Better capital vs more capital

Prius vs sports car

Can you purchase power?

The only true power is muscles?

The more technologies can be attempted and found

ATTEMPT

.

Investing in better materials?

Technology like recipe to cook a meal

Recipe

Labor saving devices, save labor!

Becoming a market mover

How to move, how to move the market?

.

REDUCTION of choices?

Ultimate scarcity — human time!

Time, gaining time capital?

How to accumulate time?

.

The wheel –> productivity

Low capital utilization

More productive jobs

Fulfill human needs –> the value of goods

Humans are mobile , we don’t like staying in one spot for too long

Trade and transportation

.

Tech advancement kills slavery

Mutually beneficial

Machine slaves

High standard of living

.

Push

Moving fluids, mechanical power

Engineer vs Scientist

Tinkerer

.

Visual Scientist

Steam engine, thermodynamics

Wright brothers

.

Soft ware

Programmable using punch cards

.

Sex Appeal?

Sex appeal for a man?

.

Don’t censor ***

.

Intellectual property vs property rights?

Patent trolls

.

Bitcoin Solves the Monetary Problem, What Fixes the Human Body Physiological Problem?
.

Empirical evidence and support

Most people are not wise

.

Bitcoin vs “Property”–

Sex & power –> to produce children!

.

Using energy

What is “energy”?

Energy ability to cause changes?

Preform work on or heat the object?

.

Energy is heat?

Human energy food and sunlight!

.

Obtain energy from the sunlight! ***

.

Backed by digital power (Bitcoin)

.

Digital Token — fungible, offering utility

Fair disclosure, ethical behavior

No lie cheat or steal

Efficiency & innovation

Free market competition & Innovation

Vision: a capital markets renaissance

Cost reduction , rapid issuance

Access expansion **

.

Access Expansion: Open capital markets to 40 million businesses (up from the current
4,000 public companies).

.

4,000 Public companies expand to 40 million

Broader PARTICIPATION : tokenized assets

.

Digital Assets Leadership: Drive growth in digital assets (beyond Bitcoin) from $1
trillion to $590 trillion, with the United States dominating this industry

.

590x

$1T to $590T!

590x?

.

Energy density?

.

“Wood contained 16 MJ/kg, and in comparison, coal, a solid hydrocarbon fuel, was a significant leap forward, with 24 MJ/kg. Liquid hydrocarbon, oil, has a higher energy density with 44 MJ/kg, and natural gas is the densest of the hydrocarbons, at 55 MJ/kg. Nuclear power, on the other hand, is in a completely different league, with 3,900,000 MJ/kg”

Excerpt From
Principles of Economics
Saifedean Ammous
https://books.apple.com/us/book/principles-of-economics/id6450635595
This material may be protected by copyright.

44mj/kg, vs 3.0mj/kg?

.

7,000x sun, consume a year

.

Sun in one hour more than humans use a single year!

.

Real cost of things can only be opportunity cost?

.

There is no energy scarcity problem

.

Sun, water, and wind power

All energy is ultimately free

Time

Place

Relative scarcity

.

Energy is not an economic good but power is

Power: measure of energy over time duration

.

Next marginal unit

Marginal quantity, marginal need

.

Desired intensity

People buy power not energy **

How to buy power, why?

Wind is free but harnessing that energy is not free

Power: Utility of energy to humans

.

6000x fold power!

Think 1000x?

.

Oil coal gas

Unlocking latent energy !

.

“The great enrichment”!