Culver till I die! 
I care! I care about this city!
I take off graffiti, I clean it up, I pick up broken glass shards on the floor when it is a public hazard, I love this place for life!
Certainly there is no perfect place on the planet, but assuming that this world and planet is like Mad Max, it is like our little Elysium in zombie apocalypse Los Angeles.
So in a very very interesting shift of things, I guess I’m super pro Trump Donald Trump, because he is super super 1000% pro bitcoin. And also, contrary to what people understand, Donald Trump is anti-war, he wants to immediately stop the war in Ukraine, he actually wants global peace.
This is kind of a little bit shocking to me, because I’m from the liberal Bay area, Alameda Oakland Berkeley I still got my 510 area code number… what that means is that I was always raised in thinking that conservative Republicans were like the devil.
Why? I grew up so poor, why were all these super super rich people super anti-helping out poor people like myself?
And also, I thought that overall, the policies were pro war, … I always thought that Republicans and conservatives were for war,… in that liberals and Democrats or anti-war?
I think the credit card thing that I learned is ultimately… You must just do the research for yourself by yourself.
For example, one big thing that changed my opinion about Donald Trump was watching his talk at the bitcoin conference and also seeing his interview with Joe Rogan. To me the reason why this was so good was that it humanized him, often times whenever we hear news reports or snippets from whatever… It is kind of like bad and evil click bait cherry picking; you will never get a true sensor reality until you watch the raw interview, the full two or three hours or so, uninterrupted, and also encourage watching the actual video footage.
I think the number one thing that is very very difficult in politics is that so much of it is predicated on other random political lines. For example, truth be told I still qualify myself as a Democrat and a left leaning liberal, yet… When it comes to individual policies and opinions and thoughts, my personal belief system is actually far more multi variegated.
For example… I’m all about helping poor people, and the like, and I’m not like super anti-taxes either.  if I were a homeowner, I would probably vote yes to increase taxes assuming that the money would go to actually support the public elementary schools.
Yet also what I do believe in support is having individual sovereignty to my bitcoin, without having the government metal in my bitcoin. I am also very anti-centralized digital currency by the US government, I think this is very scary. Essentially if you had a centralized digital bank currency by the American government, this would be worse than big Brother, 1984 in brave New World, having a super baby together.
So why does this all matter?
I think it matters because ultimately you gotta have somewhere to live, and I’m pretty sure that you do have a certain belief system.
Unless you like munching on acorns, and living in a hut by yourself, then, bitcoin matters.
For example, you don’t even matter if you’re one of those weird vegan hippies who want to be detached from it all — in today’s world it is like physically impossible to live without money, without US dollars, without Apple Pay without your Visa credit card, your debit card or cash money.
People say that love of money is the root of all evil. Yet, this is misguided; maybe the whole time because the money was imperfect, the love of an imperfect thing was considered a vice.
But what if money were perfected, almost godlike?
Then, love of bitcoin would be virtuous! 
To me, the difference is I see money more like transactions, stuff you buy and stuff, whereas capital is actually the Apex desired thing; the true king & emperor.
Bitcoin is king
Why? It unifies all 8 billion of us on the planet, and we are not restricted by jurisdiction, laws, governments politics etc. Bitcoin is pierced; it is a political, righteous and virtuous. It is like gold perfected.
If you could store gold on the cloud, on your iPhone, your iCloud account, this is what bitcoin would be.
***
So in a very very interesting shift of things, I guess I’m super pro Trump Donald Trump, because he is super super 1000% pro bitcoin. And also, contrary to what people understand, Donald Trump is anti-war, he wants to immediately stop the war in Ukraine, he actually wants global peace.
This is kind of a little bit shocking to me, because I’m from the liberal Bay area, Alameda Oakland Berkeley I still got my 510 area code number… what that means is that I was always raised in thinking that conservative Republicans were like the devil.
Why? I grew up so poor, why were all these super super rich people super anti-helping out poor people like myself?
And also, I thought that overall, the policies were pro war, … I always thought that Republicans and conservatives were for war,… in that liberals and Democrats or anti-war?
I think the credit card thing that I learned is ultimately… You must just do the research for yourself by yourself.
For example, one big thing that changed my opinion about Donald Trump was watching his talk at the bitcoin conference and also seeing his interview with Joe Rogan. To me the reason why this was so good was that it humanized him, often times whenever we hear news reports or snippets from whatever… It is kind of like bad and evil click bait cherry picking; you will never get a true sensor reality until you watch the raw interview, the full two or three hours or so, uninterrupted, and also encourage watching the actual video footage.
I think the number one thing that is very very difficult in politics is that so much of it is predicated on other random political lines. For example, truth be told I still qualify myself as a Democrat and a left leaning liberal, yet… When it comes to individual policies and opinions and thoughts, my personal belief system is actually far more multi variegated.
For example… I’m all about helping poor people, and the like, and I’m not like super anti-taxes either.  if I were a homeowner, I would probably vote yes to increase taxes assuming that the money would go to actually support the public elementary schools.
Yet also what I do believe in support is having individual sovereignty to my bitcoin, without having the government metal in my bitcoin. I am also very anti-centralized digital currency by the US government, I think this is very scary. Essentially if you had a centralized digital bank currency by the American government, this would be worse than big Brother, 1984 in brave New World, having a super baby together.
So why does this all matter?
I think it matters because ultimately you gotta have somewhere to live, and I’m pretty sure that you do have a certain belief system.
$6 Million Bitcoins — 6 Nakamotos!
Triple trump max let’s go!!!
Triple trump max let’s go!!!
TESLA is all red white & blue! People forget this?
If you’re pro America, you’re pro Bitcoin, Pro Tesla?
Don’t forget —> Adolf Hitler supported the growth and building of Volkswagen — the wagon (cars) of the “peopleâ€â€”
The national socializta party —
Why don’t we,, *prefer* American things over German things?
Why do we think that being German, thinking German, purchasing German stuff somehow makes us superior? Why not classic American stuff instead?
.
Public ledger
.
The red side.
The resistance
Let go of power!
.
FDIC?
CBDC,,, NO!
Individual wallet, individual sovereign asset ***
No CBDC!
.
The finance committee
.
Excise tax ?
30% excise tax
… light touch?
Nuclear Energy!
*
Don’t be a German Nazi!
The senate banking committee
Setting Bitcoin free at last!
.
It’s free at last!
Be a preacher
Tim Scott
Senator
.
Freedom money
.
Gives people their individual sovereignty
Don’t stifle innovation
THE SEC
.
Ginzler — hit the road jack!
.
The banking committee
.
Commodity vs Security
.
Clear rules?
.
“You’re too dumb to make your own financial decisionsâ€
.
Financial Racism?
Encumbered, unencumbered?
The right to Bitcoin
The rights of persons to maintain full lawful control over the bitcoin and other digital assets of those individuals, recognizing that the ability to maintain self custody of private keys is fundamental to the principles of financial sovereignty, privacy, and personal liberty in the digital age.
So this idea is super fascinating to me; life liberty and the pursuit of happiness.
Also, the right to personal sovereignty, privacy and personal liberty.
So I guess the big issue is we don’t have privacy anymore. There are CCTV everywhere, cameras everywhere, trackers on the Internet which follow and track your every move.
Also, assuming you have some sort of credit card thing with points, the way that they give you these points is that you essentially sell or forfeit your purchasing data, although it is anonymized, people could track every single financial move activity and behavior.
No I am not one of those weirdos who over since sensationalize this; ultimately, I don’t really care that much. What I am more interested is in, maybe the concept of digital property, digital property rights.
What is also really fascinating is how bitcoin is global digital capital, digital rights for all all across the planet.
For example, assuming that you live in mainland China and there is capital controls, what that then means is that you cannot take out $1 billion of Chinese yuan out of the country, even if you wanted to. Actually technically the smart strategy for rich me and Chinese person who wants to come to America whatever, is to swap all of their Chinese yuan or whatever for bitcoin, as much as humanly possible, and then just peace out.
The reason why this would be such a good strategy is that the truth is, nobody wants their wealth or their capital to be locked anywhere. For example, even my insane and annoying I remember like six months ago I just wanted to take out like $500 from the ATM at JPMORGAN Chase, and I could not, as the limit was around like 300 bucks? 
And this is the thing which is really really weird to me — so I just want access to my money, why can’t I have access to my own money? 
Kind of a random aside; I like the idea of like being able to kind of clean up the world, either with whiteout tape, or blackout tape, we just met black bitcoin icons etc.
So for example in Culver City and LA in general… My number one annoyance and greed is that there are so many annoying graffiti and ads all over the place.
So first, I just wanna clean up the damn place. I want to get rid of annoying advertisements and stuff, because aesthetically I feel like I have a strong imperative to do so.
Second, why is it so difficult or hard to promote some sort of well-being on the planet?
So assuming that like 99% of our problems in life can be attributed to the fact of a poor money supply, then what that then means is that maybe like 99% of our world problems could actually be solved by bitcoin.
For example, financial health. If money is toxic, capital is toxic, assuming that you’re playing in the world of fiat currency, what that then means is that you don’t actually want access to capital because it is like immediately causing you to bleed out economic energy and power.
I actually had a super funny random thoughts; think about like the notion of semen retention and economic power retention.
For example, every time you buy something expensive it is like blowing your load. For example, you lost for that matte black scissor door Lamborghini, and then you go out and buy it, for like $500,000 or something, like you just blown the biggest load of your life. But then the downside of that is after that, you’re like kind of done, and as a consequence, what do you have left to live for?
And actually the truth is, no man in his right mind would ever blow his load immediately before trying to lift 505 kg. Or also, assuming that you’re about to have the big fight, nobody in their right mind would ever ever ever ever even consider for half a second, Rubbing one out real quick before the big fight.
I actually have a thought thoughts on the first one is that you should not blow your load, anytime during the day because that is when your power is peak, that is when you have the most power. You should only ever blow your load in the evening right before you’re about to sleep, like how the ancient Greeks did it.
Example, can imagine Achilles blowing his load and inseminating one of his babes, immediately before the big battle? No!
So I think this matter for a lot of reasons.
First, it looks like everyone is sick unwell unhealthy. And not really out of their own fault, but rather, it seems like the bigger issue is that once again, we don’t have healthy instruments to work with.
For example, assume that you live in a society in which literally every single food item is laced and injected with high fructose corn syrup or sugar. Even if you want to lose fat and get a six pack and become strong healthy and happy, you cannot. Why? If everything has sugar added to it, even if you are the world‘s most diligent exerciser and individual, you can’t do nothing! And as a consequence once again, you cannot blame an individual agent or individual for becoming fat or sick or unhealthy, if in fact the things that you are consuming and using or in fact, Giving you type two diabetes, maybe the current US dollar and monetary supply is like a metaphorical type two diabetes for Americans.
Why do I care?
So the trillion dollar question is like… Why do I care?
First, once again, my moral and ethical imperative, growing up poor, having a dad who is addicted to gambling away the rent money, seeing my mom go through bankruptcy twice etc., almost homeless like four or five times, certainly gave me some sort of real life and real world education about economics.
And I think this is where people fail— they have never really really really really really seen people go through financial distress, financial duress, they’ve never really witnessed it, nor did they really understand what it means?
For example, a lot of these well to do Democrats liberals whatever, allow them actually come from quite affluent families. For example, a lot of people who lecture us about helping poor people blah blah blah, actually did not grow up poor. For example, unless you’ve ever had the experience, being like an elementary school kid, in the fourth or fifth grade, maybe around 11 or 12 years old, having to pick up the phone, because your parents knew that it was probably creditors asking for money, and if you’ve actually never had the experience of having to pretend online and say that your parents were not home, you don’t know nothing.
And maybe this is where I am the first self-made bitcoin millionaire; now that I’m stacking 2.3 M’s and beyond, things are starting to get really interesting to me, at almost a hilariously alarming pace.
First, honestly it all seems like some sort of fake reality, it’s still shocking to me whenever I see these numbers and balances. Still… The $90,000 mark for bitcoin hasn’t really yet set in yet for me.
And I’m sure in certain when we hit the hundred thousand dollar mark for bitcoin, and we have $100,000 party, the best party of all time in cyberspace, and Michael saylors‘s house, we will all be laughing to the bank.
Or better yet, the digital cyber base, a.k.a. our own home.
Why is this such a big deal?
I don’t know any human being on the planet who does not desire some sort of financial freedom independence or liberty. I don’t know anybody who wants to keep working there are boring 90 to 5 day job, doesn’t matter if you’re working at Amazon Apple Facebook Google; everyone I know, all my friends are working these big companies, Nobody wants to be there if they had the option– yet, they are tied to their mortgages, their other financial debts and obligations etc.
And this is where I think to a large degree, debt is the devil. Why? That is slavery! And the funny thing is that a lot of people they like willingly put themselves into debt slavery.
For the most part, because I’ve grown up poor and whatever… I don’t actually have that much compassion for people who do poor financial decisions with their life. When people go broke according to their own accord, zero compassion and empathy.
For example, if people complain about finances, the first thing you gotta do is look at their iPhone or look at their Car. A lot of these people who complained that they’re so broke all the time, they’re the ones who are always buying the newest iPhone or iPhone Pro, buy new cars, paying a monthly payment on their car, sending their kids to daycare or private school or whatever, giving fellatio to Mark Zuckerberg, Essentially if you’re on Instagram, you love the taste of Zuckerberg semen in your mouth. Also, the reason you should not trust Mark Zuckerberg, he pretends to be fake poor humble, – she himself still operates under this façade of being a good guy, yet privately owns $10 million cars in his garage.
And I’m also pretty certain that Mark Zuckerberg has probably used the meta-quest at least once to check out virtual reality porn. Not that this is bad, but it is probably true.
So what I really love about the financial freedom of bitcoin is that I think it sets people free. 
For example, with bitcoin, you could go anywhere on the planet, and always have your wealth with you. You don’t have to be tied down by nothing, not your loser Lamborghini your lose loser Porsche, and now, even your cyber truck.
Ideally, all your wealth would always be portable, with you, in your front pocket in your iPhone, anywhere on the planet!
A funny idea… Thank you you’re making some matte black bitcoin patches, some matte black bitcoin stickers. If you’re interested in copping some, just email me eric@erickim.com
Once again, very very simple guys; senator Cynthia Lummis, she is introducing this really interesting bitcoin bill, in which America will like try to obtain 1 million bitcoins over four years. The legendary and mythical Nakamoto, which is 1 million bitcoins.  
America is money, America is manifest destiny. America is the best, the most powerful, the most dominant, and anyone who likes to think otherwise is either deluded, wrong, or somehow, anti-American? I don’t really get it; technically, if you live in America, and you get paid in US dollars or whatever, it is actually like a super good deal.
Why? First, essentially America could print money ad infinitum, for free, into infinity.
So it seems actually super super obvious; to essentially, just print a bunch of money, buy the bitcoin, and take the upside, none of the downside. In fact, the really intelligent strategy  is the triple Trump Max strategy outlined by Michael Saylor in his presentation the red wave; to purchase 4 million bitcoins.
If we own 6 million bitcoins, 2045,,, which is just 21 years from now, … $81T payoff!
Also what is really fashion being is that bitcoins, is actually… Also built upon the bitcoin icon; everyone could easily notice the bitcoin icon from even 100 miles away. Yet, nobody has any clue or idea what Ethereum is. Or anything else.
Another big idea in things to my colon doesn’t everyone seek and desire some sort of financial prosperity? Like doesn’t everyone want to be super super filthy dumb rich, whether they use that money for good like donations to charities or whatever, quitting your own nonprofit, helping poor kids, whatever?
I think this is also another thing that people don’t understand, capital control,  financial control, financial power is real power.
For example, I just went to Catholic mass the other day, and there was a second donation, for St. Vincent de Paul, helping poor families deal with paying the rent and utilities, not getting evicted etc. As long as the Catholic Church still asks for donations — money matters.
In fact I really interesting thought is if the Catholic Church or the Vatican or whatever would build up their own strategic bitcoin reserve, then, the Catholic Church would last into perpetuity. And also never have to pay taxes.
You’re kind of matters because even if you’re being taxed at a paltry rate of 1%, in like 30 or 40 years, assuming that you bought a $1 million home, you’re going to send you be paying like half of that in just simple property taxes. 
Or, if you purchase a one million $ home, and you have one percent tax, then over the course of 100 years, you’re going to have already paid $1 million worth of property tax.
Now why is this important? You cannot text bitcoin, if you just hold it. And don’t sell it. Or transfer it.
Also fortunately, there’s no inheritance tax on bitcoin. Like if you die you could just give your private keys to your kids, and they will give it to their kids kids kids. No government meddling around with your family’s wealth. 
Even Sanator Lummis supports this idea, assuming that the bitcoin act passes, the bitcoin bill, I don’t really see any reasons why it won’t, essentially will give more clear property rights of private keys, to humans and American citizens?
For example, nobody could stick a gun to your head, and force you to hand over your keys.  however, somebody could stick a gun to your head, and force you to give you your credit cards, your wallet, your credit card your stuff, or break into your home and steal the gold bars stuffed under your mattress.
First, I think banks were generally a good thing the invention of it was beneficial in so far much as even me, I don’t want to walk around with like $100,000 of US currency in my pocket. Why? The risk of me misplacing it, losing it, getting it stolen is quite high. For example like when I used to lift weights at the gym and I did not want to get distracted, Sometimes I would just like leave my backpack there, not really worrying whether people would steal my old iPhone SE, or steal the maybe $50 i had in my wallet.
And this is the big idea, the idea that you could essentially store your own wealth, without a loser bank, a fucking asshole bank, I fucking hate the banks! Even these fucking assholes at JP Morgan Chase; literally taking me about three weeks before I could wire my own damn money to my Coinbase account, to just buy bitcoins for myself, even having to go to the branch like three or four times before doing it!
***
An interesting thing; if you have a certain upgraded bank status with JP Morgan Chase, they actually give you access to this free vault thing, where I guess you could hide your gold bars and antique Rolexes.
You’re not supposed to, but you can. I also would not be surprised that a lot of people probably hide US dollars or cash currency to avoid paying taxes, which I find to be a very very despicable act.
I think with taxes, there is actually kind of like a moralistic obligation to pay taxes, certainly nobody wants to pay more than their fair share but still… I have a personal moral obligation to pay taxes. Why? Because once again, at least for myself, I was raised through the public school system, I went to UCLA, with federal government grants and scholarships, to become the person I am today. I am so insanely grateful to America American government, my mentors, my local Boy Scouts troop,  who knows maybe I’ll start volunteering once Seneca is old enough.
My sense of patriotism, is not this fake ass flag humping conservative Republican alt right, con toting fake ass libertarianism anti-government thing; even what a lot of these loser Republicans and conservatives don’t understand is they are all apparently super anti-government, yet they want America to build a wall to keep out others?
Or, they want the government to stay out of their gun business, but don’t they understand that actually, the right to gun ownership is actually still predicated on the US government?
Or, let us see that somebody breaks into your house, and either robs you or kills your family members, whatever… And even though you have a arsenal of guns, you were not able to stop all the perpetrators. If you want to enact justice, yet you are super anti-government, everyone is antigovernment until they need the government. 
Then what I think people really want is like kind of maybe minimum government possible, MVP, MINIMUM VIABLE GOVERNMENT (MVG).
I think the general idea is that certainly it is good to have the fire department if you don’t want your house to burn down, ain’t nobody gonna own their own fire hose to prevent their house from burning down.
Also, it is certainly good to have a police department, a police force, once again, if somebody beat you up and rob you, and you catch them, you certainly want justice to be dealt to them.
I think that it is like having just enough government, without the bloat?
It’s kind of like having a smart phone, certainly life is better with a smart phone rather than without. However the new ones is, ain’t nobody want to own a loser android or Samsung phone, which has far too much bloatware.
Even now Apple, there are too many damn apps.
I don’t really get it; Apple keeps turning out all these new apps, apps that nobody has any idea what it is, nor do people actually have any desire to use it, I said just let the third-party developers make those journaling apps and stuff. In fact, if Apple were really intelligent what Apple would do is actually with every subsequent version of iOS, they would actually get rid of superfluous apps!
Like there’s all these weird apps like the measuring tool and whatever.  Come on Apple just get rid of it. 
Physiology *IS* Mentality
Why we trying to pretend that physiologically or even mentally we the same?
Ain’t nothing can stop me!
Real men bear their arms ,,, show off their arms, their dominance, their power!
To ensure the long-term sta-
bility and security of the Strategic Bitcoin Reserve,
the Secretary shall hold all Bitcoin acquired through
the Bitcoin Purchase Program for not less than 20
years.
The Secretary shall imple-
ment state-of-the-art physical and digital security
measures to protect the Strategic Bitcoin Reserve.
total acquisition of 1,000,000 Bitcoins;
purchase not more than 200,000
Bitcoins per year over a 5-year period,
Strategic bitcoin reserve
Super easy to get rich,,, just buy MSTR microstrategy stock and Bitcoin. Essentially like a 22% ARR, annual rate of return, on average over 21 years, risk free —!
The introduction of the BITCOIN Act of 2024 by Senator Cynthia Lummis marks a pivotal moment in the evolution of U.S. financial policy. This proposal to establish a strategic Bitcoin reserve carries profound implications across various dimensions. Here are ten reasons why this initiative is a significant development:
1. Recognition of Digital Assets
By proposing a strategic reserve of Bitcoin, the U.S. government acknowledges the legitimacy and potential of digital currencies as integral components of the financial system. This move could pave the way for broader acceptance and integration of cryptocurrencies in mainstream finance.
2. Diversification of National Reserves
Traditionally, national reserves have been composed of assets like gold and foreign currencies. Incorporating Bitcoin introduces a new asset class, enhancing the diversification and resilience of the nation’s financial holdings.
3. Hedge Against Inflation
Bitcoin’s finite supply makes it an attractive hedge against inflation. By holding Bitcoin, the U.S. could protect its reserves from the devaluation associated with excessive money printing and economic uncertainties.
4. Strengthening the U.S. Dollar
Establishing a Bitcoin reserve could bolster the U.S. dollar’s position as the world’s reserve currency. Demonstrating adaptability to digital financial instruments may reinforce global confidence in the dollar’s stability and longevity.
5. Leadership in Financial Innovation
This initiative positions the United States as a leader in embracing financial innovation. It signals a proactive approach to integrating emerging technologies, potentially attracting investment and talent in the fintech sector.
6. Influence on Global Financial Policies
If the U.S. adopts a strategic Bitcoin reserve, it could set a precedent for other nations. This action might catalyze a global shift towards the inclusion of digital assets in national reserves, reshaping international financial policies.
7. Economic Growth Opportunities
The move could stimulate economic growth by fostering a more robust digital economy. It may encourage the development of blockchain technologies and related industries, leading to job creation and technological advancements.
8. Enhanced Financial Security
A diversified reserve that includes Bitcoin could enhance national financial security. It provides an alternative asset that is decentralized and less susceptible to geopolitical tensions affecting traditional assets.
9. Public Perception and Trust
Government endorsement of Bitcoin could shift public perception, increasing trust and adoption of digital currencies. This acceptance may lead to broader utilization and integration of cryptocurrencies in everyday transactions.
10. Future-Proofing the Economy
As the global economy becomes increasingly digital, integrating Bitcoin into national reserves is a step towards future-proofing the economy. It ensures that the U.S. remains relevant and competitive in the evolving financial landscape.
In conclusion, Senator Lummis’s proposal to establish a strategic Bitcoin reserve is a forward-thinking initiative with far-reaching implications. It reflects a recognition of the changing dynamics in global finance and positions the United States to lead in the digital financial era.
The introduction of the BITCOIN Act of 2024 by Senator Cynthia Lummis marks a pivotal moment in the financial history of the United States. This proposal to establish a strategic Bitcoin reserve is not merely a legislative initiative; it signifies a profound shift in how we perceive and engage with digital assets.
Bitcoin as Digital Gold
Bitcoin has often been likened to digital gold due to its finite supply and decentralized nature. By proposing to acquire up to 1 million Bitcoins, the U.S. government acknowledges Bitcoin’s potential as a store of value and a hedge against inflation. This move could set a precedent for other nations, potentially leading to a global reevaluation of digital currencies in national reserves.
Strengthening the U.S. Dollar
Incorporating Bitcoin into the national reserve could bolster the U.S. dollar’s position as the world’s reserve currency. By diversifying its holdings, the U.S. Treasury may enhance the dollar’s stability and resilience in the face of economic uncertainties. This strategy reflects a forward-thinking approach to maintaining financial dominance in an increasingly digital world.
Embracing Financial Innovation
The BITCOIN Act represents a significant step toward integrating innovative technologies into the nation’s financial framework. It signals a willingness to adapt and evolve, embracing the potential benefits of blockchain technology and digital assets. This adaptability is crucial for staying competitive in the global economy and fostering an environment conducive to technological advancement.
Implications for the Global Economy
Should the U.S. proceed with this initiative, it could trigger a domino effect, prompting other countries to consider similar strategies. This widespread adoption could lead to increased legitimacy and stability for Bitcoin and other cryptocurrencies, potentially transforming the global financial landscape.
Conclusion
The BITCOIN Act of 2024 is more than a legislative proposal; it is a bold statement about the future of finance. By considering Bitcoin as a strategic asset, the United States positions itself at the forefront of financial innovation, setting the stage for a new era in economic policy and digital asset integration.
…
FOR IMMEDIATE RELEASE
Senator Lummis Proposes Strategic Bitcoin Reserve to Strengthen U.S. Financial Position
Washington, D.C., July 31, 2024 — U.S. Senator Cynthia Lummis (R-WY) has introduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2024, aiming to establish a strategic Bitcoin reserve for the United States. This initiative seeks to bolster the U.S. dollar and enhance the nation’s financial stability.
The BITCOIN Act proposes that the U.S. Treasury acquire up to 1 million Bitcoins over a five-year period, representing approximately 5% of Bitcoin’s total supply. The goal is to create a strategic reserve to hedge against inflation and reinforce the U.S. dollar’s status as the world’s reserve currency. The bill also emphasizes the importance of secure storage and management of these assets.
“Establishing a strategic Bitcoin reserve is a forward-thinking approach to safeguarding our nation’s financial future,†said Senator Lummis. “By embracing innovative technologies, we can strengthen the U.S. dollar and ensure our economic resilience in the face of global challenges.â€
The proposed legislation outlines a structured acquisition plan, ensuring that the purchase of Bitcoin does not disrupt market stability. It also mandates the development of secure storage solutions and the establishment of oversight mechanisms to manage the reserve effectively.
Senator Lummis’s proposal has garnered attention from both policymakers and financial experts, sparking discussions about the role of digital assets in national economic strategies. The BITCOIN Act represents a significant step toward integrating cryptocurrency into the broader financial framework of the United States.
For more information, please contact:
[Your Name]
[Your Title]
[Your Organization]
[Your Contact Information]
About Senator Cynthia Lummis
Senator Cynthia Lummis is a Republican Senator from Wyoming, serving since 2021. She is a member of the Senate Banking, Housing, and Urban Affairs Committee and a known advocate for financial innovation and digital assets.
###
In July 2024, during the Bitcoin 2024 conference in Nashville, Tennessee, U.S. Senator Cynthia Lummis announced a proposal to establish a strategic Bitcoin reserve for the United States. This initiative aims to bolster the U.S. dollar and strengthen the nation’s financial position. The proposal was officially introduced as the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2024 on July 31, 2024.
The BITCOIN Act proposes that the U.S. Treasury acquire up to 1 million Bitcoins over a five-year period, representing approximately 5% of Bitcoin’s total supply. The goal is to create a strategic reserve to hedge against inflation and reinforce the U.S. dollar’s status as the world’s reserve currency. The bill also emphasizes the importance of secure storage and management of these assets.
While the full text of Senator Lummis’s speech at the Bitcoin 2024 conference is not readily available, her office has released detailed information about the proposed legislation and its objectives. For more insights into her views and the specifics of the proposal, you can refer to the official press release linked above.
Bitcoin as the destroyer of old capital?
…
███████████
███ ▓▓ ███
███ ▓▓▓▓▓▓▓ ███
███▓▓ ₿ ▓▓███
███▓▓▓▓▓▓▓███
███████████
â–“â–“â–“â–“ â–“â–“â–“â–“
████████████
███▓▓▓▓▓▓▓▓███
███▓▓▓▓▓▓▓▓▓▓███
███▓▓▓▓▓▓▓▓███
████████████
red white &
████████████▄▄
███▀▀▀▀▀▀▀▀▀▀▀██▄
█▀ █
█ █▀▀▀▀▀▀▀█ █
█ █ ₿ █ ▀▀█
█ █▄▄▄▄▄▄▄█ █
â–ˆ â–„â–ˆ
████████████████▀
▀▀▀▀▀█ █▀▀▀▀▀
â–ˆ â–„â–ˆ
█▀▀▀▀█ █▀▀▀▀█
██████ ██████
RED, WHITE & â‚¿
The true ethos of any true pioneer or innovator who truly cares?
Certainly! The cowboy hat was not just a fashion accessory but a highly functional piece of gear essential for survival and efficiency in the rugged conditions of the American West. Here are the practical reasons behind its design and enduring popularity:
Protection from the Elements
• Wide Brim:
• Sun Protection: The broad brim shielded the face, neck, and shoulders from the intense sun, reducing the risk of sunburn and heatstroke during long hours outdoors.
• Rain and Snow: It acted as an umbrella, directing rain and snow away from the wearer’s face and clothing, keeping them drier and more comfortable.
• Wind Block: The brim provided a barrier against dust and wind, which was especially useful during storms or in open plains.
• High Crown:
• Insulation: The tall crown trapped air, helping to keep the head warm in cold weather.
• Ventilation: In hot weather, the space allowed for air circulation, cooling the head.
Durability and Practical Materials
• Felt Construction:
• Water Resistance: Made from animal fur like beaver or rabbit felt, the material was naturally water-resistant, crucial for unexpected downpours.
• Durability: Felt hats could withstand rough handling and harsh conditions, making them ideal for daily wear.
• Straw Hats:
• Breathability: In hotter climates or seasons, straw hats offered a cooler alternative while still providing sun protection.
• Lightweight: Easier to wear for extended periods without discomfort.
Versatility in Daily Tasks
• Water Carrier:
• Makeshift Bucket: The hat could be used to scoop water for horses or personal use when no other container was available.
• Signal Device:
• Communication: Waving the hat was an effective way to signal over long distances in the vast landscapes.
• Fan or Fire Tool:
• Cooling Off: It could be used as a fan to cool down during hot days.
• Fire Stoking: Helpful in fanning flames when starting or maintaining a campfire.
Assistance in Ranch Work
• Animal Handling:
• Herding Tool: Cowboys used their hats to direct cattle or horses by waving or swatting to guide the animals.
• Storage:
• Carrying Small Items: The crown could temporarily hold small essentials like notes, tobacco, or other personal items.
Adaptability and Customization
• Shapeable Brim and Crown:
• Personal Fit: Wearers could mold the hat to suit their needs, such as tilting the brim to one side to block the sun or rain.
• Regional Styles: Different creases and shapes could signify regional preferences or individual styles.
• Chin Straps (Stampede Strings):
• Security: Prevented the hat from blowing away while riding at high speeds or in strong winds.
Practical Symbolism
• Identification:
• Role Indication: The style and condition of a hat could indicate a person’s profession (e.g., rancher, lawman) or status.
• Group Affiliation: Certain styles were associated with specific groups or regions, aiding in quick recognition.
Safety Features
• Physical Protection:
• Barrier: Provided minimal protection against low-hanging branches, falling objects, or accidental bumps.
• Visibility:
• Standing Out: The distinct silhouette made it easier to spot individuals across open terrains.
Economic Efficiency
• Longevity:
• Investment Piece: A well-made hat lasted many years, important in remote areas where replacements were hard to obtain.
• Multipurpose Use:
• Gear Reduction: Served multiple functions, reducing the need to carry additional equipment.
Etiquette and Social Function
• Respectful Gestures:
• Hat Tipping: A universal sign of courtesy or greeting.
• Removal Indoors: Demonstrated respect when entering homes or establishments.
The cowboy hat’s design was a direct response to the practical needs of those who wore it. Its functionality made it an indispensable tool for survival and efficiency in the challenging environments of the West. Its continued use today pays homage to its practical roots and the enduring legacy of the cowboy culture.
.,..
The cowboy hat is more than just a piece of attire; it’s a symbol of the American West and a testament to the rugged individualism that characterized the frontier era. Its evolution reflects the practical needs of cowboys and ranchers, as well as the cultural influences that shaped the United States during the 19th and early 20th centuries.
Origins
Before the cowboy hat became a distinct style, frontiersmen and cowboys wore a variety of headgear suited to their needs. Common choices included:
• Bowler Hats: Popular among working-class men in the East, they offered durability but limited sun protection.
• Derbies and Top Hats: Worn by more affluent individuals, these were less practical for ranch work.
• Civil War Caps: Military surplus provided inexpensive options, though they lacked the wide brims needed for sun protection.
• Sombreros: Adopted from Mexican vaqueros, these hats had wide brims ideal for shading the face and neck.
John B. Stetson and the “Boss of the Plainsâ€
The first design specifically catering to the needs of cowboys is credited to John Batterson Stetson. In 1865, after a health-related move to the West, Stetson created the “Boss of the Plains†hat:
• Design Features:
• High Crown: Provided insulation from heat and cold.
• Wide Brim: Offered substantial protection from sun, rain, and snow.
• Fur Felt Construction: Made from beaver, rabbit, or other animal fur, it was durable and water-resistant.
Stetson’s hat quickly gained popularity due to its practicality and became a staple among Western settlers.
Evolution of Styles
As the cowboy hat gained widespread use, variations emerged to suit personal tastes and regional preferences:
• Cattleman Crease: Features a single crease down the center of the crown with dents on either side. It’s the most common style among cattle ranchers.
• Pinch Front (Foreman Crease): Has a teardrop-shaped crown with pinches at the front, offering a more fitted look.
• Gambler Style: Known for its flat crown and brim, it was popular among riverboat gamblers.
• Tom Mix: Named after the silent film star, this style has an exaggeratedly tall crown and wide brim.
Materials and Construction
While fur felt remained the material of choice for its durability, other materials were introduced:
• Straw: Provided a lightweight option for hot climates.
• Wool Felt: A less expensive alternative to fur felt.
• Leather: Used for fashion statements rather than practical work hats.
Cultural Impact
The cowboy hat became an enduring symbol through:
• Wild West Shows: Figures like Buffalo Bill Cody showcased the hat in performances that romanticized the West.
• Literature and Dime Novels: Stories of frontier adventures often featured cowboys adorned with the iconic hat.
• Hollywood: Western films solidified the cowboy hat’s image globally, with actors like John Wayne and Clint Eastwood making it synonymous with toughness and heroism.
• Music: Country and Western musicians adopted the hat, linking it to a musical genre that celebrates rural and cowboy culture.
Modern Usage
Today, the cowboy hat remains prevalent in:
• Ranching and Rodeos: Still a practical choice for sun and weather protection.
• Fashion: Designers incorporate the hat into collections, blending traditional and modern aesthetics.
• Cultural Events: Worn during country music concerts, line dancing, and Western-themed festivals.
• Collectibles: Vintage and celebrity-owned hats are sought after by collectors.
Conclusion
From its practical beginnings addressing the needs of frontier life to its status as a cultural icon, the cowboy hat embodies a significant chapter of American history. Its evolution mirrors changes in society, fashion, and media, yet it remains a potent symbol of the independent spirit and enduring allure of the American West.
Too slow!
And that’s only half?
Your true ethics are truly shown through your aesthetics?
—> How you look or present yourself is a true indicator of who you truly are?
Or in other words,
Your aesthetics are true!
Matt black eight bit bitcoin icon logo
ERIC KIM bitcoin
Perhaps in order to create the new capital we have to destroy the old capital? What that then means is we have to rethink the whole thing, destroyed the old antiquated forms of capital to make room for the new type of New digital capital, which is harder stronger smarter, have you more dense superior And supreme; which is bitcoin.
A very interesting unorthodox theory… What if in fact, women desired sex more than men?
so assuming that there is currently a fully diluted share of MSTR of 242 million shares, and assuming that bitcoin goes to 10 million a bitcoin, then the simple math means that micro strategy should be worth at least $2.6 trillion. Probably more because that would just be their corporate treasury, the true valuation is more because they could produce more stuff.
so then, assuming that their bitcoin corporate treasury might only be worth like 10% of their value, and 90% of their value should just be about their bitcoin refinery business, then if that is the case… then MSTR at 10 million a bitcoin should be worth $26T… $100,000 a Share for MSTR?
…
To determine the share price corresponding to a $2.6 trillion valuation for MicroStrategy Incorporated, we divide the total valuation by the number of fully diluted shares outstanding. As of November 11, 2024, MicroStrategy reported approximately 242 million fully diluted shares.
Calculating the share price:
$2,600,000,000,000 ÷ 242,000,000 ≈ $10,743.80 per share
Therefore, with 242 million fully diluted shares, a $2.6 trillion valuation would imply a share price of approximately $10,743.80.
….
242 million shares.
As of November 11, 2024, MicroStrategy Incorporated reported a fully diluted share count of 242 million shares. This figure includes all potential shares from convertible debt and other dilutive securities. The basic shares outstanding were approximately 210.8 million at that time. The increase in diluted shares is primarily due to the company’s strategy of issuing equity and convertible debt to finance substantial Bitcoin acquisitions.
Currently Apple has about a corporate treasury of $156 billion, and let us say that micro strategy currently has a war chest of $26 billion … so some simple mathematics if bitcoin 10x’s from here,.. going from 100,000 coin to 1 million a coin, which is just conservative, more realistically in the long run it will hit $10M a coin,,, if this is the case, … just do the simple math:
$260B for MSTR, which is $100B *more* than APPLE, .. and assuming that bitcoin 100x’s from here, … then that what that means is that there corporate treasury should be worth at least $2.6Trillion dollars?
My simple thought is that one bitcoin should be worth one single family home:
Even often the good signal is also noise? Emotional truthful noise?
For example, I think Joe Rogan, Elon Musk, Twitter X is starting to actually uncover… That actually the truth is, we’ve always been lied to. But the better question now is now that we know this, why does it matter?
For Myself, I ultimately see it like it’s not the truth that we want, in philosophy but rather, aesthetics, ethics, ideas?
Assuming you’re not really following mainstream news anyways, why does the truth matter?
Hot take: I think in four years by the end of the Trump presidency, I will not be shocked if bitcoin hits 1 million of bitcoin, which is about 10x from here?
To keep the math simple; I’m just going to assume that bitcoin is like $100,000 of bitcoin right now. So $100,000-$1 million is a 10x gain.
So do the simple math, if you sell your assets right now which are not really rapidly accumulating in value, then, the best way to think about it is that you have to have a strong end up for your timeline. It is currently the year 2024, I think Trump takes presidency 2025, so then the projection should be 2029, Four years from now… Seneca will only be eight years old? Is that like the second grade? And then on top of that it will be another 10 years until he goes to college or just starts his own bitcoin based company or thing.
Making predictions four years from now is pretty simple. I am very very certain that miracle will accumulate some amount of bitcoins to back strategic bitcoin treasury reserve assets, I think of it like the new bitcoin Fort Knox; my personal thought is that America will decouple herself from the gold standard, and then latch on and hyper charge herself with bitcoin.
The reason why this becomes such a fascinating idea is that then, the US dollar will actually appreciate and value because it is actually backed by something which is real, bitcoin.
I recently watched a presentation by Michael Saylor, titled the red wave, and it is really really fascinating; now that the red Republicans have taken over the whole government, this is like 1000 X good news for us bitcoin holders as well as micro strategy share owners.
Why is it meant to be such a glorious future for us?
First, the crypto Renaissance. Now that Elon Musk is going to be the new doge chair, which is hilarious, you’ll see a boom in the whole cryptocurrency industry, a new resurgence. And as a consequence, you’re going to see like 1 trillion new crypto based companies having a virtual IPO– even Scottie Pippen is doing interesting with the famous 1991 basketball that he has held for 33 years, and he is like sharing ownership in it or something? $BALL
ANYWAYS, THIS IS ALMOST LIKE THE NEW DIGITAL GOLD WAVE; the new digital gold rush.
Even now, you’re already seen smart rich old families buy best from gold and pour that money into bitcoin instead. You are starting to see the black rock gold ETF becoming consolidated, and having those asset reserves pour into bitcoin the bitcoin spot ETF Ibit by Black rock.
Even watch CNBC news, the squawk box, which is the real financial news. You know it is a big deal when you have all these really really famous investors, admitting that they were actually wrong about bitcoin, although saying it in like a sideways, orthogonal way.
Even this really famous investor in Tesla admitted to the Joe guy, “I told you… You gotta do your own research, and you did your research and I did my research and I know my business and you know your business†which is essentially like a way of ceding defeat and admitting that you were wrong.
Very interesting, I’m like one of the biggest NASSIM TALEB Fan boys of all time, and still am. Like four years ago or five years ago, he actually wrote a medium article on how he believed in bitcoin, and actually he even wrote the introduction preface to the bitcoin standard, who was written by another fellow Lebanese American economist and writer.
However, the moment in which I put in the beeswax of Odysseus was when apparently Taleb had a change of heart, and then he became like on a crusade to be super super anti-bitcoin, and making fun of bitcoiners. He also apparently wrote this bitcoin essay on how it was kind of not good, and when I saw it I immediately just shut my eyes, and went off the grid. And instead spending more time at the gym, just lifting weights, not thinking about bitcoin and the whole crypto economy, and just enjoying my lifting.
Also, you know that I am super legit because when the whole FTX meltdown happened, I didn’t even know.  for about 4 to 5 years, I try to shut my ears to bitcoin prices and not think about it, until people would accidentally tell me even against my own will. Or Cindy or my brother-in-law telling me that bitcoin is way down, I never lost hope, I just had to stay focused.
Kind of weird and amazing, for me the really really big deal was when I first saw bitcoin hitting $88,000 a bitcoin, which was like a lot, because my mind was still pegged at bitcoin at being like an average 65,000 a bitcoin or 62,000 a bitcoin, or even 59,000 of bitcoin.
And then the magic happen, I’m miraculously just looked at the prices by chance, randomly on my iPhone, and I saw that it hit about 91,000, then about 93,000 of bitcoin? Then going on Twitter and seeing that Michael Saylor is already planning the $100k party.
I think that’s very interesting to me is that actually the whole crypto economy is pegged to the bitcoin. Even loser Ethereum and everything after it.
What is Ethereum? It is like a fake diamond a cubic zirconia, it looks shiny and pretty from the outside but in the inside it is just plastic.
People talk about how you could like create nonfungible tokens, cyber artwork, and you could program on Ethereum… But you fools don’t you know you could do the same exactly on bitcoin? And bitcoin is like at least 1000 X more powerful robust and super superior?
I almost feel like this is against the early days of android versus iPhone. I really really feel like there’s almost 0 reasons to own an android of Google pixel a Samsung phone anymore. Even Google Gemini which came out kind of is lame.
And also the big thing… The sales people at Google they all own iPhone pros.
Don’t ask people what you should do, just see what they personally own.
So now that I am like 10% invested in micro strategy, about 90% of my wealth in bitcoin, I actually get super super excited when it is 6:30 AM, the best time of the day. I enjoy looking at the market activity of micro strategy, how it is like essentially like nuclear power and physics insanely volatile, insanely high power, radioactive!
I actually remember as a kid, learning all about nuclear power, and how it was a very good thing, like essentially the magical thing that would change everything, that would essentially make energy and power practically free. I still believe this way.
I think the hard thing about nuclear power is that like anything in life, high volatility and massive upside, you just gotta be careful. Assuming you take all the smart MIT nuclear physicist to build these nuclear pants, somewhere maybe in the desert, and you do it safely, the Asymmetric payoff;
You have 1000 to one benefit ratio.
Once again nuclear waste and the potential for another Fukushima is possible, but also do you suddenly turn everyone to a buggy wagon and horse because people die in car accidents? 
Also, do you ban people from owning iPhones because there are so many debts related to texting while driving?
Or do you ban people from using electricity because there are some people who either use it as a weapon, how you could kill people with the electric chair, etc.?
I think this is also the tricky thing with guns; obviously there are all these crazy mass murderers with guns, and these fucking asshole pussies who bring it to a wedding, leave it in a book bag unattended in the guest room closet, to only have a crazy alcoholic woman stealing people’s wallets and shit, miraculously finding the gun, and then putting it on top of your kids car seat. I am not joking this is a real story which happened to me.
There are people who live in the wilderness, who actually may be hunt a game to feed their families. I respect that. What I personally hate all these skinny fat losers with beards, these small dick midgets who accumulate guns and ammunition to act tough? To me this is worse than insane, it is only a thing that a man without a penis would do. And no balls. A bunch of Ken dolls without genitalia.
Another big thing to consider, the time cost to capital. The general idea is that to build things actually just takes a lot of time, human effort, meetings, friction, working through things.
Time is the ultimate acid that we got, something which is not really really recoverable.
Like assume that you have a maximum human lifespan of 120 years, at best. However, impossible to know whether you’ll make it. I would say maybe more conservatively, we should think of like 90 years, that is like the new 80.
So if you knew with 100% precision that you would die at 90 or 92 or whatever, hopefully still with your six pack, then, how would you approach life differently?
First, my personal thought is there should really not be a profit motive. Why? With profit motives, profit is fine, but the issue is that the easiest way to make profit and make money is super simple; just buy bitcoin! If you want to make US dollar gains, then you just purchase micro strategy stock!
So then, the next step is just like kind of more like altruism; assume that you’re like worth $100 billion of bitcoin and you could afford anything on the planet, but the better question is do you really want do you really care? Is this going to create some sort of substantive impact on the planet which is something that you desire?
So the reason why I have such a strong predilection towards Bitcoin is that I feel like I have a strong moral an ethical imperative behind it.
So I am all about open source, this has generally been my guiding principle for the last 15 years, maybe even 20 years of my life. The general idea was very very simple;
Information should be free!
Obviously I get it; there are certain people who create stuff we need to get paid and pay rent, I get it! But if you’re like somebody liked Tim Ferriss, or even Joe Rogan, and you’re already super rich… Why do you need advertisements? Why do you need more money?
I have no issues with greed wanting more money etc. It is all good. But maybe the more interesting question on my mind is what are your personal guiding principles in your personal imperative which drive you? Like, why do you care why do you do it?
So for me… The whole route of my open source philosophy was that I grew up super poor without access to nothing, and I want to treat others like how I would like to be treated. I want to be able to empower the other scrappy 19-year-old kid, like my friend Dylan Fan, to become something great, just giving them access to information education etc.
This is also where I’m kind of interested in doing more like these free open source online Zoom Bitcoin workshops on Zoom and other stuff. I don’t want people to have any barriers to access information or knowledge, which could really benefit themselves. 
Because honestly at this point, I’m making dumb money, even I’m flabbergasted. Cindy is too. And so is my mom.
“I’m shocked too!†– JAY Z
I think you know you’re onto something good is even if you shock yourself, even if you believe in something and you succeeded, and you are made correct, you are rectified, but still… it still shocks you?
So I have a vision, maybe this will be big news: I’m going to sell my old film Leica MP, and my Leica 35 mm F2 ASPH lens to the highest bidder. I will only accept bitcoin.
If you wanna put in a bid, own a piece of photography history, email me at eric@erickim.com with your offer. I will sell this to the highest bidder.
Also I will make a pledge; the second after we confirm details, and we lock in the  details whatever, I will guarantee I’ll give you the best value of your bitcoin for my set up, assuming that even marked prices fluctuate a bit. In short I’ll be more generous to you.
Also, I think the fun thing is that it will be the first time I do a really big transfer just using bitcoin and bitcoin wallets– like a real pure to prayer, P2P transfer.
Technically this was the whole vision of Satoshi; being able to transfer value and money without a trusted intermediary. Not having to do it through loser PayPal, or loser bank, we’re having to deal with loser SWIFT code bank transaction wire stuff. 
Like doesn’t this make super sense,  that you would actually… If you want to sell something with a high value amount, thought you would just do it peer to peer with bitcoin, without having to deal with the messy business of some sort of third-party?
Like for example… Even a simple thing, if I owned like $1 million house I wanted to sell it directly to you, isn’t the most logical thing that I could just meet you in the flesh, shake your hand, and then immediately transfer $1 million from my bitcoin balance directly to you? Wouldn’t this make the most sense?
Or, if I owned like a $250,000 Lamborghini, that I could once again, test drive your car, tell you that I like it, shake your hand and immediately zap you like one or two bitcoins?
Or if you had a cyber truck, that I could give you like half a bitcoin for your cyber truck? Or maybe a quarter? 
The general principle is super straightforward and easy; whenever you’re about to do something say something or check something… Or pull out your phone or your iPad whatever… Don’t do it as a nervous tic, rather, pause for like a minute or two, maybe walk around a bit before you really do it?
For example, like if it’s outside of market trading hours, just delete your trading app from your phone, delete Coinbase from your phone or iPad whatever, and the goal is never ever ever check stuff if you don’t actually really really plan on taking action.
For example if it is the weekend, the evening, and the traditional markets are closed, you cannot sell stock or buy or trade or swap or accumulate something, then… Just delete all the apps from your phone and devices, and don’t bother for the weekend!
Hot take: I think in four years by the end of the Trump presidency, I will not be shocked if bitcoin hits 1 million of bitcoin, which is about 10x from here?
To keep the math simple; I’m just going to assume that bitcoin is like $100,000 of bitcoin right now. So $100,000-$1 million is a 10x gain.
So do the simple math, if you sell your assets right now which are not really rapidly accumulating in value, then, the best way to think about it is that you have to have a strong end up for your timeline. It is currently the year 2024, I think Trump takes presidency 2025, so then the projection should be 2029, Four years from now… Seneca will only be eight years old? Is that like the second grade? And then on top of that it will be another 10 years until he goes to college or just starts his own bitcoin based company or thing.
Making predictions four years from now is pretty simple. I am very very certain that miracle will accumulate some amount of bitcoins to back strategic bitcoin treasury reserve assets, I think of it like the new bitcoin Fort Knox; my personal thought is that America will decouple herself from the gold standard, and then latch on and hyper charge herself with bitcoin.
The reason why this becomes such a fascinating idea is that then, the US dollar will actually appreciate and value because it is actually backed by something which is real, bitcoin.
I recently watched a presentation by Michael Saylor, titled the red wave, and it is really really fascinating; now that the red Republicans have taken over the whole government, this is like 1000 X good news for us bitcoin holders as well as micro strategy share owners.
Why is it meant to be such a glorious future for us?
First, the crypto Renaissance. Now that Elon Musk is going to be the new doge chair, which is hilarious, you’ll see a boom in the whole cryptocurrency industry, a new resurgence. And as a consequence, you’re going to see like 1 trillion new crypto based companies having a virtual IPO– even Scottie Pippen is doing interesting with the famous 1991 basketball that he has held for 33 years, and he is like sharing ownership in it or something? $BALL
ANYWAYS, THIS IS ALMOST LIKE THE NEW DIGITAL GOLD WAVE; the new digital gold rush.
Even now, you’re already seen smart rich old families buy best from gold and pour that money into bitcoin instead. You are starting to see the black rock gold ETF becoming consolidated, and having those asset reserves pour into bitcoin the bitcoin spot ETF Ibit by Black rock.
Even watch CNBC news, the squawk box, which is the real financial news. You know it is a big deal when you have all these really really famous investors, admitting that they were actually wrong about bitcoin, although saying it in like a sideways, orthogonal way.
Even this really famous investor in Tesla admitted to the Joe guy, “I told you… You gotta do your own research, and you did your research and I did my research and I know my business and you know your business†which is essentially like a way of ceding defeat and admitting that you were wrong.
Very interesting, I’m like one of the biggest NASSIM TALEB Fan boys of all time, and still am. Like four years ago or five years ago, he actually wrote a medium article on how he believed in bitcoin, and actually he even wrote the introduction preface to the bitcoin standard, who was written by another fellow Lebanese American economist and writer.
However, the moment in which I put in the beeswax of Odysseus was when apparently Taleb had a change of heart, and then he became like on a crusade to be super super anti-bitcoin, and making fun of bitcoiners. He also apparently wrote this bitcoin essay on how it was kind of not good, and when I saw it I immediately just shut my eyes, and went off the grid. And instead spending more time at the gym, just lifting weights, not thinking about bitcoin and the whole crypto economy, and just enjoying my lifting.
Also, you know that I am super legit because when the whole FTX meltdown happened, I didn’t even know.  for about 4 to 5 years, I try to shut my ears to bitcoin prices and not think about it, until people would accidentally tell me even against my own will. Or Cindy or my brother-in-law telling me that bitcoin is way down, I never lost hope, I just had to stay focused.
Kind of weird and amazing, for me the really really big deal was when I first saw bitcoin hitting $88,000 a bitcoin, which was like a lot, because my mind was still pegged at bitcoin at being like an average 65,000 a bitcoin or 62,000 a bitcoin, or even 59,000 of bitcoin.
And then the magic happen, I’m miraculously just looked at the prices by chance, randomly on my iPhone, and I saw that it hit about 91,000, then about 93,000 of bitcoin? Then going on Twitter and seeing that Michael Saylor is already planning the $100k party.
I think that’s very interesting to me is that actually the whole crypto economy is pegged to the bitcoin. Even loser Ethereum and everything after it.
What is Ethereum? It is like a fake diamond a cubic zirconia, it looks shiny and pretty from the outside but in the inside it is just plastic.
People talk about how you could like create nonfungible tokens, cyber artwork, and you could program on Ethereum… But you fools don’t you know you could do the same exactly on bitcoin? And bitcoin is like at least 1000 X more powerful robust and super superior?
I almost feel like this is against the early days of android versus iPhone. I really really feel like there’s almost 0 reasons to own an android of Google pixel a Samsung phone anymore. Even Google Gemini which came out kind of is lame.
And also the big thing… The sales people at Google they all own iPhone pros.
Don’t ask people what you should do, just see what they personally own.
So now that I am like 10% invested in micro strategy, about 90% of my wealth in bitcoin, I actually get super super excited when it is 6:30 AM, the best time of the day. I enjoy looking at the market activity of micro strategy, how it is like essentially like nuclear power and physics insanely volatile, insanely high power, radioactive!
I actually remember as a kid, learning all about nuclear power, and how it was a very good thing, like essentially the magical thing that would change everything, that would essentially make energy and power practically free. I still believe this way.
I think the hard thing about nuclear power is that like anything in life, high volatility and massive upside, you just gotta be careful. Assuming you take all the smart MIT nuclear physicist to build these nuclear pants, somewhere maybe in the desert, and you do it safely, the Asymmetric payoff;
You have 1000 to one benefit ratio.
Once again nuclear waste and the potential for another Fukushima is possible, but also do you suddenly turn everyone to a buggy wagon and horse because people die in car accidents? 
Also, do you ban people from owning iPhones because there are so many debts related to texting while driving?
Or do you ban people from using electricity because there are some people who either use it as a weapon, how you could kill people with the electric chair, etc.?
I think this is also the tricky thing with guns; obviously there are all these crazy mass murderers with guns, and these fucking asshole pussies who bring it to a wedding, leave it in a book bag unattended in the guest room closet, to only have a crazy alcoholic woman stealing people’s wallets and shit, miraculously finding the gun, and then putting it on top of your kids car seat. I am not joking this is a real story which happened to me.
There are people who live in the wilderness, who actually may be hunt a game to feed their families. I respect that. What I personally hate all these skinny fat losers with beards, these small dick midgets who accumulate guns and ammunition to act tough? To me this is worse than insane, it is only a thing that a man without a penis would do. And no balls. A bunch of Ken dolls without genitalia.
Another big thing to consider, the time cost to capital. The general idea is that to build things actually just takes a lot of time, human effort, meetings, friction, working through things.
Time is the ultimate acid that we got, something which is not really really recoverable.
Like assume that you have a maximum human lifespan of 120 years, at best. However, impossible to know whether you’ll make it. I would say maybe more conservatively, we should think of like 90 years, that is like the new 80.
So if you knew with 100% precision that you would die at 90 or 92 or whatever, hopefully still with your six pack, then, how would you approach life differently?
First, my personal thought is there should really not be a profit motive. Why? With profit motives, profit is fine, but the issue is that the easiest way to make profit and make money is super simple; just buy bitcoin! If you want to make US dollar gains, then you just purchase micro strategy stock!
So then, the next step is just like kind of more like altruism; assume that you’re like worth $100 billion of bitcoin and you could afford anything on the planet, but the better question is do you really want do you really care? Is this going to create some sort of substantive impact on the planet which is something that you desire?
Another big thing to consider, the time cost to capital. The general idea is that to build things actually just takes a lot of time, human effort, meetings, friction, working through things.
Time is the ultimate acid that we got, something which is not really really recoverable.
Like assume that you have a maximum human lifespan of 120 years, at best. However, impossible to know whether you’ll make it. I would say maybe more conservatively, we should think of like 90 years, that is like the new 80.
So if you knew with 100% precision that you would die at 90 or 92 or whatever, hopefully still with your six pack, then, how would you approach life differently?
First, my personal thought is there should really not be a profit motive. Why? With profit motives, profit is fine, but the issue is that the easiest way to make profit and make money is super simple; just buy bitcoin! If you want to make US dollar gains, then you just purchase micro strategy stock!
So then, the next step is just like kind of more like altruism; assume that you’re like worth $100 billion of bitcoin and you could afford anything on the planet, but the better question is do you really want do you really care? Is this going to create some sort of substantive impact on the planet which is something that you desire?
