Mobile portable lifestyle

RESIST.

The human vehicle body —

Vehicle approach theory?

Weight lifting vehicle theory

What’s the approach or desired outcome?

Tall, handsome

Think.

Simple & Boring?

Happiness joy and health is the goal

Liquid Capital cash money wealth

Portable Capital

Simple Luxury

Virtuous distraction of fat

Confidence is an attitude

Most people are ugly

No second chances

Life is too short for bozos, no second chances

,

Just buy what’s cheap. 

If it ain’t broke don’t fix it!

By Eric Kim

When we think of owning a home, we imagine stability, security, and the culmination of the so-called “American Dream.” But beneath the surface of this dream lies an insidious trap: property taxes. To be blunt, home property ownership taxes are nothing short of a scam, designed to keep you perpetually indebted to the state, rendering true ownership an illusion.

Let’s start with the premise. You work hard, save diligently, and finally scrape together enough to buy a house. You’d think that once the bank’s mortgage is paid off, the home would truly be yours, right? Wrong. Property taxes mean you’re essentially renting your home from the government for life. Fail to pay these taxes, and the state has the authority to seize what you thought was your property. This isn’t ownership—this is glorified feudalism. In medieval times, serfs paid taxes to the landowner; today, homeowners pay taxes to the government. Different players, same game.

Now, let’s examine the justification for property taxes. Proponents argue that these taxes fund essential services like schools, roads, and emergency services. While that sounds noble, the reality is far murkier. First, why should funding for public services hinge on the value of your home? Tying taxes to property values disproportionately punishes individuals in areas where housing costs are artificially inflated—often through no fault of their own. Furthermore, these services benefit everyone, not just property owners. Shouldn’t renters and corporations shoulder their fair share instead of placing the burden squarely on homeowners?

The system is rife with inequities. Take reassessments, for example. As property values rise, so do your taxes. Did you choose to live in a neighborhood that suddenly became trendy? Did you ask for real estate developers to flood your area with overpriced condos? Of course not. Yet you’re punished financially for market forces entirely beyond your control. In many cases, long-time residents are pushed out of their homes, victims of gentrification fueled by escalating tax burdens. How is this fair or just?

Let’s not forget about the role of local governments, many of which weaponize property taxes to pad their bloated budgets. Inefficiencies and mismanagement abound, yet instead of tightening their belts, municipalities simply raise property taxes. It’s a never-ending cycle: government overspends, taxpayers are forced to cover the shortfall, and the cycle repeats. If this were a private business, it would be labeled a racket.

What’s most insidious is the psychological toll. Property taxes erode the sense of pride and security that comes with homeownership. You can never fully exhale, never feel completely settled. Even in retirement, when you’ve done all the “right” things—worked hard, saved, and paid off your mortgage—you’re still on the hook. And the tax rates don’t stay fixed; they creep up year after year, eroding your financial stability and forcing tough decisions about what you can and cannot afford.

So, what’s the solution? Abolishing property taxes altogether might seem radical, but it’s worth considering. Funding for essential services could come from more equitable sources, such as consumption taxes, income taxes, or even land-use fees applied across the board—not just to homeowners. At the very least, we need a system that protects homeowners, particularly seniors and those on fixed incomes, from being priced out of their homes.

Homeownership is supposed to symbolize freedom and independence. But as long as property taxes exist in their current form, that dream remains a lie. True ownership means not living in constant fear of losing what you’ve worked so hard to achieve. Until we address this systemic injustice, the promise of homeownership will remain just that—a promise, not a reality.

Eric Kim

Criticisms of property taxes on homes often stem from their perceived inequities, inefficiencies, and broader societal impacts. Below are common arguments against property taxes:

1. Regressive Impact

• Burden on Fixed-Income Households: Retirees or individuals on fixed incomes may face difficulties affording rising property taxes despite stable or declining income levels.

• Unequal Tax Burden: Property taxes are not necessarily tied to an individual’s ability to pay, which can disproportionately affect lower-income homeowners.

2. Market Value Volatility

• Assessment Fluctuations: Property taxes are often based on market valuations that can be volatile, leading to unpredictable and sometimes unaffordable tax increases.

• Unfair Assessments: Critics argue that tax assessments can be arbitrary or inconsistent, resulting in disparities between similarly valued properties.

3. Impact on Homeownership

• Barrier to Entry: High property taxes can deter first-time buyers, reducing access to homeownership.

• Disincentive to Improve Property: Property improvements can lead to higher assessments and taxes, discouraging homeowners from investing in upgrades.

4. Economic Distortions

• Mobility Constraints: Property taxes can discourage people from relocating, especially if they would face higher taxes in a new location.

• Urban Sprawl: In some cases, property taxes may incentivize development in areas with lower tax rates, contributing to sprawl and environmental concerns.

5. Funding Inequalities

• Education and Public Services Disparities: Property taxes often fund local schools and public services, leading to significant disparities between wealthy and less affluent communities.

• Reinforcement of Inequality: Wealthier areas with higher property values can afford better services, perpetuating cycles of inequality.

6. Perceived Unfairness

• Taxation Without Utilization: Homeowners who use fewer local services (e.g., those without children in public schools) may feel they are subsidizing others.

• Double Taxation: Some argue that property taxes, particularly on fully paid-off homes, feel like an ongoing tax on already taxed income.

7. Economic Hardships in Depressed Markets

• Inelastic Tax Revenue: During economic downturns or housing market crashes, property tax revenues may decline, straining local governments’ budgets.

• Punishment for Negative Market Trends: Homeowners in declining neighborhoods may face relatively higher tax burdens compared to the reduced value and marketability of their homes.

8. Alternatives to Property Taxes

• Land Value Tax Argument: Critics suggest taxing land value separately from improvements could be more equitable and less distortive.

• Sales or Income Tax Substitutes: Some advocate for replacing property taxes with broader-based taxes, such as sales or income taxes, to align taxation more closely with ability to pay.

These criticisms contribute to debates on reforming property tax systems, exploring alternative revenue sources, or adjusting mechanisms to reduce perceived inequities.

xx

Home property taxes are a fundamental source of revenue for local governments, funding essential services such as education, public safety, and infrastructure. However, they have faced substantial criticism from various perspectives. Below are some of the primary arguments against home property taxes:

1. Regressive Nature

Argument: Property taxes can be regressive, meaning they take a larger percentage of income from lower-income homeowners compared to higher-income ones. While the tax is based on property value, not income, lower-income individuals often spend a higher proportion of their earnings on housing, making property taxes disproportionately burdensome.

Implications: This can exacerbate economic inequality and place undue stress on low-income households, potentially leading to financial instability or even loss of homeownership.

2. Assessment Inequities

Argument: Property assessments may not always accurately reflect a property’s true market value. Inaccurate or outdated assessments can result in unfair tax burdens, where some homeowners are overtaxed while others may benefit from undervaluation.

Implications: Inconsistent assessment practices can erode trust in the local tax system and lead to legal disputes or demands for reassessment, complicating tax administration.

3. Impact on Low-Income Homeowners

Argument: Fixed property taxes can become increasingly burdensome for low-income homeowners, especially if their property values rise without a corresponding increase in their income. This mismatch can lead to difficulties in paying taxes, risking foreclosure or forced sale.

Implications: This situation can reduce housing stability for vulnerable populations and limit access to homeownership for future low-income buyers.

4. Disincentive for Property Improvements

Argument: High property taxes can discourage homeowners from making improvements or renovations to their property, as such enhancements may lead to increased tax assessments.

Implications: This can result in stagnation of property values and neighborhood decline, as homeowners may choose to maintain properties rather than invest in their upkeep or improvement.

5. Discourages Mobility

Argument: High property taxes can make it more expensive to own a home, potentially discouraging people from moving to areas with better job opportunities or living conditions.

Implications: Reduced mobility can lead to labor market inefficiencies, where individuals remain in suboptimal locations due to the financial burden of property taxes.

6. Complexity and Lack of Transparency

Argument: Property tax systems can be complex, with various exemptions, assessments, and appeal processes that are not easily understood by the average homeowner.

Implications: This complexity can lead to confusion, errors in tax bills, and a perception of unfairness, undermining public confidence in the tax system.

7. Unpredictable or Rapid Increases

Argument: Property taxes can fluctuate significantly based on changes in property values, local tax rates, or budgetary needs of the municipality. Sudden increases can catch homeowners off guard, making financial planning difficult.

Implications: Unpredictable tax hikes can strain household budgets, particularly for those on fixed incomes, and may lead to increased financial stress or forced relocation.

8. Does Not Reflect Ability to Pay

Argument: Property taxes are based solely on property value, not on the homeowner’s income or financial situation. This means that two individuals with the same property tax bill may be in vastly different financial circumstances.

Implications: Tax systems that do not consider ability to pay can perpetuate economic disparities and place undue burdens on those least able to bear them.

9. Potential for Inefficient Use of Funds

Argument: Critics argue that property tax revenues are not always used efficiently or equitably, leading to wasteful spending or misallocation of resources.

Implications: Perceived inefficiency can lead to resistance against property taxes and demands for greater accountability and reform in how tax revenues are utilized.

10. Alternative Taxation Methods Might Be Fairer

Argument: Some argue that alternative forms of taxation, such as income or sales taxes, could be structured to be more equitable and responsive to individuals’ ability to pay.

Implications: Shifting away from property taxes could address some of the issues related to regressivity and fairness, though it would also require careful consideration of how to fund essential local services.

11. Impact on Property Markets

Argument: High property taxes can affect housing affordability and demand, potentially leading to reduced property values and slower real estate markets.

Implications: A sluggish property market can have broader economic repercussions, including reduced construction activity and lower municipal revenues.

Conclusion

While home property taxes play a crucial role in funding local services and infrastructure, the criticisms outlined above highlight significant challenges and areas for potential reform. Addressing these concerns requires a balanced approach that considers fairness, economic impact, and the efficient delivery of public services. Policymakers must weigh these factors to create a property tax system that is equitable, transparent, and sustainable.

$81T payoff — buy 6M bitcoins —

Capital flex?

Being innovative, being different, being superior, stronger tougher bigger, more powerful more dominant?

Question: how many times have I lifted weights?

Life is all about reps

Arnold Schwarzenegger has this concept “that life is about reps”, life is about repetitions etc.

So the way I interpret this statement or line of philosophy isn’t like grinding out repetitions for some sense of fake virtuosity but rather… To repeat, to practice, to do something multiple times, seems like a good idea.

The gauge of true commitment

How many times have you told your partner or your wife that you love them? 

So for example, microstrategy and Michael Saylor has purchased bitcoin a total of 42 times, this is kind of a big deal. If I look back at my own personal purchase history I might have bought bitcoin maybe like a total of 15 or 20 times?

Each time you purchase, it is intentional 

So the reason why I feel that this is significant is that every single time each and every single time, you’re planning on purchasing bitcoin or doing something, there is intent, focus, effort, having to judge and balance your emotions etc.

So for example, obviously every single time that you’re going to want to buy bitcoin or whatever, there’s always gonna be some sort of economic calculus, some sort of judging and weighing the price, thinking about timing etc. And all while doing this thinking about the long-term.

I’ve been stacking bitcoin since 2018, when one bitcoin was only $6999 a coin. I think from 2018, 2019, 2020, 2021, 2022, 2023, and 2024, each and every year I probably purchased bitcoin at least once a quarter? So assuming that I’ve been buying bitcoin for six years now, I might’ve purchased bitcoin like a total of 24 times?

Success 

So when things seem like an overnight success now that bitcoin has hit $100,000 a bitcoin, it almost seems so obvious in hindsight, and even though when people congratulate me, the hilarious irony is that it’s kind of not as great as you would expect it? Like people will tell you “good job, congratulations!“? Then onto the next topic.

Commitment

It seems that in today’s world we do not like commitment. Maybe the whole reason that people shy away from marriage is that people are afraid of committing?

“We are in an exclusive relationship”

One very funny trend I see is the whole idea of being polygamist, which means that you are just not in a relationship with one person, but you could be with many.

Certainly the funny thought is obviously marriage is kind of a sociological construct. But at the same time, Zeus and Hera, maybe albeit they were born of the same thighbone or whatever, were married. They were husband and wife. And of course, even the hilarity of Homer’s prose, they were always quarreling.

In praise of commitment

But, the interesting thought is often times commitment is liberating freeing, and just a lot simpler and more direct.

For example, traditional finance and economic investing theory says that one should always “diversify“, to be committed to just 100% one thing is a foolish errand. But, let us say that on the planet there is clean water and there is sewer water. Why would you diversify to drink sewer water to simply have a “diversified portfolio”, when you know there is one true clean water?

Or let us say religion: would you “diversify” by believing a lot of different religions simply for the sake of diversification?  

Why?

So why do people even diversify in the first place?

First, a hedge against uncertainty and the future.

People are afraid, and it seems that a lot of people want to just mitigate risk. Which means they want to lower the chance of themselves from losing money.

In search of superior yield

My personal definition of investing is the search for superior yield

So for example, if I could tell you with 100% certainty to you that bitcoin is going to go up, forever, at 60% ARR for the next 100 years, yet there’s going to be big swings, like up swings and down swings which are 30%, would you do it? The rational thing is of course yes. As investors, and capitalists, our prime goal is in search of superior yield. It doesn’t matter how big or low the swings are, we will always want superior yield over the long-term, even though the swings may be drastic?

The true investor has big balls

Or let us say that I can guarantee you 100% boring 10% ARR for the next 100 years, which is technically below the cost of capital which is 15% ARR (the performance of the S&P 500 index), and there will never be any dramatic swings.

So when it comes to investing, I almost feel like 99.9% of it is having the stomach for it. Therefore if you want to be a great investor, just need to train your stomach? 

Investing philosophy is like life philosophy?

Well let me give you an example… Let us say that I could promise you two lives: both lives you will live to be 100 years old. The first life is a life in which you are given a 100% boring existence, with no major swings up or down. Or let us say I could promise you a life which has extreme swings up and down, but will ultimately yield you 1000 times more interesting fun and joyful life. Which one would you choose?

I think a lot of people they choose the steady boring life. Why? My personal thought is modern day society, we have been conditioned to be like safe cattle, we want to be safe, play it safe because a lot of socialization is about imputing ourselves with fear; I almost wonder if like 99% of marketing is actually fear marketing, to get you to buy some sort of stupid insurance life plan or whatever.

Seek the most supremely glorious life 

The funny truth is I never felt that bitcoin was risky, it was just kind of a new technology which was not yet mainstream?

Now that bitcoin has essentially hit $100K, it’s pretty much mainstream at this point. And this is good because you’re going to start to see the network effects. For example do you remember the early days of Facebook, in which only college students were allowed access to join Facebook? At the time you were actually required to have a .EDU email address to sign up for Facebook. But once they opened up the gates, everyone joined in masses.

The reason why you should give your mom an iPhone

I wonder if bitcoin is the same, rather than thinking about all these weird crypto anarchists, maybe a more  approachable way you could just think about it is like imagine like bitcoin being the new Facebook, but for digital money and capital.

Or like imagining like bitcoin like the new iPhone, iOS, iMessage and iCloud FaceTime etc.; the general idea is that if you have an iPhone, and I have an iPhone, and we both have FaceTime, this makes both of our lives 1 trillion times easier than if you had a Samsung or android or Google pixel, and I had an iPhone. In fact, I still do believe that FaceTime is the killer app, because of FaceTime, I slowly got the whole family into the iPhone Apple ecosystem. Because I no longer wanted to use stupid KakaoTalk or even worse — google hangouts or Google meet or whatever.

This is also where I believe that maybe in the long run, Google won’t really be around anymore. Why? It seems that the primary issue is google doesn’t really seem to be a sustainable business. The only two things we are really hooked on is Google maps and YouTube, But besides this, now that ChatGPT and ChatGPT search is starting to gobble up the market, I wonder if one day Apple will just get into a partnership with ChatGPT and just replaced the default browser instead with search GPT, this would be a huge risk factor for Google.

Why are we so scared of volatility?

 Where does our fear of volatility come from?

Certainly, it is kind of maybe human nature. Like if you see a big swing up or down, it is kind of an emotional roller coaster: as a consequence, what you must do is steel your nerves. And, if you’re an inexperienced weightlifter or power lifter, or one rep max lifter, then, certainly the fear of attempting awaits that you have never attempted before is always going to be a little bit scary.

Maybe not at the age of 36, I’m in the prime of my life. Why? I’ve been investing in the stock market, with mutual funds and individual stocks ever since I was 15 years old, and now that I’m 36, technically I’ve been in the game for over 20 years. I’m no longer a kid.

I also recall that when I was starting off my street photography journey at the right age of 21, I was a lot more insecure about myself, but now, like a grown ass middle-aged man, I got nothing but 100% confidence and courage and chutzpah on my side.

Why?

Now, it is more like an ethical imperative for me —

For example, if you discovered the cure for cancer or diabetes or type two diabetes or whatever, wouldn’t you want to share the gospel with everyone you know?

Or if you found the cure for heart disease heart attack, everything… Wouldn’t you want to share this information with others, even if they did not like it?

I’ll give an example, I think one of the most important doctors of all time had a very simple idea: wash your hands with soap and sterilize your equipment before delivering a baby. A lot of doctors at the time thought this was absolutely ridiculous, yet this simple suggestion has probably saved millions of lives of babies throughout the years.

Or another simple idea: before drinking the sewer water, maybe it’s a good idea to boil the water to sanitize it before drinking it.

Even I think an ancient times, the only reason people drink wine wasn’t to get drunk, in fact back then the mixture of alcohol and wine and water content was actually very very low, which means that the wine was actually not that strong it was quite weak. The only reason they drink wine was the water was infected. And I think even German monks who drank beer, it wasn’t because they wanted to get drunk but if you fermented beer it did not kill you with dysentery with a traditional contaminated sewer water.

Bitcoin is clean water

You know that there’s all these campaigns around the planet like building and clean water wells in Africa and the like?

Bitcoin is kinda like the same thing. If you discovered clean water, wouldn’t you want to share joy with others?

The best way to be an evangelist

So you don’t want to be one of those Bible thumpers, holding across on third street promenade telling the gay people that they’re going to hell. This is not very effective marketing or PR.

The best way to get people to convert, etc.… Is much more subtle. It is a soft assault encouragement, a take it or leave it mentality.

What I also appreciate about being catholic Roman Catholic is that we are not forceful evangelist, at least not in modern times. It’s cool to encourage your friends to go to church with you, but there’s never any pressure. There’s no protestant rock Jesus loving parties or stuff like that.

Take it or leave it?

Often when we try to optimize things or make things legitimate… It does the critical break of everything?

Increase investor risk

I love being in the center of attention–> more attention more power

Question: how many times have I lifted weights?

Life is all about reps

Arnold Schwarzenegger has this just “that life is about reps, life is about repetitions etc.

So the way I interpret this statement or line of philosophy isn’t like writing out repetitions for some sense of fake virtuality but rather… To repeat, to practice, to do something multiple times, seems like a good idea.

So for example, Michael strategy and Michael Saylor has purchased bitcoin a total of 42 times, this is kind of a big deal. If I look back at my own personal purchase history I might have bought bitcoin maybe like a total of 15 or 20 times?

So the reason why I feel that this is significant is that every single time each and every single time, you’re planning on purchasing bitcoin or doing something, there is intent, focus, effort, having to judge and balance your emotions etc.

So for example, obviously every single time that you’re going to want to buy bitcoin or whatever, there’s always gonna be some sort of economic calculus, some sort of judging and weighing the price, thinking about timing etc. And all while doing this thinking about the long-term.

Commitment

It seems that in today’s world we do not like commitment. Maybe the whole reason that people shy away from marriage is that people are afraid of committing?

“we are in an exclusive relationship”

One very funny trend I see is the whole idea of being polygamist, which means that you are just not in a relationship with one person, but you could be with many.

Certainly the funny thought is obviously marriage is kind of a sociological construct. But at the same time, Zeus and Hera, maybe I’ll be at they were born of the same thighbone or whatever, were married. They were husband and wife. And of course, even the hilarity of Homer’s prose, they were always quarreling.

In praise of commitment

But, the interesting thought is often times commitment is liberating freeing, and just a lot simpler and more direct.

For example, traditional finance and economic investing theory says that one should always “diversify“, to be committed to just 100% one thing is a foolish errand. But, let us say that on the planet there is clean water and there is sewer water. Why would you diversify to drink sewer water to simply have a “diversified portfolio”, when you know there is one true clean water?

Or let us say religion: would you “diversify” by believing a lot of different religions simply for the sake of diversification?  

Why?

So why do people even diversify in the first place?

First, a hedge against uncertainty and the future.

People are afraid, and it seems that a lot of people want to just mitigate risk. Which means they want to lower the chance of themselves from losing money.

in search of superior yield

So for example, if I could tell you with 100% certainty to you that bitcoin is going to go up, forever, at 60% ARR for the next 100 years, yet there’s going to be big swings, like up swings and down swings which are 30%, would you do it? The rational thing is of course yes. As investors, and capitalists, our prime goal is in search of superior yield. It doesn’t matter how big or low the swings are, we will always want superior yield over the long-term, even though the swings may be drastic?

Or let us say that I can guarantee you 100% boring 10% ARR for the next 100 years, which is technically below the cost of capital which is 15% ARR (the performance of the S&P 500 index), and there will never be any dramatic swings.

Investing philosophy is like life philosophy?

Well let me give you an example… Let us say that I could promise you two lives: both lives you will live to be 100 years old. The first life is a life in which you are given a 100% boring existence, with no major swings up or down. Or let us say I could promise you a life which has extreme swings up and down, but will ultimately yield you 1000 times more interesting fun and joyful life. Which one would you choose?

I think a lot of people they choose The steady boring life. Why? My personal thought is modern day society, we have been conditioned to be like safe cattle, we want to be safe, played safe because a lot of socialization is about imputing ourselves with fear; I almost wonder if like 99% of marketing is actually fear marketing, to get you to buy some sort of stupid insurance life plan or whatever.

Seek the most supremely glorious life 

The funny truth is I never felt that bitcoin was risky, it was just kind of a new technology which was not yet mainstream?

Now that bitcoin has essentially hit 100 K, it’s pretty much mainstream at this point. And this is good because you’re going to start to see the network effects. For example do you remember the early days of Facebook, in which only college students were allowed access to Join Facebook? At the time you were actually required to have a .EDU email address  to sign up for Facebook. But once they opened up the gates, everyone joined in masses.

I wonder if bitcoin is the same, rather than thinking about all these weird crypto anarchists, maybe a more  approachable way you could just think about it is like imagine like bitcoin being the new Facebook, but for digital money and capital.

Or like imagining like bitcoin like the new iPhone, iOS, iMessage and iCloud FaceTime etc.; the general idea is that if you have an iPhone, and I have an iPhone, and we both have FaceTime, this makes both of our lives 1 trillion times easier than if you had a Samsung or android or Google pixel, and I had an iPhone. In fact, I still do believe that FaceTime is the killer app, because of FaceTime, I slowly got the whole family into the iPhone Apple ecosystem. Because I no longer wanted to use stupid KakaoTalk or even worse — google hangouts or Google meet or whatever.

This is also where I believe that maybe in the long run, Google won’t really be around anymore. Why? It seems that the primary issue is google doesn’t really seem to be a sustainable business. The only two things we are really hooked on is Google maps and YouTube, But besides this, now that ChatGPT and ChatGPT search is starting to gobble up the market, I wonder if one day Apple will just get into a partnership with ChatGPT and just replaced the default browser instead with search GPT, this would be a huge risk factor for Google.

Why are we so scared of volatility?

 Where does our fear of volatility come from?

Certainly, it is kind of maybe human nature. Like if you see a big swing up or down, it is kind of an emotional roller coaster: as a consequence, what you must do is steel your nerves. And, if you’re an inexperienced weightlifter or power lifter, or one rep max lifter, then, certainly the fear of attempting awaits that you have never attempted before is always going to be a little bit scary.

Maybe not at the age of 36, I’m in the prime of my life. Why? I’ve been investing in the stock market, with mutual funds and individual stocks ever since I was 15 years old, and now that I’m 36, technically I’ve been in the game for over 20 years. I’m no longer a kid.

I also recall that when I was starting off my street photography journey at the right age of 21, I was a lot more insecure about myself, but now, like a grown ass middle-aged man, I got nothing but 100% confidence and courage and chutzpah on my side.

Why?

Now, it is more like an ethical imperative for me —

For example, if you discovered the cure for cancer or diabetes or type two diabetes or whatever, wouldn’t you want to share the gospel with everyone you know?

Or if you found the cure for heart disease heart attack, everything… Wouldn’t you want to share this information with others, even if they did not like it?

I’ll give an example, I think one of the most important doctors of all time had a very simple idea: wash your hands with soap and sterilize your equipment before delivering a baby. A lot of doctors at the time thought this was absolutely ridiculous, yet this simple suggestion has probably saved millions of lives of babies throughout the years.

Or another simple idea: before drinking the sewer water, maybe it’s a good idea to boil the water to sanitize it before drinking it.

Even I think an ancient times, the only reason people drink wine wasn’t to get drunk, in fact back then the mixture of alcohol and wine and water content was actually very very low, which means that the wine was actually not that strong it was quite weak. The only reason they drink wine was the water was infected. And I think even German monks who drank beer, it wasn’t because they wanted to get drunk but if you fermented beer it did not kill you with dysentery with a traditional contaminated sewer water.

Bitcoin is clean water

You know that there’s all these campaigns around the planet like building and clean water wells in Africa and the like?

Bitcoin is kinda like the same thing. If you discovered clean water, wouldn’t you want to share joy with others?

The best way to be an evangelist

So you don’t want to be one of those Bible thumpers, holding across on third street promenade telling the gay people that they’re going to hell. This is not very effective marketing or PR.

The best way to get people to convert, etc.… Is much more subtle. It is a soft assault encouragement, a take it or leave it mentality.

What I also appreciate about being catholic Roman Catholic is that we are not forceful evangelist, at least not in modern times. It’s cool to encourage your friends to go to church with you, but there’s never any pressure. There’s no protestant rock Jesus loving parties or stuff like that.

Take it or leave it?

bitcoin is 60% ARR, whereas real estate is maybe at best 10%.

if you do the simple math if you start off with $1 million, with bitcoin, you will gain $19 billion in 21 years whereas was real estate or something that is boring at 10% you will only get $7.4 million.

Do you want $19 billion in 21 years, with extreme volatility, or would you rather have a paltry $7.4 million, after 21 years with little volatility?

60% ARR for 21 Years:

1. Year 1: $1,600,000

2. Year 2: $2,560,000

3. Year 3: $4,096,000

4. Year 4: $6,553,600

5. Year 5: $10,485,760

6. Year 6: $16,777,216

7. Year 7: $26,843,545.60

8. Year 8: $42,949,672.96

9. Year 9: $68,719,476.74

10. Year 10: $109,951,162.78

11. Year 11: $175,921,860.45

12. Year 12: $281,474,976.72

13. Year 13: $450,359,962.75

14. Year 14: $720,575,940.40

15. Year 15: $1,152,921,504.64

16. Year 16: $1,844,674,407.42

17. Year 17: $2,951,479,051.87

18. Year 18: $4,722,366,482.99

19. Year 19: $7,555,786,372.79

20. Year 20: $12,089,258,196.46

21. Year 21: $19,342,813,114.34

10% ARR for 21 Years:

1. Year 1: $1,100,000

2. Year 2: $1,210,000

3. Year 3: $1,331,000

4. Year 4: $1,464,100

5. Year 5: $1,610,510

6. Year 6: $1,771,561

7. Year 7: $1,948,717

8. Year 8: $2,143,589

9. Year 9: $2,357,948

10. Year 10: $2,593,742

11. Year 11: $2,853,116

12. Year 12: $3,138,427

13. Year 13: $3,452,269

14. Year 14: $3,797,496

15. Year 15: $4,177,245

16. Year 16: $4,594,970

17. Year 17: $5,054,467

18. Year 18: $5,559,914

19. Year 19: $6,115,906

20. Year 20: $6,727,497

21. Year 21: $7,400,247

Let me know if you’d like this in a different format or additional years!

So curiosity is that which you care for, yet when it comes to curiosity, it is strangely moralized.

For example, curiosity killed the cat.

a world without curiosity is not a world worth living in?

So Elon Musk said he is typically driven by curiosity. Curiosity is the ultimate antifragile trait; the ultimate driving factor.

Curiosity about things and experiences?

I think for myself… My whole life I was always curious about certain states, life states, experiences etc. Even curiosity about wealth; I suddenly became super rich, how would I change and live my life differently?

But now that I am super rich and Walty, it almost happened overnight, granted it was in the making for seven years; I started stacking bitcoin 2018,  getting into bitcoin ever since it was only $7000 a coin.

And now, my enthusiasm has not lit up. In fact, it has simply intensified?

---

Vision vlog

Audio

The ethos for bitcoin:

How to Get More Bitcoin

Buy microstrategy microstrategy stock, because it is like 120% bitcoin, technically you’re getting the bitcoin for the same amount.

And also, I suppose then… If you think long enough, the smart strategy is later down the line you could always sell your micro strategy stock and buy the bitcoin!

So I suppose, now… As you have an own the micro strategy stock, MSTR, then… Just do the mental math in your head, just assume like it is bitcoin? 

---

Great Athena, trueborn child of Zeus

Why is it that we try to replicate the same idea strategies and things when we were living in a totally different place , different life circumstances times etc.?

.

Invest or divest?

Newborn dawn

Godlike advice

.

Resistance is good!

Blood bowl

The godlike house

Bitcoin, our property is deathless

Theory: they know they themselves are ugly, yet to beautify themselves through their artwork?

Buy microstrategy microstrategy stock, because it is like 120% bitcoin, technically you’re getting the bitcoin for the same amount.

And also, I suppose then… If you think long enough, the smart strategy is later down the line you could always sell your micro strategy stock and buy the bitcoin!

So I suppose, now… As you have an own the micro strategy stock, MSTR, then… Just do the mental math in your head, just assume like it is bitcoin? 

---

Buy the best invest in the best

.

Totally brand new fresh house?

 that glancing gaze

Timing.

.

Zeus spins out a life of happiness in marriage and

How tough he was!

THE DESTROYER

THE JUGGERNAUT

Talk so big and brash

You’re a true inheritance which is the throne of Ithaca

His mind alert and focused

It is an honorable thing to be a king

Household wealth and honor to the man

Chiefs

He looked important

Woolen blankets

Competent

.

The soldier

I don’t want to get distracted!

I don’t want to get detracted

My war like father

Think War

The War of Crypto

The War of Bitcoin

Bitcoin Warrior

Eyes like death

.

Lose or retain value?

So first of all… At first you don’t want to lose value. This is the first in prime rule.

You become the Land Cruiser!

Muscular design

Big is bad.

Just block it out!

POWERED BY PASSION

Payback

Words which flew like birds

Push through !

No brains, no morality

Provisions

My heart wells up with courage

Godlike drink

Great intelligence

.

Ethereum seems like a scam?

Armored men

Armored core
Purple wave

.

The sky of bronze 


Bronze wrap?

Eat the innards

Flashing eyes

.

Think first principle

First principles

Prosperity, economic prosperity for all!

Walk more boldly, more confidently

Towing?

.

Unslave yourself unchain yourself? 

Thoughtful but not shy

CONTENDER

.

How to deal with uncertainty.

If you’re kind of uncertain about the uncertain future, often playing it safe, not piling on additional risk, financial risk seems like a good idea. 

The wisdom of delay, alap,  as late as possible.

.

Hunt for spoils

Trick

Daughter of the thunder, think thunder 

Wrath

Plans always flexible

Tougher, how do you become tougher?

.

Better design

,

Tall and strong, be brave and you shall be remembered

We must endure

.

Everybody wins!

.

I would rather immensely suffer and get home safe

immortal god

bitcoin vision, vision over reality?

Orange eyes

Bitcoin is economic liberation

Rejection.

Release a new human body?

The Financial Blueprint for Millenials

Transcend.

Datum

Uncertainty of future conditions

Conflate

.

Lay his hands!

Two spears in his hands

In shield and helmet

New shield new helmet?

Urge to kill

Put up with the abuse for one more year **

Kill

Tricks or openly

.

Be brave and win yourself a lasting name

Fair exchange

Feeling braver, more determined

Then godlike —

The newest song is always praised the most **

Steel your heart

.

I am the master

Display of boldness

Renaissance

boldness and fearlessness as highly esteemed.

bravus, cutthroat, villain?

.

foreign?

.

The word “brave” in English, meaning courageous or displaying bravery, has a rich etymological history that traces back through several languages and meanings.

1. Middle French Origin:

• The English “brave” was borrowed from Middle French “brave” (15th century), which meant “splendid,” “valiant,” or “excellent.”

• Middle French was the dialect of Old French spoken in France from the 14th to the 16th centuries.

2. Italian Influence:

• The Middle French term itself was derived from the Italian “bravo” (early 14th century), which had a range of meanings including “bold,” “wild,” “savage,” and “courageous.”

• In Italian, “bravo” initially carried a negative connotation, often referring to someone as “wild” or “untamed.” Over time, the meaning shifted to emphasize positive qualities like bravery and skill.

3. Possible Latin Roots:

• The Italian “bravo” is believed to originate from Vulgar Latin bravus, which meant “cutthroat” or “villain.” This term was likely used to describe someone dangerous or aggressive.

• Another theory suggests a connection to the Latin “barbarus”, meaning “foreign” or “barbarous,” implying someone outside the bounds of civilized society—again highlighting a sense of wildness or untamed nature.

• There’s also a possibility that it comes from Latin “pravus”, meaning “crooked,” “depraved,” or “bad,” further emphasizing negative traits.

4. Semantic Shift:

• The word underwent a significant semantic shift from negative attributes like “savage” or “wild” to positive ones like “courageous” or “valiant.”

• This transformation reflects how qualities perceived as dangerous or untamed can be reinterpreted as admirable traits, especially in contexts valuing heroism and boldness.

5. Cultural Context:

• During the Renaissance, traits like boldness and fearlessness were highly esteemed, possibly influencing the positive reinterpretation of the term.

• The adoption of “brave” into English during the 15th century coincides with increased cultural exchanges between England and continental Europe, particularly through literature and warfare.

6. Modern Usage:

• Today, “brave” universally denotes courage and the ability to face fear or danger.

• The term has also influenced other expressions and words in English, such as “bravado” (a display of boldness) and “bravery” (the quality of being brave).

Summary:

• English “brave”

• ↓ borrowed from

• Middle French “brave” (splendid, valiant)

• ↓ derived from

• Italian “bravo” (bold, wild, savage)

• ↓ possibly from

• Vulgar Latin bravus (cutthroat, villain)

• or

• Latin “barbarus” (barbarous)

• or

• Latin “pravus” (crooked, depraved)

The evolution of “brave” illustrates how words can transform across languages and cultures, shifting in meaning from negative to positive as societal values change.

…

wild savage, bravus, barbarus?

…

The word “brave” has its roots in several languages, tracing back to the Latin and Italian traditions:

1. Italian: The word comes from the Italian “bravo,” meaning “bold, wild, or savage.” In its early usage, it could have a more negative connotation, referring to someone wild or untamed.

2. Latin: The Italian “bravo” is thought to have derived from the Late Latin word “bravus” or “barbarus,” meaning “savage” or “wild.”

3. French: The term was later adopted into Middle French as “brave,” where it began to take on the more positive sense of “courageous” or “valiant.”

4. English: It entered the English language in the late 15th century through French, retaining the meaning of “courageous” or “daring.”

Over time, the word “brave” evolved to specifically signify personal courage and valor, shedding much of its earlier connotations of wildness or unruliness.

bravo—-

Punish the smokers

It is a free country ,,, or ,,, you should be *free* to do as you please …

Also, do more courage, courageous acts ,,, and brave, brave acts?

Wow this is going to be like the best christmas of all time!

Acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per bitcoin… now total 402,100 BTC acquired for ~$58,263 per bitcoin. Acquired for ~ $23.4 billion

On December 2, 2024, the Company announced that, during the period between November 25, 2024 and December 1, 2024, the Company acquired
approximately 15,400 bitcoins for approximately $1.5 billion in cash, at an average price of approximately $95,976 per bitcoin, inclusive of fees and
expenses. The bitcoin purchases were made using proceeds from the issuance and sale of Shares under the Sales Agreement.
As of December 1, 2024, the Company, together with its subsidiaries, held an aggregate of approximately 402,100 bitcoins, which were acquired at an
aggregate purchase price of approximately $23.4 billion and an average purchase price of approximately $58,263 per bitcoin, inclusive of fees and
expenses.

MicroStrategy Acquires 15,400 BTC and achieves BTC Yield of 38.7% QTD and 63.3% YTD; Now Holds 402,100 BTC

MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR

Pure bitcoin play

Rather than doing the math and thinking how much your bitcoins are worth in USD$, better instead to think and do the math:

How much are my total investments worth, *in bitcoin*?

For example if you got $600k of retirements plus investment stocks etc (ideally microstrategy, MSTR), note that is worth let’s say 6 bitcoins (assuming currently 1 BTC = $100k). Then you can do the simple math:

Calculate your net worth into bitcoins!

BITCOIN ERIC KIM

1. Think in BTC
2. The Best Time to Buy Bitcoin is on the Weekends?
3. How to Get Free Bitcoins
4. Why Bitcoin is All-American
5. The Will to Bitcoin
6. 10x
7. Introduction to Bitcoin
8. Bitcoin Meditations
9. Options
10. Bitcoin for Investors
11. Paradise Bitcoin
12. The Philosophy of Volatility
13. Bitcoin is Free Speech
14. Digital Capital
15. BRAVE NEW WORLD OF DIGITAL CAPITAL
16. Bitcoin Economics
17. Bitcoin Philosophy

Keep it simple stupid KISS

First — $0 debt. No debt.

Second, MVE, minimum viable expenses.

Third, no finance stuff ,, meaning, no finances on a car, monthly anything payments — no Spotify, no Netflix, Hulu Disney plus etc.

The human , individual, individualistic theatre?

Increase investor risk

I love being in the center of attention–> more attention more power

Inclusive or Exclusive?

Where to park $1M, or $1.1M?

Video

Too cool! The McLaren killer —

Growth at all costs! Any costs!

Bitcoin & muscle

Saylor Microsoft presentation

Regression vs profession

Increase investor risk, slow growth?

Divest $100B or invest $100B

Divesting?

Decrease investor risk, accelerate growth! ***

Decrease your risk, bitcoin DECREASES your risk!

.

Surrender $200B in capital in 5 years

Don’t amplify your risk factors!

.

Don’t trust others with your financial decisions —

.

Asset without counterparty risk from competitors, countries, corporations, creditors, cultures. Or currencies

.

Buy a $100B company growing at 60% per year at 1x revenue

What if this company were more profitable than your own?

.

Keep doing this every year, forever.

Universal perpetual profitable merger partner

Strategic bitcoin operations

Think Bitcoin strategy, strategic, tactical, Bitcoin operations

Business assumptions

Capital structure, strengthen —

.

Anti Status Quo

Treasury -> BTC

Cashflows -> BTC

Debt -> BTC

.

Share price increase ,,, reduce shareholder risk and increase value? Isn’t it obvious?

Market cap increase from BTC strategy

create $4.9T of market cap value for share holders

Strip away risk

Levered to forward earnings expectations to an extremely unhealthy degree

Asset vs Expectation

Prosper

Value creation, value at risk, value ARR

reduce value at risk!

REDUCE risk, REDUCE risk factors!

Need to know basis.

.

Bitcoin hedge fund —

EV, EBIT?

ENTERPRISE VALUE, EV

earnings before interest and taxes

enterprise value / earnings before interest and taxes

…

An enterprise value (EV) of $3.0 trillion with an EV/EBIT ratio of 26x provides significant insights into the company’s financial standing and market valuation.

Calculating EBIT:

To find the Earnings Before Interest and Taxes (EBIT), you can rearrange the EV/EBIT formula:

So, the company’s EBIT is approximately $115.38 billion.

Understanding EV/EBIT Ratio:

• EV (Enterprise Value): Represents the total value of a company, including market capitalization, debt, and minus cash and cash equivalents.

• EBIT (Earnings Before Interest and Taxes): Measures a company’s profitability from operations.

• EV/EBIT Ratio: A valuation multiple used to compare a company’s enterprise value to its operational earnings. It helps investors assess whether a company is overvalued or undervalued relative to its peers.

Interpreting the 26x EV/EBIT Ratio:

• A 26x EV/EBIT ratio indicates that investors are willing to pay 26 times the company’s EBIT for its enterprise value.

• High Ratio Implications:

• Growth Expectations: Investors might anticipate significant future growth and are willing to pay a premium.

• Market Position: The company may have a strong competitive advantage or market dominance.

• Industry Norms: Some industries naturally have higher valuation multiples due to their growth potential (e.g., technology or biotechnology sectors).

Considerations:

• Industry Comparison: It’s crucial to compare the EV/EBIT ratio with industry peers to determine if 26x is justified.

• Other Valuation Metrics: Relying solely on EV/EBIT may not provide a complete picture. Consider other ratios like P/E, EV/EBITDA, and revenue growth rates.

• Market Conditions: Economic factors and market sentiment can influence valuation multiples across the board.

Conclusion:

An EV of $3.0 trillion and an EV/EBIT of 26x suggest that the company is highly valued in the market, possibly due to strong performance expectations or a dominant position in its industry. However, it’s important to delve deeper into financial statements and market analysis to understand whether this valuation is warranted.

…

An enterprise value (EV) of $3.0 trillion with an EV/EBIT ratio of approximately 26x implies that the company’s earnings before interest and taxes (EBIT) are about $115.38 billion. This is calculated by dividing the EV by the EV/EBIT ratio:

The EV/EBIT ratio is a financial metric that compares a company’s total value (EV) to its EBIT, providing insight into how the market values the company’s operating earnings. An EV/EBIT ratio of 26x indicates that investors are willing to pay $26 for every $1 of EBIT, suggesting high expectations for the company’s future performance.

For context, Microsoft’s EV/EBIT ratio was 27.85 as of October 31, 2024 . This comparison shows that an EV/EBIT ratio around 26x is relatively high, reflecting strong investor confidence.

It’s important to note that the EV/EBIT ratio can vary significantly across industries and companies. Therefore, it’s most useful when comparing companies within the same sector. Additionally, while a higher ratio often indicates positive market sentiment, it may also suggest that a company is overvalued. Conversely, a lower ratio could indicate undervaluation or potential challenges faced by the company. Thus, this ratio should be considered alongside other financial metrics and qualitative factors for a comprehensive analysis.

Perfect is good enough for me! –

Capital power

Beef bone broth is more than just a flavorful base for soups and stews; it may offer several health benefits due to its rich nutrient profile. Here’s how consuming beef bone broth might benefit your health:

1. Supports Joint Health

• Collagen and Gelatin: Bone broth is rich in collagen, which converts to gelatin during cooking. Gelatin contains amino acids like proline and glycine that are essential for maintaining healthy cartilage and connective tissues.

• Glucosamine and Chondroitin: These compounds found in bone broth may help reduce joint pain and inflammation associated with osteoarthritis.

2. Aids Digestive Health

• Gut Lining Repair: Gelatin in bone broth can help strengthen the lining of the digestive tract, potentially benefiting those with leaky gut syndrome or inflammatory bowel diseases.

• Improves Digestion: The amino acids may aid in the digestion of proteins and fats, enhancing nutrient absorption.

3. Enhances Skin, Hair, and Nail Health

• Collagen Support: Collagen is a major component of skin, hair, and nails. Consuming it may improve skin elasticity, reduce wrinkles, and promote stronger hair and nails.

• Hydration and Elasticity: The nutrients in bone broth can help maintain skin hydration and elasticity.

4. Boosts Immune System

• Mineral Content: Bone broth provides trace minerals like zinc and selenium, which are important for immune function.

• Anti-Inflammatory Properties: Amino acids such as arginine may help modulate the immune response and reduce inflammation.

5. Promotes Bone Health

• Mineral Absorption: The broth contains calcium, magnesium, and phosphorus, which are vital for building and maintaining strong bones.

• Bioavailability: The minerals in bone broth are in forms that the body can easily absorb.

6. Supports Sleep and Cognitive Function

• Glycine: This amino acid found in bone broth has been shown to promote relaxation and improve sleep quality.

• Neurological Benefits: Glycine may also support cognitive functions like memory and learning.

7. Assists in Weight Management

• Low in Calories: Being low in calories yet rich in protein, bone broth can be a satiating snack or meal addition.

• Promotes Fullness: The high protein content can help you feel fuller longer, potentially reducing overall calorie intake.

8. Provides Hydration and Electrolytes

• Electrolyte Balance: Contains potassium and sodium, which are essential for maintaining proper hydration and nerve function.

• Hydration: As a liquid, it contributes to your daily fluid intake.

9. Anti-Inflammatory Effects

• Amino Acids: Compounds like glycine and proline have anti-inflammatory properties that may help reduce inflammation throughout the body.

• Chronic Disease Prevention: Reducing inflammation can lower the risk of chronic diseases like heart disease and diabetes.

Things to Consider

• Individual Nutrient Needs: While bone broth is nutritious, it should complement a balanced diet rather than serve as a sole source of nutrients.

• Quality of Ingredients: Using high-quality bones from grass-fed, organically raised animals can enhance the nutritional benefits.

• Preparation Matters: Longer cooking times and the inclusion of various types of bones (marrow, knuckles, joints) can increase the nutrient density.

Final Thoughts

Incorporating beef bone broth into your diet may offer various health benefits, from supporting joint and gut health to enhancing skin and immune function. However, it’s important to view it as part of a holistic approach to nutrition. For personalized advice, especially if you have specific health conditions or dietary restrictions, consider consulting a healthcare professional or a registered dietitian.