Unlocking value

I don’t want my thoughts to be derailed

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I think the reason why I like to wake up early, before anyone else does, and then drink coffee, thing, walk around, either Vlog or jot down notes is because I don’t want my thoughts to be derailed by an external issues at hand.

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You know best; never do anything to just make other people happy or make them feel at peace or restful;

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Financial Thoughts 

Some finance, financial thoughts on my mind; how and why does finance matter?

What is the etymology of finance?

First of all, it seems that the etymology for the word finance is centered around the notion of a fine, the end, “finis”–

If you take this metaphorically, maybe finance, personal finance is all about the banks, these credit unions, issuing debt, and if you don’t pay the monthly payments, the ransom, the settlements, you will be charged a penalty.

Also taken more artfully; perhaps we should consider the end of finance, the end of money etc.

Money for the sake of what? 

Recently I listened to the interview of Michael Saylor with Lex Fridman, I both watched the video YouTube podcast recording, and then ultimately I just read the transcript. One of the big takeaways was this:

Money is solidified labor, solidified energy and power.

For example, all of the money value that created over the last that give herself, traveling the world doing workshops, creating and selling products etc., ultimately all this money end up becoming solidified and codified into money.

Bitcoin as the most exciting thing since PayPal?

The reason why I have been very grateful to be alive at the time that I was, when I first started teaching workshops, I was easily able to create a PayPal payment by it now, in order to collect money from teaching workshops. The very very nominal 2.9% transaction fee to me was nothing; Essentially if PayPal did not exist, I would collect zero dollars, 0%. So 2.9% out of 100% to me is nothing. As long as the fee is less than 10%, I am happy.

One thing which is really cool about Coinbase, and I suppose a lot of these mainstream crypto market fund platforms is that you can easily purchase corn or whatever crypto with your US dollars or traditional bank account money, and also if you wish to, cash it out back into Fiat currency, if you want.

Even more interesting is the new Coinbase debit card visa card, in which you could essentially just use it to draw from your crypto reserves, to buy groceries at Costco or whatever. I think that I have yet been able to do is figure out a workaround or hack to have the Coinbase debit Visa card pay for rent; but beyond this, it is pretty phenomenal.

Why is it so damn hard to move money?

OK, some simple things; if I want to send money, either to myself from a different bank account, a simple wire transfer, whether domestic or international, why does it require me talking to a bunch of random people on the phone, wasting about 3 to 5 hours of my life, sometimes on the phone or sometimes in person, and sometimes having my money stuck in arbitrage, with some random person in the Back door of an office in the Philippines in Manila, “reviewing” my case, ensuring that my wire transfer is not a scam or fraud, before the transaction actually goes through?

Banks are the new gatekeepers, the new DRM digital rights management

OK, I have always been passionate about this open source notion, open source information, open source knowledge etc. Even what Saylor.org — Michael Saylor is doing with his open source information knowledge wisdom, is very admirable.

I think a huge point of enthusiasm and reinvigorated passion that I got from the Michael Saylor Lex Fridman  interview is Moores law, the immense power of the dematerialization of things. 

For example, when it comes to aviation, rockets to the moon, whatever… Why is this all the same same? The fundamentals materials of aluminum hasn’t changed for almost 40 or 50 years, in the general shape of airplanes have not changed at all either. The only really big innovation that I think we’ve had during my lifetime is Tesla, and electric vehicles; but still if you think about it, the overall shape of cars, even the Tesla cars are pretty similar to what we already got, albeit much better. 

Also a grand dismay that I have in regards to homes, real estate, etc.; why is it that homes have not really changed, even the new constructed ones? Maybe the only big innovations I’ve seen in house and home design is having your kitchen door patio thing open up directly Into the backyard or whatever, maybe have a pool or whatever, but that’s it. Why not any sort of Buckminster Fuller, geodesic, or even my own personal vision, a glass cube on top of a hill?

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How bitcoin benefits from Moore’s law

I think a really big thing about bitcoin and Moore’s law is that anybody with the $50 smart phone or device can handle it, storage, in essentially the custody or the ownership of your money or your keys or whatever is a simple password that you can memorize in your brain. Or another thing which is good with Apple ID, your thumbprint, biometric data is that it is pretty difficult to fake a thumbprint; iron vision that a thumbprint is actually more secure than Face ID ID.

For example, I currently have an iPad Pro M1 chip, and already, the Face ID is busted. However compare this to my $299 iPhone SE; the thumbprint is secure. So even as much as I like to like the new iPhones, maybe just sticking to thumb ID is a better idea in terms of security. 

Once again, digital property, materials cannot increase at a rate of 2X year over year or whatever more law is. Yet, bitcoin, crypto, digital money can.

Or even some other basic good things; crypto could be treated every second, every day, doesn’t matter if weekend or weekday. Isn’t it strange that even in 2024, today’s capital markets, the markets are closed on Saturday and Sunday? Come on, we live in the world of self driving cars, robots, Artificial intelligence, ChatGPT etc.; why are we still in the stone ages in terms of finance?

Are you going to use your gold bars to buy a home?

It seems that one of the great real assets that people eventually aspire to have our own or procure is a home, property, ideally a single-family home. It also seems the truth is any people whose first homes a condo, secretly hopes that they had bought a single-family house, or they’re just saving up more money in order to buy a single-family house.

Owning a condo is like glorified renting 

I suppose one of the benefits being raised the way I was, I never was really into this idea of owning a house or owning home. Maybe this is because my family and my mom only ever rented our whole lives, part of it is that we were just broke, And part of it also, we moved around too much.

It seems that currently the American dream is all about owning a home, owning a single-family home. Perhaps this was just the postwar ideal or something; but maybe the new dream, the new Millenial dream should be to own (at least one) Bitcoin?

My simple math behind it is I equate one bitcoin to only one single-family house, or one piece of property. But the great upside of bitcoin and digital property is that I don’t have to maintain it, I don’t have to check for mold, I don’t have to worry about changing the roof, I don’t have to worry about bad tenants up the house, etc. And also, a big scam I think I’ve discovered about homeownership is property taxes;

Even if you buy a $3.5 million house all in cash, into perpetuity, you got it paid like $3000 a month in property taxes alone? That is essentially free money that you’ll never ever see again, that goes straight to the city and the government.

Even if I was worth 100 M, maybe because the way I was raised, I wouldn’t want to pay $3000 a month Justin property taxes, indefinitely? Especially considering that my rent is only $3200 a month right now, if the price of property taxes is equivalent to the price of renting, real estate really makes no sense.

The future of bitcoin and digital property?

Also another reason I found an interview with Michael Saylor and Lex Fridman so enlightening was not even the bitcoin stuff, but, how Michael Saylor cross pollinate his genius in sciences, history of science, engineering, mechanics and applies it to money finance in the world in general.

Especially the notion of energy.

For example, the reason why I am so grateful every single time I have a good cup of coffee is that there are people in Vietnam, in the Highlands, growing your coffee, tending to it, eventually picking it and sorting them, then you have an expert person like Hana Choi from 96b coffee roaster in Saigon Vietnam roasting it, and then ultimately delivering some great product like 100% fine robusta, ERIC KIM OMAKASE COFFEE, delivered straight to you.

What is a college degree, a PhD, a masters or a bachelor is worth today anyways?

If I think about it, if I think about it, cart blonde, Sukha today, if you didn’t want to go to college, or get a higher degree, I wouldn’t really mind too much. Why?

First, his parents, a.k.a. me and Cindy are already super educated. We both went to UCLA is undergraduates, Cindy got her PhD at Berkeley, and now is a full-fledged professor.

So why do we need more education in the family?

What is education for anyways?

Assuming that your family already has wealth, having a higher degree is only a legitimacy thing.

For example, if your family empire is already worth $500 million, and you have a bunch of kids, you just want them to graduate with at least the bachelors degree to “prove “that they’re not dumb.

If you’re doing any sort of business transactions, or just networking in general, eventually someone’s gonna ask you where you went to school, a.k.a. where you went to college.

Even now when I meet people, and ask them why they went to school or whatever, and they say UC Davis or something, I think that it is OK, and I tell them that I want to UCLA, I can already see their face and countenance change, That they feel a little bit made small by the fact that I went to UCLA and they went to a second tier school.

However, the reason why this is so bad is that why would you take your own self-esteem based on an institution?

This is also where brands, are so silly. For example everyone is so gaga over Louis Vuitton, but just Google image the actual founder of Louis Vuitton, a fat obese man with a funny mustache and beard; do you want to look like that guy?

Building the future, upgrading the planet?

The final words of Michael Saylor was quite poetic interesting and simple; “upgrade the world“, upgrade the planet, upgrade the human race.

“Uh-up-uh-upgrade complete!” – StarCraft

What does it mean to upgrade things, the planet, the human race?

First, maybe it is to first apply a fresh, gigabit Internet like mentality to our brains. For example everyone is so quick to just upgrade their iPhone or devices or their car or whatever, isn’t the more important fact to upgrade your mind?

For example, I just got rid of loser spectrum Internet, they still don’t get them, and upgraded to team gigabit fiber Internet which is 1 trillion times better. Even when trying to cancel my old spectrum thing on the phone, it was so damn annoying, just like trying to cancel your AWOL membership back in the day.

Anyways, maybe we gotta think about this like gigabit Internet Wi-Fi. Upgrading your mind is like going from 56K dial up modem to gigabit fiber Internet.

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Grand Visions

I follow the Peter Thiel model here:

Better to risk boldness than to risk triviality. 

Or another words, better to go insanely bold and big, and fail, rather than two go and bet same same, and succeed.

Even one of the random things that I am insanely proud about myself, is successfully lifting 1000 pounds; the infamous ERIC KIM Atlas lift. 

I think it is more interesting to lift 1000 pounds, my unorthodox way, which is 10 plates of 25 and I think a five and a 2 1/2 are on each side, rather than even squat five or six plates the standard way, or even dead lift seven or eight plates the standard way.

Bigger always wins.

Once again, the ultimate flex in the ultimate interest is how many plates you have on the bar. When you stop counting, that is when you know you are strong.

For example, typically the reason why people like to dead lift, or do sumo deadlifts or whatever is that you could put more plates on the bar. For example a reasonably strong person can let’s say squat for plates, but for dead lift do five or six plates. And the upside to switching to sumo dead lift is that you could go from 5 to 6 plates pretty easily; if you’re doing conventional, Because the biomechanics are not as efficient, you cannot lift as much. 

Lifting more is more important

Once again, to lift more is more impressive.

To do things, the conventional or standard way, is boring.

Or even taken into a greater extreme; what is more impressive, to lift 2000 pounds, or two benchpress 300 or 400 pounds? Lifting 2000 pounds is far more interesting.

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Bitcoin developer

The funny thing is with real estate, your $1 million house cannot certainly become $100 million house in 10 years. But you’re $1 million worth of bitcoin can become $100 million a bitcoin in 10 years.

A funny rebuttal that people say about bitcoin is that it is not “worth” anything; but then again, owning property is not really “worth“ anything either; to own a few square meters of concrete somewhere is not as glorious as you might think it is, especially considering you got a pay property taxes etc. Not only that but maintenance cost, hidden cost, things breaking things gotta be maintained etc.

Even simple things, like gardening, cleaning up dead tree leaves etc.; then all of this additional labor.

Even if you hire somebody to do it, you still gotta put in the labor to manage them.

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What new innovations have yet been created?

Bitcoin is interesting because it is still in the early infancy.

First, people have no idea what it is. Even amongst the bitcoin and crypto maximalists, nobody has anyone unified idea on what it is or what it should be.

For example, some people think that bitcoin should be digital money, other think that it should be digital property, other people think it should be digital gold. But maybe because there is not a consensus on what it should be, this is a feature, not a bug. 

In terms of what technology you could build on top of bitcoin, it seems that the level 2 layer — the bitcoin lightning network is probably the most useful innovation thus far, that which Jack Dorsey has integrated into the cash app, and let us not forget that Jack Dorsey who is a huge bitcoin advocate also owns and runs square, the infamous and notorious little card reader thing that you use to buy your $10 cappuccino at any hips or coffee shop.

The philosophy of money and finances

I think money and wealth is all an attitude thing, which means wants to feel rich, to feel strong, to feel abundant. Nobody wants to feel broke, and poor.

Even Aristotle written in his economics, Oeceonomia in Greek said the very powerful and simple thoughts, which still rings today:

One’s expenditures should never exceed one’s income.

Live like a very poor person

Even now that I am super rich, I still use the cheapest iPhone, an iPhone SE. Why? Even though I could afford thousands of iPhone pros?

I think the simple heuristic that I’ve learned is that irregardless of how rich you are, it is always better to live like a very very poor person. Why? Honik and lifestyle creep; sure you make a little money here in there, and get some gains, get a bonus or whatever, you buy the Tesla, buy more expensive things, etc.… But the problem is that often, we think we are much richer than we actually are. The same thing with gains;

We always overexaggerate our gains, we always underplay our losses. 

Additional things which are worthy of consideration include having to pay taxes, capital gains taxes, etc. Therefore, if you think about things a little bit more critically, always best to think and act rich, but live poor.

How does one live poor?

1. Don’t drink or purchase or buy bottled water or filtered water: just drink tapwater, or filtered water at home
2. Don’t drink alcohol, don’t consume alcohol, whether at home or at the bar, don’t smoke weed, waste money on weed and drugs
3. don’t go to festivals, don’t go to Vegas, don’t listen to EDM music, a funny thought: has anyone ever gone to an EDM concert or gone to burning man and enjoy themselves sober? Without taking drugs? No.
4. For a car, the best car is just a 2010 Prius; I love Tesla, I love Elon musk, I own a lot of Tesla stock, yet I don’t really want to buy one right now, yet. If I were to buy a Tesla, I might hold out for the cyber truck. And actually, in LA, the greatest flex is to drive around in the cyber truck; even more than driving a Ferrari or a Lamborghini!
5. Never buy any new clothes
6. Build your own home gym, work out at home: or just buy a 60 pound weight vest, and just go walking or hiking in the nature areas, in the woods etc.  For example in LA, I really love this Baldwin Hills hiking area stairs area.
7. The best entertainment and leisure activities are free! Nature, hikes, state recreational parks etc.

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Now what?

I always find the quote now what”? Question the most fascinating. Why? After all of this, what is the point of it all? What should I do with my life and time?

A very simple one is exercise fitness and health. Movement, exercise, fitness is the ultimate leisure. There is no greater leisure than the human body.

Second, there needs to be some sort of creative output publishing that you do. I think this is the best way we could enact an impact on the planet; information, it is universal, a random person in a small village in India on the $50 android device could easily access your website and blog, or even a random kid in the Philippines.

Third, think technology, Moore’s law and scale: once again, I think the problem why real estate, land development, construction is so tapped out is that it is still so inefficient, and it does not follow more law. In the year 2024; why can’t I just 3-D print a house in an hour? Why does it still require a litany of annoying contractors, hold ups, and trillions of other problems?

Building digital properties

Maybe it is best that we think about websites and digital properties like real estate.

Something that nobody appreciates is that you could erect a website in 30 seconds, good luck doing that with the skyscraper or even a single-family home.

Second, domains, domain names. This is still a field which is very very important and untapped.

For example there is this thing called ES, Ethereum name network or system or something, owning your own crypto address in cyberspace seems like a good idea.

For example, currently playing around with a new Coinbase web3 wallet, and there is an ability to create your own username on it. Kind of like Venmo. Or PayPal. This is interesting and useful because if I want to just send bitcoin or crypto to somebody, rather than having to copy and paste a really really long Crypto address, it is easier to just punch in their “@“ user ID– it is easier to remember, much more secure etc.

Why Coinbase?

Coinbase is the goat. The most beautiful UIUX, it feels the most ethical, and it just works insanely good. Coinbase is like the new paypal for crypto. 

You can just buy $100 worth of bitcoin

Everyone wants to own at least one bitcoin, but the beauty is you could just buy $100 worth of bitcoin, you could just do it in the cash app, or on Coinbase or whatever. An exchange I don’t really trust, but at least it is mainstream is crypto.com, I think they are Singaporean based, And they bought out the name rights for the Los Angeles Lakers Staples center, and it also looks like they are doing a good job marketing across sports and television channels.

Finance also looks pretty good, but I would still kind of stairway from it, because of the old controversies with the ex founder, CZ.

Now what?

I think the beauty of bitcoin, crypto is that we can all get rich together. Assuming that the value of it all collectively goes up, if I buy bitcoin, and you buy bitcoin, the value of all of it goes up. Only people who “lose”, are people who get into the game too late.

Rethinking economics, money and wealth

We humans are bad at metaphors, math, digital thinking, etc. As a consequence, it seems interesting to try to upgrade your mind, or rethink things from a blank state.

For example, being born in 1988; the idea of having to pay for information and knowledge always seemed ridiculous to me. But to the old-school people, the old guard, it seemed natural.

Even in the world of Atari, film photography, doing exhibitions and shows, printing out hardcover books, these are all old antiquated Parisian notions which must be re-examined especially in the year 2024; in which I could design and create a PDF photo book in minutes, publish it for zero cents, and essentially share it to all 8 billion people on the planet for nothing.

Consider the typical artist who has to sell out $20,000 of their own money, in order to print their book, and attempting to sell it, and eventually not being able to do so, still having hundreds of copies and storage, unsold.

The great upside of digital products and digital books is that there is no such thing as “stale“ inventory, no such thing as dead stock, or unsold inventory.

Think Digital!

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For example, maybe besides the cyber truck, why do all cars look like they’re from a billion years ago?

Also homes, single-family homes or whatever; why do they still look like the same pouring old houses from 100 years ago?

Also phones, the iPhone; why hasn’t the form factor changed at all? The iPhone pro feels pretty pathetic; it does not look like a futuristic phone from 2024

With everything, everything should and must be more futuristic, and look more futuristic

Least this is the upside of Hyundai, Kia, the designs of the cars actually do look futuristic.

Interesting; I suppose the word finance initially comes from the notion of paying a fine, penalty, from “fin”— final, end.

Also — to pay ransom, to kill, to die.

From Middle English finaunce, from Anglo-Norman, Middle French finance, from finer (“to pay ransom”) (whence also English fine (“to pay a penalty”)), from fin (“end”), from Latin fÄ«nis.^[1][2]

Original English sense c. 1400 was “ending”. Sense of “ending/satisfying a debt” came from French influence: in sense of “ransom” mid 15th century, in sense of “taxation” late 15th century. In sense of “manage money” first recorded 1770.^[1]

The term “finance” originates from the French word “finance,” which means “settlement” or “payment,” and dates back to around the 17th century. Its usage in French was derived from the older Latin word “finis,” meaning “end” or “conclusion,” essentially pointing to the idea of settling debts or concluding transactions. Over time, the meaning of finance has evolved and broadened significantly.In its modern context, finance refers to the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting. It encompasses a broad range of fields, including personal finance, corporate finance, and public (government) finance, each dealing with specific aspects of resource allocation and financial management.This etymological journey from a word meaning the end or conclusion of something, to a term that now broadly encompasses the management, creation, and study of money and investments, reflects the evolution of economic systems and the increasing complexity of managing resources through time.

Consume more steroids ,,, and yes,,, the steroids are your food!

1. Organ meats
2. Cholesterol high foods (liver, heart, kidney, intestines, marrow etc)
3. Pasture raised eggs
4. etc

My new entrepreneurial direction?

Economics by KIM

1. Increase Value
2. MAYBE IT IS A GOOD IDEA TO BUY HIGH
3. Banks Are the True Menace to Society
4. THE PROMISE OF FUTURE MONOPOLY PROFITS?
5. High gas prices are good
6. What is Capitalism?
7. Pride in What You Paid For
8. On Making Money from Nothing
9. Save Money Towards What Ends?
10. No Regret Investment

Money thoughts:

1. DONT BUY IT, BUILD IT!
2. Silver US Dollar
3. THE PHILOSOPHY OF MONEY
4. THE FUTURE OF MONEY
5. Price Insensitive
6. WHY JOBS?
7. The Future Economy
8. What is Money?
9. Individual Economics

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The Philosophy of Money

1. How to Become Economically Independent
2. Economic Dependency
3. It’s the Economy, Stupid
4. ERIC KIM PHILOSOPHY OF MONEY
5. Debt is the Devil
6. Capitalism is Cruel
7. In Praise of Capitalism and Consumerism
8. Capitalism as the Road to Tolerance
9. DIGITAL CAPITALISM
10. Capitalism 2.0
11. In Praise of Capitalism
12. CREATIVE CAPITALISM
13. ZEN CAPITALISM
14. Universal Basic Income

Fuck the banks — owning crypto or Bitcoin, you no longer need the banks as a custodian of your money?

Also,,, having to send simple wire transfers of 105k, 125k etc,,, why does this require me to waste 3 hours on a phone with a real life human being, verification whatever,,, when simply on a Bitcoin or crypto wallet, I can easily send 1 or 2 Bitcoins (currency valued at around $69k, $138k—),,, in a matter of seconds or minutes?

Why do I have to “prove” this is me before doing the thing?

Perhaps stoic people are boring — better to be a volatile person, than always morose?

Bitcoin as the most important thing since the advent of the internet?

Right now in 2024– moving money, wire transfers are even 1000x *slower* than an AOL 3.0 38.8k dial up modem. Bitcoin is like upgrading to cable internet .,, early days of Comcast,,, a big deal!

Lightning Network, like a ghetto early gigabit fiber internet connection?

Long Bitcoin, Short Dollars:

CRYPTO BY KIM

Brave new world for photographers and crypto:

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

If it goes up, I’m happy, if it goes down, I’m happy (I can buy more at a discounted price!)

For example only my iPad Pro M1 chip ,,, the FaceID is already busted???

Hyper nourishment

This is what “hyper trophy” (hypertrophia) is—

Great souled man

Large spirit

Mega spirit — mega soul.

Each and every man desires a son. At least one. If you were blessed with a son, either as your first or a second; shouldn’t you be perpetually blessed happy grateful and overjoyous?

A father who is absentee from his son; certainly a sign that the father has some serious brain broken issues.

I am the happiest, proudest and most joyful father alive !

To provide a service, value.

100% pure bliss.

1. The grandest good is grand food … to power you and your children?

2. Outdoors is free and best!

Individual — personal economy

“Expenditure must not exceed the income“***

Homes and health:

With a view to 30
well-being and health, the house ought to be airy in
summer and sunny in winter. This would be best secured
if it faces north and is not as wide as it is long.

Attend to everything yourself

no one looks after the property of
others as well as he looks after his own, so that, as far as
!34511 possible, a man ought to attend to everything himself.

Acquire wealth, and guard it!

“A slaves reward is his food”

Woman is more prone to fear than men

Work, punishment and food — to slaves

Three things make up
the life of a slave, work, punishment, and food.

Freemen do not drink wine:

since the drinking of wine makes even freemen inso
lent, and many nations even of freemen abstain therefrom
(the Carthaginians, for instance, when they are on military
service), it is clear that wine ought never to be given to
35 slaves, or at any rate very seldom.

Slaves: overseer and worker

Sex: man should be content with it or without it

Man: well constituted for outdoor activities

Aristotle — Oeconomia

In the performance of work, she made one sex able
to lead a sedentary life and not strong enough to endure
exposure, the other less adapted for quiet pursuits but well 5
constituted for outdoor activities ; and in relation to offspring
she has made both share in the procreation of children, but
each render its peculiar service towards them, the woman by
nurturing, the man by educating them.

Better to be hot tempered:

“For it is better for a father to be hot-tempered than sullen, for to continue hostile and irreconcilable looks like hating one’s son”

Excerpt From
Plutarch’s Morals
Plutarch
https://books.apple.com/us/book/plutarchs-morals/id511195428

Whether positive or negative,,, whether to do something or even *NOT* to do something.

You know how we got landlords who rent out their properties and apartments and buildings and houses and homes and stuff, or these mega condo associations that rent out the units? Maybe the same—

Buying and owning Bitcoin like owning a mega skyscraper, or a new luxury condo building but in cyberspace?

Long Bitcoin, Short Dollars:

CRYPTO BY KIM

Brave new world for photographers and crypto:

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

The future is digital property —

If you’re a man, and the other party is a woman; the ethics here are different!

Also, better to do some light daily exercise than no exercise!

Seek to have more self-control than Zeus!

Better to be silent and give the silent treatment than to say something

Stoic wisdom

Audio

Tenacity

Bitcoin’s price has shown significant fluctuations surrounding its halving events, influenced by a mix of investor speculation, market dynamics, and broader economic factors. The pattern observed around these events has generally seen an increase in volatility before and after the halving, with notable price movements:

First Halving (November 2012): Before the first halving, Bitcoin’s price was relatively low, hovering around $11. In the months that followed, the price experienced a significant increase, eventually reaching over $1,000 by November 2013. This dramatic rise was partly due to increased awareness and adoption of Bitcoin, although it was followed by a substantial correction.

Second Halving (July 2016): Leading up to the second halving, Bitcoin’s price gradually increased from about $230 in July 2015 to approximately $660 by July 2016. After a brief dip right after the halving, the price continued to climb, contributing to the bull run that peaked at around $20,000 in December 2017. This period saw heightened media attention and a surge in interest from retail and institutional investors.

Third Halving (May 2020): The price was around $8,787 at the time of the most recent halving in May 2020. In the months leading up to it, the price had recovered from a significant drop in March 2020, related to the global financial uncertainty at the onset of the COVID-19 pandemic. After the halving, Bitcoin entered a bull market, reaching new all-time highs above $60,000 in April 2021.

This rally was driven by factors including increased institutional investment, adoption by major corporations, and widespread media coverage.The price movements around these halving events illustrate Bitcoin’s volatility and the speculative nature of the cryptocurrency market. While halvings reduce the rate at which new Bitcoins are generated, leading to expectations of increased scarcity and higher prices, the actual impact on the market can be influenced by a wide range of factors. These include investor sentiment, macroeconomic trends, regulatory developments, and technological advancements in the cryptocurrency space.It’s crucial for investors to consider these dynamics and conduct thorough research before making investment decisions, especially in a market as unpredictable and volatile as cryptocurrency. Remember, past performance is not necessarily indicative of future results, and investing in cryptocurrencies involves significant risk, including the potential loss of principal.

Bitcoin halving events have garnered significant press coverage and attention from the cryptocurrency community due to their substantial impact on Bitcoin’s economics and market price. These events, which halve the reward for mining new blocks, effectively reduce the rate at which new bitcoins are generated and introduced into circulation. This scarcity mechanism is a fundamental part of Bitcoin’s value proposition as a digital store of value.Historically, halving events have led to increased market volatility, a surge in public interest, and speculation about Bitcoin’s price trajectory. For instance, past halvings in 2012, 2016, and 2020 were each followed by significant price rallies, though the immediate effects on Bitcoin’s price varied. The anticipation surrounding these events often leads to increased trading activity, speculation, and media coverage, contributing to the broader narrative of Bitcoin as a deflationary digital asset oai_citation:1,What Is Bitcoin Halving? Here’s Everything You Need to Know About BTC Halving oai_citation:2,Bitcoin Halving: How it works and Why it matters .The press and analysts closely monitor these events, speculating on their potential impact on Bitcoin’s price and the broader cryptocurrency ecosystem. This speculation is driven by the expectation that reducing the supply of new bitcoins entering the market could lead to price increases if demand remains constant or grows. However, it’s important to note that Bitcoin’s price is influenced by a wide array of factors beyond the halving, including market sentiment, regulatory developments, and macroeconomic trends oai_citation:3,Bitcoin Halving: How it works and Why it matters .Recent coverage leading up to the 2024 halving has highlighted several key themes, including the impact of institutional investment on mining, the potential for price volatility, and broader implications for network security and miner profitability. Analysts and commentators are examining how changes in the mining landscape, such as the introduction of Wall Street funding, could alter the dynamics of Bitcoin mining post-halving. Additionally, there is considerable interest in how the halving might affect Bitcoin’s role in the growing

Bitcoin’s halving events have historically been significant milestones for the cryptocurrency, typically leading to substantial price movements. The halving event, which occurs approximately every four years, halves the reward that miners receive for adding new blocks to the Bitcoin blockchain. This effectively reduces the rate at which new bitcoins are created and introduced into the circulating supply, making bitcoin scarcer.Here’s a brief historical overview of what has happened to Bitcoin prices during and after the halving events:First Halving (November 2012): The first Bitcoin halving occurred when the mining reward was reduced from 50 BTC to 25 BTC. Leading up to the halving, there was a noticeable increase in the price. After a short period of volatility immediately following the halving, the price began a long-term upward trend, culminating in a significant price increase a year later.Second Halving (July 2016): The second halving reduced the mining reward from 25 BTC to 12.5 BTC. Similar to the first halving, the price of Bitcoin saw a gradual increase in the months leading up to the halving. After the event, there was a period of relative stability followed by a significant bull run starting approximately 6 months later, which eventually led to the 2017 peak.Third Halving (May 2020): The reward dropped from 12.5 BTC to 6.25 BTC during the third halving. Leading up to the halving, Bitcoin’s price saw considerable growth. Following the halving, after a brief adjustment period, the price began to increase significantly, contributing to the bull run that peaked in late 2020 and early 2021.It’s important to note that while historical data shows a pattern of price increases following halving events, these periods also coincided with growing mainstream acceptance of Bitcoin, increased institutional investment, and broader financial market dynamics. Therefore, while the halving events are theoretically bullish due to the reduced supply of new bitcoins, the actual impact on price also depends on a variety of other factors, including market sentiment, demand, macroeconomic indicators, and regulatory developments.Investors often look at halving events with a mix of anticipation and caution, as they can lead to both opportunities and increased volatility. As with all investments, past performance is not indicative of future results, so it’s essential to conduct thorough research and consider a wide range of factors when making investment decisions related to Bitcoin or other cryptocurrencies.