Physiology *IS* Mentality

Why we trying to pretend that physiologically or even mentally we the same?

Ain’t nothing can stop me!

Real men bear their arms ,,, show off their arms, their dominance, their power!

To ensure the long-term sta-
bility and security of the Strategic Bitcoin Reserve,
the Secretary shall hold all Bitcoin acquired through
the Bitcoin Purchase Program for not less than 20
years.

The Secretary shall imple-
ment state-of-the-art physical and digital security
measures to protect the Strategic Bitcoin Reserve.

total acquisition of 1,000,000 Bitcoins;

purchase not more than 200,000
Bitcoins per year over a 5-year period,

Strategic bitcoin reserve

Super easy to get rich,,, just buy MSTR microstrategy stock and Bitcoin. Essentially like a 22% ARR, annual rate of return, on average over 21 years, risk free —!

The introduction of the BITCOIN Act of 2024 by Senator Cynthia Lummis marks a pivotal moment in the evolution of U.S. financial policy. This proposal to establish a strategic Bitcoin reserve carries profound implications across various dimensions. Here are ten reasons why this initiative is a significant development:

1. Recognition of Digital Assets

By proposing a strategic reserve of Bitcoin, the U.S. government acknowledges the legitimacy and potential of digital currencies as integral components of the financial system. This move could pave the way for broader acceptance and integration of cryptocurrencies in mainstream finance.

2. Diversification of National Reserves

Traditionally, national reserves have been composed of assets like gold and foreign currencies. Incorporating Bitcoin introduces a new asset class, enhancing the diversification and resilience of the nation’s financial holdings.

3. Hedge Against Inflation

Bitcoin’s finite supply makes it an attractive hedge against inflation. By holding Bitcoin, the U.S. could protect its reserves from the devaluation associated with excessive money printing and economic uncertainties.

4. Strengthening the U.S. Dollar

Establishing a Bitcoin reserve could bolster the U.S. dollar’s position as the world’s reserve currency. Demonstrating adaptability to digital financial instruments may reinforce global confidence in the dollar’s stability and longevity.

5. Leadership in Financial Innovation

This initiative positions the United States as a leader in embracing financial innovation. It signals a proactive approach to integrating emerging technologies, potentially attracting investment and talent in the fintech sector.

6. Influence on Global Financial Policies

If the U.S. adopts a strategic Bitcoin reserve, it could set a precedent for other nations. This action might catalyze a global shift towards the inclusion of digital assets in national reserves, reshaping international financial policies.

7. Economic Growth Opportunities

The move could stimulate economic growth by fostering a more robust digital economy. It may encourage the development of blockchain technologies and related industries, leading to job creation and technological advancements.

8. Enhanced Financial Security

A diversified reserve that includes Bitcoin could enhance national financial security. It provides an alternative asset that is decentralized and less susceptible to geopolitical tensions affecting traditional assets.

9. Public Perception and Trust

Government endorsement of Bitcoin could shift public perception, increasing trust and adoption of digital currencies. This acceptance may lead to broader utilization and integration of cryptocurrencies in everyday transactions.

10. Future-Proofing the Economy

As the global economy becomes increasingly digital, integrating Bitcoin into national reserves is a step towards future-proofing the economy. It ensures that the U.S. remains relevant and competitive in the evolving financial landscape.

In conclusion, Senator Lummis’s proposal to establish a strategic Bitcoin reserve is a forward-thinking initiative with far-reaching implications. It reflects a recognition of the changing dynamics in global finance and positions the United States to lead in the digital financial era.

The introduction of the BITCOIN Act of 2024 by Senator Cynthia Lummis marks a pivotal moment in the financial history of the United States. This proposal to establish a strategic Bitcoin reserve is not merely a legislative initiative; it signifies a profound shift in how we perceive and engage with digital assets.

Bitcoin as Digital Gold

Bitcoin has often been likened to digital gold due to its finite supply and decentralized nature. By proposing to acquire up to 1 million Bitcoins, the U.S. government acknowledges Bitcoin’s potential as a store of value and a hedge against inflation. This move could set a precedent for other nations, potentially leading to a global reevaluation of digital currencies in national reserves.

Strengthening the U.S. Dollar

Incorporating Bitcoin into the national reserve could bolster the U.S. dollar’s position as the world’s reserve currency. By diversifying its holdings, the U.S. Treasury may enhance the dollar’s stability and resilience in the face of economic uncertainties. This strategy reflects a forward-thinking approach to maintaining financial dominance in an increasingly digital world.

Embracing Financial Innovation

The BITCOIN Act represents a significant step toward integrating innovative technologies into the nation’s financial framework. It signals a willingness to adapt and evolve, embracing the potential benefits of blockchain technology and digital assets. This adaptability is crucial for staying competitive in the global economy and fostering an environment conducive to technological advancement.

Implications for the Global Economy

Should the U.S. proceed with this initiative, it could trigger a domino effect, prompting other countries to consider similar strategies. This widespread adoption could lead to increased legitimacy and stability for Bitcoin and other cryptocurrencies, potentially transforming the global financial landscape.

Conclusion

The BITCOIN Act of 2024 is more than a legislative proposal; it is a bold statement about the future of finance. By considering Bitcoin as a strategic asset, the United States positions itself at the forefront of financial innovation, setting the stage for a new era in economic policy and digital asset integration.

…

FOR IMMEDIATE RELEASE

Senator Lummis Proposes Strategic Bitcoin Reserve to Strengthen U.S. Financial Position

Washington, D.C., July 31, 2024 — U.S. Senator Cynthia Lummis (R-WY) has introduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2024, aiming to establish a strategic Bitcoin reserve for the United States. This initiative seeks to bolster the U.S. dollar and enhance the nation’s financial stability.

The BITCOIN Act proposes that the U.S. Treasury acquire up to 1 million Bitcoins over a five-year period, representing approximately 5% of Bitcoin’s total supply. The goal is to create a strategic reserve to hedge against inflation and reinforce the U.S. dollar’s status as the world’s reserve currency. The bill also emphasizes the importance of secure storage and management of these assets.

“Establishing a strategic Bitcoin reserve is a forward-thinking approach to safeguarding our nation’s financial future,” said Senator Lummis. “By embracing innovative technologies, we can strengthen the U.S. dollar and ensure our economic resilience in the face of global challenges.”

The proposed legislation outlines a structured acquisition plan, ensuring that the purchase of Bitcoin does not disrupt market stability. It also mandates the development of secure storage solutions and the establishment of oversight mechanisms to manage the reserve effectively.

Senator Lummis’s proposal has garnered attention from both policymakers and financial experts, sparking discussions about the role of digital assets in national economic strategies. The BITCOIN Act represents a significant step toward integrating cryptocurrency into the broader financial framework of the United States.

For more information, please contact:

[Your Name]

[Your Title]

[Your Organization]

[Your Contact Information]

About Senator Cynthia Lummis

Senator Cynthia Lummis is a Republican Senator from Wyoming, serving since 2021. She is a member of the Senate Banking, Housing, and Urban Affairs Committee and a known advocate for financial innovation and digital assets.

###

In July 2024, during the Bitcoin 2024 conference in Nashville, Tennessee, U.S. Senator Cynthia Lummis announced a proposal to establish a strategic Bitcoin reserve for the United States. This initiative aims to bolster the U.S. dollar and strengthen the nation’s financial position. The proposal was officially introduced as the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2024 on July 31, 2024.

The BITCOIN Act proposes that the U.S. Treasury acquire up to 1 million Bitcoins over a five-year period, representing approximately 5% of Bitcoin’s total supply. The goal is to create a strategic reserve to hedge against inflation and reinforce the U.S. dollar’s status as the world’s reserve currency. The bill also emphasizes the importance of secure storage and management of these assets.

While the full text of Senator Lummis’s speech at the Bitcoin 2024 conference is not readily available, her office has released detailed information about the proposed legislation and its objectives. For more insights into her views and the specifics of the proposal, you can refer to the official press release linked above.

Bitcoin as the destroyer of old capital?

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RED, WHITE & â‚¿

Audio podcast

pdf slides

The true ethos of any true pioneer or innovator who truly cares?

Certainly! The cowboy hat was not just a fashion accessory but a highly functional piece of gear essential for survival and efficiency in the rugged conditions of the American West. Here are the practical reasons behind its design and enduring popularity:

Protection from the Elements

• Wide Brim:

• Sun Protection: The broad brim shielded the face, neck, and shoulders from the intense sun, reducing the risk of sunburn and heatstroke during long hours outdoors.

• Rain and Snow: It acted as an umbrella, directing rain and snow away from the wearer’s face and clothing, keeping them drier and more comfortable.

• Wind Block: The brim provided a barrier against dust and wind, which was especially useful during storms or in open plains.

• High Crown:

• Insulation: The tall crown trapped air, helping to keep the head warm in cold weather.

• Ventilation: In hot weather, the space allowed for air circulation, cooling the head.

Durability and Practical Materials

• Felt Construction:

• Water Resistance: Made from animal fur like beaver or rabbit felt, the material was naturally water-resistant, crucial for unexpected downpours.

• Durability: Felt hats could withstand rough handling and harsh conditions, making them ideal for daily wear.

• Straw Hats:

• Breathability: In hotter climates or seasons, straw hats offered a cooler alternative while still providing sun protection.

• Lightweight: Easier to wear for extended periods without discomfort.

Versatility in Daily Tasks

• Water Carrier:

• Makeshift Bucket: The hat could be used to scoop water for horses or personal use when no other container was available.

• Signal Device:

• Communication: Waving the hat was an effective way to signal over long distances in the vast landscapes.

• Fan or Fire Tool:

• Cooling Off: It could be used as a fan to cool down during hot days.

• Fire Stoking: Helpful in fanning flames when starting or maintaining a campfire.

Assistance in Ranch Work

• Animal Handling:

• Herding Tool: Cowboys used their hats to direct cattle or horses by waving or swatting to guide the animals.

• Storage:

• Carrying Small Items: The crown could temporarily hold small essentials like notes, tobacco, or other personal items.

Adaptability and Customization

• Shapeable Brim and Crown:

• Personal Fit: Wearers could mold the hat to suit their needs, such as tilting the brim to one side to block the sun or rain.

• Regional Styles: Different creases and shapes could signify regional preferences or individual styles.

• Chin Straps (Stampede Strings):

• Security: Prevented the hat from blowing away while riding at high speeds or in strong winds.

Practical Symbolism

• Identification:

• Role Indication: The style and condition of a hat could indicate a person’s profession (e.g., rancher, lawman) or status.

• Group Affiliation: Certain styles were associated with specific groups or regions, aiding in quick recognition.

Safety Features

• Physical Protection:

• Barrier: Provided minimal protection against low-hanging branches, falling objects, or accidental bumps.

• Visibility:

• Standing Out: The distinct silhouette made it easier to spot individuals across open terrains.

Economic Efficiency

• Longevity:

• Investment Piece: A well-made hat lasted many years, important in remote areas where replacements were hard to obtain.

• Multipurpose Use:

• Gear Reduction: Served multiple functions, reducing the need to carry additional equipment.

Etiquette and Social Function

• Respectful Gestures:

• Hat Tipping: A universal sign of courtesy or greeting.

• Removal Indoors: Demonstrated respect when entering homes or establishments.

The cowboy hat’s design was a direct response to the practical needs of those who wore it. Its functionality made it an indispensable tool for survival and efficiency in the challenging environments of the West. Its continued use today pays homage to its practical roots and the enduring legacy of the cowboy culture.

.,..

The cowboy hat is more than just a piece of attire; it’s a symbol of the American West and a testament to the rugged individualism that characterized the frontier era. Its evolution reflects the practical needs of cowboys and ranchers, as well as the cultural influences that shaped the United States during the 19th and early 20th centuries.

Origins

Before the cowboy hat became a distinct style, frontiersmen and cowboys wore a variety of headgear suited to their needs. Common choices included:

• Bowler Hats: Popular among working-class men in the East, they offered durability but limited sun protection.

• Derbies and Top Hats: Worn by more affluent individuals, these were less practical for ranch work.

• Civil War Caps: Military surplus provided inexpensive options, though they lacked the wide brims needed for sun protection.

• Sombreros: Adopted from Mexican vaqueros, these hats had wide brims ideal for shading the face and neck.

John B. Stetson and the “Boss of the Plains”

The first design specifically catering to the needs of cowboys is credited to John Batterson Stetson. In 1865, after a health-related move to the West, Stetson created the “Boss of the Plains” hat:

• Design Features:

• High Crown: Provided insulation from heat and cold.

• Wide Brim: Offered substantial protection from sun, rain, and snow.

• Fur Felt Construction: Made from beaver, rabbit, or other animal fur, it was durable and water-resistant.

Stetson’s hat quickly gained popularity due to its practicality and became a staple among Western settlers.

Evolution of Styles

As the cowboy hat gained widespread use, variations emerged to suit personal tastes and regional preferences:

• Cattleman Crease: Features a single crease down the center of the crown with dents on either side. It’s the most common style among cattle ranchers.

• Pinch Front (Foreman Crease): Has a teardrop-shaped crown with pinches at the front, offering a more fitted look.

• Gambler Style: Known for its flat crown and brim, it was popular among riverboat gamblers.

• Tom Mix: Named after the silent film star, this style has an exaggeratedly tall crown and wide brim.

Materials and Construction

While fur felt remained the material of choice for its durability, other materials were introduced:

• Straw: Provided a lightweight option for hot climates.

• Wool Felt: A less expensive alternative to fur felt.

• Leather: Used for fashion statements rather than practical work hats.

Cultural Impact

The cowboy hat became an enduring symbol through:

• Wild West Shows: Figures like Buffalo Bill Cody showcased the hat in performances that romanticized the West.

• Literature and Dime Novels: Stories of frontier adventures often featured cowboys adorned with the iconic hat.

• Hollywood: Western films solidified the cowboy hat’s image globally, with actors like John Wayne and Clint Eastwood making it synonymous with toughness and heroism.

• Music: Country and Western musicians adopted the hat, linking it to a musical genre that celebrates rural and cowboy culture.

Modern Usage

Today, the cowboy hat remains prevalent in:

• Ranching and Rodeos: Still a practical choice for sun and weather protection.

• Fashion: Designers incorporate the hat into collections, blending traditional and modern aesthetics.

• Cultural Events: Worn during country music concerts, line dancing, and Western-themed festivals.

• Collectibles: Vintage and celebrity-owned hats are sought after by collectors.

Conclusion

From its practical beginnings addressing the needs of frontier life to its status as a cultural icon, the cowboy hat embodies a significant chapter of American history. Its evolution mirrors changes in society, fashion, and media, yet it remains a potent symbol of the independent spirit and enduring allure of the American West.

Too slow!

And that’s only half?

Your true ethics are truly shown through your aesthetics?

—> How you look or present yourself is a true indicator of who you truly are?

Or in other words,

Your aesthetics are true!

1. No 93 high octane gas,,, you save a ton of money!
2. Waaaay… maybe 1000x cheaper to maintain?

Matt black eight bit bitcoin icon logo

ERIC KIM bitcoin

Perhaps in order to create the new capital we have to destroy the old capital? What that then means is we have to rethink the whole thing, destroyed the old antiquated forms of capital to make room for the new type of New digital capital, which is harder stronger smarter, have you more dense superior And supreme; which is bitcoin.

A very interesting unorthodox theory… What if in fact, women desired sex more than men?

so assuming that there is currently a fully diluted share of MSTR of 242 million shares, and assuming that bitcoin goes to 10 million a bitcoin, then the simple math means that micro strategy should be worth at least $2.6 trillion. Probably more because that would just be their corporate treasury, the true valuation is more because they could produce more stuff.

so then, assuming that their bitcoin corporate treasury might only be worth like 10% of their value, and 90% of their value should just be about their bitcoin refinery business, then if that is the case… then MSTR at 10 million a bitcoin should be worth $26T… $100,000 a Share for MSTR?

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more

Simple maths

To determine the share price corresponding to a $2.6 trillion valuation for MicroStrategy Incorporated, we divide the total valuation by the number of fully diluted shares outstanding. As of November 11, 2024, MicroStrategy reported approximately 242 million fully diluted shares.

Calculating the share price:

$2,600,000,000,000 ÷ 242,000,000 ≈ $10,743.80 per share

Therefore, with 242 million fully diluted shares, a $2.6 trillion valuation would imply a share price of approximately $10,743.80.

….

242 million shares.

As of November 11, 2024, MicroStrategy Incorporated reported a fully diluted share count of 242 million shares. This figure includes all potential shares from convertible debt and other dilutive securities. The basic shares outstanding were approximately 210.8 million at that time. The increase in diluted shares is primarily due to the company’s strategy of issuing equity and convertible debt to finance substantial Bitcoin acquisitions.

Currently Apple has about a corporate treasury of $156 billion, and let us say that micro strategy currently has a war chest of $26 billion … so some simple mathematics if bitcoin 10x’s from here,.. going from 100,000 coin to 1 million a coin, which is just conservative, more realistically in the long run it will hit $10M a coin,,, if this is the case, … just do the simple math:

$260B for MSTR, which is $100B *more* than APPLE, .. and assuming that bitcoin 100x’s from here, … then that what that means is that there corporate treasury should be worth at least $2.6Trillion dollars?

My simple thought is that one bitcoin should be worth one single family home:

Audio

Even often the good signal is also noise? Emotional truthful noise?

For example, I think Joe Rogan, Elon Musk, Twitter X is starting to actually uncover… That actually the truth is, we’ve always been lied to. But the better question now is now that we know this, why does it matter?

It is really the truth that people want?

For Myself, I ultimately see it like it’s not the truth that we want, in philosophy but rather, aesthetics, ethics, ideas?

Why the truth is a distraction

Assuming you’re not really following mainstream news anyways, why does the truth matter?

Hot take: I think in four years by the end of the Trump presidency, I will not be shocked if bitcoin hits 1 million of bitcoin, which is about 10x from here?

To keep the math simple; I’m just going to assume that bitcoin is like $100,000 of bitcoin right now. So $100,000-$1 million is a 10x gain.

So do the simple math, if you sell your assets right now which are not really rapidly accumulating in value, then, the best way to think about it is that you have to have a strong end up for your timeline. It is currently the year 2024, I think Trump takes presidency 2025, so then the projection should be 2029, Four years from now… Seneca will only be eight years old? Is that like the second grade? And then on top of that it will be another 10 years until he goes to college or just starts his own bitcoin based company or thing.

The future four years from now

Making predictions four years from now is pretty simple. I am very very certain that miracle will accumulate some amount of bitcoins to back strategic bitcoin treasury reserve assets, I think of it like the new bitcoin Fort Knox; my personal thought is that America will decouple herself from the gold standard, and then latch on and hyper charge herself with bitcoin.

The reason why this becomes such a fascinating idea is that then, the US dollar will actually appreciate and value because it is actually backed by something which is real, bitcoin.

Triple Trump Max?

I recently watched a presentation by Michael Saylor, titled the red wave, and it is really really fascinating; now that the red Republicans have taken over the whole government, this is like 1000 X good news for us bitcoin holders as well as micro strategy share owners.

Why is it meant to be such a glorious future for us?

First, the crypto Renaissance. Now that Elon Musk is going to be the new doge chair, which is hilarious, you’ll see a boom in the whole cryptocurrency industry, a new resurgence. And as a consequence, you’re going to see like 1 trillion new crypto based companies having a virtual IPO– even Scottie Pippen is doing interesting with the famous 1991 basketball that he has held for 33 years, and he is like sharing ownership in it or something? $BALL

ANYWAYS, THIS IS ALMOST LIKE THE NEW DIGITAL GOLD WAVE; the new digital gold rush.

Even now, you’re already seen smart rich old families buy best from gold and pour that money into bitcoin instead. You are starting to see the black rock gold ETF becoming consolidated, and having those asset reserves pour into bitcoin the bitcoin spot ETF Ibit by Black rock.

Even watch CNBC news, the squawk box, which is the real financial news. You know it is a big deal when you have all these really really famous investors, admitting that they were actually wrong about bitcoin, although saying it in like a sideways, orthogonal way.

Even this really famous investor in Tesla admitted to the Joe guy, “I told you… You gotta do your own research, and you did your research and I did my research and I know my business and you know your business” which is essentially like a way of ceding defeat and admitting that you were wrong.

How to know that ERIC KIM is a true believer in bitcoin

Very interesting, I’m like one of the biggest NASSIM TALEB Fan boys of all time, and still am. Like four years ago or five years ago, he actually wrote a medium article on how he believed in bitcoin, and actually he even wrote the introduction preface to the bitcoin standard, who was written by another fellow Lebanese American economist and writer.

However, the moment in which I put in the beeswax of Odysseus was when apparently Taleb had a change of heart, and then he became like on a crusade to be super super anti-bitcoin, and making fun of bitcoiners. He also apparently wrote this bitcoin essay on how it was kind of not good, and when I saw it I immediately just shut my eyes, and went off the grid. And instead spending more time at the gym, just lifting weights, not thinking about bitcoin and the whole crypto economy, and just enjoying my lifting.

Also, you know that I am super legit because when the whole FTX meltdown happened, I didn’t even know.  for about 4 to 5 years, I try to shut my ears to bitcoin prices and not think about it, until people would accidentally tell me even against my own will. Or Cindy or my brother-in-law telling me that bitcoin is way down, I never lost hope, I just had to stay focused.

So what does it mean when you’re right?

Kind of weird and amazing, for me the really really big deal was when I first saw bitcoin hitting $88,000 a bitcoin, which was like a lot, because my mind was still pegged at bitcoin at being like an average 65,000 a bitcoin or 62,000 a bitcoin, or even 59,000 of bitcoin.

And then the magic happen, I’m miraculously just looked at the prices by chance, randomly on my iPhone, and I saw that it hit about 91,000, then about 93,000 of bitcoin? Then going on Twitter and seeing that Michael Saylor is already planning the $100k party.

Everyone wants bitcoin to succeed

I think that’s very interesting to me is that actually the whole crypto economy is pegged to the bitcoin. Even loser Ethereum and everything after it.

What is Ethereum? It is like a fake diamond a cubic zirconia, it looks shiny and pretty from the outside but in the inside it is just plastic.

People talk about how you could like create nonfungible tokens, cyber artwork, and you could program on Ethereum… But you fools don’t you know you could do the same exactly on bitcoin? And bitcoin is like at least 1000 X more powerful robust and super superior?

I almost feel like this is against the early days of android versus iPhone. I really really feel like there’s almost 0 reasons to own an android of Google pixel a Samsung phone anymore. Even Google Gemini which came out kind of is lame.

And also the big thing… The sales people at Google they all own iPhone pros.

Don’t ask people what you should do, just see what they personally own.

The joy of waking up

So now that I am like 10% invested in micro strategy, about 90% of my wealth in bitcoin, I actually get super super excited when it is 6:30 AM, the best time of the day. I enjoy looking at the market activity of micro strategy, how it is like essentially like nuclear power and physics insanely volatile, insanely high power, radioactive!

I actually remember as a kid, learning all about nuclear power, and how it was a very good thing, like essentially the magical thing that would change everything, that would essentially make energy and power practically free. I still believe this way.

I think the hard thing about nuclear power is that like anything in life, high volatility and massive upside, you just gotta be careful. Assuming you take all the smart MIT nuclear physicist to build these nuclear pants, somewhere maybe in the desert, and you do it safely, the Asymmetric payoff;

You have 1000 to one benefit ratio.

Once again nuclear waste and the potential for another Fukushima is possible, but also do you suddenly turn everyone to a buggy wagon and horse because people die in car accidents? 

Also, do you ban people from owning iPhones because there are so many debts related to texting while driving?

Or do you ban people from using electricity because there are some people who either use it as a weapon, how you could kill people with the electric chair, etc.?

I think this is also the tricky thing with guns; obviously there are all these crazy mass murderers with guns, and these fucking asshole pussies who bring it to a wedding, leave it in a book bag unattended in the guest room closet, to only have a crazy alcoholic woman stealing people’s wallets and shit, miraculously finding the gun, and then putting it on top of your kids car seat. I am not joking this is a real story which happened to me.

There are people who live in the wilderness, who actually may be hunt a game to feed their families. I respect that. What I personally hate all these skinny fat losers with beards, these small dick midgets who accumulate guns and ammunition to act tough? To me this is worse than insane, it is only a thing that a man without a penis would do. And no balls. A bunch of Ken dolls without genitalia.

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Think about the time cost to capital

Another big thing to consider, the time cost to capital. The general idea is that to build things actually just takes a lot of time, human effort, meetings, friction, working through things.

Time is the ultimate acid that we got, something which is not really really recoverable.

Like assume that you have a maximum human lifespan of 120 years, at best. However, impossible to know whether you’ll make it. I would say maybe more conservatively, we should think of like 90 years, that is like the new 80.

So if you knew with 100% precision that you would die at 90 or 92 or whatever, hopefully still with your six pack, then, how would you approach life differently?

First, my personal thought is there should really not be a profit motive. Why? With profit motives, profit is fine, but the issue is that the easiest way to make profit and make money is super simple; just buy bitcoin! If you want to make US dollar gains, then you just purchase micro strategy stock!

So then, the next step is just like kind of more like altruism; assume that you’re like worth $100 billion of bitcoin and you could afford anything on the planet, but the better question is do you really want do you really care? Is this going to create some sort of substantive impact on the planet which is something that you desire?

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Why?

So the reason why I have such a strong predilection towards Bitcoin is that I feel like I have a strong moral an ethical imperative behind it.

So I am all about open source, this has generally been my guiding principle for the last 15 years, maybe even 20 years of my life. The general idea was very very simple;

Information should be free!

Obviously I get it; there are certain people who create stuff we need to get paid and pay rent, I get it! But if you’re like somebody liked Tim Ferriss, or even Joe Rogan, and you’re already super rich… Why do you need advertisements? Why do you need more money?

I have no issues with greed wanting more money etc. It is all good. But maybe the more interesting question on my mind is what are your personal guiding principles in your personal imperative which drive you? Like, why do you care why do you do it?

So for me… The whole route of my open source philosophy was that I grew up super poor without access to nothing, and I want to treat others like how I would like to be treated. I want to be able to empower the other scrappy 19-year-old kid, like my friend Dylan Fan, to become something great, just giving them access to information education etc.

This is also where I’m kind of interested in doing more like these free open source online Zoom Bitcoin workshops on Zoom and other stuff. I don’t want people to have any barriers to access information or knowledge, which could really benefit themselves. 

Because honestly at this point, I’m making dumb money, even I’m flabbergasted. Cindy is too. And so is my mom.

You know it’s a good sign when even you are shocked

“I’m shocked too!” – JAY Z

I think you know you’re onto something good is even if you shock yourself, even if you believe in something and you succeeded, and you are made correct, you are rectified, but still… it still shocks you?

ERIC KIM FILM LEICA MP & LEICA 35mm f2 ASPH AUCTION

So I have a vision, maybe this will be big news: I’m going to sell my old film Leica MP, and my Leica 35 mm F2 ASPH lens to the highest bidder. I will only accept bitcoin.

If you wanna put in a bid, own a piece of photography history, email me at eric@erickim.com with your offer. I will sell this to the highest bidder.

Also I will make a pledge; the second after we confirm details, and we lock in the  details whatever, I will guarantee I’ll give you the best value of your bitcoin for my set up, assuming that even marked prices fluctuate a bit. In short I’ll be more generous to you.

Also, I think the fun thing is that it will be the first time I do a really big transfer just using bitcoin and bitcoin wallets– like a real pure to prayer, P2P transfer.

Technically this was the whole vision of Satoshi; being able to transfer value and money without a trusted intermediary. Not having to do it through loser PayPal, or loser bank, we’re having to deal with loser SWIFT code bank transaction wire stuff. 

Like doesn’t this make super sense,  that you would actually… If you want to sell something with a high value amount, thought you would just do it peer to peer with bitcoin, without having to deal with the messy business of some sort of third-party?

Like for example… Even a simple thing, if I owned like $1 million house I wanted to sell it directly to you, isn’t the most logical thing that I could just meet you in the flesh, shake your hand, and then immediately transfer $1 million from my bitcoin balance directly to you? Wouldn’t this make the most sense?

Or, if I owned like a $250,000 Lamborghini, that I could once again, test drive your car, tell you that I like it, shake your hand and immediately zap you like one or two bitcoins?

Or if you had a cyber truck, that I could give you like half a bitcoin for your cyber truck? Or maybe a quarter? 

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The general principle is super straightforward and easy; whenever you’re about to do something say something or check something… Or pull out your phone or your iPad whatever… Don’t do it as a nervous tic, rather, pause for like a minute or two, maybe walk around a bit before you really do it?

For example, like if it’s outside of market trading hours, just delete your trading app from your phone, delete Coinbase from your phone or iPad whatever, and the goal is never ever ever check stuff if you don’t actually really really plan on taking action.

For example if it is the weekend, the evening, and the traditional markets are closed, you cannot sell stock or buy or trade or swap or accumulate something, then… Just delete all the apps from your phone and devices, and don’t bother for the weekend!

Hot take: I think in four years by the end of the Trump presidency, I will not be shocked if bitcoin hits 1 million of bitcoin, which is about 10x from here?

To keep the math simple; I’m just going to assume that bitcoin is like $100,000 of bitcoin right now. So $100,000-$1 million is a 10x gain.

So do the simple math, if you sell your assets right now which are not really rapidly accumulating in value, then, the best way to think about it is that you have to have a strong end up for your timeline. It is currently the year 2024, I think Trump takes presidency 2025, so then the projection should be 2029, Four years from now… Seneca will only be eight years old? Is that like the second grade? And then on top of that it will be another 10 years until he goes to college or just starts his own bitcoin based company or thing.

The future four years from now

Making predictions four years from now is pretty simple. I am very very certain that miracle will accumulate some amount of bitcoins to back strategic bitcoin treasury reserve assets, I think of it like the new bitcoin Fort Knox; my personal thought is that America will decouple herself from the gold standard, and then latch on and hyper charge herself with bitcoin.

The reason why this becomes such a fascinating idea is that then, the US dollar will actually appreciate and value because it is actually backed by something which is real, bitcoin.

Triple Trump Max?

I recently watched a presentation by Michael Saylor, titled the red wave, and it is really really fascinating; now that the red Republicans have taken over the whole government, this is like 1000 X good news for us bitcoin holders as well as micro strategy share owners.

Why is it meant to be such a glorious future for us?

First, the crypto Renaissance. Now that Elon Musk is going to be the new doge chair, which is hilarious, you’ll see a boom in the whole cryptocurrency industry, a new resurgence. And as a consequence, you’re going to see like 1 trillion new crypto based companies having a virtual IPO– even Scottie Pippen is doing interesting with the famous 1991 basketball that he has held for 33 years, and he is like sharing ownership in it or something? $BALL

ANYWAYS, THIS IS ALMOST LIKE THE NEW DIGITAL GOLD WAVE; the new digital gold rush.

Even now, you’re already seen smart rich old families buy best from gold and pour that money into bitcoin instead. You are starting to see the black rock gold ETF becoming consolidated, and having those asset reserves pour into bitcoin the bitcoin spot ETF Ibit by Black rock.

Even watch CNBC news, the squawk box, which is the real financial news. You know it is a big deal when you have all these really really famous investors, admitting that they were actually wrong about bitcoin, although saying it in like a sideways, orthogonal way.

Even this really famous investor in Tesla admitted to the Joe guy, “I told you… You gotta do your own research, and you did your research and I did my research and I know my business and you know your business” which is essentially like a way of ceding defeat and admitting that you were wrong.

How to know that ERIC KIM is a true believer in bitcoin

Very interesting, I’m like one of the biggest NASSIM TALEB Fan boys of all time, and still am. Like four years ago or five years ago, he actually wrote a medium article on how he believed in bitcoin, and actually he even wrote the introduction preface to the bitcoin standard, who was written by another fellow Lebanese American economist and writer.

However, the moment in which I put in the beeswax of Odysseus was when apparently Taleb had a change of heart, and then he became like on a crusade to be super super anti-bitcoin, and making fun of bitcoiners. He also apparently wrote this bitcoin essay on how it was kind of not good, and when I saw it I immediately just shut my eyes, and went off the grid. And instead spending more time at the gym, just lifting weights, not thinking about bitcoin and the whole crypto economy, and just enjoying my lifting.

Also, you know that I am super legit because when the whole FTX meltdown happened, I didn’t even know.  for about 4 to 5 years, I try to shut my ears to bitcoin prices and not think about it, until people would accidentally tell me even against my own will. Or Cindy or my brother-in-law telling me that bitcoin is way down, I never lost hope, I just had to stay focused.

So what does it mean when you’re right?

Kind of weird and amazing, for me the really really big deal was when I first saw bitcoin hitting $88,000 a bitcoin, which was like a lot, because my mind was still pegged at bitcoin at being like an average 65,000 a bitcoin or 62,000 a bitcoin, or even 59,000 of bitcoin.

And then the magic happen, I’m miraculously just looked at the prices by chance, randomly on my iPhone, and I saw that it hit about 91,000, then about 93,000 of bitcoin? Then going on Twitter and seeing that Michael Saylor is already planning the $100k party.

Everyone wants bitcoin to succeed

I think that’s very interesting to me is that actually the whole crypto economy is pegged to the bitcoin. Even loser Ethereum and everything after it.

What is Ethereum? It is like a fake diamond a cubic zirconia, it looks shiny and pretty from the outside but in the inside it is just plastic.

People talk about how you could like create nonfungible tokens, cyber artwork, and you could program on Ethereum… But you fools don’t you know you could do the same exactly on bitcoin? And bitcoin is like at least 1000 X more powerful robust and super superior?

I almost feel like this is against the early days of android versus iPhone. I really really feel like there’s almost 0 reasons to own an android of Google pixel a Samsung phone anymore. Even Google Gemini which came out kind of is lame.

And also the big thing… The sales people at Google they all own iPhone pros.

Don’t ask people what you should do, just see what they personally own.

The joy of waking up

So now that I am like 10% invested in micro strategy, about 90% of my wealth in bitcoin, I actually get super super excited when it is 6:30 AM, the best time of the day. I enjoy looking at the market activity of micro strategy, how it is like essentially like nuclear power and physics insanely volatile, insanely high power, radioactive!

I actually remember as a kid, learning all about nuclear power, and how it was a very good thing, like essentially the magical thing that would change everything, that would essentially make energy and power practically free. I still believe this way.

I think the hard thing about nuclear power is that like anything in life, high volatility and massive upside, you just gotta be careful. Assuming you take all the smart MIT nuclear physicist to build these nuclear pants, somewhere maybe in the desert, and you do it safely, the Asymmetric payoff;

You have 1000 to one benefit ratio.

Once again nuclear waste and the potential for another Fukushima is possible, but also do you suddenly turn everyone to a buggy wagon and horse because people die in car accidents? 

Also, do you ban people from owning iPhones because there are so many debts related to texting while driving?

Or do you ban people from using electricity because there are some people who either use it as a weapon, how you could kill people with the electric chair, etc.?

I think this is also the tricky thing with guns; obviously there are all these crazy mass murderers with guns, and these fucking asshole pussies who bring it to a wedding, leave it in a book bag unattended in the guest room closet, to only have a crazy alcoholic woman stealing people’s wallets and shit, miraculously finding the gun, and then putting it on top of your kids car seat. I am not joking this is a real story which happened to me.

There are people who live in the wilderness, who actually may be hunt a game to feed their families. I respect that. What I personally hate all these skinny fat losers with beards, these small dick midgets who accumulate guns and ammunition to act tough? To me this is worse than insane, it is only a thing that a man without a penis would do. And no balls. A bunch of Ken dolls without genitalia.

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Think about the time cost to capital

Another big thing to consider, the time cost to capital. The general idea is that to build things actually just takes a lot of time, human effort, meetings, friction, working through things.

Time is the ultimate acid that we got, something which is not really really recoverable.

Like assume that you have a maximum human lifespan of 120 years, at best. However, impossible to know whether you’ll make it. I would say maybe more conservatively, we should think of like 90 years, that is like the new 80.

So if you knew with 100% precision that you would die at 90 or 92 or whatever, hopefully still with your six pack, then, how would you approach life differently?

First, my personal thought is there should really not be a profit motive. Why? With profit motives, profit is fine, but the issue is that the easiest way to make profit and make money is super simple; just buy bitcoin! If you want to make US dollar gains, then you just purchase micro strategy stock!

So then, the next step is just like kind of more like altruism; assume that you’re like worth $100 billion of bitcoin and you could afford anything on the planet, but the better question is do you really want do you really care? Is this going to create some sort of substantive impact on the planet which is something that you desire?

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Why?

Another big thing to consider, the time cost to capital. The general idea is that to build things actually just takes a lot of time, human effort, meetings, friction, working through things.

Time is the ultimate acid that we got, something which is not really really recoverable.

Like assume that you have a maximum human lifespan of 120 years, at best. However, impossible to know whether you’ll make it. I would say maybe more conservatively, we should think of like 90 years, that is like the new 80.

So if you knew with 100% precision that you would die at 90 or 92 or whatever, hopefully still with your six pack, then, how would you approach life differently?

First, my personal thought is there should really not be a profit motive. Why? With profit motives, profit is fine, but the issue is that the easiest way to make profit and make money is super simple; just buy bitcoin! If you want to make US dollar gains, then you just purchase micro strategy stock!

So then, the next step is just like kind of more like altruism; assume that you’re like worth $100 billion of bitcoin and you could afford anything on the planet, but the better question is do you really want do you really care? Is this going to create some sort of substantive impact on the planet which is something that you desire?

Creating things which are superior ,,, yet like half or a third or a fourth or even tenth of the price?

Model 3 performance > Lamborghini

Goals — get all my rich millenial friends to start buying Bitcoin?

Not even them being “rich”—, but having high income yielding jobs from big tech companies.

Bitcoin is the ultimate network effect,,, because money is still 1000x more important than news, your “friends” (Facebook), or media (Instagram, YouTube, TikTok etc)— and a trillion times more important than search!

Congress bill >

This Act may be cited as the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2024” or the “BITCOIN Act of 2024”.