$50B in Bitcoin
We are in year 0
6 months in
Capitalized on Toxic credit
10-20 year life because sitting on
Bond is 10-20 years
How to take on the sun?
.
The power is in your hips?
.
$500,000 a Bitcoin in JPMORGAN Chase
85% discount do the work
2020– 98% discount
2013 — 99.8 discount , more risk more work
.
Study for 3 years
Why should we take that risk?
How many bitcoin have they lost?
How to NOT lose your coins
10-31 VC, 36 Bitcoin startups … trying to accumulate as much bitcoin as possible
Low expenses, high cash flow.
.
How to build a war chest?
Why war chest?
.
Profit and Loss
Start with the money
+50% a year
Amazon
Work yourself to death
Probably look at AI? Distribution and labor
Lose 5% with bonds, 10-12, 20-22% bitcoin
.
Trillion dollar corporations
AI –> medical care, people in middle out of business
.
The second best –> nobody wants the second best of anything! ***
Sell a billion
Difficult to displace fidelity
$15B of Bitcoin
Don’t throw good money after bad.
.
We want the upside without downside
Volatility and risk ***
Convertible bond 70% upside, 5x over collatarized on downside
Get half the upside, 5% of downside –> security
Strip volatility or risk from bottom
.
55% upside even though lots of volatility
20% upside no volatility
First is the right example.
.
Launching a business is hard, investing is hard ***
Investing is hard ***
Saving was hard under fiat standard, hold for 4 years easy bitcoin –> doesn’t matter volatility
.
Business is hard **
Slack, zoom
.
Beat the S&P
$800M
They must buy a convertible bond
If the ducks are quaking feed the ducks!***
.
Move from the old world to the new world, conduit.
Solve custody
Take away downside risk
Not as good
.
Energy frequency and vibration
Don’t bleed off energy
Things you can do in outer space forever impedance? Where is the impedance
GOLD NOT good for transaction
.
Don’t trade Apple stock as legal tender
.
No tax
El Salvador legal tender
No taxable event, Satoshi on lightning
Base layer too expensive
.
95% kept in capital account, 5% in local checking account
.
Buy it the second before you
Vibrate it
Matt
Don’t send all of your money to the government
Tether
High frequency checking.
Stay rich and compliant and never pay capital gains
.
Tax treatment ***–> politics Matter
Legal tender –> no tax treatment
Property tax, tax on time.
Transfer it never
Taxes are 40% of equation
Defer or avoid tax
–> avoid taxes! ***
.
Politics matter. People don’t take it seriously
Politics clearly matter
Freedom power, freedom tech
The government is not your enemy!
HOPE
Larry fink?
DAY 0
Today is day zero!
Everyday is day zero!
.
Robert f Kennedy
Insane critical frugality ***
.
Spartan Economics
The Germans are foolish
.
Backpack which can fit Olympic plates?
Every 4 years
.
He who accumulates the most bitcoin shall win?
Bhutan?