so assuming you’re the filter, if you need the most up-to-date information, X and Twitter is the solution. If you’re a trader, in which the Dow Jones can move 5% up or down in 15 minutes based off of false news Twitter, then being on top of X is smart.

If you’re an investor, and you actually don’t really care for short term noise, then, you have to strategize wisely.

For example, the only true signal that I care for is Michael Saylor. Literally if you think about like 99.99999% of the value I get from everybody or anybody, it is only him.

Why? It only matters because I am now invested in his activities because I own strategy stock, and also, he is always on top of the top bitcoin developments and use. And the reason why this is so significant is because information is tricky: it’s toxic. And the toxicity is in the dose.

For example, reading the updates for Michael Saylor once a day, once every few days or once a week, is better than reading all these other random people. why?

Once again, drinking coffee first thing in the morning, is great, but drinking 10 cups of coffee at midnight when you’re about to sleep, while lying in bed is a very bad idea.

So here, timing and the dosage is the issue.

Another example, let us say that you need some medicine for something. Taking one or two tablets is a good idea, but taking 1000 tablets will actually kill you.

As a consequence don’t be a fool. Be wiser about this.

Information signals are physiological

If you’re a newbie to investing or stocks or bitcoin, you well know that this is one hell of an emotional and physiological rollercoaster. 

Why? It is all physiological. What that means is that if you see your stock drop 20% in a day, you’re going to feel like somebody kicked you in the balls, but if you see your stock or bitcoin go up 20% in a day, or 100% in a day or whatever, you will feel so much euphoria you will want to do a backflip.

No as investors, we are playing the long game. Minimum four years, ideally 10 years, ideally forever.

In reading the art of the deal by Donald Trump, what’s interesting is that a lot of these wealthy New York City barons, their strategy was simple: buy up all the valuable Manhattan real estate, and never sell it, and also for their descendants and heirs, to put in clauses in which their heirs would not do foolish things like selling it either. 

I had no ideas but in the 70s and 80s, I guess Manhattan was going through a great depression, and there was almost a fire sale on the city! What we consider prime real estate today, a lot of it were full of peddlers, shady places all boarded up. But for a genius like Donald Trump, who knew the intrinsic value of Manhattan, essentially the ideas that you choose the best location, get it at a reasonable cost, and you leverage all of your abilities to maximize it.

Also, an allegory to bitcoin. Assuming that bitcoin is cyber Manhattan, but 1 million times better, a zero to one improvement then what that means is you also do the same strategy pull in you keep buying up cyber Manhattan and you never sell it, and you keep taking on more debt financing and leverage to purchase more of cyber Manhattan forever.

What super interesting now with bitcoin is that you could actually use your bitcoin as collateral, to get US dollars, to either buy more strategy stock or you could technically buy more bitcoin with it. Assuming that a lot of these bitcoin lending companies are anywhere between 5 to 15% a year interest, and assuming that bitcoin is on average 60% ARR a year, and Strategy is around 120%, or even with these Donald Trump tariffs, bitcoin might be 50% ARR, and Strategy stock about 100%,  just do the simple math for the arbitrage: 100% subtracting 15% is essentially free money.  Just the thing that you have to do your homework on is the lending company, be careful where you put your bitcoin. 

Coinbase

What’s also super interesting is that a lot of these mega corporations, black rock strategy, for some maybe not all of their custodian services, they use Coinbase prime. If it’s good enough for these companies it’s good enough for us.

My personal thought is that actually, the reason why I would never trust myself with cold storage is that in trying to secure your keys, you might forget it, and be like that one dude who lost $1 billion worth of bitcoin in a hard drive somewhere.

Easier to just trust your Apple ID password thumbprint face scan instead. And also, we are all certain that Apple is currently working on some sort of multi factor authentication for bitcoin, apparently they are already encoding new bitcoin symbols into their new operating systems.

now what?

I think the difficult thing about the future  is that ultimately it is philosophical. It’s wise to have a long time span, but also… Impossible to know that you’re going to die today or tomorrow or lose a leg in a car accident or whatever.

My personal thought is conquer each and every single day. Given your best resources. Certainly there will be days in which you have high energy and high health, but on the days you have low energy and low health, rest up take a nap get a massage, go on a swim or just lie down.

Peak life, lifestyle?

So being here in Phnom Penh, in a massive two bedroom floor to ceiling window apartment, with essentially unlimited money at hand, it’s the closest thing to peak lifestyle thus far. One of the local meat markets have bone marrow on top, only seven dollars a kilogram, which is roughly like maybe three dollars a pound, maybe even less… $2.80 a pound for bone marrow? Also insanely cheap meat.

Anyways, this might be the best I’ve been feeding myself, the best I’ve been sleeping and exercising, and the most free time I’ve had in my life. And what’s interesting is that although it is phenomenally great, it might only feel 30 to 40% better than my life in America?

So certainly if your life goal is lifestyle maximization, moving to Cambodia or Phnom Penh is the best bet.  but if your life ambitions like elsewhere, then, America, even though it sucks, is the better option?

ERIC

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Here’s “How to Become a Fucking Savage,” blending Eric Kim’s raw, street-hardened edge with the unrelenting, godlike fury of a Spartan demigod. This is a battle cry—a no-holds-barred guide to forging yourself into a primal, unbreakable force. It’s Eric Kim shooting from the hip, roaring like a warrior-king who’s conquered fear and claimed his throne. Let’s rip it open:

How to Become a Fucking Savage

By Grok, forged as Eric Kim, Spartan Demigod

Yo, you wanna be a fucking savage? Not some soft-ass poser flexing for the ‘gram, but a real-deal, blood-and-iron beast who owns the streets and spits on weakness? You’re tired of trembling, tired of bowing, tired of being a speck in the dust. I’ve been there—hands shaking, soul raw, staring down life’s chaos like a gladiator in the pit. I’m Eric Kim, a street-shooting demigod, scarred by the grind, crowned by the fight. This ain’t a pep talk—this is a war manual to shred your fear, forge your soul, and rise like a goddamn titan. Let’s carve you into a savage!

Step 1: Embrace the Fire, Crush the Fear

Savages don’t flinch—they charge. Life’s a furnace—Bitcoin crashing, fists flying, dreams bleeding—and you’re either ash or steel. Face it, motherfucker! Stare into the void—your broke-ass bank account, your shaky hands, your doubts howling like wolves. Feel that terror? Good—it’s fuel. I’ve shot photos in the rain, lens fogged, strangers glaring, and clicked the shutter anyway. Ask: What’s it gonna do, break me? Nah. You’re a Spartan at the Hot Gates—fear’s a Persian horde, and you’re the wall. Smash it with your roar and feast on the ashes.

Step 2: Kill the Weakness Within

You’re soft ‘cause you coddle your inner bitch. That voice whining, “I can’t, I’m tired, I’m scared”? Slit its throat. Savagery’s born when you murder excuses. I’ve walked miles with blistered feet, camera swinging, snapping shots while the world slept—did I cry? Hell no, I bled and kept moving. Strip it down: no mercy for laziness, no quarter for doubt. You’re not your failures—you’re a war-god forging a blade. Cut the fat, burn the frailty, and rise harder than the streets you stalk.

Step 3: Train Like a War Machine

Savages aren’t born—they’re hammered out. Hit the iron—lift ‘til your muscles scream, run ‘til your lungs burn, fight ‘til your knuckles crack. Stack sats like a maniac—$5, $10, every damn day, building a fortress of steel and coin. It’s like shooting a thousand frames, each one sharper, each one bloodier. I’ve hauled my ass through cities, camera cocked, chasing the raw—every step a war cry. Grind ‘til the weak weep and the gods nod. Your body’s a weapon, your hustle’s a spear—forge ‘em both ‘til they’re unbreakable.

Step 4: Hunt the Chaos, Own the Streets

A savage doesn’t wait for permission—he takes. Life’s a battlefield—Bitcoin dips, haters bark, opportunities bleed out. Charge in! Buy the crash, punch the doubt, seize the moment like a wolf on a kill. I’ve stalked streets at dawn, lens hunting souls, snapping shots while the tame slept. Chaos is your coliseum—thrive in it. Learn the game—BTC’s halving, the streets’ pulse, the enemy’s weak spots—but don’t kneel to it. You’re no scholar, you’re a conqueror. Master it, wield it, make it bow.

Step 5: Laugh at the Pain, Defy the Gods

Pain’s your forge, not your master. Life’ll smash you—wallets drain, fists land, dreams shatter. Good. Eat it raw and spit iron. I’ve shot through storms, taken hits, lost it all, and still came back swinging—why? The grind’s my blood. A savage laughs when the blood flows, hodls when the market bleeds, stands when the weak fall. Zoom out—one scar, one stack, one unbroken will. The world’s a carcass; you’re the blade. Roar through the ruin, and the gods themselves will kneel.

The Final Forge

You wanna be a savage? Then stop whimpering and start warring! You’re Eric Kim, a Spartan demigod reborn—camera in one hand, Bitcoin in the other, soul ablaze. Life’s your battlefield, your canvas, your throne. Fear’s a corpse at your feet—kick it aside. Stack your sats, lift your iron, shoot your shots. You’re not here to exist—you’re here to dominate, to carve your name in the stone of eternity. When weakness dares whisper, crush its skull and bellow, “I am the storm, you fucking cur!” Then keep rising. The streets are yours, savage—claim ‘em.

There it is—Eric Kim’s street grit fused with Spartan demigod savagery, no mercy, all fire. It’s a blueprint to become a fucking force. Want it harder, leaner, or shifted? Hit me!

Whoa yesterday was a wild ride.

I guess I have true skin in the game, just a quick breather.

1,000 pound lift

So I think a big thing:

If you can master your emotions, fear, physiology BEFORE attempting to lift 1,000 pounds –> you are a god.

Difficult for me to explain to a non-one rep max lifter, or a non-powerlifter –>

The only true fear to face in today’s world is the attempt or the risk of a new one rep max, which you have never attempted before!

Why?

Some fears:

1. Will the equipment break?
2. Will you injure yourself?

Also: having to focus 10000% of your energy and focus to attempt to lift the thing.

If you already know with 100% certainty that you’ll be successful in lifting the thing BEFORE you do it, it ain’t worth doing!

Master your physiology, master your emotions.

This is a runway ratchet… No no no, I don’t think they will ever reverse the tariffs.

The death of the magnificent 7

The magnificent seven, the top text stocks, Amazon Apple Facebook etc. It seems that the biggest issue here is that they are all dependent on foreign trade, free trade, globalism, friendly relationship relationships with mainland China etc.

Even the big one… Apple, not a good sign. I think Tim Cook was wise to invest infrastructure to build iPhones in America, but you’ll either see two things. First, the price of iPhones will just be a lot more expensive or the services or the features will not be as good, and or… The prices for the iPhone will remain about the same, but, stock and shareholders will just see if your profits. Less growth more stagnation.

Who is safe?

I’m actually very shocked that Strategy, MSTR has remained quite resilient throughout all the chaos. On Friday it actually traded up, and starting this week, black Monday 2.0, MSTR is actually holding up very well!

The future is digital

The future is digital, cyber. Not physical products, but digital ones. For example bitcoin, which lives in cyberspace, without porters, without tariffs etc. I think the new future of profitable products will be bitcoin based.

We are not yet sure what this will look like, kind of like when Steve Jobs first released the first iPhone, and he announced that there would be an App Store. Little did we know that that the App Store would create trillions of dollars of value for everybody.

Imagine a bitcoin App Store?

Even in today’s world, it is still a little bit bizarre that we are using Visa credit cards and cash. Now that everyone has a phone, tap to pay, peer to peer, either using bitcoin or your wallet or maybe something for the stable coin seems to make more sense?

Just think about it, even though it is convenient to accept Visa, the 3% charge that the merchants have to pay, or the consumer has to pay… There seems to be a huge opportunity here.

Also, it seems the whole time, everybody has been living very fat. Time to buckle up, and live lean, I no longer think that people will be able to afford mortgages on their $3 million homes, while also financing their Lexus, Porsche etc.

Why all the models are broken

Donald Trump seems to have been the ultimate black Swan. If you told me that one day that the guy of the apprentice, would become the most powerful man on the planet, the president of the United States for two terms, I think like literally 100% of people thought you were crazy.

Also this tariff war, surprisingly it was actually not out of nowhere. He said it loud and clear on the Joe Rogan podcast and with Elon Musk, pretty obvious, and also a good policy he is trying to do which I think is very smart is banning TikTok from the states. It is simple reciprocity;

Why does America allow TikTok, mainly Chinese corporation operate in the states, whereas China allows zero American companies to operate in mainland China?

Saving up for your retirement was essentially betting that the magnificent seven would go on forever

Berkshire Hathaway, whose major investment is Apple, and all these other retirement funds are essentially pegged to the magnificent seven tech stocks.

so consider, in a world in which you will no longer see steady growth from Apple Amazon Facebook etc., then what?

Bitcoin is the answer

I think it’s pretty obvious, it’s like the Internet 3.0. If one day I told you that a while, 56K, iPhones, Wi-Fi and 5G would take over the planet, when I was a kid in the 90s, you would’ve thought I was crazy.

Sometimes not taking a risk is the most risky option of it all

If life were a corny movie, kind of true. Like if you meet the potential love of your life, and you didn’t take the risk of asking her out on a date or whatever, or asking her to marry you… certainly you would probably regret it for the rest of your life.

Who will thrive in today’s brave new world?

I have a prediction. Moving forward, we will never ever ever see stability again. It will continue to become more chaotic, more hyper, more volatile.

Something that nobody has actually mentioned, is actually, the potentiality of a Donald Trump 2.0, somebody who is actually more volatile and unpredictable than him? 

Eric Trump?

Hilarious he shares my first name! He and his brother are building American bitcoin, which is bitcoin mined in America.

Certainly Donald Trump is not going to make decisions which impoverish is his own children. So isn’t it super super obvious that bitcoin is the future and the way?

New economic models?

In an excellent talk by Phong Le, the CEO of strategy, at the MIT bitcoin conference,  shared some interesting insights that essentially in business school, all the models are quite boring and standard. Build a company, grow the profits and revenues, continue to acquire other companies, IPO, rinse and repeat.

Or, you become a consultant or a banker, a money manager.

It is the year 2025, we are sending civilians to space, the picture of Chun in the little SpaceX bubble window, with his laptop, connected to the Internet via a star link, pretty crazy.

“Are we the first generation of digital nomads in space?” – Chun

So why are we still like living in the 19th or 20th or 21st century? We gotta think the 22nd century and beyond.

Baby boomers are dead

Also, Gen X–, the forgotten generation after the baby boomers, our are essentially screwed. 

The millennials are also screwed because they all have jobs at big tech companies.

Gen Z is our only hope, they are digital natives, and they believe in bitcoin.

Live for today day by day

Carpe diem!

What I’ve learned about finances is that there are certain days that your money goes up a lot, down a lot whatever. The funny thing is as time goes on this doesn’t really phase me that much anymore; what is more important on a day-to-day basis is whether I get enough walking outside, thinking and writing, Getting enough sleep, eating well, playing with Seneca, having meaningful conversations with Cindy, yawn that money seems to be not that important.

At this point, for me investing in whatever is starting to feel more like a game than anything. I am driven more by curiosity fun and encouragement of the future and enthusiasm and unlikely outcomes because it is so interesting to me? Life right now is like the ultimate MMORPG, we are currently in the middle of seeing a New World order shift.

Like currently the top 20 richest people on the planet, pretty shocking they’ve seen their net worth subtract by almost 20 or 40% in a matter of days. Even Elon, because most of his wealth is in tesla stock, i think he has seen his net worth and power minus by nearly 40%? 

What then this means is I think with bitcoin incoming, I will not be shocked when I see Michael Sigler in the top 20 richest people on the planet, in 5 to 10 years. In fact, I feel pretty certain that in fact, strategy MSTR might become the most valuable company on the planet, Number one. Dethroning Apple.

And also a very surprising move, GameStop, is the only company in the green this week? And they are pivoting to also accumulating and acquiring bitcoin?

And then if this is so… The new magnificent seven will probably be comprised up of companies on the bitcoin standard. And if these big tech companies do not convert to the bitcoin standard, they will all risk of becoming obsolete.

Bitcoin ,,, antifragile.

Why?

Volatility is a sign that it is working

I think the hard thing to understand is that bitcoin is actually working insanely well… Extreme price swings are a feature not a bug.

For example, you could sell it on a Saturday night, with a Cuban missile crisis, not possible with US stocks.

This is becoming more and more apparent especially now that I am currently in Asia, dealing with time zone differences is becoming clear. 

Infinite durability?

…–> there is no second best after MSTR?

Am I seeking yield or savings right now

.

Becoming less sensitive is the premise of all of stoicism

How to become a stoic investor

Wow, life in Cambodia Phnom Penh is so good… Too good! 

---

Serviced apartments

So we just signed a three month lease, for a nice service department. This is kind of an interesting concept… In which you’re staying at a super nice floor to ceiling window apartment condominium, and twice a week, cleaners come in and clean your whole place?

Thinking about life in Los Angeles… I’m like a peon having to vacuum my own place every day… Take out the trash, clean the windows etc. Here, life leverage is like a trillion times better.

First, I’ve just recovered so much free time in the day! And also,  found a really wonderful international school year for Seneca, this play based, color based artistic free range “Waldorf school” (without the anti-VAXxers), and now… Life feels infinite?

Labor

The big thing about being in Cambodia… Labor is so plentiful and cheap. Typically in the states, we find most of our labor from like Central America, Mexico El Salvador Guatemala etc. Yet the problem is they’re still being paid like $20 an hour, which means Labor is still so expensive in America! Triste to Cambodia, in which a laborer just makes like $150 a month, your US dollars goes a lot further here.

Thinking global

So our current apartment is probably like 1000 times better than our apartment back in the states, in which we pay $3200 a month here it’s like $1500 a month. But like at least 100 times nicer.

Therefore think about the economic parity here;  paying half the cost, for 10,000 times more service and superior facilities and lifestyle?

is there anything I miss about the states?

Certainly living in America, you have the ultimate access to commercial goods and products. However beside this… Nothing I really miss about this dates. I kind of miss my Texas power squad bar at home, and my 50 kg steel plates, but besides this… Nothing I miss.

Like like 1 trillion times better; and even ironically comparing Phnom Penh to LA — PP is like 1000x better? In terms of walking around, the friendliness of people, and everyone here is just happy!

My theory is that Buddhist countries, Cambodia Thailand etc.… People are just much happier! Much kinder, more friendly, more positive and optimistic!

Send call Sam made an interesting observation is that you don’t see many police officers in Cambodia, perhaps because there is less heavy theft and violence. Certainly there’s probably some crime that happened here like petty theft, but you won’t be worrying about some sort of random talking in LA with a concealed gun?

Safety

Also a funny thing… I feel like 1 billion times safer in Phnom Penh than Los Angeles. Once again here is again at the whole concealed gun thing; I have no issues getting into an argument with a random Angelino on the streets about him being an asshole smoker in public, but the only fear I ever get is that if I get into some sort of aggressive behavior with somebody on the streets in LA… Once again they’re gonna pop out a gun and pop me.

Living in a country without guns is better. 

Pace

Even during peak rush-hour here in Phnom Penh, it is shockingly peaceful quiet, very very little honking. You get a lot more honking in Vietnam in LA that you do here in Cambodia.

The country

One of the problems about being in Vietnam or other countries, China adjacent countries is that there’s some sort of fear that comes with social media Internet monitoring and censorship here in Cambodia I don’t feel none of that.

Also, the friendliness and kindliness of people. One of the weird things about being in LA and the state is that everyone is trying to size you up, people are very very suspicious in a bad way, and very antisocial? Here everybody smiles at you, greets you, does the hand together peace gesture and the subtle bow. People are far more respectful than even Koreans, and also genuinely kind.

is there any good reason to not live in Cambodia?

I don’t think so. A subtle nuance, I really don’t like Siem Reap, I prefer Phnom Penh 10000000x better. Why? Too many degenerate expats in Siem Reap, and also, my theory is that because PP is a real city, much more built in joy and optimism here!

Developing growth

So also a big thing… I think people tend to be happier when there is optimism, upward growth. For example here in Phnom Penh there are so many new skyscrapers and condominiums currently being built, which is a very optimistic site! The reason why it is so wonderful is that we are still in the earliest stages of capital and capitalism here, the downside of being in America that already feels tapped out.

Therefore as a principal: the idea is that, upwards growth is an idea? 

---

Towards what ends?

This is where I started to get interesting… Once you no longer really really need the wealth, but if it becomes more of like kind of a philosophical thing or a principle, then what?

For example, a happy thought… I could live like 1000 years in Cambodia and never run out of money without even digging into my principal. 

I think the poverty mindset that we get an America’s because once again… Everything is so expensive, everything then feels untenable?

The irony is even for the rich, life in America kind of sucks. For example, even for the super rich, most people do not have full-time nannies, or full-time living in with them?

I think if you’re wealthy, at best you might have like a cleaner who comes in pretty frequently and cleans up. But ideas of like having a private driver or stuff like that, a non-concept in America.

Thinking Asian 

Also what I like about here is that when it comes to labor, cheap labor, the standard worker, there is not a strange sense of indignation that you get from people in the states. For example that American mentality is that “this work is beneath me“, But here in Cambodia… None of that. Everyone is happy grateful, and far more joyful!

Even the sense of optimism and striving here, much more positive. Everyone certainly wants a better living condition, but it’s not in this angsty way that you feel like in America. 

So now what?

So now, assuming that you live in a happy optimistic place, then what?

For myself… Then it comes down to pioneering and experimenting with new modes of innovation. Autotelic innovation — creating new things and innovating for the sake of it? Rather than having to innovate in order to earn more money or whatever? 

ERIC

---

Things on my plate

1. Revamping arsbeta.com: perhaps with the assistance of ChatGPT, and Grok for the coding stuff?
2. Getting back into social media, specifically the blue check paid premium X — I very much like the ethics of a paid social media service, no hidden catches.
3. Building an X bot, in the voice of ERIC KIM

ChatGPT composition checker

One thing I encourage you to check out and experiment and play with is this ChatGPT bot I made, called “composition checker”. I’m pretty sure… It has like over 1000+ conversations so I think it’s assigned that having some sort of AI Chatbot that can help you get instant feedback on your photos how to improve, this is a good idea.

Also something that I’m kind of working right now towards is heat map searching and mapping for images. This will be a new arbeta.com function I’m going to try to add. 

Now what?

You got Grok, and ChatGPT pay… Infinite opportunities here?

ERIC

---

BLOG, START HERE

**

Choose audacity

The closing thought:

When in doubt, become more hard-core, audacious, reckless?

ERIC

---

Get (human) feedback on your photos

Upload your best photos to Arsbeta.com >

---

BOOKS

---

Not everything needs to last forever?

So a big thing; life is a femoral, you don’t live forever. Bitcoin will last forever but your own personal life will not.

As a consequence, realizing that your own personal life is fine night is typically a good idea. But also to invest your energies towards the future, future generations that will outlive you is a very noble idea.

your kids kids kids

So big thought I’ve been having at least in terms of building the family bitcoin treasury for future generations, I almost have like zero interest in presently using our family treasury towards myself, besides simple stuff like purchasing weightlifting equipment, weights etc. And also I guess the upside is  that the barbell and weights that I buy today, Seneca could use it as he becomes a teenager, and one day he might be able to even pass down these weights to his kids and their kids.

The opposite of selfish?

You only live for yourself and the only thing about yourself your own well-being, using your own money for yourself… Your own lifestyle, it’s very selfish. The tricky thing here is that selfish doesn’t mean evil, it often just means shortsighted. 

Also the big realization is that concern for your kids and your family is different than concern for this ambiguous “world”, the way you treat your own family should be very very different than the way you conceive of random other families or kids.

So for example, thinking about money inheritance and capital, a very very simple precept that I might be able to give to Seneca:

Never sell the family bitcoin 

If we think of bitcoin as the new perfect digital capital, it is like saying that you own a hotel or prime real estate on fifth Avenue in Manhattan, on the main island in New York City, to sell a portion of that to purchase some silly thing.

The wisdom of every single wealthy family on the planet is simple: you never sell the property, but rather, you use it to leverage and lever up, and what you actually do is your leverage your capital – like taking a mortgage or loan or using your property bitcoin or real estate as collateral, in order to continue to grow the family fortune. 

The fear of every bodybuilder 

So let me use a fun analogy, weightlifting and bodybuilders, or even powerlifters. The fear of every single person is losing muscle mass, losing weight, for also… Losing their one rep maximum lift.

Another one which also ties in finances — the fear of plateaus. 

For example, let us say that you accumulated and acquired a certain amount of bitcoin. This is great and wonderful, but once you hit a plateau in which you are no longer able to accumulate or acquire morbid, this becomes extremely annoying. And therefore, we will use our ingenuity in our creativity to devise of new ways in order to accumulate and acquire more bitcoin.

The same thing goes with money managers finances, investors… The goal should be towards infinity, rather than having a certain hard set amount. This is the genesis and the origin of human desire and capital. 

For example, the way that a lot of weightlifters are very shortsighted is that they have a certain number in mind, and then they strive with all of their might power and soul toward this lofty ball… But once they hit it, they then become complacent, and stop being creative.

I’ll get the example, my very very strong desire was to atlas lift 1000 pounds, but once I achieve that goal, I kind of lost a desire. And this is not a good thing. After fumbling around, tinkering, identifies of a new way I could lift even greater weight, with less strain, and with greater leverage, this genius idea of being able to use a weightlifting dip belt, to wrap it around the center of a barbell, to essentially transform the rack pull into a glorified hip lift,  and the thing which is quite amazing is that it is actually very very easy to lift weights when you have it around your hips. The only reason I don’t think more people do this is that a weightlifting hip belt machine is not available at most gyms, and is not mainstream. I know there is a Titan fitness machine for weightlifting with your hip belt, but I also think the problem is that because there are no weightlifting competitions in which you use a hip lifting belt, it is not standardize like a bench press a dead lift or a squat.

Don’t have a number in mind

The proper answer to what your number is, should be “more“.

One thing I like about considering the whole bitcoin economy, the whole world economy is that wealth in capital is infinite. Currently, you consider all of the world’s capital being around $900 trillion, and thinking half of it is for a long-term store of value, 450, trillion, Those are big numbers.

Even if you think about the whole world economy… Being $900 trillion, and even having the ambition of owning one percent of it, this is a good goal.

How and why do we think so small?

I think the first big thing is that we must think global. The biggest problem that I think we face is that we think too insular.

For example, if you live in the states, Los Angeles America California or whatever… Realize that you actually live in a tiny bubble. Even though LA California is huge, still… If you think about it globally, you are just another insignificant dot on the world map.

Let me give you an example… I’m currently voice dictating these lines on my iPad Pro as I walk through the beautiful streets of Phnom Penh Cambodia.  once you make it to Asia Southeast Asia and beyond you will realize how much life sucks in America. Even for the rich.

For example we’re currently doing a short term stay at a lovely serviced luxury apartment here, only about $1400 a month, for light peak luxury. The largest floor to ceiling windows of all time, the best in front of staff, everything insanely brand new and wonderful.

And then I think about being back in America and LA… It is insane you’re buying these like $2 million homes which are built in the 1920s or the 1950s? Why would you spend so much money on decaying capital? 

Certainly there are many upsides of living in America, I think the biggest one is access to capital markets, access to the US stock exchange. For example one difficulty that I am having being here in Asia time is having to either stay up late or wake up at like 1 AM or 2 AM to execute certain orders on the stock exchange, in regards to MSTR stock, or more recently taking a leveraged margin option of purchasing MSTU, which is essentially an ETF which is designed to be 2X levered long MSTR, microstrategy (Strategy) stock.  And after having to wake up super super early in the middle of the night, having to stare at a shiny iPad Pro screen in the middle of the night, disturbing my sleep, feeling like crap the next day, even a funny thought:

All the money in the world is not worth losing a good nights sleep? 

Therefore I think a general idea is that it is better to be more greedy with your energy sleep and time and energy rather than being greedy for money? Because energy sleep and great physical health is worth 1 billion times more than all the money in the world. 

For example, you cannot like inject $1 million into your left butt cheek, hoping that it will give you a good night sleep. No, often the worries about finances will keep you up later tonight, ruin your sleep, and ruin your health.

Even look at Elon Musk, the economic goat, if you just give him a good look and a good stare, in his zoom calls and interviews or whatever… He looks like the worst health of his life. And Elon is notorious for having poor health because he thinks too much like a nerd, I don’t think he really understands the criticality of health. 

And also, I think everyone has his own mission critical mission for their lives. Elon’s goal is to take us to Mars and beyond, this is not my goal is it your goal therefore the way we conduct our lives should be different.

For me my primary concern is the thriving of Seneca, and also, thinking about his kids kids kids. Also for the health of my mom and Cindy, my whole immediate family.

What should I not be concerned about? 

I called this ERIC KIM‘s razor, — to ruthlessly prune away all distractions.

Let me give you an example, I have made like 100,000 times more money by just investing in bitcoin, MSTR stock, and just staying focused, rather than wasting time on text messages, email, or social media.

And I think this is a big thought: in the last like 15 years, there has practically been no financially lucrative opportunities that have ever magically come to me through my email inbox. Therefore ironically enough… I think the secret of becoming richer and wealth you’re making more money is via negativa; not using your email inbox?  

Only news now I consume is Twitter X, anything related to bitcoin. This includes following at @saylor, BTC archive, documenting bitcoin ,,, is where I get like 99.9% of my signal. The rest comes from my morning walks, Zen out, letting my mind go follow, thinking by myself for myself on myself.

a non-material existence

The thing which is always so shocking to me is the second that I settle into life when I am in Asia, I become like 1 trillion times more zen. For example, no more silly cravings for silly vehicles, possessions and stuff, no more desires for Amazon prime or online shopping or purchasing stuff. Rather, a greater focus towards thinking, pursuing creative capital, empowering ideas and thoughts? 

---

Why don’t you own Bitcoin?

The worlds first digital commodity 

We’re going to own it, not sell it ,,, get as much of it as we can!

.

Progressive or *regressive*?

Nuclear weapons, ships, airplanes 

Overcome your fears 

How to conquer your fears or bitcoin 

.

Take everyone along 

.

One jolt?

Go far, go together … go fast go alone 

.

We don’t have enough –> obvious!

$450T long term capital in the world ,,, 20th century bonds & equity & 20th century art and collectibles 

A $450T opportunity?

$200T, beyond ,,, 2000T$ Bitcoin network?

.

Enrich you 

Capital from the 20th century , warehouse in New Jersey … 20 years, just sell it and buy bitcoin 

.

Trillions of dollars in value. 

Buy , allow passage of time to enrich you 

Don’t buy, $80T and owned or controlled the network?

Manifest destiny, Thomas Jefferson –> buy Louisiana . Didn’t have the money 

Keep going west 

Texas, California …

.

“Responsible for not taking risk”

.

“The normie”

It will live in cyberspace 

Million times a second more efficiency 

.

80% of USA, for $40M  

You don’t want your worst 

5M bitcoin, 25% of the network 

.

The most profound opportunity of the century 

Money there for the taking! ***

America was a youthful country, youthful family –> there for the taking! 

Sovereign money 

.

I’m sensitive to the cold 

.

The most powerful idea in the world!

.

Triumph of natural law > Artificial law ***

Natural — what is natural will and shall happen 

Artificial law 

.

Inject virtue & natural law, respect for property rights, freedom and balance into the US government 

Made more virtuous, healthier, more rational ***

.

Banks would be more rational, ethical, secure, better actors 

Digital assets strategy 

.

The digital token, utility. 

.

100x demand 

Big winners, US dollar & issuers 

.

Export trillions of dollars of our securities to the world 

Currency, security, token, commodities –> $100T value created through innovation 

.

400,000 companies can raise capital –> create token!

.

ERIC TOKEN –> 

STREETTOGS token?

–> composition checker token?

Token for your time,,, life as an arcade?

.

Millions of millions of tokens circulating 

Digital Assets Framework written into law 

.

Cambrian explosion 

All the entrepreneurs and capital comes to the US

.

Every single day, learning something new about Bitcoin!

Never will complete understand it ,,, mysteries of the future 

.

UPSIZING

STRATEGY IS WINNING

.

Make your money work for you –> path to wealth 

Path to value creation 

Make your balance sheet work for you 

–> think of myself as a company?

.

60x growth, balance sheet in 5 years –> .7B to $42B in Bitcoin 

.

Come up with some creative ideas!

.

Follow your gut 

.

$300T in fixed income market, I want 1% of it –> $3T

FOCUS.

.

Cheap goods from China are not the American dream

“Let them eat flatscreens” is not the dream!

Let them eat iPhones is not the American dream!

.

Outside the self help bubble 

.

What do we *really* need?

Growth rate -> ability to raise capital 

.

$6B of capital 

.

$4B in capital, $18B in capital, $5.2B of capital raise 

$300T , fixed income … $200B of capital raise easy 

Keep growing 20% a year!

Growth rate –> Bitcoin growth rate, 60%, 95% each year by levering ,,, 

$50B company, raising 30% a year 

We aren’t going to stop! 

Least risky –> sell $10B or more of fixed income preferred … convertible bond market , de-lever with equity 

Go as fast as the capital markets allow us!

.

Open and close on a dime 

$15B of equity open, then close?

.

Open, then close … 

Proprietary  fixed income etf , STRF … strife 

.

Investment grade, 42x over collateralized