Money as stored power, and labor, to be used at other times?
Money as potential energy? 
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smuggler –> someone who doesn’t want to pay taxes
Control over the mercantile network
The doge in Venice
Who takes half your money
Energy flow
Pontifex Maximus
Democratic is often bad?
–> Apple as the ultimate democratizing thing
200 basis point spreads
Amsterdam -> distribution center
It is useful to have god on your side
Create the religion for political and economic reasons
…
Center of empire
Create economic density
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1 export in America is security
Blows up
The most dangerous industry?
Difficult technologies
100 story skyscraper
Steel is the perfect material for civil engineering –> cheap
Steel will last forever
Cold rolled steel
Steel is strongest of strong
No steel no bridges
No bridges no manhattan
Makeup is for ugly people?
Aluminum is 20x more expensive than steel
Aluminum flies
Trillion dollar industry
Civilization
Energy Network
We are not alike
1900-1950: conquer infectious diseases
People with tuberculosis –> 1B people death sentence
1/2 penicillin antibiotics and sterilization half of history books
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People bleeding themselves to death?
Think population
Defeat tuberculosis
Fungus
Think modular clothing?
Don’t channel people in any direction too much
Accidental breakthrough
1/2 of breakthroughs are accidental
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What is muscle? A store of power
Latent energy
Nobody cares for your token! The biggest issue with tokens is that you could just keep producing them
For example, if you are an arcade, the Peter Pan arcade, then as a consequence, you could keep making these tokens ad infinitum 
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The Black Eagle
The warberghs
Mobile Capital
Harder, faster stronger
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Smile!
Bitcoin Theory –> I’m excited about this!
The first digital monetary system,
Perfected . 200B market cap
100B of monetary energy
95%-99% doesn’t believe in them?
Fire unleashed, too big to fail
Exothermal
Collapsing into lower energy state
For a nickel? Massive Dematerialize of value
Steam to water to ice
Giving off energy
How important is energy to the human race?
The bodybuilder ERIC KIM
PHASE TRANSITION
Money is the highest form of energy humans can channel?
What is money
Why does money matter
Missle –> kinetic energy
Aqueduct water and gravity
Weight and weight lifting is gravity
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Money as battery
Lose 2% a month, lose 24% of your energy a year?
24% inflation a year
$100M of energy and electricity you gotta use it today!
Gold : claim of saving
.
Think mobile
$100M of energy 100 years into the future
..
Laptop charged in attic for 100 years
Gold will last in vault 100 years
1900–> USA vault, we are the most successful, JPMORGAN remains NYC…. 2% miner rate of gold
35 years
100M–35M in 70 years , 12.5M in 100 years
Gold battery drained
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Don’t trust people with small dogs
Over a long enough time the mortality rate is 100%
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Variable defense
Variable
Why Save?
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Commodity is bad
Don’t be commoditized
Branding
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Stability is Key
Electricity > Apple
Public Utility
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Boring?
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$5 vs. $250,000
50,000x cheaper!
Crypto rails
Vacuum