Creating things which are superior ,,, yet like half or a third or a fourth or even tenth of the price?

Model 3 performance > Lamborghini

Goals — get all my rich millenial friends to start buying Bitcoin?

Not even them being “rich”—, but having high income yielding jobs from big tech companies.

Bitcoin is the ultimate network effect,,, because money is still 1000x more important than news, your “friends” (Facebook), or media (Instagram, YouTube, TikTok etc)— and a trillion times more important than search!

Congress bill >

This Act may be cited as the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2024” or the “BITCOIN Act of 2024”.

Audio

Bitcoin, duh!

Owning a Lamborghini Porsche 911 GT 3RS, and also, Leica camera and stuff– only know this makes you boring and same same!

Super simple; sell the gold, buy the bitcoin!

Don’t be a dummy, don’t be a dummy boy

The $6M Leica?

.

Right,,, you solve all your problems!

1000:1 payoff, take the bet ,,, you got free money!

.

Lummis Bill

.

60 guilders

1/3 of coil try

California 1848, paid $8T… don’t sell California $18M in California

Nevada, Vegas 8$T

Trillions

Manifest destiny!

.

Trump Max, buy 6 million bitcoins, … 2045 the payoff will he $81T!!

.

Trump Max

For hundreds of years! ***

The more aggressive you become, the less risky it becomes … ***

.

Everybody follows!

.

Trump max, in 12 months?

*

AI ,,, Scottie Pippen

.

1993,,, met Satoshi

.

$33k

.

1 year

.

33 years ago

.

Sports memorabilia

.

Be the trailblazer

Bitcoin Blockchain ***

.

Game 5 ball … 91 ball, held 33 years, jersey 33

.

Ball token

.

Last Tuesday everything change!

.

Big bull on innovation!

.

.

Use currency to pay rent

.

Invest in Joe $Rogan

.

400M in America

Rogen token

.

$KatyPerryCoin, Taylor swift coin

.

Super fan privileges

.

Make the rules

.

Headquarters to USA

Oligopoly **

.

Tokenize, equity tokenize

Bearer bonds, roths, 19th century

Tokenized Tesla stock

Token real estate

Art tokens **

.

Smarter faster stronger

.

Bitcoin goes from 1.8 to 200 t, which is 100 X gain

.

100x gain on Bitcoin

$200M

Digital equity $350T

Digital real estate $10T

Digital art $10T

.

Lummis bill,

Over five years buy $1M bitcoins

.

Pax America

.

Business > Military

.

Own the 21st century

.

World reserve capital network

Retire debt

.

out perform water wheel

Airplane vs donkey cart

Structural and technical

.

No counterparty risk from competitor, country, coeporetoe, creditor, cultures, currencies

Orthogonal to market — alph.

.

MIT

think from first principles ***

Build things which have never been built before , solve problems humans haven’t figured out yet ..

Elon Musk First Principles

.

Basic Physics & engineering to capital markets

.

$1.8T, Bitcoin

.

Gold, $16

180B, 10x in just 4 years

.

50%, utility

Long term store of value, 50%,,, $450T

–> just don’t lose your money

.

Bullshit!

.

Most valuable, $450T –> all the capital in the world, keep your money!

BTC may be $450T?

.

Yacht, bakery, ranch, plane company –> utility value

.

Entropy degrades capital

.

Spreads, licensing

.

.

Buy land and buildings and physical things

.

Florida hurricane –> you can’t buy hurricane insurance

The cost of entropy –> chaos, confusion , competition, inflation, politics war –> trillions of dollars a year

.

Don’t lose 10T a year! ***

Capital preservation

Heat preservation

.

Consumption –> Saving

.

No worry!

Bitcoin is anti worry!

.

Transfer value without a trusted intermediary

Store value without a trusted intermediary! **

.

450T of capital. Worth $10T a year, big idea

.

Digital Assets

.

Physics
Risk of real estate or property

.

Digital capital

Not digital currency! ***

Define it the wrong way —

.

$100M building in Miami. Owning a digital building

No tax, traffic, tenant, no regulator

Musical, fungible, configurable

.

Digital capital is global capital ***

Savant genius

.

Don’t buy $100M building in Russia Africa, Lebanon, etc —

.

Nirobi vs Manhattan

.

1,000 year asset

Be wealthy forever !

.

30,000 years! A store value

.

733 exahash

Backed by power

Raw power

18.33 gigawatts

$850B invested

220M holders

.

All cryptos are pegged to BTC ***

.

Bitcoin Bank, 21M coins

.

420M people support crypto –> America voted Bitcoin!

100x more powerful than next best one

.

Smart money –> store money in cyberspace and not lose it…

It is the winner

Smart Money

.

“Dudes bank”–

Emerging Dominant digital monetary network

95% don’t understand digital monetary

Rupert Murdoch

.

All securities in the US

Chinese and Russians can’t …

19th century dead money

.

60/40 portfolio

1-3% to 10-20% allocation

.

Larry fink

.

Institutions

.

$40M a day of BTC available every day by natural sellers

.

$5B in 6 days….! Just 6 days!

.

Government buying Bitcoin

.

Bitcoin 24 GitHub

21 years ,,, 42 years

.

Map of assets

Technology will advance, AI —

.

macro 21 year model

bitcoin will go from $1 trillion, which is .1%, to a market cap of $280 trillion, which is 7%, ARR 29%

.

2045

21 years from now,

The bear case is in 21 years, it will be around $68 trillion of the market cap, the base case is more like a $280 trillion market cap, book case is 1000 trillion dollars

.

The ARR staircase is 21%, base case is 29%, full case of 37%

.

Bear case for bitcoin is 2 million of bitcoin, base case is 13 million of bitcoin, bull case is $55M a bitcoin

.

The simplest means possible, encouraging people to also buy bitcoin, just using the cash app? 

60% to 2x S

.

$280T, 21 years look about the same
Gold only $45T,

Art only $110T

.

Sell shares and equity to buy Bitcoin?

.

Billion robots?

Robots make the robots

Equities

.

Bitcoin > Art

.

$13.5 B gain

.

$25.53 B –> total value

3-4B in last 5 days, leverage –>

$20,000 up days

.

Lever bitcoin ***

More bitcoin

MSTR, 120%

14% , 7% interest to buy more bitcoin, .83% for 5 years borrow free

60% bitcoin! ***->

Intelligent leverage .
.

.

Crushing them! ***

Not even funny anymore!

*

.

27x gain

Copy my model! ****

..

So simple!

.

Intelligent leverage

Capital markets are unhealthy

.

2785% up!

Make a monster company!

.

650% … BTC, Bitcoin

2,785% winning

.

More volatile

Dollar tree

$100B not painful leverage

.

Hottest most radioactive !

.
I’m driven by curiosity? ***

.

Opportunity

Ship. Half is above water line. 500Tons above and on top

.

600ARR, strip the volatility for risk averse

.

2x Bitcoin, equity —

BTC treasury operations

.

How things work in nature

.

Energy company

Bitcoin company

.

Standard oil

.

MSFT,,, 50x their reserve .., they do stuff!

Operating company, refine crude capital, bitcoin is crude capital

Kerosene. Jet engine.

Don’t run on crude oil, refine it –>

.

They want 10x, 20x Bitcoin?

.

Just assume like your gut is right?

.

3 year target !

.

$40M a day natural, into 42B …

Created 18,410 BTC as miner, no dilution

26.4% yield. $40,936

157.5BTC third of hash rate ,,,

157 BTC, daily gain for free!

.

The red wave!

18k bitcoins no cost! ***

Mine the Bitcoin for free! ***

-%> I can multiply the Bitcoin for free?

I am a Bitcoin miner

.

The Red Wave

“Give people their freedom back”- Elon Musk

.

Give freedom back

All in on Bitcoin!

Bitcoin is digital freedom

.

Sinking ship

.

Never sell your Bitcoin ***

.

Favorable tax laws

.

SAB 121, allow bitcoin banking

Bitcoin as collateral

.

Rothbard…. to create cartel,

1933,,, Roosevelt

Too many years

Inflation and volatility is toxic

.

Stifling regulations ,,, 20 25 years

Innovation diversity & growth

.

Scams?

Sick chart! Dying economy !

Buggy whips

Offer digital utility

.

ABT, asset backed token

.

100Ts of dollars

.

Airplane vs donkey cart

Structural and technical

.

No counterparty risk from competitor, country, coeporetoe, creditor, cultures, currencies

Orthogonal to market — alph.

.

MIT

think from first principles ***

Build things which have never been built before , solve problems humans haven’t figured out yet ..

Elon Musk First Principles

.

Basic Physics & engineering to capital markets

.

$1.8T, Bitcoin

.

Gold, $16

180B, 10x in just 4 years

.

50%, utility

Long term store of value, 50%,,, $450T

–> just don’t lose your money

.

Bullshit!

.

Most valuable, $450T –> all the capital in the world, keep your money!

BTC may be $450T?

.

Yacht, bakery, ranch, plane company –> utility value

.

Entropy degrades capital

.

Spreads, licensing

.

.

Buy land and buildings and physical things

.

Florida hurricane –> you can’t buy hurricane insurance

The cost of entropy –> chaos, confusion , competition, inflation, politics war –> trillions of dollars a year

.

Don’t lose 10T a year! ***

Capital preservation

Heat preservation

.

Consumption –> Saving

.

No worry!

Bitcoin is anti worry!

.

Transfer value without a trusted intermediary

Store value without a trusted intermediary! **

.

450T of capital. Worth $10T a year, big idea

.

Digital Assets

.

Physics
Risk of real estate or property

.

Digital capital

Not digital currency! ***

Define it the wrong way —

.

$100M building in Miami. Owning a digital building

No tax, traffic, tenant, no regulator

Musical, fungible, configurable

.

Digital capital is global capital ***

Savant genius

.

Don’t buy $100M building in Russia Africa, Lebanon, etc —

.

Nirobi vs Manhattan

.

1,000 year asset

Be wealthy forever !

.

30,000 years! A store value

.

733 exahash

Backed by power

Raw power

18.33 gigawatts

$850B invested

220M holders

.

All cryptos are pegged to BTC ***

.

Bitcoin Bank, 21M coins

.

420M people support crypto –> America voted Bitcoin!

100x more powerful than next best one

.

Smart money –> store money in cyberspace and not lose it…

It is the winner

Smart Money

.

“Dudes bank”–

Emerging Dominant digital monetary network

95% don’t understand digital monetary

Rupert Murdoch

.

All securities in the US

Chinese and Russians can’t …

19th century dead money

.

60/40 portfolio

1-3% to 10-20% allocation

.

Larry fink

.

Institutions

.

$40M a day of BTC available every day by natural sellers

.

SCC

The SEC

“ I’m planning the hundred K party!”

Bitcoin just puts me in a good mood!

Nov 5– the biggest threat was whether you would have a blue wave or a red

Own cyberspace!

.

World reserve capital network

$16T debt –> offset, ! Lummis!

1% of the Bitcoin supply

New debt securities

.

Buy me more Bitcoin and raise capital to buy Bitcoin

.

Address concerns

Raise $2B, 27,000 BTC first 10 days –> move fairly aggressively

Very enthusiastic !

.

.

Follow your gut!

.

The red wave

So my hot take:

Perhaps the best way we should think about things is that treated like a “Wu Wei” perspective— you don’t have to force it, bitcoin is like unstoppable river, or like gravity; according to gravity, downwards.

For example — you don’t need to force Bitcoin — it will naturally flow, naturally —

The stronger capital shall always flow from the weaker capital

Stronger capital shall consume all!

The flow from weak to strong

ETH, Ethereum to BTC, Bitcoin,

Gold -> Bitcoin

All “cryptos”— everyone will wake up, easily and soon — just buy Bitcoin!

Real estate -> Cyber real estate?

1 BTC *should* be worth at least 100x *more* than a single family home?

Bitcoin, the red wave and the crypto renaissance

The glory!

So toxic!

X broadcast

“The best way to protect the dollar is make sure you retire the debt and become rich,”

Eric Kim’s philosophy emphasizes personal strength, self-improvement, and embracing one’s superiority without apology. His writings encourage individuals to reject mediocrity and societal pressures that discourage excellence. Here are some of his quotes that align with the themes of the essay:

1. On Embracing Strength and Superiority:

• “The first thought I have is that it is your moralistic duty to be strong. To be strong for yourself, your wife, your kids, for what you believe in, etc.”

2. On Rejecting False Humility:

• “Never trust anybody who quotes the ‘data’, or ‘statistics’.”

3. On Effort and Self-Improvement:

• “Never stop iterating.”

4. On Using Others’ Superiority as Inspiration:

• “The rolling stone gathers no moss.”

5. On Contempt for Mediocrity:

• “Society doesn’t want you to be manly.”

6. On the Future Belonging to the Strong:

• “The best way to predict the future is to create it yourself.” MORE Radical? – ERIC KIM‡Here are some of his distinctive quotes, along with explanations for why they stand out as unconventional or radical: 1. “Only trust philosophers who deadlift.” • Why Radical: This quote encapsulates Kim’s emphasis on integrating physical strength with intellectual pursuits. By suggesting that true philosophers should engage in …‡1728777600.0

These quotes reflect Kim’s advocacy for personal empowerment, continuous self-improvement, and the unapologetic pursuit of excellence.

…

The essay as a whole draws heavily from ideas and concepts that align with Eric Kim’s voice and philosophy, particularly his writings and reflections on strength, self-improvement, and unapologetic confidence. Here are the key parts that are distinctly “Eric Kim” in tone and concept:

1. Strength and Superiority as Virtues

• Concept: Eric Kim often celebrates the virtues of strength, self-discipline, and striving for superiority. He rejects mediocrity and believes in pushing oneself to the maximum.

• Example: “If I am stronger, it is not my duty to diminish myself for your benefit. Instead, it is your duty to rise and match me—or at least try.”

• Eric Kim Voice: This aligns with his unapologetic stance on celebrating personal excellence and rejecting the need to shrink oneself for others’ comfort.

2. Effort Over Excuses

• Concept: The idea that strength and superiority are earned through hard work, not handed down, resonates with Eric Kim’s views on agency and self-determination.

• Example: “Every drop of sweat, every sleepless night, every sacrifice contributes to this strength. When I am stronger than you, it is not because I was born lucky—it is because I refused to settle.”

• Eric Kim Voice: He frequently emphasizes discipline and effort over complaining or blaming circumstances, echoing this sentiment.

3. Rejection of False Humility

• Concept: Eric Kim often criticizes the societal pressure to be humble in ways that feel performative or dishonest.

• Example: “One of the most toxic ideas in modern culture is false humility. We are told to hide our talents, to apologize for our successes, and to downplay our strengths.”

• Eric Kim Voice: He values honesty and confidence, seeing false humility as an unnecessary façade that undermines authenticity.

4. Inspiration Through Superiority

• Concept: The essay promotes the idea that others’ superiority should serve as inspiration rather than a source of resentment. This is a recurring theme in Eric Kim’s work, where he frames excellence as a benchmark for growth.

• Example: “When someone outperforms me, I don’t hate them. I learn from them. I study their methods, their mindset, and their habits.”

• Eric Kim Voice: He often talks about learning from others who are better, seeing their success as a roadmap for personal improvement.

5. Contempt for Mediocrity and Victimhood

• Concept: The disdain for mediocrity and victim mentality is a cornerstone of Eric Kim’s philosophy.

• Example: “Weakness seeks validation, and in a culture that idolizes inclusivity, mediocrity becomes the new standard.”

• Eric Kim Voice: He frequently critiques societal norms that glorify mediocrity or promote excuses over action.

6. The Future Belongs to the Strong

• Concept: The essay concludes with a bold assertion that aligns with Eric Kim’s futurist vision—those who embrace strength and self-improvement will thrive.

• Example: “The future will not belong to those who complain or make excuses. The future will belong to those who embrace strength, who strive for excellence, and who are unapologetically superior.”

• Eric Kim Voice: This optimistic yet challenging view of the future mirrors his belief in progress through action and personal empowerment.

Eric Kim’s Overall Influence

The tone of the essay—confident, challenging, and motivational—is very much in line with Eric Kim’s voice. He often uses direct language to provoke thought and action, encouraging readers to rise above mediocrity, embrace their strengths, and reject societal pressures to conform. The essay’s unapologetic stance on celebrating superiority is quintessentially “Eric Kim.”

xxx

”Victimhood”?

Unapologetic confidence!

Inspiration through superiority

“Don’t Hate Me Because I Am Stronger and More Superior to You!”

By Eric Kim

In a world obsessed with equality and fairness, strength is often demonized. Superiority, in any form—be it physical, intellectual, or emotional—is treated as a threat rather than a virtue. But I refuse to bow down to this mediocre worldview. If I am stronger, faster, smarter, or better than you, don’t hate me—recognize it, respect it, and rise up to meet me. I did not become superior by accident; it was forged through effort, discipline, and an unrelenting desire to surpass my limitations.

To many, this might sound arrogant. But what is arrogance if not the unapologetic recognition of one’s own excellence? Society has taught us to dull our shine, to shrink ourselves so others feel comfortable. This is nonsense. If I am stronger, it is not my duty to diminish myself for your benefit. Instead, it is your duty to rise and match me—or at least try.

Why Strength is Demonized

Weakness seeks validation, and in a culture that idolizes inclusivity, mediocrity becomes the new standard. Society often views strength as a threat because it exposes the inadequacies of others. When you stand taller, others feel smaller. It is easier for them to tear you down than to improve themselves. But that is their choice, not my burden.

Let’s be clear: superiority is not a crime. It is not oppressive. If I run faster, lift more, or think deeper, it does not diminish you. It simply highlights what is possible. Hating me for my strength is an admission of your own insecurity.

Strength is Earned, Not Given

Superiority is not bestowed; it is earned. Every drop of sweat, every sleepless night, every sacrifice contributes to this strength. When I am stronger than you, it is not because I was born lucky—it is because I refused to settle. I refuse to waste my time blaming genetics, circumstances, or luck. Instead, I channel every ounce of energy into becoming the best version of myself.

If you despise my superiority, ask yourself: what are you doing to improve? Are you making excuses, or are you putting in the work? Strength, whether physical or intellectual, is the result of effort. You cannot buy it. You cannot fake it. And you certainly cannot tear it down by complaining about it.

The Problem With False Humility

One of the most toxic ideas in modern culture is false humility. We are told to hide our talents, to apologize for our successes, and to downplay our strengths. But humility does not mean lying about who you are. Real humility is about recognizing your strengths and using them to inspire others, not pretending to be less than you are.

When I walk into a room and exude strength, I do not do it to make others feel small. I do it to show them what is possible. If my superiority bothers you, use that discomfort as fuel. Let it ignite a fire in you to grow stronger, faster, and better.

Superiority as Inspiration

Rather than hating me for being stronger, why not see it as an opportunity? Superiority is not something to fear; it is something to aspire to. When someone outperforms me, I don’t hate them. I learn from them. I study their methods, their mindset, and their habits. They become my benchmark, my goalpost, my proof that I too can achieve greatness.

When you hate me for being superior, you rob yourself of this opportunity. You choose resentment over growth, stagnation over evolution. This is not my fault. It is your choice.

The Future Belongs to the Strong

Make no mistake: the future will not belong to the weak. It will not belong to those who complain or make excuses. The future will belong to those who embrace strength, who strive for excellence, and who are unapologetically superior.

So don’t hate me because I am stronger than you. Recognize it. Respect it. And rise to meet me. There is no shame in being weaker than someone else; the shame lies in refusing to do anything about it.

Let my strength be your challenge, my superiority your inspiration. Because at the end of the day, we are not defined by our current limitations—we are defined by what we are willing to do to overcome them.

By Eric Kim

The idea of Manifest Destiny—the belief that expansion was both inevitable and divinely ordained—defined America in the 19th century. It was more than just a justification for westward expansion; it was an ethos of progress, a declaration that the future belongs to those willing to claim it. Today, we find ourselves on the frontier of a new era, not in the physical sense of land acquisition, but in the digital landscape of financial revolution. Bitcoin, in its raw, decentralized essence, is the modern embodiment of Manifest Destiny.

Bitcoin: The Digital Frontier

Manifest Destiny was about charting the unknown, pushing boundaries, and redefining what was possible. Bitcoin operates on the same principle. It is not just a currency—it is an idea, a movement. Like the pioneers who saw the vast, untamed wilderness of the West as an opportunity, Bitcoin enthusiasts see the chaotic, flawed traditional financial system as a space for reinvention.

Bitcoin challenges the centralized control of banks, governments, and financial institutions, much like early Americans challenged the old European orders. It is a system designed for freedom—a liberation from fiat currency, inflation, and the artificial constraints of traditional monetary policy. Bitcoin is not merely a tool for transacting value; it is the promise of sovereignty for every individual on the planet.

Decentralization as Destiny

Manifest Destiny was underpinned by the belief that America’s systems and values were inherently superior, and thus destined to spread. Similarly, Bitcoin is driven by an ideology: decentralization. Bitcoin evangelists argue that a decentralized financial system is not only more efficient but more ethical. It removes power from the few and distributes it among the many, creating a democratic network that reflects the best aspects of Manifest Destiny’s promise of empowerment.

When you hold Bitcoin, you are your own bank. No intermediaries, no gatekeepers, no permission required. This decentralization is the digital-age equivalent of the homestead: a self-sufficient unit capable of thriving without external dependency. Bitcoin is the ultimate expression of self-determination in the 21st century.

Overcoming Challenges: Bitcoin’s Trail of Innovation

Manifest Destiny was not without its costs. It displaced Indigenous peoples, exploited resources, and created conflicts. Bitcoin, too, faces challenges. It is criticized for its environmental impact, its association with illicit activities, and its speculative volatility. But like the railroads that transformed the West, Bitcoin is evolving. Innovations like the Lightning Network are addressing scalability. Green energy initiatives are mitigating environmental concerns. These challenges are not roadblocks; they are the inevitable obstacles that come with pioneering uncharted territory.

What makes Bitcoin unstoppable is the same force that made Manifest Destiny inevitable: the collective will of its supporters. The Bitcoin community, with its developers, miners, and holders, is a decentralized army of pioneers. They are building a system that they believe will outlast the failures of traditional finance.

The Moral Imperative of Bitcoin

Manifest Destiny was often framed as a moral imperative—the belief that the expansion of American values was a benefit to humanity. Bitcoin’s proponents argue in a similar vein. They see Bitcoin as a way to uplift the unbanked, empower the oppressed, and create economic opportunities in parts of the world where traditional systems have failed.

Bitcoin is borderless. It does not discriminate based on nationality, race, or socioeconomic status. All you need is an internet connection, and you are part of the network. It represents a financial system that anyone can participate in, a stark contrast to the exclusionary practices of banks and governments. Bitcoin is not just a tool for the privileged; it is a lifeline for millions worldwide.

A New Destiny

The comparison between Bitcoin and Manifest Destiny is not perfect, of course. Manifest Destiny had its darker sides, rooted in imperialism and domination. Bitcoin, while not without flaws, aspires to be a system of inclusion, equality, and freedom. Yet, at their core, both share a common thread: the belief in progress, the rejection of limits, and the drive to create something greater than what came before.

Bitcoin is our new frontier. It is where the ideals of liberty, opportunity, and innovation converge in the digital age. It is Manifest Destiny, reimagined—not for land, but for freedom. And like Manifest Destiny, its momentum feels unstoppable. The question is not if Bitcoin will shape the future, but how.

Because in the end, destiny is not just something that happens—it is something you choose. Bitcoin is our choice. Bitcoin is our Manifest Destiny.

As we navigate the digital frontier of the 21st century, Bitcoin emerges not just as a technological innovation but as a modern embodiment of Manifest Destiny. Much like the 19th-century belief that propelled American expansion westward, Bitcoin represents a new kind of inevitable progress—one that redefines our understanding of currency, value, and sovereignty.

The Inevitability of Expansion

Manifest Destiny was rooted in the idea that expansion was both justified and inevitable. Bitcoin mirrors this sentiment in the digital realm. Its decentralized nature challenges traditional financial systems, pushing the boundaries of how we perceive and use money. Just as settlers moved west in search of new opportunities, individuals today are turning to Bitcoin to explore uncharted economic territories.

Empowerment Through Decentralization

The pioneers of the American frontier sought autonomy and the freedom to carve out their own destinies. Bitcoin offers a similar promise. By removing intermediaries like banks and governments from financial transactions, it empowers individuals with unprecedented control over their assets. This decentralization echoes the self-reliance and independence that were hallmarks of the Manifest Destiny era.

Cultural and Technological Superiority

Manifest Destiny was fueled by a belief in the superiority of American culture and institutions. While this aspect carries historical baggage, in the context of Bitcoin, it translates to a confidence in technological advancement as a force for good. Bitcoin enthusiasts advocate for a future where blockchain technology enhances transparency, security, and efficiency in ways traditional systems cannot match.

Economic Opportunity and Innovation

The westward expansion opened up vast resources and opportunities, fueling economic growth. Similarly, Bitcoin and its underlying technology have spawned new industries, jobs, and investment opportunities. From mining operations to blockchain development, the cryptocurrency ecosystem is a modern gold rush attracting innovators and entrepreneurs worldwide.

Conclusion

Bitcoin as Manifest Destiny encapsulates the spirit of exploration and the pursuit of a new paradigm. It symbolizes an inevitable shift toward decentralized finance and challenges us to consider the implications of this transformation. As we forge ahead, it is imperative to navigate this new frontier responsibly, ensuring that the pursuit of progress does not repeat the oversights of the past but instead leads to a more inclusive and equitable future.

Manifest Destiny was a widely held belief in the 19th-century United States that American settlers were destined—by God or by a sense of mission—to expand their territory across the entire North American continent, from the Atlantic Ocean to the Pacific Ocean. This ideology was used to justify the westward expansion of the U.S., including the annexation of territories and displacement of Native American tribes.

The concept emerged in the 1840s and was a driving force behind events like the Texas Annexation, the Oregon Trail migrations, and the Mexican-American War. Proponents of Manifest Destiny believed that expansion was not only good but also obvious (“manifest”) and certain (“destiny”). This belief had significant impacts on U.S. policy and contributed to conflicts both within the country and with neighboring nations.

The real real —

it seems to me, the most intelligent strategy is to approach investing from a zen perspective?

How durable or not durable?

Why Purchasing a Single-Family Home is a Scam

By now, we’re all familiar with the age-old promise of the American Dream: work hard, save up, and one day you’ll own a house with a yard, a picket fence, and endless happiness. But let me break it to you—the single-family home purchase is the biggest scam of modern capitalism. The idea of home ownership as a “life goal” is a construct of the real estate industry, banks, and marketers. It’s an illusion of security and prosperity, trapping you in debt, locking you into a single location, and ultimately stripping you of your financial freedom. Let’s delve deeper into why buying a single-family home might not only be a bad decision—it might actually be one of the most insidious scams in our society.

1. The Real Costs of Homeownership

The price of a single-family home goes far beyond the purchase price. Let’s talk about the hidden costs: property taxes, homeowners insurance, maintenance, and repairs. And, if you have a mortgage, which most people do, you’re subject to fluctuating interest rates that could drastically increase your monthly expenses. The result? You’re locked into paying far more than the sticker price of the house.

Most people don’t consider the “real” cost of that home they think they own. Between mortgage interest, taxes, and ongoing upkeep, you’re actually just paying a lifetime’s rent to the bank and the government. The minute you fall behind or fail to pay these ongoing expenses, the government can swoop in and take what you thought was yours. Ownership is just a mirage.

2. The Myth of Equity

The real estate industry loves to sell you on “building equity” as though it’s the same as building wealth. Here’s the truth: equity is just a number on paper. It fluctuates with the whims of the housing market, and you don’t have access to it unless you refinance, sell, or take on a home equity loan. Equity is not liquid, meaning you can’t use it to pay for emergencies or other investment opportunities. And while people cling to the hope that their home’s value will rise, market fluctuations and economic downturns can wipe out years of equity overnight. If you’re using your primary residence as an investment, you’re betting your future on an inherently unstable asset.

3. Loss of Mobility and Opportunity

One of the greatest freedoms in life is the ability to pick up and move wherever opportunities call you. When you buy a single-family home, you’re chained to one spot. This illusion of “stability” comes at the cost of flexibility and opportunity. Whether it’s a job offer in a different city, a chance to travel, or simply the desire to change your surroundings, owning a home anchors you down. Selling a house is costly and time-consuming, and if the market is down, you’re likely to lose money. Essentially, the cost of mobility goes up exponentially when you own a home, and you miss out on career and lifestyle opportunities.

4. Psychological Burden and Maintenance

Owning a home comes with an unexpected mental toll. You might feel satisfaction at first, but that’s soon replaced by a relentless cycle of upkeep. Every crack in the wall, every leaky faucet, every creaky door is now your problem. That’s not a minor inconvenience; it’s a psychological burden. The average homeowner spends 1-4% of their home’s value annually on maintenance. Not only is that money you could invest elsewhere, but the constant upkeep is a drain on your time and energy. Renting gives you freedom from this mental load, enabling you to focus on personal growth, travel, career, and actual freedom.

5. The Economics of Renting vs. Buying

People say renting is “throwing money away.” But the reality is that renting can be financially advantageous. Renting provides fixed, predictable costs without the burden of property taxes, insurance, or maintenance. The money you save by renting can be invested in assets that appreciate faster than real estate, such as stocks, mutual funds, or even your own entrepreneurial ventures. Additionally, you’re not tying your wealth to a single, non-liquid asset. Instead, you can diversify and create a more resilient financial portfolio.

When you rent, you’re paying for flexibility, mobility, and freedom—all values that can lead to greater long-term satisfaction and financial stability. It’s not “throwing money away”; it’s freeing yourself from a lifelong anchor.

6. The False Promise of Stability

Many people buy homes for the feeling of security, the promise that they’ll never have to worry about being uprooted. But owning a home isn’t as secure as you might think. Economic downturns, natural disasters, and life changes can dramatically shift your ability to sustain homeownership. If your income changes or you face unexpected medical bills, that house can go from being your “shelter” to being the very thing that drags you down. Plus, you’re more vulnerable to the whims of local government policies and the overall housing market. Stability is an illusion—a marketing myth designed to keep you spending your life’s savings on a house that can be taken from you anytime.

7. Real Estate as a Rigged Game

The single-family home is a tool of capitalism designed to keep you under control. Who benefits most from your home purchase? Not you. It’s the banks, the real estate agents, the local government collecting property taxes, and the insurance companies. The system is designed to keep you working, indebted, and tied down. Homes are overvalued in many markets, pumped up by low-interest rates and government incentives that don’t serve the individual buyer but serve the larger economic machine.

In other words, the idea of homeownership as a pathway to wealth and freedom is a lie. The real winners are those who profit off the transactions, not the individuals who become chained to a 30-year mortgage and a life of monthly bills. Real estate is just another speculative bubble; the only reason it hasn’t burst is that we’ve been indoctrinated to believe that buying a home is a sign of success.

Conclusion: Choose Freedom Over Ownership

Owning a home is not the universal path to happiness and stability it’s marketed to be. It’s a carefully constructed narrative that benefits the rich and keeps the middle class in debt and bound to a single location. Don’t buy into the illusion that a single-family home equals success. Real success is the ability to choose freedom, invest wisely, and live your life without being controlled by a pile of bricks and a bank’s interest schedule.

In a world that values ownership, be the one who values freedom. Don’t let the dream of homeownership become a lifetime of financial servitude. The American Dream may have started with good intentions, but in today’s economy, homeownership is no longer the path to freedom—it’s the illusion that keeps us from reaching it.

….

Hey guys, Eric here. Let’s talk about something that’s been on my mind lately: the obsession with owning a single-family home. Society tells us it’s the ultimate symbol of success, the American Dream encapsulated in a white picket fence. But is it really? Or is it just another scam that locks us into a life of debt and complacency?

First off, let’s debunk the myth that owning a home is a solid investment. Sure, real estate can appreciate over time, but so does the stock market, and with way less hassle. When you factor in property taxes, maintenance costs, and interest on your mortgage, the actual return on investment is often negligible. You’re not just buying a house; you’re buying a commitment to pay money indefinitely.

Think about mobility. Owning a home ties you down to one location. In a world that’s increasingly global and dynamic, being anchored can be more of a liability than an asset. Renting provides the flexibility to pick up and move when opportunities arise. Why chain yourself to a plot of land when the whole world is out there to explore?

There’s also the psychological trap. Homeownership is sold as a path to happiness and fulfillment. But does a bigger house truly make you happier? Or does it just clutter your life with more stuff you don’t need? Minimalism teaches us that less is more. By not sinking all your resources into a house, you free up time and money to invest in experiences, relationships, and personal growth.

In essence, buying a single-family home is a scam because it sells you an outdated dream. It convinces you to invest in a static asset in an ever-changing world. It burdens you financially and psychologically, all while masquerading as the pinnacle of success.

So before you sign that 30-year mortgage, ask yourself: Whose dream are you really buying into?

Stay curious,

Eric

Even easier than being an oil prospector?

For your family

Look at the year graph !

I’m the juggernaut bitch!

The next Four years are going to be the best 4 years of economic prosperity of all time!

Smile, huge grin on your face! This is gonna be great!

Simple— just follow your gut!

just follow your physiology; anytime I read the news or read Twitter or look at this sort of political stuff, immediately evoke a poor physiological response in my body and my soul.

honestly, all politics, whether they’re right or wrong, clean or dirty, it is all bad and wrong. I think the biggest issue here is that so much of national politics is kind of out of your control, and also kind of superficial at worst.

I say just focus on things which are within your locus of control, your own actions own behaviors, the way you approach other flesh bound human beings, face-to-face person to person.

I also suppose an interesting thing about bitcoin is that it is kind of like always everywhere all at one?

With physical real estate, yes, the neighborhood matters. You want to be in the most coveted neighborhood of all time, something that will be resistant to the future.

But assuming that bitcoin is the ultimate digital capital, the ultimate digital and cyber real estate, then what they means is that no matter what, regardless of where you physically live, you’re always in the best spot, at the best spot.

I think the loser mentality to life is that somehow… Life is all about compromises blah blah blah. However, maybe a better more constructive way to think is yes you could have it all… But the question is how to strategically leverage things in such a way which makes this possible?

Bitcoin is digital real estate!

Time to build an empire in LA!

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Yes you can have it all!

Audio

Retire now with Bitcoin!

Video vlog

Introduction to Bitcoin 

What is bitcoin and why does it matter? A simple straightforward primer:

First, I believe the best definition of bitcoin is digital property. Or digital real estate. My general concept is that the price of a single bitcoin is and should at least least be the price of a single-family home, if not 10X 100X or 1000X.

 For example just open up Zillow, and look for the price of single-family homes in Los Angeles the Bay area etc. currently, even in poor neighborhood, average house prices are about 1.1, 1.2, $1.3 million. And also currently, many homes in the $1.5M, 2 million, $2.9M, and now $4.4 million zone.  and also, one of the estates on Hobie Hills, $155 million home, and above that a brand new construction, $199 million estate.

If I think about it, the reason why bitcoin is such a big deal is that it is the hardest working capital on the planet or the known human universe. For example, when you are sleeping in Pacific time, there is probably somebody awake in Singapore, when their exchanges are open, buying selling bitcoin.

Second, the velocity the speed the power. Currently bitcoin is like a juggernaut; you literally cannot stop it even if you wanted it to. Do you remember an X-Men, I’m the juggernaut, juggernaut just smashing through walls? Yeah that is like bitcoin.

And even microstrategy, it is like a tank, an armored vehicle, which is slowly plowing through and destroying everything in its way. If you have ever seen a raised military vehicle in the flesh, in desert 10 and iron steel, with a huge massive room that look like tractor rims, having like 20 wheels, driving on the freeway, the sheer size and mass will make your jaw drop.

The reason why I am so passionate about bitcoin is that at this point, it almost feels like an ethical imperative to me. What that means is that I almost feel like it is my God-given duty to spread the good word of bitcoin.

Why? Assuming that 55% of the world‘s problems come rooted in issues about money, if that were the case, if you could fix the money and the money supply, couldn’t you fix and improve and upgrade the human race? (Saylor).

Bet on the jockey and the horse 

So assuming that Michael Saylor is not the new patron in Saint of bitcoin, he is now the ultimate spokesperson for bitcoin, and assuming that he is in fact, unethical, incredibly intelligent, good intentioned and ethical, if that is the case, then, Michael Saylor is like our head man or jockey, like the Steve Jobs of bitcoin, and bitcoin is like the war horse. Once again, bitcoin has the most unstoppable power on the planet.

Internet digital capital

So this issue was physical real estate, let us buy $10 million house or plot of property here in Culver City, main issues:

1. The issues of property taxes, sales taxes, other taxes which is just like the local city or government or whatever siphoning away money from you. It is almost like you are a healthy child, and then you become a blood bag for some sort of mad Max evil villain, And they’re slowly selecting away the blood of your firstborn child, to feed itself. Now I think I understand a little bit more about the idea of lowering taxes and government taxes, because nobody likes to have their blood drained. Especially against their own will.
2. Laws of physical nature, act of God: so my brother-in-law is currently having his house remodeled and rebuilt, and super super crazy story the contractor who’s helping them employed by Cindy‘s mom suddenly I guess randomly got cancer and is now in the hospital? And this is the head contractor for the whole project, so then, the laws of physics; if your head contractor suddenly gets cancer or a heart attack and becomes ill… Your whole housing development project comes to a standstill. Also, the laws of physical entropy; when you are getting a house rebuild, and then it starts to rain, this is disastrous.
3. The physical world is too slow: so currently on 877 Washington in Culver City, Apple is expanding their Apple TV TV plus campus. I’ve been watching them constructed like four days and weeks on end. They’re actually doing good progress on it like they’re always at work, looks like they have good contractors etc.; but still, this is taking months, how long will it take? Five years? The issue with physical and physical development physical real estate once again, the laws of physics make it very very impossible to build things quickly. Even in Vietnam where they obviously do not observe any sort of safety laws, they built things really really fast, but it is impossible to build 100 foot skyscraper in like five days or a week. With bitcoin you can.

Why is it so hard for people to understand bitcoin?

Can you imagine trying to explain to an ant how a microwave works?  or can you try to imagine explaining to a child in nuclear physics?

Or can you try explaining to your 95-year-old mom how the Internet and the cloud works?

Poor, imagine how difficult it is if you took a 85-year-old man who has been driving petroleum cards this whole life, and giving him a brand new cyber truck?

The hard thing with technologies is that it is always very very very very difficult to understand things which are a massive paradigm shift. Even my uncle, who is almost the most reluctant person to technology ever, like he only got an iPhone literally this last year — even up until a year ago he was still using a flip phone, now that she has an iPhone Pro, his life is like 1 trillion times better. He literally fought hand and nail and even he eventually succumbed to the miraculous powers of the iPhone. I think also a similar thing will happen with electric cars, like we charge our phones every night, can you imagine if your iPhone ran on a gasoline generator?

Insight & vision

I think the hard thing is that to have a deep insight about something, is going to be considered insane by the traditional crowd. Which is also very very understandable. For example, one of the most useful inventions of all time the microwave, can you imagine trying to describe to a person in the 1800 how a microwave worked? Or even having silent clean electricity inside your home? Or, trying to explain to somebody in the 1700s that one day you would fly in the Meadow bird across the sea in a matter of hours? Or trying to explain to somebody in the 1500s that one day we will jump on a spaceship and go to the moon?

Once again very very difficult.

The art of being unreasonable

Or, it’s still kind of blows my mind… I think what Elon Musk is currently worth what like $270 billion or something? Can you imagine even telling somebody 10 or 20 years ago that one day this would be possible?

Even Steve Jobs, his insane tenacity is like the best thing of all time. Can you imagine if we were still on blackberries with physical keyboards?

Or, when he first unveiled the iPad everyone was trying to get him to like add 50 USB ports to it. But it was his stubborn genius which prevented this nonsense.

Even in the early days of the Apple to computer, Steve Jobs had the very very good idea of not having nerds hack with it, you could let them just do that with the windows computers. Steve Wozniak I didn’t like it, but ultimately Steve Jobs was right.

Or Elon Musk and Tesla; what people don’t know is that Tesla was originally started by Marc Tarpeting, and I think another group of investors and entrepreneurs, however, it is Elon who turned Tesla into what it is today. He is the one who had the genius and the insight and the engineering and design taste to make the Tesla model S the beautiful car that it is today. And also, his vision with cybertruck and now the cyber taxi and Robo van.

I think we tend to put these individuals on a pedestal. Why can you not be as unreasonable and stubborn and insightful as Steve Jobs, Elon Musk, Jeff Bezos? What in terms of the laws of physics is holding you back?

Your only limit is you 

Me talking about bitcoin might seem like it is out of left field, but actually, I’ve been investing in bitcoin and crypto since 2018. A year after I left Vietnam.

Initially, I was told about a certain old coin by this Singaporean trader investor entrepreneur named Bing — she first is the one who got me to sign up, I first did my own research a little bit, but maybe like $25,000 worth of bitcoin in 2018, when it was like $6950 a bitcoin, and me then taking half of that money and buying digibyte DGB, on the exchange fund poloniex, but I’m not even sure it’s around anymore, anyways, eventually I came back to my senses, and after doing a lot of research and thinking, consolidated all of my digibyte back into Bitcoin, the smart path.

Other meanderings

I also then much later, met a guy named Abe who was an early investor in chainlink, randomly when I was at LA fitness in Providence Rhode Island, and I was pretty sold, it seemed like chainlink was a great idea.  I think one chain-link was maybe like seven dollars a chain-link or $10 a chainlink, I sold all of my bitcoin which was worth maybe like $180,000 at the time, and bought all chainlink.  I liked the insights of Sergey Nazarov, and I used to check the chain-link blog like every single day.

Eventually… I then had a gut feeling, I kind of missed having my bitcoin. And also I started to get a little bit more and more suspicious and having a bad feeling about chain-link. The issue was too much of the price of a chain-link was dependent on marketing and PR, and also… I think they release a version 2.0 white paper for chain-link, and this was a red flag:

Never trust anything that needs a version 2.0.

What people don’t really really know is that bitcoin, when Satoshi invented it, was like version .001, and since it was published, the original bitcoin paper, it has not been tampered with or changed since.

Since then, we have seen many forks, duplications, new ideas, Ethereum Ethereum 2.0, the big Ethereum hack and fork etc.; and even now somehow I’m not even sure how this happened, Ethereum you can now have an Ethereum spot ETF?

 however, people are starting to wake up to their senses and realizing that Ethereum is like a cubic zirconian fake diamond made out of plastic – it looks really really shiny and great from the outside, but on the inside, it is just plastic.

What’s also super interesting about diamonds I learned this from my uncle who has been a gold and diamond and jewelry dealer for almost over 35 years, is that with the naked eye, a cubic zirconia and fake diamond and a real diamond is literally impossible to tell with a human eye, even if you took the world’s most skilled jeweler to take a look. 

How to FIRE with bitcoin (financial independence, retire early)

OK, before COVID-19 hit, it seems that we were actually on a good path, discovering the life happiness and the pursuit of happiness was not about physical property, physical possessions, even owning physical land or physical home or property… It was more about living this semi nomadic life, and accumulating interesting experiences, and getting your EXP up (experience points).

Even a big idea that I had, around 2015, wow almost a decade ago, is buy experiences not stuff.

So applied to our real life, maybe we should kind of shake off the trauma in the backlash of Covid, and let us take it back to the beginning, take it back to standards.

First, I think a good idea is to try to imagine that Covid never happened, and let us resent ourselves around our minimalist principles.

So let us make this notion of fire, financial independence retire early cool again.

So, how do you do this with bitcoin?

How to fuel your own early retirement with bitcoin

One quote I like from Michael Saylor; everybody is winners on the bitcoin standard, nobody is a loser. There are only varying degrees of success. 

So, how do we apply these principles?

First, the very very simple goal is to accumulate as many bitcoins as humanly possible, to stack as many Satoshi’s as humanly possible. The very very simple via negativa principle: 

You don’t sell your Bitcoin ***

If I told you that you were a wealthy family from New York City, and you own physical property commercial real estate on fifth Avenue, would you ever sell your property? Hell no! You would do everything, hand and nail to avoid and to prevent yourself from ever selling your property.

What do you then do instead is you try to do everything in your powers, your financial leverage powers to never ever ever have you to sell your bitcoin, but instead, to leverage your financial assets and instruments in order to accumulate more bitcoins.

What do you want to do is obviously do simple things like pay your rent and stuff, but, the very very simple goal: you live so insanely frugal and Spartan, and just put on 99% of your moneys into bitcoin. 

The basic idea is live like a demigod Spartan, you have no need for money or possessions or stuff. Even after recently doing this very very spirited road trip down to Temecula and Marietta, staying on a nice ranch with a bunch of chickens, I am still pretty convinced… A white Toyota Prius, is probably the best car of all time. Even if you could afford like 50 cyber trucks, or assuming I could only own one car, currently I still might take the Prius over the cyber truck.

Why? My body looks like a cyber truck, I don’t need my car to be. 

I think the problem is people try to purchase dominance through their assets like their car their truck their SUV they’re home they’re closed their jewelry their devices whatever, or even worse their guns.

Only skinny fat midget weakling losers own guns. 

A real man has no need for external fire arms; your own arms your own guns are your firearms.

So a very simple thought; don’t waste your money on guns or ammunition, use all that money to buy weights, weightlifting equipment and barbells, use that to stack your muscles and also your physical dominance. 

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How to deal with the emotional roller coaster of bitcoin

So I think the number one critical problem here is that for somebody who is inexperienced, bitcoin is one hell of a ride.

For example, even my uncle who is like 68 years old, he told me in Korean that bitcoin is almost kinda like crack cocaine or bad drugs (ma-yyak), which literally means “evil medicine”.

For example I tell him that all I think about is bitcoin and Eitreim in bitcoin, he tells me that he has the same problem. But I guess the difference is that I do it from a joyful, happy, playful childlike approach; she does it almost kind of like out of opportunity and fear?

So some simple thoughts:

1. Never look at prices 

Never ever ever ever look at prices, delete the Coinbase app from your phone or whatever, or your Fidelity app, assuming you own microstrategy stock,  and never ever ever look at prices unless you actually intend on buying selling or trading or swapping or accumulating or depositing money and re-investing it.  it might be one of the most difficult things to do but I treated like the ears of Odysseus; fill up your ears with digital beeswax, never ever look at prices. 

Now that my net worth is insanely soaring, like bitcoin is going ballistic, and I’m getting ready for the $100K bitcoin party,  the best party of all time in cyberspace and everybody who owns bitcoin or even a fraction of a bitcoin is invited, — essentially the funny thing with bitcoin and numbers and prices and whatever is that there is this strange assymmetry:

When you see the prices or your assets going up, you get like a 50% boost and happiness, but if you see it go down, it is like a -500% in happiness. 

This is why losing money at the casino is 1000 times more annoying than winning money.

So don’t be tempted with gains ; once again, the goal is to increase your money or your capital, but instead and rather, the goal is to accumulate digital power.

There is no force stronger out in the planet than bitcoin. It is like solidified power, – like I visualize it like a Dragon Ball. Assuming that there’s only like seven dragon balls scattered around the planet, wouldn’t you want to have one?

Or imagine a better analogy… There’s like 21 million dragon balls scattered hazard lead around the planet, and there will never ever ever be more than 21 million dragon balls, and this Dragon Ball is your thing to economic immortality and power, wouldn’t you want to have one, or several?

How many bitcoins is enough bitcoins?

That’s like asking somebody if you have a chance to buy out Manhattan, how many square blocks should I buy if I could afford to buy like a lot?

Your goal is how much you ever could physically afford it! And even if you have to overextend or leverage yourself a bit, more property in Manhattan is always the best idea.

Bitcoin is like the ultimate digital cyber Manhattan assuming that there will never be more than 21,000,000 square blocks in cyber Manhattan, forever, then, certainly you will want to get one while you still can.

a bitcoin mortgage program

An idea that I’m kind of toying with this idea of like a bitcoin mortgage. The general idea is that there’s going to be a certain point in which owning a bitcoin is just going to be like physically impossible for most people like a full single bitcoin. Currently the scam that is going on is that people will Essentially sell all of their physiological energy and soul over the course of 30 years, to purchase a single-family home and property.

However if I think about this critically, the reason why buying a single-family home or anything with a mortgage is a terrible idea is that as long as the APR is above 0%,  it is never worth it.

Why? Even if you do get a 0% APR loan, assuming that you have to pay property taxes of at least one to 2% means that you’ll bleed out half of your capital in the course of 30 years?

Not only that it is like somebody offers to give you a free pet puppy, but you forget that you will have to pay it in the long run; paying for a bit fee, and it getting cancer, and eventually the sadness of having to put it down.

In life, you have the option of taking the winning bet, or you have the option of taking the losing bet. Why would you take the losing bet?

The point of life is to win!

 in life, so history and words mean little and nothing.

I still cannot ever forget, my extreme annoyance with talking to one person who told me that he was taking some classes to learn about investing in real estate or whatever, and I just joked tongue and cheek, but also seriously… Like bitcoin? He shrugged me off and told me “no, real investments.” This is from somebody with a business and maybe an economics degree? And maybe a marketing degree?

Anyways, I’ve made 1 trillion times more in bitcoin over the course of the last few years, then over 15 years of traveling the world and teaching photography workshops. And the truth is a lot of it is actually just time and technology; bitcoin didn’t really exist back then in a real tangible form which wasn’t that interesting to me at the time; so obviously if the financial instruments don’t really exist at the time, then, obviously you cannot hate on people for not making good financial decisions if the financial instrument, a.k.a. bitcoin, did not yet really exist!

But isn’t bitcoin risky?

 no! It might be like the least risky thing on the planet. It is almost like in my mind 100% certain to go out forever, albeit with great volatility.

But to quote Michael Saylor, volatility is vitality.  what that then means is in life, assuming like life is like a roller coaster, you need higher highs to get the lower lows in order to reach the higher highs. For example in roller coaster tycoon, in order to make a super super epic awesome roller coaster, you first need to make it go up really really high, then really really low, in order to use the centrifugal or the gravitational force to make it reach a really really new high!

I almost wonder if there was a lot of financial physics here as well: the idea is that once again, you need really really low dips, in order to reach new highs?

Compare this with a boring asset like bonds; the whole life it is just like super flat, maybe a 1° incline upwards, kind of like one of those lame kitty roller coasters. The one that just put you in a truck that just goes in a circle forever, with a tiny incline and a tiny dip. Super boring.

what is the goal?

I think philosophically, the goal ain’t to get rich or whatever, because richness is all relative. Rather, the goal is to gain your freedom, your financial freedom! Then once you have gained this freedom, the rest of your whole life will just be upside, no downside!

ERIC

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