Save money is to save energy?
.
Why have a trophy asset?
Why trophies? 
.
Too good, government is gonna ban it?
Chaos & Bitcoin
.
Monetary Strength
.
Artificial . Not credible
Weak currencies will collapse
.
If trump gets elected, economy will get stronger
–> more antagonistic to China?
.
90 days, NASDAQ
.
For 30 years, 10 years?
Open digital network
.
Gradually then suddenly
300T
.
Regulated stable coin
.
Thinking like a capitalist?
.
New products. New financial products?
.
Bitcoin as a digital hotel?
–> generating yield?
.
Regulated stable coins
.
Broken glass
.
SPACK
traditional IPO?
.
Separate the men from the boys
Don’t be a boy– be a true mensch?
Value?
.
Life stages
For the patient investor
Don’t leverage or over leverage
.
Flush out the system
Creative detox, creative destruction
Crossing the Chasm
Take the long view
.
Intelligent, affluent buyer 10 years from now —
75% draw down –> can I stand that?
Cut in half over night –> deleverage
25% loan to value?
.
Manage without any leverage
We need better leaders?
Economy, economy car,,, economy living
Economic Living
.
THE HELLCAT
.
Internet … base layer. Email
Lightning network
Open, Permissionless protocol for transactions world wide
.
Program the money
.
“Your neck looks old”
.
SMTP–> email systems to inter operate
Email integration
Open protocols win, proprietary loses
Ethical, Permissionless
Trust them
Trust is critical
Everyone shares , nobody controls
.
Open AI
.
Billion fake accounts on Twitter, YouTube, TikTok. Instagram, Facebook
Free accounts –> must be crypto or monetary secured
Post a security deposit
Integrate it all
Positive friction
Create friction
100 satoshis.
Consequence, truth and integrity in cyber space
Unstoppable
Inscribe truth
Messages, emails with satoshis
Sign a message now
.
10 years from now,,, cryptographically prove you said it and own it
.
Prove you own your own money **-> first idea
Cyber security and truth network
Bet on the best horse
BITCOIN IS THE GOAT
Is GOAT zero sum?
.
Free sats?
.
Fake Ferrari
.
Wax Seal not broken
.
The greatest stoic of all time? –> EK?
.
SENECAXX
.
MODULATE
.
Future conflict ..space , cyber power
Cyber defense system ,,, cyber, digital power?
.
DDOS
.
CYBER POWER
.
Simple. Simplicity
Cryptographically sign email
.
Lightning
.
Make it kid proof
Kid unbreakable
.
Lightning address
THOR
.
Satoshi reward
Don’t be late, I want the Satoshi reward
.
Bitcoin is a religion
Religion > Cult
.
150M bitcoin wallets
Every Amazon account into lightning address
.
Survey for satoshis
Think Satoshis
.
The more useful and up vote ,,, more Satoshis
.
A new Reddit or social media network with lightning and satoshis?
.
Micro transaction and streaming
.
Capital Moves
Safety
Well engineered. Decentralized protocol
4 Mb, 10 minute frequency
Decentralized node network
.
14 years to diffuse and mature
Growing pains
21M, beautiful halving protocol, every 4 years
.
You must cap it ***
Digital commodity
.
Digital scarcity
True scarcity
.
Analogue Power
.
Infinite gold in the universe
Sequentially numbered gold coins forever
.
Bitcoin Hedge Fund
–> blend of ETF, owner private, etc?
10T, 100T monetary energy, 500T monetary energy
Monetary Energy
.
Denier, haters don’t buy
.
THINK from fundamentals
Technocrat
100s hours, maximalist investor
Back testing is fake
Dollar cost average
Do what’s best for Seneca & Cindy
.
Break all the models
.
Young investor
Short sellers ,,, people who short bitcoin will eventually buy it!
–> on a long enough time horizon, haters become lovers!
*
Reverse order
The most exciting market in the world
.
Saturday afternoon
.
Fundamental investors
.
Technocrat -> Maximalist
Water flows down hill
.
Skeptical of steel, aluminum and electricity
.
Lower to the ground is always best?
.
Taller up is more fragile
.
Bitcoin adjacent companies
Tightening
.
Tighter is Better****
.
Bright orange is best ***
.
Mile stone
Very big positions
.
Think Achilles
.
Think Sparta
300… hot gates
.
Men don’t care for old women,,, older women?
.
“Companion”– companionship is bad?
.
Energy costs
How to hedge?
.
.
Electricity expensive ,,, upgrade your technology
Technology and capital intensive
.
Edge of the power grid
Antiquated equipment gets squeezed out
.
Fertility for child begetting
.
The cost of energy —
Self healing and naturally healthy
.
Energy to capital intensive
.
The cheapest electricity or the cheapest and best ASICs
.
Count the number of ways you can fail
Re-neg
Jack up the price, re negotiate
Triple lease price?
Secure the energy supply
.