Easy progression

Look at the data and look at prices, don’t look at the news.

Things which will succeed, things which will fail?

Real wages, real prices

Why people will still be paid in US dollars, at least in America

My personal hot take is that at least in America, we will continue to use the US dollar for things into perpetuity, and things like bitcoin and other cryptocurrencies or crypto assets will be used as a supplement or an addition…

For example, as long as there is a US government, I think the US government will probably be around for at least another 300 or 500 years… As long as there is a government, there is currency, which is the US dollar.

I suppose the reason why the US dollar is valued it has the ultimate brand name. Everyone knows what a Benjamin is, everyone knows the symbol, and no no no, nobody cares about the Chinese Yuan — only the Chinese, and maybe people in Africa or whatever. In fact, I think the future of China is a bit gloomy; apparently China holds a lot of US governmental bonds and debt, but the irony is China herself is in debt. Also, apparently during COVID-19, it also took a hard toll on the Chinese economy.

My personal prediction is that moving forward to the future, it is going to be more and more about information, cyber security or whatever. It seems that because the new world religion is now money and capital, it is in the best interest of all governments around the world to be peaceful, in order for all of these all the girls to keep their pink rules Royce, Their nice mansions in Vancouver, and to continue sipping good American whiskey.

For example, Apple. Apple is good for the planet, because of Apple, I am very dubious we will ever see a war between American and China. At this point, our economies are intertwined, like yin and yang. America innovates, and China does the production. In China is actually insanely good at making products, Whenever people think that made in China is bad, this is not true. I think it just comes down to an overseer things; if you have Americans over seeing the development and production of things, is Apex at producing things.

Let me example with my beloved Titan fitness weightlifting equipment. It is so cheap, and the quality is so good, about a 10th of the price of buying stuff from rogue fitness.

I think the only problem with China, made in China is if you don’t have American people doing quality control.

..

Paralyze the economy?

A perfect walk ability score. 105 out of 100.

Break the Barometer

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Bitcoin thoughts

The best way to think about bitcoin

“I could have bought a place in Dumbo before it was Dumbo, have bought a place in Dumbo before it was Dumbo, it was worth 1 million now it’s worth 10 million, how am I feeling? have bought a place in Dumbo before it was Dumbo, it was worth 1 million now it’s worth 10 million, how am I feeling? Dumbo.” – Jay Z

So do you hear about all the stories that “I should have bought property in XYZ before it was XYZ… And I didn’t, and now it is worth 100 million or whatever?

I think the hard thing in the difficult thing is that we human beings have a poor ability to think about digital things. I think the hard thing in the difficult thing is that we human beings have a poor ability to think about digital things. We have a bias towards the physical, the hard, etc.

However, let us consider Google and Facebook. However, let us consider Google and Facebook. They don’t own any physical property per se– all of their value is derived from the digital, the immaterial.

I think this is the same thing with the early advent of the Internet and Google. I still remember, very very vividly, as a child taking my first computer class, taking my first computer class, at PS 169 in Bayside Queens. I think the fifth or sixth grade.

Essentially — there were all these search engines to use, and I think I saw this “search engine for dummies” book, and I remember using and I remember using Alta Vista, yahoo, and stumbling upon Google, and I found that Google by far had the most beautiful and minimalistic layout. If you asked me as an 11-year-old or 12-year-old kid, whether this little Google search engine thing would take over the planet, in terms of information and everything, I would have said no. I wonder if this is also the early advent of bitcoin; do you remember when everyone used to have either a Hotmail or yahoo email address, and then slowly but surely, people adopted Gmail? I wonder if bitcoin is going to be like Gmail, Gmail is the best email service on the planet, bitcoin will also become the same thing, the best digital cryptocurrency or asset on the planet? 

How to become harder

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Paralyze the economy?

Recovery

President Roosevelt bannedThe private ownership of gold? ?.

$20.67 per ounce .,, forcing US citizens to sell their gold back to the government?

Universities are just a parcel of American governments?

What is the best car to drive on PCH, Tesla model S plaid?

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Keep waiting for the next version?

Chainlink data streams — so beautiful

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

Keeping him simple certainly is one of the highest forms of wisdom. But everyone already knows this. As a consequence, how can we move beyond this simplistic notion?

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Always keep rethinking everything

My profession is a thinker?

Brain drain, gold drain

bitcoin drain?

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Rep peg the gold standard at the new rates?

Small crashes are OK, because afterwards it will bounce back and recover better than before!

Key Drivers

1. The halving

Sound money must do with scarcity! 

What I find so fascinating about bitcoin is that because everyone already knows that they were only ever 21 million bitcoins in existence, ever… And for more or less, people could publicly state how many bitcoin they own, as a consequence, it almost makes one’s wealth transparent open and verifiable.

For example, if you just tell somebody you’re a bitcoin address, your bitcoin wallet token address, proof of reserves… More or less it is verifiable how much bitcoin owns. The problem in today’s world is there is a lot of fake mathematics which goes into determining ones net worth, adding up their real estate values, Rare art, the number of golden toothpicks in heir house etc.

With bitcoin, it is very very easy to determine your net worth, the question is– “What is your Bitcoin net worth?”

I find this to be a very revolutionary idea, let’s say that you just tell somebody that you have an own 15 bitcoin, they could easily do the math and figure out how much it is worth. Or if you have 20, 30, 40, 50, 100 or 1000 bitcoin or whatever.

Economic depression versus human physiological depression?

Great depression, ..

Insane policies?

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Ubermensch Goals

What is pure paradise?

Protective trade policies are bad?

.

Interventionalism is Bad

Price controls are always counterproductive — surpluses and shortages

.

Never fix wages nor prices?

Don’t artificially increase wages?

.

No market close

OVER INNOVATE

Haha

Keep lifting

Money wise

Money wisdom

A stablecoin is a type of cryptocurrency that is designed to have a stable value, typically by being pegged to a stable asset such as a fiat currency (like the US dollar), precious metals, or other cryptocurrencies. The main goal of stablecoins is to reduce volatility compared to unpegged cryptocurrencies like Bitcoin or Ethereum.

There are several mechanisms by which stablecoins maintain their stability:

1. Fiat-Collateralized Stablecoins: These stablecoins are backed by reserves of a fiat currency. For every unit of the stablecoin issued, a corresponding unit of the fiat currency is held in reserve. Examples include USDC and Tether (USDT), which claim to have a dollar in reserve for each coin issued.
2. Crypto-Collateralized Stablecoins: These are backed by other cryptocurrencies but maintain stability through over-collateralization. This means they hold a larger amount of the reserve cryptocurrency than the stablecoins issued, to account for the volatility of the backing asset. MakerDAO’s DAI is an example, typically over-collateralized by a basket of other crypto assets.
3. Algorithmic Stablecoins: Instead of using reserves, these stablecoins use algorithms to control the supply of the stablecoin, expanding or contracting it in response to changes in demand to maintain a peg to a stable asset. Examples include Basis, which was designed to adjust its supply in response to market conditions.

Stablecoins can be used for everyday transactions, providing a less volatile means of exchange in the digital currency space. They are also popular in the cryptocurrency trading community, allowing traders to move funds with relative stability in fast-moving markets.

Benefits over owning US dollars in a checking account

Stablecoins offer several benefits over traditional U.S. dollars held in a checking account, particularly in contexts involving digital transactions and global finance:

1. Transaction Speed: Transactions using stablecoins typically process much faster than traditional bank transactions. This is particularly advantageous for international transfers, which can take several days when using traditional banking systems.
2. Lower Fees: Stablecoins can be transferred at a lower cost compared to traditional banking systems, especially for cross-border transactions. Banks often charge hefty fees for international wire transfers, whereas stablecoin transactions may have minimal or no fees, depending on the network used.
3. Accessibility: Stablecoins are accessible to anyone with an internet connection, providing a financial tool for people in underbanked or unbanked regions of the world. This increases financial inclusion by allowing more people to participate in the global economy.
4. Decentralization: Unlike funds in a traditional bank, which are controlled by the bank and subject to its policies and economic health, stablecoins operate on decentralized networks. This can offer users more control over their own money, depending on the stablecoin and the underlying technology.
5. Programmability: The digital nature of stablecoins allows for programmability. This means they can be integrated into smart contracts and other automated financial applications, enabling complex financial transactions that are automatically executed under certain conditions.
6. Transparency: Blockchain technology, which underpins many stablecoins, offers greater transparency of transactions. Every transaction is recorded on a public ledger, reducing the risk of fraud and corruption.
7. Stability: While cryptocurrencies are known for their volatility, stablecoins are designed to be stable as they are pegged to fiat currencies like the U.S. dollar. This makes them a safer choice for people who wish to avoid the price fluctuations associated with typical cryptocurrencies.

These benefits make stablecoins a compelling alternative for various applications, from everyday transactions to complex financial contracts. However, it’s also important to be aware of the risks, including regulatory uncertainty and the dependability of the underlying collateral, especially with privately issued stablecoins.

Don’t put fucking ads on it?.??

A podcast *WITHOUT* ads?

Application of Bitcoin ,, not technical.

Classic, classic weight lifting

.

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Replace or complement?

Currency is an application of money ***

Everything is an application of money

Money as base layer?

.

Think classic

Think the Classics

Big ideas

Make $5B?

Wait 90 days

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Wealth is hierarchy

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Bitcoin tattoo???

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Courageous with clarity

Bonds are broken

Wealth for the sake of what?

Wealth … well?

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from Hellenistic Greek παροικία (paroikía, “stay in a foreign land”), later “community, diocese”, from Ancient Greek πάροικος (pároikos, “neighbouring, neighbour”), from παρα- (para-) + οἶκος (oîkos, “house”).

Settle

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The ducat

Barbarism and destruction?

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Nonviolent defense is a bad strategy

Would Achilles “turn the other cheek”?

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The right to defend, the right to attack the bad guys?

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Attacking before an attack will happen?

Self attack?

Time and space

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Things which don’t make sense

.. America has debt 34T, China has 10T debt, Korea 1T debt …. how is this possible

.

Mental hygiene

Money Hygiene?

Poor people

Poor people drive Teslas, have iPhone Pros?

Rich people hold & own bitcoin

Rich people buy Bitcoin?

Abandon silver standard?

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USD to be backed by Bitcoin?

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Foreign hard money

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Batteries don’t hold charge

Dematerialize **

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Insulation

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When is digital good, when is digital bad? 

It is all just one stream

Maximum strength minimalism

Leica MP is the only Leica camera worth having?

Parochial

from Hellenistic Greek παροικία (paroikía, “stay in a foreign land”), later “community, diocese”, from Ancient Greek πάροικος (pároikos, “neighbouring, neighbour”), from παρα- (para-) + οἶκος (oîkos, “house”).

Settle

.

The ducat

Barbarism and destruction?

.

Nonviolent defense is a bad strategy

Would Achilles “turn the other cheek”?

.

The right to defend, the right to attack the bad guys?

.

Attacking before an attack will happen?

Self attack?

Time and space

.

Things which don’t make sense

.. America has debt 34T, China has 10T debt, Korea 1T debt …. how is this possible

.

Mental hygiene

Money Hygiene?

Poor people

Poor people drive Teslas, have iPhone Pros?

Rich people hold & own bitcoin

Rich people buy Bitcoin?

Abandon silver standard?

.

USD to be backed by Bitcoin?

.

Foreign hard money

.
Batteries don’t hold charge

Dematerialize **

.

Insulation

.

When is digital good, when is digital bad? 

“Coin clipping”

Poor “investments”?

What are good stores of value

Nadir

Survive 1,123 years

solidus … longest serving sound currency in history

.

Monetary decline, societal decline?

.

Where else can you go?

Salability of gold over time

Store of value

Storing energy, storing heat?

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Serfs, feudal lords … modern day renter and landlord?

Making a more durable body?

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Tax & inflation is the enemies

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Renting is smart:

When inflation goes up and you’re paying a fixed rent, rent control … you’re making a “profit”?

–> note the problem with owning property. Your property value goes up, but unless the value of it is going up 25% year over year, you’re just stagnant at best? Probably bleeding and losing money.

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Future predictions?

1. The collapse of the university institution?

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Digital serfs, digital serfdom?

New digital slaves

Do you want your kid to be a slave?

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Filters