We must decouple the idea that money is fiat currency US dollars. Instead, money is something else… 

“Those who confuse entrepreneurship and management close their eyes to the economic problem…. The capitalist system is not a managerial system; it is an entrepreneurial system.”
—Ludwig von Mises5”

Excerpt From
The Bitcoin Standard
Saifedean Ammous
https://books.apple.com/us/book/the-bitcoin-standard/id1396764099

Scarcity is the starting point of all economics 

Scarcity versus abundance?

I have a theory: perhaps the reason why unemployment is so high is that individuals are no longer tempted to work these meaningless jobs, in exchange for flaccid fiat currency. Once again note, now at McDonald’s, because the minimum wage in Los Angeles has been raised from $16 an hour to $20 an hour, overnight, Anyone with half a brain working at McDonald’s! This is insane!

Also, overnight, the price of goods and food has shot up! ample, a single burger patty at Shake shack only used to be $1.50, now, after the minimum wage hike, suddenly overnight, the purchasing power of my US dollar has become extremely devalued, a single burger patty is $2.50!!! This is an inflation of a dollar, overnight!!

This is bad news. Raising the minimum wage from $16 an hour to $20 an hour for fast food workers, is insane. Don’t these fools know that artificially increasing the minimum wage will eventually just make rent prices, housing prices, and all food prices, gas prices go up? 

“The cause of waves of unemployment is not ‘capitalism’ but governments denying enterprise the right to produce good money.”
—Friedrich Hayek”

Excerpt From
The Bitcoin Standard
Saifedean Ammous
https://books.apple.com/us/book/the-bitcoin-standard/id1396764099

“See Michael Holroyd, Lytton Strachey: The New Biography, vol. I, p. 80, in which a letter sent by Keynes to his friend Lytton Strachey in the Bloomsbury set advised them to visit Tunis “where bed and boy were not expensive.” See also David Felix, Keynes: A Critical Life, p. 112, which quotes a letter from Keynes in which he informs a friend, “I’m leaving for Egypt … I just learned that ‘bed and boy’ is prepared.” In another letter, he recommended Strachey go to Tunis and Sicily “if you want to go to where the naked boys dance.”

Excerpt From
The Bitcoin Standard
Saifedean Ammous
https://books.apple.com/us/book/the-bitcoin-standard/id1396764099

“Keynes was a libertine hedonist who wasted most his adult life engaging in sexual relationships with children, including traveling around the Mediterranean to visit children’s brothels”

Excerpt From
The Bitcoin Standard
Saifedean Ammous
https://books.apple.com/us/book/the-bitcoin-standard/id1396764099

John Maynard Keynes was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. He lived from 1883 to 1946. Keynes is best known for his theory on the causes of prolonged unemployment, which he presented in his seminal work, The General Theory of Employment, Interest, and Money (1936). His theory, known as Keynesian economics, suggests that in the short run, especially during recessions, economic output is strongly influenced by aggregate demand (total spending in the economy).

Keynes advocated for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression. His ideas have been widely used to justify economic intervention policies by governments and have influenced various aspects of modern macroeconomic policies, particularly regarding the role of government in stabilizing the economy over the business cycle.

I think when it comes down to it, Donald Trump was a pushover, allowing everyone to get a free $1000? 

The Chicago Bulls, bulls, bull market, bully, Lamborghini Bull

I’m a bull just like the hometown ! – Ye

When can and when should one stop accumulating capital?

How does one accumulate capital? By saving it, conserving it, and stacking it —

Capitalism as an economic system based on capital accumulation from saving? 

“capitalism—an economic system based on capital accumulation from saving”

Excerpt From
The Bitcoin Standard
Saifedean Ammous
https://books.apple.com/us/book/the-bitcoin-standard/id1396764099

My overall critique of economist is that there are two focused on the future. The utility value of the future, saving for the future, whatever. Yet what a lot of these skinny fat anemic low muscle mass dweebs don’t know is how to live right now in the present moment?

https://data.chain.link/streams/arbitrum/mainnet/btc-usd

Chainlink bitcoin data stream

Hitler, Nazi… Nazism… was the populist, socialist party in Germany?

Seneca, currently at age 3 years, about two months… is starting to become surprisingly heavy. I have this infamous carry in which I carry him around, all day in town, and I’m already starting to feel my biceps and arms and forearm grow heavy.

I suppose then, a very very practical thing I have is that my role in duty as a father, I desire to be maximally strong robust and full of vitality strength and vigor.

So then a very simple thought is this: what types of exercises or movements or training can I do which will augment my ability to carry him in my arms until he is 12 years old?

Or, what types of exercises can I do which will maximize my vigor, power, energy in general?

Freedom market

The “Free” (Open and Permissionless) market

The market can be the solution to a lot of things?

Button rules on your jacket?

–> enrich the ruler

.

“Break the rules! … NO … not like that!!”

Constitutional rights –> default on silver certificates or also … putting Japanese into internment camps

Nuclear power settlement.

The swarm

Control over space?

.

The will to power bitcoin

95% of hate is just bots?

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Truth machine

100M fake accounts an hour

.

Bitcoin as a truth machine

Gold Check

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Cross other email platforms

Fragmentation of platforms?

–> proprietary certifications

Not verifiable

Toxic, centrally managed and fragile

.

How to sign and verify?

Think the swarm?

The Zerg race in StarCraft II is often considered highly effective and popular among top players for several strategic and gameplay reasons:

1. Versatility and Adaptation: Zerg units and structures can rapidly adapt to different strategies and situations. This flexibility allows Zerg players to respond effectively to their opponents’ tactics, making it a dynamic race capable of quick shifts in strategy.
2. Economy and Expansion: Zerg players can quickly expand their economy due to their ability to spawn multiple workers simultaneously and their capability to rapidly take over multiple resource locations. This economic advantage can often lead to overwhelming opponents with superior numbers.
3. Swarming Capabilities: Zerg is known for its ability to produce large numbers of units quickly, overwhelming opponents with sheer volume. This swarming strategy can be difficult for opponents to counter if not prepared properly.
4. High-level Play: At professional levels of play, the Zerg race’s potential for aggressive tactics and strategic depth is fully utilized. High-level players exploit these aspects to execute complex strategies that can outmaneuver and outpace opponents.

The balance of StarCraft II races is continually adjusted by updates to the game, but Zerg’s unique combination of rapid growth, adaptability, and the ability to execute both macro and micro-intensive strategies effectively contribute to its success in competitive play.

For more insights on Zerg strategies and their effectiveness in professional leagues, enthusiasts often turn to specific game analysis and commentary in the esports community.

Bitcoin Power

I’ve been following bitcoin ever since I lived in Vietnam off the grid, around 2016 2017. I still will never forget, when I was in my junior year living with my roommate Kevin, in our UCLA studio apartment housing, I think my friend Kevin was already, and told me about the whole bitcoin thing and the whole pizza thing, and he said –“Hey Eric, we should just buy $100 worth of bitcoin and see what happens to it.” I remember I think I was doing something else, slightly distracted and shrugged and said “Eh… let’s not bother… it’s probably a scam”. I think at the time bitcoin was worth a fraction of a cent, so in theory me and Kevin both could’ve just bought hundreds maybe even thousands a bitcoins, while we were still in college, I think this was 2009. Before either of us even owned a smart phone. I actually think the original iPhone 3 came out my junior of college.

Anyways, fast forwarding a bit when living in Vietnam, at one of my beloved coffee shops, I remember seeing bitcoin at around $300 a bitcoin, seeing at least spike beyond $1000, which the mind of anybody following it. I think other fantastic Limits included when it broke $10,000 a bitcoin, $20,000 a bitcoin, $50,000 a bitcoin, now over $70,000 a bitcoin. My personal thought is once it breaks $100,000 bitcoin, it is only uphill from here.

“If it is not going to zero, it is going to a million” – Michael Saylor

We only ever lived once. I think for me the most fascinating about bitcoin is that it is pure, concentrated power. 

For example, I think I had this thought even before I started watching a bunch of Michael Saylor videos, but the general idea that I had is the reason why bitcoin is so fascinating is because all of the mining power that goes into it, and the final result is a bitcoin, or several bitcoins, in theory that energy that is stored in a bitcoin is non-perishable.

Also, random things that I was thinking about like living off the grid, leaving the states, thinking about real estate, land, property, single-family homes whatever… Ultimately the interesting thought always comes down to the idea of the sake of what?

Seneca at LEGO CAMP

So really exciting news, Seneca now at the age of three years one month, his first taste of socialization is this wonderful LEGO camp that I enrolled him in!  Replaying my own personal childhood, it is like a Lego technics focus on gears police. Seeing him learning and grow is so grand.

Anyways, thinking a little bit ahead, in about 10 months or a year or so, we might be in Cambodia or out of the country or something, and also I’m sure before we know it, Seneca is going to keep on growing, sooner or later becoming a teenager, becoming a teen years old, and it is crazy… I think once you become a parent and become have kids Your time horizon expand. This means that it is actually much easier to see the future with great clarity. That Seneca doesn’t get killed by a crazy car, he will go through elementary school, K-12 education, graduate high school etc. By the time he turns 18 years old, he will be a full adult.

I think the humbling thing is knowing that when he turns 18 years old, that is only about 15 years from now. I am very certain that 15 years from now, things will be a lot different, we might be on the iPhone 20, I’m sure there’s going to be a baby Tesla model three cyber truck version, Model Y and X and as we all have upgrades, new versions, certain things will stay the same, others want. So trying to think about the next 15 years is a good one because not only is a practical, but it is also wise. Having a kid is the ultimate and thinking about the future, Explaining your horizons and time preferences, and living a grander life. Don’t be like the typical loser millennial, investing all this energy and effort into a dog, which will soon die, causing you to also rack up these bills for your dog getting cancer, dying, and you also eventually re-adopting a new animal because you don’t know what else to do.

I’ve been following bitcoin ever since I lived in Vietnam off the grid, around 2016 2017. I still will never forget, when I was in my junior year living with my roommate Kevin, in our UCLA studio apartment housing, I think my friend Kevin was already, and told me about the whole bitcoin thing and the whole pizza thing, and he said –“Hey Eric, we should just buy $100 worth of bitcoin and see what happens to it.” I remember I think I was doing something else, slightly distracted and shrugged and said “Eh… let’s not bother… it’s probably a scam”. I think at the time bitcoin was worth a fraction of a cent, so in theory me and Kevin both could’ve just bought hundreds maybe even thousands a bitcoins, while we were still in college, I think this was 2009. Before either of us even owned a smart phone. I actually think the original iPhone 3 came out my junior of college.

Anyways, fast forwarding a bit when living in Vietnam, at one of my beloved coffee shops, I remember seeing bitcoin at around $300 a bitcoin, seeing at least spike beyond $1000, which the mind of anybody following it. I think other fantastic Limits included when it broke $10,000 a bitcoin, $20,000 a bitcoin, $50,000 a bitcoin, now over $70,000 a bitcoin. My personal thought is once it breaks $100,000 bitcoin, it is only uphill from here.

“If it is not going to zero, it is going to a million” – Michael Saylor

War calms us?

.

Stable store of value

Produce something of value to others 

Gold is practically indestructible

Gold mining versus bitcoin mining?

Non-perishable money

Non-perishable things

“Monetary media”

Human lever

Willingness and desire to hold money vs spend it?

Why “spend” money –> double spend idea

Purchasing power for what?

How to increase your purchasing power, but why? For what?

How to concentrate power

The concentration of power –> banks, banking.

How to concentrate power?

Bitcoin is pure concentrated power?

More Bitcoin = More Power

.

Think energy & power

.

Something I haven’t really encountered is in regards to the sociology of economics. That is, economics, an individual’s personal economic preferences in the context of one’s society, societal desires, things society says you should desire?

iPad Pro — I even like the ad! Steve Jobs would be proud

The most supreme thinness … pure bliss

If you know with 100% precision where you will be next year and for how long… how would you plan the next 10 months of your life?

What insanely epic things do you desire to achieve in the next 10 months?

First Apple product I’m actually impressed in! New iPad Pro

Does Apple listen to me or create products based on the thoughts of ERIC KIM?

But what do you want to purchase? And why?

Money for the sake of what

The concentration of power –> banks, banking.

How to concentrate power?

Bitcoin is pure concentrated power?

More Bitcoin = More Power

.

Think energy & power

Double baby!

Borrowing money at low interest rates, Borrowing money at low interest rates, to buy more bitcoin?

Borrow capital to accumulate capital?

Winners vs Losers

.

Convert potential to kinetic energy –> machines

Political machines

Thinking like an engineer

Clean sheet of paper

Fundamentals of what is energy

Matter cannot be created nor destroyed

Energy is matter

E=mc2

Energy equals mass … matter is energy

.

You see light, heat, transmutations … wood, charcoal looks different cinders

Wisdom is in the now?

.

Power —> rate of energy output or conversion 

Adiabatic lapse –> no energy lost?

.

Adding energy to system … different.

Energy matters

Engineering money

.

Think the end backwards?

5 year loan at certain percentage

How many horsepower do you have as a human

How much power can you exert and how fast?

10 people -> 1 horse

Think motors

30-70 horsepower small

300 human beings one small fishing boat

.

Mongols on horses 10x power

9mm handgun –> 500kw for a small burst

Megawatt — 1,300 horsepower

600 horsepower for a fraction of a second in a handgun

Springfield round — 4,000 KW for short period of times

Kilowatts

How much power that is, 4 mega watts 5,000 horsepower in one kick –>

Kick you with the force of 5,000 horses

.

500 joules boxer

500 joules a bullet … 6 times, but also smaller surface area

More concentrated force

3,800 joules

Gattling gun — 20 or 30 seconds. 200,000 joules each. A10–,240 million joules in 30 seconds humans strong at projecting power

1.87 gigaojoules bomb –> 63 trillion joules bomb

10,000 soldier or guy with getting gun

100-200 joules In bows and arrows

.

Who can channel the most energy?

Hierarchy of energy and power — who’s the winner vs Losers

.

Bitcoin Mining —

1x a hash of digital power

Bitcoin is digital power Shaw 256power

Cybersecurity

Build a wall of digital energy to protect my data message and money

S19– 30 megawatts of power

1000 BTC a year 350x a hash in 2023

Who has the most power

30M dollars

30 megawatts — global express intercontinental jet

Cruise 13 hours 34megawats at Mach speed

Only 13 hour duration

F35 fighter jet … Mach 2– scrambled, 102 megawatts full energy not long but supersonic 102

Nuclear power plant or 2– 200 megawatts

200 megawatts continuous for 20 years or 30 years

How to generate and harness power

Nuclear is very dense and efficient

.

443 thousand barrels of oil .. $41M at $700 a ton … 16 cents a kilo wat an hour .. 7x that much with no fuel

Consistent

Gather and store more energy?

What’s a global express

Generate energy with water

1-10 megawatts … hydro

Moving energy is problem

Battery storage problem

The most powerful –> gather energy, move the power … then expand …. dominate

The more powerful vs less powerful?

Less energy aware people get displaced ***

–> hybrid … energy

Man-Power

Man power count it

.

Project power

5,000 years ago … agriculture in Egypt,,, rotting teeth –> too much starch and sugar and wheat

Paleo man has good teeth

Sugar starches alcohol avoid ***

Romans had biscuit factories

.

Man will never understand woman, women shall never understand man

Why is it the strange voice is that in two days world, impetus is for men to understand women?

Also interestingly enough, I think the history of society, there hasn’t been an ethos in which woman seeks to understand man? But just to serve him?

.

I think they’ve already debunked I think they’ve already debunked the marshmallow test conducted at Stanford; the biggest issue was that the guinea pigs were the children of well to do Stanford professors — the central question to ask yourself is this:

How much of these kids, planning for the future or whatever How much of these kids, planning for the future or whatever is the result of indoctrination from their educated Ph.D Stanford professor parents vs some fake test?

My personal take is that the marshmallow test my personal take is that the marshmallow test is just a signal that educated kids by educated parents have a time preference to invest in the future — it ain’t no silly test!

They don’t think they don’t think philosophically

Prime currency

6.7% annual growth rate of supply of USD

Durable items, buying durable items

5% a year double in 15 years

.

If it doesn’t use energy, then it is a security

Security is an equity stock?

Technical and ethical foundation

Permissionless

A bearer energy of exchange

.

50B computers at the speed of light

Bearer asset

transaction network –> lightning network

Bitcoin & Lightning is foundation

.

400M years old … don’t move it!

Don’t turn it into glass!

Glass house on sand

Granite underpinning

Settle, settlements

Proprietary application

Bitcoin Derivatives

Base Layer

Bitcoin is the Sun … gives life

Entrepreneurs figure it out

.

Hardness of it?

The hilarious irony is that once the central bank is destroyed, and there is a sign that it can no longer be printed, then its value appreciates?

Why we prefer scarce? Common sense?

Gold extinguishes debt

Rewards of producing value?

Future discounts

Discount on the future

Capital Goods

More output, superior goods

Investment raises the productivity of the investor 

I’m an investor?

Building a fishing rod, takes initial time investment but in about a week or two, you can double the amount of fish you catch?

Then, invest in building a boat, which could take you further than you could before?

Newer type of fish, superior and different because they are deeper in the water

Novel access? Overland idea?

.

Red is attractive