So for a long time, we have been kind of suckered into thinking that free is good and preferable. For example just think about all these trashy films that you see on airplane, but none of them worth watching.

Is that get older, but actually become more valuable is my time and attention. And therefore, paying money for stuff is a good thing because it actually helped you allocate your time more efficiently.

For example, all of the movies or things that I watch, whenever possible I tried to pay for it. I’ll just buy the movie on Apple TV+, why? Skin in the game. Money in the game. You never know what you really care for until you actually pay money for it?

Care points

Money isn’t everything but when your friend spends hundreds of dollars for a nice present for you… It truly is a signal and sign that he or she really cares for you?

Why? Once again, it’s not really necessarily that money is the Apex value… But there is some sort of sacrifice that happens. There is often a psychological pain that happens with purchasing something with your own hard earned money, and when you part with that money, You are sacrificing something for that other person, which signals true care.

Also the interesting thing is assuming you send your kid to a private school or something, also, here you have a choice not to obligation. Therefore is a consequence, whatever school you actually send your kid to, is typically a signal and sign that you have actually considered the school, And purposefully chose it, rather than being the random school that your kid goes to simply because of your home address.

so how many bitcoins do you own?

I almost feel like this is a better conversation starter. The funniest thing is still with bitcoin, everybody knows the price of a single bitcoin yet because it still doesn’t really feel like mainstream money or property… I think the average person is more comfortable talking about how many bitcoins they own rather than how many US dollars they have in their checking or savings account?

Even right now… We kind of metaphorically display our wealth through the clothes that we wear, whether or not we own a home or not, by the car we drive etc. 

Also, assuming that we live in some sort of dystopic world, imagine if actually… With 100% transparency you could see everyone, by how many bitcoins they own. And then become some sort of new credit score or credit check. The simple workflow is this: to prove ownership of a certain wallet, you could just bust out your Bitcoin wallet on your phone and show it to the other person, or for proof, just sending a single set sheet to a certain address for confirmation. I’m still not 100% sure how ordinals and other bitcoin messaging systems work, but can you imagine the world in which it would just cost you a single Satoshi to send a message receive it, kind of like the early days a text messaging MMS in which you would have to pay like five or 1010 for every single text message you sent or received?

The reason why this is such a genius idea is that a single Satoshi, is actually not worth very much. But there is still some sort of skin in the game, coin in the game.

it’s over 500,000!

The big news is micro strategy, now rebranded to strategy, MSTR, has now broken the 500,000 bitcoin mark. To me this is almost as significant as when I broke the thousand pound weight lift, first Atlas lifting 1000 pounds, then, doing a weight belt assisted hip thrust rack pool for 1005 pounds.

The reason why this is significant is that numbers matter. And psychological numbers matter, as well as limits. When we break a certain number or threshold, it starts to become more like a self fulfilling prophecy.

For example with salaries, I remember starting off graduate in college making $40,000 a year, now it’s kind of insane that I could easily make $40,000 in a single day?

For example for the typical American, we also measure certain things like one you make a salary that is over $100,000 $200,000, etc. These numbers matter.

What is also interesting is that bitcoin becomes the new metric because the bitcoin is standardized. It becomes the new international monetary language. 

For example, in America we use pounds, elsewhere they use kilograms. So for the average weightlifter, everyone’s goal is to break 400 pound dead lift. But I wonder if in the rest of the world, the goal is like a 200 kg deadlift. 

For example, a 1000 pound deadlift sounds impressive, but when Eddie Hall first tried to create a new world record, it was a 500 kg deadlift. Once again, I think there is like a bias towards round numbers?

Another thing which is great about living here in Cambodia is that everybody uses US dollars, therefore it makes life a lot easier because the cost of things is standardized, you don’t have to do some sort of silly metal maths to  calculate prices, you could just use US dollars, and make your life easier more streamlined.

Like imagine if time were delineated differently in different countries. Fortunately we all use minutes hours seconds… Imagine if there were two systems how much confusion there would be.