Unfortunately I think the future for music and musicians is very grim.

Same goes with authors, writers, artists, etc.

Went to the LA TIMES BOOK FAIRE at USC the other day (on accident), and there were soooo many books

Think Mobile. 

.

Tear down the walls!

Little man in a little car?

MAKE MOVES

Innovate the form factor

Proportions.

Venture further

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why real life is important

A lot of random people on the Internet who have an opinion, comment, or haters or whatever… If you see them in the flesh, and they’re only 4‘10“ tall, their opinion no longer matters to you. Or if they are morbidly obese, lots of bad skin acne whatever . 

The opinion of small, short, ugly old men don’t matter?

A small man, is he even a man?

*

men who hide?

Man who hide behind their sunglasses, their baseball caps and ugly facial hair, the tint in their car, behind their AirPods, etc.?

tokenized debt

Tokenized debt, actually a very interesting use case for tokens.

Why? Maybe one of the best ways to think about and consider money, is that it is just solidified debt and credit.

A blockchain like a computer without internet access or connection?

Adding programmability requires additional infrastructure beyond what blockchains provide, most notably oracle networks. This is because blockchains inherently cannot pull in data from or push data out to any external system, making them isolated networks akin to a computer with no Internet connection. Bridging the connection between onchain environments and the outside world requires an additional piece of infrastructure—an oracle.

Novel business models?

Unlocking dormant capital?

Unlocking vast liquidity, capital efficiency gains, increasing the velocity of capital, creating global instantly accessible pools of liquidity

unlock vast liquidity and capital efficiency gains, increase the velocity of capital, and create global, instantly accessible pools of liquidity.

Make gold liquid

Fractional ownership

Owning 1/10000th of a block in New York City?

Expand the boundaries —

Expanding the boundaries of the investable universe

Tokenization ultimately expands the boundaries of the investable universe.

Derivatives

In finance, a derivative is a contract that derives its value from the performance of an underlying entity. This underlying entity can be an asset, index, or interest rate, and is often simply called the “underlying.” Derivatives can be used for a variety of purposes, including insurance against price movements (hedging), increasing exposure to price movements for speculation, or getting access to otherwise hard-to-trade assets or markets.

Here are the main types of financial derivatives:

1. Futures: These are standardized contracts to buy or sell a particular commodity or financial instrument at a pre-agreed price on a specific future date. Futures are traded on exchanges, which act as a counterparty to both sides of the deal.
2. Options: These give the holder the right, but not the obligation, to buy (call option) or sell (put option) an underlying asset at a specified price, known as the strike price, before a specified date. Options can be used both for hedging and for speculation.
3. Swaps: These are contracts through which two parties agree to exchange one stream of cash flows against another stream. These streams are called the “legs” of the swap. The most common types of swaps are interest rate swaps and currency swaps.
4. Forwards: Similar to futures, these are non-standardized contracts to buy or sell an asset on a future date at a price agreed upon today. Unlike futures, forwards are traded over-the-counter (OTC), meaning they are agreed upon directly between two parties, without an intermediary.

Derivatives can be complex and carry a high level of risk. They are used by a variety of market participants, from financial institutions to individual investors, and have become fundamental for financial markets, enabling price discovery and risk management.

What does capital want?

Capital velocity

unlock vast liquidity and capital efficiency gains, increase the velocity of capital, and create global, instantly accessible pools of liquidity.

Tokenized assets PDF—

Golden Record
Using blockchains as an immutable, shared source of truth regarding tokenized asset ownership can make a number of administrative processes more efficient, including buybacks, profit distribution, distribution of net asset values, corporate actions, shareholder voting, and coupon payments. Ultimately, this can lead to more transparency and the elimination of reconciliation processes, as there are fewer intermediaries and a single, reliable, tamper-proof source of truth is shared between a diverse set of counterparties

Global liquidity

Global Liquidity
By introducing a universal standard for execution and settlement through blockchains, tokenization can unlock vast liquidity and capital efficiency gains, increase the velocity of capital, and create global, instantly accessible pools of liquidity. Most notably, tokenization can bring liquidity to historically illiquid assets due to them being inaccessible to a broader market. With these assets represented as digital onchain tokens, they not only become more accessible but can also be incorporated more efficiently into the processes of financial institutions.

Another key benefit of tokenizing assets is the enablement of fractional ownership around high-ticket items, which effectively lowers the barrier to entry and broadens the potential investor base. In traditional settings, dividing an asset like real estate into smaller, tradable portions is impractical—but tokenization makes it feasible to own and trade small fractions of such assets at near-zero marginal cost.

Hungry, insatiable for knowledge and wisdom

Think the whole planet

The news and all this nonprofit stuff?

Becoming bigger is the goal?

Midge —

The word “midge” comes from the early 15th century, rooted in the Old Norse word “mygg,” “mugg,” or “myga,” meaning “gnat.” These terms point to the small, biting flies common in many regions, particularly in damp environments. In Scottish, it appears as “midgye” or “midge,” maintaining a similar pronunciation and meaning. The term reflects the tiny size and often irritating presence of these insects. Over time, “midge” has continued to denote small flies, particularly those known for their swarming habits and biting nature.

The term “midget” originated in the mid-19th century. Originally, it was used as a diminutive form of “midge,” a word meaning small fly. By the 1860s, it had come to be used colloquially to refer to an unusually short person. This term gained widespread use in the context of circus and vaudeville shows, where individuals with dwarfism were often featured as performers and were advertised as “midgets.”

However, it’s important to note that the term “midget” is now considered derogatory and offensive when referring to people with dwarfism. The preferred terminology is “dwarf,” “person of short stature,” or “little person,” depending on individual preference. These terms are used as part of a respectful and sensitive language to address or describe individuals with conditions leading to short stature.

Slower things tend to last and are also more predictable

1. Unresponsive

2. Laggy

3. Buggy

Video

Who gon stop me huh?

Legit hype:

And even if they were guilty, it ain’t really a big deal.

The internet having a native currency —

Resilient to all attacks

Big blockers vs Small blockers

The block wars?

Satoshi didn’t need to be there —

***

The spirit of this thing —

Questioning, curiosity —

I very much love this idea that certain decisions we do, make, create, our budget is infinite, wicked instantly build, redo, demolish, start over again.

For example, Poly Bridge 2, SimCity, the new Pocket City 2… the sandbox mode is amazing!

Thinking like a kid again

1. Hi are things so expensive, and require and take so much time?

nasa.gov—

AS LONG AS I GOT THE LIGHT, I AM HAPPY!

BEAST LIFE

VIDEO PODCAST

Nestles the egg and the young penguins in between his legs?

Ride the metro more?

Triangle vs circle

Thinking beyond—

LA THOUGHTS

1. Being antisocial is anti manly?
2. Where are all of the real men in LA?
3. Transform and turn your body into the cybertruck !
4. Your car shows who you truly are

Bitcoin innovations?

The more people who join the bitcoin ecosystem better; like institutions and institutional investors.

How long until Harvard or Yale will put some of their endowment into bitcoin?

Bitcoin messaging? To send verifiable messages, inscribed with a Satoshi?

Bitcoin Photos,,, ordinals?

Is bitcoin open source?

Quality of market data — chainlink

Exaggeration of trading volumes?

Big deal:

every Bitcoin trade is added to the blockchain ledger and that entire ledger, including the history of every transaction ever made in the ledger, is available to any user running a node on that network.

Issues solved?

Bitcoin cons solve issues of money laundering?

Think B’s

You gauge danger and risk by yourself

4 year time stamps

Always think four years ahead

The North Star

Signal vs Noise

Think about yearly snapshots, just check prices once a year; a lot less noise, better signal.

Traditionally year over year, 73% of the time it will always go up

100 Bitcoins

Economic thoughts

Stimuluses, stimulus checks don’t work!

What is the big problem here?

It seems that the big problem is people sign up for jobs, but they don’t show up for work!

Market capitalization

the market capitalization of Bitcoin hit $1 trillion on February 19, 2021, whereas gold’s market capitalization was approximately $10 trillion.

Market cap for bitcoin is now higher than that of gold? 

---

Property?

OK, some basic observations:

First, it looks like the desire of most Americans or many Americans is to one day own property, own a home, a single-family house, property, a condo or whatever, or like my British friends like to call it… “flats”–

Some problems here:

1. First, this issue of property taxes:

Let us say you buy that $2.99 million house, all in cash, one thing you forget is that for the rest of your life, into perpetuity, you’re going to have to pay property taxes on that! This might be around $6000-$7,000 USD a month, just in property taxes… which goes all to your local city government, which is essentially lost money. 

Call me naïve, but, I had no notions of property taxes before –. for example, already renting a really really nice apartment in Culver City California is $3200 a month,… assuming property taxes could be in the four to $7000 range a month, doesn’t it make better financial sense to just rent?

2. Maintenance?

Another big property issues; the physical laws of where in tear, rust, mold, things breaking.

For example, the other day I spent maybe 30 minutes just cleaning up my bathroom, scrubbing the bathtub, wiping the floors, cleaning the toilet bowl etc.… I cannot imagine having to maintain more space!

Also, looks like all of my millennial friends who have purchased homes end up secretly regretting it; they never realize how big of an issue it is to change the hot water boiler, replacing the roof, which could easily cost you $50-$70,000 USD, Price of a cyber truck, or other things breaking, having to call the plumber, etc.

I think the hard thing about us millennials, or people like me, we were born in 1988… we like to live, we don’t like to maintain. We prefer going out, being nomadic, traveling to Japan and stuff like that.

I think there is a big cultural shift.

You could take your bitcoins to Mars!

I was randomly watching the Elon Musk talk about to making earth an interplanetary species, the most recent video on spacex.com. Very cool.

I think maybe the interesting thing is once we humans colonize mars and other planets… Yeah, you could take your bitcoins with you! Assuming that there will be some sort of really slow rudimentary Internet on Mars or in space… The transfer speeds for bitcoin don’t need to be that fast.

Can you imagine, buying Mars property for a bitcoin?

Why?

People say bitcoin is not real money, this is true. But neither is the US dollar, fiat currency, or the little green and blue Benjamin’s in your wallet. Neither are the ones in zeros in your JP Morgan Chase bank account, or your checking or savings account.

Commerce? 

Somebody big news here in Los Angeles or California; the minimum wage for working at a restaurant or shake shack or McDonald’s is now $20 USD an hour! This is a massive jump from the previous $16 USD an hour, almost 4 dollar increase out of thin air overnight!

To me this is a really really big deal, underlying idea of helping people pay rent is a good one, but the financial monetary policy is a bad one.

For example, the other day Seneca and I just went to Shake shack, to get our iconic single burger beef patty, which used to only cost $1.49 USD. When we ordered it, and I handed Seneca two one dollar bills to pay, the guy working there said it was $2.50.  I told the guy that he clearly must be mistaken, maybe he punched something in wrong, because it is always $1.49. He then told me, about the minimum wage increase, is a consequence, the businesses all raised the cost of the food items on the menu to accommodate the increased cost. 

No this is very bad because it is going to discourage me from eating out now. Which is also bad news for the minimum wage workers go there, and work there. Because more people are going to get laid off, or more robots and automation is going to be innovated, because businesses don’t like paying high wages for workers. I am pretty certain that you will start to quickly see a lot more innovation in terms of robots at McDonald’s flipping your burgers etc. Maybe the business will be insulated in and out, which people don’t seem to mind paying higher prices for.

---

What are we truly searching for?

First, I think the average person would prefer not to have a job, not to work. It’ll matter if you work at Apple, Facebook, Amazon whatever… It don’t matter if you’re being paid $1.2 million a year, nobody likes to have to show up for work.

First desire is freedom, freedom from a boss, freedom from work, freedom to have to check our email in our phones, freedom of schedule time life and focus.

If anything, my new definition of success:

Name no man successful until he go two years without checking his email!

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Brand — we buy the brand, we buy the brand name

Bitcoin has the best brand

**

1000 bitcoins?

Becoming a bitcoin whale?

Blackrock — #1 asset manager

.

> Sentiments such as those expressed by billionaire investor Bill Miller of Miller Value Partners in an investor letter dated January 21, 2021 may draw even more traditional investors into the Bitcoin domain. He writes that “almost every long-term holder of Bitcoin has earned a higher rate of return in Bitcoin than in anything else, and those that understand it see little reason to put their excess marginal liquidity into other assets at this point. The world is ruled by fat tail events, or seemingly improbable occurrences that have an outsized impact, and all indicators so far point to Bitcoin as being one.”138

..

The funny thing with graphs and data is that you could always make it tell whatever story you want, based on the day, month, or the year trend

.

What really is Bitcoin?

In my line of thinking, perhaps what bitcoin really is is optimism for the future! Also, long-term thinking, and obvious thinking.

For example, even Fernando Galliani said on money –

True money … the materials which are used to make it must be scarce.

Like gold!

21 million… A number which is easy for anyone to remember, 21, like being 21 years old before you legally drink alcohol or whatever… If there will only be ever 21 million bitcoins, it is almost like if there were only 21 million humans That will ever be in existence for the rest of existence?

Imagine if there was a mass extinction, and only 21 million people on the whole planet earth, out of around 8 billion… Will be saved. Wouldn’t you want to be one of them?

1 Bitcoin = 1 Child?

Thinking about this further; once you enter the 10+ bitcoin club, maybe you could think to yourself that if you wanted to, you could have at least 10 children. When your kids grow up, each kid will receive one bitcoin as an inheritance. Like each kid Inheriting a house, or $1 million or whatever.

*

stable coins?

I wouldn’t be surprised if the US government will start adopting US dollar coin?

governments and crypto

One grand thought is that perhaps, if governments end up  adopting crypto or bitcoin or whatever for their balance sheets, taxes, expenditures or whatever… It would build a lot of public trust. For example, imagine just being able to look up the wallet, the online Blockchain wallet address of the US military and see what she really spent money on.

It could be good for nonprofit organizations, if I donate $100 to a charity cause, how do I know that that money is really being provided to help poor kids in Africa some office manager spending $100 for a new office chair?

*

I have never met a woman taller than me?

We gotta make moving money easier!

Currently, moving money is a huge pain in the fucking ass. Especially with larger mountains, Zelle ain’t good enough.

Why do these banks make it so hard to wire moderate money amount like $100,000, $125,000 etc.?

My personal theory is they want to make it difficult because they are currently hoarding your US dollars to invest it for them to make more money. Rather than release her funds to you the rightful owner.

digital yuan?

a world without borders?

I love America, but, the US government will not last forever. It will probably last for Seneca‘s lifetime, maybe after his kids, but beyond that, I am very very dubious. I think America will be around for 300 years, but I doubt America will be around 1000 years from now. As a consequence, The funny thought though is bitcoin will continue to last, forever? 

.

All graphs and diagrams are fake, don’t trust them

The funny thing with graphs and diagrams that when we look at them, we assume that they are real because they are a graph or a diagram. But in truth, they are not real.

becoming a bitcoin bum in Thailand?

Imagine that you could live in a really really nice apartment or hotel in Thailand, by the beach or whatever, only for a few Satoshi a day. You could live there forever for the rest of your life, without ever spending a single bitcoin.

Burn the tokens for Bitcoin? 

Eventually, bitcoin is the endgame, the final thing you really want, not the USD.

*

The philosopher Schopenhauer once remarked that “All truth passes through three stages. First it is ridiculed. Second it is violently opposed. Third it is accepted as being self-evident.”

Keep buying those bitcoins

.

How much can you tow?

become a bitcoin troll?