Thoughts on use cases for Bitcoin for street photographers:
- Accept payment for goods or services in Bitcoin.
- Digital thought — for your digital products and ebooks and the like … just charge a small fraction of a few Satoshis? Coinbase commerce
Thoughts on use cases for Bitcoin for street photographers:
Prices via values
some varieties of labor services have unpleasant associations for the laborer,
Afford enjoyment via occupation
Remunerative labor
Entrepreneurial activity
Not commodities , no prices
Not intended for exchange
Credit increases
Price of services of capital
35A special characteristic of price formation in the case of the services of capital is due, as we shall see later, to the fact that these services cannot ordinarily be sold without transferring the capital itself into the hands of the buyer of the services of capital. There is a resulting risk for the owner of the capital for which he must be compensated by a premium.
Land capital and labor
Rent interest and wages
Price of a good in accordance to the value for economizing men
Magnitude of price
Magnitude of it’s value
Economic character
Labor and price of its value
For if the demand for higher wages is not coupled with a program for the more thor- ough training of workers, or if it is not confined to advocacy of freer competition, it requires that workers be paid not in accor- dance with the value of their services to society, but rather with a view to providing them with a more comfortable standard of liv- ing, and achieving a more equal distribution of consumption goods and of the burdens of life. A solution of the problem on this basis, however, would undoubtedly require a complete transfor- mation of our social order.37
Barter change and exchange and trade
needs of both economizing individuals could be better satisfied than would be the case in the absence of this reciprocal transfer.
The pain of hunger
Betterment of their economic positions
Relative magnitudes
Economic gains
Unproductive
Prices and water
If the locks between two still bodies of water at different levels are opened, the surface will become ruffled with waves that will gradually subside until the water is still once more. The waves are only symptoms of the operation of the forces we call gravity and friction. The prices of goods, which are symptoms of an economic equilibrium in the distribution of possessions between the economies of individuals, resemble these waves
Saleable commodities
Sale or purchase
Price Formation
Bargaining
Exploit
Economic gain through bargaining and intelligent exploitation?
Price formation under monopoly ***
The only real profits which can happen is through monopolies ?
How to create a monopoly
Photo sharing social media on Bitcoin and lightning
Single indivisible good
Purchasing power
Increase your power & purchasing power
How to increase your purchasing power?
Monopolized goods
Bitcoin is the first and true and only digital monopoly
Invest in monopolies
Yield the greatest profit
Yield the maximum profit
Disrupt the guilds
When the power of the guilds to control the quan- tities of goods brought to market was wrested from them, their regulations could no longer be enforced.
You cannot destroy bitcoin
Bitcoin workshop?
Bitcoin for Street Photographers
32In Berlin, a seamstress working 15 hours a day cannot earn what she needs for her subsistence. Her income covers food, shelter, and firewood, but even with the most strenuous industry she cannot earn enough for clothing (see Carnap, in Deutsche Vierteljahrschrift, 1868, part II, p. 165). Similar conditions can be observed in most other large cities.
Highly qualified product
Less qualified product
Full value of the product
The general law of value determination
Natural fertility
Potential future satisfactions
The “original powers” of land
Theory of ground-rent
The theory of rent
Favorable location
Land is not scarce
Prices of labor services
,
Exempt
Prices
,
I think the only reason to get good grades in K-12 education is to get into a good college, hopefully to get a good job. But what if you don’t want to get a job, nor desire your kid to get a job? But instead, to build up the family firm, the family business, the family enterprise?
Don’t buy something new
Strengthening
With the 60 pound weight vest on!
Easy!
Cybertruck stainless steel exoskeleton!
Back to Plaid — Model S, when it comes down to it… that with the smallest drag coefficient shall win?
Even my old pediatrician… he had a Tesla model S for a long time, said he wanted something different, and ended up buying a Porsche 911 and he ended up regretting it and reselling it, complaining about the gas mileage etc. Said the gas was too expensive.
And he ended selling the 911, and getting some model S plaid instead! And saying he was far happier with it also being able to do family road trips with it too!
I haven’t seen a Tesla model S plaid in lunar silver yet?
Onto the next one
Save money is to save energy?
.
Why have a trophy asset?
Why trophies? 
.
Too good, government is gonna ban it?
Chaos & Bitcoin
.
Monetary Strength
.
Artificial . Not credible
Weak currencies will collapse
.
If trump gets elected, economy will get stronger
–> more antagonistic to China?
.
90 days, NASDAQ
.
For 30 years, 10 years?
Open digital network
.
Gradually then suddenly
300T
.
Regulated stable coin
.
Thinking like a capitalist?
.
New products. New financial products?
.
Bitcoin as a digital hotel?
–> generating yield?
.
Regulated stable coins
.
Broken glass
.
SPACK
traditional IPO?
.
Separate the men from the boys
Don’t be a boy– be a true mensch?
Value?
.
Life stages
For the patient investor
Don’t leverage or over leverage
.
Flush out the system
Creative detox, creative destruction
Crossing the Chasm
Take the long view
.
Intelligent, affluent buyer 10 years from now —
75% draw down –> can I stand that?
Cut in half over night –> deleverage
25% loan to value?
.
Manage without any leverage
We need better leaders?
Economy, economy car,,, economy living
.
THE HELLCAT
.
Internet … base layer. Email
Lightning network
Open, Permissionless protocol for transactions world wide
.
Program the money
.
“Your neck looks old”
.
SMTP–> email systems to inter operate
Email integration
Open protocols win, proprietary loses
Ethical, Permissionless
Trust them
Trust is critical
Everyone shares , nobody controls
.
Open AI
.
Billion fake accounts on Twitter, YouTube, TikTok. Instagram, Facebook
Free accounts –> must be crypto or monetary secured
Post a security deposit
Integrate it all
Positive friction
Create friction
100 satoshis.
Consequence, truth and integrity in cyber space
Unstoppable
Inscribe truth
Messages, emails with satoshis
Sign a message now
.
10 years from now,,, cryptographically prove you said it and own it
.
Prove you own your own money **-> first idea
Cyber security and truth network
Bet on the best horse
BITCOIN IS THE GOAT
Is GOAT zero sum?
.
Free sats?
.
Fake Ferrari
.
Wax Seal not broken
.
The greatest stoic of all time? –> EK?
.
SENECAXX
.
MODULATE
.
Future conflict ..space , cyber power
Cyber defense system ,,, cyber, digital power?
.
DDOS
.
CYBER POWER
.
Simple. Simplicity
Cryptographically sign email
.
Lightning
.
Make it kid proof
Kid unbreakable
.
Lightning address
THOR
.
Satoshi reward
Don’t be late, I want the Satoshi reward
.
Bitcoin is a religion
Religion > Cult
.
150M bitcoin wallets
Every Amazon account into lightning address
.
Survey for satoshis
Think Satoshis
.
The more useful and up vote ,,, more Satoshis
.
A new Reddit or social media network with lightning and satoshis?
.
Micro transaction and streaming
.
Capital Moves
Safety
Well engineered. Decentralized protocol
4 Mb, 10 minute frequency
Decentralized node network
.
14 years to diffuse and mature
Growing pains
21M, beautiful halving protocol, every 4 years
.
You must cap it ***
Digital commodity
.
Digital scarcity
True scarcity
.
Analogue Power
.
Infinite gold in the universe
Sequentially numbered gold coins forever
.
Bitcoin Hedge Fund
–> blend of ETF, owner private, etc?
10T, 100T monetary energy, 500T monetary energy
Monetary Energy
.
Denier, haters don’t buy
.
THINK from fundamentals
Technocrat
100s hours, maximalist investor
Back testing is fake
Dollar cost average
Do what’s best for Seneca & Cindy
.
Break all the models
.
Young investor
Short sellers ,,, people who short bitcoin will eventually buy it!
–> on a long enough time horizon, haters become lovers!
*
Reverse order
The most exciting market in the world
.
Saturday afternoon
.
Fundamental investors
.
Technocrat -> Maximalist
Water flows down hill
.
Skeptical of steel, aluminum and electricity
.
Lower to the ground is always best?
.
Taller up is more fragile
.
Bitcoin adjacent companies
Tightening
.
Tighter is Better****
.
Bright orange is best ***
.
Mile stone
Very big positions
.
Think Achilles
.
Think Sparta
300… hot gates
.
Men don’t care for old women,,, older women?
.
“Companion”– companionship is bad?
.
Energy costs
How to hedge?
.
.
Electricity expensive ,,, upgrade your technology
Technology and capital intensive
.
Edge of the power grid
Antiquated equipment gets squeezed out
.
Fertility for child begetting
.
The cost of energy —
Self healing and naturally healthy
.
Energy to capital intensive
.
The cheapest electricity or the cheapest and best ASICs
.
Count the number of ways you can fail
Re-neg
Jack up the price, re negotiate
Triple lease price?
Secure the energy supply
.
Bitcoin is magic, magical money!
A “bad” stoic strategy which works
Some thoughts–
 Assuming we think about the law of conservation of energy… What that means is this;
Energy is matter, matter is energy. Matter cannot be created nor destroyed, that means that energy cannot be created nor destroyed.
In the context of people, the social world etc.; I think also our human physiological energy is also similar. I think of it like a battery; you start off the day with 100% charge, and the more you engage in certain things, you slowly deplete your battery. And I suppose the catch is you cannot recharge your battery during the middle of day, besides maybe taking a nap or working out?
The problem with coffee caffeine and stimulants is the way it works it tricks your brain into thinking it is not, it synapses, and also… Produces a short term adrenaline response. We get addicted to this adrenaline response, this is why we love HYPELIFTING, powerlifting, extreme sports etc.  I met this theater guy the other day, Abel Horowitz in LA — and I asked him why he loved theater so much and he told me that it was the closest thing that he got to drugs. And it makes sense; when you’re on stage in front of a bunch of people, it is the ultimate drug!
Different people have different personality types; I think the closest analogy we got right now is that an introvert is somebody when they spend time with other people their energy gets depleted, where is extroverts, we are almost like Social vampires; we suck the energy out of others and become more powerful and strong.
For example, for myself… When I around other people talking to them engaging with them socializing having fun whatever… It adds energy to me. I get stronger, happier, more robust, more excited, more energetic etc. This is also why I think when doing extreme weightlifting, I get the most hype when I am at the gym, the new modern day arena.
I think it is true when you have an audience or other humans around you, you actually gain more energy and hype.
I think the point is to never use your energy; then certainly we must also use energy. But I suppose it is a filter thing; to whom do you want to direct your energy towards, when do you want to direct your energy, how much energy do you want to direct, How long do you want to direct the energy?
If you think about life in general, what is the definition of life? Life is also energy; whether you like it or not, we all will die and must die; and so if you think about our lives… How we direct our energy and towards what, is how we live our lives.
 I suppose the intelligence of life is to figure out how to intelligently direct and curate your energy. 
It comes down to a simple filter:
Do you really care for this person or not? 
It is impossible to care for every single human on the planet. You simply do not have enough energy, or power. 
As a simple analogy, let us see that in a single day, you only got “100 care points”. Whenever you care about something, or direct your care toward something… Your care points either get depleted or added.
Something which is very interesting as a new parent, Seneca being three years, four months old… Is that it positively ADDS and I gain more joy energy power and care.
However, there are certain people who are like energy black holes – they complain, moan, about everything in their lives… And the whole thing is draining; also, positively depressing!
I think people truly lack criticality here; there is this Vietnamese (perhaps Chinese Confucian) proverb that if you brush shoulders with somebody who is dyed with black ink, you will also become black. This is also where obesity can also be seen as a social pandemic; if you’re 10 best friends all love to drink alcohol laced with sugar, smoke weed and eat McDonald’s late at night, eat ice cream, buy oversized chip bags at Costco, like to watch Netflix etc.… Certainly you will also become fatter on average.  Why? Let us say you want to socialize with them, you will probably drink some sort of alcoholic beverage with them and go out, drink a beer or a cocktail with sugar in it, eat ice cream and desserts cakes etc.… Or you buy brunch with them and eating a bunch of $20 croissants etc.
Therefore, what is the solution? Simple; cut Social ties you don’t care for, and promote the ones you do care for!
 Let me say that I spend $100 for a gift for a present for a friend; what am I really doing here? Essentially, money is solidified care energy; what that means is if I’m willing to sacrifice $100, for present for my friend… It is signaling true care for that person.
This is also why in Asian cultures, it is common to just give people cash presents, cash money in envelope, or even gold or gold rings, because typically speaking, the more money you give us a gift, the more you are signaling that you actually care for them.
For example, one of my best friends Kevin, almost on the clock every single year, for my birthday/Christmas always purchases me an outlier.NYC black merino wool T-shirt, which is like over $100 now. Truth be told, it is a very generous present, especially for a T-shirt!
I think he’s done this for almost 5 years now; I think I have about at least five black Merino wool outlier.nyc shirts from him ,,, almost all of which have been torn to shreds.
Even my best man Justin, seeing that I was in lack of shirts clothing, Also purchased me a three pack of Outlier.nyc shirts — over $300 just as a present! True skin in the game!
I think the reason why carving out time to spend time with people is the ultimate gift and present is with money, you could always print more of it, or earn more of it.
For example, it is easy to earn 100 bucks, impossible to “add” another year to your life.
This is why honestly speaking… Time life and energy is the ultimate scarce, nonrenewable good.
For example, even if you were a trillionaire with access to the best fitness lifestyle, weight lifting equipment, pasture raised grass fed food beef meat etc.… No matter how rich you are you cannot live to be 2000 years old. I think the world record for a man living is 122 years.
Certainly there are simple things that you could do to live close to the biological maximum which includes intermittent fasting, no breakfast no lunch only dinner… Quitting alcohol which is toxic in Nidos, not smoking marijuana, quitting sugar starches and carbohydrates, not taking any medication, etc. Mostly a via negativa thing.
But certainly there are some potency issues here; for example, no matter how intelligent wise are rich I am, very dubious that I will be lifting 1000 pounds on my shoulders at the age of 110. Or producing more children at the age of 100. 
A lot of people make the simple trade of trading time and life for money. But the second you go out and buy the Porsche 911, the cyber truck, the new Toyota truck or SUV, the new Lexus whatever… You are immediately depleting your life energy and force!
For example, it is insane… I look at the prices for these new trucks, I am befuddled; Toyota tundra or Tacoma truck can cost up to $80,000?  the second that you buy that $80,000 vehicle… You immediately deplete $80,000 worth of your Lifeforce energy.
Or, another thought– this is where I am starting to become a great investor thinker; even though I could afford to buy 10 cyber beasts, I look at the cyber truck, let it say that it cost around $100,000, that is otherwise energy and money Lifeforce you could put it into bitcoin, which will easily double, 10 X, 100 X, or even 1000 X 13 years from now.
I like to think by the time Seneca turns 15 years old; when he will have a drivers permit, and be able to drive. This is only a few years from now.
I think the reason why a lot of middle-aged or older guys go out and buy the Porsche 911 convertible or whatever or the Porsche GT three, GT three RS, whatever… Is it is a signal and assign that they are about to die, or the end is coming close.
For example, if you’re in your late 60s, early 70s, I think the way that most people think is that they have another 20 years of living, I think most people think that they’re going to die maybe in the 80s or 90s. Therefore people think “why the hell not?”
However, I think when it comes down to it what we see is economic immortality. Through your children, and through the energy wealth and power you transferred to them, and hopefully you want to keep growing the chest for three or five or 10 generations from now.
“We off the grid grid grid this for my kid kids kids — for when my kids kids kids have kids“ – Ye
Still today, I think people have a hard time thinking about generational wealth, or think about future generations.
Why? I think it is focused too much about individualistic hedonism; for example buying the Lamborghini with a scissor doors is almost like the ultimate hedonistic ejaculation? But what we all know is after a big massive blowing your load… What is the next step? You take a very big nap or deep sleep.
But what if you don’t want to nap or sleep? What if you want to conserve all of your Lifeforce energy, to the maximum? And then you conserve your Lifeforce energy! Don’t do energy suicide.
Let us examine the first principles for balls, testicles, semen, sexual intercourse etc.; it is not for pleasure, it is for impersonating a woman and begetting children! Are people fools and overlook this? 
I think I am perhaps the most manly, masculine, alpha male type presenting individual that I know who drives a Prius!
This is why I call a reverse flex; the best way to exert your dominance and wealth and riches is not by presenting how expensive or rare or powerful or muscular or allowed your car… But rather, your body your muscles your whole persona.
When you are at a wedding, who is loudest, most boisterous, the most socially dominant person is certainly the alpha. At a wedding nobody knows or cares about what car you drive; same when you go to the mall or the gym, your hiking, or in any social circumstance.
***
If you are a man and you want to be checked out, either by other men or by women… Just buy a 60 pound weight vest and walk around town!
20th century,,, 100 students at a time
.
20, 40 years … 4,000 people
.
We are all educators
Give music to a billion people, free digital music
Digital Education
Digital Money
Give money to a billion people
Go forward not back, make the world a better world!
*
Mortgage homes and buy Bitcoin
.
Sept 2020–
Bitcoin is scarce desirable property, hold my whole life.
Negative working capital, debt, rather than equity?
.
2.7% mortgage rate
2.8– 5.2%, cost of home went up 80%
Holding cash is losing 20% of value year over year
.
Cheap Money
Preserve generational wealth
Cheap mortgages
Watch old interviews
.
10,000 a coin, gold is down 15%, bitcoin is up 100%–>
Lose 15% of your money or double your money
.
100% means double
.
Less than a year or 2 years
30 year time horizon … investor
Why invest?
2 months is trading
.
US Economy
March 2020– been in recession
Real output, strength of currency
Losing 20% of purchasing power,
40% purchasing power lost in 2 years, 5% growth
.
Tied to commodities
11-13% Korean WON down
.
Collapsing against the dollar
Developing down 40%
.
US dollar coin
Tether or Circle
UST?
.
Medium of exchange, US DOLLAR
4 years less. US DOLLAR
4-40 years, property –> Bitcoin is the best property
.
Weaker because of counter parry risk, and task risk,,, not portable ***
.
You can move bitcoin not certain others?
The economy not working well, 2020 Feb
March 2020, 0% Japanese tourism
.
Money supply increasing
600-800B spending bill?
Governments will collapse
Capital controls
Sri Lanka. Nigeria, illegal to accept US DOLLARS
.
FRUGAL THOUGHTS
.
You can’t print more energy ****
You can’t print more food
.
Digital Energy ***
Convert energy into a block of encrypted energy, hold forever, doesn’t lose energy!
.
Don’t drain energy –> electric battery?
.
Phong Le
.
President and CFO
.
20 months
People are foolish with money?
The pandemic changed everything
0% money
Digital transformation
.
$500M cash
Sovereign debt
Buy the Shelby!
.
Digital gold or bitcoin –> dominant, capped at 21M
Natural inflation hedge
First Principles… solution to inflation
Wasn’t obvious?
5%, inflation, 20% inflation
.
Defensive than offensive
Opportunistic and strategic
Main Street company AND a Wall Street company!
Digital property
Property acquisition, property development company
.
Acquiring more digital property, bitcoin
6.5B Bitcoin business
.
Bitcoin is great because not held back by the laws of physics
200M bitcoin holders
Digital transformational zeitgeist
.
Risk reward
3T,
Bitcoin is Hard Money
Becoming harder
.
Increase in value. Underlying value
.
Hard property
Cyber economy, 21sr century cyber economy
Billion dollar digital hotel
.
Think Digital
Matter ***
Digital Matter
.
Bitcoin for Photographers
.
66 countries dollarize.
.
Not just asset but network
.
3M people Download App
.
130% interest last decade … more than double
.
6B people, 8B if Chinese didn’t block it
.
Lightning
Think Lightning
.
Property rights
2.5B people don’t have property rights
How to save $300 for a year?
.
Energy drain? –>?
Don’t drain your energy
.
Economic imperative
500T dollars
Bitcoin is a better store of value than the US DOLLAR
.
TECHNOLOGY IMPERATIVE
PayPal, square
.
300 years conventional banking
Geo political technology interplay
.
Technology for property rights , moral imperative
Poverty & Bitcoin
.
Conserve economic energy
No security for your family
90%
Aspiration for your future, strip hope
America was founded on hope. American dream
Bitcoin is a very American thing –> the Bitcoin American dream
World Power, strengthen America
Reject steel, internet or electricity
.
Bitcoin & Muscles
.
Not a trader
No short time horizon
.
At least 4 years, forever asset
Trophy
Give it to your heirs
What NOT to do
Don’t sell the Bitcoin
Jan 2020 — peak of economy
.
Before Covid
.
Unfettered
Not perfect
.
Travel is Dead?
.
The free market
Restraints on trade, massive economic inefficiencies
War on Carbon?
War on foreigners?
Jan 1, 2020–
The war on currency?
M2 money supply — 41% expansion of money supply
.
Don’t expand the supply?
45-46% single family prices exploded –> slightly outperform money supply
19% NASDAQ
13% S&P
185% Bitcoin up
.
How do homeless people dress?
250M Bitcoin
Aug 10th.
.
GOLD DOWN 10%
August 10, 2010
-1% nasdaq
18 months
11% up
26% single family home
20-25% money supply
Track
86% up, even though thrashed
Less than 2 years trader . RIGHT AND Wrong ,,, ?
Proprietary expertise
.
4+
10 year. Saver *
.
The stock market is not the economy, the economy is not the stock market!
2011, 2012… trouble
2018
.
Empire of debt
.
Real inflation
GROWTH is slowing down?
Fantasy?
Velocity
Let assets drop ***
Just let it drop
.
Energy issues. Oil in Russia
Simplify simplify simplify!
Simplifying your life. Workouts and money?
.
Avoid eye contact with black holes?
1T cannot replace Apple
.
Humanity Ingenuity
10x price of gold
Commodity –> you cannot issue it
.
Tie yourself to the mast, ears wax bees
1730 … dangerous
.
Okay when it is down there
.
Charts are fake
,
When Bitcoin is down,,, so is everything else.?
Dollar cost average into scarce desirable assets –> rational
Nobody can time the market
.
Afford to maintain
.
4 year moving average bitcoin
.
How to be Antifragile in a chaotic world
HOW TO BE stoic in chaos or chaotic world?
More than Stoic — Antifragile
.
Decades,,, no management team, competitors, product cycle
.
It’s a different thing
.
2030–>
Maintain property for 10 years
.
Demonetization of gold –> flows into Bitcoin
.
Your feeling of vigor?
Price adjustment
.
Parade of horribles
Reverse next decade
Wash trading
.
The March of hedonism?
.
Existential threat
Insane economics, unorthodox economics? 
Who who adapts the quickest and the best shall win
Live free or die
Money Freedom
,
To simply ignore or don’t knowledge badness is the way
Just don’t respond
**
Unresponsive is good
Most books and information is toxic?
Have your kids spend maximum time in the real world?
Justice
The best car is the one You won’t die in
If you don’t plan on buying a house or a home … then what do you want to do with your money?
.
Prospective value
 
prospective value of their product at the end of the production period.
Prospect . Prospective
The productivity of capital
Distant time periods
Provisions for more distant time periods?
Enterprisers
Capital services
Prospective value
Price formation
“Discounting”
Entrepreneurial activity
Risk bearing , risk bearer
The Uber Capitalist
;
Durability wins
Infinite ultimate durability
Are people just stupid?
I never desire to buy A.  Brand new car
Economic Hacks
Play ground
**
What’s the point of economizing? To have the maximum amount of children !
Malicious operators
Environmental intelligence
.
Cleaned Up
Greedy just lose all their money
If you lose all your money you will stop
Natural remedy
.
Catalyst for next bull run
Educated
Very expensive education
Media news is toxic
.
Proof of work > proof of stake
FTT is proof of stake
Gigawatts
.
Ethereum is a security, staked token –> nothing backing it besides trust in small organizations
.
Security vs Commodity
Crypto security, crypto tokens
Unstable UST,,
Circle, tether —
.
Bitcoin is the only digital commodity
Asset without an issuer
.
Gold and oil is not a security
Facebook stock is not a commodity
Oil, natural gas
.
Laws don’t change the reality of things
.
Confusion. Tug of war
.
Air Tokens
100T
Truth honesty and justice
.
CFTC
.
Shower hundreds of millions of dollars on them
.
2022 .. transitional year
2024 momentum
.
2025 –> in the main early years
.
Always look at 3 years
.
Best on earth
Up 167%
.
97% outperform
.
Outperform is the goal **
.
Volatility and growth
Hundreds of millions a day
.
Conventional critics hate volatility
.
40% expansion
40% single family home increase price
.
A bumpy life boat
.
Expand your world and soul
.
Timing
Focus purely on Bitcoin
My conviction has only grown
.
4 year plan
.
68% of voting shares
33 years CEO…  chairman of the board
2 years
.
Phong Le
.
President
Selling software
Once a quarter bitcoin transaction
Chairman of the Board
Borrow 200M
.
Chief operating officer
Andrew Kang
.
7 years
Optics **
Optics of random trolls
.
Trigger
.
17,600 a BTC
23,900 BTC now
.
Most folks can’t stomach it?
Risk?
Dollar cost average
Generational wealth
4 years at least
Simple 4 year moving average
.
If you cannot Stomach the heat ,,, don’t be in the kitchen!
.
Uncertainty
.
Utility value
.
.
Functional Training is movement training
.
Get rich slowly
.
Don’t optimize.
::
GOALS: to get out there!
LEG GOALS:
Perhaps the true sign or signal as somebody’s wealth and or health is in their legs?
Also, with weightlifters, bodybuilders, etc.… both men and women in general, the number one and only thing to do is look at their legs!
Strong legs, strong soul?
It’s interesting because I think when it comes down to it… one of the great ways that men rate the attractiveness of a woman is based on her legs. How long they are, how healthy it looks like their skin is, their overall gait and shape etc.
Also, when it comes to age, people getting into older age etc.… as long as people have strong sturdy tree trunk like legs, full of muscle strength and vigor, they will be fine. Even my mom who is now 69 years old, she has very strong legs, and is still doing a lot of world traveling hiking backpacking mountaineering with her friends etc.
First look at their legs, then look at everything else.
Also, posture. I wonder if this is somehow connected to the strength of your legs? 
You could tell easily; if you look at somebody’s bare legs, assuming that they’re wearing shorts, short shorts, a bikini, whatever… you could look at their legs and judge their health. 
I think the big issue with leggings is that it is difficult to ascertain the health as somebody’s legs, their skin quality.
For example, if you look at women, just their legs, you could actually tell how old they are. Younger women, their skin and their youth in their legs has a different tone than a woman in her 60s, however fit she may be. 
Also with men — short shorts are the future!
I think a lot of capitalism and consumerism, selling clothes and overpriced clothing is centered around making people feel shameful about their naked bodies.
For example, men, it seems the de facto fashion is for men to wear long pants, to cover up their legs. Even when men wear shorts, very rarely do they wear short shorts. Or speedos!
In fact, I’ve been spending a lot of time going to the beach, Santa Monica, etc.… And I don’t recall the last time I’ve ever seen a man in America wear a speedo? Only Europe?
Also, the funny thing with men that somehow nowadays, it is seen as embarrassing or shameful for man to show his crotch, or his crotch bulge?
This is where the whole fitness transformant emerged, wearing leggings and simple athletic shorts over your leggings to not show off your crotch bulge?
However one great innovation that I’ve done is just wear tights by itself, show the crotch bulge it is fine! I find it very bizarre that there is this weird double standards; a woman can show all her body parts, butt, butt cheeks, breasts, crotch etc.… but for men you have to hide it and cover it up? 
Also a funny trend is that honestly speaking… it is actually very rare rare that I see men with strong looking legs? Even in the weightlifting bodybuilding community?

For example, the only every time I see people or men with really really strong formidable looking legs is at the gym with powerlifters, but a lot of these powerlifting men tend to either be short and squat or average size but more on the fat side? 
For example, very rarely do I ever see men who are muscular and lean like myself, with really really insanely buff muscular legs? 
Takeaway point: every day train your legs! No legs, no future.
If you want to raise your child to become the greatest grandest individual here she could become… The parent, a.k.a. you require the strongest, the best legs possible.
Even as a thought experiment, as you train your legs, you will also train your upper body.
For example, I’ve actually discovered when doing my atlas lift, or even squat walks, when I rack up the barbell with lots of heavyweights, seven or eight plates, I feel a really really a big workout in my shoulders, shoulder stabilizer joints, upper body etc.?
Also even as a simple thoughts; if you are a man with enough power and strength in your body to lift 1000 pounds off the squat rack, certainly one must still have great upper body strength to do it.
Or let me give you another example… Let us say that you trained to the point that you could lift 2000 pounds off of the squad rack, and you literally only ever do that exercise, you never do any upper body exercise. Certainly you will build upper body strength as well!
Lower body strength and leg strength also includes upper body strength?
If you were a spartan, engaging in hand hand combat, nobody’s going to care how much you could bench. In fact, if you have your spear, sword, shield or whatever… certainly much of the power will actually come from your legs, leg drive.
Actually in fact even some of the top weightlifters who could bench six or seven plates or whatever… apparently the secret is actually leg drive?
Even the number 1 thing I learned in tennis is that if you want to hit the ball really really hard, it is actually not your arms and shoulders and bicep strength or whatever, it is about 99% hip and leg drive? 
I think the only reason why there is such an obsession with upper body, upper body strength and muscles has to do with film cinema, cameras, video and film, social media etc. For example if you’re doing a film, if you’re using some sort of close-up lens, maybe you could show the actors midsection up, rather than a full body shot.
Also, if you’re doing a selfie on your iPhone, typically it will only show your upper body.  Also, media at being at the pool or whatever… It is typically a full frontal shot, your abdominal muscles, your six pack, your chest etc. It is difficult to display your legs on camera!
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A new trend I saw for a minute, especially in Orange County was that a lot of women were trading in their yoga leggings, their Lululemon leggings for what looks like these biker shorts, or booty shorts? Kind of like a very very short short tight for women, or imagine like a woman wearing very short boxer briefs?
In fact, when it comes to yoga, I’m not 100% sure why people wear leggings in general. Maybe to give them more friction when it comes to doing certain yoga poses? Because actually in fact, if you’re doing hot yoga or if you’re in a heated room, having leggings are bad because it gets really really insanely hot. The ideal outfit is to just do hot yoga wearing a speedo, whether you are a woman or a man.
Make speedos cool again!
Now that it is forever summer here in LA, I’ve been having a natural propensity to hit the beach! I think when the weather is good, there’s nothing better than the beach.
Looking at all the people, it seems that the happiest people are the ones who are playing beach volleyball! They all have the best hands, or having the most fun, and I have some theories:
Currently reading Carl Menger’s the principles of economics, the father of the school of Austrian economics. 
It’s funny because in today’s world, economics, or if you talk about the economy in general, is seen as the apex field of study. Why? To study business and or economics, as soon as the ultimate pragmatic major introduce world to make money.
Making money, conserving money, and growing it; the trifecta.
Some people are very good at making money, but terrible at conserving it or investing it! For example, MC Hammer, 99.99% of rappers etc.
Double your money and make it stack! – JAY Z
I think this is still the strange hypocrisy in money economics wealth etc.;
In theory, the ideal is to take 99% of the money you earn or make, and invested into something like bitcoin, and see your numbers forever go up.
However what most people want to do is to earn $1M and to spend that $1M on something. People think:
“What’s the point of earning a million dollars if you can’t spend it?”
For example, the poor mistake that a lot of young rappers do is that they get their first check for $1 million, $10 million whatever… and instantly the first thing they will do is buy a Rolls-Royce ghost or Phantom or Bentley… but it would actually be better to have use that money to just buy bitcoin, Which is essentially wealth on wheels, and just smile to see the numbers keep going up!

One of my friends who used to be at Ferrari collector, told me that after collecting all these Ferraris, rare cars and exotics etc.… essentially he just got fed up with all of it, sold them all, and just now just drives around in a Lexus RX in Minnesota. And also, very very interesting advice that I’ve got from really really truly rich people that I know is to just buy a Lexus. Why? 
First, if you are really really rich, actually ideally… you don’t want people to know that you’re rich! You don’t want to be held by hostage, or for ransom etc. I’m starting to also discover, being low-key poor, when in fact you’re really rich is very very good, the second that people know that you’re really rich, you actually start to concern yourself a little bit with security.  The second people,,, like even your handyman maintenance guy asks you to borrow money… bad sign. I’m happy with my 2010 Prius — if someone asks me to borrow money I just tell them I’m poor and unemployed and point at my beater Prius! Imagine doing that if you had the Pink Rolls Royce.
Real rich people drive Lexus’s
Nowadays Lexus cars are so common place, it doesn’t really mean much in terms of prestige. However, if you want the ultimate in terms of comfort, the Apex quality of materials inside the car, and the ultimate and drive comfort, and also the highest in reliability (a Lexus is a Toyota after all), and also other benefits like having a hybrid engine which means that you don’t have to fill up the tank as often… All very good things.
Even when I went to Alexis experience center at fashion Island, I jumped into one of the new Lexus cars, I was shocked how high-quality the materials were, compared to Tesla cars, which feel very cheap.
I think at the end of the day, certainly Tesla is the more sexy and interesting car, but in fact if you think about real real real real quality and the best… Lexus is better.
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Leg Leverage
Your Legs Run the World
Everyday is Leg Day
Instead of buying the loser Lamborghini, the loser Porsche, the loser Ferrari… better to instead to juice up your legs?
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There is a funny meme in the world of fitness, life etc.; which is the notion of “skipping leg day“– the idea that we men are so obsessed about getting massive biceps, a massive chest, deltoids or shoulders etc.… that we instead of exercising our legs, we only focus on upper body movements which will show up on camera? 
My theory is that perhaps this meme has only created itself because of the camera, social media, etc. I think before cameras were invented, maybe before the ancient Greeks even had mirrors… muscles, show muscles weren’t really a thing. 
For example, imagine the Iliad, ancient Greece etc.,  ultimate question is who killed who? In terms of ultimate PVP, person versus person, player versus player combat… Who would kill who?
For example, on the battlefield… The question was who could kill Achilles? Nobody.
I’m sure certainly these ancient Greek heroes, king Leonidas, the Spartan 300 had insanely epic muscles. Yet, assuming that when you’re in battle, and you have battle armor on, certainly nobody is looking at your muscles, in fact, your muscles are only your metaphorical horsepower for your body and your lethality.
A funny thing; ever since I got my 60 pound weight vest, and I strap it on, I instantly gained about five or 6 inches in my chest. The funny thought; a lot of weightlifters and bodybuilders obsessed over having a big and a massive chest. Isn’t it easier to just drop on a 60 pound weight vest instead?
Also, when it comes to combat, does ones chest muscles actually do anything in terms of making one more imposing fighter? I don’t think so.
Becoming sexier —
First, I think what we men seek is to become sexier. Also the same thing goes with women.
In fact, talking about revealed preferences or whatever; the reason I don’t like talk, is that people have all this fake talk about blah blah blah, but revealed preferences show what is truly critical:
For example, if you go to a wedding, and everyone is dressing up to the 10’s– how is it that everyone wants to dress? The women want to look sexy and beautiful, the men want to look handsome, confident, sexy as well.
As a random sidenote, there is a common outage in the world of marketing that sex sells. This is true.
Even the reason why I like to study marketing for women is that I think it shows revealed preferences; even the female clothing brand Reformation has a delivery car with the motto “On our way to make you look sexy.”
Even the reason why the clothing brand ALO yoga is killing Lululemon, especially in Los Angeles is that it seems that aloe has become the sexier brand, and sexier women wear ALO yoga, even though ALO YOGA clothing materials (Bella + Canvas) is inferior to Lululemon materials; but the big issue Lululemon here has that it seems that only older, middle-age women are starting to wear Lululemon, and younger women are starting to flock to ALO yoga instead –
Also, I think the problem is in today’s world, sexiness, is no longer sexy. Rather, the new fashion trend is ugliness?
“I’m sexy and I know it”
I think the reason why I still leave LA to be the Apex place is that this is where all the sexy women are! Even as undergraduate at UCLA; I know that going to UCLA was super then going to UC Berkeley because LA, UCLA were all the pretty and sexy girls went! UC Berkeley has a reputation for being grungy, dark, overcast, ugly, etc. And I think it is true.
If you think about it, ultimately, sex might be the most important human virtue. Why? If you don’t have sex, you cannot produce children! And if you do not produce children, there would be no longer a human race! 
I met the founder of this local child’s clothing brand and store, Sean Macklemore; and he told me that the reason he got into the business was that babies are recession proof! 
At first, I was a bit skeptical; wasn’t the reality that when there was a recession, people stop having kids? But it seems that the truth is actually, whether we like it or not, we will always prefer to have children!
For example the current trend of having a dog, reducing your carbon footprint not having kids or whatever… I think this is just a weird degenerate trend. I think it will die out. In fact if you look at more product cities in the future like Irvine, Still very encouraged for people to have at least 2.2 kids, a single-family home, etc.
I think they really really families, at least the smart ones, we always prefer to have children! Why? The really intelligent families with much power, they realize that the true Legacy is three generations from now, imagine trying to give your inheritance to your dog will die before you.
There’s this quote from Archimedes that says “Give me a place to stand, and I shall move the world!”
Note, he says a place to stand, not a place to sit. 
The other day at the LA public library, the Mar vista branch, we saw this epic Taiko drumming show, and what was very interesting is that the Taiko drummers, when they were drumming at full force, would actually spread their legs and it looks like a lot of the power of the leg drive to hit the drums actually came from the legs?
Could we invent an innovate new styles of weightlifting that worked out your upper body that also encouraged you to use your legs? 
Questions; if I told you that you had to be a cripple, that you could not stand, use your legs, and you had to permanently be bound to a wheelchair for the rest of your life… But I would give you an unlimited collection of Rolls-Royce cars, Lamborghinis Ferrari Porsches whatever… McLarens ,,, name it… would you do the trade? Of course not!
 what are things are products which are marketed to us? It seems anything that has to deal with sitting, our butts.
For example, sofas couches, chairs?
The Herman Miller chair, lounging, sitting, first class… The strange sacrifice of your legs?
The ultimate exercise is just movement? Like walking around and moving around?
I’ve been thinking a lot about outside your type of exercise, movement, etc., and I think the first thought that I have is that the ideal movement has to deal with walking, movement, your legs?
Even taking things up a notch; I’ve mastered the 60 pound weight vest, could I do 100 pound and beyond? 
Where does your wisdom come from? Your innovation… your legs! 
For thinker, mathematician, scientist, innovator etc.… If you want to come out with new ideas, the best strategy is first start walking, a lot, an hour or two, and then the thoughts will naturally arise?
Also, for more productive presentations, conversations, interviews… Ideally the people would be outdoors walking together? Ideally in nature? 
Rather than having two individuals being stocked in a cramped podcasting interview room, better instead to have them both wearing Lavalier mics, Walking wall interviewing one other in the great outdoors? 
In fact, ultimately the quality of voices is not as important as the quality of the ideas. 
Better to have worse audio quality, but more unique creative ideas?
When it comes to life, health, existence etc.; what is the ultimate privilege? Your legs, being able to walk, etc.
For example, as a photographer and a street photographer, what is our ultimate passion? To travel, travel the world, to hit the streets, and to shoot street photography, ideally all day every day, with great gusto, and no fatigue.
Let us consider, mobility, which means walking with your legs, is the most critical elements when it comes to travel.
For example, a lot of Americans work really really hard, hoping to retire at the age of 65 with a fat pension fund, and then travel the world, whatever… but what if by the time you are 65 years old, you are so fat, fat and obese, type two diabetes, that even though you have a huge pension fund, you can no longer stand nor walk? 
With health, you don’t really appreciate it until you lose it.
The other day I went to a friends wedding, tons of fun, tore up the dance floor etc.… And I’m just chatting with the ballet guys, about the richest guy, the richest car etc.… And the guy wisely asked me–
“Are you healthy?”
And I responded– “I am extremely healthy!” Then he gave me a grin and said “Then you are the wealthiest one!”
Don’t be the cripple in the Rolls Royce:
I almost wonder if we could use this cripple, crippled metaphor for just modern day reality, philosophy, ethics etc.
Example, there are some people who are emotionally crippled, maybe has some sort of personal PTSD as a kid? Or people who lack empathy emotional social skills– social cripples? 
For example, I had the realization that in fact anyone who wears dark tinted sunglasses, all the time, even when they don’t need to… It is because they are extremely shy?
And it doesn’t really make sense for us to disdain people because they are shy?
Like most humans, I am very emotional, especially when it comes to numbers, money, finances, gains and losses. This is why I never look at prices, too much noise and emotions.
I think my strategy of via negativa never checking prices is wise — why? Essentially when I got to bitcoin at around $6000, $7000 a Bitcoin … around 2017, 2018… I essentially “Set it and forget it!” After making my initial investment, I just switched my attention and focused to other random stuff like working out, weightlifting, one rep Max powerlifting, philosophy, etc. So hilariously enough when the whole FTX thing happened, Sam Bankman Fried… I was actually oblivious to it all. The only reason I even found out about it because there was a random guy at the gym who told me about it?
I am definitely on the Michael Saylor camp, — trying to think about the next 100, 200, 300 years… and also thinking about what NASSIM TALEB talks about signal and noise… 99.9999% of things is just noise. 
For example, if you think about bitcoin, which might be the ultimate volatile asset, maybe second after micro strategy stock…  checking prices even on a daily basis is bad. And let us consider that most people are checking prices literally mid to minute, not good.
Instead let us imagine checking the prices only every four years. When bitcoin first hit my radar, when I was in Vietnam in Saigon in 2017, I recall bitcoin being only about $300 a bitcoin, and people would comment that it would never hit 1000. Then fast forward a bit, bitcoin hitting $20,000 a bitcoin… Big deal. Then it hitting $60,000 of bitcoin, $66,000 of bitcoin… Big deal. Then crashing down to sub 10,000, then back up to over $70,000.. I think the all-time high thus far has been made around $77,000 a bitcoin?
Anyways, assuming that the bitcoin having cycle is every four years, the truly empirical way to assess prices is to look at prices only every 4 years. 
I think my general ethos of quitting the news, never looking at any news, has been wise… I’ve been able to dodge all this fake news about bitcoin being bad for the environment etc.… Which I think was essentially an insider lobbing scammed by Sam Bankman Fried and paying billions of dollars of promotion sponsorships and marketing to a bunch of random celebrities crypto influencers, green peace etc.… To try to spew this propaganda that bitcoin was bad for environment, and that somehow, their “green“ token was much better … like Luna token, FTT token whatever… Which all essentially went to zero.
I think one of the most clarifying things of having a child is that once you got a kid, your horizon expand. You no longer just think about your own personal short-lived existence… You start to intelligently think long-term.
For example, the next 30 years. I am currently 36 years old, Seneca is three years, three months old… So in 30 years Seneca will be 33, almost in his prime. I suppose for men, I think we hit our prime in our 40s 50s 60s, maybe even 70s? I think physiologically things start to go downhill maybe when we hit our late 80s, but I suppose my great gratitude of being born a man is that as time goes on, my potency increases overtime.
Some of their random thoughts: the wisdom of not thinking too far into the future:
First, every single day you wake up, you’re going to feel a little bit different, and also the things you’re going to care about is going to be different day to day. 
I suppose what I am grateful about leaving the loser Bay area is that I am starting to slowly “de-techify” myself. Saying goodbye to loser Patagonia down jackets, insecure nerds with AirPods on, complaining about rent and property prices etc.
In fact, I am 1 trillion times happier here in LA than I ever was anywhere anywhere else. Why? Certainly there is always a learning curve to moving to a new neighborhood or a new city or a new local, but LA, Culver City is perfect. Literally the only place I’ve ever lived where I can walk… super well?
In fact, the currently sweet apartment that I got, I’m gonna hold onto that, forever. The ultimate squatter who actually pays his rent.
I think a general shift, a general shift I want to see is for us to become more gay, more jolly, grander, bigger, happier, louder, more joyful! Just go to a wedding, soak up all the good endorphins, and hit the dance floor!
Also don’t forget, it doesn’t cost anything to smile!
ERIC
Very simple… first look at the legs, then look at everything else! 
And also, if you really want to judge yourself according to any other man, ask them how much they could squat, deadlift, etc. 
We real men glorify our legs!
Just a simple thought, let us assume that you could load up the squat rack at your local gym with 11 (45 pound) plates on each side. And as a simple challenge, all you had to do was lift it off the rack with your shoulders and your legs in your back for a centimeter. If this were the case… physics don’t lie. Could you do it or not?
A wise economic thought –rent control, rent control for us is a very good thing. 
Why? I can hypothesize that we are going through a low-key hyper inflationary environment.  for example, right before my very eyes, I saw the price of a single burger patty go from $1.49 all the way up to $2.50! Literally … I saw the price of a single burger patty almost double, nearly an 80% increase in price overnight!
$20 an hour to work at McDonald’s?
Anyways, this upcoming election cycle would be good for bitcoin. Why?
First, there seems to be about an 80% certainty that Donald Trump is going to win. And I think Donald Trump said he was actually pro bitcoin.
The issues here is that first, nobody likes Joe Biden, not even the liberals or the Democrats, not even myself, and I voted for him because he was the non-Trump candidate. 
I don’t even know who’s running against Donald Trump.
Anyways, in a world of uncertainty and chaos, bitcoin gains.
For example it looks like the big trend here is that irregardless of whoever the presidential candidate is… Over along enough time span, I think the value of the US dollar will keep inflating. Already now I see a single-family homes in Culver City, super basic going for $2.1 million?
Also, the new iPad Pro. I think it’s wise that apple increase the price of the iPad Pro to $999, instead of the customary $799.
And also, certainly whether we like it or not, the price is the iPhones also must keep going up. I’m sure in the next five iPhone Pro cycles, we will see the iPhone pro being above $1000.
Ultimately I think the big winners here will be the people who maximally frugal, Spartan frugal, and direct almost all of their economic energy towards purchasing and gaining bitcoin?
I wonder, if in the next 20 or 30 years, there will be an option that you could pay your US taxes with bitcoin? And this might be a good idea for the American government because she could start to store some of her wealth backed by bitcoin, not the typical gold standard.
I just recently discovered that Apple podcasts automatically transcribes podcasts, and it is actually very very good! I’m doing this when I am taking a nap in the car with Seneca, and I could just read the transcripts of the podcast interviews with Michael Saylor, because I don’t want to listen to the audio and wake up Seneca!
I still think that the future of media is still probably text based. For example, the famous Lex Fridman Michael Saylor interview which I think was three or four hours long, I just read the transcript of it, and therefore was able to download the information to my brain at least 1000 times faster.
With iPad Pro.
Travel! Some good places I recommend:
Still… traveling is the best thing for the buck for your photography! 
Work your legs, your mind.,, your soul:
EK WORKSHOPS
I think bicycles are seen as virtuous, but even bicycles have a downside that you have to sit? And often the issue with bicycles is that they are expensive, require a lot of maintenance, and dangerous if you live in a city. 
Even Seneca has the intelligence, he has a standing walking bike, the one without pedals… But he has never once sat on it and wrote it like a bicycle; instead he uses it like a walker? He walks along side it?
At the gym, everyone is trying to show off how strong they are. But it seems that the ultimate idea is maybe when it comes down to it… The ultimate display of strength is the yoke walk.
For example, let it say that you have the cold gym in Venice Beach or whatever… And my simple thought is just have a standing yoke, have a permanently bolted down with a 1000 pounds…  and there would be two goals:
Then for competition ,,, have two guys, with the same yoke, and the goal is to see who could do 100 yard dash with the yokes quicker? 
I think out of all of the exercise fitness trends, maybe the most productive one is the strongman ones. But even though, it is essentially a bunch of fat guys on steroids.
We got to make the yoke walk cool again.
In fact, there is this new scene in the Baywatch movie —  the one with the rock and Zac Efron, in which they are at the beach in Venice Beach I think, doing a yoke walk competition?
Zero drop, barefoot… Vibram 5 finger shoes.
Currently the vibram five finger ”EL-X” knit model.
We photographers spend so much money on our cameras lenses etc.… but how come so little money on our shoes, which is actually the most important element?
I also believe that the best thing to optimize in terms of your clothing is your shorts. Currently I believe the best shorts for photographers and street photographers to be the 5’’ license to train black shorts — zippers in the front pockets. 
Also, the simple ethos is that when you are out shooting, do you want to lighten your load to the minimum. RICOH GR III/X camera still seems to be peak.
Ge sun is out! Hit the beach, go to a wedding, soak up the endorphins!
As much as possible, don’t be in the loser indoors.
Don’t let your kids watch movies, media, films, DVDs etc.; also you yourself unsubscribe and cancel your membership for Netflix HBO, Disney+ whatever.
Go on a walk, go on a hike!
Lately I’ve been getting Seneca into climbing, baby rock climbing the center city one, sender city for kids; but even ultimately… Even Seneca says he prefers to walk!
WALK ON!
ERIC
OK some general thoughts:
First, the best accessories are just the human body. For example, reading the marketing material or just looking at the new Porsche 911 Carrera S whatever… If you look at the marketing material, if you study the Typically it is centered around the idea of a muscular rear section. However, isn’t it for superior as an instead of dropping $290,000 on a vehicle, instead, two impute and add that to your own body?
In the world of performance vehicles, modifying your car etc., there is a general notion of “bolt on”;. Essentially easy modifications could do to your car which do not require anything super complicated.
For example, let us say that you have the typical Japanese manual transmission car, easily install with just a ratchet and some adapters intake header exhaust, cat back etc.  some people with they eventually do is they turbocharged their car, but apparently… A lot of people don’t really like this because there’s too much turbo lag and not enough torque off the line. This is where having an electric vehicle is much more fun; instantaneous torque.
Even driving Cindy‘s dad’s Tesla model Y dual motor on the freeway… The feeling that the torque was always ready at command was quite awesome, because when you’re driving on the freeway, the 405… You know it is seconds notice you could easily overtake any other vehicle, whereas when driving around in my Prius, The issue is there is always an acceleration lag, which means I need to add more buffer when driving on the freeway.
I think this is what and where the notion of a one repetition maximum lift is so fascinating to me; form ultimately, it is much more interesting to lift 1000 pounds, once, for even a centimeter, rather than to lift 100 pounds 100 times, or to even carry 100 pounds for 10 miles.
Typically would ask of power, it is very very short; for example, if you’re doing a drag race, or if you’re trying to show off your power, or how powerful your car is… Nobody really cares about the whole distance thing — typically we ranked and measure ourselves in the context of 0-60 speeds, or the quarter mile.
For example, the thing which I still find endlessly hilarious at least in the context of course; even the formidable course 911, 911 turbo, the new 911 hybrid, even the 911 GT three RS; compared to cyber beast which I believe could go from 0 to 60 in only 2.5 seconds; Cyber truck the cyber beast is superior and every single shape form and way.
First, it looks cooler. Something about the singular front headlight design is endlessly fastening to me, it looks like RoboCop meets some sort of futuristic alien bot? One thing that I don’t really like the 911, no matter how much I’d like the car, is the headlight design; it is almost too cute, too bubbly. And let us not forget if you watch the cars movie, the Porsche 911 Carrera was actually the woman feminine figure in the film.
Also, note how cyber truck is literally bulletproof. I don’t know how doesn’t crash test, but certainly I would feel very secure driving around that car, especially with my kid which is by far the most valuable cargo you could ever have.
Everybody is sick some sort of supremacy themselves. For example, one wants to feel supreme in terms of their virtue ethics and morality, another further intelligence knowledge and wisdom, another for their body, muscles, physique and height, another for their taste in obscure aesthetic things and art and music and crafts, Another for their vehicles, another for their fashion, and also others for their riches wealth and money.
Assuming that you live in a modern day capitalist world, ultimately the most important thing is actually money. Who has the most money, who is the richest, the wealthiest, the most powerful.
We also make this line of thinking; he who is richest is also happiest, most joyful, most carefree, the most sublimely elevated.
However, I think actually… The most critical thing is your health, your wellness, your muscles, your posture, your mood, your energy levels, your zest for life!
For example, it doesn’t matter if you’re a trillionaire, if you’re a 600 pound obese man, stuck in a wheelchair, none of it will be worth it.
A general guideline I’ve been following ever since Seneca was born, was trying to focus on his physical health and his physical activity. For example, having the maximum amount of time and opportunity for him to just walk around, parkour, play at the park, claim stuff, Cool hiking or walking around nature or natural paths, going to the beach, etc.
It is virtuous in manifold ways; first, the more physical activity he gets, the better he eats, the more he grows, the stronger the more muscular and taller he becomes, the he becomes, and also the more physical activity he gets, he also sleeps better at night.
And then it becomes a virtuous loop; he sleeps well, he sleeps the night longer, wakes up later… better for me and Cindy, and also for our health and well-being. 
Over-health, over-healthy is the goal!
Impossible to think or say, but some simple very practical things that you could do in terms of money food and health include buying grass fed beef or meat, pastor raised eggs which have deeper more orange yolks, which not only taste 1000 times better but I believe have far more nutrition, Certainly these things will be fantastic for your health.
Also, certainly could coffee makes life better. Fine robust, or simple Ethiopian yirgacheffe coffee works wonders. 
Reading a lot of Karl Menger (Carl Menger), principles of economics; the Austrian school of economics, is this interesting notion of value.
First, I think the interesting realization and discovery that I made is that we individuals have the freedom and the power to posit what our values are. 
For example, what is it that you truly value? Your health, your well-being, family, your kid, your soul your sanity, your focus, your freedom etc.?
To a large extent, you could decide what you value and what you do not value.
For example, let us say that you value money above everything else; if that were the case, the easiest thing might be to get a dirty job and work in sanitation, which can make you the big bucks, but you have to smell poop for a living.
Or, you could become an investment banker, work on Wall Street, and work 120 hours a week, if that is your thing.
Also I think what a lot of Americans don’t realize is that you could live like a king in Southeast Asia for only about $300 USD a month! Or even if you live in a lot of America, I’m sure you could rent an apartment for only about $500 a month or something.
Or better yet, if you’re really smart and frugal, even living expensive place like Los Angeles or maybe even the San Francisco Bay area, don’t people realize that you could just share a room or an apartment with people?
For example, even if rent is quite expensive, just share a bedroom with somebody! If I was a single entrepreneur or maybe even a single person… Wouldn’t be so fixated on this whole notion that I had to have an entire place to myself, or even have my own bedroom. I have no issues sharing. Saving money, reducing expenses the absolute minimum is the goal!
As a fun experiment, make it again; see how long you go without buying anything? Of course besides food coffee etc.
.
Extreme volatility
3 boom and bust cycles
More hear strong
.
I’m getting used to the volatility
The extreme in asset responsibility
.
Barbell extreme
Barbell Investing
Bitcoin <—–> Crypto
.
No energy to create it
Securities, securities laws
Unbounded commodity
Vice in the crypto world
.
Best engineered, most economical
Cross collateralized with worst assets
Wait
Sort the worlds best from the worlds worst
Price to pay is volatility
.
Slow regulators
Don’t trust the UAE
.
Don’t trust Saudi or Dubai
Don’t trust the Middle East?
.
Dubai Coin?
Crypto Casinos
Manipulating the price
Regulator shut down slow
Regulation is good ***
.
FASBY, GAP accounting
Indefinite, intangible
Reputational toxicitity
.
Negative blow ups
Negative PR
Cash 0% yield
.
Lift with 60 pound weight vest
.
Adult supervision
.
100x
2034
.
2024
Accounting, and regulatory issues
JPMORGAN Chase will eventually buy Bitcoin or store it
Custody Bitcoin
.
Retire in 10 years***
..
How to custody bitcoin
Re-hypothecating
Easier
.
Fitness Memes
.
Checks & balances
.
When he dies how will they get the money
Fidelity
.
Leave the Bitcoin to.., who
Fat dumb and happy and arrogant
.
DTC NETWORK
.
Monopoly with wiring
Lend it, get yield
.
Full disclosure
Don’t chase yield
Regulated vs transparent
Culture of virtue
.
Greed & Speed
Becoming healthier is the goal —
Reviews are bad
363 mile rear wheel drive new Model 3… for only $29,990… wow!!
Changes in human needs
changes in the knowledge men have of the importance of goods for their lives and welfare.
Changes in the knowledge that we have about the importance of certain goods in our lives in our welfare?
Knowledge gap, gaining knowledge
.
value of the services of capital
What are the values, or what is the value of the services of capital?
Expected economic character
Expected value
Our expected value of goods?
When you purchase things or buy things or want to purchase advisor to things… We expect that they have a certain amount of value for us, but we are often wrong?
The prospective value
the prospective value of their product at the end of the production period.
Before you purchase something, very difficult to ascertain what the hidden annoyances will be
Morale of the story — know that with any new purchase of any so called desirable thing,,, there will be hidden annoyances!
the mag- nitude of importance of those satisfactions with respect to which we are conscious of being dependent on command of the good.
Magnitude of importance of those satisfactions
–> how conscious we are in terms of how dependent we are on it, and the command of it?
.
Principle of value determination
Magnitude of importance
Human economy
The importance of a satisfaction
Stupid men and defective knowledge
Rational economic activity
Error is inseparable from all human knowl- edge.
.
Men are especially prone to let themselves be misled into over- estimating the importance of satisfactions that give intense momentary pleasure but contribute only fleetingly to their well- being, and so into underestimating the importance of satisfactions on which a less intensive but longer enduring well-being depends. In other words, men often esteem passing, intense enjoyments more highly than their permanent welfare, and sometimes even more than their lives.
“I’m over it–“
Permanent welfare
.
Once you get a kid, paradigm shift –> everything changes
–> who do you desire to be your mate?
.
The subjective factor of value determination
Appraising your own state of mind
their per- ception of the objective factor of value determination
.
You don’t have to maintain bitcoin like real property
Sexy dad
Even owning an electric car,,, $1,000 USD for 4 new tires?
The best car is the car with the *LEAST* amount of maintenance costs (Prius)
People hark at digital and don’t understand it,,, but Bitcoin as the first true digital money,,, paradigm shift?
Keep stacking that digital money!
The problem ,,, people cannot understand the notion of a digital scarcity — digital stuff is seen as free and costs $0 to reproduce.
But if you truly understand Bitcoin, and the amount of work, electricity, human ingenuity that goes into “mining” and creating a single Bitcoin then you will understand that a single Bitcoin may in fact be the most valuable thing a human can own?
You can’t reproduce a Picasso nor Bitcoin
The measure of value is entirely subjective in nature,
Nature and the measure of value
Value is determined by individuals
His command of the good
*
Comparing your kids is a virtue?
Reproduction
.
The first true digital scarcity?
With digital things and files you can copy them ad infinitum,,, but with Bitcoin, hard cap of 21 Million Bitcoins
Doing yoga with a 60 pound weight vest on?
Tesla as a technology company —
Even though the Lexus may be the superior car,,, all of the LA baby mama’s would prefer to drive the Tesla Model X
Perhaps the true sign or signal as somebody’s health is in their legs?
Also, with weightlifters, bodybuilders, etc.… both men and women in general, the number one and only thing to do is look at their legs.
Strong legs, strong soul?
It’s interesting because I think when it comes down to it… one of the great ways that men rate the attractiveness of a woman is based on her legs. How long they are, how healthy it looks like their skin is, their overall gait and shape etc.
Also, when it comes to age, people getting into older age etc.… as long as people have strong sturdy tree trunk like legs, full of muscle strength and vigor, they will be fine. Even my mom who is now 69 years old, she has very strong legs, and is still doing a lot of world traveling hiking backpacking mountaineering with her friends etc.
You could tell easily; if you look at somebody’s bare legs, assuming that they’re wearing shorts, short shorts, a bikini, whatever… you could look at their legs and judge their legs. 
I think the big issue with leggings is that it is difficult to ascertain the health as somebody’s legs, their skin quality.
For example, if you look at women, just their legs, you could actually tell how old they are. Younger women, their skin and their youth in their legs has a different tone than a woman in her 60s, however fit she may be. 
A new trend I saw for a minute, especially in Orange County was that a lot of women were trading in their yoga leggings, their Lululemon leggings for what looks like these biker shorts, or booty shorts? Kind of like a very very shortcut tight for women, or imagine like a woman wearing very short boxer briefs?
In fact, why don’t you come to yoga, I’m not 100% sure why people wear leggings in general. Maybe to give them more friction when it comes to doing certain yoga poses? Because actually in fact, if you’re doing hot yoga or if you’re in a heated room, Having leggings are bad because it gets really really insanely hot. The ideal outfit is to just do hot yoga wearing a speedo, whether you are a woman or a man.
Now that it is forever summer here in LA, I’ve been having a natural propensity to hit the beach! I think when the weather is good, there’s nothing better than the beach.
Looking at all the people, it seems that the happiest people are the ones who are playing beach volleyball! They all have the best hands, or having the most fun, and I have some theories:
Currently reading Carl Menger’s the principles of economics, the father of the school of Austrian economics. 
It’s funny because in today’s world, their condiments, or you talk about the economy in general, is seen as the Apex field of study. Why? To study business and or economics, as soon as the ultimate pragmatic major introduce world to make money.
Making money, conserving money, and growing it; the trifecta.
Some people are very good at making money, but terrible at conserving it or investing it! For example, MC Hammer, 99.99% of rappers etc.
Double your money and make it stack!
I think this is still the strange aided in money economics wealth etc.;
In theory, the ideals to take 99% of the money you earn or make, and invested into something like bitcoin, and see your numbers forever go up. 
For example, the poor my mistake that a lot of young rappers do is that they get their first check for $1 million, $10 million whatever… And instantly the first thing they will do is buy a Rolls-Royce ghost or Phantom or Bentley… But it would actually be better to have use that money to just buy bitcoin, Which is essentially wealth on wheels, and just smile to see the numbers keep going up!

One of my friends who used to be at Ferrari collector, told me that after collecting all these Ferraris, rare cars and exotics etc.… Essentially he just got fed up with all of it, sold them all, and just now just drives around in a Lexus RX in Minnesota.  And also, very very interesting advice that I’ve got from really really truly rich people that I know is to just buy a Lexus. Why? 
First, if you are really really rich, actually ideally… You don’t want people to know that you’re rich! You don’t want to be held by hostage, or for ransom etc. I’m starting to also discover, being low-key poor, when in fact you’re really rich is very very good, the second that people know that you’re really rich, you actually start to concern yourself a little bit with security.  
Nowadays Lexus cars are so common place, it doesn’t really mean much in terms of prestige. However, if you want the ultimate in terms of comfort, the Apex quality of materials inside the car, and the ultimate and drive comfort, and also the highest in reliability (a Lexus is a Toyota after all), and also other benefits like having a hybrid engine which means that you don’t have to fill up the tank as often… All very good things.
Even when I went to Alexis experience center at fashion Island, I jumped into one of the new Lexus cars, I was shocked how high-quality the materials were, compared to Tesla cars, which feel very cheap.
I think at the end of the day, certainly Tesla is the more sexy and interesting car, but in fact if you think about real real real real quality and the best… Lexus is better.
***
***
Leg Leverage
Your Legs Run the World
Everyday is Leg Day
Instead of buying the loser Lamborghini, the loser Porsche, the loser Ferrari… better to instead to juice up your legs?
***
There is a funny meme in the world of fitness, life etc.; which is the notion of “skipping leg day“– the idea that we men are so obsessed about getting massive biceps, a massive chest, deltoids or shoulders etc.… that we instead of exercising our legs, we only focus on upper body movements which will show up on camera? 
My theory is that perhaps this meme has only created itself because of the camera, social media, etc. I think before cameras were invented, maybe before the ancient Greeks even had mirrors… muscles, show muscles weren’t really a thing. 
For example, imagine the Iliad, ancient Greece etc.,  ultimate question is who killed who? In terms of ultimate PVP, person versus person, player versus player combat… Who would kill who?
For example, on the battlefield… The question was who could kill Achilles? Nobody.
I’m sure certainly these ancient Greek heroes, king Leonidas, the Spartan 300 had insanely epic muscles. Yet, assuming that when you’re in battle, and you have battle armor on, certainly nobody is looking at your muscles, in fact, your muscles are only your metaphorical horsepower for your body and your lethality.
A funny thing; ever since I got my 60 pound weight vest, and I strap it on, I instantly gained about five or 6 inches in my chest. The funny thought; a lot of weightlifters and bodybuilders obsessed over having a big and a massive chest. Isn’t it easier to just drop on a 60 pound weight vest instead?
Also, when it comes to combat, does ones chest muscles actually do anything in terms of making one more imposing fighter? I don’t think so.
Becoming sexier —
First, I think what we men seek is to become sexier. Also the same thing goes with women.
In fact, talking about revealed preferences or whatever; the reason I don’t like talk, is that people have all this fake talk about blah blah blah, but revealed preferences show what is truly critical:
For example, if you go to a wedding, and everyone is dressing up to the 10’s– how is it that everyone wants to dress? The women want to look sexy and beautiful, the men want to look handsome, confident, sexy as well.
As a random sidenote, there is a common outage in the world of marketing that sex sells. This is true.
Even the reason why I like to study marketing for women is that I think it shows revealed preferences; even the female clothing brand Reformation has a delivery car with the motto “On our way to make you look sexy.”
Even the reason why the clothing brand ALO yoga is killing Lululemon, especially in Los Angeles is that it seems that aloe has become the sexier brand, and sexier women wear ALO yoga, even though ALO YOGA clothing materials (Bella + Canvas) is inferior to Lululemon materials; but the big issue Lululemon here has that it seems that only older, middle-age women are starting to wear Lululemon, and younger women are starting to flock to ALO yoga instead –
Also, I think the problem is in today’s world, sexiness, is no longer sexy. Rather, the new fashion trend is ugliness?
“I’m sexy and I know it”
I think the reason why I still leave LA to be the Apex place is that this is where all the sexy women are! Even as undergraduate at UCLA; I know that going to UCLA was super then going to UC Berkeley because LA, UCLA were all the pretty and sexy girls went! UC Berkeley has a reputation for being grungy, dark, overcast, ugly, etc. And I think it is true.
If you think about it, ultimately, sex might be the most important human virtue. Why? If you don’t have sex, you cannot produce children! And if you do not produce children, there would be no longer a human race! 
I met the founder of this local child’s clothing brand and store, Sean Macklemore; and he told me that the reason he got into the business was that babies are recession proof! 
At first, I was a bit skeptical; wasn’t the reality that when there was a recession, people stop having kids? But it seems that the truth is actually, whether we like it or not, we will always prefer to have children!
For example the current trend of having a dog, reducing your carbon footprint not having kids or whatever… I think this is just a weird degenerate trend. I think it will die out. In fact if you look at more product cities in the future like Irvine, Still very encouraged for people to have at least 2.2 kids, a single-family home, etc.
I think they really really families, at least the smart ones, we always prefer to have children! Why? The really intelligent families with much power, they realize that the true Legacy is three generations from now, imagine trying to give your inheritance to your dog will die before you.
There’s this quote from Archimedes that says “Give me a place to stand, and I shall move the world!”
Note, he says a place to stand, not a place to sit. 
The other day at the LA public library, the Mar vista branch, we saw this epic Taiko drumming show, and what was very interesting is that the Taiko drummers, when they were drumming at full force, would actually spread their legs and it looks like a lot of the power of the leg drive to hit the drums actually came from the legs?
Could we invent an innovate new styles of weightlifting that worked out your upper body that also encouraged you to use your legs? 
Questions; if I told you that you had to be a cripple, that you could not stand, use your legs, and you had to permanently be bound to a wheelchair for the rest of your life… But I would give you an unlimited collection of Rolls-Royce cars, Lamborghinis Ferrari Porsches whatever… McLarens ,,, name it… would you do the trade? Of course not!
 what are things are products which are marketed to us? It seems anything that has to deal with sitting, our butts.
For example, sofas couches, chairs?
The Herman Miller chair, lounging, sitting, first class… The strange sacrifice of your legs?
The ultimate exercise is just movement? Like walking around and moving around?
I’ve been thinking a lot about outside your type of exercise, movement, etc., and I think the first thought that I have is that the ideal movement has to deal with walking, movement, your legs?
Even taking things up a notch; I’ve mastered the 60 pound weight vest, could I do 100 pound and beyond? 
Where does your wisdom come from? Your innovation… your legs! 
For thinker, mathematician, scientist, innovator etc.… If you want to come out with new ideas, the best strategy is first start walking, a lot, an hour or two, and then the thoughts will naturally arise?
Also, for more productive presentations, conversations, interviews… Ideally the people would be outdoors walking together? Ideally in nature? 
Rather than having two individuals being stocked in a cramped podcasting interview room, better instead to have them both wearing Lavalier mics, Walking wall interviewing one other in the great outdoors? 
In fact, ultimately the quality of voices is not as important as the quality of the ideas. 
Better to have worse audio quality, but more unique creative ideas?
When it comes to life, health, existence etc.; what is the ultimate privilege? Your legs, being able to walk, etc.
For example, as a photographer and a street photographer, what is our ultimate passion? To travel, travel the world, to hit the streets, and to shoot street photography, ideally all day every day, with great gusto, and no fatigue.
Let us consider, mobility, which means walking with your legs, is the most critical elements when it comes to travel.
For example, a lot of Americans work really really hard, hoping to retire at the age of 65 with a fat pension fund, and then travel the world, whatever… but what if by the time you are 65 years old, you are so fat, fat and obese, type two diabetes, that even though you have a huge pension fund, you can no longer stand nor walk? 
With health, you don’t really appreciate it until you lose it.
The other day I went to a friends wedding, tons of fun, tore up the dance floor etc.… And I’m just chatting with the ballet guys, about the richest guy, the richest car etc.… And the guy wisely asked me–
“Are you healthy?”
And I responded– “I am extremely healthy!” Then he gave me a grin and said “Then you are the wealthiest one!”
Don’t be the cripple in the Rolls Royce:
I almost wonder if we could use this cripple, crippled metaphor for just modern day reality, philosophy, ethics etc.
Example, there are some people who are emotionally crippled, maybe has some sort of personal PTSD as a kid? Or people who lack empathy emotional social skills– social cripples? 
For example, I had the realization that in fact anyone who wears dark tinted sunglasses, all the time, even when they don’t need to… It is because they are extremely shy?
And it doesn’t really make sense for us to disdain people because they are shy?
Like most humans, I am very emotional, especially when it comes to numbers, money, finances, gains and losses. This is why I never look at prices, too much noise and emotions.
I think my strategy of via negativa never checking prices is wise — why? Essentially when I got to bitcoin at around $6000, $7000 a Bitcoin … around 2017, 2018… I essentially “Set it and forget it!” After making my initial investment, I just switched my attention and focused to other random stuff like working out, weightlifting, one rep Max powerlifting, philosophy, etc. So hilariously enough when the whole FTX thing happened, Sam Bankman Fried… I was actually oblivious to it all. The only reason I even found out about it because there was a random guy at the gym who told me about it?
I am definitely on the Michael Saylor camp, — trying to think about the next 100, 200, 300 years… and also thinking about what NASSIM TALEB talks about signal and noise… 99.9999% of things is just noise. 
For example, if you think about bitcoin, which might be the ultimate volatile asset, maybe second after micro strategy stock…  checking prices even on a daily basis is bad. And let us consider that most people are checking prices literally mid to minute, not good.
Instead let us imagine checking the prices only every four years. When bitcoin first hit my radar, when I was in Vietnam in Saigon in 2017, I recall bitcoin being only about $300 a bitcoin, and people would comment that it would never hit 1000. Then fast forward a bit, bitcoin hitting $20,000 a bitcoin… Big deal. Then it hitting $60,000 of bitcoin, $66,000 of bitcoin… Big deal. Then crashing down to sub 10,000, then back up to over $70,000.. I think the all-time high thus far has been made around $77,000 a bitcoin?
Anyways, assuming that the bitcoin having cycle is every four years, the truly empirical way to assess prices is to look at prices only every 4 years. 
I think my general ethos of quitting the news, never looking at any news, has been wise… I’ve been able to dodge all this fake news about bitcoin being bad for the environment etc.… Which I think was essentially an insider lobbing scammed by Sam Bankman Fried and paying billions of dollars of promotion sponsorships and marketing to a bunch of random celebrities crypto influencers, green piece etc.… To try to spew this propaganda that bitcoin was bad for environment, and that somehow, their “green“ token was much better … like Luna token, FTT token whatever… Which all essentially went to zero.
I think one of the most clarifying things of having a child is that once you got a kid, your horizon expand. You no longer just think about your own personal short-lived existence… You start to intelligently think long-term.
For example, the next 30 years. I am currently 36 years old, Seneca is three years, three months old… So in 30 years Seneca will be 33, almost in his prime. I suppose for men, I think we hit our prime in our 40s 50s 60s, maybe even 70s? I think physiologically things start to go downhill maybe when we hit our late 80s, but I suppose my great gratitude of being born a man is that as time goes on, my potency increases overtime.
Some of their random thoughts: the wisdom of not thinking too far into the future:
First, every single day you wake up, you’re going to feel a little bit different, and also the things you’re going to care about is going to be different day to day. 
I suppose what I am grateful about leaving the loser Bay area is that I am starting to slowly “de-techify” myself. Saying goodbye to loser Patagonia down jackets, insecure nerds with AirPods on, complaining about rent and property prices etc.
In fact, I am 1 trillion times happier here in LA than I ever was anywhere anywhere else. Why? Certainly there is always a learning curve to moving to a new neighborhood or a new city or a new local, but LA, Culver City is perfect. Literally the only place I’ve ever lived where I can walk… super well?
In fact, the currently sweet apartment that I got, I’m gonna hold onto that, forever. The ultimate squatter who actually pays his rent.
I think a general shift, a general shift I want to see is for us to become more gay, more jolly, grander, bigger, happier, louder, more joyful! Just go to a wedding, soak up all the good endorphins, and hit the dance floor!
Also don’t forget, it doesn’t cost anything to smile!
ERIC
Very simple… first look at the legs, then look at everything else! 
And also, if you really want to judge yourself according to any other man, ask them how much they could squat, deadlift, etc. 
We real men glorify our legs!
Just a simple thought, let us assume that you could load up the squat rack at your local gym with 11 (45 pound) plates on each side. And as a simple challenge, all you had to do was lift it off the rack with your shoulders and your legs in your back for a centimeter. If this were the case… physics don’t lie. Could you do it or not?
A wise economic thought –rent control, rent control for us is a very good thing. 
Why? I can hypothesize that we are going through a low-key hyper inflationary environment.  for example, right before my very eyes, I saw the price of a single burger patty go from $1.49 all the way up to $2.50! Literally … I saw the price of a single burger patty almost double, nearly an 80% increase in price overnight!
$20 an hour to work at McDonald’s?
Anyways, this upcoming election cycle would be good for bitcoin. Why?
First, there seems to be about an 80% certainty that Donald Trump is going to win. And I think Donald Trump said he was actually pro bitcoin.
The issues here is that first, nobody likes Joe Biden, not even the liberals or the Democrats, not even myself, and I voted for him because he was the non-Trump candidate. 
I don’t even know who’s running against Donald Trump.
Anyways, in a world of uncertainty and chaos, bitcoin gains.
For example it looks like the big trend here is that irregardless of whoever the presidential candidate is… Over along enough time span, I think the value of the US dollar will keep inflating. Already now I see a single-family homes in Culver City, super basic going for $2.1 million?
Also, the new iPad Pro. I think it’s wise that apple increase the price of the iPad Pro to $999, instead of the customary $799.
And also, certainly whether we like it or not, the price is the iPhones also must keep going up. I’m sure in the next five iPhone Pro cycles, we will see the iPhone pro being above $1000.
Ultimately I think the big winners here will be the people who maximally frugal, Spartan frugal, and direct almost all of their economic energy towards purchasing and gaining bitcoin?
I wonder, if in the next 20 or 30 years, there will be an option that you could pay your US taxes with bitcoin? And this might be a good idea for the American government because she could start to store some of her wealth backed by bitcoin, not the typical gold standard.
I just recently discovered that Apple podcasts automatically transcribes podcasts, and it is actually very very good! I’m doing this when I am taking a nap with kind of car, and I could just read the transcripts of the podcast interviews with Michael Saylor, because I don’t want to listen to the audio and wake up Seneca!
I still think that the future of media is still probably textbased. For example, the famous Lex Fridman Michael sailor interview which I think was three or four hours long, I just read the transcript of it, and therefore was able to download the information to my brain at least 1000 times faster.
Travel! Some good places I recommend:
Still… Traveling is the best thing for the buck for your photography! 
Work your legs, your mind.,, your soul:
EK WORKSHOPS
I think bicycles are seen as virtuous, but even bicycles have a downside that you have to sit? And often the issue with bicycles is that they are expensive, require a lot of maintenance, and dangerous if you live in a city. 
Even Seneca has been intelligence, he has a standing walking bike, the one without petals… But he has never once sat on it and wrote it like a bicycle; instead he uses it like a walker? He walks along side it?
At the gym, everyone is trying to show off how strong they are. But it seems that the ultimate idea is maybe when it comes down to it… The ultimate display of strength is the yoke walk.
For example, let it say that you have the cold gym in Venice Beach or whatever… And my simple thought is just have a standing yoke, have a permanently bolted down with a 1000 pounds…  and there would be two goals:
Then for competition ,,, have two guys, with the same yoke, and the goal is to see who could do 100 yard dash with the yokes quicker? 
I think out of all of the exercise fitness trends, maybe the most productive one is the strongman ones. But even though, it is essentially a bunch of fat guys on steroids.
We got to make the yoke walk cool again.
In fact, there is this new scene in the Baywatch movie —  the one with the rock and Zac Efron, in which they are at the beach in Venice Beach I think, doing a yoke walk competition?
Zero drop, barefoot… Vibram 5 finger shoes.
Currently the vibram five finger ”EL-X” knit model.
We photographers spend so much money on our cameras lenses etc.… but how come so little money on our shoes, which is actually the most important element?
I also believe that the best thing to optimize in terms of your clothing is your shorts. Currently I believe the best shorts for photographers and street photographers to be the 5’’ license to train black shorts — zippers in the front pockets. 
Also, the simple ethos is that when you are out shooting, do you want to lighten your load to the minimum. RICOH GR III/X camera still seems to be peak.
Sun is out! Hit the beach, go to a wedding, soak up the endorphins!
As much as possible, don’t be in the loser indoors.
Don’t let your kids watch movies, media, films, DVDs etc.; also you yourself unsubscribe and cancel your membership for Netflix HBO, Disney+ whatever.
Go on a walk, go on a hike!
Lately I’ve been getting Seneca into climbing, baby rock climbing the center city one, sender city for kids; but even ultimately… Even Seneca says he prefers to walk!
WALK ON!
ERIC
Why prices are so useful is they signal and signify value, or the value people have in them.
For example, the reason why the price for Bitcoin is so high — people value it greatly?
Or the reason why people pay high rents in desirable locations and places — because it is desirable!
Also price is also often a great filter; it simplifies life — typically things on sale make easier purchasing decisions, and makes us feel more satisfied with our decision making process.
Also a simple calculus — often things which are more expensive are better.
A life without prices would be a terrible life — the tyranny of day to day living … and impossible societal living!
Prices don’t lie.
Revealed preferences: what people actually spend their own money on reveals what they truly value!
Prices as solidified values?
Maybe this is what real freedom is… The freedom to dictate what your values are, and only pursuit values which you care for and to eschew values you don’t care for? 
The best asset gets you 1000x
300T into Bitcoin
Demonetize
..
Utility is the capacity of a thing to serve for the satisfaction of human needs,
Utility –> capacity for a thing to satisfy a human need
The physical man
Practical activity of men
.
Value
What do you truly value?
Our wills, our habits
Imaginary value —
–> we think a thing will have a value for us, but in reality doesn’t?
Value only in the context of the minds of men 
Consciousness in mind of men
Objectification of the value of goods
–> this is subjective
.
Actual life
**
I Seek a Courageous Life, Not a “Productive” One
.
Subjective vs objective differences
Subjective vs objective factor
Set of magnitudes
Passing enjoyment or increase of comfort
Increase of our well being.
More or less complete satisfaction
.
Different satisfactions
directed to the fullest possible satisfaction of their needs (economizing).
The fullest possible satisfaction of our needs
.
Satisfy as completely as possible
Concrete needs
Command of units
.
Just buy what is cheap
.
Do you want 10 pounds of biscuits or 10 pounds of ribeye steak ?
.
We impute value into goods
.
High value
.
I hate dark and wet rooms
Value determination
You determine your own value ***
Grade of seed
…grade of semen
Labor and value
Think the beach!
Black is the least resistant to boredom?
Think recreation
How to train like a real man —
Invest in religions
Ultimately the best will be the most powerful not the most comfortable
Power shall trump All
Health is Paramount
Never host anybody 
Embrace the ugliness
Good music bad music
 *
Capitalism is all about selling shame? 
Infinite creativity: