Big Bit Thoughts

  • 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?

  • New Bitcoin


    Long Bitcoin

    CRYPTO BY KIM

    Brave new world for photographers and crypto:


    1. BITCOIN IS GOD MONEY?
    2. The Bitcoin Risk Lever
    3. MSTR -> BTC
    4. Sell Ethereum, Buy Bitcoin!
    5. BUY IT ON DISCOUNT!
    6. BITCOIN IS THE INTERNET 2.0?
    7. ALL BITCOIN EVERYTHING
    8. Self-Custody
    9. HOLD OR CIRCULATE?
    10. BITCOIN OR BUST
    11. BITCOIN THOUGHTS
    12. Bitcoin is Sexy
    13. Fuck the Banks!
    14. Ethereum?
    15. Why Chainlink?
    16. BIG AMOUNTS, SMALL AMOUNTS?
    17. CRYPTO, CRYPTOCURRENCY THOUGHTS.
    18. The Philosophy of Crypto
    19. BITCOIN SHALL BE THE LAST CRYPTO STANDING.
    20. Bitcoin Price Prediction
    21. Trust chainlink for the most accurate prices for bitcoin or any other crypto
    22. BITCOIN
    23. There is No Web 3.0
    24. 2 cents to 2 dollars?
    25. Crypto.com?
    26. Speculation vs Investing
    27. Building with Bitcoin
    28. DYNAMICS VS STATICS.
    29. How Do You Know if the Timing Is Right?
    30. BITCOIN IN THE NEWS
    31. BITCOIN & UNCERTAINTY
    32. Fake Money
    33. Why I Bought More Bitcoin (Again)
    34. How I Made Money with Crypto
    35. Better to buy Dogecoin then buy a Tesla
    36. NO LIMITS.
    37. ALL DIGITAL FUTURE.
    38. Digital over Physical Possessions
    39. DIGIBYTE.
    40. CHAINLINK.
    41. The Excitement of Starting from Zero
    42. HAPTIC INDUSTRIES NOW ACCEPTING CRYPTO AND BITCOIN
    43. In Praise of Crypto
    44. JUST BUY IT.
    45. Why I’m So Bullish on Bitcoin
    46. Bitcoin as the Simplest Cryptocurrency
    47. Why I bought (more) bitcoin
    48. Once You Become a Crypto Billionaire, Then What?
    49. Why Crypto is Under-Hyped
    50. The Joy of Speculation
    51. BITCOIN AND CRYPTOCURRENCY FOR PHOTOGRAPHERS
    52. Why I Bought Bitcoin
    53. Crypto Photography
    54. Crypto Thoughts
    55. On Making Money from Nothing
    56. BITCOIN THOUGHTS
    57. Bitcoin is Sexy
    58. Fuck the Banks!
    59. Ethereum?
    60. Why Chainlink?
    61. BIG AMOUNTS, SMALL AMOUNTS?
    62. CRYPTO, CRYPTOCURRENCY THOUGHTS.
    63. The Philosophy of Crypto
    64. BITCOIN SHALL BE THE LAST CRYPTO STANDING.
    65. Bitcoin Price Prediction
    66. Trust chainlink for the most accurate prices for bitcoin or any other crypto
    67. BITCOIN
    68. There is No Web 3.0
    69. 2 cents to 2 dollars?
    70. Crypto.com?
    71. Speculation vs Investing
    72. Building with Bitcoin
    73. DYNAMICS VS STATICS.
    74. How Do You Know if the Timing Is Right?
    75. BITCOIN IN THE NEWS
    76. BITCOIN & UNCERTAINTY
    77. Fake Money
    78. Why I Bought More Bitcoin (Again)
    79. How I Made Money with Crypto
    80. Better to buy Dogecoin then buy a Tesla
    81. NO LIMITS.
    82. ALL DIGITAL FUTURE.
    83. Digital over Physical Possessions
    84. DIGIBYTE.
    85. CHAINLINK.
    86. The Excitement of Starting from Zero
    87. HAPTIC INDUSTRIES NOW ACCEPTING CRYPTO AND BITCOIN
    88. In Praise of Crypto
    89. JUST BUY IT.
    90. Why I’m So Bullish on Bitcoin
    91. Bitcoin as the Simplest Cryptocurrency
    92. Why I bought (more) bitcoin
    93. Once You Become a Crypto Billionaire, Then What?
    94. Why Crypto is Under-Hyped
    95. The Joy of Speculation
    96. BITCOIN AND CRYPTOCURRENCY FOR PHOTOGRAPHERS
    97. Why I Bought Bitcoin
    98. Crypto Photography
    99. Crypto Thoughts
    100. On Making Money from Nothing
  • Introduction to Bitcoin Transcript

    Eric Kim bitcoin icon

    Super pumped to share with you, my first full length lecture on an introduction to bitcoin, the bitcoin Revolution, and also this edited transcript that I provided for you!

    1. Full video zoom recording Dropbox link
    2. PDF SLIDES
    3. AUDIO FULL
    4. PDF version of new transcript for talk

    The Bitcoin Revolution (WILL) Be Televised!

    So the Bitcoin revolution, the revolution will be televised. So, starting off.

    First, what is Bitcoin? Why does it matter?

    So I think the 1st important critical thing is trying to consider and think you know what is Bitcoin we’ve all heard about in the news we heard about Bitcoin as being a Ponzi scheme, a pyramid scheme. And honestly, my mom has gone through her fair share of Ponzi schemes like she she got suckered by the whole Amway scam.

    I think the reason why Bitcoin is so important and critical is, Bitcoin is like the early days of the Internet. So if you go into a time machine and you could tell somebody in the past, okay, you know, in the days before email existed. Right? So okay, once one day, you know, everyone’s gonna have a supercomputer in their pocket. They’re using it to check all their bank statements. You’re going to be able to use your camera on your phone to scan your you know your checks, your bank account balances. You can use this to send money and messages and videos to everyone on the planet. Instantly everyone would have thought you were crazy.
    and I think one of the biggest misconceptions about Bitcoin.

    So a constructive way of thinking about bitcoin is trying to figure out what bitcoin is not.

    My personal opinion is, I do not think that Bitcoin is actually cryptocurrency. I think currency is the Us. Dollar, and I think one of the biggest problems about the whole field of crypto and cryptocurrency is everyone is like a crypto anarchist, which means that they want to see the Us. Government and all the governments on the planet fail, and they can essentially live in peace and silent without interference from the Government.

    Yet, you know, obviously, at the end of the day, it’s nice to have public streets. It’s nice to not get robbed in the streets. And actually, I think one of the biggest misconceptions about Bitcoin is. People think that Bitcoin is trying to replace the Us. Dollar.

    But my personal thought is, Bitcoin is going to be a supplement to the Us. Dollar.

    Essentially, I thought this a long time ago that essentially Bitcoin is digital gold to hedge against inflation, which means, as our money, our Us. Dollars, or our euros, or our local currencies become devalued.

    The upside is, our Bitcoin will become more valuable. I think the best analogy that I got was from chairman of microstrategy mstr Michael saylor, essentially thinking that Bitcoin is is not digital currency, but digital
    real estate.

    So I think this analogy is better, because nobody’s on their zillow, you know, 20 times a day, checking their home prices right? And this is my mad Max Post Apocalyptic perspective. So imagine the future where there’s, you know, essentially
    there’s this like nuclear fallout. And you know.
    there’s no inhabitable places anywhere. And let us say, there’s only 21 million single family homes left on the planet for anybody to live. Obviously, sooner or later, you know, people are going to want somewhere to live. And so I think the best analogy, I think, is Bitcoin as digital real estate, which means that with digital real estate.

    Monetizing Bitcoin?

    You know, a lot of people are like– I want to quickly make money off of Bitcoin. But how do I make money off of it? It’s kind of like the early days of real estate. So if you bought Manhattan in the 1600s, you know, how do you monetize it? And I still think that we’re in the very, very early days of bitcoin and institutional adoption, which means you’re going to start to see New Bitcoin products come out. So some simple thoughts. So we’ve all heard stories of Scumbag San Francisco based scumbag landlords, you know, charging an arm and a leg for their tenants, and we all hate the landlords, I think with Bitcoin we’ll become the new digital landlords, which means effectively, we will in the future be able to like rent out our Bitcoin. And you know, let’s say we have one bitcoin right, and it’s and then I think that the personal math I like to do in my head is thinking that one Bitcoin is equivalent to one single family home. So I currently live in Los Angeles, in Culver City. It’s kind of insane. A single family home. I’ve even seen some in my neighborhood for 4.4 million dollars. The average Median household single family home is around 1.7 million dollars.

    So in my personal mind, where I think Bitcoin is a trillion times more valuable than physical real estate land, because you could always make more of it. It’s not a real scarcity.

    A single family home, and the price of a Bitcoin should be pegged to another.

    So in my mind I still think of a Bitcoin at least 1.1
    1.7 2.1, maybe even 4.4 million dollars a coin. And I think this is a very very fascinating idea, because also, you know, people say, Oh, but Bitcoin is not real. Money is yeah, but like our dead, shiny rocks. Aka. Gold money either, or is fiat currency, you know pieces of paper. You cannot eat pieces of paper to to live. And I think one of the most interesting things I learned about the philosophy of money is that essentially all money is just existing in the minds and souls of men, the value for men, is all essentially subjective.

    Money is not “real”, but subjective.

    Now, what makes Bitcoin so fascinating to me is that it’s the 1st time in human existence, you had a hard cap supply of money.

    So, for example, people often talk about gold, right? So the issue with gold is at the time it was the least bad form of money, because it was very, very scarce. It was difficult to find. It’s difficult to mine and transport. Yet there was lots of good properties of gold. It’s, you know, essentially it kind of lasts forever. Aesthetically, it looks beautiful, the nice yellow color of gold mimics that of the sun, and you know, at least back in the day, let’s say you had gold coins it could easily fit in your front pocket whatevers.

    But now things become a lot more difficult because we’re living in the 21st century, the 22nd century you know, we would have flying car drone robo taxi, self driving car waymos. It’s like, Why are we still using an antiquated digital framework of modern day banking swift code accounts?

    I hate the banks

    If you’ve ever tried to send money, you know, from the Netherlands to South Korea, to Nigeria, to Lagos whatever you find that the the whole SWIFT system is kind of like a bunch of gangster mafiosas like even my mom is currently living in South Korea.

    Example if I want to just send my mom a small sum of money, it is insane,  it takes like three or four days, and the wire transfer fees like 55 bucks, I hate this. This should be done instantly. Therefore the thought of bitcoin, being able to quickly and effectively and securely transfer value across time and space without a trusted intermediary is a big big deal, a big big revolution.

    Peer to Peer Capital

    So why does Bitcoin matter? It’s kind of like asking somebody why does clean water matter so one of the things I love about Michael Saylor, and I highly recommend watching all of his videos. @wsaylor. It’s essentially Twitter or X or michael.com.

    He uses this analogy of sewer water. So let us say, every all 8 billion people on the planet are all drinking sewer water, and people are dying of dysentery, and people are saying, I don’t get it, you know I exercise, you know. I
    you know I eat healthy exercise every day, but I’m still dying of dysentery. My kids are dying of dysentery, and so the whole issue is that if you’re drinking sewer water, no matter how healthy your lifestyle is, how virtuous you is. It don’t matter. You’re going to be, you know, dying of dysentery, or perpetually sick.

    And so, if we think about these physiological terms, and apply it to Bitcoin and money and digital capital. This becomes really fascinating because my personal thought and you know, also, I grew up in a family of poverty, poverty, meaning that I thought I was going to be homeless at least 2 or 3 times. My dad was perpetually addicted to gambling with the rent money.

    So what a lot of people don’t understand about growing up in poverty, and prosody is that the logical strategy that you never know when your dad is going to steal your money and gamble it away, and therefore the smart strategy is actually to spend it all right now! Because you never know when he’s going to look in your piggy bank, your personal checking account that your mom put away for your college, or even take your hard earned $3000 as a 15-year-old bus boy at your mom sushi restaurant, lying that you’re going to invest in some business, leaving to LA for about a month, gambling it away, and coming back empty.

    When I think about it, this is actually super sad. Once again when I was like super super young like two years old, my mom tried to make me a savings account, like one of those checking or savings investing accounts for kids, and she might’ve had a nominal amount of money in it, like 200 or 250 bucks or something. And she told me the sad news is that one day when she checked up on it she discovered that the money was gone. Essentially my dad even stole away that $250 from my child savings account for college, once again feed his gambling addiction.

    The logic 

    So once again, as a kid growing up, I never had this ethos or tactic of saving. Because we literally cannot come every dime that my mom made was fun into paying for groceries and rent.

    Therefore I like a 15-year-old kid, my thought was I’m going to take every single penny, I can immediately go out buying some new sneakers, you know, buy some cool clothes, and I literally had $0 in my bank account.

    Don’t blame poor people

    So I think the pernicious, vicious cycle of inflation is.

    You cannot blame people for not saving up capital for their future if the money itself is deflating at such a rapid pace, and so I personally think that you know Bitcoin is like giving every single person on the planet like unlimited free Fiji water, or the best alkaline hipster water whatever water you want. Essentially giving people clean water. And
    a lot of people say, Yeah, but Bitcoin is not real money. It’s a okay. So I think this is a big this is a big shift for me also, personally.

    My personal thought is, Bitcoin is actually more important than money.

    Capital > Money

    So we should not think about money. We should think about capital. I think capital is a lot more robust and strong as a concept. So, for example, capital comes from Cap CAP. Like upon your head. K-ap. Essentially it came from the head of oxen. So if you read the Iliad, the Odyssey essentially, every time you want to appease the gods, you have to sacrifice a hectacomb, Hecta means 100 a hundred head of oxen to appease the gods.

    And you know, obviously, that’s very expensive, like, can you imagine, if you know you sacrificed a hundred Lamborghinis to appease the gods, it would be quite expensive endeavor. Right?

    And so, capital. We all live under Capitalism — it doesn’t matter if you’re living in Europe, Africa, Asia, America, China, and also one thing that people don’t understand is, I think, what a lot of these people, maybe 4 or 5 years ago, China is going to take over. China’s not going to take over. China is dependent on America, and effectively, the Chinese Yuan the CNY is essentially effectively pegged to the Us. Dollar and the Us. The US is essentially the world. Reserve currency and capital is what we seek, not money.

    Currency?

    Talking about currency, so currency is like, you know, buying a Starbucks Frappuccino, or buying a in and out Burger. Right? That’s like money currency, right?

    Capital is essentially long storm, long term, store of value. So it’s building generational wealth.

    So one of my favorite songs from Kanye West is the off the grid songs that we off the grid grid grid this for my kid, kids, for when my kids, kids have kids.

    And I think this is also the big thing is a lot of millennials, nowadays, I think the disincentive to have kids is because there’s so much fear mongering about the the future is gonna become uninhabitable, you know boil the seas or whatever. So there’s not going to be a future. So essentially, there’s a strong sense of pessimism.

    But Bitcoin, to me is like solidified optimism, which means that the future is going to be glorious and great. And you know, even having Seneca right now, think about his future kids, kids, kids, or my future kids, kids, kids.
    It brings me so much joy. Because the simple strategy, you just keep stacking Bitcoin until you die, and then you hand it on to your kids. Your kids give it to their kids kids. It’s like, if you owned, you know, a hundred penthouses or 10 square blocks or 20 square blocks in Manhattan, on the main island. Do you ever sell that to buy a Lamborghini? No! That’s not what one does, or liquefy it all into us dollars and brag about how many billions of dollars you have in your bank account.

    Nope, that’s not the goal– you want to build capital. And traditionally it’s been real estate. But once again, real estate was a good idea. In the 16 hundreds, 17 hundreds, 18 hundreds, 19 hundreds, or 2000s. But then the subprime mortgage meltdown proved that, you know maybe it’s not always the best idea.

    Real estate can go down.

    Only one reason

    And I think the hard thing is, people say, Yeah, but you know, real estate, you know, essentially, everyone needs somewhere to live, and it’s historically, the value of real estate is always going to go up forever. Now people say that the tricky thing is the pace of monetary inflation is around 15%. The best thing is to either chat Gpt or Google The M2 Money Supply. And essentially what you will find is
    that the money supply is essentially a metric in which the Us. Government, or any other government on the planet, includes the euro and stuff. They keep printing more currency. And the reason why then this becomes an issue is that if you have more currency in the system that means the individual value of each unit is going to go down.

    The shake shack effect

    I call this the shake Shack Burger incident. So me and Seneca we used to always buy a single burger, patty, for $1.49, $1.50 … and one day we come and they say no it is $2.50, a party.

    Why this makes no sense is like, yeah, we just increased the minimum wage to $20 an hour from $15 an hour. $20 an hour for fast food, and the hard thing is with minimum wage. You cannot rewind the the hands of time. If you suddenly said that the minimum wage is only $17 an hour, there will be riots. The streets would not be not be good.

    Bitcoin is digital photography

    So we’re all photographers, you know, street photographers, whatever. And the hard thing with digital is in our minds, digital is infinite and free. So, for example, I could take a copy of Mozart’s 5th Symphony, or whatever, as an mp3, file, and I could copy and distribute it a trillion times with 0 marginal cost right?

    So this is where the notion of cyber becomes more interesting. And I’ll think about like, you know, cyber punk thinking about cyber truck.

    It’s essentially once again, mathematically, cryptographically, that the hard science and the hard math is there can never be more than 21 million coins
    in existence come up forever. Even if you took all the quantum ultra computers on the planet, times it by 20, you still could not produce more bitcoins. It’s just how it works right?

    The immortal gold cyber oxen

    One Bitcoin is like one cyber-ox, and it’s immortable, immortal, indestructible. It’ll give you life forever. And there’s only gonna be 21 million of them in the future. And now and so this is your chance to get one for an extreme discount.

    Buying a single-family home in Los Angeles for only $100,000 

    Let’s even say let’s say you want to buy a single family home. Let’s say it costs a million euros or whatever. Right? So if I could tell you today that you could buy a single family home for only $100,000 or €100,000 you’d be like, wow, that’s that’s the deal of a century. That’s you’re still getting a 90% discount.

    And my personal thought is Bitcoin is far more valuable than real estate, because in the next 20-30 years, when essentially all the all the baby boomers, The Gen. Xers die off, and it’s the millennials and Gen. Z’s. And, alphas!

    What do we care for?

    When we millennials take over, what’s interesting is that we don’t really care about physical real estate anymore. We will care about digital cyber real estate which is bitcoin. 

    So my personal story, how did I get into Bitcoin? So it might seem a little bit random. It’s like, Okay, ERIC, you’re super famous for photography, street photography like, how do you get to Bitcoin like? It’s like, so random, right? But actually, it’s not very random at all, because, you know, if you’ve been following me carefully, you know the whole time, I’ve always been talking about living minimalistically, frugally, Spartan lifestyle, whatever’s. And you know now that you know I’m pretty stacked with a bitcoin and microstrategy stock mstr.

    Funny enough, I’ve personally found that my lifestyle habits haven’t changed much after getting super rich, I mean, I’m a little bit more generous, maybe, like, you know, took out a friend last night to all you eat Korean barbecue
    paid for her bill didn’t really even flinch.

    Even a random aside, my best friend and my best man Justin, told me this when we were like in our early 20s, when we finally got good paying jobs whatever, is that the greatest joy is being able to eat out and not really feel the pain associated with having to eat out because we both grew up poor. 

    I still remember even when I was undergraduate at UCLA, after our KYRIE club meeting, we would all go out to eat, and then I would see all the other guys ordering these really expensive $15 Korean barbecue gogi plates, (this was in 2006, when you could still buy a foot-long sub sandwich for five bucks), and $1.99 tacos, and $1 tacos, and me trying to save money, would force myself not to eat even though I was hungry, and my friends would ask me if I was hungry and I would lie, and say I wasn’t, while my stomach was still grumbling. 

    Monetary, financial freedom is the goal

    So my personal thought with Bitcoin is, I personally wanted monetary freedom, and so long story short, so I’ll never forget this moment. So I’m born 1988. Went to UCLA as an undergrad — my roommate at the time, Kevin. It’s our junior he’s on Reddit, and I’ll never forget we’re in our studio apartment. I think I was distracted. I was doing something else. He was like Eric, you know. He’s on some subreddit, and he’s like.

    “Oh, Eric, this thing called Bitcoin, and there’s this one dude who just bought two domino’s pizzas for like 10,000 bitcoins. We should just get like a hundred bucks worth of bitcoin, and just see what happens.”

    I then responded “Eh, seems like a scam” and disregarded it. No this is one bitcoin was like less than a penny, so even if me and Kevin and my roommate Kevin, just bought a hundred bitcoins at the time for funsies, right? And I had a hundred bucks right? We would each be worth at least 1.2 billion dollars.

    If I had bought $100 worth of bitcoin at the time, once again we would each have about $1.2 billion in our checking accounts.

    Everything happens as it should have happened 

    Today, I’m like, man. This was like the worst mistake of my life, right? But everything has happened as it should have happened. You know. Maybe if I had become a billionaire I’d just become some degenerate, you know. Cocaine addict on some beach somewhere in in Hawaii, and then Seneca would never been born. I would have never done my photography, world travels, whatevers.

    Then my reintroduction to Bitcoin was kind of more recently when moving to LA. The cost of living is so expensive, and you know every I don’t know a single person who doesn’t want financial freedom. A long story short, I 1st heard about Bitcoin again, kind of earlier than when I was living in Vietnam around 2017, 2018, and at the time I didn’t really need Bitcoin, because our living expenses were so cheap. It was $320 bucks a month for a brand new studio apartment, fully furnished up, uplighting and the jazz right? And even at the time, passively, the income we’re making. Let’s say it’s a $1000- $2,000 a month. Let’s say it’s not even that much right, but like our whole total expenses, living expenses like maybe $600-700 a month, so I had the epiphany I’m like, I’m never going to run out of money. So already, at the age of 26 in my mind, I mentally retired right
    and just more for funsies.

    Buying bitcoin for $6,999 a Bitcoin

    I met this guy named Bing in Singapore. Heard about this thing called Digibyte. Dgb, I don’t even think they’re around anymore. But at the time I’m like, Okay, I want to buy some bitcoins, buy some digibyte. How do I do this? And at the time Coinbase seemed like the best option, because it was the simplest, most minimalist to me it looked like the paypal for for Bitcoin and cryptocurrency.

    For fun I bought about $25,000 worth of bitcoin, which, and Bitcoin was only about $7,000, $6,999 a bitcoin. So that was around 3.5 bitcoins. 

    I then traded some bitcoin for digibyte, and I kept some bitcoin in my Coinbase account. Then the next few years I essentially saw the waves and the crashes and the dogecoins and stuff like that.

    And essentially, I just kind of woke up to my guts and found out that Bitcoin was a real deal.

    Satoshi is the Bitcoin Jesus

    Some strange analogies is to me Bitcoin is almost like a new
    World economic religion, I mean, people who follow Bitcoin are like fanatic. They’re zealous about it. They follow Michael Saylor like he’s like you know the prophet. You know the next prophet of Bitcoin right?

    And it’s always good to invest in religions or to invest in cults like the cult of Tesla, Elon Musk apple, Steve Jobs. Whatevs, right?

    Why?

    Now obviously, I have financial independence now, and the only reason I’m teaching this workshop or sharing this information is, I almost feel like it’s my ethical imperative. Once again, if you could have discovered internet in the early days, or clean drinking water, I would feel that it would almost be a disservice if I did not share this information with others.

    Future value

    So everyone’s always about like, okay, so what is the Bitcoin gonna be worth? So there’s the open source model. Michael Saylor, I think, helped create it. It’s called the Bitcoin 21 model, I think. Right?

    So 21 years from now his base case is that Bitcoin is going to be $13 million a Bitcoin. Bear case, $3 million a Bitcoin. The bull case is $49 million a Bitcoin, and note, this was in 2024 in July before Trump was announced as President, and he is ultra super pro crypto and bitcoin and also worth following, is his son Eric Trump, ironically. His name is also Eric also the funny thing. There’s a bunch of Eric’s actually in the world of Bitcoin, Eric Kim Eric Semler, of semler scientific, this other Etf guy who works for Bloomberg. His name is Eric Balconus, or something like that.

    Follow Eric Trump

    Essentially, we have an all Republican trump, pro bitcoin pro crypto, President and cabinet, whatever right?

    More bullish

    What is really fascinating about Michael Saylor’s predictions for the future price of bitcoin is that when it was only $65,000 a bitcoin, and we were a bit uncertain about what the future of bitcoin and the president and the government would look like.

    The last four years, we were all fighting an uphill battle, because the former administration was adamantly anti-crypto and anti-bitcoin. Gary Gensler who seems like a smart guy, was for some reason really anti-bitcoin and crypto? 

    The next four years will be glorious!

    And so these were all written by Michael Saylor’s predictions before we had the most pro bitcoin
    government of all time. So all these numbers, I think, should be inflated. So my personal thought is, I think, for the next 4 years once Trump takes office, January 20, 2025. I think this will be the craziest, best Bitcoin Bull Run of all time the next 4 years. So currently, Bitcoin’s been going up around 60% to 62% arr annual rate of return. And I think once Trump takes office, and I’m pretty sure he’s gonna buy the 1 million Bitcoins, or whatever for the strategic American Reserve.

    And also I think Eric Trump, his son, is committed to having Bitcoin be at least a million in Bitcoin.

    120% Bitcoin ARR for the next 4 years

    So let’s see. So my personal prediction, right? So I think Bitcoin will grow by at least 120% arr over the next 4 years. So let’s say, Bitcoin is worth around $100,000 right now. So by next year, let’s say it’s $250,000 the year after that, let’s say it’s $750,000, let’s say the year after that it’s like $1.2 million. So I think we’re on track to hit a million a bitcoin in 4 years about 10x gain. So just do the math from then.

    The $1 million dollar cybertruck

    Currently as an account measure, I now equate one bitcoin being worth one cyber truck, assuming that a cyber truck is currently around $100,000.

    So the smart strategy is to take your hundred thousand dollars and invest it into bitcoin today, and you’ll see that becoming $1 million in four years. 

    What that means is sell your cyber truck for $100,000, buy bitcoin, otherwise you have just done spent $1 million on your cyber loser truck.

    Cyber warfare 

    Now, people are always asking, okay, this, you know, Bitcoin reserve strategy, you know, like, how is? And why is America going to buy the Bitcoins? Right? So we’re essentially out of physical land and real estate. Now we have to go to cyberspace right?

    And it seems kind of silly, like something out of a sci-fi film. But the truth is, they’re currently the war we’re having with China and Russia. It’s it’s not physical war per se. It’s actually cyber war. So cyber security is the big big money maker. Even cyber penetration testing. Right? I think Gmail is trying to get like all these malicious actors trying to attack the Gmail servers like a million times a minute. Something crazy, right?

    And if you look at the history of America, right? So, Manhattan, 1600s, the price of Manhattan. It was essentially stolen from the natives. Right? 60 guilders, right Louisiana purchase, you know, to fund Napoleon, California. Also kind of stolen from the the local Mexicans right? And also Alaska right. The the payoff was great, right, and so essentially the Bitcoin Act, the Cynthia Lummis Bill, she’s trying to get the States to buy at least a million bitcoins right? And you know even a Michael Saylor is much more aggressive. He’s like no America should at least purchase maybe 5 or 6 million bitcoins, which is 20 to 25% of the whole Bitcoin supply. And all America has to do is a free trade. They just need to sell their gold and then buy Bitcoin.

    The super evil genius plan 

    And in a recent interview that I was listening from Saylor.
    super fascinating, is like essentially what he said was the super evil genius strategy of America selling her gold reserves and buying Bitcoin is that if that’s the case,
    we demonetize our enemies.

    You know, gold capital reserves.

    So then suddenly, the the gold of the Russians, the Chinese, will go to 0, and then everyone’s going to rush into Bitcoin. And if America owns Bitcoin, it’s a good sign for the future.

    Why America is the GOAT

    And also another big thing I want to talk about. Why does America have the best economy on the planet?
    So we essentially gave birth to Apple Amazon, Facebook, the magnificent 7 stocks, Netflix. And you know, people talk about China. It’s like. Okay, I don’t know a single rich mainland Chinese oligarch who doesn’t want to send their kids to the States to Harvard or Yale or Princeton, you know, buy a nice house in Palo Alto, the Bay area, or even Vancouver.

    No rich mainland Chinese person actually wants to be in China, but because of capital controls, they’re kind of stuck. So once there’s going to be a mad rush to Bitcoin. That means that you, your family, your whole squad, is going to prosper now.

    Simple storage is best.

    My friend Dante had a question about storage. So I think the hard thing with storage is okay. So how do you say this?
    This is my personal philosophy. The reason I do not personally trust cold storage for myself or more of these self custody options is that I know that I am very forgetful, and my biggest fear is, let’s say, I forget my passcode, or whatever is right to the Bitcoins. And or let’s say, my kids, kids can forget it right? Then boom like, you’re gonna be out like a hundred 1 million dollars. Right? So that’s that’s not fun, right? And so personally, I think the easiest is to just, you know, store it on the cloud. So, using a trusted custodian, whether it be coinbase. I think fidelity has their own services now.

    And the you know honestly, it seems like Coinbase is probably the best option,,, coinbase.com, or you just download your iphone ipad. Whatever right is that you could also get a link with your biometric apple id data, whether it be face id or thumbprint. Whatevs right? So this way, it just feels much more secure.

    So for me, I would prefer an 80 to 85% optimal thing that is kind of dummy proof rather than take the 100% secure option which, because of user error, I might fail, and something that I personally learned is in terms of technology. And all these things in between
    seeking the simplest, most straightforward option
    that is least complicated is often the best solution.

    Don’t trust advertisements 

    And the reason I would be very, very wary of a lot of these people promoting, you know, buying their hardware wallets. Whatever right, everyone has a buck to make. Everyone has a bitcoin to make. Everyone wants to make a few satoshis here and there.

    So they’re trying to fear monger us. Oh, you’re gonna you know, Coinbase going to get hacked. And I’m like, no, I don’t think it is. It’s like, you know, back. It’s like essentially a Us. Government backed institution, you know, it’s essentially it’s traded on the the the US Stock Exchange. It’s a American based company. I would not trust anything outside of the States.

    Who should use cold storage

    If you’re super, you know, quant genius, autistic genius, then do all the cold storage stuff. But if in doubt, just the simplest thing is, coinbase seems to be the best.

    The ERIC KIM Free Money Hack

    Okay, so this is kind of my free money hack. So I call this microstrategy, strategy, mstr microstrategy versus bitcoin. And okay, so it’s very, very simple. So this becomes a philosophical debate. To say it short.
    I think the ultimate goal is to own Bitcoin, he or she, or the entities which own the most Bitcoin shall win.

    And so for me, philosophically, you know, let us say that you could own, you know, 20 bitcoins, or you could own 2 million dollars worth of micro strategy. Mstr. Stock. Right?
    10-20, 30 years from now, right?

    With MSTR you’re going to actually outperform Bitcoin. You’re actually going to make more money from microstrategy stock than Bitcoin. So Bitcoin, historically, has been 60% to 62% ARR annual rate of return MicroStrategy is almost double that 120 to 125 ARR. So if you actually want to maximize your returns, you just buy microstrategy stock mstr.

    Risk factors

    The issues is, you know let us say that Michael Saylor gets shot. He gets killed. He dies in a Cybertruck self driving accident whatever. Right? Then, it’s probably not going to be the world’s best future for microstrategy. So it’s actually much more risky.

    If you want the least risky option, just put all your money into Bitcoin.

    We the new Spartan Bitcoin demigods!

    And some millennial living strategies. Right? So the the simplest strategy I have, I call it the Spartan strategy. This is why I personally follow. Is you essentially try to live as minimally and frugally and sparse as you can, and just put literally 90% of your income into bitcoin.

    And a free money hack I discovered. So, for example, let’s say you have $150,000 or €150,000. Right? And you know I’m not 100% sure how it works if you’re a European.

    Anyways what you do is you buy microstrategy stock. So let’s say you buy, you know, $100,000 or $150,000 worth of it right? And Mstr, and you use fidelity, or robinhood, or whatever trading app you have. Right.

    And the strategy is simple.

    Let us say the base case is $150,000. Let’s say your microstrategy stock value then goes up to $200,000. Right?
    You sell $50,000 worth of it, and then you just transfer that to your bank account, and then your bank account is linked with your coinbase account. Then you just buy the Bitcoin — rinse and repeat.

    So very, very impressive over the last 3 months, I started with initial seed capital of around $150,000 in microstrategy stock, off of that $150,000 right and I haven’t even touched my principal. I yielded $242,000
    off of that initial $150,000. Once again I didn’t touch any of my principal. So essentially I made a free $240,000 dollars … in just 3 months!

    Just put it all into MSTR

    And also for traditional Roth, Roth, Ira retirement accounts. I put everything into microstrategy stock, and it had already like 3x’d.

    For example, My roth, Ira, just kind of randomly was like was $78,000, and then the course of 3 months it’s like now, $230,000. It peaked at around $300,000. So it’s going to be a good future.

    Minimize your expenses

    So the the very simple strategy– cut and reduce your expenses to a bare minimum.

    So let us say you’re able to get down your living expenses to let’s say you know, $5,000 bucks a month or €5,000 a month. Right? the point isn’t to just make a bunch of money and just go out and buy the Lambo. The the goal is actually to continue to live frugally. If anything live more frugally.

    The paradox of richness

    So the funny paradox here is that when people say they want to become a millionaire, but they’re really mean to say is I want to spend $1 million. 

    But the funny thing is the second you go out and you spend $1 million, you then become worth zero dollars.

    So actually, the game then is to stack your capital indefinitely and to see your numbers go up forever.

    And then the hilarious thing assuming that you’re like some sort of greedy money rich person, you actually continue to live as frugally as possible, and not touch your capital. 

    Stop the heat, capital loss

    I think one of the wise ways to think about money is like heat loss. For example, if you’re super effing cold, do you want to seal up the window windows and the spots of your house which loses heat.

    The same thing is with money and capital. You want to stop the capital loss.

    Premium gas is for suckers!

    So for example, the number one thing is the whole vehicle thing!

    Never ever ever ever ever purchase any vehicle that requires premium gas. This is like the stupidest mistake of all time.

    You continue driving your old Toyota Prius, and just pour all of your money in Bitcoin, because really the truth is and this is my philosophical thought is, there’s almost nothing worth on the planet purchasing.
    Besides, Bitcoin is my philosophical thought.

    The only thing worth purchasing on the planet is bitcoin. 

    Think economic leverage


    Also some even more super smart economic leverage.

    Instead of paying an arm and a leg for rent in La or New York. Brooklyn, you just move to like Southeast Asia.

    So if you move to Southeast Asia, you can live like a king, for like $300-500 bucks a month. Right? You just put all your money to Bitcoin.

    How to never run out of money 

    So even if you had a modest savings, right, let’s say you had like $200,000, and you have microstrategy stock.
    Let’s say every month of the month is rent is due, and the expenses are due right? You just sell a small portion of that stock, and it’s going to go up.

    So my thought on the next 4 years, microstrategy, assuming it’s around 2x Bitcoin. I think Bitcoin is going to go up 120% ARR. I think microstrategy is going to double that 240% ARR. So just do the math.

    At the end of every single month in which expenses are due, let us say it’s like $1000 bucks or something… You just sell $1000 worth of bitcoin or microstrategy stock to just afford your lifestyle. 

    MSTR x Bitcoin

    But ultimately my personal thought is whatever excess, money and capital you have just put it onto Bitcoin.

    So the microstrategy then ends up becoming the engine or the turbocharger or the cash cow. You milk it, and you shave the cream off the top, and then you buy Bitcoin with it.

    So I think the reason why to me Bitcoin is such a fascinating thing, and very exciting, is essentially Bitcoin is digital photography.

    Peter Diamandis, the X prize guy. Right? You know, he talks a lot about kodak film. You know the iphone and disruption.
    So actually, intuitively, as photographers and digital photographers, we should actually understand bitcoin. You know, this disruptive power about digital photography. So obviously, you have the hipsters with their mustaches and their flannels, you know, talking about the virtues of film photography.

    But the truth is, digital photography is like a quadrillion times better than film photography.

    And also currently, in the year 2025, incoming
    digital photography is actually superior to film photography.

    In the early days of digital ,,, digital photography sucked. But now, at this point, digital photography is far superior to any sort of film photography, and the only reason you should shoot film in today’s world is either as like a practice to appreciate the joys of photography. So the philosophical approach. Or you know, you’re trying to be some sort of like, you know, snobby fine art photographer and overcharge money for your photos. Then you shoot film.
    Because honestly, the the fine art market, they’re always going to overvalue film photos over digital photos, because it’s more complicated. It’s more strange, right? So in the art, in the art world, the more complicated, abstruse, and complicated, you can make your art the better. But for us,
    where we care about practical things, yeah, think about Bitcoin. So think about the iphone iphone pro versus your mom’s kodak Browning camera. I think the the thought is obvious. Okay.

    How to start buying Bitcoin

    Very simple. Just download the coinbase app. Buy Bitcoin.

    MSTR stock

    If you don’t want to actually own Bitcoin, you just want to make a ton of money, just buy microstrategy stock MSTR, and use your traditional accounts.

    A new philosophy of wealth?

    So the tricky thing is everyone wants to be a millionaire, but instead of gaining 1 million bucks, and keeping and retaining the million bucks and growing it to 2 million, 5 million 10 million 100 million 1,000,000,000,000 etc., What most people want to do is to spend the million dollars.

    In fact, a thought was whenever you watch all these movies about the glamorous life of the Wolf of Wall Street whatever, in order to fit a 90 minute segment, there needs to be some sort of ostentatious displays of wealth, huge parties, babes, yachts, Drugs, debauchery, sex, and Lamborghini countach’s. 

    Stacking those bricks!

    Never stop stacking

    So, saving and building $1 million of capital, just think like money and Lego bricks, capital digital capital. 

    The other day I just went to legal end with Seneca, and it was great. An interesting thing that we were doing with some of the kids in the tot lot was taking these oversized Lego bricks, and just seeing how tall of a tower you could build.

    And then even the kids said the goal was to keep stacking the bricks.

    So the analogy is in LEGOS is that you want to keep building your Lego tower thing as tall as possible, you never want to get rid of your bricks and throw it into the trash. Also you do not want to mess up the stability of your Lego tower, as you build it ever higher, you must also conversely build it a bit wider to support the ever-growing height.

    Capitalism vs consumerism

    So assuming that money, every capital measure is just like a unit of money, a unit as being a single Lego brick. And I think that is essentially what consumerism is; instead of stacking your capital instead of stacking your Lego bricks, you essentially incinerate it into the trash. 

    This is actually another big philosophical thing I discovered is, what’s the difference between capitalism and consumerism.

    Consumerism is actually the exact opposite of capitalism.

    Capitalism is about accumulating wealth. Building your capital and not spending it. Even one of my favorite Kanye quotes is:

    “White people make money don’t spend it, but I’d rather buy 80 gold chains and go ignant (ignorant)”

    So the pernicious thing that happens in a lot of communities, especially poor communities, is everyone takes their hard earned cash, they wasted at Vegas the strip club, on loser Louis Vuitton clothes shoes sneakers Nike sneakers, Jordans etc. 

    I’ve also seen this happen with my own eyes. It happens all the time to Korean people. It happens to everybody, right?

    The truck is you’re a single guy, living in a crappy apartment in K-Town with 20 other dudes, yet you drive the brand new BMW. And you’re not building any sort of generational wealth. Right?

    So essentially the smart strategy is to build a capital and do not spend it. And essentially, you want to start to intelligently leverage your capital to give to your future kids or your descendants, or whatever you want to do.

    Building the balls for bitcoin 

    The hardest thing about Bitcoin is stomaching the volatility. Bitcoin and all the crypto assets in general tend to be much more volatile than the standard stocks in the NASDAQ 100 index, maybe besides microstrategy stock. 

    Now this is an important thing; a very interesting thing I saw at the San Diego children’s science center, there was a section on electricity, and there was this transformer that yielded both high voltage energy, as well as low-voltage energy which you could turn into a lightbulb.

    It was interesting you just pushed a button, and you had the two lightning rods, and you would see the high voltage energy surging through it, and it looks super dangerous and powerful. And I am very certain that in the early days of Nicola Tesla, Edison, there were probably a lot of people who accidentally touched electrical wire and died.

    Now even though there is a handful of people who died from miss handling electricity, it doesn’t mean that we suddenly ban electricity or fear it. Even today, the people who climbed the high ladders, fixed electricity poles, it is still a very dangerous job. But clean silent electricity might be the best innovation or technology for humans of all time.

    Bitcoin is electricity. Maybe if handled incorrectly, the high volatility the high energy the high power can kill a man. But if harnessed correctly, it could be the biggest benefit to humanity of all time.

    The stoic way

    So for most people who get into bitcoin for the first time, and maybe for people who have never day traded, or traded stocks or done risky stuff, stomaching the volatility the highs and lows the ups and downs is quite frightening.

     I consider myself fortunate because I’ve been exposed to trading stocks ever since I was 15 years old, and I’m 36 now. So I guess I’ve been in the game for at least 21 years.

    And also, studying stoicism, Zen, Taoism, Spartan philosophy, and hardcore one rep Max powerlifting has been good to steel my nerves, and my soul. 

    Practical thoughts

    The first thought is never check the price of bitcoin unless you actually plan on purchasing more. And actually, if you think about it… The price of bitcoin should never really even matter if you actually have money and plan on buying some.

    An interesting thought I got from Michael Saylor is that I will keep buying the top, forever.  I will continue purchasing bitcoin at $100,000, $250,000, $1 million, $10 million, and 55 million coin.  And who knows, maybe if I live long enough I could buy bitcoin at $1.1 billion of bitcoin. 

    If anything, this is actually a happy thought, if I’m privileged enough to live to be 120 or whatever, maybe I could actually live to see bitcoin hit over 1 billion a bitcoin, which means that this will be the best party of all time! Or, maybe Seneca could see it in his lifetime. 

    The false coins

    So a lot of people ask about ethereum dogecoin shibainu etc. I think Bitcoin is the only true one.

    Everything else is the false prophets. Everything else is the false coins. The immaculate conception of Bitcoin and Satoshi.

    False prophets

    So the difficult thing is everything that is not bitcoin, require some sort of intelligence Books person or PR team. The reason why I also got off of chain-link is that I started to realize that Sergey Nazarov was just a puppet, and Vitalik Buterin is no better — perhaps even weirder.

    So the hard thing about any sort of crypto asset which is not bitcoin, is if you have a real person associated to the thing… There are too many risk factors.

    For example, Jared Tate, the guy who invented Digibyte (DGB), somewhere along the line went off the rails, started to talk about all these weird conspiracy theories whatever. He may be right he might be wrong he might be partially right, but the biggest issue was once this happened, the digibyte community started to try to distance themselves from him. And obviously the price of DGB crashed — and I’m not even sure that anyone supports it anymore. I haven’t checked.

    The immaculate conception of bitcoin

    So you know in the Bible when they talk about mother Mary, the immaculate conception of Jesus, and the assumption, we could actually apply a metaphor to bitcoin. I actually do think it’s very critical that she gave his gift to the world, and then disappeared forever. Even actually if you did come out today, And prove that he was Satoshi, it wouldn’t actually really matter, actually in fact, we are all Satoshi. 

    Is bitcoin a cult?

    Of course it is! But then again, almost everything is a cult. Cult is just short for culture. When we think about weird scientologists and Tom Cruise and whatever, the only reason why the term cult got such a bad reputation is that they demand huge financial investments, and also they apparently do strange tactics to keep you inside the cult?  Even the thing that was kind of shocking to me when I heard it was that actually if you want to be part of a synagogue, you have to pay a monthly fee?

    Anyways, my thought is actually, it is a good idea to invest in cults. Investing in the cult of Apple, Steve Jobs, Tesla Elon Musk, SpaceX, etc.

    Hard caps matter.

    If there is only one thing that makes bitcoin valuable is that it has a hard cap of 21 million bitcoins forever.

    This is a big deal because Ethereum does not have a hard cap, you could actually always print more. 

    Volatility is vitality

    Volatility is vitality. Michael Saylor.

    Essentially volatility is vitality, and the more volatile the more energy the power you have, the more vitality you have.

    So once again, people think of volatility as being risk. That is actually not the case. Bitcoin is going to go up forever, but it’s going to be like an extreme roller coaster and go up down, but with extreme swings it’s extreme performance.

    Volatility is not risk.

    Volatility is just going up and down a lot, but essentially over a long enough time span, it’s going to go up forever.

    Think the market cap, the potential full market capitalization 

    Currently, Bitcoin is like a 2 trillion dollar asset class right? And this is also from Jesse Myers onceinaspecies.com.

    And the reason why this is important is currently the whole world’s economy is 900 trillion dollars, right? And
    what we have our eyes on is real estate. So real estate is, you know, most people don’t really just use real estate as a place to live right? Otherwise, you just rent. People use it for a long term store of value.

    So, for example, if you’re a really really rich family from New York City, you own, like 10 square blocks in Manhattan, and, you know, does your descendants sell, a square block to buy himself a few Ferraris. No, that that would be a bad strategy. So the the tip I have for any single person trying to build intergenerational wealth. Keep it simple. Only one rule. You don’t sell the Bitcoin. If you face extreme poverty or financial distress, I don’t know, become an Uber driver or something. Pay the bills, but don’t sell the Bitcoin.

    Bitcoin > Gold

    Currently I think we’re going to see is Bitcoin is just going to take over the gold market, which is 16 trillion dollars, maybe the cars and collectible art market.

    Utility or long-term store of value?

    Now, a big thought is this is from Michael Saylor is that all these assets on the planet– some of half of it is to provide utility. Right? So, for example, you need you need somewhere to live right? That provides utility.

    But then, again, some of it is to preserve capital right?

    Homes?

    So this is the tricky kind of low-key scam I think exist, we try to get suckered into buying a single-family home, or even worth a condo, because simply that is what one does, and this inaccurate rhetoric about these scumbag landlords, and that your essentially pissing away your money and your wealth because you’re paying off their mortgage, rather than building equity in yourself.

    Now this might’ve been accurate like 100 years ago, or 15 years ago before bitcoin was invented.

    But once again, if a huge paradigm fundamental shift happens, obviously you should not use past technologies because it is no longer pertinent.

    For example, you see it today. In the year 2024, we already have the Tesla model S plaid, which will destroy any other mainstream car on the planet, even if it’s like $10 million. Yet why don’t people just go fully electric for electric vehicle sports or hyper cars? Once again people are stuck in old analogies.

    There’s really no reason to own a single-family home anymore?

    This past weekend, we had the privilege of doing a home exchange, and staying in this really really amazing home in the mountains overlooking the San Diego coastline, I woke up every morning enjoying my morning coffee, with a window next to me, overlooking some beautiful Torrey Pines, and also having the privilege of having the light directly enter through the window and hit my face.

    And also, going to the patio, to overlook in the ocean first thing in the morning, with the light directly on me. 

    It was kind of like my dream house or home, I always had this vision of having maximum natural light in the house, the living room and the kitchen, floor to ceiling windows etc. And now having experienced it, for four mornings in a row, I could say it was phenomenal, but still… Not really worth $2 million or whatever.

    New strategies for wealth generation for millennials

    so, I’m born in 1988, and I could probably say that I’m a millennial. Yet the tricky thing is that we’re kind of in a weird spot right now; currently there is a pressure to buy a single-family home?

    I think things changed after Covid, like nobody was interested in homeownership, everyone wanted to travel to Japan and be off the grid, become a digital or a cyber nomad etc.

    Everyone wants this nebulous notion of “financial independence.” What is financial independence? Bitcoin!

    My simple thought about financial independence is not being held down by anything, whether that be homeownership, land ownership, condo ownership, car ownership etc. Because you become like an indentured servant a slave a sharecropper to your land. Why? If you’re going to have to pay property tax like $1500 a month, plus home insurance stuff etc. costing you maybe $2300 a month, and also a mortgage which might in total cost you about $7000 a month, this seems like slavery.

    > Home ownership is the new share cropping.

    Also a subtle nuance I’ve discovered, is that there is actually some sort of low-key shame about renting? No! If you have a good landlord, rent control and live in a desirable neighborhood, this is like the smartest economic leverage you can make! 

    Think digital, cyber land. 

    Perhaps one of my most beneficial things of studying sociology is wiping the slate clean, thinking things anew and afresh. 

    In fact, the number one thing that you learn is sociology is to always challenge societal norms and assumptions; taking it back to first principles, social first principles, sociological first principles. 

    There is no “should”

    Once again, the ground truth for much of society is that if you want the ability happiness and smartness, you must have stability, you must own a single-family home, you must own a home or property.

    But once again this ideology was invented before the internet, iPhones, and $50 android devices. And certainly before Bitcoin!

    The network effect

    Do you remember, in the early days of Facebook. It was only it was only university students with an “.edu” address were allowed to join. Then they opened up to everybody, and the network effect of Facebook is that if you have Facebook and I have Facebook, then Facebook instantly becomes more valuable to both of us, because I can now share my photos with you, you could tag me in your photos and vice versa.

    Also if your friends friends also have Facebook, it becomes much more valuable to everyone.

    The same thing goes with the iPhone and FaceTime. I used to be a diehard android guy, but now I’m all iCloud everything. It makes life so much easier, and also because I wanted to get my mom off of the stupid Kakaotalk, I got my mom an iPhone, and now our whole family has iMessage which makes like way easier.

    Bitcoin is the killer app. Bitcoin is like metaphorical FaceTime for all 8 billion people on the planet. 

    And so Bitcoin is going to be the same thing as more and more people are going to continue to download Coinbase or whatevs. And also my optimistic thought is, if Apple doesn’t want to become irrelevant, it’s I’m very certain the next 5 to 10 years Apple is going to have their own
    Bitcoin storage thing in your icloud account. It makes sense right. They have apple pay. They have the apple wallet. Essentially Apple is the new bank. And so now, when they do like a you know, a 3 device authentication for your bitcoins through your iphone, your ipad and your macbook pro whatevers. It’s actually it might actually be one of the most safe ways to store your bitcoins.

    MicroStrategy might be the most valuable company on the planet, the #1 most valuable company on the planet 

    The reason why the mainstream media they doesn’t like to talk about microstrategy is that it’s still a little bit too weird and bizarre. And it’s not as buzzworthy as AI, because, okay, people like to think of this like evil Terminator AI, the idea that AI is going to take over the world.

    Bitcoin doesn’t have the same doomsday view; for example you never think of bitcoin like being an android walking around, taking over the planet.

    AI gets a lot more buzz, because James Cameron and the Terminator made it so cinematic.

    Ponzi scheme

    For so long people thought that Bitcoin was a Ponzi scheme right. No one ever thought that AI was a Ponzi scheme. So AI always catches the headlines.

    But look at microstrategy, look at the best performing stock on the human unit in the human universe over 3x.

    For example, people always talk about Nvidia, but micro strategies out performing Nvidia by almost 3X! down the line Nvidia is destroying Tesla. And after that, nobody is even relevant.

    Cyber physics

    So my practical physics-based thought is that the reason why AI Nvidia, producing computer chips, self driving cars and cybertrucks is so difficult is that you’re still stuck in the realm of physics. To build 1 million cybertrucks is difficult, and also, building 1 billion micro processing chips is also difficult. You are subjected to the laws of entropy, chaos, supply chain issues, Rare earth minerals, regulations, and physical heat loss etc.

    What is so amazing about bitcoin is that because it exists in cyberspace, yet is also real, it is not really bound by the same laws of physics. There is no heat loss in a bitcoin, and also it is immortal.

    For example, a cybertruck might last 100 years, a bitcoin will last 100 trillion years and beyond. 

    Invest in cyber!

    Politics

    I used to be anti-Donald Trump, but now I’m super for Donald Trump and his whole family. Also for ERIC Trump. Who hilariously has the same name as me.

    Anyways, just watched Donald Trump’s Nashville presentation he quotes Michael sailor directly, never sell your bitcoin.

    Donald Trump is super super pro bitcoin.

    Cyber warfare

    There will be no more World War III, the only future war will be a cyber warfare, maybe like bitcoin warfare.

    I am quite certain that America will lead the charge in the crypto bitcoin revolution. 

    Assuming that America really wants to control the future. I think the America purchasing 6 million bitcoins is not fully out of this this planet.

    The American ethos is we always want to be the best, to control everything. Wouldn’t it make sense for us to own like 25% of the bitcoin network? Ideally more?

    Building personal family wealth

    Everyone wants to build wealth. Everyone wants to be intelligent with their investing. It doesn’t matter if you’re a nonprofit, a charity, a church, Mother Teresa, like every single organization, will always need money. Capital. If you have an endowment, you know, for Harvard, Yale, Princeton, Stanford Brown University. Whatever even the UC’s– everyone needs money and capital.

    Even for the people who seem to be the most disinterested in money, my funny irony that I’ve noticed is that the people who critique money, money rich money greedy people, they are the ones who often complain the most about their own financial distress.

    Therefore, wealth will benefit everybody, it will benefit you, your enemy, your friends your family.

    Don’t think about the macro

    I don’t like to think too much about the macro, because I’m not an institutional investor. I just think about myself, my family, my best friends, my squad. So the goal is building personal family wealth and how to intelligently invest.

    Not even god can time the market

    So a lot of people talk about timing. The ideal is people don’t want to “overpay” for bitcoin, and they want to find a good time to buy.

    My personal thought is it is always a good time to buy Bitcoin. At the highs the lows the mids etc. If you go to saylortracker.com, you’ll see the Michael Saylor and MicroStrategy has purchased bitcoin like over 45 times, like 45 distinct events, at the highs the lows the mids, the crashes the highs etc. 

    For myself too, whenever I gain any access to money or capital, I immediately purchase more bitcoins, irregardless of the price. If anything I am more opportunistic when I see the price dip a bit, this is when I get greedy in a virtuous way. 

    So recently I bought some more Bitcoin at $100,000. Right then it dipped down to 90,000 to 88,000 hit 103,000 again, and so I’m pretty sure that in 10-20 years I’m going to be buying Bitcoin at 1 million, a Bitcoin, 10 million dollars a Bitcoin, 55 million dollars a Bitcoin, whatever is right, and because if you do the simple math, just think at least 4 years ahead, right?

    $1.2 million a bitcoin in 4 years 

    So if I could tell you with 100% certainty that Bitcoin is going to be $1.2 million a Bitcoin in 4 years, as long as you’re buying it for less than a million dollars a coin you’re getting a good deal! You’re going to be in the green like it’s it’s kind of a a good bet, right?

    No need to “maximize o your gains

    Good greed vs bad greed?

    And actually, also, ironically, my personal thought is
    chasing gains is a good thing, but also it’s it’s a good idea to not get “greedy” in the sense of maximizing your gains.

    So for example, what’s the difference between getting a 38% yield and a 32% yield? The difference is nominal.

    Don’t worry so much about maximization, because even a lot of what I thought my trades were bad 2 years ago ended up being right.

    So as investors, we have to think at least 4, 10, 20, 40, 50 years ahead of us. So don’t worry so much about the the short term performance.

    The ERIC KIM BLEND

    There’s a lots of different blends.

    First you could just put 100% of your capital directly in bitcoin, just using Coinbase or whatever.

    Another strategy is just putting 100% of your money into microstrategy stock directly. 

    My personal suggestion is put 80% of your wealth into Bitcoin and 20% of your wealth into microstrategy MSTR stock.

    The reason why I think this is a good split and a good ratio is that technically bitcoin is a lot safer than microstrategy. But, it is good to leverage the nuclear reactor of microstrategy, and not only that, I love Michael Saylor! He is the only living man on the planet besides my friends and family that I love; because he has made me richer than I could have ever possibly have imagined, has brought happiness joy peace and prosperity to my family, to my relationship with Cindy, and also for the bright future of our family and Seneca.

    The math 

    So whatever allotment you decide to put into bitcoin versus microstrategy, let us just focus on the microstrategy stock. 
    To keep number simple let us say that I have $150,000 worth of microstrategy MSTR stock. And let us say that micro strategy climbs to around to be worth $200,000. Well then do is sell about $50,000 worth of the stock, transfer that to my bank account, and then purchase bitcoins worth $50,000 using my Coinbase account which is linked to my checking account.

    I call this double profits. 

    Expenses

    Let us say that you are like a single millennial who wants to live off the grid, ideally you would just live somewhere that is super super cheap, like Cambodia Thailand Vietnam Laos, somewhere in Southeast Asia. Ideally you would not spend much for your living expenses.

    Let us say that you relocate to Vietnam and your entire expenses including your rent utilities eating out food coffee etc. is like $1000 a month.

    But then you do is at the every month when your bills are due, you just sell about $1000 worth of microstrategy stock, pay your bills and keep the rest!

    To me this is like the smartest idea of all time because in theory, you will never run out of money!

    This could also work if you live in the states, but once again friends, let us keep our living expenses to the bare minimum. I encourage everyone to rent. Why? Renting will always be cheaper than owning a single-family home or a condo, and you could just use all of the excess money to buy more bitcoins!

    What’s the difference between being an investor, a trader vs speculator?

    I believe that the desired identity is to be an investor. We want to think about 10, 20, 30 40-50 years ahead of us.

    A trader (or even worse,a day trader) is a bunch of these, like 20 year old high testosterone degenerates, you know, single, you know, maybe addicted drugs, or whatever right, who just want to like look cool. I made a billion dollars in a month by using all these complicated statistical models. Blah! Blah! Right? But you don’t want to be a trader or a day trader. You don’t want to be a trader because essentially nobody could time the market. Not even God could time the market.

    Speculators are even worse?

    What a speculator is people who invest in meme coins. So a meme coin is like buying a Dogecoin or shiba Inu, that the reason why these are not you should not do this is that it is extremely dangerous. You’re going to lose all your money, and it requires a charismatic leader to support it.

    So Dogecoin, right? Dogecoin is essentially elon musk coin.
    If one day Elon musk tweets. Ha! Ha! Doge was just a joke all along, right. It’s not worth anything. The value of it will plummet to 0, or if once again, Elon dies in a a robo taxi the The value of dogecoin is going to go to 0, whereas if Elon Musk dies, you know Bitcoin is going to still keep going up forever.

    We’re investors.

    Nobody brags about how many US dollars they have in their checking account


    Somebody asked about monetary inflation. There’s this thing called the M2 monetary supply — the rate of monetary inflation and dollar printing.

    You’re going to have to exceed at least 13% to 15% to
    not lose money. So, for example, let us say, you have a billion dollars of US dollars in your checking account. You’re going to be bled to death. So in a year, your 1 billion dollars is going to shrink to 750 million down to 500 million, to 350 million. And essentially, you’re going to get a point where your money is worthless.

    And already we see this right now. So currently, the price of real estate, single family homes is exploding. But this is my critical view– how much of that is that the value of a single family house is higher versus our US. Dollars are just simply worthless or being worth less?

    So let us say that the minimum wage goes from $15 an hour to $20 an hour overnight for a Mcdonald’s worker. You instantly see 25% inflation. So your $1 million dollars in the bank is now worth only $750,000.

    The real real rich people store less than 1% of their wealth in Us. Dollars in their checking account. You’re not gonna have Jeff Bezos bragging to other people that he has $10 billion dollars of US dollars in his checking account. No, it’s it’s all going to be in you know, stocks, or, you know, real estate. And actually, ideally, Bitcoin. Cyber cyber capital.

    Now what?

    Follow @saylor, Michael Saylor on TwitterX, Michael.com, watch all of the Michael Saylor interviews in reverse (most recent, then trending backwards). I feel like from listening to Michael Saylor alone I got like a double PhD in physics and monetary theory.

    Ultimately the path forward is to just keep buying more bitcoins, and never selling it.

    I also then encourage you to think more critically about like life in the backwards; if you’re already worth $100 million, or $1 billion, then what? How do you want to live your life? What do you want to do, what don’t you want to do? This is the next step forward!

    ERIC