Bitcoin, bitcoin as digital land prospecting
So I thought on my mind is about land prospecting, digital land prospecting.
So just walking around my local neighborhood, I effing love it. It’s like the most the best perfect neighborhood of all time, and also the neighborhood is actually highly under known, and also underappreciated. As a consequence, what it essentially makes me think is, so much of this in life etc., is about prospecting digital prospecting.
So do you hear these stories about these early industrial lists or investors,,, who essentially just fought a huge amount of land, and then obviously, looking in retrospect, became fabulously wealthy through development real estate etc.
Now, we’re going through an interesting moment where essentially the new digital industrialists like Michael Saylor of Strategy.com, MSTR, are buying up insane amounts of new digital land, digital cyber property which is bitcoin.
I think I think that’s very very difficult to understand is typically whenever we think about things as digital we think that it means free and easy and cost free to replicate. For example, if I have a JPEG image of one of my famous photos, I could copy it 1 trillion times at no cost. With bitcoin you cannot.
I think the easiest way to think about this is that bitcoin is like 21 million parcels of digital land, perfectly sectioned in cyberspace, and there will never ever ever ever ever be more than 21 million parcels of land. As a consequence, it seems pretty obvious that the more parcels of land you could acquire, right now, it is still year one, or year zero… looking into the future you’ll be insanely rich.
wealthy is perspective
So another big thought I have is wealth, being wealthy or whatever… Really honestly truly is just a mindset thing. For example, even an average an American, with an iPhone Pro is like 1 trillion times more wealthy than the person in the countryside of Cambodia, barely scraping by.
Or even the average Uber driver in America, far more wealthy and powerful than the average tuk tuk driver in Phnom Penh Cambodia.
Or, even if you’re just like an average tech worker, so much more fabulously rich and wealthy and prosperous than the lady cleaning houses making $200 a month.
Anyways, then I suppose this is not really a moralistic thing, … like this whole be grateful for what you got, I don’t really buy it. Better to be practical and strategic about things.