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Saving

Saving is the mother of capital

Time preference is positive

Labor nature and time stored up –> capital

Productivity in capital 

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Ignore for Innovation

Ignore or don’t do anything that other people are doing; so for example in car design, the less known automobile producers are trying to make their vehicles look like a more prestigious brand. For example, everyone is trying to make their car look like a Mercedes Range Rover or maybe a BMW.

But the intelligence strategy is to forsake this, to rather instead, to think first principles, and then, maybe the intelligent strategy is actually, to force herself to not be influenced by others other designs other people etc.

Certainly there is a virtue for learning from the best and imitating the best. Perhaps also for true radical innovation, you most need to be blind or autistic to others. 

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Capital, capital Innovation is a technology ?

Think of poverty as the lack of capital, capital Tools capital Technology

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Becoming more efficient, living more efficiently

Without a kitchen every single meal is expensive

Interesting… Thinking of a kitchen like a technology good and invention in innovation, which makes consuming food cheaper?

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Entertainment

How to perform, performance? Putting on a performance?

Becoming more entertaining in real life?

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Lower their time preference

Destroying capital is very easy

Gas gasoline money is also capital

Risk & certainty.

Bitcoin is certainly 100% going to go out, therefore it is not risky or uncertain. 

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How to become a capitalist

Bitcoin capitalist

Outputs

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The loss of capital?

Serve people to maintain my capital

Owning capital is a liability and privilege , responsibility

Don’t just borrow your bitcoin and go to sleep forever

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Economics as human action?

Think savings

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Over training

Super training

How to become a capitalist

Think utility

Utility training

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Capital Training

An interesting analogy if you think about weightlifting versus capital finances etc.; the idea of delaying or Epstein from certain practices with the future in general?

For example, let us say that you love to eat cake, and it is your passion to eat cake. Your whole life is about cake. Yet you do not like being fat, you don’t like having a cake belly, yet you do not want to stop eating cake.

 let us say you want a six pack,