HAPPY!
Perhaps in life, taking the more irrational decision is the most interesting fun, the best the most supreme decision?
The Internet 3.0 is Bitcoin
Finally — the Internet of money? The initial dream and vision of Elon Musk and Peter Thiel, — striving to create an Internet native currency, a super amazing goal. Even if you dedicated your whole life to the rest of this, like fixing the Internet and money — it would all be worth it!
everyone also agrees that the Internet is now a toxic, untrustworthy place. So how to fix the Internet Dancer is simple — Satoshis and bitcoin!
Why Bitcoin is Good for Millenials
I think the hard thing about my generation, the millennial generation is that we were promised so much, yet we yielded so little.
For example we were promised that we would be able to change the world etc., in reality we all just became slaves to the big tech companies, yeah yeah yeah we make a good salary, but still… Our lives suck. Sure we might be able to ride on the private jet with Mark Zuckerberg, eat fried chicken with him on the jet, or drive around with him in his Porsche 911 GT 3, but ultimately, none of that really matters if you are plagued with insomnia because you’re concerned that you might have to go on a random business flight, unannounced, tomorrow.
Also, it looks like the big tech boom is done and over. Nobody’s talking about building $1 billion unicorn anymore, hopefully trying to IPO it, have it valued $4 billion, collect some stock options, retire on some sort of desert island somewhere.
Even we are in a weird inflection point in which the new pillar of success is maybe own a single-family home somewhere… But it is so beyond our budget, and even if we could afford it and purchase it… It is a bit uneventful?
Bitcoin as the ultimate hope
It is true that Punlilius Syrus once said “never moor all of your hopes to just one anchor”. so in some ways, if we moor or anchor all of our hopes to bitcoin, this might not be a good idea. However it seems like such an obvious decision to me, like investing an apple in the 1980s, investing in Amazon Facebook or Google when they IPO’d, or even investing in the Internet.
I think of bitcoin like the Internet. Like the Internet 3.0. The Internet 1.0 was like AOL 3.0, dial up 56K Internet, then the Internet 2.0 was like Amazon Facebook Twitter Google social media etc. And now the Internet 3.0 is bitcoin.
I DREAM IN BITCOIN
Accretive
Why I’m so passionate about Bitcoin?
Armor, armor up!
I have dreams about bitcoin?
.
Why bitcoin is good for millennials?
.
I LOVE THE VOL!
I love the volatility!
BITCOIN.
The Bitcoin Risk Lever
90% Bitcoin, the safe option,,, less volatile, in theory less yield.
MSTR, Microstrategy — higher volatility, higher volume & velocity — more extreme swings highs and lows. But you need a 90% downturn, to gain a 300% upside?
10% MSTR, 90% Bitcoin!
MSTR is the cash engine, very high volatility ,,, bank profits into Bitcoin!
Long Bitcoin
CRYPTO BY KIM
Brave new world for photographers and crypto:
- MSTR -> BTC
- Sell Ethereum, Buy Bitcoin!
- BUY IT ON DISCOUNT!
- BITCOIN IS THE INTERNET 2.0?
- ALL BITCOIN EVERYTHING
- Self-Custody
- HOLD OR CIRCULATE?
- BITCOIN OR BUST
- BITCOIN THOUGHTS
- Bitcoin is Sexy
- Fuck the Banks!
- Ethereum?
- Why Chainlink?
- BIG AMOUNTS, SMALL AMOUNTS?
- CRYPTO, CRYPTOCURRENCY THOUGHTS.
- The Philosophy of Crypto
- BITCOIN SHALL BE THE LAST CRYPTO STANDING.
- Bitcoin Price Prediction
- Trust chainlink for the most accurate prices for bitcoin or any other crypto
- BITCOIN
- There is No Web 3.0
- 2 cents to 2 dollars?
- Crypto.com?
- Speculation vs Investing
- Building with Bitcoin
- DYNAMICS VS STATICS.
- How Do You Know if the Timing Is Right?
- BITCOIN IN THE NEWS
- BITCOIN & UNCERTAINTY
- Fake Money
- Why I Bought More Bitcoin (Again)
- How I Made Money with Crypto
- Better to buy Dogecoin then buy a Tesla
- NO LIMITS.
- ALL DIGITAL FUTURE.
- Digital over Physical Possessions
- DIGIBYTE.
- CHAINLINK.
- The Excitement of Starting from Zero
- HAPTIC INDUSTRIES NOW ACCEPTING CRYPTO AND BITCOIN
- In Praise of Crypto
- JUST BUY IT.
- Why I’m So Bullish on Bitcoin
- Bitcoin as the Simplest Cryptocurrency
- Why I bought (more) bitcoin
- Once You Become a Crypto Billionaire, Then What?
- Why Crypto is Under-Hyped
- The Joy of Speculation
- BITCOIN AND CRYPTOCURRENCY FOR PHOTOGRAPHERS
- Why I Bought Bitcoin
- Crypto Photography
- Crypto Thoughts
- On Making Money from Nothing
- BITCOIN THOUGHTS
- Bitcoin is Sexy
- Fuck the Banks!
- Ethereum?
- Why Chainlink?
- BIG AMOUNTS, SMALL AMOUNTS?
- CRYPTO, CRYPTOCURRENCY THOUGHTS.
- The Philosophy of Crypto
- BITCOIN SHALL BE THE LAST CRYPTO STANDING.
- Bitcoin Price Prediction
- Trust chainlink for the most accurate prices for bitcoin or any other crypto
- BITCOIN
- There is No Web 3.0
- 2 cents to 2 dollars?
- Crypto.com?
- Speculation vs Investing
- Building with Bitcoin
- DYNAMICS VS STATICS.
- How Do You Know if the Timing Is Right?
- BITCOIN IN THE NEWS
- BITCOIN & UNCERTAINTY
- Fake Money
- Why I Bought More Bitcoin (Again)
- How I Made Money with Crypto
- Better to buy Dogecoin then buy a Tesla
- NO LIMITS.
- ALL DIGITAL FUTURE.
- Digital over Physical Possessions
- DIGIBYTE.
- CHAINLINK.
- The Excitement of Starting from Zero
- HAPTIC INDUSTRIES NOW ACCEPTING CRYPTO AND BITCOIN
- In Praise of Crypto
- JUST BUY IT.
- Why I’m So Bullish on Bitcoin
- Bitcoin as the Simplest Cryptocurrency
- Why I bought (more) bitcoin
- Once You Become a Crypto Billionaire, Then What?
- Why Crypto is Under-Hyped
- The Joy of Speculation
- BITCOIN AND CRYPTOCURRENCY FOR PHOTOGRAPHERS
- Why I Bought Bitcoin
- Crypto Photography
- Crypto Thoughts
- On Making Money from Nothing
Think Macro!
Thinking about money? Buy Bitcoin!
.
It is boring to me!
.
100 times bigger than the Super Bowl
.
325-350 million USA
.
this is too exciting!
.
.
Don’t talk just record just shoot video
Don’t waste your voice ***
.
I don’t get good press!
I only get bad press
.
It is a bloodbath
.
FBI
.
22,000 votes lost?
.
Free and fair press?
.
Debate ,, .?
.
Not a big fan!
.
.
Vicious
Stupid & Vicious
.
Fair elections
Anti politicians
.
Size of his leg!
Urlecher
.
I’m going to get troubled into this problem
.
Human trafficking –> the Internet?
.
What do we want or seek?
.
The truth ,,, is a distraction?
The truth ,,, is a distraction?
Why Donald Trump height matters
Donald Trump’s height has been a topic of public interest due to its potential influence on perceptions of leadership and authority. Official records have listed his height as 6 feet 3 inches (190 cm), though some documents, such as a 2012 New York State driver’s license, recorded it as 6 feet 2 inches (188 cm). During his booking at Fulton County Jail in August 2023, Trump self-reported his height as 6 feet 3 inches.
Height can impact social perceptions, with taller individuals often viewed as more competent and authoritative. In political contexts, candidates’ heights have been noted to influence voter perceptions, potentially affecting election outcomes. For instance, taller candidates are frequently perceived as more commanding and capable, a factor that can subtly influence voter opinions.
In summary, while height is a physical attribute, its implications extend into various domains of life, influencing health, social interactions, psychological well-being, and economic outcomes.
Donald height
Donald Trump’s height has been a subject of public interest and some debate. Official records have listed his height as 6 feet 3 inches (190 cm). For instance, during his presidency, White House physician Dr. Ronny L. Jackson reported Trump’s height as 6 feet 3 inches in 2018.
However, discrepancies have arisen from other documents. A 2012 New York State driver’s license listed his height as 6 feet 2 inches (188 cm). Additionally, during his booking at Fulton County Jail in August 2023, Trump self-reported his height as 6 feet 3 inches.
These variations have led to public speculation about his exact height. Nonetheless, the most frequently cited measurement is 6 feet 3 inches.
Barron Trump height and picture
Barron Trump, the youngest son of former President Donald Trump and Melania Trump, stands at an impressive height of 6 feet 9 inches (206 cm). Born on March 20, 2006, he is currently 18 years old. His notable stature has been a topic of public interest, especially as he has been seen towering over his parents and siblings in various appearances.
For recent photographs of Barron Trump, you can refer to the following sources:
• Getty Images: A collection of high-resolution images featuring Barron Trump in various public events.
• Hollywood Life: A gallery showcasing Barron Trump’s appearances over the years.
These sources provide a visual representation of Barron Trump’s height and presence alongside his family members.
WHY SO MUCH FUCKING CLICKBAIT ON THE INTERNET?
Donald Trump wives and kids and ages heights
Donald Trump, the 45th President of the United States, has been married three times and has five children. Here’s an overview of his spouses and children, including their ages and heights:
Spouses:
1. Ivana Trump (née Zelníčková)
• Marriage: 1977–1992
• Age: Born February 20, 1949; passed away July 14, 2022, at age 73.
• Height: Approximately 5 feet 11 inches (180 cm).
2. Marla Maples
• Marriage: 1993–1999
• Age: Born October 27, 1963; currently 61 years old.
• Height: Approximately 5 feet 8 inches (173 cm).
3. Melania Trump (née Knauss)
• Marriage: 2005–present
• Age: Born April 26, 1970; currently 54 years old.
• Height: 5 feet 11 inches (180 cm).
Children:
1. Donald Trump Jr.
• Mother: Ivana Trump
• Age: Born December 31, 1977; currently 46 years old.
• Height: 6 feet 1 inch (185 cm).
2. Ivanka Trump
• Mother: Ivana Trump
• Age: Born October 30, 1981; currently 43 years old.
• Height: 5 feet 11 inches (180 cm).
3. Eric Trump
• Mother: Ivana Trump
• Age: Born January 6, 1984; currently 40 years old.
• Height: 6 feet 5 inches (196 cm).
4. Tiffany Trump
• Mother: Marla Maples
• Age: Born October 13, 1993; currently 31 years old.
• Height: 5 feet 8 inches (173 cm).
5. Barron Trump
• Mother: Melania Trump
• Age: Born March 20, 2006; currently 18 years old.
• Height: 6 feet 9 inches (206 cm).
These details provide a snapshot of Donald Trump’s immediate family, highlighting their ages and heights as of November 1, 2024.
Eric trump on BTC
Eric Trump has recently emerged as a proponent of Bitcoin and the broader cryptocurrency sector. In September 2024, he co-founded World Liberty Financial, a cryptocurrency exchange aimed at making decentralized finance (DeFi) more accessible to the public. During the platform’s launch, Eric emphasized the importance of user-friendly interfaces in DeFi, stating:
“We have to make it intuitive, we have to make it user-friendly, and we will.”
This initiative reflects Eric Trump’s commitment to promoting digital financial innovation and expanding access to cryptocurrency services.
.
Eric Frederick Trump, born on January 6, 1984, in New York City, is an American businessman and philanthropist. As of November 1, 2024, he is 40 years old. He is the third child and second son of former President Donald Trump and Ivana Trump.
Education and Early Life:
Eric attended Trinity School in New York City and later graduated from Georgetown University in Washington, D.C., with a degree in finance and management.
Professional Career:
Eric serves as the Executive Vice President of The Trump Organization, overseeing various aspects of the company’s real estate ventures, including hotels, golf courses, and residential properties. Under his leadership, the organization has expanded its global footprint, notably in the Middle East with projects like Trump International, Oman.
Philanthropy:
In 2006, Eric founded the Eric Trump Foundation, which has raised over $30 million for St. Jude Children’s Research Hospital, including funding a state-of-the-art surgical ICU that opened in his name in 2015.
Personal Life:
Eric married Lara Yunaska in 2014. The couple has two children: a son, Eric “Luke” Trump, born in 2017, and a daughter, Carolina Dorothy Trump, born in 2019. The family resides in Florida.
Recent Developments:
In September 2024, Eric co-founded World Liberty Financial, a cryptocurrency exchange aimed at making decentralized finance more accessible to the public. This initiative reflects his commitment to promoting digital financial innovation.
Eric Trump’s multifaceted career encompasses significant roles in business expansion, charitable endeavors, and recent ventures into the cryptocurrency sector.
Recent Trump quotes bitcoin
Donald Trump’s sons, Donald Trump Jr. and Eric Trump, have recently become active proponents of Bitcoin and the broader cryptocurrency sector.
Donald Trump Jr.: In August 2024, Donald Jr. announced his involvement in a decentralized finance (DeFi) project aimed at challenging traditional banking systems. He emphasized the project’s goal to address inequalities in financial access, stating:
“What we want to do is take on a lot of the banking world. I think there has been a lot of inequality in that only certain people can get financing.”
Eric Trump: Eric has also expressed enthusiasm for cryptocurrencies. In a September 2024 interview, he highlighted the potential of digital assets to revolutionize finance, mentioning:
“It’s digital real estate… collateral anyone can get access to and do so instantly.”
World Liberty Financial: Together, the Trump brothers co-founded World Liberty Financial, a cryptocurrency exchange launched in September 2024. The platform aims to make decentralized finance more accessible to the general public, with Eric Trump stating:
“We have to make it intuitive, we have to make it user-friendly, and we will.”
These initiatives reflect the Trump family’s growing engagement with the cryptocurrency industry, positioning themselves as advocates for digital financial innovation.
…
Former President Donald Trump has recently made several statements indicating a strong shift in his stance toward Bitcoin and cryptocurrencies:
• Bitcoin as a Defense Mechanism: In June 2024, Trump described Bitcoin as the “last line of defense” against centralized digital currencies, emphasizing its role in maintaining financial autonomy.
• Strategic Bitcoin Reserve: During the Bitcoin 2024 Conference in Nashville, Trump announced plans to establish a “strategic national bitcoin stockpile,” aiming to retain all Bitcoin holdings acquired by the U.S. government.
• Pro-Bitcoin Presidency: At the same conference, Trump pledged to be a “pro-bitcoin president,” criticizing the current administration’s regulatory approach and promising to make the U.S. a global leader in cryptocurrency.
• Bitcoin’s Endurance: In a July 2024 interview, Trump acknowledged Bitcoin’s resilience, stating, “It’s not going away,” and expressed a desire for the U.S. to lead in Bitcoin and crypto innovation.
These statements reflect a significant evolution in Trump’s perspective on Bitcoin, highlighting his current support for the cryptocurrency and its potential role in the U.S. economy.
PHYSICAL PERFECTION
Your back musculature is equally impressive. The width and density of your lats show strong development, which contributes to a V-taper look. The visible definition in your upper back, including the traps and rhomboids, highlights a balanced and well-conditioned musculature, indicating focused training on both strength and hypertrophy. The details in the skin around the muscles show low body fat, further emphasizing muscle separation and definition. This level of back development requires dedication to exercises like pull-ups, rows, and deadlifts. Great job on achieving such balanced and detailed back definition!
Rate physique
Your physique demonstrates impressive muscular development, particularly in the shoulders, arms, and chest. The muscle definition is clear, with noticeable vascularity and striations, indicating a low body fat percentage. These aspects point to a dedicated approach to training, especially with compound movements that build upper body strength. Overall, your conditioning and muscle tone show significant effort and dedication to strength training. Great work!
I don’t need you!
I LOVE MY BODY!
FAT IS UGLY.
WE ALL NEED SOMETHING TO BELIEVE IN?
I LOVE MY BODY & PHYSIQUE!
Fit Body, Fit Mind, Fit Soul
Trust no fat, skinny fat investor thinker or person.
Rack pull
Bad Distractions, Good Distractions?
Optimization is Bad
80% good enough and stick with it!
My personal thought is with cars homes tools etc.… If it is in the 80% to 90% to 95% to 99% to 100% good or perfect we’re good enough… Just stick with it.
Maybe the only time to ever upgrade or buy new thing or something is when it dips down lower than 80%?
Why I’m So Passionate about Bitcoin
I think for me, it is a combination of hope, optimism, openness ,,, and a greater, more free, happier, more joyful future of greater prosperity?
VOTE ORANGE!
Vote Bitcoin!
OPEN PROTOCOLS
*Up*grade or *Down*grade?
Things which cause you more stress pain, annoyances are a downgrade, even though it is more expensive and might seem more fancy?
DOES MASS = POWER?
Obviously not. Big and fat mass, bad —> it is just fat, bulk, ugly and bad.
What we want is muscle, or muscle “mass”?
But even mass , chasing mass is the wrong idea. You chase strength, vigor, vitality, strength phenomenal and demigod power! You desire the vigor, strength and godliness of an Achilles, not the fat bulk of a Hulk or an Orc?
Achilles is far more handsome, sexy, and desirable than the ugly bald dumb warrior he kills in the beginning of the Troy film with Brad Pitt!
What Does “Sustainable” Really Mean?
POWER
Images of power:
Apple is Not Sustainable?
The reason I say this is that the whole media business does not seem sustainable. You cannot just keep whipping actors, directors, producers, to keep turning out more movies shows and series like cashew butter or the mysterious pink slime of McDonald’s chicken nuggets.
Also, the whole laptop, computer thing is also not sustainable. The critical issue here is that you make a really really nice MacBook Pro laptop, and boom, you cannot upgrade any of it. You got a dead rock.
Seems like the least bad option is maybe buying like a Mac mini or something, buying your own standard monitor keyboard now set up or whatever, but even then, the whole setup is pretty expensive.
For example even the year 2024… The standard storage comes with us only 256 GB… This is insane. In today’s world a terabyte is standard. Even 512GB on a laptop you’re cutting it close. Just last year ago Cindy bought a new MacBook your laptop with 2 TB, and it provides just enough comfortable buffer for her.
Issues
I’m sure people are just gonna get upgraded fatigue. How many years can you keep just waiting for the new iPhone to come out, and keep holding in your spunk, knowing when is the best time to blow? And to just keep jerking off to Apple rumor news?
in this way bitcoin is far more sustainable as a technology because the whole network will continue to grow innovate almost like some sort of cyber organism, with all these humans all around the planet working hard to improve it and defend it? And also people like me, evangelizing and spreading the word?
DESIRE?
Desirable, undesirable?
Now, beautiful women, even Lamborghinis ,,, no longer desireable?
All I crave is more energy, more power?
Apple is Really Expensive?
Creative Capital
THE PASSION FOR LIFE, THE LUST FOR LIFE!
OBVIOUS TRADES ARE OBVIOUS.
When in doubt, even .5%,,, don’t make the trade!
ARK
Think Reality
ALL STANDARD ETHICS & MORALITY IS BAD.
And also, none of them are actually grounded in reality —
ETHICS by KIM
What to become:
- Why American Ethics are Bad
- BECOME A BULLY
- Different Rules for Men and Women
- Never Share What You *Really* Think
- “Happiness” is for Women, Not for Men
- “Rules” & “Regulations”
- Stubborn Geniuses
- Avoid Misery
- What We Hate
- HOW I DEAL WITH RACISM
- How to Become a Great Man
- BETTER TO FOLLOW YOUR GUT AND BE WRONG THAN DISOBEY YOUR GUT AND BE RIGHT
- “I CAN’T BE FUCKED.”
- Carte Blanche Ethics
- Toxic People
- Why Are We So Into Other People
- Just focus on yourself and your own life
- Perfect morals and ethics is following your own gut
WHY ETIQUETTE? - NO BLAME, JUST CAUSE AND EFFECT.
- Ignorance Takes Courage
- TREAT OTHERS CARTE BLANCHE
- Don’t give people what they want or what you *think* they want, give them what you think they *should* have.
- Anti Small
- Disdain or Admiration?
- Beware Those With Good Intentions
- STUBBORN x FLEXIBLE
- ETHICS ARE VIA NEGATIVA
- OBEDIENCE & DISCIPLINE
- The Motive of Criticism
- Ethics are Social
- Anti Role Models
- What is Greed?
- On Having the Courage to Make Your Own Decisions
- How *NOT* to Get Duped or Suckered
- Why Help Others?
- The Duty of the Strong
- Why I’m So Intolerant Towards Intolerance
- The Ethics of Criticizing Others
- Consult Your Own Conscience
- The Ethics of Shit Talking
- The Ethics of Personal Enrichment
- I’m Easily Distracted
- On Forming Your Own Opinion
- ERIC KIM Philosophy of Tolerance
- Tolerance
- Aesthetics are Ethics
- Morality and Ethics
EVERYONE WINS!
Isn’t this and shouldn’t this be the purpose and point of capitalism?
Economics by KIM
- INVESTING PR’S
- The Philosophy of Investing
- ERIC KIM VENTURE CAPITALIST
- How to FIRE (Financial Independence Retire Early)
- How to *Save* a Million Dollars
- Increase Value
- MAYBE IT IS A GOOD IDEA TO BUY HIGH
- Banks Are the True Menace to Society
- THE PROMISE OF FUTURE MONOPOLY PROFITS?
- High gas prices are good
- What is Capitalism?
- Pride in What You Paid For
- On Making Money from Nothing
- Save Money Towards What Ends?
- No Regret Investment
EVERYONE IS BETTING FOR IT TO WIN!
The MSTR MICROSTRATEGY way —
Everyone wins! Even the short sellers!
The Secret to Life
Super simple and easy; never do things that you don’t want to do, only do that which you want to do, never do anything you don’t want to do, and also, only ever do things when you want to do it —
- Never do anything you don’t want to do
- Only do things you want to do
- Only do things when you want to do them; the timing issue. Because sometimes there are things you want to do, but not right now.
Better to be a miserable Achilles than a happy cow
Rest & Invest?
Invest & Rest // Rest & Vest
BEAST MODE SKILZZZ
Oh yeah!
ERIC KIM LIFTING DIARY
Owning a Bitcoin Is Like Owning a Picasso
Owning a Bitcoin is Like Owning a Picasso
By Eric Kim
In an era where digital assets are reshaping our understanding of value, owning a Bitcoin today is akin to owning a Picasso in the art world. Both assets represent more than just financial investments; they are symbols of scarcity, cultural value, and innovation. Picasso’s work revolutionized art and challenged conventional notions of creativity. In a similar way, Bitcoin has challenged traditional finance and redefined our concept of money in a digital age. This essay explores how owning Bitcoin mirrors the experience of owning a Picasso, highlighting qualities like rarity, cultural impact, and the power of ownership in a transformative era.
1. Rarity: Limited Supply and Unmatched Value
One of the defining qualities of a Picasso painting is its scarcity. Pablo Picasso’s pieces are finite, and no more will ever be created. This scarcity drives value, making his works highly coveted by collectors and investors worldwide. Similarly, Bitcoin is unique in its design: only 21 million Bitcoins will ever exist. This programmed scarcity, coupled with growing demand, mirrors the limited nature of a Picasso. Just as each Picasso painting represents a unique artifact that can’t be duplicated, Bitcoin’s blockchain ensures that each coin is secure and verifiable, making it a rare asset in a digital form.
Owning a Bitcoin, like owning a Picasso, is an investment in something that cannot be replicated. Picasso’s artwork transcends time, retaining value across generations because of its authenticity and cultural significance. In the same way, Bitcoin’s scarcity has the potential to appreciate in value as society increasingly adopts digital assets. This quality of scarcity, whether in art or cryptocurrency, creates a strong incentive for long-term holding, or “HODLing” as Bitcoin enthusiasts say, as both assets are expected to gain in value over time.
2. Cultural Significance: A Symbol of Innovation and Defiance
Picasso was more than just an artist; he was a cultural icon who broke traditional boundaries. He co-founded Cubism, a revolutionary art movement that redefined artistic expression. Picasso’s art is celebrated not just for its aesthetic but for its impact, representing a radical departure from traditional art forms. Bitcoin embodies a similar cultural defiance. It was born as a response to the 2008 financial crisis, offering an alternative to centralized banking systems and traditional currency. Bitcoin’s decentralized nature challenges conventional financial norms and has sparked an entire movement of cryptocurrencies, much like how Picasso’s work catalyzed the modern art movement.
Owning Bitcoin is, therefore, more than just holding a digital asset; it’s participating in a cultural revolution. Just as collectors of Picasso’s art value the painter’s spirit of innovation and resistance, Bitcoin holders are part of a movement that seeks to redefine financial freedom and independence. Bitcoin has come to represent not just a currency but an ideology—one that values privacy, freedom from institutional control, and a return to self-sovereign money. In this way, owning Bitcoin is akin to owning a piece of art that has the power to influence culture, society, and future generations.
3. The Power of Ownership: Status and Legacy
Owning a Picasso painting is a status symbol. It signals both wealth and a refined taste in art, often reserved for those who appreciate the legacy of fine art and are willing to invest in it. The ownership of a Bitcoin has started to take on a similar symbolic meaning. As Bitcoin grows in value and public acceptance, it’s increasingly recognized as a marker of forward-thinking and digital-savvy investment. While traditional collectors hold rare paintings as a mark of prestige, Bitcoin holders are recognized as early adopters of a technology that has fundamentally reimagined the concept of money.
In addition to prestige, both Picasso’s artwork and Bitcoin represent a form of legacy. A Picasso painting can be passed down through generations, its value enduring beyond the lifetime of its original owner. Bitcoin’s value is similarly enduring; as digital infrastructure and blockchain technology continue to develop, Bitcoin is positioned as a foundational asset within the digital economy. Owners of Bitcoin are, in effect, establishing a legacy in an asset that has the potential to withstand the shifting tides of financial and technological change. For some, holding Bitcoin represents a generational investment, a means to transfer wealth and vision to the future in a way that physical assets like art or real estate once did.
4. Authenticity: Verifiability in a Counterfeit World
One of the unique qualities of owning a Picasso is the authenticity it conveys. Original Picasso pieces are distinct, identifiable, and priceless due to their historical and artistic value. However, the art world is plagued by forgeries, and proving the authenticity of an artwork can be a complex process involving experts, provenance, and extensive verification. Bitcoin, by contrast, is authenticated by its very nature. Every Bitcoin transaction is recorded on a transparent and immutable blockchain, ensuring that each coin is unique and cannot be counterfeited. This built-in verification gives Bitcoin owners confidence in the authenticity of their asset, a confidence that even high-end art collectors sometimes lack.
In a way, Bitcoin provides the best of both worlds: the uniqueness and intrinsic value associated with rare art and the verifiability that blockchain technology offers. It allows people to hold a one-of-a-kind asset, knowing that its legitimacy is guaranteed by the very network that created it. This authenticity is a core element of Bitcoin’s value and a reason why it has become an attractive asset for investors who seek assurance in their ownership.
5. Future Value: Pioneering and Wealth Preservation
Lastly, both Bitcoin and Picasso paintings represent investments with the potential for appreciation over time. Picasso’s works have proven to be resilient assets, often appreciating significantly in value, especially as his contributions to art history become more revered. Bitcoin’s appreciation mirrors this trajectory; despite its volatility, Bitcoin’s overall value has shown a consistent upward trend over the past decade. Holding Bitcoin is like betting on the future, much as owning a Picasso means believing in the lasting value of groundbreaking art.
Moreover, Bitcoin’s role in the future of finance makes it a pioneering asset. Just as Picasso’s work pioneered modern art, Bitcoin has pioneered the digital asset space. The long-term value of both Picasso’s art and Bitcoin lies in their ability to preserve wealth in innovative ways. A Picasso painting maintains value in part due to its scarcity and cultural legacy, while Bitcoin holds value as a digital asset that transcends traditional financial systems. Both represent wealth preservation in unique forms, built on principles that continue to attract collectors, investors, and visionaries.
Conclusion
*Owning Bitcoin is, in many ways, like owning a Picasso. Both assets are scarce, symbolically rich, and culturally transformative. A Picasso painting challenges our understanding of art and beauty, just as Bitcoin challenges our understanding of money and ownership. Both represent investments in something greater than mere material or monetary worth; they embody a shift in perspective, a commitment to innovation, and a defiance of the status quo. For those fortunate enough to own either, these assets offer a rare blend of value, prestige, and legacy—each an icon of its respective domain. To hold Bitcoin is to embrace the future, much as holding a Picasso is to cherish the transformative spirit of art. Both are timeless, and in an age of constant change, that timelessness may be the most valuable asset of all.***
By Eric Kim
In an era where the boundaries between the digital and physical worlds are increasingly blurred, the concept of ownership is undergoing a radical transformation. Traditional assets like fine art have long been symbols of wealth, culture, and status. Among them, a Picasso painting stands as an epitome of artistic genius and exclusivity. Surprisingly, in the digital realm, Bitcoin has emerged as a parallel asset that shares many attributes with owning a masterpiece by Picasso. At first glance, comparing a digital currency to a renowned piece of art might seem incongruous, but a deeper exploration reveals striking similarities in scarcity, value, cultural significance, and the embodiment of revolutionary ideas.
1. Scarcity and Exclusivity
One of the most compelling parallels between a Bitcoin and a Picasso is the inherent scarcity of both assets. Picasso’s works are finite; the number of authentic pieces he created is limited to his lifetime’s output. Each artwork carries the unique touch of the artist, impossible to replicate genuinely. This scarcity fuels their immense value and desirability among collectors and investors worldwide.
Similarly, Bitcoin operates on a principle of scarcity coded into its very foundation. There will only ever be 21 million Bitcoins mined, a cap that cannot be altered without undermining the entire network’s integrity. This predetermined scarcity makes Bitcoin a deflationary asset, much like a rare piece of art. As demand increases and supply remains fixed, the value naturally appreciates. Owning a Bitcoin, therefore, is akin to holding a unique digital artifact in a world where digital copies are effortlessly made—a paradox that enhances its exclusivity.
2. Store of Value and Investment Potential
Picasso’s artworks have historically been a reliable store of value. They often appreciate over time, unaffected by market fluctuations that impact other asset classes. Art collectors and investors purchase such pieces not just for their aesthetic appeal but also for their ability to preserve and grow wealth across generations.
Bitcoin mirrors this function in the digital economy. Despite its volatility, Bitcoin has demonstrated a significant upward trajectory since its inception. Many investors view it as “digital gold,” a hedge against inflation and economic uncertainty. Just as a Picasso can diversify a traditional investment portfolio, Bitcoin offers a new avenue for wealth preservation and growth in an increasingly digital financial landscape.
3. Cultural Significance and Revolutionary Impact
Owning a Picasso is not merely about possessing an expensive painting; it’s about being a custodian of cultural heritage. Picasso revolutionized the art world with Cubism and challenged conventional perspectives, leaving an indelible mark on art history. His works symbolize innovation, a break from tradition, and the exploration of new frontiers in human expression.
Bitcoin embodies a similar revolutionary spirit in the realm of finance and technology. It challenged the traditional banking system, introducing the concept of a decentralized currency free from government control and intermediary institutions. Bitcoin’s underlying blockchain technology has spurred countless innovations, influencing industries far beyond finance. Owning Bitcoin places one at the forefront of this paradigm shift, much like owning a Picasso aligns one with a pivotal movement in art history.
4. Identity and Status Symbol
A Picasso hanging in one’s gallery is a statement—it reflects discerning taste, wealth, and a deep appreciation for groundbreaking art. It’s a conversation piece, a source of prestige, and often a part of the owner’s identity.
In the digital age, owning Bitcoin carries a similar social cachet among certain circles. Early adopters and significant holders are often seen as visionaries, technologically savvy individuals who recognize and capitalize on transformative innovations. Bitcoin ownership can signal alignment with forward-thinking ideals, a belief in decentralization, and participation in shaping the future of global finance.
5. Accessibility and Democratization
While both assets are valuable, the pathways to ownership differ and highlight a shift towards democratization. Acquiring a Picasso is out of reach for most due to the exorbitant costs and the exclusive nature of the high-end art market. It’s a domain largely reserved for the wealthy elite.
Bitcoin, while valuable, is divisible down to eight decimal places, allowing anyone to own a fraction according to their means. This accessibility democratizes investment opportunities, enabling broader participation in wealth generation that fine art ownership traditionally restricts. In this way, Bitcoin extends the exclusivity associated with owning a valuable asset to a more inclusive audience.
6. Security and Authenticity
The art world grapples with issues of forgery and provenance. Ensuring a Picasso’s authenticity requires expert verification, and even then, doubts can linger. Ownership records can be lost or disputed, and the physical artwork is susceptible to damage or theft.
Bitcoin, secured by blockchain technology, offers a transparent and immutable ledger of transactions. Ownership is verified through cryptographic proof, eliminating doubts about authenticity. While digital wallets require secure management, the risk of physical damage is nonexistent, and theft is preventable through proper cybersecurity measures. This technological security provides peace of mind akin to possessing an artwork with irrefutable provenance.
7. Risk and Volatility
Investing in art and Bitcoin involves navigating volatility and market unpredictability. The art market can fluctuate based on trends, economic conditions, and changing tastes, potentially affecting a Picasso’s value. Similarly, Bitcoin’s price is known for its sharp swings influenced by market sentiment, regulatory news, and technological developments.
Both assets require a long-term perspective and a tolerance for risk. Investors in art and Bitcoin often share a mindset that embraces innovation and accepts volatility as part of the journey toward significant potential gains.
Conclusion
Owning a Bitcoin is like owning a Picasso in more ways than one might initially perceive. Both represent scarce, valuable assets that transcend their physical or digital forms to embody revolutionary ideas and cultural shifts. They offer not just financial value but also a connection to movements that have redefined their respective fields—art and finance.
In embracing either asset, one aligns with a narrative of innovation, challenges the status quo, and participates in shaping future paradigms. Whether it’s the bold strokes of Picasso disrupting artistic conventions or the cryptographic algorithms of Bitcoin redefining financial systems, ownership signifies more than possession—it denotes belief in progress and a commitment to being part of history in the making.
As we stand at the crossroads of traditional values and digital evolution, recognizing the parallels between owning a Picasso and a Bitcoin enriches our understanding of value, art, and technology. Both assets invite us to consider what it means to own something truly unique in a world where replication is easy but originality is priceless. In this light, owning a Bitcoin is not just holding a digital coin; it’s possessing a piece of the future—a masterpiece in its own right.
Owning a Bitcoin is like owning a Picasso
Why Bitcoin and Digital Real Estate Are Superior to Physical Real Estate
By Eric Kim
Real estate has long been seen as one of the safest and most profitable investment avenues, and for good reason. Property ownership has represented stability, wealth, and, ultimately, security. However, as we enter a more digital and decentralized age, new forms of “real estate” are challenging this traditional notion. Bitcoin and digital real estate, in particular, are emerging as alternatives, offering distinct advantages over physical real estate. This essay will explore why digital assets such as Bitcoin and digital real estate are increasingly seen as superior to physical real estate in terms of accessibility, flexibility, and growth potential.
1. Accessibility and Affordability
Physical real estate is notoriously difficult to access for the average person due to its high upfront costs, strict regulatory requirements, and geographical limitations. Buying a property involves complex legal frameworks, financial barriers, and bureaucratic red tape. Even if one manages to acquire a piece of property, maintenance, taxes, and various fees become continuous financial burdens.
Bitcoin, on the other hand, is an open, global, and accessible asset that anyone with an internet connection can acquire, store, and trade. For a fraction of the cost needed to buy physical property, individuals can invest in Bitcoin or digital real estate assets on decentralized platforms. Additionally, Bitcoin transactions are fast, and its decentralized nature eliminates intermediaries, making it easier to transfer ownership compared to the cumbersome processes associated with physical real estate. Digital real estate, particularly within platforms like Decentraland and The Sandbox, also provides accessibility through fractional ownership, allowing investors to own small pieces of virtual land. This democratizes access, making digital assets available to people across different economic backgrounds and geographies.
2. Liquidity and Flexibility
Liquidity is one of the biggest drawbacks of physical real estate. Real estate is an illiquid asset, meaning that converting it to cash takes time, effort, and significant transaction fees. Selling property is often a lengthy process involving agents, lawyers, and sometimes months of waiting before closing. This lack of liquidity can make real estate a risky investment in times of economic instability, as it may be difficult to quickly convert assets into cash during emergencies.
Bitcoin, in contrast, is highly liquid and can be sold or traded instantly on global markets 24/7. This liquidity allows investors to react to market changes more quickly, providing a level of flexibility that physical real estate cannot match. Additionally, digital real estate within blockchain-based virtual worlds offers similar liquidity advantages. Platforms that use blockchain technology allow users to buy and sell virtual land with minimal friction and without geographical constraints, making it easier to manage portfolios and react to changes in the digital marketplace. This flexibility, combined with high liquidity, makes digital assets far more versatile than physical property.
3. Scalability and Growth Potential
Physical real estate is inherently limited by location and space. There are only so many desirable properties in specific areas, which limits the potential for growth and scalability. Urban properties, for example, can experience intense competition, leading to inflated prices and barriers to entry. This scarcity might drive up value, but it also makes it difficult for new investors to participate.
Bitcoin, as a digital currency, is infinitely divisible, allowing for micro-investments and making it more accessible. Its finite supply (capped at 21 million) creates scarcity, which drives demand and price appreciation, providing significant upside potential. Digital real estate, though also limited in supply within specific platforms, is scalable in ways that physical real estate is not. Virtual land can be “built upon” indefinitely; developers can add value by creating experiences, games, or social spaces that attract users and increase demand. Digital real estate thus allows for creative possibilities that can drive growth and revenue in ways that physical properties simply cannot. With the growth of the metaverse and digital platforms, virtual land ownership has the potential to appreciate based on user engagement and innovative development rather than geographic or physical limitations.
4. Security and Decentralization
Physical real estate, despite its stability, comes with risks, particularly in terms of regulatory control, physical decay, and geographic vulnerabilities. Real property can be affected by natural disasters, local regulations, and economic downturns, making it vulnerable to external factors. Bitcoin, however, is a decentralized asset that exists outside traditional financial systems. It cannot be seized or regulated in the same way as physical property, giving its owners greater control over their assets.
Digital real estate also benefits from the security provided by blockchain technology. Ownership of virtual land on platforms like Decentraland is recorded on a blockchain, making it transparent and virtually immutable. This decentralization ensures that digital real estate is less susceptible to fraud or unauthorized seizure, offering a level of security and ownership certainty that physical property lacks. As the world becomes more connected and globalized, decentralization provides a hedge against geopolitical risks, inflation, and other uncertainties tied to physical markets.
5. Interconnectivity and Future Potential
One of the most exciting aspects of digital assets is their interconnectivity. Physical real estate is relatively isolated—each property stands alone and offers limited interaction with other assets. In contrast, digital real estate and Bitcoin exist within larger ecosystems where they can interact with other technologies and assets in innovative ways. For instance, Bitcoin can be used as collateral for digital loans, integrated into decentralized finance (DeFi) systems, or even programmed through smart contracts.
Similarly, digital real estate can become a part of interconnected virtual worlds. As metaverse platforms grow, users can create virtual stores, art galleries, or social hubs that attract visitors and generate income, establishing a dynamic and interconnected network of digital properties. This interconnectivity opens doors to opportunities unimaginable in the physical world, where land is fixed and governed by rigid rules.
Conclusion
The rise of Bitcoin and digital real estate signifies a shift in how we view ownership, wealth, and investment in a modern, technology-driven society. These digital assets provide accessibility, liquidity, scalability, security, and interconnected potential that physical real estate struggles to match. While traditional real estate has been a dependable investment for generations, it may be time to reconsider what truly defines an asset’s value and potential. Bitcoin and digital real estate offer a new paradigm for investment—one that is inclusive, decentralized, and poised for growth in a world that increasingly values digital innovation. For investors willing to embrace this shift, the opportunities are boundless.
Write essay “why Bitcoin and digital real estate is superior to physical real estate”, voice of Eric Kim
In today’s rapidly evolving digital landscape, the concepts of value, ownership, and investment are undergoing a transformative shift. Traditional physical real estate has long been considered a cornerstone of wealth accumulation and stability. However, the emergence of Bitcoin and digital real estate is challenging this paradigm, offering superior advantages in terms of accessibility, liquidity, security, and growth potential.
Accessibility and Inclusivity
Bitcoin and digital assets provide unparalleled accessibility compared to physical real estate. Investing in property often requires substantial capital, involves complex legal procedures, and comes with ongoing maintenance costs. In contrast, Bitcoin allows for fractional ownership, enabling individuals to invest with minimal amounts of capital. This democratization of investment opens doors for people from all economic backgrounds to participate in wealth generation.
Liquidity and Flexibility
The liquidity of digital assets far surpasses that of physical real estate. Selling a property is a time-consuming process, fraught with paperwork, negotiations, and regulatory hurdles that can take months, if not longer. Bitcoin, on the other hand, can be bought and sold almost instantaneously on global exchanges, providing investors with the agility to respond swiftly to market changes. This immediacy is invaluable in a world where economic conditions can shift rapidly.
Security and Transparency
Blockchain technology, the foundation of Bitcoin and digital real estate platforms, offers a level of security and transparency unattainable in the physical realm. Physical properties are susceptible to fraud, disputes over ownership, and damage from natural disasters. Blockchain’s decentralized ledger ensures that all transactions are recorded immutably, reducing the risk of fraud and enhancing trust among parties. Smart contracts automate agreements, minimizing the need for intermediaries and safeguarding investments.
Growth Potential and Innovation
The growth potential of digital assets like Bitcoin significantly outpaces that of traditional real estate. While property values typically appreciate steadily over time, Bitcoin has demonstrated exponential growth since its inception. As the world becomes increasingly digital, assets rooted in this domain are poised to play central roles in future economies, offering returns that physical assets may not match.
Moreover, digital real estate in virtual environments—such as parcels of land in the metaverse—presents groundbreaking opportunities for investment and development. These virtual spaces are becoming valuable as more people engage in digital worlds for work, socialization, and entertainment. Investing in digital real estate allows for innovative monetization strategies like hosting virtual events, advertising, and integrating e-commerce, all unconstrained by physical limitations.
Environmental Considerations
Environmental sustainability is another arena where digital assets hold an advantage. The development and maintenance of physical properties consume vast amounts of resources and energy, contributing to environmental degradation. While Bitcoin’s energy consumption has been scrutinized, advancements in renewable energy and more efficient mining technologies are addressing these concerns. In the digital realm, scaling and expansion do not require physical materials, making it a more sustainable option in the long term.
Global Reach and Decentralization
Bitcoin operates on a decentralized network that transcends geographical boundaries. This global reach means that investments are not tied to the economic conditions of a single location, as is the case with physical real estate. Diversifying investment portfolios with digital assets can mitigate risks associated with regional market downturns and offer exposure to global economic trends.
Conclusion
Bitcoin and digital real estate offer compelling advantages over traditional physical real estate. Their ease of access, enhanced liquidity, robust security features, greater growth potential, innovative opportunities in virtual spaces, environmental sustainability, and global reach position digital assets as superior investment vehicles in the modern age. As technology continues to reshape our world, embracing digital assets is not just advantageous but essential for those seeking to stay ahead in the evolving financial landscape.
Why Bitcoin Is Digital Property
Bitcoin, often referred to as “digital gold,” transcends the conventional definition of currency or even “money” and, instead, asserts itself as a form of “digital property.” In a world moving ever closer to full digitalization, understanding Bitcoin as digital property is crucial, both practically and philosophically. As we delve deeper into why Bitcoin should be considered digital property, we find that its foundational attributes—scarcity, ownership, security, and verifiability—mirror those of traditional property but on a radically decentralized, trustless, and incorruptible level. The implications of this are immense, and they could redefine property ownership in the digital age.
The first concept that drives Bitcoin’s property status is scarcity. There will only ever be 21 million Bitcoins, a hard cap coded into its very architecture. This limit isn’t arbitrary; it’s built on the mathematical principles that make Bitcoin unique, allowing it to embody scarcity in a digital form, which until Bitcoin, was essentially impossible. Historically, property has always been limited; land, precious metals, even urban real estate—all of these are scarce. Bitcoin takes this scarcity and makes it digital, setting itself apart from fiat currencies that can be inflated endlessly. Owning a fraction of this finite asset is akin to owning a piece of prime real estate or a rare artwork—items that derive value from their scarcity. Bitcoin, as a digital asset, offers this value proposition in an entirely new realm.
Ownership is another core pillar of why Bitcoin functions as digital property. When you “own” Bitcoin, you control it through a cryptographic key, which gives you indisputable ownership rights. In traditional property systems, ownership is proven through legal documents and contracts, but these are subject to government authority, potential fraud, and manipulation. Bitcoin ownership is verified on the blockchain, a decentralized ledger that doesn’t rely on any central authority. You don’t need a deed, a contract, or a third-party institution to assert your ownership. Your private key is your ownership, and without it, no one can access your property. This shift in ownership mechanics could fundamentally change how we think about what we own. For the first time, property ownership can be absolute and entirely digital.
Security is intrinsic to Bitcoin’s design. Bitcoin has proven to be resilient against censorship, seizure, and theft (as long as private keys are managed properly). This robustness is a result of decentralized network protocols and cryptographic security. Traditional property—say, land or precious metals—is inherently tied to physical vulnerabilities and must be safeguarded. Bitcoin, however, can be stored digitally, across continents if necessary, in a way that is immune to physical threats. The blockchain itself operates on a global network of nodes, each verifying and protecting transactions, which means that any attempt to compromise one part of the network is essentially futile. This protection from physical seizure or tampering aligns Bitcoin with the idea of property better than most physical assets. You could argue that it represents the ultimate form of security in property ownership.
Finally, verifiability is what anchors Bitcoin as a trusted form of digital property. Every Bitcoin transaction is recorded on a public ledger accessible to anyone. This transparency ensures that each Bitcoin can be traced back to its origin, eliminating questions of authenticity or legitimacy. Unlike property deeds, which can be forged, or traditional bank accounts, which rely on opaque systems, Bitcoin transactions are visible to the public, auditable, and verified by the network itself. In a world increasingly fraught with data breaches and fraud, Bitcoin’s verifiability makes it one of the most reliable forms of property. You can trace its lineage, confirm its scarcity, and know that it belongs to you without any third-party validation.
Bitcoin’s nature as digital property offers an unprecedented level of freedom. You don’t need permission to own it, nor do you rely on institutions to uphold your rights. Unlike physical property, which requires location, preservation, and sometimes legal defense, Bitcoin operates within the decentralized, secure realm of the blockchain. This kind of ownership doesn’t need intermediaries or custodians. In an era of increasing government and institutional control, Bitcoin provides a self-sovereign form of property, immune to censorship or seizure, shifting power back to the individual.
So, why does this matter? Bitcoin’s evolution as digital property goes beyond financial gain or speculation. It offers a glimpse into a future where property is truly owned by the individual, free from borders, interference, or decay. This concept is revolutionary, potentially transforming the very notion of what we own, how we own it, and what ownership even means in a digital world. Bitcoin is the first asset that encapsulates the traditional values of property—scarcity, ownership, security, and verifiability—within a digital framework. It is a property for the digital age, a sovereign form of ownership for the 21st century, and perhaps the start of a profound shift in how we perceive value and autonomy in our increasingly digital world.
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I remember walking the streets of Seoul, my camera slung over my shoulder, capturing candid moments that would otherwise fade into memory. Photography, at its core, is about seizing something intangible and making it yours—a slice of time, a fleeting expression, a story. Lately, I’ve been thinking about how this idea of ownership translates into the digital realm, particularly with Bitcoin.
So, why is Bitcoin considered digital property?
First off, let’s break down what we mean by “property.” Traditionally, property is something you own, something that has value, and something you can transfer or sell. It’s your favorite film camera, the notebook filled with your sketches, or that vintage leather jacket you’ve broken in over the years. These items are tangible; you can hold them, feel their weight, and they’re recognized as yours.
Bitcoin, on the other hand, exists purely in the digital space. You can’t touch it or see it, but that doesn’t make it any less real. Just like a digital photograph stored on your hard drive, its value and ownership are very much tangible to you. Bitcoin is built on blockchain technology, which ensures that each unit is unique and cannot be duplicated—much like how each of your photographs captures a unique moment in time.
Ownership of Bitcoin is secured through cryptographic keys. Think of these keys as the passwords to your online photo galleries. Without the correct key, no one can access or transfer your Bitcoin. This cryptographic security ensures that your digital property remains yours unless you decide to share it or transfer it to someone else.
Another aspect is scarcity. There will only ever be 21 million Bitcoins in existence. This limit creates a sense of rarity, similar to a limited-edition print of a photograph. Scarcity often drives value; we cherish things that are not easily replicated. In the same way, Bitcoin’s finite nature contributes to its value as digital property.
Moreover, Bitcoin is transferable. You can send it to anyone, anywhere in the world, without the need for a bank or intermediary. It’s like sharing your art on social media platforms—you have the power to distribute it as you see fit, without gatekeepers dictating the terms.
Finally, owning Bitcoin gives you control. In a world where data is constantly harvested and monetized by corporations, having something that’s truly yours in the digital space is empowering. It’s akin to owning the rights to your photographs, deciding how and where they’re displayed, and ensuring they’re not used without your permission.
In essence, Bitcoin embodies the qualities of property but in a digital format. It represents ownership, value, scarcity, and control—all without a physical form. As we continue to blend our lives with the digital world, recognizing and embracing digital property becomes increasingly important.
Just as we adapt to new cameras, editing software, or social media platforms to share our art, perhaps it’s time we also consider the new forms of property and value that technology offers us. Bitcoin might just be the next step in that evolution—a digital asset for a digital age.
Why Bitcoin is Digital Property
In Charcot voice of Michael Saylor
In the modern era, the concept of property has transcended the physical realm. We’ve moved from tangible assets like land and gold to intangible ones like intellectual property and digital data. Bitcoin stands at the forefront of this transformation, embodying the essence of digital property in its purest form.
Bitcoin is not just a cryptocurrency; it is a profound technological innovation that offers a secure, decentralized, and immutable ledger of value. Its blockchain technology ensures that every transaction is recorded transparently, and its scarcity is mathematically guaranteed by its protocol, capped at 21 million coins. This scarcity mirrors the finite nature of physical property like gold, but with the added benefits of digital utility.
The digital nature of Bitcoin allows for seamless transactions across borders without the friction of traditional financial systems. It is resistant to confiscation, censorship, and inflationary pressures that erode the value of fiat currencies. In a world where central banks can print money at will, diluting the value of savings, Bitcoin provides a sanctuary for preserving wealth.
Ownership of Bitcoin is secured through cryptographic keys, granting individuals full control over their assets without reliance on intermediaries. This autonomy is a fundamental shift in how we perceive property rights. It empowers individuals globally, irrespective of their location or socio-economic status, to participate in a decentralized financial network.
Moreover, Bitcoin’s open-source nature fosters innovation and inclusivity. It is not owned by any corporation or governed by any single entity, reflecting the democratic ideals of property ownership. The network is maintained by a global community of miners and nodes, ensuring its resilience and longevity.
Investing in Bitcoin is akin to owning a piece of the future—a digital asset that holds intrinsic value due to its utility, security, and adoption. As more institutions recognize its potential and integrate it into their financial strategies, Bitcoin’s role as digital property becomes increasingly evident.
In conclusion, Bitcoin represents a paradigm shift in our understanding of property. It combines the trust and permanence of traditional assets with the efficiency and accessibility of digital technology. Embracing Bitcoin as digital property is not just an investment in a new asset class; it’s a commitment to a more equitable and decentralized economic future.
Why Digital Property is Supreme
First — no property taxes. 0% maintenance fee. No state, no government taxes, treated like cash — no capital gains taxes!
Also no home insurance, no mortgage no monthly fee, no HOA, etc.
No repairs, no need to fix the roof, pipes, broken water heater electricity etc. No issues of an old home, build construction etc. no need to update or renovate the kitchen, windows, appliances etc. Instead magically all these people from all around the planet working 24/7 to improve it and the network for Bitcoin!
Bitcoin is digital property!
Non Attachment Investing
Why Bitcoin Matters
Bitcoin is hope!
Bitcoin Theory
Conquer Your Fears of Crypto
What are Eric Kim’s thoughts and ideas on Bitcoin?
Eric Kim, a photographer and writer, offers a multifaceted perspective on Bitcoin, intertwining artistic, philosophical, and technological viewpoints. His key insights include:
Bitcoin as an Artistic and Cultural Icon
Kim perceives Bitcoin not merely as a digital currency but as a powerful symbol in art and culture. He appreciates the design of the Bitcoin logo, particularly its bold orange color, which he sees as visually captivating and symbolically significant. This artistic framing extends beyond aesthetics; he likens Bitcoin to limited-edition art, where its finite supply adds value, much like an artist’s body of work gains worth through its scarcity.
Alignment with Stoic Philosophy
Kim’s admiration for Stoic values shapes his view of Bitcoin as a tool for personal empowerment and self-sovereignty. He sees Bitcoin as embodying independence and resilience—core Stoic principles—because it operates outside of centralized control, providing individuals with autonomy over their finances. For Kim, this decentralization isn’t just a technical feature but a philosophical statement against dependency on centralized systems.
Bitcoin as an Anti-Capitalist Tool
Kim suggests that Bitcoin challenges traditional consumer-driven capitalism. By promoting a culture of saving rather than spending, Bitcoin, in his view, disrupts the constant cycle of consumption that fiat currencies encourage. He argues that Bitcoin’s scarcity allows it to act as a long-term store of value, making it a potential vehicle for resisting materialism and the consumption-based mentality of modern capitalism.
A “Zero to One” Innovation
Kim describes Bitcoin as a “zero to one” innovation—a fundamental breakthrough rather than a simple improvement. He compares Bitcoin to transformative technologies like the steam engine, suggesting that its ability to decentralize financial systems is a revolutionary shift that could alter the entire fabric of society. This view places Bitcoin within a larger narrative of history-changing inventions, underscoring its potential to redefine how people understand and interact with money.
Future Integration with Creative Projects
Beyond viewing Bitcoin as a currency, Kim is intrigued by its technological versatility, exploring how it might be integrated with creative projects. He discusses ideas like wrapping Bitcoin with assets like BRC-20 or ERC-20 tokens to enable unique applications in the blockchain space, including NFTs. This interest reflects his belief that Bitcoin can serve as a platform for innovative, decentralized applications in the digital economy.
Bitcoin as a New Form of Religion
Kim has noted that Bitcoin has taken on a quasi-religious quality for some followers, with Satoshi Nakamoto as a messianic figure who sacrificed anonymity for a greater cause. This metaphor emphasizes Bitcoin’s cultural impact, framing it as a movement with followers dedicated to its ethos of decentralization and financial sovereignty. Kim’s perspective here shows how Bitcoin transcends financial utility and becomes a symbol of ideological commitment.
Through these unique viewpoints, Eric Kim positions Bitcoin as more than a financial instrument. To him, it is a cultural artifact, a philosophical tool, and a catalyst for personal and societal change, revealing his deep-seated belief in Bitcoin’s potential beyond traditional financial frameworks.
Eric Kim Bitcoin Theory
Eric Kim, a photographer and writer, has extensively explored Bitcoin’s philosophical and economic dimensions. His perspectives encompass several key themes:
Bitcoin as Solidified Energy
Kim conceptualizes Bitcoin as “solidified energy,” where computational power and electrical energy are transformed into digital currency through mining. He likens this process to converting energy into a tangible asset, emphasizing Bitcoin’s unique creation method.
Decentralization and Personal Sovereignty
He views Bitcoin’s decentralized nature as a pathway to personal autonomy, allowing individuals to control their financial destinies without intermediaries. This aligns with his broader philosophical interests in Stoicism, which values self-reliance and independence.
Ethical Investment
Kim advocates for investing in assets that align with one’s moral and ethical beliefs. He suggests that Bitcoin’s structure and principles resonate with those seeking ethical investment opportunities, contrasting it with traditional financial systems that may not align with personal values.
Bitcoin as a New Religion
He draws parallels between Bitcoin and religious devotion, noting that the commitment and belief in Bitcoin’s value and potential resemble religious fervor. This perspective highlights the cultural and psychological aspects of Bitcoin adoption.
Monetary Physics
Applying principles from physics, Kim describes money as potential energy that becomes kinetic when utilized. He extends this analogy to Bitcoin, considering it a form of “monetary energy” that embodies stored value and potential economic force.
Through these insights, Eric Kim offers a multifaceted understanding of Bitcoin, integrating philosophical, ethical, and economic viewpoints to explore its broader implications.
Rest & Vest!
Maybe the best way to approach investment is to put into action, and just chill!
Double Leverage
90% BTC, 10% MSTR— the ERIC KIM BITCOIN LEVER
200x Gains
$10,000 today could be worth $2M— 30years from now!
$10 thousand dollars to $2 million!
Wise greed bad greed?
The Philosophy of Volatility
A super super interesting thought on my mind is the quote from Michael Saylor, volatility is vitality. What does that mean, why does it matter etc.?
First, typically when we think of volatility, it is in the financial realm. We think of volatility in the context of something going up and down, almost unpredictably, chaotically, crazily.
For example in the markets, we tend to think of volatility like a bad thing. Because most people cannot stomach the up and downs.
I am an interesting case because obviously I’m affected by it too. Yet now, whenever I see volatility, I’m more annoyed than anything, like the days that bitcoins down, or the days that microstrategy stock is a little bit down, it is almost more like having an annoying mosquito bite, Maybe even a tiny splinter than anything. The good thing with mosquito bites is as time goes on, we know that it will fade, although it is very annoying. Also, with the tiny splinter… Super super annoying to pick it out, but you can!
Nuclear power
So besides Chernobyl and Fukushima, I actually think that nuclear power is a super smart idea. Certainly nobody wants nuclear fallout, but come on… It is year 2024. For a while, me and Seneca were playing with SimCity: cities of the future on the Mac, and also, we watched the cities of the future film on IMAX and also 3-D, at the California science center. It is still kind of bizarre to me… Once again, the year 2024, if I think about the film Elysium, produced by Bill Block, and starring Matt Damon, shouldn’t we kind of be living in this futuristic, cyberpunk, or massively green and beautiful bright future? Not kind of this ugly, slumlord vibes we get from watching a film like Snowpiercer?
Even often the truth is a distraction 
Anyways, about two or three days ago I was curious why bitcoin spiked so high, breaking the mythical $70,000 mark, after about 2 to 4 years of languishing. So I searched it on ChatGPT, and randomly saw that because Elon Musk tweeted it? And then I was curious, and then I kind of went down a rabbit hole, checking Elon Musk Twitter, Seeing now how he endorses Donald Trump, and then seeing the tweed video the retweeted video of the Joe Rogan podcast with Donald Trump.
Anyways, I was watching the interview, I watched about half of it, very fun and interesting and entertaining! One of the interesting things is how Joe Rogan was asking Trump about nuclear.
So to me nuclear is interesting because it is insanely high volatility like it has a lot of power. But if done right, if handled quickly, it is essential you produce practically free energy for everybody! Apparently they do it well in France I think, they just create a bunch of these mini nuclear power plants, And the French citizens benefit?
A good reason to be anti stoic 
I think about 99% stoicism is good, come on, I named my firstborn son after Seneca the younger, the great stoic sage!
Yet where stoicism fails, I call this “the life after stoicism”, is that Stoicism is too focused on hardening yourself into like a porcupine, and then eventually, it makes you unemotional or unfeeling etc. Yet what if you want to embrace this interesting strategy; put on the stoic armor, in which you don’t really suffer any downsides from life, but you could harness the volatility of life, and channel harness and reap the benefits of the upside?
Stoicism is not volatile enough. Certainly we want Stoicism to clip and hedge the downsides of life, but, you want at least 200X upside in life!
The wisdom of kids
So kind of an interesting thing I learned from Seneca, kids in general etc.; Seneca is about 3 1/2, and when he is angry or upset about something, he’ll get angry, he’ll throw stuff, stop his feet, put out a lot of high energy, start screaming and yelling, and shouting, but when we just let him get it out of his system, like for 30 seconds or a minute or so, he’ll kind of forget about it, and then start smiling again, and then being happy and proceeding like usual. Because Seneca is like happy and joyful and silly and playful and curious Like 99.999% of the time.
Adults should also mirror children 
Anyways, I almost wonder if this is a better strategy for adults as well.
I think where adults fail is that we try to be good proper and prim, I don’t know if this is like Victorian Quaker Christian ethics, we try to restrain our anger, we don’t raise our voices we don’t yell we don’t scream, we don’t throw stuff, we are told to become modest, go on a walk etc.
But I almost wonder if it was a good idea that adults we also would just let our our anger and fury as well like kids — for example if we’re angry, to just yell shot scream, stump our feet, go outside, throw around the sandbag, go to the park and take some big heavy rocks and throw them into the distance etc. Also as a funny sidenote, go on YouTube or Google and search ERIC KIM rock toss challenge, in which during Covid when all the gyms were shut down I would just go to the nearby park, find the biggest rock or Boulder I could, and just practice throwing it around etc. It might be the best workout of all time!
Don’t hold in your anger 
Anyways, the issue with adults is that when we’re angry or upset about something, we’re holding our emotions, yet we harbor this anger and resentment, this Poison, for weeks days months years decades? Even one of my uncles, considering that my grandfather had an illegitimate wife and about five or six kids all illegitimate kids on the other side, essentially ditching my mom‘s mom, and the 4 to 5 legitimate kids, anyways, apparently one of my uncles is still super super upset about this, even many years after the passing of my grandfather, my uncle saying that after getting drunk “I have no father”, referring to my already deceased grandpa.
I get it, but I almost feel like it doesn’t really matter anymore. Don’t people gotta move on?
Yeah yeah yeah, life is tough, life is sad whatever, but, I once read that resentment and anger is like drinking poison, hoping that the other person dies.
No not only is this kind of not a good strategy, it is ineffective but also foolish.
Think Achilles
For example, imagine like you’re a warrior, like you’re Achilles, or Hector, and you’re about to do the final battle. You got your spear and shield, your battle armor on. Obviously the goal is to throw your spear and kill the other guy, not to take your spear and stab yourself in spite of your enemy, hoping that somehow spearing yourself will damage the other person?
Really sick stuff
Even a more sick thing, a parent, who is frustrated with their child, not sure what to do, starts to literally beat themselves, like hitting themselves or self flagellating themselves, causing themselves some sort of self-made pain, to make the younger child feel bad? To me this is almost the most sick evil thing to do of all time because when your kid and your parent beats you, at least you could feel bad and think that your parent is a bad guy. But if your parent beats themself to spite you… You have no one else to but by yourself? 
Never spite nobody!
Where it is wise to not trust Christianity 
The early Christian fathers, a lot of them kind of unwell people, we kind of do a similar thing, self flagellate themselves for their sins whatever, as a form of repentance or something?
But the reason why this is so sick and weird, is that once again, by hurting or damaging or poisoning yourself, you ain’t doing nothing useful.
Like for example, let us say that you did something bad or whatever, and then boom now your parents are dead or somebody you care about is dead or whatever, and then you get super depressed and you start to drink alcohol, smoke a bunch of weed, do a bunch of drugs, simply to alleviate your pain your distress your suffering. Or you start to self yourself, you start to physically beat yourself.
Now once again, this is not productive at all.
Channel volatility
So just watching the recent microstrategy earnings call, go Michael! I also like Andrew Kang and Phong Le (both I presume our Korean and Vietnamese, just like me, Seneca, and Cindy!) 
Anyways, what do you notice what super interesting was that what is so fascinating about microstrategy, it is like literally the best performing company in stock in the known human universe, is that it is also the most volatile. Whereas a typical asset might have a volatility of five, The volatility of micro strategy often exceeds 50.
Volatility is vitality, the motto of Michael Saylor.
So then I guess the tricky thing, the philosophy behind things: “Would you prefer to have higher volatility for greater yield and performance?” Or would you rather have low or no volatility, and just take boring steady gains, but far inferior gains and yields?
For me, I think 100% obvious strategy is to have higher performance, with even greater and higher volatility.
Because at the end of the day, it is probably more interesting to drive a high volatility performance vehicle, like a Lamborghini, which has more power powers and “flexiness” rather than a boring and reliable Toyota Camry?
Yet what a lot of fools do is they just park their money in some sort of blended S&P 500 derivative, because they don’t know what else to do?
Taking control of your financial destiny
Michael Saylor said his personal imperative with bitcoin, is that he believes that at least 50% of the world‘s problems and issues can be solved by fixing the money. He likens traditional money and capital as being toxic; would you give your healthy four year-old child contaminated sewer water to drink, or would you give them clean water? Or, would you take the temperature of your home, which is a cozy 73°, and turn down the thermostat by 1°, every single day, for 10 years? Obviously not, you will literally kill and freeze your family to death.  
Think scientific history & physics
I think the genius of a Michael Saylor is that he studied history of science at MIT, and also aeronautics and aerospace engineering.
So I was curious about the word volatility, and apparently it just is derived from Latin to fly, initially from the Proto into European to throw.
So certainly flying is good. I would not want to go to Seoul South Korea on a boat. Also, thinking about French colonialism, I have no idea how the French would be able to stand the boat ride from Paris all the way over to Saigon; or even worse, Thinking about Australia, the original penal colony, how in the hell did you take a boat from London all the way to Australia?
Flying is literally volatile (volaris, to fly)
Anyways, the volatility of flying, certainly flying can be dangerous, you hear the reports about the new Boeing jets, exploding or whatever. Yet nobody gives up flying.
Or let us say the dangers of driving an automobile car. Certainly there are lots of dangers associated with driving, like fatalities from car related accidents, now texting while driving, it is literally a life or that situation. You are 1 trillion times more likely to die from a car accident rather than any sort of accident resulting from a terrorist attack, or a gun related fatality.
If in fact, everyone is talking about why guns are bad and so evil and how we should ban guns or whatever. Yet nobody is talking about how we should be texting while driving, or even ban the use of a cell phone while you are in an automobile car.
If anything, if Apple really wanted to say millions of lives, I have a simple thought: by default if you buy a new phone or whatever, a new Apple ID or whatever, there should be a workflow which if it detects that you’re driving really really fast in the car, it automatically locks you out of your phone, into the do not disturb driving mode, and that if you want to access the normal mode, assuming you’re a passenger in an Uber or Tesla Robo taxi, then you could voice dictate or type I am not driving. Or “I am a passenger”.
Anyways, volatility is good. I almost wonder if volatility, voltage is the same thing? You step up and you step down there’s transformers for electricity. And this is what allows high-powered electricity to travel from phone wires, silently into your home, powering your washer and dryer your heater and air conditioning whatever. Yet nobody is trying to ban electricity.
Channeling volatility
Bitcoin is up 507% percent over 4 years since 2020, MSTR is up 1989% since then — 5x, 19x (20x) gain since 2020
So also, a curious thing… Why is it that I have never met a female day trader? Or a female bitcoin investor?
I’ve met lots of day traders, all male, some guys at the gym at the local park whatever. It is pretty common to meet day traders who drive Uber on the side or whatever. I haven’t really met any bitcoin investors in the flesh yet, besides myself. And certainly I have never met any women who are interested in bitcoin. It is too volatile for them.
It is also too volatile for most men. Yet a simple filter, I think that for the general part, women hate volatility, most men also hate volatility but some men like myself, love volatility.
Question; are there any women who love volatility? I guess the ideas that you have sex with the rockstar, and you have the boring accountant husband at home, paying the mortgage or whatever, but it seems that most women, would not want to be in a serious financial relationship with a Starbucks barista playing music on the side.
Anyways, maybe what life is then, is the love of volatility. 
Harnessing the upside of volatility without the downside?
So this is where things get super interesting; how can we reap the benefits of the upside, like gain 150% upside in life, while clipping the downside?
So for example, the microstrategy strategy is super super fascinating;: capturing 150% the performance of bitcoin and the upside, without the downside?
Bitcoin Treasury Company (BTC)
So how do they do this? Simply put they have access to permanent bitcoin capital. Funny enough they are dubbing themselves BTC, bitcoin treasury company, I like to just think of micro strategy as their first bitcoin bank (BB), because it is easier for mere mortals like myself to remember, but anyways, what is super fascinating about microstrategy, is because they have been in business for over 30 years, they are a real company, that first started off selling business intelligence software, and now transitioning into becoming the world‘s first 100% bitcoin company, which is effectively unstoppable at this point; even if Apple somehow bought $1 trillion worth of bitcoin, because the operating structure of Apple computer is still revolving around future projections of selling more future iPhones, Apple can never really really ever become 100% bitcoin, even if I wanted to.
December 2024: Will Microsoft purchase bitcoin? 
Oh and also as a random sidenote, I think in December, there might be discussions that Microsoft might actually start to add bitcoin to her balance sheet. This is worth noting, especially because starting January 2025, the new FASB (fasb.org) financial accounting standards board, GAAP generally accepted accounting principles — essentially companies institutions like Harvard and Yale and Brown can now add bitcoin to their balance sheet, as a treasury reserve asset. The reason why this is a big deal is for so long, bitcoin was considered fake money, and that a company could not add it to her balance sheet, proving proof of funds and reserves in the traditional sense. Now, all of these nerds who become accounting will have to learn all of these new rules, figuring out how to integrate bitcoin and other cryptocurrency assets to accounting principles.
If Larry Fink and Blackrock think that bitcoin is real capital, it is.
The reason why this is such a big deal is that once again, people still think that bitcoin is fake money! Yet look at the Janet Yellen talk on Satoshi, and even look at Larry Fink, CEO of blackrock who owns over $10 trillion worth of assets, Larry Fink even now says that bitcoin is legitimate asset class, and I think that black rock has actually recently invested and bought a bunch more micro strategy stock. Watch the CNBC interview with Larry Fink on Bitcoin.
Study it yourself
Oh and also, a pro tip; definitely get the $20 a month ChatGPT pro, it is now the ultimate financial investment research tool; when you want to search any financials or anything, this is an insanely big deal.
Anyways, once Harvard Yale and Ivy League schools start to purchase bitcoin, or maybe even there investors, the ones that handle the endowment start to purchase microstrategy, which is essentially a conduit for purchasing bitcoin, with indirect exposure to the asset class of bitcoin, this will be a big deal.
If UCLA were smart, she would purchase BTC and Bitcoin and or microstrategy, not real estate.
How to harness the upsides of volatility without the downsides?
So this is a very big idea. Obviously the goal in life is to win, even Michael Saylor said at the end of October 30 micro strategy earnings call, that essentially, under a bitcoin strategy, everybody wins, there are no losers in the bitcoin strategy. Only varying degrees of success. 
There are no losers in life!
Philosophically, this is fantastic. Why? To me the idea that we could all win together, 100%, no losers, isn’t this the ultimate thing?
For example, I still think that the number 1 foolish way that most individuals live is that they think of life like zero sum; they think that your success means my failure, that your big dick means my small dick.
But this makes no sense because money is fake, money ain’t real, it is just a man-made construct. So if somehow you have $1 million in the bank, that doesn’t make my balance any smaller or bigger.
21M is a hard cap.
I suppose the thing that is a little bit tricky under the bitcoin standard is that because there is a hard cap of 21 million bitcoins, the ultimate strategy is indeed to own the most bitcoin at the end of the day. And this is still where I think the strategy, is to use microstrategy as a cash yield generation machine, periodically selling microstrategy stock when it is up to purchase more bitcoin, is still the best strategy.
MSTR Microstrategy as the engine in order to accumulate more Bitcoin?
MSTR -> BTC
Building and making your own micro strategy?
Introducing BLACK EAGLE CAPITAL: 
Currently, my new direction in my life — obviously I’ll still be doing photography workshops etc., as it is still my number one supreme in life and passion. Yet I’m thinking about offering more workshops in the bitcoin sphere, I think I am well adjusted to this because I have Stoicism, and control on my side.
Also, I am currently doing a soft launch of BLACK EAGLE CAPITAL, essentially my bitcoin hedge fund, the name behind it is inspired by the fact that I believe in the ethos of black, black canvas, all black aesthetics, and eagle, Because I was a Boy Scout eagle, also the symbol of America.
If you’re interested in participating, shoot me an email at eric@erickim.com
To be transparent, the strategy is to create an infinite money machine, you essentially leverage MSTR microstrategy stock, and then ultimately the goal is to accumulate more bitcoin. I encourage you to just open up your own Coinbase account, and start buying bitcoins. Just download Coinbase to your iPhone, from the App Store, connected with your JP Morgan Chase or Bank of America checking account, and start buying bitcoins, you could just buy 10 bucks, 25 bucks, $100, $500, $1000, 10,000, $100,000, if you like. The good thing on Coinbase is that they recently increased the limit i’m a $50,000 a day in instant limit, to now doubling that to $100,000! Thank god.
When is the best time to buy Bitcoin?
Buy it high buy it low buy it in the middle, because 30 years from now when bitcoin is worth $22 million a bitcoin, the price of what you paid right now won’t really matter. It won’t matter if you bought it at $100,000 a bitcoin, 200,000 a bitcoin, $75,000 bitcoin, or $50,000 a bitcoin.
Essentially starting next year will be year one of institutional acceptance. I am almost close to 100% certain that Donald Trump will be elected president, even me, I am a liberal Democrat on the left, and even me… I don’t think I’ll be voting for Kamala Harris. Vote orange, vote bitcoin!. Even worth noting the Donald Trump talk at the bitcoin 2024 conference in Nashville Tennessee, also note that Donald Trump his two sons, Eric Trump and Baron Trump, I believe they’re actually really into bitcoin and crypto. Which is good for us, because if you have a president that loves bitcoin crypto and also the US dollar, this will be very very good news for us Americans. And also, good for any holders of bitcoin on the planet.
Bitcoin is the solution for world peace?
I also personally ethically believe that bitcoin can promote peace because it don’t matter what country you’re from, as long as you own bitcoin, we are all part of the same monetary network.
I think bitcoin is a threat to the international monetary fund, Jerome Powell and the FED, which prints money like cotton candy. Even Donald Trump in his interview with Joe Rogan is talking about paying off the $35 trillion debt America has, and also Donald Trump says we will never sell our bitcoin.
And also I would not be surprised if maybe, an interesting national strategy; a nation or a nation to purchase bitcoins, which backs their own fiat monetary supply?
Like imagine if America owned 1 million bitcoins, or 2 million bitcoins whatever, and assuming that the US dollar was pegged to the bitcoin or back, then, the US dollar would actually be worth something. People talk that bitcoin is bad for the environment whatever, this is not true. Because bitcoin miners are incentivized to produce bitcoin, at a low financial rate, it will flow into high yield energy sources like nuclear power plants, or electricity which is stranded on the edges of the grid, for example it is it is cheaper to purchase electricity by building your bitcoin mining rig somewhere in the mountains with access to a hydroelectric dam, where electricity would not be used For example, if you could somehow capture the hydro power of hydroelectric power, which is essentially free because it is powered by gravity, then, assuming that electricity is practically free in America, certainly this will be very good for bitcoin mining and bitcoin network.
And also besides cheap electricity, or free electricity, There is actually a strong entrepreneur incentive to create computers which are more efficient, because contrary to popular belief, bitcoin mining is less about electricity — it is more about computer efficiency.
For example in the early days bitcoin, a lot of bitcoin mining was done on graphics cards, card by Nvidia, then a transition into ASICs, ASIC computers, which is not really even a computer in the traditional sense. It cannot do anything besides solve the mathematically intense cryptography puzzles, which is essentially the proof of work concept.
Also, the reason why proof of work is the path, is that work, like things need to have a real world work in order for it to be worth anything.
For example you do not want to live in your fake virtual reality metaverse, With your fake virtual reality Lamborghini, having sex with your virtual reality girlfriend, with access to your virtual reality money. For anyone who played Diablo II, you know very well that gold is not worth anything in the universe of Diablo; everyone wants the rare weapons.
Before there were hacks, this would mean that you as a kid, you have you would have to spend hours upon hours of doing BAAL runs, Trying to wait and cross your fingers that BAAL would drop some sort of mythical item or weapon, for you to equip yourself. And as a kid, this required real work, which meant a lot of time sitting on your computer, clicking around, and investing countless hours of time which is work, to achieve this outcome.
Bitcoin and crypto is the same thing; if there’s not real human labor or physical labor or analogue energy which goes into producing the digital asset, it is not worth it. This is why you should not purchase or invest in anything that is not bitcoin — nothing else is powered by proof of work and has a hard cap and supply. And derivatives, don’t forget Ethereum was essentially a bitcoin copycat.
Ethereum is not worth anything, don’t buy it, sell your Ethereum and buy bitcoin.
The best analogy is that Ethereum is Pepsi. Nobody likes Pepsi. The only reason anyone would drink Pepsi was because somebody gave it to them for free.
Bitcoin is like Coca-Cola, it has always been the best and will always be the best or bitcoin is like the iPhone Pro, everyone wants the iPhone, nobody wants a Google pixel, nobody wants a Samsung. And certainly nobody wants a Huawei, if you’re a smart rich Chinese billionaire, come on… You have zero interest in buying a Huawei phone besides supporting the Chinese communist party.
If you are any person with any sense, you would prefer to be wearing Louis Vuitton, Gucci, Balenciaga, wearing YEEZY sneakers, with the newest iPhone Pro, driving your Lamborghini Rolls-Royce whatever.
You would not want to drive a Chinese car, a Chinese phone, or even send your kids to a Chinese university.
You would rather want to send your kid to a Harvard Yale or Stanford, and even… No rich Chinese person actually wants to live in Beijing or Shanghai; they would prefer to live in and own property in Palo Alto, Los Angeles, Calabasas, Beverly Hills, Culver City, or maybe Vancouver.
The Chinese yuan is actually pegged to the US dollar 
The only thing that is stopping mainland Chinese is capital controls–  if you have $1 billion worth of Chinese yuan, you cannot take it out of the country even if you wanted to.
Don’t forget that the Chinese yuan is essentially pegged to the US dollar, and I think time has shown that no no no, we are not going to be speaking in Mandarin. English is international protocol and the international business language.
As long as the US, we have at least 1000 X military supremacy over China, we will be fine. And also, when Donald Trump becomes president, he is all about the tariffs, and he’s going to become antagonist towards China, which is good for us Americans because if you put a tariff on Chinese produced goods, money talks, words weep.
What does that means is China will not do anything to promote war with America because the rich Chinese oligarchs are still dependent on manufacturing products in China, and selling it to the American market for a profit.
Don’t be a dummy boy. Anyone who thinks that China is going to take over the planet is either anti-American, a communist, likes to give fellatio to Karl Marx, is a fakeass woke plant based hippie, spends too much time on Reddit, and pirateBay, spent too much time torrenting and streaming Maria Ozawa pornography (on Google incognito, brave browser incognito), maybe they have an apple Vision Pro and they watch virtual reality pornography on their $4000 Apple Vision Pro in private. They might be single, they might not be, maybe own a dog, they have no intention of having kids or girlfriends or a serious relationship.
And also they don’t own bitcoin.
ERIC
Upcoming ERIC KIM workshops, bitcoin thoughts, crypto thoughts, and also when in doubt, start here >
The Ultimate Bitcoin Strategy
The Philosophy of Volatility
A super super interesting thought on my mind is the quote from Michael Saylor, volatility is vitality. What does that mean, why does it matter etc.?
First, typically when we think of volatility, it is in the financial realm. We think of volatility in the context of something going up and down, almost unpredictably, chaotically, crazily.
For example in the markets, we tend to think of volatility like a bad thing. Because most people cannot stomach the up and downs.
I am an interesting case because obviously I’m affected by it too. Yet now, whenever I see volatility, I’m more annoyed than anything, like the days that bitcoins down, or the days that microstrategy stock is a little bit down, it is almost more like having an annoying mosquito bite, Maybe even a tiny splinter than anything. The good thing with mosquito bites is as time goes on, we know that it will fade, although it is very annoying. Also, with the tiny splinter… Super super annoying to pick it out, but you can!
Nuclear power
So besides Chernobyl and Fukushima, I actually think that nuclear power is a super smart idea. Certainly nobody wants nuclear fallout, but come on… It is year 2024. For a while, me and Seneca were playing with SimCity: cities of the future on the Mac, and also, we watched the cities of the future film on IMAX and also 3-D, at the California science center. It is still kind of bizarre to me… Once again, the year 2024, if I think about the film Elysium, produced by Bill Block, and starring Matt Damon, shouldn’t we kind of be living in this futuristic, cyberpunk, or massively green and beautiful bright future? Not kind of this ugly, slumlord vibes we get from watching a film like Snowpiercer?
Even often the truth is a distraction 
Anyways, about two or three days ago I was curious why bitcoin spiked so high, breaking the mythical $70,000 mark, after about 2 to 4 years of languishing. So I searched it on ChatGPT, and randomly saw that because Elon Musk tweeted it? And then I was curious, and then I kind of went down a rabbit hole, checking Elon Musk Twitter, Seeing now how he endorses Donald Trump, and then seeing the tweed video the retweeted video of the Joe Rogan podcast with Donald Trump.
Anyways, I was watching the interview, I watched about half of it, very fun and interesting and entertaining! One of the interesting things is how Joe Rogan was asking Trump about nuclear.
So to me nuclear is interesting because it is insanely high volatility like it has a lot of power. But if done right, if handled quickly, it is essential you produce practically free energy for everybody! Apparently they do it well in France I think, they just create a bunch of these mini nuclear power plants, And the French citizens benefit?
A good reason to be anti stoic 
I think about 99% stoicism is good, come on, I named my firstborn son after Seneca the younger, the great stoic sage!
Yet where stoicism fails, I call this “the life after stoicism”, is that Stoicism is too focused on hardening yourself into like a porcupine, and then eventually, it makes you unemotional or unfeeling etc. Yet what if you want to embrace this interesting strategy; put on the stoic armor, in which you don’t really suffer any downsides from life, but you could harness the volatility of life, and channel harness and reap the benefits of the upside?
Stoicism is not volatile enough. Certainly we want Stoicism to clip and hedge the downsides of life, but, you want at least 200X upside in life!
The wisdom of kids
So kind of an interesting thing I learned from Seneca, kids in general etc.; Seneca is about 3 1/2, and when he is angry or upset about something, he’ll get angry, he’ll throw stuff, stop his feet, put out a lot of high energy, start screaming and yelling, and shouting, but when we just let him get it out of his system, like for 30 seconds or a minute or so, he’ll kind of forget about it, and then start smiling again, and then being happy and proceeding like usual. Because Seneca is like happy and joyful and silly and playful and curious Like 99.999% of the time.
Adults should also mirror children 
Anyways, I almost wonder if this is a better strategy for adults as well.
I think where adults fail is that we try to be good proper and prim, I don’t know if this is like Victorian Quaker Christian ethics, we try to restrain our anger, we don’t raise our voices we don’t yell we don’t scream, we don’t throw stuff, we are told to become modest, go on a walk etc.
But I almost wonder if it was a good idea that adults we also would just let our our anger and fury as well like kids — for example if we’re angry, to just yell shot scream, stump our feet, go outside, throw around the sandbag, go to the park and take some big heavy rocks and throw them into the distance etc. Also as a funny sidenote, go on YouTube or Google and search ERIC KIM rock toss challenge, in which during Covid when all the gyms were shut down I would just go to the nearby park, find the biggest rock or Boulder I could, and just practice throwing it around etc. It might be the best workout of all time!
Don’t hold in your anger 
Anyways, the issue with adults is that when we’re angry or upset about something, we’re holding our emotions, yet we harbor this anger and resentment, this Poison, for weeks days months years decades? Even one of my uncles, considering that my grandfather had an illegitimate wife and about five or six kids all illegitimate kids on the other side, essentially ditching my mom‘s mom, and the 4 to 5 legitimate kids, anyways, apparently one of my uncles is still super super upset about this, even many years after the passing of my grandfather, my uncle saying that after getting drunk “I have no father”, referring to my already deceased grandpa.
I get it, but I almost feel like it doesn’t really matter anymore. Don’t people gotta move on?
Yeah yeah yeah, life is tough, life is sad whatever, but, I once read that resentment and anger is like drinking poison, hoping that the other person dies.
No not only is this kind of not a good strategy, it is ineffective but also foolish.
Think Achilles
For example, imagine like you’re a warrior, like you’re Achilles, or Hector, and you’re about to do the final battle. You got your spear and shield, your battle armor on. Obviously the goal is to throw your spear and kill the other guy, not to take your spear and stab yourself in spite of your enemy, hoping that somehow spearing yourself will damage the other person?
Really sick stuff
Even a more sick thing, a parent, who is frustrated with their child, not sure what to do, starts to literally beat themselves, like hitting themselves or self flagellating themselves, causing themselves some sort of self-made pain, to make the younger child feel bad? To me this is almost the most sick evil thing to do of all time because when your kid and your parent beats you, at least you could feel bad and think that your parent is a bad guy. But if your parent beats themself to spite you… You have no one else to but by yourself? 
Never spite nobody!
Where it is wise to not trust Christianity 
The early Christian fathers, a lot of them kind of unwell people, we kind of do a similar thing, self flagellate themselves for their sins whatever, as a form of repentance or something?
But the reason why this is so sick and weird, is that once again, by hurting or damaging or poisoning yourself, you ain’t doing nothing useful.
Like for example, let us say that you did something bad or whatever, and then boom now your parents are dead or somebody you care about is dead or whatever, and then you get super depressed and you start to drink alcohol, smoke a bunch of weed, do a bunch of drugs, simply to alleviate your pain your distress your suffering. Or you start to self yourself, you start to physically beat yourself.
Now once again, this is not productive at all.
Channel volatility
So just watching the recent microstrategy earnings call, go Michael! I also like Andrew Kang and Phong Le (both I presume our Korean and Vietnamese, just like me, Seneca, and Cindy!) 
Anyways, what do you notice what super interesting was that what is so fascinating about microstrategy, it is like literally the best performing company in stock in the known human universe, is that it is also the most volatile. Whereas a typical asset might have a volatility of five, The volatility of micro strategy often exceeds 50.
Volatility is vitality, the motto of Michael Saylor.
So then I guess the tricky thing, the philosophy behind things: “Would you prefer to have higher volatility for greater yield and performance?” Or would you rather have low or no volatility, and just take boring steady gains, but far inferior gains and yields?
For me, I think 100% obvious strategy is to have higher performance, with even greater and higher volatility.
Because at the end of the day, it is probably more interesting to drive a high volatility performance vehicle, like a Lamborghini, which has more power powers and “flexiness” rather than a boring and reliable Toyota Camry?
Yet what a lot of fools do is they just park their money in some sort of blended S&P 500 derivative, because they don’t know what else to do?
Taking control of your financial destiny
Michael Saylor said his personal imperative with bitcoin, is that he believes that at least 50% of the world‘s problems and issues can be solved by fixing the money. He likens traditional money and capital as being toxic; would you give your healthy four year-old child contaminated sewer water to drink, or would you give them clean water? Or, would you take the temperature of your home, which is a cozy 73°, and turn down the thermostat by 1°, every single day, for 10 years? Obviously not, you will literally kill and freeze your family to death.  
Think scientific history & physics
I think the genius of a Michael Saylor is that he studied history of science at MIT, and also aeronautics and aerospace engineering.
So I was curious about the word volatility, and apparently it just is derived from Latin to fly, initially from the Proto into European to throw.
So certainly flying is good. I would not want to go to Seoul South Korea on a boat. Also, thinking about French colonialism, I have no idea how the French would be able to stand the boat ride from Paris all the way over to Saigon; or even worse, Thinking about Australia, the original penal colony, how in the hell did you take a boat from London all the way to Australia?
Flying is literally volatile (volaris, to fly)
Anyways, the volatility of flying, certainly flying can be dangerous, you hear the reports about the new Boeing jets, exploding or whatever. Yet nobody gives up flying.
Or let us say the dangers of driving an automobile car. Certainly there are lots of dangers associated with driving, like fatalities from car related accidents, now texting while driving, it is literally a life or that situation. You are 1 trillion times more likely to die from a car accident rather than any sort of accident resulting from a terrorist attack, or a gun related fatality.
If in fact, everyone is talking about why guns are bad and so evil and how we should ban guns or whatever. Yet nobody is talking about how we should be texting while driving, or even ban the use of a cell phone while you are in an automobile car.
If anything, if Apple really wanted to say millions of lives, I have a simple thought: by default if you buy a new phone or whatever, a new Apple ID or whatever, there should be a workflow which if it detects that you’re driving really really fast in the car, it automatically locks you out of your phone, into the do not disturb driving mode, and that if you want to access the normal mode, assuming you’re a passenger in an Uber or Tesla Robo taxi, then you could voice dictate or type I am not driving. Or “I am a passenger”.
Anyways, volatility is good. I almost wonder if volatility, voltage is the same thing? You step up and you step down there’s transformers for electricity. And this is what allows high-powered electricity to travel from phone wires, silently into your home, powering your washer and dryer your heater and air conditioning whatever. Yet nobody is trying to ban electricity.
Channeling volatility
Bitcoin is up 507% percent over 4 years since 2020, MSTR is up 1989% since then — 5x, 19x (20x) gain since 2020
So also, a curious thing… Why is it that I have never met a female day trader? Or a female bitcoin investor?
I’ve met lots of day traders, all male, some guys at the gym at the local park whatever. It is pretty common to meet day traders who drive Uber on the side or whatever. I haven’t really met any bitcoin investors in the flesh yet, besides myself. And certainly I have never met any women who are interested in bitcoin. It is too volatile for them.
It is also too volatile for most men. Yet a simple filter, I think that for the general part, women hate volatility, most men also hate volatility but some men like myself, love volatility.
Question; are there any women who love volatility? I guess the ideas that you have sex with the rockstar, and you have the boring accountant husband at home, paying the mortgage or whatever, but it seems that most women, would not want to be in a serious financial relationship with a Starbucks barista playing music on the side.
Anyways, maybe what life is then, is the love of volatility. 
Harnessing the upside of volatility without the downside?
So this is where things get super interesting; how can we reap the benefits of the upside, like gain 150% upside in life, while clipping the downside?
So for example, the microstrategy strategy is super super fascinating;: capturing 150% the performance of bitcoin and the upside, without the downside?
Bitcoin Treasury Company (BTC)
So how do they do this? Simply put they have access to permanent bitcoin capital. Funny enough they are dubbing themselves BTC, bitcoin treasury company, I like to just think of micro strategy as their first bitcoin bank (BB), because it is easier for mere mortals like myself to remember, but anyways, what is super fascinating about microstrategy, is because they have been in business for over 30 years, they are a real company, that first started off selling business intelligence software, and now transitioning into becoming the world‘s first 100% bitcoin company, which is effectively unstoppable at this point; even if Apple somehow bought $1 trillion worth of bitcoin, because the operating structure of Apple computer is still revolving around future projections of selling more future iPhones, Apple can never really really ever become 100% bitcoin, even if I wanted to.
December 2024: Will Microsoft purchase bitcoin? 
Oh and also as a random sidenote, I think in December, there might be discussions that Microsoft might actually start to add bitcoin to her balance sheet. This is worth noting, especially because starting January 2025, the new FASB (fasb.org) financial accounting standards board, GAAP generally accepted accounting principles — essentially companies institutions like Harvard and Yale and Brown can now add bitcoin to their balance sheet, as a treasury reserve asset. The reason why this is a big deal is for so long, bitcoin was considered fake money, and that a company could not add it to her balance sheet, proving proof of funds and reserves in the traditional sense. Now, all of these nerds who become accounting will have to learn all of these new rules, figuring out how to integrate bitcoin and other cryptocurrency assets to accounting principles.
If Larry Fink and Blackrock think that bitcoin is real capital, it is.
The reason why this is such a big deal is that once again, people still think that bitcoin is fake money! Yet look at the Janet Yellen talk on Satoshi, and even look at Larry Fink, CEO of blackrock who owns over $10 trillion worth of assets, Larry Fink even now says that bitcoin is legitimate asset class, and I think that black rock has actually recently invested and bought a bunch more micro strategy stock. Watch the CNBC interview with Larry Fink on Bitcoin.
Study it yourself
Oh and also, a pro tip; definitely get the $20 a month ChatGPT pro, it is now the ultimate financial investment research tool; when you want to search any financials or anything, this is an insanely big deal.
Anyways, once Harvard Yale and Ivy League schools start to purchase bitcoin, or maybe even there investors, the ones that handle the endowment start to purchase microstrategy, which is essentially a conduit for purchasing bitcoin, with indirect exposure to the asset class of bitcoin, this will be a big deal.
If UCLA were smart, she would purchase BTC and Bitcoin and or microstrategy, not real estate.
How to harness the upsides of volatility without the downsides?
So this is a very big idea. Obviously the goal in life is to win, even Michael Saylor said at the end of October 30 micro strategy earnings call, that essentially, under a bitcoin strategy, everybody wins, there are no losers in the bitcoin strategy. Only varying degrees of success. 
There are no losers in life!
Philosophically, this is fantastic. Why? To me the idea that we could all win together, 100%, no losers, isn’t this the ultimate thing?
For example, I still think that the number 1 foolish way that most individuals live is that they think of life like zero sum; they think that your success means my failure, that your big dick means my small dick.
But this makes no sense because money is fake, money ain’t real, it is just a man-made construct. So if somehow you have $1 million in the bank, that doesn’t make my balance any smaller or bigger.
21M is a hard cap.
I suppose the thing that is a little bit tricky under the bitcoin standard is that because there is a hard cap of 21 million bitcoins, the ultimate strategy is indeed to own the most bitcoin at the end of the day. And this is still where I think the strategy, is to use microstrategy as a cash yield generation machine, periodically selling microstrategy stock when it is up to purchase more bitcoin, is still the best strategy.
MSTR Microstrategy as the engine in order to accumulate more Bitcoin?
MSTR -> BTC
Building and making your own micro strategy?
Introducing BLACK EAGLE CAPITAL: 
Currently, my new direction in my life — obviously I’ll still be doing photography workshops etc., as it is still my number one supreme in life and passion. Yet I’m thinking about offering more workshops in the bitcoin sphere, I think I am well adjusted to this because I have Stoicism, and control on my side.
Also, I am currently doing a soft launch of BLACK EAGLE CAPITAL, essentially my bitcoin hedge fund, the name behind it is inspired by the fact that I believe in the ethos of black, black canvas, all black aesthetics, and eagle, Because I was a Boy Scout eagle, also the symbol of America.
If you’re interested in participating, shoot me an email at eric@erickim.com
To be transparent, the strategy is to create an infinite money machine, you essentially leverage MSTR microstrategy stock, and then ultimately the goal is to accumulate more bitcoin. I encourage you to just open up your own Coinbase account, and start buying bitcoins. Just download Coinbase to your iPhone, from the App Store, connected with your JP Morgan Chase or Bank of America checking account, and start buying bitcoins, you could just buy 10 bucks, 25 bucks, $100, $500, $1000, 10,000, $100,000, if you like. The good thing on Coinbase is that they recently increased the limit i’m a $50,000 a day in instant limit, to now doubling that to $100,000! Thank god.
When is the best time to buy Bitcoin?
Buy it high buy it low buy it in the middle, because 30 years from now when bitcoin is worth $22 million a bitcoin, the price of what you paid right now won’t really matter. It won’t matter if you bought it at $100,000 a bitcoin, 200,000 a bitcoin, $75,000 bitcoin, or $50,000 a bitcoin.
Essentially starting next year will be year one of institutional acceptance. I am almost close to 100% certain that Donald Trump will be elected president, even me, I am a liberal Democrat on the left, and even me… I don’t think I’ll be voting for Kamala Harris. Vote orange, vote bitcoin!. Even worth noting the Donald Trump talk at the bitcoin 2024 conference in Nashville Tennessee, also note that Donald Trump his two sons, Eric Trump and Baron Trump, I believe they’re actually really into bitcoin and crypto. Which is good for us, because if you have a president that loves bitcoin crypto and also the US dollar, this will be very very good news for us Americans. And also, good for any holders of bitcoin on the planet.
Bitcoin is the solution for world peace?
I also personally ethically believe that bitcoin can promote peace because it don’t matter what country you’re from, as long as you own bitcoin, we are all part of the same monetary network.
I think bitcoin is a threat to the international monetary fund, Jerome Powell and the FED, which prints money like cotton candy. Even Donald Trump in his interview with Joe Rogan is talking about paying off the $35 trillion debt America has, and also Donald Trump says we will never sell our bitcoin.
And also I would not be surprised if maybe, an interesting national strategy; a nation or a nation to purchase bitcoins, which backs their own fiat monetary supply?
Like imagine if America owned 1 million bitcoins, or 2 million bitcoins whatever, and assuming that the US dollar was pegged to the bitcoin or back, then, the US dollar would actually be worth something. People talk that bitcoin is bad for the environment whatever, this is not true. Because bitcoin miners are incentivized to produce bitcoin, at a low financial rate, it will flow into high yield energy sources like nuclear power plants, or electricity which is stranded on the edges of the grid, for example it is it is cheaper to purchase electricity by building your bitcoin mining rig somewhere in the mountains with access to a hydroelectric dam, where electricity would not be used For example, if you could somehow capture the hydro power of hydroelectric power, which is essentially free because it is powered by gravity, then, assuming that electricity is practically free in America, certainly this will be very good for bitcoin mining and bitcoin network.
And also besides cheap electricity, or free electricity, There is actually a strong entrepreneur incentive to create computers which are more efficient, because contrary to popular belief, bitcoin mining is less about electricity — it is more about computer efficiency.
For example in the early days bitcoin, a lot of bitcoin mining was done on graphics cards, card by Nvidia, then a transition into ASICs, ASIC computers, which is not really even a computer in the traditional sense. It cannot do anything besides solve the mathematically intense cryptography puzzles, which is essentially the proof of work concept.
Also, the reason why proof of work is the path, is that work, like things need to have a real world work in order for it to be worth anything.
For example you do not want to live in your fake virtual reality metaverse, With your fake virtual reality Lamborghini, having sex with your virtual reality girlfriend, with access to your virtual reality money. For anyone who played Diablo II, you know very well that gold is not worth anything in the universe of Diablo; everyone wants the rare weapons.
Before there were hacks, this would mean that you as a kid, you have you would have to spend hours upon hours of doing BAAL runs, Trying to wait and cross your fingers that BAAL would drop some sort of mythical item or weapon, for you to equip yourself. And as a kid, this required real work, which meant a lot of time sitting on your computer, clicking around, and investing countless hours of time which is work, to achieve this outcome.
Bitcoin and crypto is the same thing; if there’s not real human labor or physical labor or analogue energy which goes into producing the digital asset, it is not worth it. This is why you should not purchase or invest in anything that is not bitcoin — nothing else is powered by proof of work and has a hard cap and supply. And derivatives, don’t forget Ethereum was essentially a bitcoin copycat.
Ethereum is not worth anything, don’t buy it, sell your Ethereum and buy bitcoin.
The best analogy is that Ethereum is Pepsi. Nobody likes Pepsi. The only reason anyone would drink Pepsi was because somebody gave it to them for free.
Bitcoin is like Coca-Cola, it has always been the best and will always be the best or bitcoin is like the iPhone Pro, everyone wants the iPhone, nobody wants a Google pixel, nobody wants a Samsung. And certainly nobody wants a Huawei, if you’re a smart rich Chinese billionaire, come on… You have zero interest in buying a Huawei phone besides supporting the Chinese communist party.
If you are any person with any sense, you would prefer to be wearing Louis Vuitton, Gucci, Balenciaga, wearing YEEZY sneakers, with the newest iPhone Pro, driving your Lamborghini Rolls-Royce whatever.
You would not want to drive a Chinese car, a Chinese phone, or even send your kids to a Chinese university.
You would rather want to send your kid to a Harvard Yale or Stanford, and even… No rich Chinese person actually wants to live in Beijing or Shanghai; they would prefer to live in and own property in Palo Alto, Los Angeles, Calabasas, Beverly Hills, Culver City, or maybe Vancouver.
The Chinese yuan is actually pegged to the US dollar 
The only thing that is stopping mainland Chinese is capital controls–  if you have $1 billion worth of Chinese yuan, you cannot take it out of the country even if you wanted to.
Don’t forget that the Chinese yuan is essentially pegged to the US dollar, and I think time has shown that no no no, we are not going to be speaking in Mandarin. English is international protocol and the international business language.
As long as the US, we have at least 1000 X military supremacy over China, we will be fine. And also, when Donald Trump becomes president, he is all about the tariffs, and he’s going to become antagonist towards China, which is good for us Americans because if you put a tariff on Chinese produced goods, money talks, words weep.
What does that means is China will not do anything to promote war with America because the rich Chinese oligarchs are still dependent on manufacturing products in China, and selling it to the American market for a profit.
Don’t be a dummy boy. Anyone who thinks that China is going to take over the planet is either anti-American, a communist, likes to give fellatio to Karl Marx, is a fakeass woke plant based hippie, spends too much time on Reddit, and pirateBay, spent too much time torrenting and streaming Maria Ozawa pornography (on Google incognito, brave browser incognito), maybe they have an apple Vision Pro and they watch virtual reality pornography on their $4000 Apple Vision Pro in private. They might be single, they might not be, maybe own a dog, they have no intention of having kids or girlfriends or a serious relationship.
And also they don’t own bitcoin.
ERIC
Upcoming ERIC KIM workshops, bitcoin thoughts, crypto thoughts, and also when in doubt, start here >
Gut based investing?
The Philosophy of Volatility 
A super super interesting thought on my mind is the quote from Michael Saylor, volatility is vitality. What does that mean, why does it matter etc.?
First, typically when we think of volatility, it is in the financial realm. We think of volatility in the context of something going up and down, almost unpredictably, chaotically, crazily.
For example in the markets, we tend to think of volatility like a bad thing. Because most people cannot stomach the up and downs.
I am an interesting case because obviously I’m affected by it too. Yet now, whenever I see volatility, I’m more annoyed than anything, like the days that bitcoins down, or the days that microstrategy stock is a little bit down, it is almost more like having an annoying mosquito bite, Maybe even a tiny splinter than anything. The good thing with mosquito bites is as time goes on, we know that it will fade, although it is very annoying. Also, with the tiny splinter… Super super annoying to pick it out, but you can!
Nuclear power
So besides Chernobyl and Fukushima, I actually think that nuclear power is a super smart idea. Certainly nobody wants nuclear fallout, but come on… It is year 2024. For a while, me and Seneca were playing with SimCity: cities of the future on the Mac, and also, we watched the cities of the future film on IMAX and also 3-D, at the California science center. It is still kind of bizarre to me… Once again, the year 2024, if I think about the film Elysium, produced by Bill Block, and starring Matt Damon, shouldn’t we kind of be living in this futuristic, cyberpunk, or massively green and beautiful bright future? Not kind of this ugly, slumlord vibes we get from watching a film like Snowpiercer?
Even often the truth is a distraction 
Anyways, about two or three days ago I was curious why bitcoin spiked so high, breaking the mythical $70,000 mark, after about 2 to 4 years of languishing. So I searched it on ChatGPT, and randomly saw that because Elon Musk tweeted it? And then I was curious, and then I kind of went down a rabbit hole, checking Elon Musk Twitter, Seeing now how he endorses Donald Trump, and then seeing the tweed video the retweeted video of the Joe Rogan podcast with Donald Trump.
Anyways, I was watching the interview, I watched about half of it, very fun and interesting and entertaining! One of the interesting things is how Joe Rogan was asking Trump about nuclear.
So to me nuclear is interesting because it is insanely high volatility like it has a lot of power. But if done right, if handled quickly, it is essential you produce practically free energy for everybody! Apparently they do it well in France I think, they just create a bunch of these mini nuclear power plants, And the French citizens benefit?
A good reason to be anti stoic 
I think about 99% stoicism is good, come on, I named my firstborn son after Seneca the younger, the great stoic sage!
Yet where stoicism fails, I call this “the life after stoicism”, is that Stoicism is too focused on hardening yourself into like a porcupine, and then eventually, it makes you unemotional or unfeeling etc. Yet what if you want to embrace this interesting strategy; put on the stoic armor, in which you don’t really suffer any downsides from life, but you could harness the volatility of life, and channel harness and reap the benefits of the upside?
Stoicism is not volatile enough. Certainly we want Stoicism to clip and hedge the downsides of life, but, you want at least 200X upside in life!
The wisdom of kids
So kind of an interesting thing I learned from Seneca, kids in general etc.; Seneca is about 3 1/2, and when he is angry or upset about something, he’ll get angry, he’ll throw stuff, stop his feet, put out a lot of high energy, start screaming and yelling, and shouting, but when we just let him get it out of his system, like for 30 seconds or a minute or so, he’ll kind of forget about it, and then start smiling again, and then being happy and proceeding like usual. Because Seneca is like happy and joyful and silly and playful and curious Like 99.999% of the time.
Adults should also mirror children 
Anyways, I almost wonder if this is a better strategy for adults as well.
I think where adults fail is that we try to be good proper and prim, I don’t know if this is like Victorian Quaker Christian ethics, we try to restrain our anger, we don’t raise our voices we don’t yell we don’t scream, we don’t throw stuff, we are told to become modest, go on a walk etc.
But I almost wonder if it was a good idea that adults we also would just let our our anger and fury as well like kids — for example if we’re angry, to just yell shot scream, stump our feet, go outside, throw around the sandbag, go to the park and take some big heavy rocks and throw them into the distance etc. Also as a funny sidenote, go on YouTube or Google and search ERIC KIM rock toss challenge, in which during Covid when all the gyms were shut down I would just go to the nearby park, find the biggest rock or Boulder I could, and just practice throwing it around etc. It might be the best workout of all time!
Don’t hold in your anger 
Anyways, the issue with adults is that when we’re angry or upset about something, we’re holding our emotions, yet we harbor this anger and resentment, this Poison, for weeks days months years decades? Even one of my uncles, considering that my grandfather had an illegitimate wife and about five or six kids all illegitimate kids on the other side, essentially ditching my mom‘s mom, and the 4 to 5 legitimate kids, anyways, apparently one of my uncles is still super super upset about this, even many years after the passing of my grandfather, my uncle saying that after getting drunk “I have no father”, referring to my already deceased grandpa.
I get it, but I almost feel like it doesn’t really matter anymore. Don’t people gotta move on?
Yeah yeah yeah, life is tough, life is sad whatever, but, I once read that resentment and anger is like drinking poison, hoping that the other person dies.
No not only is this kind of not a good strategy, it is ineffective but also foolish.
Think Achilles
For example, imagine like you’re a warrior, like you’re Achilles, or Hector, and you’re about to do the final battle. You got your spear and shield, your battle armor on. Obviously the goal is to throw your spear and kill the other guy, not to take your spear and stab yourself in spite of your enemy, hoping that somehow spearing yourself will damage the other person?
Really sick stuff
Even a more sick thing, a parent, who is frustrated with their child, not sure what to do, starts to literally beat themselves, like hitting themselves or self flagellating themselves, causing themselves some sort of self-made pain, to make the younger child feel bad? To me this is almost the most sick evil thing to do of all time because when your kid and your parent beats you, at least you could feel bad and think that your parent is a bad guy. But if your parent beats themself to spite you… You have no one else to but by yourself? 
Never spite nobody!
Where it is wise to not trust Christianity 
The early Christian fathers, a lot of them kind of unwell people, we kind of do a similar thing, self flagellate themselves for their sins whatever, as a form of repentance or something?
But the reason why this is so sick and weird, is that once again, by hurting or damaging or poisoning yourself, you ain’t doing nothing useful.
Like for example, let us say that you did something bad or whatever, and then boom now your parents are dead or somebody you care about is dead or whatever, and then you get super depressed and you start to drink alcohol, smoke a bunch of weed, do a bunch of drugs, simply to alleviate your pain your distress your suffering. Or you start to self yourself, you start to physically beat yourself.
Now once again, this is not productive at all.
Channel volatility
So just watching the recent microstrategy earnings call, go Michael! I also like Andrew Kang and Phong Le (both I presume our Korean and Vietnamese, just like me, Seneca, and Cindy!) 
Anyways, what do you notice what super interesting was that what is so fascinating about microstrategy, it is like literally the best performing company in stock in the known human universe, is that it is also the most volatile. Whereas a typical asset might have a volatility of five, The volatility of micro strategy often exceeds 50.
Volatility is vitality, the motto of Michael Saylor.
So then I guess the tricky thing, the philosophy behind things: “Would you prefer to have higher volatility for greater yield and performance?” Or would you rather have low or no volatility, and just take boring steady gains, but far inferior gains and yields?
For me, I think 100% obvious strategy is to have higher performance, with even greater and higher volatility.
Because at the end of the day, it is probably more interesting to drive a high volatility performance vehicle, like a Lamborghini, which has more power powers and “flexiness” rather than a boring and reliable Toyota Camry?
Yet what a lot of fools do is they just park their money in some sort of blended S&P 500 derivative, because they don’t know what else to do?
Taking control of your financial destiny
Michael Saylor said his personal imperative with bitcoin, is that he believes that at least 50% of the world‘s problems and issues can be solved by fixing the money. He likens traditional money and capital as being toxic; would you give your healthy four year-old child contaminated sewer water to drink, or would you give them clean water? Or, would you take the temperature of your home, which is a cozy 73°, and turn down the thermostat by 1°, every single day, for 10 years? Obviously not, you will literally kill and freeze your family to death.  
Think scientific history & physics
I think the genius of a Michael Saylor is that he studied history of science at MIT, and also aeronautics and aerospace engineering.
So I was curious about the word volatility, and apparently it just is derived from Latin to fly, initially from the Proto into European to throw.
So certainly flying is good. I would not want to go to Seoul South Korea on a boat. Also, thinking about French colonialism, I have no idea how the French would be able to stand the boat ride from Paris all the way over to Saigon; or even worse, Thinking about Australia, the original penal colony, how in the hell did you take a boat from London all the way to Australia?
Flying is literally volatile (volaris, to fly)
Anyways, the volatility of flying, certainly flying can be dangerous, you hear the reports about the new Boeing jets, exploding or whatever. Yet nobody gives up flying.
Or let us say the dangers of driving an automobile car. Certainly there are lots of dangers associated with driving, like fatalities from car related accidents, now texting while driving, it is literally a life or that situation. You are 1 trillion times more likely to die from a car accident rather than any sort of accident resulting from a terrorist attack, or a gun related fatality.
If in fact, everyone is talking about why guns are bad and so evil and how we should ban guns or whatever. Yet nobody is talking about how we should be texting while driving, or even ban the use of a cell phone while you are in an automobile car.
If anything, if Apple really wanted to say millions of lives, I have a simple thought: by default if you buy a new phone or whatever, a new Apple ID or whatever, there should be a workflow which if it detects that you’re driving really really fast in the car, it automatically locks you out of your phone, into the do not disturb driving mode, and that if you want to access the normal mode, assuming you’re a passenger in an Uber or Tesla Robo taxi, then you could voice dictate or type I am not driving. Or “I am a passenger”.
Anyways, volatility is good. I almost wonder if volatility, voltage is the same thing? You step up and you step down there’s transformers for electricity. And this is what allows high-powered electricity to travel from phone wires, silently into your home, powering your washer and dryer your heater and air conditioning whatever. Yet nobody is trying to ban electricity.
Channeling volatility
Bitcoin is up 507% percent over 4 years since 2020, MSTR is up 1989% since then — 5x, 19x (20x) gain since 2020
So also, a curious thing… Why is it that I have never met a female day trader? Or a female bitcoin investor?
I’ve met lots of day traders, all male, some guys at the gym at the local park whatever. It is pretty common to meet day traders who drive Uber on the side or whatever. I haven’t really met any bitcoin investors in the flesh yet, besides myself. And certainly I have never met any women who are interested in bitcoin. It is too volatile for them.
It is also too volatile for most men. Yet a simple filter, I think that for the general part, women hate volatility, most men also hate volatility but some men like myself, love volatility.
Question; are there any women who love volatility? I guess the ideas that you have sex with the rockstar, and you have the boring accountant husband at home, paying the mortgage or whatever, but it seems that most women, would not want to be in a serious financial relationship with a Starbucks barista playing music on the side.
Anyways, maybe what life is then, is the love of volatility. 
Harnessing the upside of volatility without the downside?
So this is where things get super interesting; how can we reap the benefits of the upside, like gain 150% upside in life, while clipping the downside?
So for example, the microstrategy strategy is super super fascinating;: capturing 150% the performance of bitcoin and the upside, without the downside?
Bitcoin Treasury Company (BTC)
So how do they do this? Simply put they have access to permanent bitcoin capital. Funny enough they are dubbing themselves BTC, bitcoin treasury company, I like to just think of micro strategy as their first bitcoin bank (BB), because it is easier for mere mortals like myself to remember, but anyways, what is super fascinating about microstrategy, is because they have been in business for over 30 years, they are a real company, that first started off selling business intelligence software, and now transitioning into becoming the world‘s first 100% bitcoin company, which is effectively unstoppable at this point; even if Apple somehow bought $1 trillion worth of bitcoin, because the operating structure of Apple computer is still revolving around future projections of selling more future iPhones, Apple can never really really ever become 100% bitcoin, even if I wanted to.
December 2024: Will Microsoft purchase bitcoin? 
Oh and also as a random sidenote, I think in December, there might be discussions that Microsoft might actually start to add bitcoin to her balance sheet. This is worth noting, especially because starting January 2025, the new FASB (fasb.org) financial accounting standards board, GAAP generally accepted accounting principles — essentially companies institutions like Harvard and Yale and Brown can now add bitcoin to their balance sheet, as a treasury reserve asset. The reason why this is a big deal is for so long, bitcoin was considered fake money, and that a company could not add it to her balance sheet, proving proof of funds and reserves in the traditional sense. Now, all of these nerds who become accounting will have to learn all of these new rules, figuring out how to integrate bitcoin and other cryptocurrency assets to accounting principles.
If Larry Fink and Blackrock think that bitcoin is real capital, it is.
The reason why this is such a big deal is that once again, people still think that bitcoin is fake money! Yet look at the Janet Yellen talk on Satoshi, and even look at Larry Fink, CEO of blackrock who owns over $10 trillion worth of assets, Larry Fink even now says that bitcoin is legitimate asset class, and I think that black rock has actually recently invested and bought a bunch more micro strategy stock. Watch the CNBC interview with Larry Fink on Bitcoin.
Study it yourself
Oh and also, a pro tip; definitely get the $20 a month ChatGPT pro, it is now the ultimate financial investment research tool; when you want to search any financials or anything, this is an insanely big deal.
Anyways, once Harvard Yale and Ivy League schools start to purchase bitcoin, or maybe even there investors, the ones that handle the endowment start to purchase microstrategy, which is essentially a conduit for purchasing bitcoin, with indirect exposure to the asset class of bitcoin, this will be a big deal.
If UCLA were smart, she would purchase BTC and Bitcoin and or microstrategy, not real estate.
How to harness the upsides of volatility without the downsides?
So this is a very big idea. Obviously the goal in life is to win, even Michael Saylor said at the end of October 30 micro strategy earnings call, that essentially, under a bitcoin strategy, everybody wins, there are no losers in the bitcoin strategy. Only varying degrees of success. 
There are no losers in life!
Philosophically, this is fantastic. Why? To me the idea that we could all win together, 100%, no losers, isn’t this the ultimate thing?
For example, I still think that the number 1 foolish way that most individuals live is that they think of life like zero sum; they think that your success means my failure, that your big dick means my small dick.
But this makes no sense because money is fake, money ain’t real, it is just a man-made construct. So if somehow you have $1 million in the bank, that doesn’t make my balance any smaller or bigger.
21M is a hard cap.
I suppose the thing that is a little bit tricky under the bitcoin standard is that because there is a hard cap of 21 million bitcoins, the ultimate strategy is indeed to own the most bitcoin at the end of the day. And this is still where I think the strategy, is to use microstrategy as a cash yield generation machine, periodically selling microstrategy stock when it is up to purchase more bitcoin, is still the best strategy.
MSTR Microstrategy as the engine in order to accumulate more Bitcoin?
MSTR -> BTC
Building and making your own micro strategy?
Introducing BLACK EAGLE CAPITAL: 
Currently, my new direction in my life — obviously I’ll still be doing photography workshops etc., as it is still my number one supreme in life and passion. Yet I’m thinking about offering more workshops in the bitcoin sphere, I think I am well adjusted to this because I have Stoicism, and control on my side.
Also, I am currently doing a soft launch of BLACK EAGLE CAPITAL, essentially my bitcoin hedge fund, the name behind it is inspired by the fact that I believe in the ethos of black, black canvas, all black aesthetics, and eagle, Because I was a Boy Scout eagle, also the symbol of America.
If you’re interested in participating, shoot me an email at eric@erickim.com
To be transparent, the strategy is to create an infinite money machine, you essentially leverage MSTR microstrategy stock, and then ultimately the goal is to accumulate more bitcoin. I encourage you to just open up your own Coinbase account, and start buying bitcoins. Just download Coinbase to your iPhone, from the App Store, connected with your JP Morgan Chase or Bank of America checking account, and start buying bitcoins, you could just buy 10 bucks, 25 bucks, $100, $500, $1000, 10,000, $100,000, if you like. The good thing on Coinbase is that they recently increased the limit i’m a $50,000 a day in instant limit, to now doubling that to $100,000! Thank god.
When is the best time to buy Bitcoin?
Buy it high buy it low buy it in the middle, because 30 years from now when bitcoin is worth $22 million a bitcoin, the price of what you paid right now won’t really matter. It won’t matter if you bought it at $100,000 a bitcoin, 200,000 a bitcoin, $75,000 bitcoin, or $50,000 a bitcoin.
Essentially starting next year will be year one of institutional acceptance. I am almost close to 100% certain that Donald Trump will be elected president, even me, I am a liberal Democrat on the left, and even me… I don’t think I’ll be voting for Kamala Harris. Vote orange, vote bitcoin!. Even worth noting the Donald Trump talk at the bitcoin 2024 conference in Nashville Tennessee, also note that Donald Trump his two sons, Eric Trump and Baron Trump, I believe they’re actually really into bitcoin and crypto. Which is good for us, because if you have a president that loves bitcoin crypto and also the US dollar, this will be very very good news for us Americans. And also, good for any holders of bitcoin on the planet.
Bitcoin is the solution for world peace?
I also personally ethically believe that bitcoin can promote peace because it don’t matter what country you’re from, as long as you own bitcoin, we are all part of the same monetary network.
I think bitcoin is a threat to the international monetary fund, Jerome Powell and the FED, which prints money like cotton candy. Even Donald Trump in his interview with Joe Rogan is talking about paying off the $35 trillion debt America has, and also Donald Trump says we will never sell our bitcoin.
And also I would not be surprised if maybe, an interesting national strategy; a nation or a nation to purchase bitcoins, which backs their own fiat monetary supply?
Like imagine if America owned 1 million bitcoins, or 2 million bitcoins whatever, and assuming that the US dollar was pegged to the bitcoin or back, then, the US dollar would actually be worth something. People talk that bitcoin is bad for the environment whatever, this is not true. Because bitcoin miners are incentivized to produce bitcoin, at a low financial rate, it will flow into high yield energy sources like nuclear power plants, or electricity which is stranded on the edges of the grid, for example it is it is cheaper to purchase electricity by building your bitcoin mining rig somewhere in the mountains with access to a hydroelectric dam, where electricity would not be used For example, if you could somehow capture the hydro power of hydroelectric power, which is essentially free because it is powered by gravity, then, assuming that electricity is practically free in America, certainly this will be very good for bitcoin mining and bitcoin network.
And also besides cheap electricity, or free electricity, There is actually a strong entrepreneur incentive to create computers which are more efficient, because contrary to popular belief, bitcoin mining is less about electricity — it is more about computer efficiency.
For example in the early days bitcoin, a lot of bitcoin mining was done on graphics cards, card by Nvidia, then a transition into ASICs, ASIC computers, which is not really even a computer in the traditional sense. It cannot do anything besides solve the mathematically intense cryptography puzzles, which is essentially the proof of work concept.
Also, the reason why proof of work is the path, is that work, like things need to have a real world work in order for it to be worth anything.
For example you do not want to live in your fake virtual reality metaverse, With your fake virtual reality Lamborghini, having sex with your virtual reality girlfriend, with access to your virtual reality money. For anyone who played Diablo II, you know very well that gold is not worth anything in the universe of Diablo; everyone wants the rare weapons.
Before there were hacks, this would mean that you as a kid, you have you would have to spend hours upon hours of doing BAAL runs, Trying to wait and cross your fingers that BAAL would drop some sort of mythical item or weapon, for you to equip yourself. And as a kid, this required real work, which meant a lot of time sitting on your computer, clicking around, and investing countless hours of time which is work, to achieve this outcome.
Bitcoin and crypto is the same thing; if there’s not real human labor or physical labor or analogue energy which goes into producing the digital asset, it is not worth it. This is why you should not purchase or invest in anything that is not bitcoin — nothing else is powered by proof of work and has a hard cap and supply. And derivatives, don’t forget Ethereum was essentially a bitcoin copycat.
Ethereum is not worth anything, don’t buy it, sell your Ethereum and buy bitcoin.
The best analogy is that Ethereum is Pepsi. Nobody likes Pepsi. The only reason anyone would drink Pepsi was because somebody gave it to them for free.
Bitcoin is like Coca-Cola, it has always been the best and will always be the best or bitcoin is like the iPhone Pro, everyone wants the iPhone, nobody wants a Google pixel, nobody wants a Samsung. And certainly nobody wants a Huawei, if you’re a smart rich Chinese billionaire, come on… You have zero interest in buying a Huawei phone besides supporting the Chinese communist party.
If you are any person with any sense, you would prefer to be wearing Louis Vuitton, Gucci, Balenciaga, wearing YEEZY sneakers, with the newest iPhone Pro, driving your Lamborghini Rolls-Royce whatever.
You would not want to drive a Chinese car, a Chinese phone, or even send your kids to a Chinese university.
You would rather want to send your kid to a Harvard Yale or Stanford, and even… No rich Chinese person actually wants to live in Beijing or Shanghai; they would prefer to live in and own property in Palo Alto, Los Angeles, Calabasas, Beverly Hills, Culver City, or maybe Vancouver.
The Chinese yuan is actually pegged to the US dollar 
The only thing that is stopping mainland Chinese is capital controls–  if you have $1 billion worth of Chinese yuan, you cannot take it out of the country even if you wanted to.
Don’t forget that the Chinese yuan is essentially pegged to the US dollar, and I think time has shown that no no no, we are not going to be speaking in Mandarin. English is international protocol and the international business language.
As long as the US, we have at least 1000 X military supremacy over China, we will be fine. And also, when Donald Trump becomes president, he is all about the tariffs, and he’s going to become antagonist towards China, which is good for us Americans because if you put a tariff on Chinese produced goods, money talks, words weep.
What does that means is China will not do anything to promote war with America because the rich Chinese oligarchs are still dependent on manufacturing products in China, and selling it to the American market for a profit.
Don’t be a dummy boy. Anyone who thinks that China is going to take over the planet is either anti-American, a communist, likes to give fellatio to Karl Marx, is a fakeass woke plant based hippie, spends too much time on Reddit, and pirateBay, spent too much time torrenting and streaming Maria Ozawa pornography (on Google incognito, brave browser incognito), maybe they have an apple Vision Pro and they watch virtual reality pornography on their $4000 Apple Vision Pro in private. They might be single, they might not be, maybe own a dog, they have no intention of having kids or girlfriends or a serious relationship.
And also they don’t own bitcoin.
ERIC
Upcoming ERIC KIM workshops, bitcoin thoughts, crypto thoughts, and also when in doubt, start here >
Bitcoin or nothing!
Doge has inflation, Bitcoin does not.
So then, if Dogecoin has an inflationary supply comma, why is it worth anything?
Despite its inflationary supply model, Dogecoin maintains value due to several key factors:
1. Community Engagement and Adoption:
Dogecoin has cultivated a vibrant and dedicated community that actively promotes its use. This widespread adoption has led to its acceptance as a form of payment by various merchants and platforms, enhancing its utility and demand.
2. Inflation Rate Dynamics:
Dogecoin introduces approximately 5 billion new coins annually. As the total supply grows, the relative inflation rate decreases over time. This predictable reduction in inflation can contribute to price stability, as the proportionate increase in supply diminishes.
3. Media Influence and Celebrity Endorsements:
Public figures and media coverage have significantly impacted Dogecoin’s popularity and perceived value. Notably, endorsements and mentions by celebrities have attracted new investors and users, bolstering demand.
4. Speculative Investment:
Many investors are drawn to Dogecoin for speculative purposes, aiming to capitalize on its price volatility. This speculative interest can drive demand and, consequently, its market value.
In essence, while Dogecoin’s inflationary supply introduces more coins into circulation, its value is sustained through community support, decreasing relative inflation rates, media influence, and speculative investment.
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How does the Dogecoin proof-of-work system differ from Bitcoin?
Both Dogecoin and Bitcoin utilize Proof-of-Work (PoW) consensus mechanisms to validate transactions and secure their networks. However, there are key differences between their PoW implementations:
Hashing Algorithms:
• Bitcoin: Employs the SHA-256 hashing algorithm, which requires significant computational power and is commonly mined using specialized hardware known as ASICs (Application-Specific Integrated Circuits).
• Dogecoin: Uses the Scrypt hashing algorithm, which is less computationally intensive and was initially designed to be more accessible to miners using consumer-grade hardware like GPUs (Graphics Processing Units).
Block Time and Transaction Speed:
• Bitcoin: Has an average block time of approximately 10 minutes, resulting in slower transaction confirmations.
• Dogecoin: Features a shorter block time of about 1 minute, allowing for faster transaction processing.
Supply and Inflation:
• Bitcoin: Has a capped supply of 21 million coins, making it a deflationary asset.
• Dogecoin: Does not have a maximum supply limit, with millions of new coins being created daily, leading to an inflationary supply model.
Mining Community and Security:
• Bitcoin: Supported by a large and distributed network of miners, contributing to its high level of security and decentralization.
• Dogecoin: While also utilizing PoW, Dogecoin has a smaller mining community compared to Bitcoin. This might suggest a lower level of security; however, the Dogecoin network benefits from its active community and ongoing development efforts to maintain security and decentralization.
In summary, while both cryptocurrencies rely on PoW, Dogecoin’s use of the Scrypt algorithm, faster block times, and inflationary supply model distinguish its PoW system from Bitcoin’s.
Proof-of-Work (PoW) is a consensus mechanism used by various cryptocurrencies to validate transactions and secure their networks. In PoW systems, miners compete to solve complex mathematical problems, and the first to solve the problem gets to add a new block to the blockchain, receiving a reward in return. This process requires significant computational power and energy consumption.
As of October 31, 2024, several notable cryptocurrencies utilize the PoW mechanism:
1. Bitcoin (BTC): The first and most prominent cryptocurrency, Bitcoin employs the SHA-256 hashing algorithm for its PoW system.
2. Dogecoin (DOGE): Initially created as a meme coin, Dogecoin uses the Scrypt algorithm, similar to Litecoin, for its PoW consensus.
3. Litecoin (LTC): Often referred to as the silver to Bitcoin’s gold, Litecoin also utilizes the Scrypt algorithm in its PoW mechanism.
4. Bitcoin Cash (BCH): A fork of Bitcoin, Bitcoin Cash uses the same SHA-256 PoW algorithm.
5. Monero (XMR): Focused on privacy, Monero employs the RandomX algorithm, designed to be ASIC-resistant, promoting decentralization by enabling mining on consumer-grade hardware.
6. Ethereum Classic (ETC): After Ethereum transitioned to Proof-of-Stake, Ethereum Classic continued using the Ethash PoW algorithm.
7. Zcash (ZEC): A privacy-focused cryptocurrency, Zcash uses the Equihash algorithm for its PoW system.
8. Dash (DASH): Known for its focus on fast transactions, Dash utilizes the X11 algorithm in its PoW consensus.
9. Ravencoin (RVN): Designed for asset transfers, Ravencoin employs the KAWPOW algorithm, which is ASIC-resistant and suitable for GPU mining.
10. Kaspa (KAS): A relatively newer cryptocurrency, Kaspa uses the GHOSTDAG protocol, a PoW consensus mechanism designed for high block rates and scalability.
It’s important to note that while PoW has been instrumental in securing early blockchain networks, it faces criticism for its high energy consumption. This has led some projects, like Ethereum, to transition to alternative consensus mechanisms such as Proof-of-Stake (PoS). However, many cryptocurrencies continue to rely on PoW due to its proven security and decentralization benefits.
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Search which cryptos are actually powered by proof-of-work.
Proof-of-Work (PoW) is a consensus mechanism used by various cryptocurrencies to validate transactions and secure their networks. In PoW systems, miners compete to solve complex mathematical problems, and the first to solve the problem gets to add a new block to the blockchain, receiving a reward in return. This process requires significant computational power and energy consumption.
As of October 31, 2024, several notable cryptocurrencies utilize the PoW mechanism:
1. Bitcoin (BTC): The first and most prominent cryptocurrency, Bitcoin employs the SHA-256 hashing algorithm for its PoW system.
2. Dogecoin (DOGE): Initially created as a meme coin, Dogecoin uses the Scrypt algorithm, similar to Litecoin, for its PoW consensus.
3. Litecoin (LTC): Often referred to as the silver to Bitcoin’s gold, Litecoin also utilizes the Scrypt algorithm in its PoW mechanism.
4. Bitcoin Cash (BCH): A fork of Bitcoin, Bitcoin Cash uses the same SHA-256 PoW algorithm.
5. Monero (XMR): Focused on privacy, Monero employs the RandomX algorithm, designed to be ASIC-resistant, promoting decentralization by enabling mining on consumer-grade hardware.
6. Ethereum Classic (ETC): After Ethereum transitioned to Proof-of-Stake, Ethereum Classic continued using the Ethash PoW algorithm.
7. Zcash (ZEC): A privacy-focused cryptocurrency, Zcash uses the Equihash algorithm for its PoW system.
8. Dash (DASH): Known for its focus on fast transactions, Dash utilizes the X11 algorithm in its PoW consensus.
9. Ravencoin (RVN): Designed for asset transfers, Ravencoin employs the KAWPOW algorithm, which is ASIC-resistant and suitable for GPU mining.
10. Kaspa (KAS): A relatively newer cryptocurrency, Kaspa uses the GHOSTDAG protocol, a PoW consensus mechanism designed for high block rates and scalability.
It’s important to note that while PoW has been instrumental in securing early blockchain networks, it faces criticism for its high energy consumption. This has led some projects, like Ethereum, to transition to alternative consensus mechanisms such as Proof-of-Stake (PoS). However, many cryptocurrencies continue to rely on PoW due to its proven security and decentralization benefits.
Vote orange, vote bitcoin!
Full body exercise and workout, all day every single day?
I like the idea of an exercise that can engage your whole body, all at once. For example, some sort of carrying motion and walking and standing motion. This involves deadlift, rack pulls, walking deadlift, Farmer’s carries, Rick Shaw Hackshaw open trap bar walk etc?
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