Great asset classes

Crypto billionaires?

***

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

What is Money?

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!

8 PLATE + 60 POUND WEIGHT VEST RACK PULL DEADLIFT

So power

7 PLATE SQUAT WALK OUT

Easy

The Perfect Life

$5B ,,, 1% into Bitcoin

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

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

Vice is Good

Owning one apartment complex

Like owning one bitcoin?

How much can you tow?

Invest in the network

Economic Power

$10-100B into Bitcoin mining

Kill 10 birds with one stone

The New Me

New Aesthetics

A new style, a new fashion?

Army, Military Clothing

Trucks seem very useful

What Now?

I MUST INNOVATE SOMETHING NEW!

Wall of digital power

8-12 years

Never do anything in public or private you wouldn’t feel comfortable with being public knowledge or information

A legit mode of living?

NO MORE FLEXING

WARRIOR.

”Lifestyle” (optional) costs?

Why Bitcoin is winning

Naked Art

War is Hell

$10,000->$1,000,000

Think 100x gains

Accessible Everywhere?

100x gains

Last forever — immortal, move at the speed of light

Animal vs electrical power?

Donkey power or clean electricity

Electricity vs donkey power to move the human race forever

Is it ethical?
Is it economically sound?

Do no harm– first do no harm.

Principles

Already healthy 850B — 10x, 10x again in the future — evident.
100x where we are, layer 2-5.

There is nothing to “fix” about Bitcoin

You only get to play god once ***

Satoshi did it — Satoshi was Bitcoin god.

Alpha male full of hubris — Julius Caesar, Alexander, Napoleon, Hitler, every king and most leaders — 10k of them

Start underdog, decide to conquer, lose entire armies … they die, Alexander the Great it all falls apart 1 generation ghenghis khan —

Manifest destiny? — god told them?

Stoic Principle

You can acquire the thing, 10x harder to maintain, 100x harder to prosper and enjoy.

Can you prosper for next 100 years?

Can’t afford to maintain?

Can’t maintain empire —

Highly predictable

Start my own bank?

Beware of men with god complexes ***

Most Medicine and law is iatrogenic —

Developers are the lawyers of cyberspace ***

Laws cripple economy

$10,000 is not that much? Or is it? 100x it —

Hundred and thousands of times — end of the world

Global consensus

The end is near? Always wrong

Killed by the upgrade ***

You’re not god!

Upgrades can kill you!

Code is a liability ***

Liability vs Asset?

If it ain’t broken don’t upgrade it

First clone it

Don’t corrupt the network

Bitcoin Developer?

Open Source standard

Korean WON is useless.

KRW is useless ***

Bitcoin can survive any failure of layer 3 layer —

Don’t add or increase complexity —

Hundreds of billions of dollars — create the next Bitcoin Facebook or Microsoft?

How to code on Bitcoin?

Just risk it —

Trillion dollars worth of BTC

TAX SURFACES

Political headaches — layer 3

How to fix your posture?

Think Longer

Soft Force

Bitcoin is Power ***– pure power.

Bitcoin > USD > KRW

Korea is on the way out? Why? No more kids or citizens

Vibrant bitcoin economy

Currency is not that valuable

Real value, real opportunity — 99%

Big ideas

move a million times a second.

Ability to move money —

Open up a digital bank?

Last a million times longer?

Purpose of Bitcoin — manifest the economy in digital space.

Money & property — peaceful.

There will always be companies

Equity

Credit ain’t going away! ***

Governments borrow money?

Fair rate — cost to capital?

Currencies will exist as long as governments exist

Long Bitcoin

CRYPTO BY KIM

Bitcoin Spartan deadlift Eric Kim ai Dall e 3

Brave new world for photographers and crypto:

$100T economy—

Bitcoin is *NOT* a currency? You combat governments?

Bitcoin — money or property — peaceful resolution.

*NOT* “currency”

Not crypto currency —

Bitcoin is money but not currency

Bitcoin > Gold & Real Estate

Ugly Body, Ugly Soul?

Because the body is considered to be something of shame .., then what that means is:

Being alive is bad.

Ultraviolet (UV) radiation triggers melanin production in a finely tuned biological response designed to protect the skin from damage. Here’s a step-by-step overview of how UV light stimulates melanin production:

UV Exposure and DNA Damage: When skin is exposed to UV radiation, particularly UVB rays, it can damage the DNA in the skin cells. This damage is a signal that the skin may be at risk of harm, such as sunburn or longer-term effects like skin cancer.

Activation of Melanocytes: The damaged cells release signaling molecules including hormones and cytokines such as alpha-MSH (alpha-melanocyte-stimulating hormone). These molecules bind to receptors on melanocytes, the cells in the skin responsible for producing melanin.

Stimulation of Melanin Synthesis: Once activated by alpha-MSH, melanocytes increase their production of the enzyme tyrosinase, which is crucial for the synthesis of melanin. Tyrosinase catalyzes the conversion of the amino acid tyrosine into melanin.

Increased Melanin Production: As a result of this stimulation, melanocytes accelerate the production of melanin. The type and amount of melanin produced can vary depending on genetic factors and the extent of UV exposure.

Transfer of Melanin: The melanin produced is then packaged into melanosomes, which are transferred to the surrounding skin cells (keratinocytes). In these cells, melanin accumulates around the nucleus, where it can effectively absorb and scatter UV radiation, thereby protecting DNA from further UV-induced damage.

Tanning Response: As a visible response, this increase in melanin leads to a darker pigmentation of the skin, commonly known as tanning, which helps provide an increased level of protection against UV rays.

The process is part of the skin’s innate defense mechanism, designed to prevent UV light from causing further damage to skin cells. This protective response, however, has limits and can be overwhelmed by excessive UV exposure, leading to sunburn and increasing the risk of skin damage and cancer over time.

Melanin production in the body is a fascinating biological process primarily occurring within specialized cells called melanocytes. These cells are located in the skin, hair follicles, eyes, and some areas of the brain. Here’s a breakdown of how melanin is produced:

Synthesis Initiation: The process begins when the enzyme tyrosinase catalyzes the conversion of the amino acid tyrosine into a molecule called DOPA (dihydroxyphenylalanine), and then into dopaquinone.

Melanin Formation: Dopaquinone undergoes several complex chemical reactions to form different types of melanin, mainly eumelanin (brown to black pigments) and pheomelanin (red to yellow pigments). The type and amount of melanin produced depend on genetic factors and are influenced by enzymatic activity within the melanocytes.

Influence of Enzymes and Genes: The activity of enzymes like tyrosinase is crucial for melanin production. Genetic factors regulate these enzymes and thus influence the quantity and type of melanin produced.

Response to UV Radiation: Exposure to ultraviolet (UV) light from the sun can increase melanin production. UV radiation stimulates melanocytes to produce more melanin, which helps to absorb and disperse UV rays, protecting skin cells from UV damage.

Transport to Keratinocytes: Once melanin is produced in the melanocytes, it is packaged into tiny organelles called melanosomes. These are then transferred to the surrounding skin cells (keratinocytes), which use the melanin as a shield against UV radiation.

This process not only determines skin, hair, and eye color but also plays a critical role in protecting the body from UV radiation-related damage.

Anti Glare

The upside of matte black

April 2024

What is money?

Stoic Principle

Start my own bank?

Open up a digital bank?