Month: April 2024

Indestructible message forever 

Crypto notary network of the world 

I want to make money without taking all these risks

20-40% annual growth — watch year over year

Total world wealth

20% of the world’s wealth into Bitcoin —>

The only asset I promote is bitcoin>> super simple!!

Opinions and observations

I don’t promote another strategy , I don’t promote another asset 

Immutable transactions

Just focus on one thing?***

Digital seal?

Look out 10 years ahead, and enjoy the ride 

Trade with 20x leverage —

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Sophisticated financially

Supercycle

48 months — under water

Look out 10 years

20-30 gradually maturity

30 years of earnings ahead of you, 30 years of alpha of knowledge —> smarter than people 25 years older than you

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Inertia

Buy Bitcoin less than $5m a bitcoin

$1,000 an hour —> $10 an hour into Bitcoin

Look 20 years ahead—

The future is already here but it isn’t evenly distributed

One generation

The Bitcoin ecosystem —> think smartphone revolution

Serpentine growth

Surge up, crash down,,,, serpentine roller coaster growth cycle

Halvings will drive the cycle ***

Big tech, Apple —> war, panic, hyper inflation

You let everyone else panic sell

Unstoppable

Don’t think “gains”—

easy

Destroy capital?

Universally scaleable asset

Price —> At the rate of global inflation in fiat currency 7%—>

Productivity of people who adopted Bitcoin

Keep buying more bitcoin

god kings —

technical utility

Physical Chaos

***

Think Long

Chaos & Bitcoin

2020– 17,732 bitcoin haven’t sold — you don’t sell your Bitcoin

158,400 Bitcoin micro strategy —

Consistently acquire more bitcoin

Debt equity for more Bitcoin

$4.7B of real money into Bitcoin

Below 10k– 175M cash Bitcoin

..

How many bitcoin do you have when Bitcoin hits 1M or 10M a bitcoin

.

No –>

Don’t think it is wise to sell bitcoin

Bitcoin Maximalist –> apex asset

Our strategy is simple — levered, long Bitcoin operating company

1.6% interest borrow

Buy more Bitcoin

.

Long Bitcoin

I wish $9,500 a Bitcoin — I wish I bought more!

.

August 10th, 2020–

192% increase

Big tech not as good as bitcoin

242% up –> levered long Bitcoin

Borrow money to buy more Bitcoin

Billion dollar borrow at 0%–> intelligent leverage

.

7 year 9 year 5 year term loan –> intelligent leverage.

Next 30 years want to own

Bernard aurnauld test —

Under perform or over perform?

40% cost to capital –> has to yield that … risk free

Risk Premium

.

All falling knives

USD money supply being increased –> world reserve currency

7% Year over 100 years

Weak currencies –> 14% a year inflation , 21% a year.

$1M debasing currency for 100 years worth $70 bucks

.28cents

…

Three choices

1. Hold in USD — lose 7% a year cut half in decade … $1M to $700

.

Out-Innovate

.

Purchasing power?

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They can’t beat Bitcoin –> risk and liability of humans operating a physical property in the real world

Bitcoin is 100 years is 14%

200% a year — 40% a year14% vs 7$

Million becomes a billion

.

Double 10 times in a row

Decade

Think 3 generations ***

No panic

You own the most desirable thing in the universe –> your family is rich

It is always a bad idea to sell the good thing and buy the valuable thing

..

No taxable event ***

Weaker properties

Tax free

Bitcoin is replacing bonds ***

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Bonds are paying coupons

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900T of value on the planet

850T in real estate, bonds, collectibles

.

Bitcoin is the strongest capital

.

Sell the sp index and buy Bitcoin, sell real estate and buy Bitcoin

.

Move out of that dimension

..

Over exposed to physical companies, stocks , physical collectibles and gold–

2020– 17,732 bitcoin haven’t sold — you don’t sell your Bitcoin

158,400 Bitcoin micro strategy —

Consistently acquire more bitcoin

Debt equity for more Bitcoin

$4.7B of real money into Bitcoin

Below 10k– 175M cash Bitcoin

..

How many bitcoin do you have when Bitcoin hits 1M or 10M a bitcoin

.

No –>

Don’t think it is wise to sell bitcoin

Bitcoin Maximalist –> apex asset

Our strategy is simple — levered, long Bitcoin operating company

1.6% interest borrow

Buy more Bitcoin

.

Long Bitcoin

I wish $9,500 a Bitcoin — I wish I bought more!

.

August 10th, 2020–

192% increase

Big tech not as good as bitcoin

242% up –> levered long Bitcoin

Borrow money to buy more Bitcoin

Billion dollar borrow at 0%–> intelligent leverage

.

7 year 9 year 5 year term loan –> intelligent leverage.

Next 30 years want to own

Bernard aurnauld test —

Under perform or over perform?

40% cost to capital –> has to yield that … risk free

Risk Premium

.

All falling knives

USD money supply being increased –> world reserve currency

7% Year over 100 years

Weak currencies –> 14% a year inflation , 21% a year.

$1M debasing currency for 100 years worth $70 bucks

.28cents

…

Three choices

1. Hold in USD — lose 7% a year cut half in decade … $1M to $700

.

Out-Innovate

.

How to gain more power How to gain more power and ascendancy?

In America and much of the western world, we make the wrong mistake and we have the wrong idea that more US dollars currency means more power. 

In truth, US dollars, currency is only an intermediary to other stuff.

Real estate?

It seems that the traditional person, the baby boomer, the millennial, the General why whatever, the thought is that real estate is true wealth. However, there are many downsides of real estate:

First, taxes. Property taxes. I think the problem is you never really own the land; rather, it is more like a privilege loan or borrowing or leasing from the government or the local city municipality.

For example, let us say that I buy a house or property for $3 million or $5 million. Whether I’d like it or not, I must pay $7,000-$8,000 in property taxes, month, perpetuity, even if I don’t do anything with it. 

Liability or real asset?

Michael Saylor talks about “trophy assets”; your Picasso, your classic Ferrari, whatever.

However, all these things are not appreciating assets, rather they are liabilities.

For example, let us say that you get that brand new Lamborghini with the scissor doors, and you accidentally get a flat tire. Boom, you’re out $12,000.

Or, let us have that expensive; slowly overtime, the value of that thing bleeds; and also, maintenance costs.

Physical laws

Also a big consideration is physical laws; rust, erosion, mold, termites ants whatever.

Another big downside of physical property, owning a house or whatever or a home, regardless of how good the materials you build it with, slowly overtime, the thing will slowly rust and rot away.

I think if you think about the laws of entropy, it is simple; as time goes on, the durability of the thing goes down.

For example, any home sooner or later, will get some sort of mold, and will be needed to be torn down and reconstructed. I’m shocked even in the year 2024; a lot of wood actually is going into building these homes.

If you have your ideal glass, it seems like a pain to keep all of the windows clean! 

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Life?

Philosophers have grappled with issue of the purpose or the end of life, for millennia.

I think for me, the most interesting set of ideas comes from Nietzsche in his unpublished manuscripts, “The will to power”. The wheel to power, is not a true book in the sense that he didn’t want it to be published, it was just like a set of his ideas started down, and eventually he brought up the project at the very end. I believe that I read a footnote that You found out that his concept of the world to power was flawed, as it was an all encompassing idea, ended up just using the last pages of his manuscript to write out a shopping list of groceries or whatever.

However, I think the basic concept ring is true. What is it that man desires? More power, more ascendancy, more dominance.

In today’s world, what is the most dominant for economic power. Perhaps above that is military power, as it is the underlying asset which supports economic power, but for most of us typical individuals, it is monetary economic wealth and power.

Quit buying those dollars

In Los Angeles, if you work in McDonald’s the minimum wage is now point dollars USD an hour! This is insane. It seems that economically rational thing for most people to do is quit their traditional minimum wage jobs, and never to just get a job at Shake shack, In-N-Out, or McDonald’s. Maybe even Taco Bell?

The reason why I find this so alarming is that slowly but surely, we are going to see a massive devaluing of the US currency. Truth be told,  globally, the US dollar is still probably the most valuable currency, worth 1 trillion times more than the Chinese yuan, the euro or whatever… But still, this is scary.

For example, a shock now if you just want to get a single hamburger patty, just a patty no bun no nothing, a shake shack it is $2.50! This is insane, literally two weeks ago it was only $1.49.

Mathematics economics perspective the price of this food commodity has almost doubled!

What this means is that in the long run, I think we will see the prices of everything close to double in terms of rent prices, food prices, even Costco and Amazon and Amazon Amazon prime and Whole Foods is trying their best to keep prices down, but still… This inflation is getting out of control.

I was just doing some basic math in my head, let us say that you work at McDonald’s for $20 an hour, and you work eight hours a day. That is $160. Let us say that after taxes you’re making about $120 a day. Let us say that, you’re working 30 days a month, your take-home salary might be close to $4000! For working at McDonald’s?

Solutions?

First, a paradigm shift. I think the first to big realization that I made is that currency, US dollars is not money. 

For example, Fernando Galliani wrote his treatsie on money, nearly 500 600 years ago, talking about the history of money,ducats, gold, silver and the like. 

Some interesting things:

First, there have been periods of history in which silver was actually worth more than gold! Also I wonder, in the past, in that infamous scene in the Iliad in which may be Ajax and the other hero on the Trojan side exchanges arms and armor, apparently They trade golden shield for a bronze shield, and apparently the value of the gold shield was worth 100 times more than the bronze shield. But I wonder if maybe… even back then, bronze was worth more than gold? Because of war?

I think most Americans are stupid with money

It seems that 99% of the fascination of Americans has to deal with automobiles and cars and vehicles.

For example, it don’t matter if you’re in the Midwest, the coasts, if you’re liberal, support Donald Trump or whatever… Everyone is being suckered by some sort of car and vehicle.

For example, let us say that you are a true patriot, you’ll probably want to buy some sort of Ford or Chevy truck, and wave some sort of American or confederate flag from it.

Or let us say that you’re a proud American liberal, you might drive a Tesla because Teslas are sexy and cool and they are built in America. This is where I find cyber truck to be so fascinating and disruptive because traditionally we think about people who drive trucks is being some sort of hillbilly rednecks Republican from the south, not liberal. Elon Musk has disrupted all of this; now it is cool to drive a truck, because it literally looks like something out of a video game, Like a cyberpunk universe. Maybe for marketing purposes, the new cyberpunk video game should make the cybertruck the official vehicle. 

Economic power?

After World War II, in the toppling of the Hitler Nazi regime, I think for most practical purposes, Germany has been castrated. I think America has position things in such a way that even if shit hits the fan, Germany will never have enough military power to overtake or even challenge America.

So what did Germany do instead? She shifted all of her power resources and energies towards economic production, economic might. A consequence, Germany now has become a economic powerhouse, on the planet. It seems that even Americans now, we are still obsessed with German good; much of the American population still desires to drive “foreign“; which is some sort of Mercedes-Benz, AMG, BMW, Rolls-Royce, Bugatti, Lamborghini, Porsche, etc. And let us not forget that almost all these luxury car brands are owned by the Volkswagen VW group.

Are people stupid? Don’t they know that a Porsche 911 is just a Volkswagen beetle on steroids? And that a Porsche 911 GT 3 RS is just a turbo beetle with a body kit? 

Or that an Audi is just like an upgraded Volkswagen Passat? 

And that a Rolls-Royce Cullinan is just a BMW times seven with a facelift, and that even a Rolls-Royce ghost is just a BMW seven series with different doors.

Power for the sake of what?

Power wars?

Going back to ancient Greece, I still find the Iliad to be the best book and cultural document, of all time.

 for example, what was the power struggle in the Iliad? King Agamemnon, just wants to keep gobbling up more land, whereas the hero Achilles, just wants to retire from battle, take Breisis his prize, and just chill out on his own home pasture. 

The second best book, the Odyssey with Odysseus as the hero, what does he want? He just wants to sell home back to his wife, back to his kingdom, take back the throne with his son, and just chill out.

Modern day society is much more greedy? 

It seems like a lot of people, either people are foolish, or greedy.

I don’t necessarily think greed is a bad thing, maybe it’s just a foolish thing?

For example, people just want to keep accumulating more property, more cars, more cash dollars, whatever… For the sake of what? Nobody gives this anycritical thinking. 

Jobs?

A big realization: also job are bad because they are closed ecosystems.

For example, let us say that you work at Apple or whatever, and it seems that the impetus of your whole life is to keep climbing the corporate letter. But the critical problem and the flaw here is that it is all a closed ecosystem.

For example, that one position that you want, to get that upgrade, that salary bump or whatever… If you are in a corporation or a company, it is very zero sum.

Think the open free market?

Free enterprise!

Free enterprise means freedom enterprise.

I think the only real way to thrive today’s modern day capitalist world is to build your own capital, for you to become a capitalist, and to start your own company, your own corporation, your own sold for prior ship or whatever.

Also a new ones; I wonder if it is actually superior to be a private corporation, rather than a public one.

It seems that the big problem about being a publicly treated company, even though you might get more flows of capital, the major downside is that you lose control, you have to sit on the boring board of trustees or whatever, you become enslaved to boring meetings.

If you’re private corporation, you could just do whatever you want and not have to report to anybody.

Solo, sole proprietor?

My ambition for Seneca is for him to build his own capital, for him to do his own thing, learn how to wisely leverage economics in his favor, and not be be bedridden to any BS in modern day society. 

Free school

Seneca is currently three years, one month old, and this is my great pride:

For his whole existence, from conception until now, he has never watched any YouTube, Netflix Netflix, Disney Disney+, etc.

He really has no idea what Spider-Man or Batman is, he has no notions of superheroes, he has never watched Moana or whatever.

My sister Anna always jokes that “We must not send him to public school, or private school, because all these kids are bad!”

It is true. Even private school kids, they all get hooked on weird designer drugs, etc.  

Not only that, the parents are bad. It doesn’t matter if they’re rich and affluent, or poor and or working class. It seems that all modern day parents are foolish.

Have I ever met another wise parent? No. Only myself.

Power and kids? 

I am 36 years old, born at 1988. It seems that for my generation, the new modern day flex is children. Having children, kids, and to some extent, the more kids you got, the more successful.

For example, seems that the majority of people nowadays either have zero kids or one kid. They would rather have dogs, go to festivals, engage in degenerate things. 

Even amongst my real friends, I think I’m the only one who is married and has a kid, and at most, the most kids I have witnessed is maybe two kids. Three kids in my age group is almost unthinkable. Four or five kids? Forget about it.

I think the reason why kids were the number of kids you have is the new social status is that the number you got is kind of a proxy of how rich you are. 

For example, the traditional family must go to work, send their kids to daycare or whatever. This is very expensive.

Also part of it, not really sure why people pursue career; for the sake of what?

Still at the end of the day, I think the duty of the parent is to take care of the kids. And also maybe the duty of a grandparent is to help take care of the grandchildren?

Lineage?

I think when you think about it long enough, eventually you want to live a life and do things which is beyond yourself. Which means that after you die, some part of you will remain and continue and ideally last into perpetuity?

For example, a simple one is your kids, thinking about your kids kids kids.

Most Americans don’t think this way because the typical Americans is too individualistic; they think only about themselves, their own personal life etc.

I think the reason why a lot of people don’t have kids anymore is that they think it will positively happiness. That is if you have a kid, your life will positively become negative happy.

But is this true? No. There is literally no breeder joy and happiness on planet earth and beyond then seeing the face in the laughter of your own blood child.

Grandparents without grandkids?

Another very very sad side; seeing the elderly without either any children or grandchildren?

I should find a really really sad, I see this already my family is that my cousins don’t want to have kids, and now that my uncles and aunts are older and they’re 70s, they are Baron and don’t have any grandchildren. Seneca is almost like proxy grandchild for them; and the amount of happiness and joy he brings to them is astounding.

Even me, I’m quite certain that that will decide to have kids, but if I was a grandparent in my 70s or 80s, and Seneca didn’t have his own child, or even worse he said that he’ll never have kids… This might be the most sad and miserable thing of all time.

Maybe this is also why people or parents decide to have multiple kids; the chance that one of your kids will not procreate?

Bitcoin and economic power

The more research I do on bitcoin, the more I think about it so yet and philosophies about it, the better and better of an idea it seems.

First, I spent a lot of time thinking about it by myself, solo. Then I started listening to a lot of interviews and lectures and writings from Michael Saylor, one of the great bitcoin proponents. I really delight in the wisdom and experience of Michael Saylor, as he ran his own software company for over 30 years, I would probably trust the opinion of a CEO, who has real life world experience, rather than the average guy on the street. 

Trust no man over the age of 40?

I’m currently at 36, I’m going to be 40 years old soon.

Apparently the guy who discovered that blood was pump through your heart and recirculated back into your heart, when he discovered this, he famously said that no doctor over the age of 40 would believe him. Because they were too set in their ways of thinking. 

Even amongst my age group, I’m starting to see the nihilism in the blaze kick in. The ones optimism hope joy and foolish knives optimism has become overshadowed by drugs, festivals, marijuana, sports, video games, etc. Living towards no ends.

This is even happening in the “zillenial” or “Gen Z” age group — the world is inequity injustice whatever, so what is the point of all of it? Do a bunch of drugs, go to festivals, lose yourself in nonsense.

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The feeling of power?

What is power? I think ultimately, power is a feeling — a physiological feeling.

For example, it don’t matter if you got $1 billion, if the guy next to you has $1 trillion, and has 10 yachts while you only have one yacht, you might feel poor by comparison.

Therefore the first idea is wealth power abundance whatever is all comparative.

For example, it is very different to own $1 million in Culver City, than own $1 million in Cambodia.

Portable wealth

You cannot take your Lamborghini with you to Cambodia. But, you could take your bitcoins with you!

Also, you cannot take your single-family home in Los Angeles with you to Thailand. But you could take your digital property, a.k.a. your bitcoin to Cambodia, Laos, Thailand, Vietnam Korea etc. 

Human capital

Out of all the forms of capital, certainly there is no greater wealth than human capital, let us not forget that the notion of capital comes from the notion of “kaput“, or “caput” or “cap”– which literally means head. 

For example, back in ancient Greece, before money was invented, you would actually count your wealth by how many heads of oxen you had. For example, if if you wanted to make a libation or a sacrifice to the gods, to Zeus, he would sacrifice the heads of 100 oxen and cattle,… Certainly a very expensive endeavor considering that oxen are useful for many things; plowing the land, and also, food. Let us say that the average male ox is at least 2000 pounds… 2000 pounds of meat, that is a lot.

Even if you do modern economics, 2000 pounds of meat, assuming that meat is five dollars a pound… That is $10,000 a head of oxen? 

Then, 10,000×100 … 1,000,000–  I had to come was like 1 million bucks?

Anyways, I think the most enlightening thing about going to Asia Southeast Asia etc. is how cheap labor is. In America, I think the great downside is that labor is so expensive, and the people are so lazy and entitled.

Also, the thing which is really bizarre America is that a lot of these men labor jobs, are being run by adults… Whereas they could easily be run by teenagers, or college kids. Even apparently back in the day minimum wage was a means of pink highschoolers to do random Jobs like restaurant work, fast food work, coffee shop barista. Imagining a 35 year old man working at Shake shack, or a coffee shop to pay rent and support his family… Seems bizarre?

Keep stacking those bitcoins 

20 bitcoins matte black 

Is bitcoin a gamble? Probably. But, if you have a once in a 10,000 year lifetime opportunity, don’t you want to seize it?

ERIC

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But cash money currency is *NOT* money— it is only currency.

Bitcoin is Money— Bitcoin is Pure Power

Walking does 

Supreme life

Catholicism as a protocol?

My best idea —

Pursue good ideas

Dilutive of *GREAT* ideas

Put the laser eyes on ***

Make humanity better

***

Napoleon — Julius Caesar, Alexander the great

Onboard 99% of the rest of society

.

Leave people alone

Generic life form –> crypto life form

Satoshi -> it existed and keeps on living –> we should be in awe.

Why try to fix the 100’s of trillions

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Why change the generic code of organisms?

just because you can do a thing doesn’t mean you *SHOULD* do it —

Don’t gamble away the lottery

Natural laws

Gaining value over time or LOSING value over time?

Don’t engage in no politics

8 billion people, millions or corporations

Thousands of ideologies

Bitcoin is the solution for everybody.

.

How real estate is a good idea

.

Coinbase runs a node

Cashapp is a node

.

denying transactions?

Not all miners are created equal

Hash rate

Economic velocity — $100M a da.

Increase Velocity

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Litigation?

.

Developer at binance, cash app

How to become a bitcoin developer?

.

Bitcoin energy companies

Power bitcoin miners

Bitcoin banks

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Bitcoin devices

Bitkeys

Bitcoin Apps

First of thousands of apps

Derivatives

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Bitcoin derivatives?

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Security backed by Bitcoin

Banks are the bridge —

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What is the point of life?

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Health towards the sake of fitness –>

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Just get it!

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Regulators

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Half… or everybody using Bitcoin?

Half of 8 billion people?
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Bitcoin is the solution to everybody’s problem ***

Who benefits from mathematics? –> all of them***

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Number of books written in English?

Beneficial to all who use English

Don’t be censor

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Our enemies use English and dollars …

Crippled implementations

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The ecosystem has to survive

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Bitcoin is universal money

Good religions bad religions

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Security?

..

How to make money –> accept bitcoin?

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Easy come easy go

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Tulip Bulbs?–> 25 meetings for SCC

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We need you

Bitcoin backed products

They’re all your friends! ***-> will drive up the scarcity

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Hundreds of billions of economic power and more freedom

$10M a Bitcoin ***

Set up your own government

First get the money ***

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Wealthy person supports revolutions

$30B of Apple stock –120B on the trade –> Berkshire Hathaway

$30B of Bitcoin —

Jaime Diamond —

*

The price of bitcoin triples

“It doesn’t seem fair”–> everyone else will make trillions of trillions of dollars

A tide lifts all boats ***

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Bitcoin is like electricity or internet or WiFi … steam power

Patient

.

Unnecessary confrontations

They will love it one day ***

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$100B of profits

Inevitable

.

10,000 hours of screaming

Blackrock and fidelity

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All the banks

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Steel and skyscrapers

Jet airplanes

Everyone is against it before they are for it ***

..

Everyone will eventually get an iPhone or upgrade to it —

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30-40 years

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It’s just a protocol which can make your life better and delight everyone –>
Let me just show you how.

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This is a benefit to you and your constituents

.

Galen –> 1,000 years . Harvey — blood pumped in heart and pumped back in

No doctor over the age of 40 will ever believe me –> the heart pumps blood ***

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Scarcity of money and bandwidth and power –> scarcity of power

The ultimate conservative network

.

Conserve your life force

45% compounded annual growth –> growing 4-5x faster than anything else

.

Biggest development in 30 years

.

ETF SPY–> state street buy 500 stocks in sp500 index

440B of capital in it —

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Big breakthrough

Monetize corporate equity as money

30 years

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Bitcoin is winning

Stable

WINNING

.

Be hyper hyper conservative

Don’t do elective surgery to make them 1% better by cutting them open

99.9% effective.,, 1/million times — you kill 999 people

Excessive enthusiastic person with good ideals

Cheerfully and constructively

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Base Layer?

*

Apple and Google and Microsoft to build with Bitcoin

Flip treasury to Bitcoin

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The Bitcoin standard ***

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Constructive, expand the ecosystem

Increase the rate of adoption

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Are you enough of an “X”–?

Bitcoiner on Bitcoiner violence?

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No violence!

Don’t define bitcoin as against the bank?

Bitcoin will be integrated into everything

Better living through bitcoin

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Don’t give them airplay

Just ignore and knock on the next door and move forward

Don’t break the network

We do nothing and we are still winning!

**

Don’t destroy things which are working

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I’m not really that interested in many things?

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Clone don’t hard fork

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Channel your energy constructively

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Persuade people to adopt bitcoin

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Don’t destruct or dilute

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Don’t distract

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Fear uncertainty and doubt

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Ignore your name

I don’t need to be remembered forever

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Natural vs human law

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Physical science > Human science

The laws of physics are non negotiations — law of man are suggestions

.

Positive –> natural law, natural rights

Don’t introduce artificial edicts

Not a big codebase

Minimum amount of code

The great is the least design ***

As few buttons as possible –> simple simple simple

.

Crypto billionaires?

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Don’t flip them— collector (want to buy them all—)

Buy *another* billion dollars worth if it

Acid test — Andrew Mellon — what is the exit strategy — *NOT* a speculation.

Bitcoin will appreciate in value over time!

Commodities are NOT money … will slowly lose value over time (even gold)—

Super scarce property, desirable art

The magnificent 7 is 10 years not 100 years

100 year rights and year horizon?

Keep in the family for 300 years — real estate in middle of NYC or Tokyo

***

Make new memories

Hardened.

What is money?

Things which will appreciate in value over time?

***

Luxury real estate

Don’t sell your nice stuff

…

I’m looking for the next deal to acquire and hold stuff —

Give to your children’s children

Buying more of it — something we desire for the sake of it?

I suppose the critique of cash dollars, US dollars, USD is that we don’t want it for the sake of it… We want it for the sake of something else.

The problem about holding your wealth in US dollars, just ones and zeros in a typical banking account, or even having bands of $100 bills is that surely but slowly… that money is becoming devalued.

Prime example: LA County I believe just changed the minimum wage laws for fast food workers, commanding $20 USD now! This is insane. That is literally the same hourly wage or salary that I received when I graduate UCLA as an undergraduate, with a four-year degree!

So power

Easy

4 year simple moving average — $600B real capital put into network

.

Dollars of real capital?

.

70% ETH was premined

175M$ put into Bitcoin
..

… no other token

$5Billion into other crypto?

600B in Bitcoin,

.

Crypto token, ETH holders

.

Physical or economic power?

Natural frequencies and stabilities

.

FTT,

Designing a system to last?

20-50B in permanent capital for digital power

95%-99% for Bitcoin

.

70-80% Bitcoin holders don’t move it …

Conviction?

.

Money vs speculation —

Money.., largest holders are buying more

Speculators — selling more.

.

Great asset classes

1. Apple is money — Apple stock
2. NYC London, palm beach real estate is money — nobody selling. Buying more

Like owning one bitcoin? 

$10-100B into Bitcoin mining

Wall of digital power