Digital goods, digital products
–> proof of work digital goods which cannot be replicated?
There is currently a idea of NFTs, which stands for non-fungible tokens. The idea is creating a digital artwork or digital product which can be sold, in which an individual can prove their own ownership.
I suppose my thought, in regards to bitcoin, which isn’t entirely fascinating is that it is truly the first digital money. That cannot be replicated, you cannot fake it, because the proof of work network is so energy intensive, you cannot make something out of nothing.
I suppose the reason why proof of work is so critical here, and what a lot of these foolish pseudo environmentalist don’t understand is that if something doesn’t require energy to produce, whether human labor, material production, etc.… Then, it has no value.
For example, being born in 1988, and witnessing all of this digital rights stuff, protections against digital copying, as well as anti-digital piracy. 
As a kid, growing up, obviously I have no money, because I don’t work yet… The logic never seemed to make sense to me: 
if I download this video game book or movie or album which is digital… I don’t do any harm unto you.
But then the owner or the publisher or the business might say
“Well… It cost me a ton of money for me to produce this thing, and you are a morally evil and bad person because you are stealing this, because you might have paid $20 for this CD, if you did not pirate it.”
But the logic doesn’t make sense for a kid, because if you are a kid, there is no option to; because you don’t have any money, you wouldn’t have purchased it in the first place anyways! I suppose it is different as an adult once you got money… But still, I think for anybody who is in tech, IT, obviously we all have taunting software, we all know pirate bay, we all know how to turn on the VPN and cover our tracks, and download stuff etc.
I think even at this point in 2024… Truth be told pirates something is actually more cumbersome. It takes more time, you are at the risk of viruses and cyber attacks etc.… But I suppose the great convenience here you have access to the direct files.
For example, I have no problem paying $10 or $20 or whatever for you, Kendrick Lamar album, Jay Z album whatever, however, my primary annoyance is that let us say that I pay $10 on the iTunes Store or Apple Music to buy a new CD. But, I can only access it on my Apple iOS device! What if I want the files directly, to remix them, chop it up in GarageBand, or just use it as background audio for my photography slideshows? Then I am stuck. 
Selling digital products
I suppose hear the issue is, you could still sell digital products, whether they be digital e-books, digital PDF files, digital zip files, digital music files, whatever. But still, the only reason people actually pay money to purchase these digital products online is because they either believe and desire to support the creator, or they want access to it, or they cannot easily google and find it free online.
So I suppose, the real question here is how can we create a digital good? In which when you purchase a digital something, it actually does really have value? That you cannot replicated, not out of an ethical thing, but a physics based approach? 
For example, with digital products, is it possible to solve the double spending problem?
This is the primary phenomenal innovation of bitcoin; you cannot copy of bitcoin or replicated, like you can do as an MP3 file of Beethoven’s fifth Symphony. Or an e-book,.pub file, or PDF file of the Iliad. 
I think this is why I believe in open source so much; because it seems like the ethical, rational thing to do. My philosophy has always been simple:
Do unto to others as you would like others to do onto you.
For example I like free stuff, free files, free videos, and I hate these goddamn advertisements, is annoying banner pop-up ads, and I hate having to subscribe for some sort of email newsletter in order to download something I want access to.
Therefore as a result, in all of my personal endeavors, I try to make it as easy and direct for people to access my videos, photos, files, e-books whatever with direct links either or directly from my own website blog server, Google Drive links, dropbox links etc.
Once again, how can we create a new digital good on the Internet? Which can either be purchased with US dollars, or satoshis or bitcoin?
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Books
I’ll give you a good example with books; a book is a physical object, something you could hold in your hand. I cannot snap my fingers and then magically duplicate it into a thousand more books. 
I think the reason why books, printed books have value because we know that there was work and energy and labor and materials necessary to produce the thing: the physical pages, the ink, the binding, the packaging, the genius of the writer and illustrator, etc. And also we humans we still have a passion for tangible things; I think most people would prefer owning a physical book in hardcover for drama put it on their shelf, and think that it has value, rather than paying $30 for an e-book of the same sort.
Why ebooks
With ebooks electric book, maybe we should just call them digital books…  The reason why nobody likes to pay that much money for it because we are not stupid. We know that of course, it cost money and effort and time and energy for the writer to write the book, get it edited, proofread, distributed whatever… But we know that the marginal cost of having it downloaded, is practically zero. Therefore the rational human being would think to themselves: I know that it cost effort in time for the author to write the book, but if I download it as an e-book, it should be cheaper than the hardcover.
For example, let us say I want to purchase a new translation of the Iliad, for $30.  but let us say that I started reading it, and I hate how heavy and cumbersome it is.
Then let us say that I just want to buy it in the iBooks store, if that is the case… I expect it to cost less than $30, because I know that I don’t have to purchase the materials for the hardcover book. I might expect it to cost like $10, $9.99 or whatever.
Fiat money is a scam?
Currently the biggest issue we have is what the US dollar, essentially the Fed can just keep printing more of it! Then in someways, this is not too different than somebody pirating MP3 files for your favorite artist. They can keep inflating the digital supply of something, there is no hard cap.
I suppose the reason why the notion of cap is critical here is that it obeys the laws of physics! For example once again, if I have a physical book, there is a law of conservation of energy, I cannot snap my fingers and reproduce it with zero cost. Of course I could use energy and resources to print and publish more books, but once again, Hard caps, gravity, friction, the law of conservation of energy applies.
Think Bitcoin
If you believe in physics, first principles, and you are not a fool, bitcoin is for you! Why? Even Fernandinho Galliani in his treatise “On Money” said that true money has a hard cap, a limited supply. He talks about why gold is money, because of its scarcity.  however, he also knew that if you increase the supply of something, like when the conquistadors discovered tons and tons of gold in the New World, then he realized that the value of gold then plummets.
Because bitcoin has a hard cap of 21 million coins, and none will ever be produced ever again, for the next hundred thousand years, what that means then is  it is finally, the first scarce desirable good commodity or thing on the planet or the universe.
Once again, the reason why is so valued is because most people think of it as scarce, which is true, but it is not a true scarcity in so far much as they are still mining gold today, and still discovery new gold mines across the planet, Gold mines we did not know existed in the past!
So in theory, if you put 1 million workers to work, and employed thousands of geologist, and then let’s say you magically said that 1 ounce of gold was worth now $1 million, certainly we would discover more gold and produce more gold! But also consequently, when we discover more gold and we put it on the market, then the value of gold will plummet.
Karl Menger on monopolies
What Carl Manger says in his book the principles of economics, a section that is very very fascinating, a short section is on monopolies. Even then, he knew that there were certain industries that created artificial monopolies, by creating things into an artificial scarcity, for example diamond producers, and restricting the ability or the supply of Diamonds to enter the market, artificially.
Also in luxury goods, one of my good friend Stephanie who worked in the luxury goods market, also told me that a lot of these luxury fashion houses, when they produce too much of a luxury bag, throw it in the furnace and destroy it. Why? If you have too much real Louis Vuitton and Gucci bags on the market, it will become less valuable. Therefore it becomes more profitable to just take the unsold goods, and just incinerate it in a furnace! 
So what now?
Just some general thoughts on life:
First, I am so insanely grateful for all of my world travels, my world campaigning, all of my accomplishments or whatever. Yet, the accomplish of begetting Seneca is 1 million fold more than any other thing I have achieved or accomplished in my life.
Certainly the work in the labor of actually carrying the baby, and birthing the baby, and breast-feeding the baby and your child is all on the woman. So then what is the role of the man? To create structures in which your partner or wife desires to beget a child with you.
In praise of kids
A lot of these ridiculous things like desiring to purchase a Lamborghini, a Porsche, a Porsche 911, a Porsche 911 GT three RS, a Bugatti or whatever… I think these tend to be fantasies or pipe dreams for people who are childless, don’t have a kid yet, or have no intentions on having kids. 
The walking dead
Now, when I see people and I meet people who are childless, and have no intention on having kids, to me they are like the walking dead.
Then, the whole impetus of their life is towards hedonism; maximization of sensory pleasures whether it be visual — such as traveling to Japan and seeing all the cool stuff, or like eating good food, omakase sushi in Japan, indulging themselves in art, travel, exploration, creating art and ideas, writing books, being “cultural”– or maybe backpacking with their dog or whatever… These people had zero interest to me. Why? They are the walking dead. They shall die and they shall have no living legacy.
Hedonism and kids?
Technically, the ultimate hedonic pleasure you can gain is actually from your kids! Your kid is the most wonderful, evolving growing, entertaining beautiful joyful thing!
For example, almost every single day, Seneca at the age of three years and four months, I am starting to see his language acquisition skills excel rate at a phenomenal rate! And I am so insanely proud because I see the things that I have taught him, and it sticks!
For example, my deep pride and joy that ever since he was born, only spoke to him in Korean, and now, he speaks almost 90% Korean fluently!
Also, when I look at his shape physique and form, the buff kid of all time, I am so insanely proud of him because he is also, the most physically dominant, tall handsome strong intelligent kid of all time.
I am also so proud because whenever I meet other parents, parents or teachers who work with kids, and they honestly remark that Seneca is tall, I feel so insanely proud! People telling me that I am such a great dad, doing a good job parenting, deep sense of joy.
Also, contrary to popular knowledge, having a child actually makes you more adventurous! For example, ever since Seneca was born, and now that he is getting older, I am being exposed to so many new wonderful activities and things, things I wouldn’t have never partook in before he was born! For example, exploring all these awesome science centers, becoming a kid again! Also, rediscovering the Lego Batman movie, other joyful things etc.
So actually the irony is if you want to maximize your hedonism in life, your happiness your joy your fun, don’t get the stupid dog, have a kid instead! 
Keanu Reeves needs to have a kid
For example, there’s also this weird bias that it is cool, more macho, more manly and masculine to be a forever bachelor. No. Only degenerates think this way.
once again, think king Leonidas and his son; have at least one male heir to continue your legacy.