A super super interesting thought on my mind is the quote from Michael Saylor, volatility is vitality. What does that mean, why does it matter etc.?

First, typically when we think of volatility, it is in the financial realm. We think of volatility in the context of something going up and down, almost unpredictably, chaotically, crazily.

For example in the markets, we tend to think of volatility like a bad thing. Because most people cannot stomach the up and downs.

I am an interesting case because obviously I’m affected by it too. Yet now, whenever I see volatility, I’m more annoyed than anything, like the days that bitcoins down, or the days that microstrategy stock is a little bit down, it is almost more like having an annoying mosquito bite, Maybe even a tiny splinter than anything. The good thing with mosquito bites is as time goes on, we know that it will fade, although it is very annoying. Also, with the tiny splinter… Super super annoying to pick it out, but you can!

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Nuclear power

So besides Chernobyl and Fukushima, I actually think that nuclear power is a super smart idea. Certainly nobody wants nuclear fallout, but come on… It is year 2024. For a while, me and Seneca were playing with SimCity: cities of the future on the Mac, and also, we watched the cities of the future film on IMAX and also 3-D, at the California science center. It is still kind of bizarre to me… Once again, the year 2024, if I think about the film Elysium, produced by Bill Block, and starring Matt Damon, shouldn’t we kind of be living in this futuristic, cyberpunk, or massively green and beautiful bright future? Not kind of this ugly, slumlord vibes we get from watching a film like Snowpiercer?

Even often the truth is a distraction 

Anyways, about two or three days ago I was curious why bitcoin spiked so high, breaking the mythical $70,000 mark, after about 2 to 4 years of languishing. So I searched it on ChatGPT, and randomly saw that because Elon Musk tweeted it? And then I was curious, and then I kind of went down a rabbit hole, checking Elon Musk Twitter, Seeing now how he endorses Donald Trump, and then seeing the tweed video the retweeted video of the Joe Rogan podcast with Donald Trump.

Anyways, I was watching the interview, I watched about half of it, very fun and interesting and entertaining! One of the interesting things is how Joe Rogan was asking Trump about nuclear.

So to me nuclear is interesting because it is insanely high volatility like it has a lot of power. But if done right, if handled quickly, it is essential you produce practically free energy for everybody! Apparently they do it well in France I think, they just create a bunch of these mini nuclear power plants, And the French citizens benefit?

A good reason to be anti stoic 

I think about 99% stoicism is good, come on, I named my firstborn son after Seneca the younger, the great stoic sage!

Yet where stoicism fails, I call this “the life after stoicism”, is that Stoicism is too focused on hardening yourself into like a porcupine, and then eventually, it makes you unemotional or unfeeling etc. Yet what if you want to embrace this interesting strategy; put on the stoic armor, in which you don’t really suffer any downsides from life, but you could harness the volatility of life, and channel harness and reap the benefits of the upside?

Stoicism is not volatile enough. Certainly we want Stoicism to clip and hedge the downsides of life, but, you want at least 200X upside in life!

The wisdom of kids

So kind of an interesting thing I learned from Seneca, kids in general etc.; Seneca is about 3 1/2, and when he is angry or upset about something, he’ll get angry, he’ll throw stuff, stop his feet, put out a lot of high energy, start screaming and yelling, and shouting, but when we just let him get it out of his system, like for 30 seconds or a minute or so, he’ll kind of forget about it, and then start smiling again, and then being happy and proceeding like usual. Because Seneca is like happy and joyful and silly and playful and curious Like 99.999% of the time.

Adults should also mirror children 

Anyways, I almost wonder if this is a better strategy for adults as well.

I think where adults fail is that we try to be good proper and prim, I don’t know if this is like Victorian Quaker Christian ethics, we try to restrain our anger, we don’t raise our voices we don’t yell we don’t scream, we don’t throw stuff, we are told to become modest, go on a walk etc.

But I almost wonder if it was a good idea that adults we also would just let our our anger and fury as well like kids — for example if we’re angry, to just yell shot scream, stump our feet, go outside, throw around the sandbag, go to the park and take some big heavy rocks and throw them into the distance etc. Also as a funny sidenote, go on YouTube or Google and search ERIC KIM rock toss challenge, in which during Covid when all the gyms were shut down I would just go to the nearby park, find the biggest rock or Boulder I could, and just practice throwing it around etc. It might be the best workout of all time!

Don’t hold in your anger 

Anyways, the issue with adults is that when we’re angry or upset about something, we’re holding our emotions, yet we harbor this anger and resentment, this Poison, for weeks days months years decades? Even one of my uncles, considering that my grandfather had an illegitimate wife and about five or six kids all illegitimate kids on the other side, essentially ditching my mom‘s mom, and the 4 to 5 legitimate kids, anyways, apparently one of my uncles is still super super upset about this, even many years after the passing of my grandfather, my uncle saying that after getting drunk “I have no father”, referring to my already deceased grandpa.

I get it, but I almost feel like it doesn’t really matter anymore. Don’t people gotta move on?

Yeah yeah yeah, life is tough, life is sad whatever, but, I once read that resentment and anger is like drinking poison, hoping that the other person dies.

No not only is this kind of not a good strategy, it is ineffective but also foolish.

Think Achilles

For example, imagine like you’re a warrior, like you’re Achilles, or Hector, and you’re about to do the final battle. You got your spear and shield, your battle armor on. Obviously the goal is to throw your spear and kill the other guy, not to take your spear and stab yourself in spite of your enemy, hoping that somehow spearing yourself will damage the other person?

Really sick stuff

Even a more sick thing, a parent, who is frustrated with their child, not sure what to do, starts to literally beat themselves, like hitting themselves or self flagellating themselves, causing themselves some sort of self-made pain, to make the younger child feel bad? To me this is almost the most sick evil thing to do of all time because when your kid and your parent beats you, at least you could feel bad and think that your parent is a bad guy. But if your parent beats themself to spite you… You have no one else to but by yourself? 

Never spite nobody!

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Where it is wise to not trust Christianity 

The early Christian fathers, a lot of them kind of unwell people, we kind of do a similar thing, self flagellate themselves for their sins whatever, as a form of repentance or something?

But the reason why this is so sick and weird, is that once again, by hurting or damaging or poisoning yourself, you ain’t doing nothing useful.

Like for example, let us say that you did something bad or whatever, and then boom now your parents are dead or somebody you care about is dead or whatever, and then you get super depressed and you start to drink alcohol, smoke a bunch of weed, do a bunch of drugs, simply to alleviate your pain your distress your suffering. Or you start to self yourself, you start to physically beat yourself.

Now once again, this is not productive at all.

Channel volatility

So just watching the recent microstrategy earnings call, go Michael! I also like Andrew Kang and Phong Le (both I presume our Korean and Vietnamese, just like me, Seneca, and Cindy!) 

Anyways, what do you notice what super interesting was that what is so fascinating about microstrategy, it is like literally the best performing company in stock in the known human universe, is that it is also the most volatile. Whereas a typical asset might have a volatility of five, The volatility of micro strategy often exceeds 50.

Volatility is vitality, the motto of Michael Saylor.

So then I guess the tricky thing, the philosophy behind things: “Would you prefer to have higher volatility for greater yield and performance?” Or would you rather have low or no volatility, and just take boring steady gains, but far inferior gains and yields?

For me, I think 100% obvious strategy is to have higher performance, with even greater and higher volatility.

Because at the end of the day, it is probably more interesting to drive a high volatility performance vehicle, like a Lamborghini, which has more power powers and “flexiness” rather than a boring and reliable Toyota Camry?

Yet what a lot of fools do is they just park their money in some sort of blended S&P 500 derivative, because they don’t know what else to do?

Taking control of your financial destiny

Michael Saylor said his personal imperative with bitcoin, is that he believes that at least 50% of the world‘s problems and issues can be solved by fixing the money. He likens traditional money and capital as being toxic; would you give your healthy four year-old child contaminated sewer water to drink, or would you give them clean water? Or, would you take the temperature of your home, which is a cozy 73°, and turn down the thermostat by 1°, every single day, for 10 years? Obviously not, you will literally kill and freeze your family to death.  

Think scientific history & physics

I think the genius of a Michael Saylor is that he studied history of science at MIT, and also aeronautics and aerospace engineering.

So I was curious about the word volatility, and apparently it just is derived from Latin to fly, initially from the Proto into European to throw.

So certainly flying is good. I would not want to go to Seoul South Korea on a boat. Also, thinking about French colonialism, I have no idea how the French would be able to stand the boat ride from Paris all the way over to Saigon; or even worse, Thinking about Australia, the original penal colony, how in the hell did you take a boat from London all the way to Australia?

Flying is literally volatile (volaris, to fly)

Anyways, the volatility of flying, certainly flying can be dangerous, you hear the reports about the new Boeing jets, exploding or whatever. Yet nobody gives up flying.

Or let us say the dangers of driving an automobile car. Certainly there are lots of dangers associated with driving, like fatalities from car related accidents, now texting while driving, it is literally a life or that situation. You are 1 trillion times more likely to die from a car accident rather than any sort of accident resulting from a terrorist attack, or a gun related fatality.

If in fact, everyone is talking about why guns are bad and so evil and how we should ban guns or whatever. Yet nobody is talking about how we should be texting while driving, or even ban the use of a cell phone while you are in an automobile car.

If anything, if Apple really wanted to say millions of lives, I have a simple thought: by default if you buy a new phone or whatever, a new Apple ID or whatever, there should be a workflow which if it detects that you’re driving really really fast in the car, it automatically locks you out of your phone, into the do not disturb driving mode, and that if you want to access the normal mode, assuming you’re a passenger in an Uber or Tesla Robo taxi, then you could voice dictate or type I am not driving. Or “I am a passenger”.

Anyways, volatility is good. I almost wonder if volatility, voltage is the same thing? You step up and you step down there’s transformers for electricity. And this is what allows high-powered electricity to travel from phone wires, silently into your home, powering your washer and dryer your heater and air conditioning whatever. Yet nobody is trying to ban electricity.

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Channeling volatility

Bitcoin is up 507% percent over 4 years since 2020, MSTR is up 1989% since then — 5x, 19x (20x) gain since 2020

So also, a curious thing… Why is it that I have never met a female day trader? Or a female bitcoin investor?

I’ve met lots of day traders, all male, some guys at the gym at the local park whatever. It is pretty common to meet day traders who drive Uber on the side or whatever. I haven’t really met any bitcoin investors in the flesh yet, besides myself. And certainly I have never met any women who are interested in bitcoin. It is too volatile for them.

It is also too volatile for most men. Yet a simple filter, I think that for the general part, women hate volatility, most men also hate volatility but some men like myself, love volatility.

Question; are there any women who love volatility? I guess the ideas that you have sex with the rockstar, and you have the boring accountant husband at home, paying the mortgage or whatever, but it seems that most women, would not want to be in a serious financial relationship with a Starbucks barista playing music on the side.

Anyways, maybe what life is then, is the love of volatility. 

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Harnessing the upside of volatility without the downside?

So this is where things get super interesting; how can we reap the benefits of the upside, like gain 150% upside in life, while clipping the downside?

So for example, the microstrategy strategy is super super fascinating;: capturing 150% the performance of bitcoin and the upside, without the downside?

Bitcoin Treasury Company (BTC)

So how do they do this? Simply put they have access to permanent bitcoin capital. Funny enough they are dubbing themselves BTC, bitcoin treasury company, I like to just think of micro strategy as their first bitcoin bank (BB), because it is easier for mere mortals like myself to remember, but anyways, what is super fascinating about microstrategy, is because they have been in business for over 30 years, they are a real company, that first started off selling business intelligence software, and now transitioning into becoming the world‘s first 100% bitcoin company, which is effectively unstoppable at this point; even if Apple somehow bought $1 trillion worth of bitcoin, because the operating structure of Apple computer is still revolving around future projections of selling more future iPhones, Apple can never really really ever become 100% bitcoin, even if I wanted to.

December 2024: Will Microsoft purchase bitcoin? 

Oh and also as a random sidenote, I think in December, there might be discussions that Microsoft might actually start to add bitcoin to her balance sheet. This is worth noting, especially because starting January 2025, the new FASB (fasb.org) financial accounting standards board, GAAP generally accepted accounting principles — essentially companies institutions like Harvard and Yale and Brown can now add bitcoin to their balance sheet, as a treasury reserve asset. The reason why this is a big deal is for so long, bitcoin was considered fake money, and that a company could not add it to her balance sheet, proving proof of funds and reserves in the traditional sense. Now, all of these nerds who become accounting will have to learn all of these new rules, figuring out how to integrate bitcoin and other cryptocurrency assets to accounting principles.

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If Larry Fink and Blackrock think that bitcoin is real capital, it is.

The reason why this is such a big deal is that once again, people still think that bitcoin is fake money! Yet look at the Janet Yellen talk on Satoshi, and even look at Larry Fink, CEO of blackrock who owns over $10 trillion worth of assets, Larry Fink even now says that bitcoin is legitimate asset class, and I think that black rock has actually recently invested and bought a bunch more micro strategy stock. Watch the CNBC interview with Larry Fink on Bitcoin.

Study it yourself

Oh and also, a pro tip; definitely get the $20 a month ChatGPT pro, it is now the ultimate financial investment research tool; when you want to search any financials or anything, this is an insanely big deal.

Anyways, once Harvard Yale and Ivy League schools start to purchase bitcoin, or maybe even there investors, the ones that handle the endowment start to purchase microstrategy, which is essentially a conduit for purchasing bitcoin, with indirect exposure to the asset class of bitcoin, this will be a big deal.

If UCLA were smart, she would purchase BTC and Bitcoin and or microstrategy, not real estate.

How to harness the upsides of volatility without the downsides?

So this is a very big idea. Obviously the goal in life is to win, even Michael Saylor said at the end of October 30 micro strategy earnings call, that essentially, under a bitcoin strategy, everybody wins, there are no losers in the bitcoin strategy. Only varying degrees of success. 

There are no losers in life!

Philosophically, this is fantastic. Why? To me the idea that we could all win together, 100%, no losers, isn’t this the ultimate thing?

For example, I still think that the number 1 foolish way that most individuals live is that they think of life like zero sum; they think that your success means my failure, that your big dick means my small dick.

But this makes no sense because money is fake, money ain’t real, it is just a man-made construct. So if somehow you have $1 million in the bank, that doesn’t make my balance any smaller or bigger.

21M is a hard cap.

I suppose the thing that is a little bit tricky under the bitcoin standard is that because there is a hard cap of 21 million bitcoins, the ultimate strategy is indeed to own the most bitcoin at the end of the day. And this is still where I think the strategy, is to use microstrategy as a cash yield generation machine, periodically selling microstrategy stock when it is up to purchase more bitcoin, is still the best strategy.

MSTR Microstrategy as the engine in order to accumulate more Bitcoin?

MSTR -> BTC

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Building and making your own micro strategy?

Introducing BLACK EAGLE CAPITAL: 

Currently, my new direction in my life — obviously I’ll still be doing photography workshops etc., as it is still my number one supreme in life and passion. Yet I’m thinking about offering more workshops in the bitcoin sphere, I think I am well adjusted to this because I have Stoicism, and control on my side.

Also, I am currently doing a soft launch of BLACK EAGLE CAPITAL, essentially my bitcoin hedge fund, the name behind it is inspired by the fact that I believe in the ethos of black, black canvas, all black aesthetics, and eagle, Because I was a Boy Scout eagle, also the symbol of America.

If you’re interested in participating, shoot me an email at eric@erickim.com

To be transparent, the strategy is to create an infinite money machine, you essentially leverage MSTR microstrategy stock, and then ultimately the goal is to accumulate more bitcoin. I encourage you to just open up your own Coinbase account, and start buying bitcoins. Just download Coinbase to your iPhone, from the App Store, connected with your JP Morgan Chase or Bank of America checking account, and start buying bitcoins, you could just buy 10 bucks, 25 bucks, $100, $500, $1000, 10,000, $100,000, if you like. The good thing on Coinbase is that they recently increased the limit i’m a $50,000 a day in instant limit, to now doubling that to $100,000! Thank god.

When is the best time to buy Bitcoin?

Buy it high buy it low buy it in the middle, because 30 years from now when bitcoin is worth $22 million a bitcoin, the price of what you paid right now won’t really matter. It won’t matter if you bought it at $100,000 a bitcoin, 200,000 a bitcoin, $75,000 bitcoin, or $50,000 a bitcoin.

Essentially starting next year will be year one of institutional acceptance. I am almost close to 100% certain that Donald Trump will be elected president, even me, I am a liberal Democrat on the left, and even me… I don’t think I’ll be voting for Kamala Harris. Vote orange, vote bitcoin!. Even worth noting the Donald Trump talk at the bitcoin 2024 conference in Nashville Tennessee, also note that Donald Trump his two sons, Eric Trump and Baron Trump, I believe they’re actually really into bitcoin and crypto. Which is good for us, because if you have a president that loves bitcoin crypto and also the US dollar, this will be very very good news for us Americans. And also, good for any holders of bitcoin on the planet.

Bitcoin is the solution for world peace?

I also personally ethically believe that bitcoin can promote peace because it don’t matter what country you’re from, as long as you own bitcoin, we are all part of the same monetary network.

I think bitcoin is a threat to the international monetary fund, Jerome Powell and the FED, which prints money like cotton candy. Even Donald Trump in his interview with Joe Rogan is talking about paying off the $35 trillion debt America has, and also Donald Trump says we will never sell our bitcoin.

And also I would not be surprised if maybe, an interesting national strategy; a nation or a nation to purchase bitcoins, which backs their own fiat monetary supply?

Like imagine if America owned 1 million bitcoins, or 2 million bitcoins whatever, and assuming that the US dollar was pegged to the bitcoin or back, then, the US dollar would actually be worth something. People talk that bitcoin is bad for the environment whatever, this is not true. Because bitcoin miners are incentivized to produce bitcoin, at a low financial rate, it will flow into high yield energy sources like nuclear power plants, or electricity which is stranded on the edges of the grid, for example it is it is cheaper to purchase electricity by building your bitcoin mining rig somewhere in the mountains with access to a hydroelectric dam, where electricity would not be used For example, if you could somehow capture the hydro power of hydroelectric power, which is essentially free because it is powered by gravity, then, assuming that electricity is practically free in America, certainly this will be very good for bitcoin mining and bitcoin network.

And also besides cheap electricity, or free electricity, There is actually a strong entrepreneur incentive to create computers which are more efficient, because contrary to popular belief, bitcoin mining is less about electricity — it is more about computer efficiency.

For example in the early days bitcoin, a lot of bitcoin mining was done on graphics cards, card by Nvidia, then a transition into ASICs, ASIC computers, which is not really even a computer in the traditional sense. It cannot do anything besides solve the mathematically intense cryptography puzzles, which is essentially the proof of work concept.

Also, the reason why proof of work is the path, is that work, like things need to have a real world work in order for it to be worth anything.

For example you do not want to live in your fake virtual reality metaverse, With your fake virtual reality Lamborghini, having sex with your virtual reality girlfriend, with access to your virtual reality money. For anyone who played Diablo II, you know very well that gold is not worth anything in the universe of Diablo; everyone wants the rare weapons.

Before there were hacks, this would mean that you as a kid, you have you would have to spend hours upon hours of doing BAAL runs, Trying to wait and cross your fingers that BAAL would drop some sort of mythical item or weapon, for you to equip yourself. And as a kid, this required real work, which meant a lot of time sitting on your computer, clicking around, and investing countless hours of time which is work, to achieve this outcome.

Bitcoin and crypto is the same thing; if there’s not real human labor or physical labor or analogue energy which goes into producing the digital asset, it is not worth it. This is why you should not purchase or invest in anything that is not bitcoin — nothing else is powered by proof of work and has a hard cap and supply. And derivatives, don’t forget Ethereum was essentially a bitcoin copycat.

Ethereum is not worth anything, don’t buy it, sell your Ethereum and buy bitcoin.

The best analogy is that Ethereum is Pepsi. Nobody likes Pepsi. The only reason anyone would drink Pepsi was because somebody gave it to them for free.

Bitcoin is like Coca-Cola, it has always been the best and will always be the best or bitcoin is like the iPhone Pro, everyone wants the iPhone, nobody wants a Google pixel, nobody wants a Samsung. And certainly nobody wants a Huawei, if you’re a smart rich Chinese billionaire, come on… You have zero interest in buying a Huawei phone besides supporting the Chinese communist party.

If you are any person with any sense, you would prefer to be wearing Louis Vuitton, Gucci, Balenciaga, wearing YEEZY sneakers, with the newest iPhone Pro, driving your Lamborghini Rolls-Royce whatever.

You would not want to drive a Chinese car, a Chinese phone, or even send your kids to a Chinese university.

You would rather want to send your kid to a Harvard Yale or Stanford, and even… No rich Chinese person actually wants to live in Beijing or Shanghai; they would prefer to live in and own property in Palo Alto, Los Angeles, Calabasas, Beverly Hills, Culver City, or maybe Vancouver.

The Chinese yuan is actually pegged to the US dollar 

The only thing that is stopping mainland Chinese is capital controls–  if you have $1 billion worth of Chinese yuan, you cannot take it out of the country even if you wanted to.

Don’t forget that the Chinese yuan is essentially pegged to the US dollar, and I think time has shown that no no no, we are not going to be speaking in Mandarin. English is international protocol and the international business language.

As long as the US, we have at least 1000 X military supremacy over China, we will be fine. And also, when Donald Trump becomes president, he is all about the tariffs, and he’s going to become antagonist towards China, which is good for us Americans because if you put a tariff on Chinese produced goods, money talks, words weep.

What does that means is China will not do anything to promote war with America because the rich Chinese oligarchs are still dependent on manufacturing products in China, and selling it to the American market for a profit.

Don’t be a dummy boy. Anyone who thinks that China is going to take over the planet is either anti-American, a communist, likes to give fellatio to Karl Marx, is a fakeass woke plant based hippie, spends too much time on Reddit, and pirateBay, spent too much time torrenting and streaming Maria Ozawa pornography (on Google incognito, brave browser incognito), maybe they have an apple Vision Pro and they watch virtual reality pornography on their $4000 Apple Vision Pro in private. They might be single, they might not be, maybe own a dog, they have no intention of having kids or girlfriends or a serious relationship.

And also they don’t own bitcoin.

ERIC

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Upcoming ERIC KIM workshops, bitcoin thoughts, crypto thoughts, and also when in doubt, start here >

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Doge has inflation, Bitcoin does not.

So then, if Dogecoin has an inflationary supply comma, why is it worth anything?

Despite its inflationary supply model, Dogecoin maintains value due to several key factors:

1. Community Engagement and Adoption:

Dogecoin has cultivated a vibrant and dedicated community that actively promotes its use. This widespread adoption has led to its acceptance as a form of payment by various merchants and platforms, enhancing its utility and demand. 

2. Inflation Rate Dynamics:

Dogecoin introduces approximately 5 billion new coins annually. As the total supply grows, the relative inflation rate decreases over time. This predictable reduction in inflation can contribute to price stability, as the proportionate increase in supply diminishes. 

3. Media Influence and Celebrity Endorsements:

Public figures and media coverage have significantly impacted Dogecoin’s popularity and perceived value. Notably, endorsements and mentions by celebrities have attracted new investors and users, bolstering demand. 

4. Speculative Investment:

Many investors are drawn to Dogecoin for speculative purposes, aiming to capitalize on its price volatility. This speculative interest can drive demand and, consequently, its market value.

In essence, while Dogecoin’s inflationary supply introduces more coins into circulation, its value is sustained through community support, decreasing relative inflation rates, media influence, and speculative investment.

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How does the Dogecoin proof-of-work system differ from Bitcoin?

Both Dogecoin and Bitcoin utilize Proof-of-Work (PoW) consensus mechanisms to validate transactions and secure their networks. However, there are key differences between their PoW implementations:

Hashing Algorithms:

• Bitcoin: Employs the SHA-256 hashing algorithm, which requires significant computational power and is commonly mined using specialized hardware known as ASICs (Application-Specific Integrated Circuits).

• Dogecoin: Uses the Scrypt hashing algorithm, which is less computationally intensive and was initially designed to be more accessible to miners using consumer-grade hardware like GPUs (Graphics Processing Units). 

Block Time and Transaction Speed:

• Bitcoin: Has an average block time of approximately 10 minutes, resulting in slower transaction confirmations.

• Dogecoin: Features a shorter block time of about 1 minute, allowing for faster transaction processing. 

Supply and Inflation:

• Bitcoin: Has a capped supply of 21 million coins, making it a deflationary asset.

• Dogecoin: Does not have a maximum supply limit, with millions of new coins being created daily, leading to an inflationary supply model. 

Mining Community and Security:

• Bitcoin: Supported by a large and distributed network of miners, contributing to its high level of security and decentralization.

• Dogecoin: While also utilizing PoW, Dogecoin has a smaller mining community compared to Bitcoin. This might suggest a lower level of security; however, the Dogecoin network benefits from its active community and ongoing development efforts to maintain security and decentralization. 

In summary, while both cryptocurrencies rely on PoW, Dogecoin’s use of the Scrypt algorithm, faster block times, and inflationary supply model distinguish its PoW system from Bitcoin’s.

Proof-of-Work (PoW) is a consensus mechanism used by various cryptocurrencies to validate transactions and secure their networks. In PoW systems, miners compete to solve complex mathematical problems, and the first to solve the problem gets to add a new block to the blockchain, receiving a reward in return. This process requires significant computational power and energy consumption.

As of October 31, 2024, several notable cryptocurrencies utilize the PoW mechanism:

1. Bitcoin (BTC): The first and most prominent cryptocurrency, Bitcoin employs the SHA-256 hashing algorithm for its PoW system.

2. Dogecoin (DOGE): Initially created as a meme coin, Dogecoin uses the Scrypt algorithm, similar to Litecoin, for its PoW consensus.

3. Litecoin (LTC): Often referred to as the silver to Bitcoin’s gold, Litecoin also utilizes the Scrypt algorithm in its PoW mechanism.

4. Bitcoin Cash (BCH): A fork of Bitcoin, Bitcoin Cash uses the same SHA-256 PoW algorithm.

5. Monero (XMR): Focused on privacy, Monero employs the RandomX algorithm, designed to be ASIC-resistant, promoting decentralization by enabling mining on consumer-grade hardware. 

6. Ethereum Classic (ETC): After Ethereum transitioned to Proof-of-Stake, Ethereum Classic continued using the Ethash PoW algorithm.

7. Zcash (ZEC): A privacy-focused cryptocurrency, Zcash uses the Equihash algorithm for its PoW system. 

8. Dash (DASH): Known for its focus on fast transactions, Dash utilizes the X11 algorithm in its PoW consensus.

9. Ravencoin (RVN): Designed for asset transfers, Ravencoin employs the KAWPOW algorithm, which is ASIC-resistant and suitable for GPU mining.

10. Kaspa (KAS): A relatively newer cryptocurrency, Kaspa uses the GHOSTDAG protocol, a PoW consensus mechanism designed for high block rates and scalability.

It’s important to note that while PoW has been instrumental in securing early blockchain networks, it faces criticism for its high energy consumption. This has led some projects, like Ethereum, to transition to alternative consensus mechanisms such as Proof-of-Stake (PoS). However, many cryptocurrencies continue to rely on PoW due to its proven security and decentralization benefits.

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Proof-of-Work (PoW) is a consensus mechanism used by various cryptocurrencies to validate transactions and secure their networks. In PoW systems, miners compete to solve complex mathematical problems, and the first to solve the problem gets to add a new block to the blockchain, receiving a reward in return. This process requires significant computational power and energy consumption.

As of October 31, 2024, several notable cryptocurrencies utilize the PoW mechanism:

1. Bitcoin (BTC): The first and most prominent cryptocurrency, Bitcoin employs the SHA-256 hashing algorithm for its PoW system.

2. Dogecoin (DOGE): Initially created as a meme coin, Dogecoin uses the Scrypt algorithm, similar to Litecoin, for its PoW consensus.

3. Litecoin (LTC): Often referred to as the silver to Bitcoin’s gold, Litecoin also utilizes the Scrypt algorithm in its PoW mechanism.

4. Bitcoin Cash (BCH): A fork of Bitcoin, Bitcoin Cash uses the same SHA-256 PoW algorithm.

5. Monero (XMR): Focused on privacy, Monero employs the RandomX algorithm, designed to be ASIC-resistant, promoting decentralization by enabling mining on consumer-grade hardware. 

6. Ethereum Classic (ETC): After Ethereum transitioned to Proof-of-Stake, Ethereum Classic continued using the Ethash PoW algorithm.

7. Zcash (ZEC): A privacy-focused cryptocurrency, Zcash uses the Equihash algorithm for its PoW system. 

8. Dash (DASH): Known for its focus on fast transactions, Dash utilizes the X11 algorithm in its PoW consensus.

9. Ravencoin (RVN): Designed for asset transfers, Ravencoin employs the KAWPOW algorithm, which is ASIC-resistant and suitable for GPU mining.

10. Kaspa (KAS): A relatively newer cryptocurrency, Kaspa uses the GHOSTDAG protocol, a PoW consensus mechanism designed for high block rates and scalability.

It’s important to note that while PoW has been instrumental in securing early blockchain networks, it faces criticism for its high energy consumption. This has led some projects, like Ethereum, to transition to alternative consensus mechanisms such as Proof-of-Stake (PoS). However, many cryptocurrencies continue to rely on PoW due to its proven security and decentralization benefits.

I like the idea of an exercise that can engage your whole body, all at once. For example, some sort of carrying motion and walking and standing motion. This involves deadlift, rack pulls, walking deadlift, Farmer’s carries, Rick Shaw Hackshaw open trap bar walk etc?

Yes, But if you want increased velocity, of your assets to go up forever, quickly… You’ll have to add also add insane amount amounts of all utility. 100 X volatility, in order for your gains to go up forever, with extreme highs in those, kind of like a roller coaster… Or momentum or whatever… You need higher highs and lower lows, in order to break into new highs? 

the primary reason is that people are still thinking of microstrategy, in context of their value of how much bitcoin they currently hold and own. Yet use the oil company analogy, the reason why that is not a good analogy is that it also then means, the value of an oil company or even Apple computer, is based off of and predicated on how many iPhones she currently has in her war chest, or for the oil company, how many barrels of oil oil company has in its reserves.

Assuming that 98.5% of the value of Apple Computer, is predicated on the belief that people will continue to use their iPhones, continue to use iMessage and FaceTime, and to be stuck in the Apple ecosystem forever, and will continually purchase iPhones until the end of time.

Kind of a similar strategy with Amazon, Amazon prime, totally correct. At this point it is almost irresponsible not to have Amazon prime! The Jeff Bezos vision.

Honestly at this point, microstrategy is unstoppable because it is the first company with the largest war chest, and at this point microstrategy will become like the bitcoin tank juggernaut, which cannot be stopped. Once again if Google literally took 100% of her capital assets and tried to purchase bitcoin for even $10 trillion, Google or Amazon or Facebook or Amazon would not even be able to catch up to micro strategy.

The first mover advantage

not always but sometimes, when you are the first mover, and you are so insanely big gigantic and ginormous, there ain’t nothing stopping you. Especially if you create your own network, your own infrastructure grid derivative; this is the reason why Tesla is at least 1 trillion X better than any other electric car company out there because it owns a super charging network.

The Same thing with bitcoin and the bitcoin network; here or she that owns the most bitcoin and has the most number of bitcoins and the largest share of the 21 million bitcoins and holding, then what that then means is they shall command it and have the most power!

because just think about it; if you control the money supply, of literally forever, he or she or the entity that controls the money shall control everything?

Standard oil, Rockefeller. Standard bitcoin micro strategy, Michael Saylor?

Also, thinking about crude bitcoin, versus refined products?

Turn up on the momentum, drive, ride and harness the momentum?

Now, even though I’m insanely passionate about weightlifting fitness etc.… I’m even more passionate about the markets, investing, bitcoin micro strategy and finance? 

Maybe not going on Twitter or X is a good idea?

For example, it is actually true that in fact, if you get the right intel on Twitter, or X, it might yield you a 5 to 20% gain. However, my big idea and intervention is what if in fact, that intelligence, could ultimately distract you more than a benefits, shrouding you or distracting you from the potential 200X gain in front of you?

A good sign; if you rewatch a financial earning statement, like the quarter three micro strategy webinar, I’m just watching for a second time and I’m even enjoying it even more this time around! 

20-25 basis points

Foolish risk , wise risk?

what is also super fascinating about micro strategy is that  because their company is so transparent predictable, all these new derivatives markets, are able to be created, because the playbook is open transparent and will be consistent for the next 30 years. As a consequence, looks like micro strategy is creating their own micro economy, there is all these new product services and trading options which involve derivatives of micro energy, which is super fascinating because once again, when you create something new or you create a company or a concept, that could almost replicate and spread itself, almost like a biological organism or a virus or something, or create its own ecosystem, this is very interesting. 

For me the Kind of bizarre criticism or critique of the notion of derivative, is that people use it as a pejorative; for example saying that something is just a derivative of something else. But what if in fact, being a derivative of something were in fact a good thing, a virtue?

And means that when you’re creating your own economy, your own derivatives, your own ecosystem or planet or marketplace or whatever amazing and great sign! A very stable sign, kind of like a not risky obvious decision?

 Maybe also, are you able to access sort of 40 year interest rate, assumably low… It might be wise to take it?

For Example, this new version of the vibran five fingers that I bought make my feet insanely sweaty, I kind of hate it. Yet it has already protected and saved my feet in my toes in the bottom my feet at least once or twice; fuck it just stick with it!

It is kind of like insurance car insurance maybe even having AAA; super annoying to be thinking that every single day or month you have to pay for it… But when you finally do get into that catastrophic accident, you’re going to be glad you had the insurance, or the triple A towing or rescue or flat tire or dead battery service!

It is good to pay for peace of mind!

Chase the velocity —

Patience is certainly a virtue if you think a month two months or even three months ahead, seeking a longer term gain rather than a short term one?

For example, better to capture a 10 X gain if you just wait a year rather than capturing a paltry $500 in a day or a week?

Met a new friend, he told me he bought Dogecoin maybe in 2017, and regretted selling it because he said sweet! I made 500 bucks off of this! But had he held onto his Dogecoin, it would be worth at least $700,000 or $800,000 today!

Bitcoin has been a fantastically entertaining journey ; I’m quite happy that I did not ever panic sell any bitcoin! Even one of my best friends Chris, who used to own 100 bitcoin, panic sold it in the first dip— that today will be worth a lot— at least $7M!

However now that we are chasing $100M and beyond, — even $7M seems like chump change!

Wow MSTR — even outperforming bitcoin! 

A super super interesting thought on my mind is the quote from Michael Saylor, volatility is vitality. What does that mean, why does it matter etc.?

First, typically when we think of volatility, it is in the financial realm. We think of volatility in the context of something going up and down, almost unpredictably, chaotically, crazily.

For example in the markets, we tend to think of volatility like a bad thing. Because most people cannot stomach the up and downs.

I am an interesting case because obviously I’m affected by it too. Yet now, whenever I see volatility, I’m more annoyed than anything, like the days that bitcoins down, or the days that microstrategy stock is a little bit down, it is almost more like having an annoying mosquito bite, Maybe even a tiny splinter than anything. The good thing with mosquito bites is as time goes on, we know that it will fade, although it is very annoying. Also, with the tiny splinter… Super super annoying to pick it out, but you can!

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Nuclear power

So besides Chernobyl and Fukushima, I actually think that nuclear power is a super smart idea. Certainly nobody wants nuclear fallout, but come on… It is year 2024. For a while, me and Seneca were playing with SimCity: cities of the future on the Mac, and also, we watched the cities of the future film on IMAX and also 3-D, at the California science center. It is still kind of bizarre to me… Once again, the year 2024, if I think about the film Elysium, produced by Bill Block, and starring Matt Damon, shouldn’t we kind of be living in this futuristic, cyberpunk, or massively green and beautiful bright future? Not kind of this ugly, slumlord vibes we get from watching a film like Snowpiercer?

Even often the truth is a distraction 

Anyways, about two or three days ago I was curious why bitcoin spiked so high, breaking the mythical $70,000 mark, after about 2 to 4 years of languishing. So I searched it on ChatGPT, and randomly saw that because Elon Musk tweeted it? And then I was curious, and then I kind of went down a rabbit hole, checking Elon Musk Twitter, Seeing now how he endorses Donald Trump, and then seeing the tweed video the retweeted video of the Joe Rogan podcast with Donald Trump.

Anyways, I was watching the interview, I watched about half of it, very fun and interesting and entertaining! One of the interesting things is how Joe Rogan was asking Trump about nuclear.

So to me nuclear is interesting because it is insanely high volatility like it has a lot of power. But if done right, if handled quickly, it is essential you produce practically free energy for everybody! Apparently they do it well in France I think, they just create a bunch of these mini nuclear power plants, And the French citizens benefit?

A good reason to be anti stoic 

I think about 99% stoicism is good, come on, I named my firstborn son after Seneca the younger, the great stoic sage!

Yet where stoicism fails, I call this “the life after stoicism”, is that Stoicism is too focused on hardening yourself into like a porcupine, and then eventually, it makes you unemotional or unfeeling etc. Yet what if you want to embrace this interesting strategy; put on the stoic armor, in which you don’t really suffer any downsides from life, but you could harness the volatility of life, and channel harness and reap the benefits of the upside?

Stoicism is not volatile enough. Certainly we want Stoicism to clip and hedge the downsides of life, but, you want at least 200X upside in life!

The wisdom of kids

So kind of an interesting thing I learned from Seneca, kids in general etc.; Seneca is about 3 1/2, and when he is angry or upset about something, he’ll get angry, he’ll throw stuff, stop his feet, put out a lot of high energy, start screaming and yelling, and shouting, but when we just let him get it out of his system, like for 30 seconds or a minute or so, he’ll kind of forget about it, and then start smiling again, and then being happy and proceeding like usual. Because Seneca is like happy and joyful and silly and playful and curious Like 99.999% of the time.

Adults should also mirror children 

Anyways, I almost wonder if this is a better strategy for adults as well.

I think where adults fail is that we try to be good proper and prim, I don’t know if this is like Victorian Quaker Christian ethics, we try to restrain our anger, we don’t raise our voices we don’t yell we don’t scream, we don’t throw stuff, we are told to become modest, go on a walk etc.

But I almost wonder if it was a good idea that adults we also would just let our our anger and fury as well like kids — for example if we’re angry, to just yell shot scream, stump our feet, go outside, throw around the sandbag, go to the park and take some big heavy rocks and throw them into the distance etc. Also as a funny sidenote, go on YouTube or Google and search ERIC KIM rock toss challenge, in which during Covid when all the gyms were shut down I would just go to the nearby park, find the biggest rock or Boulder I could, and just practice throwing it around etc. It might be the best workout of all time!

Don’t hold in your anger 

Anyways, the issue with adults is that when we’re angry or upset about something, we’re holding our emotions, yet we harbor this anger and resentment, this Poison, for weeks days months years decades? Even one of my uncles, considering that my grandfather had an illegitimate wife and about five or six kids all illegitimate kids on the other side, essentially ditching my mom‘s mom, and the 4 to 5 legitimate kids, anyways, apparently one of my uncles is still super super upset about this, even many years after the passing of my grandfather, my uncle saying that after getting drunk “I have no father”, referring to my already deceased grandpa.

I get it, but I almost feel like it doesn’t really matter anymore. Don’t people gotta move on?

Yeah yeah yeah, life is tough, life is sad whatever, but, I once read that resentment and anger is like drinking poison, hoping that the other person dies.

No not only is this kind of not a good strategy, it is ineffective but also foolish.

Think Achilles

For example, imagine like you’re a warrior, like you’re Achilles, or Hector, and you’re about to do the final battle. You got your spear and shield, your battle armor on. Obviously the goal is to throw your spear and kill the other guy, not to take your spear and stab yourself in spite of your enemy, hoping that somehow spearing yourself will damage the other person?

Really sick stuff

Even a more sick thing, a parent, who is frustrated with their child, not sure what to do, starts to literally beat themselves, like hitting themselves or self flagellating themselves, causing themselves some sort of self-made pain, to make the younger child feel bad? To me this is almost the most sick evil thing to do of all time because when your kid and your parent beats you, at least you could feel bad and think that your parent is a bad guy. But if your parent beats themself to spite you… You have no one else to but by yourself? 

Never spite nobody!

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Where it is wise to not trust Christianity 

The early Christian fathers, a lot of them kind of unwell people, we kind of do a similar thing, self flagellate themselves for their sins whatever, as a form of repentance or something?

But the reason why this is so sick and weird, is that once again, by hurting or damaging or poisoning yourself, you ain’t doing nothing useful.

Like for example, let us say that you did something bad or whatever, and then boom now your parents are dead or somebody you care about is dead or whatever, and then you get super depressed and you start to drink alcohol, smoke a bunch of weed, do a bunch of drugs, simply to alleviate your pain your distress your suffering. Or you start to self yourself, you start to physically beat yourself.

Now once again, this is not productive at all.

Channel volatility

So just watching the recent microstrategy earnings call, go Michael! I also like Andrew Kang and Phong Le (both I presume our Korean and Vietnamese, just like me, Seneca, and Cindy!) 

Anyways, what do you notice what super interesting was that what is so fascinating about microstrategy, it is like literally the best performing company in stock in the known human universe, is that it is also the most volatile. Whereas a typical asset might have a volatility of five, The volatility of micro strategy often exceeds 50.

Volatility is vitality, the motto of Michael Saylor.

So then I guess the tricky thing, the philosophy behind things: “Would you prefer to have higher volatility for greater yield and performance?” Or would you rather have low or no volatility, and just take boring steady gains, but far inferior gains and yields?

For me, I think 100% obvious strategy is to have higher performance, with even greater and higher volatility.

Because at the end of the day, it is probably more interesting to drive a high volatility performance vehicle, like a Lamborghini, which has more power powers and “flexiness” rather than a boring and reliable Toyota Camry?

Yet what a lot of fools do is they just park their money in some sort of blended S&P 500 derivative, because they don’t know what else to do?

Taking control of your financial destiny

Michael Saylor said his personal imperative with bitcoin, is that he believes that at least 50% of the world‘s problems and issues can be solved by fixing the money. He likens traditional money and capital as being toxic; would you give your healthy four year-old child contaminated sewer water to drink, or would you give them clean water? Or, would you take the temperature of your home, which is a cozy 73°, and turn down the thermostat by 1°, every single day, for 10 years? Obviously not, you will literally kill and freeze your family to death.  

Think scientific history & physics

I think the genius of a Michael Saylor is that he studied history of science at MIT, and also aeronautics and aerospace engineering.

So I was curious about the word volatility, and apparently it just is derived from Latin to fly, initially from the Proto into European to throw.

So certainly flying is good. I would not want to go to Seoul South Korea on a boat. Also, thinking about French colonialism, I have no idea how the French would be able to stand the boat ride from Paris all the way over to Saigon; or even worse, Thinking about Australia, the original penal colony, how in the hell did you take a boat from London all the way to Australia?

Flying is literally volatile (volaris, to fly)

Anyways, the volatility of flying, certainly flying can be dangerous, you hear the reports about the new Boeing jets, exploding or whatever. Yet nobody gives up flying.

Or let us say the dangers of driving an automobile car. Certainly there are lots of dangers associated with driving, like fatalities from car related accidents, now texting while driving, it is literally a life or that situation. You are 1 trillion times more likely to die from a car accident rather than any sort of accident resulting from a terrorist attack, or a gun related fatality.

If in fact, everyone is talking about why guns are bad and so evil and how we should ban guns or whatever. Yet nobody is talking about how we should be texting while driving, or even ban the use of a cell phone while you are in an automobile car.

If anything, if Apple really wanted to say millions of lives, I have a simple thought: by default if you buy a new phone or whatever, a new Apple ID or whatever, there should be a workflow which if it detects that you’re driving really really fast in the car, it automatically locks you out of your phone, into the do not disturb driving mode, and that if you want to access the normal mode, assuming you’re a passenger in an Uber or Tesla Robo taxi, then you could voice dictate or type I am not driving. Or “I am a passenger”.

Anyways, volatility is good. I almost wonder if volatility, voltage is the same thing? You step up and you step down there’s transformers for electricity. And this is what allows high-powered electricity to travel from phone wires, silently into your home, powering your washer and dryer your heater and air conditioning whatever. Yet nobody is trying to ban electricity.

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Channeling volatility

Bitcoin is up 507% percent over 4 years since 2020, MSTR is up 1989% since then — 5x, 19x (20x) gain since 2020

So also, a curious thing… Why is it that I have never met a female day trader? Or a female bitcoin investor?

I’ve met lots of day traders, all male, some guys at the gym at the local park whatever. It is pretty common to meet day traders who drive Uber on the side or whatever. I haven’t really met any bitcoin investors in the flesh yet, besides myself. And certainly I have never met any women who are interested in bitcoin. It is too volatile for them.

It is also too volatile for most men. Yet a simple filter, I think that for the general part, women hate volatility, most men also hate volatility but some men like myself, love volatility.

Question; are there any women who love volatility? I guess the ideas that you have sex with the rockstar, and you have the boring accountant husband at home, paying the mortgage or whatever, but it seems that most women, would not want to be in a serious financial relationship with a Starbucks barista playing music on the side.

Anyways, maybe what life is then, is the love of volatility. 

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Harnessing the upside of volatility without the downside?

So this is where things get super interesting; how can we reap the benefits of the upside, like gain 150% upside in life, while clipping the downside?

So for example, the microstrategy strategy is super super fascinating;: capturing 150% the performance of bitcoin and the upside, without the downside?

Bitcoin Treasury Company (BTC)

So how do they do this? Simply put they have access to permanent bitcoin capital. Funny enough they are dubbing themselves BTC, bitcoin treasury company, I like to just think of micro strategy as their first bitcoin bank (BB), because it is easier for mere mortals like myself to remember, but anyways, what is super fascinating about microstrategy, is because they have been in business for over 30 years, they are a real company, that first started off selling business intelligence software, and now transitioning into becoming the world‘s first 100% bitcoin company, which is effectively unstoppable at this point; even if Apple somehow bought $1 trillion worth of bitcoin, because the operating structure of Apple computer is still revolving around future projections of selling more future iPhones, Apple can never really really ever become 100% bitcoin, even if I wanted to.

December 2024: Will Microsoft purchase bitcoin? 

Oh and also as a random sidenote, I think in December, there might be discussions that Microsoft might actually start to add bitcoin to her balance sheet. This is worth noting, especially because starting January 2025, the new FASB (fasb.org) financial accounting standards board, GAAP generally accepted accounting principles — essentially companies institutions like Harvard and Yale and Brown can now add bitcoin to their balance sheet, as a treasury reserve asset. The reason why this is a big deal is for so long, bitcoin was considered fake money, and that a company could not add it to her balance sheet, proving proof of funds and reserves in the traditional sense. Now, all of these nerds who become accounting will have to learn all of these new rules, figuring out how to integrate bitcoin and other cryptocurrency assets to accounting principles.

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If Larry Fink and Blackrock think that bitcoin is real capital, it is.

The reason why this is such a big deal is that once again, people still think that bitcoin is fake money! Yet look at the Janet Yellen talk on Satoshi, and even look at Larry Fink, CEO of blackrock who owns over $10 trillion worth of assets, Larry Fink even now says that bitcoin is legitimate asset class, and I think that black rock has actually recently invested and bought a bunch more micro strategy stock. Watch the CNBC interview with Larry Fink on Bitcoin.

Study it yourself

Oh and also, a pro tip; definitely get the $20 a month ChatGPT pro, it is now the ultimate financial investment research tool; when you want to search any financials or anything, this is an insanely big deal.

Anyways, once Harvard Yale and Ivy League schools start to purchase bitcoin, or maybe even there investors, the ones that handle the endowment start to purchase microstrategy, which is essentially a conduit for purchasing bitcoin, with indirect exposure to the asset class of bitcoin, this will be a big deal.

If UCLA were smart, she would purchase BTC and Bitcoin and or microstrategy, not real estate.

How to harness the upsides of volatility without the downsides?

So this is a very big idea. Obviously the goal in life is to win, even Michael Saylor said at the end of October 30 micro strategy earnings call, that essentially, under a bitcoin strategy, everybody wins, there are no losers in the bitcoin strategy. Only varying degrees of success. 

There are no losers in life!

Philosophically, this is fantastic. Why? To me the idea that we could all win together, 100%, no losers, isn’t this the ultimate thing?

For example, I still think that the number 1 foolish way that most individuals live is that they think of life like zero sum; they think that your success means my failure, that your big dick means my small dick.

But this makes no sense because money is fake, money ain’t real, it is just a man-made construct. So if somehow you have $1 million in the bank, that doesn’t make my balance any smaller or bigger.

21M is a hard cap.

I suppose the thing that is a little bit tricky under the bitcoin standard is that because there is a hard cap of 21 million bitcoins, the ultimate strategy is indeed to own the most bitcoin at the end of the day. And this is still where I think the strategy, is to use microstrategy as a cash yield generation machine, periodically selling microstrategy stock when it is up to purchase more bitcoin, is still the best strategy.

MSTR Microstrategy as the engine in order to accumulate more Bitcoin?

MSTR -> BTC

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building and making your own micro strategy?

Currently, my new direction and past life, obviously I’ll still be doing guitar workshops etc., as it is still my number one supreme in fine passion. Yet I’m thinking about offering more workshops in the bitcoin sphere, I think I am well adjusted to this because I have Stoicism, and control on my side. Also, I am currently doing a soft lunch of black eagle capital, essentially my bitcoin hedge fund, the name behind it is inspired by the fact that I believe in the ethos of black, black canvas, all black aesthetics, and eagle, Because I was a Boy Scout eagle, also the symbol of America. If you’re interested in doing a call, shoot me an email at eric@erickim.com. It’s actually to be transparent, the strategy is to create an infinite love machine, you essentially leverage micro strategy style, And then ultimately the goal is to accumulate more bitcoin. I encourage you to just open up your own Coinbase account, and start buying bitcoins. Buy it high buy it low buy it in the middle, because 30 years from now when bitcoin is worth $22 million of bitcoin, The price of what you paid right now won’t really matter. It won’t matter if you bought it at $100,000 of bitcoin, 200,000 of bitcoin, $75,000 bitcoin, or $50,000 bitcoin. Essentially starting next year will be year one of institutional acceptance. I am almost close to 100% certain that Donald Trump will be elected president, even me, I am a liberal Democrat on the left, and even me… I don’t think I’ll be voting for Kamala Harris. Vote orange, vote bitcoin. Even worth noting the Donald Trump talk at the bitcoin 2024 conference in Nashville Tennessee, also note that Donald Trump his Tucson, Eric Trump and Baron Trump, I believe they’re actually really into bitcoin and crypto. Which is good for us, Because if you have a president that loves bitcoin crypto and also the US dollar, this will be very very good news for us Americans. And also, good for any holders of bitcoin on the planet. I also personally ethically believe that bitcoin can promote peace because it don’t matter what country you’re from, as long as you own bitcoin, we are all part of the same monetary network. I think bitcoin is a threat to the international monitor fund, Jerome Powell and the vet, which prints money like cotton candy. Even Donald Trump in his interview with Joe Rogan is talking about paying off the $35 trillion debt America has, and also Donald Trump says we will never sell our bitcoin. And also I would not be surprised if maybe, an interesting national strategy; a nation or a nation to purchase bitcoins, their Caranci? Like imagine if America owned 1 million bitcoins, or 2 million bitcoins whatever, and assuming that the US dollar was pegged to the bitcoin or back, then, the US dollar would actually reward something. People talk that bitcoin is bad for the environment whatever, this is not true. Because bitcoin minors are incentivized to produce bitcoin, at a low financial rate, it will flow into high yield energy sources like nuclear power plants, or electricity which is stranded on the edges of the grid,for example it is it is cheaper to purchase electricity by building your bitcoin mining rig somewhere in the mountains with access to a hydroelectric dam, where electricity would not be used For example, if you could somehow capture the high ball and power of hydroelectric power, which is essentially free because it is powered by gravity, then, assuming that electricity is practically free in America, certainly this will be very good for bitcoin mining and bitcoin network. And also besides cheap electricity, or free electricity, There is actually a strong entrepreneur incentive to create computers which are more deficient, because country popularly, bitcoin mining is less about electricity it is more about computer efficiency. For example the early days bitcoin, a lot of bitcoin mining was done on graphics cards, card by Nvidia, then a transition into basic, ASIC, which is not really even a computer in the traditional sense. It cannot do anything besides Solve the mathematically intense cryptography puzzles, which is essentially the proof of work concept. Also, the reason why proof of work is the path, is that work, like things need to have a real world work in order for it to be worth anything. For example you do not want to live in your fake virtual reality meta-verse, With your fake virtual reality Lamborghini, having sex with your virtual reality girlfriend, with access to your virtual reality money. For anyone who played Diablo too, you know very well that goal is not worth anything in the universe of Diablo; everyone wants the rare weapons. Before there were hacks, this would mean that you as a kid, you have you would have to spend hours upon hours of doing bail rents, Trying to wait and cross your fingers that bail would drop some sort of mythical by Vince, for you to equip yourself. And as a kid, this required real work, which meant a lot of time sitting on your computer, clicking around, and investing countless hours of time which is work, to achieve this outcome. Bitcoin and crypto is the same thing; if there’s not real human labor or physical labor or analyze energy which goes into producing the digital asset, it is not worth it. This is why you should not purchase or invest in anything that is not bitcoin Nothing else is part by proof of work. And derivatives, don’t forget Ethereum was essentially a bitcoin copycat. Ethereum is not worth anything, don’t buy it, sell your Ethereum and buy bitcoin. The best analogy is that Ethereum Pepsi. Nobody likes Pepsi. The only reason anyone would drink Pepsi was because somebody gave it to them for free. Bitcoin is like Coca-Cola, it has always been the best and will always be the best or bitcoin is like the iPhone Pro, everyone wants the iPhone, nobody wants a Google pixel, nobody wants a Samsung. And certainly nobody wants a Jui, if you’re a smart rich Chinese billionaire, come on… You have zero interest in buying a phone besides supporting the Chinese communist party. If you are any Person with any sense, you would prefer to be wearing Louis Vuitton, Gucci, Balenciaga, wearing easy sneakers, with the newest iPhone pro, driving your Lamborghini Rolls-Royce whatever. You would not want to drive a Chinese car, a Chinese phone, or even send your kids to a Chinese university. You would rather want to send your kid to a Harvard Yale or Stanford, and even… No rich Chinese person actually wants to live in Beijing or Shanghai; property in Palo Alto,, Los Angeles, or maybe Vancouver. The only thing that is stopping is control don’t forget that the Chinese yuan is essentially to the US dollar, and I think time is shown that no no no, we are not going to be speaking in Mandarin. English is international protocol as long as the US, we have at least 1000 X military supremacy over China, we will be fine. And also, when Donald Trump becomes president, he is all about the terrorist, and he’s going to become antagonist towards China, which is good for us Americans because if you put a tariff on Chinese produced goods, money talks, work week. What does that means China will not do anything to promote war with America because The rich Chinese all the guards are still dependent on manufacturing products in China, and selling it to the American market for a profit. Don’t be a dummy boy. Anyone who thinks that China is going to take over the planet is either anti-American, a communist, Likes to give fellatio to Carl Marx, is a fake woke plant based hippie, spent too much time on Reddit, and pirate Bay, spent too much time quarantine Maria Ozawa pornography, maybe they have an apple Vision Pro and the watch virtual reality pornography on their $4000 Apple Vision Pro in private. They might be single, they might not be, my own dog, they have no intention of having kids or girlfriends or a serious relationship.

And also they don’t own bitcoin.

MSTR Microstrategy as the engine *in order to* accumulate more Bitcoin?

The strategy!

*

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Long Bitcoin

CRYPTO BY KIM

Brave new world for photographers and crypto:

1. Sell Ethereum, Buy Bitcoin!
2. BUY IT ON DISCOUNT!
3. BITCOIN IS THE INTERNET 2.0?
4. ALL BITCOIN EVERYTHING
5. Self-Custody
6. HOLD OR CIRCULATE?
7. BITCOIN OR BUST
8. BITCOIN THOUGHTS
9. Bitcoin is Sexy
10. Fuck the Banks!
11. Ethereum?
12. Why Chainlink?
13. BIG AMOUNTS, SMALL AMOUNTS?
14. CRYPTO, CRYPTOCURRENCY THOUGHTS.
15. The Philosophy of Crypto
16. BITCOIN SHALL BE THE LAST CRYPTO STANDING.
17. Bitcoin Price Prediction
18. Trust chainlink for the most accurate prices for bitcoin or any other crypto
19. BITCOIN
20. There is No Web 3.0
21. 2 cents to 2 dollars?
22. Crypto.com?
23. Speculation vs Investing
24. Building with Bitcoin
25. DYNAMICS VS STATICS.
26. How Do You Know if the Timing Is Right?
27. BITCOIN IN THE NEWS
28. BITCOIN & UNCERTAINTY
29. Fake Money
30. Why I Bought More Bitcoin (Again)
31. How I Made Money with Crypto
32. Better to buy Dogecoin then buy a Tesla
33. NO LIMITS.
34. ALL DIGITAL FUTURE.
35. Digital over Physical Possessions
36. DIGIBYTE.
37. CHAINLINK.
38. The Excitement of Starting from Zero
39. HAPTIC INDUSTRIES NOW ACCEPTING CRYPTO AND BITCOIN
40. In Praise of Crypto
41. JUST BUY IT.
42. Why I’m So Bullish on Bitcoin
43. Bitcoin as the Simplest Cryptocurrency
44. Why I bought (more) bitcoin
45. Once You Become a Crypto Billionaire, Then What?
46. Why Crypto is Under-Hyped
47. The Joy of Speculation
48. BITCOIN AND CRYPTOCURRENCY FOR PHOTOGRAPHERS
49. Why I Bought Bitcoin
50. Crypto Photography
51. Crypto Thoughts
52. On Making Money from Nothing
53. BITCOIN THOUGHTS
54. Bitcoin is Sexy
55. Fuck the Banks!
56. Ethereum?
57. Why Chainlink?
58. BIG AMOUNTS, SMALL AMOUNTS?
59. CRYPTO, CRYPTOCURRENCY THOUGHTS.
60. The Philosophy of Crypto
61. BITCOIN SHALL BE THE LAST CRYPTO STANDING.
62. Bitcoin Price Prediction
63. Trust chainlink for the most accurate prices for bitcoin or any other crypto
64. BITCOIN
65. There is No Web 3.0
66. 2 cents to 2 dollars?
67. Crypto.com?
68. Speculation vs Investing
69. Building with Bitcoin
70. DYNAMICS VS STATICS.
71. How Do You Know if the Timing Is Right?
72. BITCOIN IN THE NEWS
73. BITCOIN & UNCERTAINTY
74. Fake Money
75. Why I Bought More Bitcoin (Again)
76. How I Made Money with Crypto
77. Better to buy Dogecoin then buy a Tesla
78. NO LIMITS.
79. ALL DIGITAL FUTURE.
80. Digital over Physical Possessions
81. DIGIBYTE.
82. CHAINLINK.
83. The Excitement of Starting from Zero
84. HAPTIC INDUSTRIES NOW ACCEPTING CRYPTO AND BITCOIN
85. In Praise of Crypto
86. JUST BUY IT.
87. Why I’m So Bullish on Bitcoin
88. Bitcoin as the Simplest Cryptocurrency
89. Why I bought (more) bitcoin
90. Once You Become a Crypto Billionaire, Then What?
91. Why Crypto is Under-Hyped
92. The Joy of Speculation
93. BITCOIN AND CRYPTOCURRENCY FOR PHOTOGRAPHERS
94. Why I Bought Bitcoin
95. Crypto Photography
96. Crypto Thoughts
97. On Making Money from Nothing

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***

A super super interesting thought on my mind is the quote from Michael Saylor, volatility is vitality. What does that mean, why does it matter etc.?

First, typically when we think of volatility, it is in the financial realm. We think of volatility in the context of something going up and down, almost unpredictably, chaotically, crazily.

For example in the markets, we tend to think of volatility like a bad thing. Because most people cannot stomach the up and downs.

I am an interesting case because obviously I’m affected by it too. Yet now, whenever I see volatility, I’m more annoyed than anything, like the days that bitcoins down, or the days that microstrategy stock is a little bit down, it is almost more like having an annoying mosquito bite, Maybe even a tiny splinter than anything. The good thing with mosquito bites is as time goes on, we know that it will fade, although it is very annoying. Also, with the tiny splinter… Super super annoying to pick it out, but you can!

---

Nuclear power

So besides Chernobyl and Fukushima, I actually think that nuclear power is a super smart idea. Certainly nobody wants nuclear fallout, but come on… It is year 2024. For a while, me and Seneca were playing with SimCity: cities of the future on the Mac, and also, we watched the cities of the future film on IMAX and also 3-D, at the California science center. It is still kind of bizarre to me… Once again, the year 2024, if I think about the film Elysium, produced by Bill Block, and starring Matt Damon, shouldn’t we kind of be living in this futuristic, cyberpunk, or massively green and beautiful bright future? Not kind of this ugly, slumlord vibes we get from watching a film like Snowpiercer?

Even often the truth is a distraction 

Anyways, about two or three days ago I was curious why bitcoin spiked so high, breaking the mythical $70,000 mark, after about 2 to 4 years of languishing. So I searched it on ChatGPT, and randomly saw that because Elon Musk tweeted it? And then I was curious, and then I kind of went down a rabbit hole, checking Elon Musk Twitter, Seeing now how he endorses Donald Trump, and then seeing the tweed video the retweeted video of the Joe Rogan podcast with Donald Trump.

Anyways, I was watching the interview, I watched about half of it, very fun and interesting and entertaining! One of the interesting things is how Joe Rogan was asking Trump about nuclear.

So to me nuclear is interesting because it is insanely high volatility like it has a lot of power. But if done right, if handled quickly, it is essential you produce practically free energy for everybody! Apparently they do it well in France I think, they just create a bunch of these mini nuclear power plants, And the French citizens benefit?

A good reason to be anti stoic 

I think about 99% stoicism is good, come on, I named my firstborn son after Seneca the younger, the great stoic sage!

Yet where stoicism fails, I call this “the life after stoicism”, is that Stoicism is too focused on hardening yourself into like a porcupine, and then eventually, it makes you unemotional or unfeeling etc. Yet what if you want to embrace this interesting strategy; put on the stoic armor, in which you don’t really suffer any downsides from life, but you could harness the volatility of life, and channel harness and reap the benefits of the upside?

Stoicism is not volatile enough. Certainly we want Stoicism to clip and hedge the downsides of life, but, you want at least 200X upside in life!

The wisdom of kids

So kind of an interesting thing I learned from Seneca, kids in general etc.; Seneca is about 3 1/2, and when he is angry or upset about something, he’ll get angry, he’ll throw stuff, stop his feet, put out a lot of high energy, start screaming and yelling, and shouting, but when we just let him get it out of his system, like for 30 seconds or a minute or so, he’ll kind of forget about it, and then start smiling again, and then being happy and proceeding like usual. Because Seneca is like happy and joyful and silly and playful and curious Like 99.999% of the time.

Adults should also mirror children 

Anyways, I almost wonder if this is a better strategy for adults as well.

I think where adults fail is that we try to be good proper and prim, I don’t know if this is like Victorian Quaker Christian ethics, we try to restrain our anger, we don’t raise our voices we don’t yell we don’t scream, we don’t throw stuff, we are told to become modest, go on a walk etc.

But I almost wonder if it was a good idea that adults we also would just let our our anger and fury as well like kids — for example if we’re angry, to just yell shot scream, stump our feet, go outside, throw around the sandbag, go to the park and take some big heavy rocks and throw them into the distance etc. Also as a funny sidenote, go on YouTube or Google and search ERIC KIM rock toss challenge, in which during Covid when all the gyms were shut down I would just go to the nearby park, find the biggest rock or Boulder I could, and just practice throwing it around etc. It might be the best workout of all time!

Don’t hold in your anger 

Anyways, the issue with adults is that when we’re angry or upset about something, we’re holding our emotions, yet we harbor this anger and resentment, this Poison, for weeks days months years decades? Even one of my uncles, considering that my grandfather had an illegitimate wife and about five or six kids all illegitimate kids on the other side, essentially ditching my mom‘s mom, and the 4 to 5 legitimate kids, anyways, apparently one of my uncles is still super super upset about this, even many years after the passing of my grandfather, my uncle saying that after getting drunk “I have no father”, referring to my already deceased grandpa.

I get it, but I almost feel like it doesn’t really matter anymore. Don’t people gotta move on?

Yeah yeah yeah, life is tough, life is sad whatever, but, I once read that resentment and anger is like drinking poison, hoping that the other person dies.

No not only is this kind of not a good strategy, it is ineffective but also foolish.

Think Achilles

For example, imagine like you’re a warrior, like you’re Achilles, or Hector, and you’re about to do the final battle. You got your spear and shield, your battle armor on. Obviously the goal is to throw your spear and kill the other guy, not to take your spear and stab yourself in spite of your enemy, hoping that somehow spearing yourself will damage the other person?

Really sick stuff

Even a more sick thing, a parent, who is frustrated with their child, not sure what to do, starts to literally beat themselves, like hitting themselves or self flagellating themselves, causing themselves some sort of self-made pain, to make the younger child feel bad? To me this is almost the most sick evil thing to do of all time because when your kid and your parent beats you, at least you could feel bad and think that your parent is a bad guy. But if your parent beats themself to spite you… You have no one else to but by yourself? 

Never spite nobody!

---

Where it is wise to not trust Christianity 

The early Christian fathers, a lot of them kind of unwell people, we kind of do a similar thing, self flagellate themselves for their sins whatever, as a form of repentance or something?

But the reason why this is so sick and weird, is that once again, by hurting or damaging or poisoning yourself, you ain’t doing nothing useful.

Like for example, let us say that you did something bad or whatever, and then boom now your parents are dead or somebody you care about is dead or whatever, and then you get super depressed and you start to drink alcohol, smoke a bunch of weed, do a bunch of drugs, simply to alleviate your pain your distress your suffering. Or you start to self yourself, you start to physically beat yourself.

Now once again, this is not productive at all.

Channel volatility

So just watching the recent microstrategy earnings call, go Michael! I also like Andrew Kang and Phong Le (both I presume our Korean and Vietnamese, just like me, Seneca, and Cindy!) 

Anyways, what do you notice what super interesting was that what is so fascinating about microstrategy, it is like literally the best performing company in stock in the known human universe, is that it is also the most volatile. Whereas a typical asset might have a volatility of five, The volatility of micro strategy often exceeds 50.

Volatility is vitality, the motto of Michael Saylor.

So then I guess the tricky thing, the philosophy behind things: “Would you prefer to have higher volatility for greater yield and performance?” Or would you rather have low or no volatility, and just take boring steady gains, but far inferior gains and yields?

For me, I think 100% obvious strategy is to have higher performance, with even greater and higher volatility.

Because at the end of the day, it is probably more interesting to drive a high volatility performance vehicle, like a Lamborghini, which has more power powers and “flexiness” rather than a boring and reliable Toyota Camry?

Yet what a lot of fools do is they just park their money in some sort of blended S&P 500 derivative, because they don’t know what else to do?

Taking control of your financial destiny

Michael Saylor said his personal imperative with bitcoin, is that he believes that at least 50% of the world‘s problems and issues can be solved by fixing the money. He likens traditional money and capital as being toxic; would you give your healthy four year-old child contaminated sewer water to drink, or would you give them clean water? Or, would you take the temperature of your home, which is a cozy 73°, and turn down the thermostat by 1°, every single day, for 10 years? Obviously not, you will literally kill and freeze your family to death.  

Think scientific history & physics

I think the genius of a Michael Saylor is that he studied history of science at MIT, and also aeronautics and aerospace engineering.

So I was curious about the word volatility, and apparently it just is derived from Latin to fly, initially from the Proto into European to throw.

So certainly flying is good. I would not want to go to Seoul South Korea on a boat. Also, thinking about French colonialism, I have no idea how the French would be able to stand the boat ride from Paris all the way over to Saigon; or even worse, Thinking about Australia, the original penal colony, how in the hell did you take a boat from London all the way to Australia?

Flying is literally volatile (volaris, to fly)

Anyways, the volatility of flying, certainly flying can be dangerous, you hear the reports about the new Boeing jets, exploding or whatever. Yet nobody gives up flying.

Or let us say the dangers of driving an automobile car. Certainly there are lots of dangers associated with driving, like fatalities from car related accidents, now texting while driving, it is literally a life or that situation. You are 1 trillion times more likely to die from a car accident rather than any sort of accident resulting from a terrorist attack, or a gun related fatality.

If in fact, everyone is talking about why guns are bad and so evil and how we should ban guns or whatever. Yet nobody is talking about how we should be texting while driving, or even ban the use of a cell phone while you are in an automobile car.

If anything, if Apple really wanted to say millions of lives, I have a simple thought: by default if you buy a new phone or whatever, a new Apple ID or whatever, there should be a workflow which if it detects that you’re driving really really fast in the car, it automatically locks you out of your phone, into the do not disturb driving mode, and that if you want to access the normal mode, assuming you’re a passenger in an Uber or Tesla Robo taxi, then you could voice dictate or type I am not driving. Or “I am a passenger”.

Anyways, volatility is good. I almost wonder if volatility, voltage is the same thing? You step up and you step down there’s transformers for electricity. And this is what allows high-powered electricity to travel from phone wires, silently into your home, powering your washer and dryer your heater and air conditioning whatever. Yet nobody is trying to ban electricity.

---

Channeling volatility

Bitcoin is up 507% percent over 4 years since 2020, MSTR is up 1989% since then — 5x, 19x (20x) gain since 2020

So also, a curious thing… Why is it that I have never met a female day trader? Or a female bitcoin investor?

I’ve met lots of day traders, all male, some guys at the gym at the local park whatever. It is pretty common to meet day traders who drive Uber on the side or whatever. I haven’t really met any bitcoin investors in the flesh yet, besides myself. And certainly I have never met any women who are interested in bitcoin. It is too volatile for them.

It is also too volatile for most men. Yet a simple filter, I think that for the general part, women hate volatility, most men also hate volatility but some men like myself, love volatility.

Question; are there any women who love volatility? I guess the ideas that you have sex with the rockstar, and you have the boring accountant husband at home, paying the mortgage or whatever, but it seems that most women, would not want to be in a serious financial relationship with a Starbucks barista playing music on the side.

Anyways, maybe what life is then, is the love of volatility. 

---

Harnessing the upside of volatility without the downside?

So this is where things get super interesting; how can we reap the benefits of the upside, like gain 150% upside in life, while clipping the downside?

So for example, the microstrategy strategy is super super fascinating;: capturing 150% the performance of bitcoin and the upside, without the downside?

Bitcoin Treasury Company (BTC)

So how do they do this? Simply put they have access to permanent bitcoin capital. Funny enough they are dubbing themselves BTC, bitcoin treasury company, I like to just think of micro strategy as their first bitcoin bank (BB), because it is easier for mere mortals like myself to remember, but anyways, what is super fascinating about microstrategy, is because they have been in business for over 30 years, they are a real company, that first started off selling business intelligence software, and now transitioning into becoming the world‘s first 100% bitcoin company, which is effectively unstoppable at this point; even if Apple somehow bought $1 trillion worth of bitcoin, because the operating structure of Apple computer is still revolving around future projections of selling more future iPhones, Apple can never really really ever become 100% bitcoin, even if I wanted to.

December 2024

Oh and also as a random sidenote, I think in December, there might be discussions that Microsoft might actually start to add bitcoin to her balance sheet. This is worth noting, especially because starting January 2025, the new FASB (fasb.org) financial accounting standards board, GAAP generally accepted accounting principles — essentially companies institutions like Harvard and Yale and Brown can now add bitcoin to their balance sheet, as a treasury reserve asset. The reason why this is a big deal is for so long, bitcoin was considered fake money, and that a company could not add it to her balance sheet, proving proof of funds and reserves in the traditional sense. Now, all of these nerds who become accounting will have to learn all of these new rules, figuring out how to integrate bitcoin and other cryptocurrency assets to accounting principles.

---

The reason why this is such a big deal is that once again, people still think that bitcoin is fake money! Yet look at the Janet yell and talk, and even look at Larry Fink, CEO of black rock who owns over $10 trillion worth of assets, Larry Fink even now says that bitcoin is legitimate asset class, and I think that black rock has actually recently invested and bought a bunch more micro strategy stock. 

Oh and also, a pro tip; definitely get the $20 a month ChatGPT pro, it is now the ultimate financial investment research tool; when you want to search any financials or anything, this is an insanely big deal.

 Anyways, once Harvard Yale and Ivy League schools start to purchase bitcoin, or maybe even there investors, the ones that handle the endowment start to purchase micro strategy, which is essentially a conduit for purchasing bitcoin, with indirect exposure to the asset class of bitcoin,  this will be a big deal.

How to harness the upsides of volatility without the downsides?

So this is a very big idea. Obviously the goal in life is to win, even Michael Saylor said at the end of October 30 micro strategy earnings call, that essentially, under a bitcoin strategy, everybody wins, there are no losers in the bitcoin strategy. Only varying degrees of success. 

Philosophically, this is fantastic. Why? To me the idea that we could all win together, 100%, no losers, isn’t this the ultimate thing?

For example, I still think that the number 1 Foolish Way that most individuals live is that they think of life like zero; they think that your success means my failure, that you’re a big dick means my small dick.

But this makes no sense because money is fake, money ain’t real, it is just a man-made construct. So if somehow you have $1 million in the bank, that doesn’t make my balance any smaller or bigger.

I suppose the thing that is a little bit tricky under the bitcoin standard is that because there is a hard cap of 21 million bitcoins, ultimate strategy is indeed to own the most bitcoin at the end of the day. And this is still where I think the strategy, is to use micro strategy as a cash yield generation machine, periodically selling micro strategy stock when it is up to purchase more bitcoin, is still the best strategy.

---

building and making your own micro strategy?

Currently, my new direction and past life, obviously I’ll still be doing guitar workshops etc., as it is still my number one supreme in fine passion. Yet I’m thinking about offering more workshops in the bitcoin sphere, I think I am well adjusted to this because I have Stoicism, and control on my side. Also, I am currently doing a soft lunch of black eagle capital, essentially my bitcoin hedge fund, the name behind it is inspired by the fact that I believe in the ethos of black, black canvas, all black aesthetics, and eagle, Because I was a Boy Scout eagle, also the symbol of America. If you’re interested in doing a call, shoot me an email at eric@erickim.com. It’s actually to be transparent, the strategy is to create an infinite love machine, you essentially leverage micro strategy style, And then ultimately the goal is to accumulate more bitcoin. I encourage you to just open up your own Coinbase account, and start buying bitcoins. Buy it high buy it low buy it in the middle, because 30 years from now when bitcoin is worth $22 million of bitcoin, The price of what you paid right now won’t really matter. It won’t matter if you bought it at $100,000 of bitcoin, 200,000 of bitcoin, $75,000 bitcoin, or $50,000 bitcoin. Essentially starting next year will be year one of institutional acceptance. I am almost close to 100% certain that Donald Trump will be elected president, even me, I am a liberal Democrat on the left, and even me… I don’t think I’ll be voting for Kamala Harris. Vote orange, vote bitcoin. Even worth noting the Donald Trump talk at the bitcoin 2024 conference in Nashville Tennessee, also note that Donald Trump his Tucson, Eric Trump and Baron Trump, I believe they’re actually really into bitcoin and crypto. Which is good for us, Because if you have a president that loves bitcoin crypto and also the US dollar, this will be very very good news for us Americans. And also, good for any holders of bitcoin on the planet. I also personally ethically believe that bitcoin can promote peace because it don’t matter what country you’re from, as long as you own bitcoin, we are all part of the same monetary network. I think bitcoin is a threat to the international monitor fund, Jerome Powell and the vet, which prints money like cotton candy. Even Donald Trump in his interview with Joe Rogan is talking about paying off the $35 trillion debt America has, and also Donald Trump says we will never sell our bitcoin. And also I would not be surprised if maybe, an interesting national strategy; a nation or a nation to purchase bitcoins, their Caranci? Like imagine if America owned 1 million bitcoins, or 2 million bitcoins whatever, and assuming that the US dollar was pegged to the bitcoin or back, then, the US dollar would actually reward something. People talk that bitcoin is bad for the environment whatever, this is not true. Because bitcoin minors are incentivized to produce bitcoin, at a low financial rate, it will flow into high yield energy sources like nuclear power plants, or electricity which is stranded on the edges of the grid,for example it is it is cheaper to purchase electricity by building your bitcoin mining rig somewhere in the mountains with access to a hydroelectric dam, where electricity would not be used For example, if you could somehow capture the high ball and power of hydroelectric power, which is essentially free because it is powered by gravity, then, assuming that electricity is practically free in America, certainly this will be very good for bitcoin mining and bitcoin network. And also besides cheap electricity, or free electricity, There is actually a strong entrepreneur incentive to create computers which are more deficient, because country popularly, bitcoin mining is less about electricity it is more about computer efficiency. For example the early days bitcoin, a lot of bitcoin mining was done on graphics cards, card by Nvidia, then a transition into basic, ASIC, which is not really even a computer in the traditional sense. It cannot do anything besides Solve the mathematically intense cryptography puzzles, which is essentially the proof of work concept. Also, the reason why proof of work is the path, is that work, like things need to have a real world work in order for it to be worth anything. For example you do not want to live in your fake virtual reality meta-verse, With your fake virtual reality Lamborghini, having sex with your virtual reality girlfriend, with access to your virtual reality money. For anyone who played Diablo too, you know very well that goal is not worth anything in the universe of Diablo; everyone wants the rare weapons. Before there were hacks, this would mean that you as a kid, you have you would have to spend hours upon hours of doing bail rents, Trying to wait and cross your fingers that bail would drop some sort of mythical by Vince, for you to equip yourself. And as a kid, this required real work, which meant a lot of time sitting on your computer, clicking around, and investing countless hours of time which is work, to achieve this outcome. Bitcoin and crypto is the same thing; if there’s not real human labor or physical labor or analyze energy which goes into producing the digital asset, it is not worth it. This is why you should not purchase or invest in anything that is not bitcoin Nothing else is part by proof of work. And derivatives, don’t forget Ethereum was essentially a bitcoin copycat. Ethereum is not worth anything, don’t buy it, sell your Ethereum and buy bitcoin. The best analogy is that Ethereum Pepsi. Nobody likes Pepsi. The only reason anyone would drink Pepsi was because somebody gave it to them for free. Bitcoin is like Coca-Cola, it has always been the best and will always be the best or bitcoin is like the iPhone Pro, everyone wants the iPhone, nobody wants a Google pixel, nobody wants a Samsung. And certainly nobody wants a Jui, if you’re a smart rich Chinese billionaire, come on… You have zero interest in buying a phone besides supporting the Chinese communist party. If you are any Person with any sense, you would prefer to be wearing Louis Vuitton, Gucci, Balenciaga, wearing easy sneakers, with the newest iPhone pro, driving your Lamborghini Rolls-Royce whatever. You would not want to drive a Chinese car, a Chinese phone, or even send your kids to a Chinese university. You would rather want to send your kid to a Harvard Yale or Stanford, and even… No rich Chinese person actually wants to live in Beijing or Shanghai; property in Palo Alto,, Los Angeles, or maybe Vancouver. The only thing that is stopping is control don’t forget that the Chinese yuan is essentially to the US dollar, and I think time is shown that no no no, we are not going to be speaking in Mandarin. English is international protocol as long as the US, we have at least 1000 X military supremacy over China, we will be fine. And also, when Donald Trump becomes president, he is all about the terrorist, and he’s going to become antagonist towards China, which is good for us Americans because if you put a tariff on Chinese produced goods, money talks, work week. What does that means China will not do anything to promote war with America because The rich Chinese all the guards are still dependent on manufacturing products in China, and selling it to the American market for a profit. Don’t be a dummy boy. Anyone who thinks that China is going to take over the planet is either anti-American, a communist, Likes to give fellatio to Carl Marx, is a fake woke plant based hippie, spent too much time on Reddit, and pirate Bay, spent too much time quarantine Maria Ozawa pornography, maybe they have an apple Vision Pro and the watch virtual reality pornography on their $4000 Apple Vision Pro in private. They might be single, they might not be, my own dog, they have no intention of having kids or girlfriends or a serious relationship.

And also they don’t own bitcoin.

A super super interesting thought on my mind is the quote from Michael Saylor, volatility is vitality. What does that mean, why does it matter etc.?

First, typically when we think of volatility, it is in the financial realm. We think of volatility in the context of something going up and down, almost unpredictably, chaotically, crazily.

For example in the markets, we tend to think of volatility like a bad thing. Because most people cannot stomach the up and downs.

I am an interesting case because obviously I’m affected by it too. Yet now, whenever I see volatility, I’m more annoyed than anything, like the days that bitcoins down, or the days that microstrategy stock is a little bit down, it is almost more like having an annoying mosquito bite, Maybe even a tiny splinter than anything. The good thing with mosquito bites is as time goes on, we know that it will fade, although it is very annoying. Also, with the tiny splinter… Super super annoying to pick it out, but you can!

---

Nuclear power

So besides Chernobyl and Fukushima, I actually think that nuclear power is a super smart idea. Certainly nobody wants nuclear fallout, but come on… It is year 2024. For a while, me and Seneca were playing with SimCity: cities of the future on the Mac, and also, we watched the cities of the future film on IMAX and also 3-D, at the California science center. It is still kind of bizarre to me… Once again, the year 2024, if I think about the film Elysium, produced by Bill Block, and starring Matt Damon, shouldn’t we kind of be living in this futuristic, cyberpunk, or massively green and beautiful bright future? Not kind of this ugly, slumlord vibes we get from watching a film like Snowpiercer?

Even often the truth is a distraction 

Anyways, about two or three days ago I was curious why bitcoin spiked so high, breaking the mythical $70,000 mark, after about 2 to 4 years of languishing. So I searched it on ChatGPT, and randomly saw that because Elon Musk tweeted it? And then I was curious, and then I kind of went down a rabbit hole, checking Elon Musk Twitter, Seeing now how he endorses Donald Trump, and then seeing the tweed video the retweeted video of the Joe Rogan podcast with Donald Trump.

Anyways, I was watching the interview, I watched about half of it, very fun and interesting and entertaining! One of the interesting things is how Joe Rogan was asking Trump about nuclear.

So to me nuclear is interesting because it is insanely high volatility like it has a lot of power. But if done right, if handled quickly, it is essential you produce practically free energy for everybody! Apparently they do it well in France I think, they just create a bunch of these mini nuclear power plants, And the French citizens benefit?

A good reason to be anti stoic 

I think about 99% stoicism is good, come on, I named my firstborn son after Seneca the younger, the great stoic sage!

Yet where stoicism fails, I call this “the life after stoicism”, is that Stoicism is too focused on hardening yourself into like a porcupine, and then eventually, it makes you unemotional or unfeeling etc. Yet what if you want to embrace this interesting strategy; put on the stoic armor, in which you don’t really suffer any downsides from life, but you could harness the volatility of life, and channel harness and reap the benefits of the upside?

Stoicism is not volatile enough. Certainly we want Stoicism to clip and hedge the downsides of life, but, you want at least 200X upside in life!

The wisdom of kids

So kind of an interesting thing I learned from Seneca, kids in general etc.; Seneca is about 3 1/2, and when he is angry or upset about something, he’ll get angry, he’ll throw stuff, stop his feet, put out a lot of high energy, start screaming and yelling, and shouting, but when we just let him get it out of his system, like for 30 seconds or a minute or so, he’ll kind of forget about it, and then start smiling again, and then being happy and proceeding like usual. Because Seneca is like happy and joyful and silly and playful and curious Like 99.999% of the time.

Adults should also mirror children 

Anyways, I almost wonder if this is a better strategy for adults as well.

I think where adults fail is that we try to be good proper and prim, I don’t know if this is like Victorian Quaker Christian ethics, we try to restrain our anger, we don’t raise our voices we don’t yell we don’t scream, we don’t throw stuff, we are told to become modest, go on a walk etc.

But I almost wonder if it was a good idea that adults we also would just let our our anger and fury as well like kids — for example if we’re angry, to just yell shot scream, stump our feet, go outside, throw around the sandbag, go to the park and take some big heavy rocks and throw them into the distance etc. Also as a funny sidenote, go on YouTube or Google and search ERIC KIM rock toss challenge, in which during Covid when all the gyms were shut down I would just go to the nearby park, find the biggest rock or Boulder I could, and just practice throwing it around etc. It might be the best workout of all time!

Don’t hold in your anger 

Anyways, the issue with adults is that when we’re angry or upset about something, we’re holding our emotions, yet we harbor this anger and resentment, this Poison, for weeks days months years decades? Even one of my uncles, considering that my grandfather had an illegitimate wife and about five or six kids all illegitimate kids on the other side, essentially ditching my mom‘s mom, and the 4 to 5 legitimate kids, anyways, apparently one of my uncles is still super super upset about this, even many years after the passing of my grandfather, my uncle saying that after getting drunk “I have no father”, referring to my already deceased grandpa.

I get it, but I almost feel like it doesn’t really matter anymore. Don’t people gotta move on?

Yeah yeah yeah, life is tough, life is sad whatever, but, I once read that resentment and anger is like drinking poison, hoping that the other person dies.

No not only is this kind of not a good strategy, it is ineffective but also foolish.

Think Achilles

For example, imagine like you’re a warrior, like you’re Achilles, or Hector, and you’re about to do the final battle. You got your spear and shield, your battle armor on. Obviously the goal is to throw your spear and kill the other guy, not to take your spear and stab yourself in spite of your enemy, hoping that somehow spearing yourself will damage the other person?

Really sick stuff

Even a more sick thing, a parent, who is frustrated with their child, not sure what to do, starts to literally beat themselves, like hitting themselves or self flagellating themselves, causing themselves some sort of self-made pain, to make the younger child feel bad? To me this is almost the most sick evil thing to do of all time because when your kid and your parent beats you, at least you could feel bad and think that your parent is a bad guy. But if your parent beats themself to spite you… You have no one else to but by yourself? 

Never spite nobody!

---

Where it is wise to not trust Christianity 

The early Christian fathers, a lot of them kind of unwell people, we kind of do a similar thing, self flagellate themselves for their sins whatever, as a form of repentance or something?

But the reason why this is so sick and weird, is that once again, by hurting or damaging or poisoning yourself, you ain’t doing nothing useful.

Like for example, let us say that you did something bad or whatever, and then boom now your parents are dead or somebody you care about is dead or whatever, and then you get super depressed and you start to drink alcohol, smoke a bunch of weed, do a bunch of drugs, simply to alleviate your pain your distress your suffering. Or you start to self yourself, you start to physically beat yourself.

Now once again, this is not productive at all.

Channel volatility

So just watching the recent micro strategy earnings call, call Michael! I also like Andrew Kang and Phong Le (both I presume our Korean and Vietnamese, just like me, Seneca, and Cindy!) 

Anyways, what do you notice what super interesting was that what is so fascinating about micro strategy, it is like literally the best performing company in stock in the known human universe, is that it is also the most volatile. Whereas a typical asset might have a volatility of five, The volatility of micro strategy often exceeds 50.

Volatility is vitality, the motto of Michael Saylor.

So then I guess the tricky thing, the philosophy behind things: “would you prefer to have higher volatility for greater yield and performance? Or would you rather have low or no volatility, and just take boring steady gains, but far inferior gains and yields?

 for me, I think 100% obvious strategy is to have higher performance, would even greater and higher volatility.

Because at the end of the day, it is probably more interesting to drive a high volatility performance vehicle, like a Lamborghini, which has more power powers and “flexiness” rather than a boring and reliable Toyota Camry?

Yet what a lot of fools do is they just park their money in some sort of blended S&P 500 derivative, because they don’t know what else to do?

Taking control of your financial destiny

Michael Saylor said his personal imperative with bitcoin, is that he believes that at least 50% of the world‘s problems and issues can be solved by fixing the money. He likes traditional money in capital as being toxic; would you give your healthy four year-old child contaminated sewer water to drink, or would you give them clean water? or, would you take the temperature of your home, which is a cozy 73°, and turn down the thermostat by 1°, every single day, for 10 years? Obviously not, you will literally kill and freeze your family to death.  

I think the genius of a Michael Saylor is that he studied history of science at MIT, and also aeronautics and aerospace engineering.

 so I was curious about the word volatility, and apparently it just is derived from Latin to fly, initially from the Proto into European to throw.

So certainly flying is good. I would not want to go to Seoul South Korea on a boat. Also, thinking about French colonialism, I have no idea how the French would be able to stand the boat ride from Paris all the way over to Saigon; or even worse, Thinking about Australia, the original penal colony, how in the hell did you take a boat from London all the way to Australia?

Anyways, the vitality flying, certainly flying can be dangerous, you hear the reports about the new Boeing jets, exploding or whatever. Yet nobody gives up flying.

Or let us say the dangers of driving an automobile car. Certainly there are lots of dangers associated with driving, like fatalities from car related accidents, now texting while driving, it is literally a life for that situation. You are 1 trillion times more likely to die from a car accident rather than any sort of Accident resulting from a terrorist attack, or a gun related fatality. If in fact, everyone is talking about why guns are bad and so evil and how we should be in guns or whatever. Yet nobody is talking about how we should be texting while driving, or even ban The use of a cell phone while you are in an automobile car. If anything, if Apple really wanted to say millions of lives, I have a simple thought: by default if you buy a new phone or whatever, a new Apple ID or whatever, There should be a workflow which if it detects that you’re driving really really fast in the car, it automatically love you out of your phone, into the do not disturb driving mode, and that if you want to access the normal mode, assuming you’re a passenger in an Uber or Tesla Robo taxi, then you could voice dictate or type I am not driving. Or I am a passenger.

Anyways, volatility is good. I almost wonder if volatility, voltage is the same thing? You step up and you step down there’s transformers for electricity. And this is what allows high-powered electricity to travel from phone wires, silently into your home, powering your washer and dryer your heater and air conditioning whatever. Yet nobody is trying to ban electricity.

Channeling volatility

So also, all those curious… Why is it that I have never met a female day trader? Or a female bitcoin investor?

I’ve met lots of day traders, all mail, some guys at the gym at the local park whatever. It is pretty common to meet day traders, Who Dr., Uber on the side or whatever. I haven’t really met any bitcoin investors in the flesh yet, besides myself. And certainly I have never met any women who are interested in bitcoin. It is too volatile for them.

It is also too volatile for most men. Yet a simple filter, I think that for the general part, women hate volatility, most men also hate volatility but some men like myself, love volatility.

Question; are there any women who love volatility? I guess the ideas that you have sex with the rockstar, and you have the boring accountant husband at home, paying the mortgage or whatever, but it seems that most women, would not want to be in a serious financial relationship with a Starbucks barista playing music on the side.

Anyways, maybe what life is then, is the love of volatility. 

Harnessing the upside of volatility without the downside?

So this is where things get super interesting; how can reap the benefits of the upside, like gain 150% upside in life, while clipping the downside?

So for example, the micro strategy strategy is super super fascinating;: capturing 150% the performance of bitcoin and the upside, without the downside?

So how do they do this? Simply put they have access to permanent bitcoin capital. Funny enough they are dubbing themselves BTC, bitcoin treasury company, I like to just think of micro strategy as their first bitcoin bank (BB), because it is easier for mere mortals like myself to remember, but anyways, what is super fascinating about micro strategy, is because they have been in business for over 30 years, they are a real company, that first started off selling business intelligence software, and now transitioning into becoming the world‘s first 100% bitcoin company, which is effectively unstoppable at this point; even if Apple somehow bought $1 trillion worth of bitcoin, because the operating structure of Apple computer is still revolving around future projections of selling more future iPhones, Apple can never really really ever become 100% bitcoin, even if I wanted to.

Oh and also as a random sidenote, I think in December, our discussions that Microsoft might actually start to add bitcoin to her balance sheet. This is worth noting, especially because starting January 2025, the new FASB (fasb.org) financial accounting standards board, GAAP generally accepted accounting principles — essentially companies institutions like Harvard and Yale and Brown Kang now add bitcoin to their balance sheet, as a treasury reserve asset. The reason why this is a big deal is for so long, bitcoin was considered fake money, and that a company could not add it to her balance sheet, proving proof of funds and reserves in the traditional sense. Now, all of these nerds who become accounting will have to learn all of these new rules, figuring out how to integrate bitcoin and other cryptocurrency assets to accounting principles.

The reason why this is such a big deal is that once again, people still think that bitcoin is fake money! Yet look at the Janet yell and talk, and even look at Larry Fink, CEO of black rock who owns over $10 trillion worth of assets, Larry Fink even now says that bitcoin is legitimate asset class, and I think that black rock has actually recently invested and bought a bunch more micro strategy stock. 

Oh and also, a pro tip; definitely get the $20 a month ChatGPT pro, it is now the ultimate financial investment research tool; when you want to search any financials or anything, this is an insanely big deal.

 Anyways, once Harvard Yale and Ivy League schools start to purchase bitcoin, or maybe even there investors, the ones that handle the endowment start to purchase micro strategy, which is essentially a conduit for purchasing bitcoin, with indirect exposure to the asset class of bitcoin,  this will be a big deal.

How to harness the upsides of volatility without the downsides?

So this is a very big idea. Obviously the goal in life is to win, even Michael Saylor said at the end of October 30 micro strategy earnings call, that essentially, under a bitcoin strategy, everybody wins, there are no losers in the bitcoin strategy. Only varying degrees of success. 

Philosophically, this is fantastic. Why? To me the idea that we could all win together, 100%, no losers, isn’t this the ultimate thing?

For example, I still think that the number 1 Foolish Way that most individuals live is that they think of life like zero; they think that your success means my failure, that you’re a big dick means my small dick.

But this makes no sense because money is fake, money ain’t real, it is just a man-made construct. So if somehow you have $1 million in the bank, that doesn’t make my balance any smaller or bigger.

I suppose the thing that is a little bit tricky under the bitcoin standard is that because there is a hard cap of 21 million bitcoins, ultimate strategy is indeed to own the most bitcoin at the end of the day. And this is still where I think the strategy, is to use micro strategy as a cash yield generation machine, periodically selling micro strategy stock when it is up to purchase more bitcoin, is still the best strategy.

---

building and making your own micro strategy?

Currently, my new direction and past life, obviously I’ll still be doing guitar workshops etc., as it is still my number one supreme in fine passion. Yet I’m thinking about offering more workshops in the bitcoin sphere, I think I am well adjusted to this because I have Stoicism, and control on my side. Also, I am currently doing a soft lunch of black eagle capital, essentially my bitcoin hedge fund, the name behind it is inspired by the fact that I believe in the ethos of black, black canvas, all black aesthetics, and eagle, Because I was a Boy Scout eagle, also the symbol of America. If you’re interested in doing a call, shoot me an email at eric@erickim.com. It’s actually to be transparent, the strategy is to create an infinite love machine, you essentially leverage micro strategy style, And then ultimately the goal is to accumulate more bitcoin. I encourage you to just open up your own Coinbase account, and start buying bitcoins. Buy it high buy it low buy it in the middle, because 30 years from now when bitcoin is worth $22 million of bitcoin, The price of what you paid right now won’t really matter. It won’t matter if you bought it at $100,000 of bitcoin, 200,000 of bitcoin, $75,000 bitcoin, or $50,000 bitcoin. Essentially starting next year will be year one of institutional acceptance. I am almost close to 100% certain that Donald Trump will be elected president, even me, I am a liberal Democrat on the left, and even me… I don’t think I’ll be voting for Kamala Harris. Vote orange, vote bitcoin. Even worth noting the Donald Trump talk at the bitcoin 2024 conference in Nashville Tennessee, also note that Donald Trump his Tucson, Eric Trump and Baron Trump, I believe they’re actually really into bitcoin and crypto. Which is good for us, Because if you have a president that loves bitcoin crypto and also the US dollar, this will be very very good news for us Americans. And also, good for any holders of bitcoin on the planet. I also personally ethically believe that bitcoin can promote peace because it don’t matter what country you’re from, as long as you own bitcoin, we are all part of the same monetary network. I think bitcoin is a threat to the international monitor fund, Jerome Powell and the vet, which prints money like cotton candy. Even Donald Trump in his interview with Joe Rogan is talking about paying off the $35 trillion debt America has, and also Donald Trump says we will never sell our bitcoin. And also I would not be surprised if maybe, an interesting national strategy; a nation or a nation to purchase bitcoins, their Caranci? Like imagine if America owned 1 million bitcoins, or 2 million bitcoins whatever, and assuming that the US dollar was pegged to the bitcoin or back, then, the US dollar would actually reward something. People talk that bitcoin is bad for the environment whatever, this is not true. Because bitcoin minors are incentivized to produce bitcoin, at a low financial rate, it will flow into high yield energy sources like nuclear power plants, or electricity which is stranded on the edges of the grid,for example it is it is cheaper to purchase electricity by building your bitcoin mining rig somewhere in the mountains with access to a hydroelectric dam, where electricity would not be used For example, if you could somehow capture the high ball and power of hydroelectric power, which is essentially free because it is powered by gravity, then, assuming that electricity is practically free in America, certainly this will be very good for bitcoin mining and bitcoin network. And also besides cheap electricity, or free electricity, There is actually a strong entrepreneur incentive to create computers which are more deficient, because country popularly, bitcoin mining is less about electricity it is more about computer efficiency. For example the early days bitcoin, a lot of bitcoin mining was done on graphics cards, card by Nvidia, then a transition into basic, ASIC, which is not really even a computer in the traditional sense. It cannot do anything besides Solve the mathematically intense cryptography puzzles, which is essentially the proof of work concept. Also, the reason why proof of work is the path, is that work, like things need to have a real world work in order for it to be worth anything. For example you do not want to live in your fake virtual reality meta-verse, With your fake virtual reality Lamborghini, having sex with your virtual reality girlfriend, with access to your virtual reality money. For anyone who played Diablo too, you know very well that goal is not worth anything in the universe of Diablo; everyone wants the rare weapons. Before there were hacks, this would mean that you as a kid, you have you would have to spend hours upon hours of doing bail rents, Trying to wait and cross your fingers that bail would drop some sort of mythical by Vince, for you to equip yourself. And as a kid, this required real work, which meant a lot of time sitting on your computer, clicking around, and investing countless hours of time which is work, to achieve this outcome. Bitcoin and crypto is the same thing; if there’s not real human labor or physical labor or analyze energy which goes into producing the digital asset, it is not worth it. This is why you should not purchase or invest in anything that is not bitcoin Nothing else is part by proof of work. And derivatives, don’t forget Ethereum was essentially a bitcoin copycat. Ethereum is not worth anything, don’t buy it, sell your Ethereum and buy bitcoin. The best analogy is that Ethereum Pepsi. Nobody likes Pepsi. The only reason anyone would drink Pepsi was because somebody gave it to them for free. Bitcoin is like Coca-Cola, it has always been the best and will always be the best or bitcoin is like the iPhone Pro, everyone wants the iPhone, nobody wants a Google pixel, nobody wants a Samsung. And certainly nobody wants a Jui, if you’re a smart rich Chinese billionaire, come on… You have zero interest in buying a phone besides supporting the Chinese communist party. If you are any Person with any sense, you would prefer to be wearing Louis Vuitton, Gucci, Balenciaga, wearing easy sneakers, with the newest iPhone pro, driving your Lamborghini Rolls-Royce whatever. You would not want to drive a Chinese car, a Chinese phone, or even send your kids to a Chinese university. You would rather want to send your kid to a Harvard Yale or Stanford, and even… No rich Chinese person actually wants to live in Beijing or Shanghai; property in Palo Alto,, Los Angeles, or maybe Vancouver. The only thing that is stopping is control don’t forget that the Chinese yuan is essentially to the US dollar, and I think time is shown that no no no, we are not going to be speaking in Mandarin. English is international protocol as long as the US, we have at least 1000 X military supremacy over China, we will be fine. And also, when Donald Trump becomes president, he is all about the terrorist, and he’s going to become antagonist towards China, which is good for us Americans because if you put a tariff on Chinese produced goods, money talks, work week. What does that means China will not do anything to promote war with America because The rich Chinese all the guards are still dependent on manufacturing products in China, and selling it to the American market for a profit. Don’t be a dummy boy. Anyone who thinks that China is going to take over the planet is either anti-American, a communist, Likes to give fellatio to Carl Marx, is a fake woke plant based hippie, spent too much time on Reddit, and pirate Bay, spent too much time quarantine Maria Ozawa pornography, maybe they have an apple Vision Pro and the watch virtual reality pornography on their $4000 Apple Vision Pro in private. They might be single, they might not be, my own dog, they have no intention of having kids or girlfriends or a serious relationship.

And also they don’t own bitcoin.

Perhaps we should consider a modern day Christianity kind of like a bastardized version of what Jesus intended to do even thinking about modern Christianity as “Saint Paulism”?

If you really want to walk in the footsteps of Jesus of Nazareth, read the Jefferson Bible. What if we thought about Jesus of Nazareth more like a human being, flesh bound, without all of the hocus-pocus added by the early Christian fathers.

at this point, as much as I hate social media, it looks like you actually having Twitter and X is critical because you are financially implicated, like knowing the up-to-date news about a stock or bitcoin or something, is a big deal.

MicroStrategy’s current Bitcoin holdings stand at 252,220 BTC, valued at approximately $15 billion based on recent Bitcoin prices. This acquisition total includes a recent addition of 7,420 BTC made in September 2024. MicroStrategy has pursued an aggressive strategy under CEO Michael Saylor, aiming to establish itself as a major “Bitcoin bank” and has no immediate plans to lend out its holdings, focusing instead on accumulating BTC as a long-term asset. This approach positions MicroStrategy as the largest corporate Bitcoin holder globally, surpassing the reserves of institutional funds such as BlackRock’s iShares Bitcoin Trust (IBIT)    .

As of recent updates, MicroStrategy and BlackRock’s iShares Bitcoin Trust (IBIT) hold significant Bitcoin reserves, although their rankings have fluctuated over time. MicroStrategy currently holds approximately 205,000 BTC, valued over $14 billion given recent price surges. BlackRock’s IBIT, launched in early 2024, quickly accumulated around 198,000 BTC, positioning it as a close competitor to MicroStrategy’s holdings.

This competitive dynamic underscores a shift in the institutional approach to Bitcoin, with ETFs like IBIT offering a regulated, mainstream option for investors, while companies like MicroStrategy continue to expand their direct holdings. This highlights the growing adoption of Bitcoin in traditional financial products, pushing more institutions toward cryptocurrency exposure through structured financial instruments.

For further details on recent acquisitions and strategy shifts, see sources like The Block and ETF.com.

..

BlackRock recently expanded its investment in MicroStrategy, holding approximately 1.02 million shares, which accounts for a 7.5% stake as of early 2024. This marks a notable increase from their previous position, representing a significant institutional endorsement of MicroStrategy’s Bitcoin-centric strategy. MicroStrategy, under CEO Michael Saylor, has strategically accumulated large Bitcoin reserves, which have appreciated significantly as Bitcoin’s institutional appeal grows.

Meanwhile, BlackRock’s iShares Bitcoin ETF (IBIT) launched in early 2024 and has grown rapidly, surpassing MicroStrategy in Bitcoin holdings, with 196,088 BTC compared to MicroStrategy’s 193,000 BTC. This dynamic between MicroStrategy’s direct Bitcoin holdings and BlackRock’s ETF signals a shifting landscape, where institutional Bitcoin investments are increasingly facilitated through regulated products like ETFs. The competition underscores the increasing role of major financial institutions in the cryptocurrency space and the mainstream acceptance of Bitcoin as an institutional asset   .

Stoicism is not volatile enough. Certainly we want Stoicism to clip and hedge the downsides of life, but, you want at least 200X upside in life!

A good reason to be anti stoic 

I think about 99% stoicism is good, come on, I named my firstborn son after Seneca the younger, the great stoic sage!

Yet where stoicism fails, I call this “the life after stoicism”, is that Stoicism is too focused on hardening yourself into like a porcupine, and then eventually, it makes you unemotional on feeling etc. Yet what if you want to embrace this interesting strategy; put on the stoic armor, in which you don’t really suffer any downsides from life, but you could harness the volatility of life, and channel harness and reap the benefits of the upside?

I’m never leaving LA!

A super super interesting thought on my mind is the quote from Michael Saylor, volatility is vitality. What does that mean, why does it matter etc.?

First, typically when we think of volatility, it is in the financial realm. We think of volatility in the context of something going up and down, almost unpredictably, chaotically, crazily.

For example in the markets, we tend to think of volatility like a bad thing. Because most people cannot stomach the up and downs.

I am an interesting case because obviously I’m affected by it too. Yet now, whenever I see volatility, I’m more annoyed than anything, like the days that bitcoins down, or the days that microstrategy stock is a little bit down, it is almost more like having an annoying mosquito bite, Maybe even a tiny splinter than anything. The good thing with mosquito bites is as time goes on, we know that it will fade, although it is very annoying. Also, with the tiny splinter… Super super annoying to pick it out, but you can!

---

Nuclear power

So besides Chernobyl and Fukushima, I actually think that nuclear power is a super smart idea. Certainly nobody wants nuclear fallout, but come on… It is year 2024. For a while, me and Seneca were playing with SimCity: cities at the future on the Mac, and also, we watched the cities of the future film on IMAX and also 3-D, at the California science center. It is still kind of bizarre to me… Once again, the year 2024, if I think about the film Elysium, produced by Bill Block, and starring Matt Damon, shouldn’t we kind of be living in this futuristic, cyberpunk, or massively green and beautiful bright future? Not kind of this ugly, slumlord vibes we get from watching a film like Snow piercer?

Anyways, about two or three days ago I was curious why bitcoin spite so high, breaking the mythical $70,000 mark, after about 2 to 4 years of languishing. So I searched it on ChatGPT, and randomly saw that because Elon Musk tweeted it? And then I was curious, and then I kind of went down a rabbit hole, checking Elon Musk Twitter, Seeing now how he endorses Donald Trump, and then seeing the tweed video the retweeted video of the Joe Rogan podcast with Donald Trump.

Anyways, I was watching the interview, I watched about half of it, very fun and interesting and entertaining! One of the interesting things is how Joe Rogan was asking Trump about nuclear.

So to me nuclear is interesting because it is insanely high volatility like it has a lot of power. But I’ve done right, if handled quickly, it is essential you producers practically free energy for everybody! Apparently they do it well in France I think, they just create a bunch of these mini nuclear power plants, And the French citizens benefit?

A good reason to be anti-stoic 

I think about 99% stoicism is good, come on, I named my firstborn son after Seneca the younger, the great stoic sage!

Yet we’re stores and fails, I called this the life after stoicism, is that Stoicism is too focused on hardening yourself into like a porcupine, and then eventually, it makes you unemotional on feeling etc. Yet what if you want to embrace this interesting strategy; put on the stoic armor, in which you don’t really suffer any downsides from life, but you could harness the volatility of life, and channel harness and reap the benefits of the upside?

The wisdom of kids

So kind of an interesting thing I learned from Seneca, kids in general etc.; Seneca is about 3 1/2, and when he is angry or upset about something, he’ll get angry, he’ll throw stuff, stop his feet, put out a lot of high energy, start screaming and yelling, and shouting, But when we just let him get it out of his system, like for 30 seconds or a minute or so, he’ll kind of forget about it, and then start smiling again, and then being happy and proceeding like usual. Because Seneca is like happy and joyful and silly and playful and curious Like 99.999% of the time.

Anyways, I almost wonder if this is a better strategy for adults as well. I think we’re adults fail is that we try to be good proper and prim, I don’t know if this is like Victorian Quaker Christian ethics, we tried to restrain our anger, we don’t raise our voices we don’t yell we don’t scream, we don’t throw stuff , we are told to become modest, go on a walk etc. But I almost wonder if it was a good idea that adults we also would just let our our anger and fury as well like kids — for example if we’re angry, to just yell shot scream, stump our feet, go outside, throw around the sandbag, go to the park and take some big heavy rocks and throw them into the distance etc. Also as a funny sidenote, go on YouTube or Google and search ERIC KIM rock toss challenge, in which during Covid when all the gyms were shut down I would just go to the nearby park, find the biggest rock or Boulder I could, and just practice throwing it around etc. It might be the best workout of all time!

Anyways, the issue with adults is that when we’re angry or upset about something, we’re holding our emotions, yet we harbor this anger and resentment, this Poison, four weeks days months years decades? Even one of my uncles, considering that my grandfather had an illegitimate wife in about five or six kids all illegitimate kids on the other side, essentially ditching my mom‘s mom, and the 4 to 5 legitimate kids,  anyways, apparently one of my uncles is still super super upset about this, even many years after the passing of my grandfather, my uncle saying that after getting drunk “I have no father”, referring to my already deceased grandpa.

I get it, but I almost feel like it doesn’t really matter anymore. Don’t people gotta move on?

Yeah yeah yeah, life is tough, life is sad whatever, but, I once read that resentment an anger is like drinking Poison, hoping that the other person dies.

No not only is this kind of not a good strategy, it is ineffective but also foolish.

For example, imagine like you’re a warrior, like your Achilles, or Hector, and you’re about to do the final battle. You got your spear and shield, your battle armor on. Obviously the goal is to throw your spear and killed other guy, not to take your spear and stab yourself in spite of your enemy, hoping that somehow Spearing yourself will damage the other person?

Really sick stuff

Even a more sick thing, a parent, who is frustrated with their child, not sure what to do, starts to literally beat themselves, like hitting themselves or self flagellating themselves, causing themselves some sort of self-made pain, to make the younger child feel bad?

The early Christian fathers, a lot of them kind of unwell people, we kind of do a similar thing, self flagellate themselves for their sins whatever, as a form of repentance or something?

But the reason why this is so sick and weird, is that once again, by hurting or damaging or poisoning yourself, you ain’t doing nothing useful.

Like for example, let us say that you did something bad or whatever, and then boom now your parents are dead or somebody you care about is dead or whatever, and then you get super depressed and you start to drink alcohol, smoke a bunch of weed, do a bunch of drugs, simply to alleviate your pain your distress your suffering. Or you start to self yourself, you start to physically beat yourself.

Now once again, this is not productive at all.

Channel volatility

So just watching the recent micro strategy earnings call, call Michael! I also like Andrew Kang and Phong Le (both I presume our Korean and Vietnamese, just like me, Seneca, and Cindy!) 

Anyways, what do you notice what super interesting was that what is so fascinating about micro strategy, it is like literally the best performing company in stock in the known human universe, is that it is also the most volatile. Whereas a typical asset might have a volatility of five, The volatility of micro strategy often exceeds 50.

Volatility is vitality, the motto of Michael Saylor.

So then I guess the tricky thing, the philosophy behind things: “would you prefer to have higher volatility for greater yield and performance? Or would you rather have low or no volatility, and just take boring steady gains, but far inferior gains and yields?

 for me, I think 100% obvious strategy is to have higher performance, would even greater and higher volatility.

Because at the end of the day, it is probably more interesting to drive a high volatility performance vehicle, like a Lamborghini, which has more power powers and “flexiness” rather than a boring and reliable Toyota Camry?

Yet what a lot of fools do is they just park their money in some sort of blended S&P 500 derivative, because they don’t know what else to do?

Taking control of your financial destiny

Michael Saylor said his personal imperative with bitcoin, is that he believes that at least 50% of the world‘s problems and issues can be solved by fixing the money. He likes traditional money in capital as being toxic; would you give your healthy four year-old child contaminated sewer water to drink, or would you give them clean water? or, would you take the temperature of your home, which is a cozy 73°, and turn down the thermostat by 1°, every single day, for 10 years? Obviously not, you will literally kill and freeze your family to death.  

I think the genius of a Michael Saylor is that he studied history of science at MIT, and also aeronautics and aerospace engineering.

 so I was curious about the word volatility, and apparently it just is derived from Latin to fly, initially from the Proto into European to throw.

So certainly flying is good. I would not want to go to Seoul South Korea on a boat. Also, thinking about French colonialism, I have no idea how the French would be able to stand the boat ride from Paris all the way over to Saigon; or even worse, Thinking about Australia, the original penal colony, how in the hell did you take a boat from London all the way to Australia?

Anyways, the vitality flying, certainly flying can be dangerous, you hear the reports about the new Boeing jets, exploding or whatever. Yet nobody gives up flying.

Or let us say the dangers of driving an automobile car. Certainly there are lots of dangers associated with driving, like fatalities from car related accidents, now texting while driving, it is literally a life for that situation. You are 1 trillion times more likely to die from a car accident rather than any sort of Accident resulting from a terrorist attack, or a gun related fatality. If in fact, everyone is talking about why guns are bad and so evil and how we should be in guns or whatever. Yet nobody is talking about how we should be texting while driving, or even ban The use of a cell phone while you are in an automobile car. If anything, if Apple really wanted to say millions of lives, I have a simple thought: by default if you buy a new phone or whatever, a new Apple ID or whatever, There should be a workflow which if it detects that you’re driving really really fast in the car, it automatically love you out of your phone, into the do not disturb driving mode, and that if you want to access the normal mode, assuming you’re a passenger in an Uber or Tesla Robo taxi, then you could voice dictate or type I am not driving. Or I am a passenger.

Anyways, volatility is good. I almost wonder if volatility, voltage is the same thing? You step up and you step down there’s transformers for electricity. And this is what allows high-powered electricity to travel from phone wires, silently into your home, powering your washer and dryer your heater and air conditioning whatever. Yet nobody is trying to ban electricity.

Channeling volatility

So also, all those curious… Why is it that I have never met a female day trader? Or a female bitcoin investor?

I’ve met lots of day traders, all mail, some guys at the gym at the local park whatever. It is pretty common to meet day traders, Who Dr., Uber on the side or whatever. I haven’t really met any bitcoin investors in the flesh yet, besides myself. And certainly I have never met any women who are interested in bitcoin. It is too volatile for them.

It is also too volatile for most men. Yet a simple filter, I think that for the general part, women hate volatility, most men also hate volatility but some men like myself, love volatility.

Question; are there any women who love volatility? I guess the ideas that you have sex with the rockstar, and you have the boring accountant husband at home, paying the mortgage or whatever, but it seems that most women, would not want to be in a serious financial relationship with a Starbucks barista playing music on the side.

Anyways, maybe what life is then, is the love of volatility. 

Harnessing the upside of volatility without the downside?

So this is where things get super interesting; how can reap the benefits of the upside, like gain 150% upside in life, while clipping the downside?

So for example, the micro strategy strategy is super super fascinating;: capturing 150% the performance of bitcoin and the upside, without the downside?

So how do they do this? Simply put they have access to permanent bitcoin capital. Funny enough they are dubbing themselves BTC, bitcoin treasury company, I like to just think of micro strategy as their first bitcoin bank (BB), because it is easier for mere mortals like myself to remember, but anyways, what is super fascinating about micro strategy, is because they have been in business for over 30 years, they are a real company, that first started off selling business intelligence software, and now transitioning into becoming the world‘s first 100% bitcoin company, which is effectively unstoppable at this point; even if Apple somehow bought $1 trillion worth of bitcoin, because the operating structure of Apple computer is still revolving around future projections of selling more future iPhones, Apple can never really really ever become 100% bitcoin, even if I wanted to.

Oh and also as a random sidenote, I think in December, our discussions that Microsoft might actually start to add bitcoin to her balance sheet. This is worth noting, especially because starting January 2025, the new FASB (fasb.org) financial accounting standards board, GAAP generally accepted accounting principles — essentially companies institutions like Harvard and Yale and Brown Kang now add bitcoin to their balance sheet, as a treasury reserve asset. The reason why this is a big deal is for so long, bitcoin was considered fake money, and that a company could not add it to her balance sheet, proving proof of funds and reserves in the traditional sense. Now, all of these nerds who become accounting will have to learn all of these new rules, figuring out how to integrate bitcoin and other cryptocurrency assets to accounting principles.

The reason why this is such a big deal is that once again, people still think that bitcoin is fake money! Yet look at the Janet yell and talk, and even look at Larry Fink, CEO of black rock who owns over $10 trillion worth of assets, Larry Fink even now says that bitcoin is legitimate asset class, and I think that black rock has actually recently invested and bought a bunch more micro strategy stock. 

Oh and also, a pro tip; definitely get the $20 a month ChatGPT pro, it is now the ultimate financial investment research tool; when you want to search any financials or anything, this is an insanely big deal.

 Anyways, once Harvard Yale and Ivy League schools start to purchase bitcoin, or maybe even there investors, the ones that handle the endowment start to purchase micro strategy, which is essentially a conduit for purchasing bitcoin, with indirect exposure to the asset class of bitcoin,  this will be a big deal.

How to harness the upsides of volatility without the downsides?

So this is a very big idea. Obviously the goal in life is to win, even Michael Saylor said at the end of October 30 micro strategy earnings call, that essentially, under a bitcoin strategy, everybody wins, there are no losers in the bitcoin strategy. Only varying degrees of success. 

Philosophically, this is fantastic. Why? To me the idea that we could all win together, 100%, no losers, isn’t this the ultimate thing?

For example, I still think that the number 1 Foolish Way that most individuals live is that they think of life like zero; they think that your success means my failure, that you’re a big dick means my small dick.

But this makes no sense because money is fake, money ain’t real, it is just a man-made construct. So if somehow you have $1 million in the bank, that doesn’t make my balance any smaller or bigger.

I suppose the thing that is a little bit tricky under the bitcoin standard is that because there is a hard cap of 21 million bitcoins, ultimate strategy is indeed to own the most bitcoin at the end of the day. And this is still where I think the strategy, is to use micro strategy as a cash yield generation machine, periodically selling micro strategy stock when it is up to purchase more bitcoin, is still the best strategy.

---

building and making your own micro strategy?

Currently, my new direction and past life, obviously I’ll still be doing guitar workshops etc., as it is still my number one supreme in fine passion. Yet I’m thinking about offering more workshops in the bitcoin sphere, I think I am well adjusted to this because I have Stoicism, and control on my side. Also, I am currently doing a soft lunch of black eagle capital, essentially my bitcoin hedge fund, the name behind it is inspired by the fact that I believe in the ethos of black, black canvas, all black aesthetics, and eagle, Because I was a Boy Scout eagle, also the symbol of America. If you’re interested in doing a call, shoot me an email at eric@erickim.com. It’s actually to be transparent, the strategy is to create an infinite love machine, you essentially leverage micro strategy style, And then ultimately the goal is to accumulate more bitcoin. I encourage you to just open up your own Coinbase account, and start buying bitcoins. Buy it high buy it low buy it in the middle, because 30 years from now when bitcoin is worth $22 million of bitcoin, The price of what you paid right now won’t really matter. It won’t matter if you bought it at $100,000 of bitcoin, 200,000 of bitcoin, $75,000 bitcoin, or $50,000 bitcoin. Essentially starting next year will be year one of institutional acceptance. I am almost close to 100% certain that Donald Trump will be elected president, even me, I am a liberal Democrat on the left, and even me… I don’t think I’ll be voting for Kamala Harris. Vote orange, vote bitcoin. Even worth noting the Donald Trump talk at the bitcoin 2024 conference in Nashville Tennessee, also note that Donald Trump his Tucson, Eric Trump and Baron Trump, I believe they’re actually really into bitcoin and crypto. Which is good for us, Because if you have a president that loves bitcoin crypto and also the US dollar, this will be very very good news for us Americans. And also, good for any holders of bitcoin on the planet. I also personally ethically believe that bitcoin can promote peace because it don’t matter what country you’re from, as long as you own bitcoin, we are all part of the same monetary network. I think bitcoin is a threat to the international monitor fund, Jerome Powell and the vet, which prints money like cotton candy. Even Donald Trump in his interview with Joe Rogan is talking about paying off the $35 trillion debt America has, and also Donald Trump says we will never sell our bitcoin. And also I would not be surprised if maybe, an interesting national strategy; a nation or a nation to purchase bitcoins, their Caranci? Like imagine if America owned 1 million bitcoins, or 2 million bitcoins whatever, and assuming that the US dollar was pegged to the bitcoin or back, then, the US dollar would actually reward something. People talk that bitcoin is bad for the environment whatever, this is not true. Because bitcoin minors are incentivized to produce bitcoin, at a low financial rate, it will flow into high yield energy sources like nuclear power plants, or electricity which is stranded on the edges of the grid,for example it is it is cheaper to purchase electricity by building your bitcoin mining rig somewhere in the mountains with access to a hydroelectric dam, where electricity would not be used For example, if you could somehow capture the high ball and power of hydroelectric power, which is essentially free because it is powered by gravity, then, assuming that electricity is practically free in America, certainly this will be very good for bitcoin mining and bitcoin network. And also besides cheap electricity, or free electricity, There is actually a strong entrepreneur incentive to create computers which are more deficient, because country popularly, bitcoin mining is less about electricity it is more about computer efficiency. For example the early days bitcoin, a lot of bitcoin mining was done on graphics cards, card by Nvidia, then a transition into basic, ASIC, which is not really even a computer in the traditional sense. It cannot do anything besides Solve the mathematically intense cryptography puzzles, which is essentially the proof of work concept. Also, the reason why proof of work is the path, is that work, like things need to have a real world work in order for it to be worth anything. For example you do not want to live in your fake virtual reality meta-verse, With your fake virtual reality Lamborghini, having sex with your virtual reality girlfriend, with access to your virtual reality money. For anyone who played Diablo too, you know very well that goal is not worth anything in the universe of Diablo; everyone wants the rare weapons. Before there were hacks, this would mean that you as a kid, you have you would have to spend hours upon hours of doing bail rents, Trying to wait and cross your fingers that bail would drop some sort of mythical by Vince, for you to equip yourself. And as a kid, this required real work, which meant a lot of time sitting on your computer, clicking around, and investing countless hours of time which is work, to achieve this outcome. Bitcoin and crypto is the same thing; if there’s not real human labor or physical labor or analyze energy which goes into producing the digital asset, it is not worth it. This is why you should not purchase or invest in anything that is not bitcoin Nothing else is part by proof of work. And derivatives, don’t forget Ethereum was essentially a bitcoin copycat. Ethereum is not worth anything, don’t buy it, sell your Ethereum and buy bitcoin. The best analogy is that Ethereum Pepsi. Nobody likes Pepsi. The only reason anyone would drink Pepsi was because somebody gave it to them for free. Bitcoin is like Coca-Cola, it has always been the best and will always be the best or bitcoin is like the iPhone Pro, everyone wants the iPhone, nobody wants a Google pixel, nobody wants a Samsung. And certainly nobody wants a Jui, if you’re a smart rich Chinese billionaire, come on… You have zero interest in buying a phone besides supporting the Chinese communist party. If you are any Person with any sense, you would prefer to be wearing Louis Vuitton, Gucci, Balenciaga, wearing easy sneakers, with the newest iPhone pro, driving your Lamborghini Rolls-Royce whatever. You would not want to drive a Chinese car, a Chinese phone, or even send your kids to a Chinese university. You would rather want to send your kid to a Harvard Yale or Stanford, and even… No rich Chinese person actually wants to live in Beijing or Shanghai; property in Palo Alto,, Los Angeles, or maybe Vancouver. The only thing that is stopping is control don’t forget that the Chinese yuan is essentially to the US dollar, and I think time is shown that no no no, we are not going to be speaking in Mandarin. English is international protocol as long as the US, we have at least 1000 X military supremacy over China, we will be fine. And also, when Donald Trump becomes president, he is all about the terrorist, and he’s going to become antagonist towards China, which is good for us Americans because if you put a tariff on Chinese produced goods, money talks, work week. What does that means China will not do anything to promote war with America because The rich Chinese all the guards are still dependent on manufacturing products in China, and selling it to the American market for a profit. Don’t be a dummy boy. Anyone who thinks that China is going to take over the planet is either anti-American, a communist, Likes to give fellatio to Carl Marx, is a fake woke plant based hippie, spent too much time on Reddit, and pirate Bay, spent too much time quarantine Maria Ozawa pornography, maybe they have an apple Vision Pro and the watch virtual reality pornography on their $4000 Apple Vision Pro in private. They might be single, they might not be, my own dog, they have no intention of having kids or girlfriends or a serious relationship.

And also they don’t own bitcoin.

Currently, my new direction and past life, obviously I’ll still be doing guitar workshops etc., as it is still my number one supreme in fine passion. Yet I’m thinking about offering more workshops in the bitcoin sphere, I think I am well adjusted to this because I have Stoicism, and control on my side. Also, I am currently doing a soft lunch of black eagle capital, essentially my bitcoin hedge fund, the name behind it is inspired by the fact that I believe in the ethos of black, black canvas, all black aesthetics, and eagle, Because I was a Boy Scout eagle, also the symbol of America. If you’re interested in doing a call, shoot me an email at eric@erickim.com. It’s actually to be transparent, the strategy is to create an infinite love machine, you essentially leverage micro strategy style, And then ultimately the goal is to accumulate more bitcoin. I encourage you to just open up your own Coinbase account, and start buying bitcoins. Buy it high buy it low buy it in the middle, because 30 years from now when bitcoin is worth $22 million of bitcoin, The price of what you paid right now won’t really matter. It won’t matter if you bought it at $100,000 of bitcoin, 200,000 of bitcoin, $75,000 bitcoin, or $50,000 bitcoin. Essentially starting next year will be year one of institutional acceptance. I am almost close to 100% certain that Donald Trump will be elected president, even me, I am a liberal Democrat on the left, and even me… I don’t think I’ll be voting for Kamala Harris. Vote orange, vote bitcoin. Even worth noting the Donald Trump talk at the bitcoin 2024 conference in Nashville Tennessee, also note that Donald Trump his Tucson, Eric Trump and Baron Trump, I believe they’re actually really into bitcoin and crypto. Which is good for us, Because if you have a president that loves bitcoin crypto and also the US dollar, this will be very very good news for us Americans. And also, good for any holders of bitcoin on the planet. I also personally ethically believe that bitcoin can promote peace because it don’t matter what country you’re from, as long as you own bitcoin, we are all part of the same monetary network. I think bitcoin is a threat to the international monitor fund, Jerome Powell and the vet, which prints money like cotton candy. Even Donald Trump in his interview with Joe Rogan is talking about paying off the $35 trillion debt America has, and also Donald Trump says we will never sell our bitcoin. And also I would not be surprised if maybe, an interesting national strategy; a nation or a nation to purchase bitcoins, their Caranci? Like imagine if America owned 1 million bitcoins, or 2 million bitcoins whatever, and assuming that the US dollar was pegged to the bitcoin or back, then, the US dollar would actually reward something. People talk that bitcoin is bad for the environment whatever, this is not true. Because bitcoin minors are incentivized to produce bitcoin, at a low financial rate, it will flow into high yield energy sources like nuclear power plants, or electricity which is stranded on the edges of the grid,for example it is it is cheaper to purchase electricity by building your bitcoin mining rig somewhere in the mountains with access to a hydroelectric dam, where electricity would not be used For example, if you could somehow capture the high ball and power of hydroelectric power, which is essentially free because it is powered by gravity, then, assuming that electricity is practically free in America, certainly this will be very good for bitcoin mining and bitcoin network. And also besides cheap electricity, or free electricity, There is actually a strong entrepreneur incentive to create computers which are more deficient, because country popularly, bitcoin mining is less about electricity it is more about computer efficiency. For example the early days bitcoin, a lot of bitcoin mining was done on graphics cards, card by Nvidia, then a transition into basic, ASIC, which is not really even a computer in the traditional sense. It cannot do anything besides Solve the mathematically intense cryptography puzzles, which is essentially the proof of work concept. Also, the reason why proof of work is the path, is that work, like things need to have a real world work in order for it to be worth anything. For example you do not want to live in your fake virtual reality meta-verse, With your fake virtual reality Lamborghini, having sex with your virtual reality girlfriend, with access to your virtual reality money. For anyone who played Diablo too, you know very well that goal is not worth anything in the universe of Diablo; everyone wants the rare weapons. Before there were hacks, this would mean that you as a kid, you have you would have to spend hours upon hours of doing bail rents, Trying to wait and cross your fingers that bail would drop some sort of mythical by Vince, for you to equip yourself. And as a kid, this required real work, which meant a lot of time sitting on your computer, clicking around, and investing countless hours of time which is work, to achieve this outcome. Bitcoin and crypto is the same thing; if there’s not real human labor or physical labor or analyze energy which goes into producing the digital asset, it is not worth it. This is why you should not purchase or invest in anything that is not bitcoin Nothing else is part by proof of work. And derivatives, don’t forget Ethereum was essentially a bitcoin copycat. Ethereum is not worth anything, don’t buy it, sell your Ethereum and buy bitcoin. The best analogy is that Ethereum Pepsi. Nobody likes Pepsi. The only reason anyone would drink Pepsi was because somebody gave it to them for free. Bitcoin is like Coca-Cola, it has always been the best and will always be the best or bitcoin is like the iPhone Pro, everyone wants the iPhone, nobody wants a Google pixel, nobody wants a Samsung. And certainly nobody wants a Jui, if you’re a smart rich Chinese billionaire, come on… You have zero interest in buying a phone besides supporting the Chinese communist party. If you are any Person with any sense, you would prefer to be wearing Louis Vuitton, Gucci, Balenciaga, wearing easy sneakers, with the newest iPhone pro, driving your Lamborghini Rolls-Royce whatever. You would not want to drive a Chinese car, a Chinese phone, or even send your kids to a Chinese university. You would rather want to send your kid to a Harvard Yale or Stanford, and even… No rich Chinese person actually wants to live in Beijing or Shanghai; property in Palo Alto,, Los Angeles, or maybe Vancouver. The only thing that is stopping is control don’t forget that the Chinese yuan is essentially to the US dollar, and I think time is shown that no no no, we are not going to be speaking in Mandarin. English is international protocol as long as the US, we have at least 1000 X military supremacy over China, we will be fine. And also, when Donald Trump becomes president, he is all about the terrorist, and he’s going to become antagonist towards China, which is good for us Americans because if you put a tariff on Chinese produced goods, money talks, work week. What does that means China will not do anything to promote war with America because The rich Chinese all the guards are still dependent on manufacturing products in China, and selling it to the American market for a profit. Don’t be a dummy boy. Anyone who thinks that China is going to take over the planet is either anti-American, a communist, Likes to give fellatio to Carl Marx, is a fake woke plant based hippie, spent too much time on Reddit, and pirate Bay, spent too much time quarantine Maria Ozawa pornography, maybe they have an apple Vision Pro and the watch virtual reality pornography on their $4000 Apple Vision Pro in private. They might be single, they might not be, my own dog, they have no intention of having kids or girlfriends or a serious relationship.

And also they don’t own bitcoin.

The Philosophy of Volatility 

A super super interesting thought on my mind is the quote from Michael Saylor, volatility is vitality. What does that mean, why does it matter etc.?

First, typically when we think of volatility, it is in the financial realm. We think of volatility in the context of something going up and down, almost unpredictably, chaotically, crazily.

For example in the markets, we tend to think of volatility like a bad thing. Because most people cannot stomach the up and downs.

I am an interesting case because obviously I’m affected by it too. Yet now, whenever I see volatility, I’m more annoyed than anything, like the days that bitcoins down, or the days that micro strategy stock is a little bit down, it is almost more like having an annoying mosquito bite, Maybe even a tiny splinter than anything. The good thing with mosquito bites is as time goes on, we know that it will fade, although it is very annoying. Also, with the tiny splinter… Super super annoying to pick it out, but you can!

Nuclear power

So besides Chernobyl and Fukushima, I actually think that nuclear power is a super smart idea. Certainly nobody wants nuclear fallout, but come on… It is year 2024. For a while, me and Seneca were playing with SimCity: cities at the future on the Mac, and also, we watched the cities of the future film on IMAX and also 3-D, at the California science center. It is still kind of bizarre to me… Once again, the year 2024, if I think about the film Elysium, produced by Bill Block, and starring Matt Damon, shouldn’t we kind of be living in this futuristic, cyberpunk, or massively green and beautiful bright future? Not kind of this ugly, slumlord vibes we get from watching a film like Snow piercer?

Anyways, about two or three days ago I was curious why bitcoin spite so high, breaking the mythical $70,000 mark, after about 2 to 4 years of languishing. So I searched it on ChatGPT, and randomly saw that because Elon Musk tweeted it? And then I was curious, and then I kind of went down a rabbit hole, checking Elon Musk Twitter, Seeing now how he endorses Donald Trump, and then seeing the tweed video the retweeted video of the Joe Rogan podcast with Donald Trump.

Anyways, I was watching the interview, I watched about half of it, very fun and interesting and entertaining! One of the interesting things is how Joe Rogan was asking Trump about nuclear.

So to me nuclear is interesting because it is insanely high volatility like it has a lot of power. But I’ve done right, if handled quickly, it is essential you producers practically free energy for everybody! Apparently they do it well in France I think, they just create a bunch of these mini nuclear power plants, And the French citizens benefit?

A good reason to be anti-stoic 

I think about 99% stoicism is good, come on, I named my firstborn son after Seneca the younger, the great stoic sage!

Yet we’re stores and fails, I called this the life after stoicism, is that Stoicism is too focused on hardening yourself into like a porcupine, and then eventually, it makes you unemotional on feeling etc. Yet what if you want to embrace this interesting strategy; put on the stoic armor, in which you don’t really suffer any downsides from life, but you could harness the volatility of life, and channel harness and reap the benefits of the upside?

The wisdom of kids

So kind of an interesting thing I learned from Seneca, kids in general etc.; Seneca is about 3 1/2, and when he is angry or upset about something, he’ll get angry, he’ll throw stuff, stop his feet, put out a lot of high energy, start screaming and yelling, and shouting, But when we just let him get it out of his system, like for 30 seconds or a minute or so, he’ll kind of forget about it, and then start smiling again, and then being happy and proceeding like usual. Because Seneca is like happy and joyful and silly and playful and curious Like 99.999% of the time.

Anyways, I almost wonder if this is a better strategy for adults as well. I think we’re adults fail is that we try to be good proper and prim, I don’t know if this is like Victorian Quaker Christian ethics, we tried to restrain our anger, we don’t raise our voices we don’t yell we don’t scream, we don’t throw stuff , we are told to become modest, go on a walk etc. But I almost wonder if it was a good idea that adults we also would just let our our anger and fury as well like kids — for example if we’re angry, to just yell shot scream, stump our feet, go outside, throw around the sandbag, go to the park and take some big heavy rocks and throw them into the distance etc. Also as a funny sidenote, go on YouTube or Google and search ERIC KIM rock toss challenge, in which during Covid when all the gyms were shut down I would just go to the nearby park, find the biggest rock or Boulder I could, and just practice throwing it around etc. It might be the best workout of all time!

Anyways, the issue with adults is that when we’re angry or upset about something, we’re holding our emotions, yet we harbor this anger and resentment, this Poison, four weeks days months years decades? Even one of my uncles, considering that my grandfather had an illegitimate wife in about five or six kids all illegitimate kids on the other side, essentially ditching my mom‘s mom, and the 4 to 5 legitimate kids,  anyways, apparently one of my uncles is still super super upset about this, even many years after the passing of my grandfather, my uncle saying that after getting drunk “I have no father”, referring to my already deceased grandpa.

I get it, but I almost feel like it doesn’t really matter anymore. Don’t people gotta move on?

Yeah yeah yeah, life is tough, life is sad whatever, but, I once read that resentment an anger is like drinking Poison, hoping that the other person dies.

No not only is this kind of not a good strategy, it is ineffective but also foolish.

For example, imagine like you’re a warrior, like your Achilles, or Hector, and you’re about to do the final battle. You got your spear and shield, your battle armor on. Obviously the goal is to throw your spear and killed other guy, not to take your spear and stab yourself in spite of your enemy, hoping that somehow Spearing yourself will damage the other person?

Really sick stuff

Even a more sick thing, a parent, who is frustrated with their child, not sure what to do, starts to literally beat themselves, like hitting themselves or self flagellating themselves, causing themselves some sort of self-made pain, to make the younger child feel bad?

The early Christian fathers, a lot of them kind of unwell people, we kind of do a similar thing, self flagellate themselves for their sins whatever, as a form of repentance or something?

But the reason why this is so sick and weird, is that once again, by hurting or damaging or poisoning yourself, you ain’t doing nothing useful.

Like for example, let us say that you did something bad or whatever, and then boom now your parents are dead or somebody you care about is dead or whatever, and then you get super depressed and you start to drink alcohol, smoke a bunch of weed, do a bunch of drugs, simply to alleviate your pain your distress your suffering. Or you start to self yourself, you start to physically beat yourself.

Now once again, this is not productive at all.

Channel volatility

So just watching the recent micro strategy earnings call, call Michael! I also like Andrew Kang and Phong Le (both I presume our Korean and Vietnamese, just like me, Seneca, and Cindy!) 

Anyways, what do you notice what super interesting was that what is so fascinating about micro strategy, it is like literally the best performing company in stock in the known human universe, is that it is also the most volatile. Whereas a typical asset might have a volatility of five, The volatility of micro strategy often exceeds 50.

Volatility is vitality, the motto of Michael Saylor.

So then I guess the tricky thing, the philosophy behind things: “would you prefer to have higher volatility for greater yield and performance? Or would you rather have low or no volatility, and just take boring steady gains, but far inferior gains and yields?

 for me, I think 100% obvious strategy is to have higher performance, would even greater and higher volatility.

Because at the end of the day, it is probably more interesting to drive a high volatility performance vehicle, like a Lamborghini, which has more power powers and “flexiness” rather than a boring and reliable Toyota Camry?

Yet what a lot of fools do is they just park their money in some sort of blended S&P 500 derivative, because they don’t know what else to do?

Taking control of your financial destiny

Michael Saylor said his personal imperative with bitcoin, is that he believes that at least 50% of the world‘s problems and issues can be solved by fixing the money. He likes traditional money in capital as being toxic; would you give your healthy four year-old child contaminated sewer water to drink, or would you give them clean water? or, would you take the temperature of your home, which is a cozy 73°, and turn down the thermostat by 1°, every single day, for 10 years? Obviously not, you will literally kill and freeze your family to death.  

I think the genius of a Michael Saylor is that he studied history of science at MIT, and also aeronautics and aerospace engineering.

 so I was curious about the word volatility, and apparently it just is derived from Latin to fly, initially from the Proto into European to throw.

So certainly flying is good. I would not want to go to Seoul South Korea on a boat. Also, thinking about French colonialism, I have no idea how the French would be able to stand the boat ride from Paris all the way over to Saigon; or even worse, Thinking about Australia, the original penal colony, how in the hell did you take a boat from London all the way to Australia?

Anyways, the vitality flying, certainly flying can be dangerous, you hear the reports about the new Boeing jets, exploding or whatever. Yet nobody gives up flying.

Or let us say the dangers of driving an automobile car. Certainly there are lots of dangers associated with driving, like fatalities from car related accidents, now texting while driving, it is literally a life for that situation. You are 1 trillion times more likely to die from a car accident rather than any sort of Accident resulting from a terrorist attack, or a gun related fatality. If in fact, everyone is talking about why guns are bad and so evil and how we should be in guns or whatever. Yet nobody is talking about how we should be texting while driving, or even ban The use of a cell phone while you are in an automobile car. If anything, if Apple really wanted to say millions of lives, I have a simple thought: by default if you buy a new phone or whatever, a new Apple ID or whatever, There should be a workflow which if it detects that you’re driving really really fast in the car, it automatically love you out of your phone, into the do not disturb driving mode, and that if you want to access the normal mode, assuming you’re a passenger in an Uber or Tesla Robo taxi, then you could voice dictate or type I am not driving. Or I am a passenger.

Anyways, volatility is good. I almost wonder if volatility, voltage is the same thing? You step up and you step down there’s transformers for electricity. And this is what allows high-powered electricity to travel from phone wires, silently into your home, powering your washer and dryer your heater and air conditioning whatever. Yet nobody is trying to ban electricity.

Channeling volatility

So also, all those curious… Why is it that I have never met a female day trader? Or a female bitcoin investor?

I’ve met lots of day traders, all mail, some guys at the gym at the local park whatever. It is pretty common to meet day traders, Who Dr., Uber on the side or whatever. I haven’t really met any bitcoin investors in the flesh yet, besides myself. And certainly I have never met any women who are interested in bitcoin. It is too volatile for them.

It is also too volatile for most men. Yet a simple filter, I think that for the general part, women hate volatility, most men also hate volatility but some men like myself, love volatility.

Question; are there any women who love volatility? I guess the ideas that you have sex with the rockstar, and you have the boring accountant husband at home, paying the mortgage or whatever, but it seems that most women, would not want to be in a serious financial relationship with a Starbucks barista playing music on the side.

Anyways, maybe what life is then, is the love of volatility. 

Harnessing the upside of volatility without the downside?

So this is where things get super interesting; how can reap the benefits of the upside, like gain 150% upside in life, while clipping the downside?

So for example, the micro strategy strategy is super super fascinating;: capturing 150% the performance of bitcoin and the upside, without the downside?

So how do they do this? Simply put they have access to permanent bitcoin capital. Funny enough they are dubbing themselves BTC, bitcoin treasury company, I like to just think of micro strategy as their first bitcoin bank (BB), because it is easier for mere mortals like myself to remember, but anyways, what is super fascinating about micro strategy, is because they have been in business for over 30 years, they are a real company, that first started off selling business intelligence software, and now transitioning into becoming the world‘s first 100% bitcoin company, which is effectively unstoppable at this point; even if Apple somehow bought $1 trillion worth of bitcoin, because the operating structure of Apple computer is still revolving around future projections of selling more future iPhones, Apple can never really really ever become 100% bitcoin, even if I wanted to.

Oh and also as a random sidenote, I think in December, our discussions that Microsoft might actually start to add bitcoin to her balance sheet. This is worth noting, especially because starting January 2025, the new FASB (fasb.org) financial accounting standards board, GAAP generally accepted accounting principles — essentially companies institutions like Harvard and Yale and Brown Kang now add bitcoin to their balance sheet, as a treasury reserve asset. The reason why this is a big deal is for so long, bitcoin was considered fake money, and that a company could not add it to her balance sheet, proving proof of funds and reserves in the traditional sense. Now, all of these nerds who become accounting will have to learn all of these new rules, figuring out how to integrate bitcoin and other cryptocurrency assets to accounting principles.

The reason why this is such a big deal is that once again, people still think that bitcoin is fake money! Yet look at the Janet yell and talk, and even look at Larry Fink, CEO of black rock who owns over $10 trillion worth of assets, Larry Fink even now says that bitcoin is legitimate asset class, and I think that black rock has actually recently invested and bought a bunch more micro strategy stock. 

Oh and also, a pro tip; definitely get the $20 a month ChatGPT pro, it is now the ultimate financial investment research tool; when you want to search any financials or anything, this is an insanely big deal.

 Anyways, once Harvard Yale and Ivy League schools start to purchase bitcoin, or maybe even there investors, the ones that handle the endowment start to purchase micro strategy, which is essentially a conduit for purchasing bitcoin, with indirect exposure to the asset class of bitcoin,  this will be a big deal.

Level up, LVL — live more volatile!

Live more volatile

The Philosophy of Volatility 

A super super interesting thought on my mind is the quote from Michael Saylor, volatility is vitality. What does that mean, why does it matter etc.?

First, typically when we think of volatility, it is in the financial realm. We think of volatility in the context of something going up and down, almost unpredictably, chaotically, crazily.

For example in the markets, we tend to think of volatility like a bad thing. Because most people cannot stomach the up and downs.

I am an interesting case because obviously I’m affected by it too. Yet now, whenever I see volatility, I’m more annoyed than anything, like the days that bitcoins down, or the days that micro strategy stock is a little bit down, it is almost more like having an annoying mosquito bite, Maybe even a tiny splinter than anything. The good thing with mosquito bites is as time goes on, we know that it will fade, although it is very annoying. Also, with the tiny splinter… Super super annoying to pick it out, but you can!

Nuclear power

So besides Chernobyl and Fukushima, I actually think that nuclear power is a super smart idea. Certainly nobody wants nuclear fallout, but come on… It is year 2024. For a while, me and Seneca were playing with SimCity: cities at the future on the Mac, and also, we watched the cities of the future film on IMAX and also 3-D, at the California science center. It is still kind of bizarre to me… Once again, the year 2024, if I think about the film Elysium, produced by Bill Block, and starring Matt Damon, shouldn’t we kind of be living in this futuristic, cyberpunk, or massively green and beautiful bright future? Not kind of this ugly, slumlord vibes we get from watching a film like Snow piercer?

Anyways, about two or three days ago I was curious why bitcoin spite so high, breaking the mythical $70,000 mark, after about 2 to 4 years of languishing. So I searched it on ChatGPT, and randomly saw that because Elon Musk tweeted it? And then I was curious, and then I kind of went down a rabbit hole, checking Elon Musk Twitter, Seeing now how he endorses Donald Trump, and then seeing the tweed video the retweeted video of the Joe Rogan podcast with Donald Trump.

Anyways, I was watching the interview, I watched about half of it, very fun and interesting and entertaining! One of the interesting things is how Joe Rogan was asking Trump about nuclear.

So to me nuclear is interesting because it is insanely high volatility like it has a lot of power. But I’ve done right, if handled quickly, it is essential you producers practically free energy for everybody! Apparently they do it well in France I think, they just create a bunch of these mini nuclear power plants, And the French citizens benefit?

A good reason to be anti-stoic 

I think about 99% stoicism is good, come on, I named my firstborn son after Seneca the younger, the great stoic sage!

Yet we’re stores and fails, I called this the life after stoicism, is that Stoicism is too focused on hardening yourself into like a porcupine, and then eventually, it makes you unemotional on feeling etc. Yet what if you want to embrace this interesting strategy; put on the stoic armor, in which you don’t really suffer any downsides from life, but you could harness the volatility of life, and channel harness and reap the benefits of the upside?

The wisdom of kids

So kind of an interesting thing I learned from Seneca, kids in general etc.; Seneca is about 3 1/2, and when he is angry or upset about something, he’ll get angry, he’ll throw stuff, stop his feet, put out a lot of high energy, start screaming and yelling, and shouting, But when we just let him get it out of his system, like for 30 seconds or a minute or so, he’ll kind of forget about it, and then start smiling again, and then being happy and proceeding like usual. Because Seneca is like happy and joyful and silly and playful and curious Like 99.999% of the time.

Anyways, I almost wonder if this is a better strategy for adults as well. I think we’re adults fail is that we try to be good proper and prim, I don’t know if this is like Victorian Quaker Christian ethics, we tried to restrain our anger, we don’t raise our voices we don’t yell we don’t scream, we don’t throw stuff , we are told to become modest, go on a walk etc. But I almost wonder if it was a good idea that adults we also would just let our our anger and fury as well like kids — for example if we’re angry, to just yell shot scream, stump our feet, go outside, throw around the sandbag, go to the park and take some big heavy rocks and throw them into the distance etc. Also as a funny sidenote, go on YouTube or Google and search ERIC KIM rock toss challenge, in which during Covid when all the gyms were shut down I would just go to the nearby park, find the biggest rock or Boulder I could, and just practice throwing it around etc. It might be the best workout of all time!

Anyways, the issue with adults is that when we’re angry or upset about something, we’re holding our emotions, yet we harbor this anger and resentment, this Poison, four weeks days months years decades? Even one of my uncles, considering that my grandfather had an illegitimate wife in about five or six kids all illegitimate kids on the other side, essentially ditching my mom‘s mom, and the 4 to 5 legitimate kids,  anyways, apparently one of my uncles is still super super upset about this, even many years after the passing of my grandfather, my uncle saying that after getting drunk “I have no father”, referring to my already deceased grandpa.

I get it, but I almost feel like it doesn’t really matter anymore. Don’t people gotta move on?

Yeah yeah yeah, life is tough, life is sad whatever, but, I once read that resentment an anger is like drinking Poison, hoping that the other person dies.

No not only is this kind of not a good strategy, it is ineffective but also foolish.

For example, imagine like you’re a warrior, like your Achilles, or Hector, and you’re about to do the final battle. You got your spear and shield, your battle armor on. Obviously the goal is to throw your spear and killed other guy, not to take your spear and stab yourself in spite of your enemy, hoping that somehow Spearing yourself will damage the other person?

Really sick stuff

Even a more sick thing, a parent, who is frustrated with their child, not sure what to do, starts to literally beat themselves, like hitting themselves or self flagellating themselves, causing themselves some sort of self-made pain, to make the younger child feel bad?

The early Christian fathers, a lot of them kind of unwell people, we kind of do a similar thing, self flagellate themselves for their sins whatever, as a form of repentance or something?

But the reason why this is so sick and weird, is that once again, by hurting or damaging or poisoning yourself, you ain’t doing nothing useful.

Like for example, let us say that you did something bad or whatever, and then boom now your parents are dead or somebody you care about is dead or whatever, and then you get super depressed and you start to drink alcohol, smoke a bunch of weed, do a bunch of drugs, simply to alleviate your pain your distress your suffering. Or you start to self yourself, you start to physically beat yourself.

Now once again, this is not productive at all.

Channel volatility

So just watching the recent micro strategy earnings call, call Michael! I also like Andrew Kang and Phong Le (both I presume our Korean and Vietnamese, just like me, Seneca, and Cindy!) 

Anyways, what do you notice what super interesting was that what is so fascinating about micro strategy, it is like literally the best performing company in stock in the known human universe, is that it is also the most volatile. Whereas a typical asset might have a volatility of five, The volatility of micro strategy often exceeds 50.

Volatility is vitality, the motto of Michael Saylor.

So then I guess the tricky thing, the philosophy behind things: “would you prefer to have higher volatility for greater yield and performance? Or would you rather have low or no volatility, and just take boring steady gains, but far inferior gains and yields?

 for me, I think 100% obvious strategy is to have higher performance, would even greater and higher volatility.

Because at the end of the day, it is probably more interesting to drive a high volatility performance vehicle, like a Lamborghini, which has more power powers and “flexiness” rather than a boring and reliable Toyota Camry?

Yet what a lot of fools do is they just park their money in some sort of blended S&P 500 derivative, because they don’t know what else to do?

Taking control of your financial destiny

Michael Saylor said his personal imperative with bitcoin, is that he believes that at least 50% of the world‘s problems and issues can be solved by fixing the money. He likes traditional money in capital as being toxic; would you give your healthy four year-old child contaminated sewer water to drink, or would you give them clean water? or, would you take the temperature of your home, which is a cozy 73°, and turn down the thermostat by 1°, every single day, for 10 years? Obviously not, you will literally kill and freeze your family to death.  

I think the genius of a Michael Saylor is that he studied history of science at MIT, and also aeronautics and aerospace engineering.

 so I was curious about the word volatility, and apparently it just is derived from Latin to fly, initially from the Proto into European to throw.

So certainly flying is good. I would not want to go to Seoul South Korea on a boat. Also, thinking about French colonialism, I have no idea how the French would be able to stand the boat ride from Paris all the way over to Saigon; or even worse, Thinking about Australia, the original penal colony, how in the hell did you take a boat from London all the way to Australia?

Anyways, the vitality flying, certainly flying can be dangerous, you hear the reports about the new Boeing jets, exploding or whatever. Yet nobody gives up flying.

Or let us say the dangers of driving an automobile car. Certainly there are lots of dangers associated with driving, like fatalities from car related accidents, now texting while driving, it is literally a life for that situation. You are 1 trillion times more likely to die from a car accident rather than any sort of Accident resulting from a terrorist attack, or a gun related fatality. If in fact, everyone is talking about why guns are bad and so evil and how we should be in guns or whatever. Yet nobody is talking about how we should be texting while driving, or even ban The use of a cell phone while you are in an automobile car. If anything, if Apple really wanted to say millions of lives, I have a simple thought: by default if you buy a new phone or whatever, a new Apple ID or whatever, There should be a workflow which if it detects that you’re driving really really fast in the car, it automatically love you out of your phone, into the do not disturb driving mode, and that if you want to access the normal mode, assuming you’re a passenger in an Uber or Tesla Robo taxi, then you could voice dictate or type I am not driving. Or I am a passenger.

Anyways, volatility is good. I almost wonder if volatility, voltage is the same thing? You step up and you step down there’s transformers for electricity. And this is what allows high-powered electricity to travel from phone wires, silently into your home, powering your washer and dryer your heater and air conditioning whatever. Yet nobody is trying to ban electricity.

Channeling volatility

So also, all those curious… Why is it that I have never met a female day trader? Or a female bitcoin investor?

I’ve met lots of day traders, all mail, some guys at the gym at the local park whatever. It is pretty common to meet day traders, Who Dr., Uber on the side or whatever. I haven’t really met any bitcoin investors in the flesh yet, besides myself. And certainly I have never met any women who are interested in bitcoin. It is too volatile for them.

It is also too volatile for most men. Yet a simple filter, I think that for the general part, women hate volatility, most men also hate volatility but some men like myself, love volatility.

Question; are there any women who love volatility? I guess the ideas that you have sex with the rockstar, and you have the boring accountant husband at home, paying the mortgage or whatever, but it seems that most women, would not want to be in a serious financial relationship with a Starbucks barista playing music on the side.

Anyways, maybe what life is then, is the love of volatility. 

gelH— to throw!

The word volatility traces its origins to the Latin root volatilis, meaning “fleeting” or “swift,” derived from volare, meaning “to fly.” This Latin term describes something that moves quickly or is prone to change. In English, the term volatile initially entered the language in the late Middle Ages, around the 14th century, to describe substances that could evaporate or disperse into the air swiftly, as if “flying away.”

By the 17th century, volatility had broadened in meaning beyond physical substances to characterize anything prone to quick changes, instability, or unpredictability. This broadened usage made volatility suitable for describing financial markets, emotions, or behaviors that are unpredictable or subject to sudden shifts. Thus, volatility evolved to capture both physical transformation (as in chemistry) and metaphorical instability or unpredictability (as in financial or emotional contexts).

Why you never hear of or see female day traders or Bitcoin investors?

No more returns.

What’s a few hundred or thousand dollars to a motherfucker like me, can you please remind me?

If you’re late 20s, to around early or mid 40’s— we are “Gen Y” or “Millenials”. Like age 29 to age 45–

I was born in 1988, currently 36– I have a strong moral and ethical imperative to promote Bitcoin, as a road and path to financial freedom, liberation and thriving?

Also — sell the vision!

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Audio

PDF SLIDES

MSTR WEBSITE

PDF ANNOUNCEMENT

***

In a groundbreaking turn, MicroStrategy has announced a $42 billion capital plan aimed at expanding its Bitcoin holdings. This isn’t just another financial maneuver; it’s a pioneering step in redefining how corporate treasuries think about cash reserves and growth. Michael Saylor, MicroStrategy’s chairman and an ardent Bitcoin advocate, has long pushed for integrating Bitcoin as a primary asset, but this plan takes it to a new level.

The company’s multi-billion dollar “21/21 Plan” is set to unfold over three years, with ambitious funding through equity and fixed-income instruments. The move reflects a forward-thinking vision, where Bitcoin isn’t just a speculative asset but a tool for enhancing returns. The goal? Achieving a sustainable 6-10% annual yield on their holdings, a KPI that speaks to MicroStrategy’s vision of Bitcoin as a productive, rather than purely defensive, asset.

MicroStrategy’s strategy has profound implications. They’re positioning themselves not just as a software company but as a Bitcoin-centric asset manager. The financial world is watching—if this plan succeeds, it could pave the way for other companies to reconsider digital assets as part of their capital allocation.

announcement

at the market equity offering

*
An At-the-Market (ATM) equity offering is a method by which publicly traded companies raise capital by selling new shares of their stock incrementally into the existing trading market at prevailing market prices. Unlike traditional secondary offerings, where a fixed number of shares are sold at a set price in a single transaction, ATM offerings allow companies to issue shares over an extended period, providing flexibility to take advantage of favorable market conditions.

How It Works:

• Engagement with a Broker-Dealer: The company enters into an agreement with a broker-dealer or investment bank to act as the sales agent.

• Incremental Sales: Shares are sold in small quantities over time, directly into the market or through negotiated transactions.

• Market Prices: Shares are sold at current market prices, minimizing the need for discounts that are often required in large block sales.

• Regulatory Compliance: The company must file a shelf registration statement with the Securities and Exchange Commission (SEC) in the United States, allowing for the continuous offering of securities.

Advantages:

1. Flexibility: Companies can raise capital as needed, adjusting the pace of sales based on market conditions and funding requirements.

2. Cost-Effective: Lower transaction costs compared to traditional offerings due to the absence of underwriting fees and discounts.

3. Market Timing: Ability to capitalize on favorable stock prices without the need to predict the optimal time for a large offering.

4. Less Market Impact: Smaller, incremental sales are less likely to negatively affect the stock price compared to large block sales.

Disadvantages:

1. Dilution: Continuous issuance of new shares can dilute existing shareholders’ equity over time.

2. Uncertainty in Capital Raised: The total amount of capital that can be raised is uncertain and depends on market conditions and stock performance.

3. Regulatory Scrutiny: Companies must maintain compliance with SEC regulations, including timely disclosures, which can be administratively burdensome.

Considerations:

• Investor Perception: Frequent issuance of new shares may lead to concerns about over-dilution or signal that the company may be facing financial challenges.

• Market Conditions: The success of an ATM offering is highly dependent on the company’s stock liquidity and overall market sentiment.

Comparison with Other Offerings:

• Traditional Secondary Offering: Involves selling a large block of shares at once, usually at a discount, and can significantly impact the stock price due to the sudden increase in supply.

• Rights Offering: Existing shareholders are given the right to purchase additional shares at a discount before the company offers them to the public.

Example Scenario:

A biotechnology company developing new treatments may need periodic funding to support its research and development activities. By utilizing an ATM offering, the company can raise funds as milestones are achieved and as market conditions become favorable, without committing to a large capital raise all at once.

Conclusion:

ATM equity offerings provide companies with a flexible and efficient mechanism to raise capital over time while potentially minimizing the negative impacts on their stock price and reducing issuance costs. However, companies must weigh the benefits against the potential for shareholder dilution and the administrative requirements associated with regulatory compliance.

*

An at-the-market (ATM) equity offering is a type of public offering in which a company issues shares of stock directly into the market over a period of time, rather than all at once. In an ATM offering, the company sells shares through a broker-dealer at the current market price, allowing it to raise capital incrementally rather than through a traditional, one-time public offering.

Key Features of ATM Equity Offerings:

1. Flexibility: Companies can choose when and how many shares to sell, depending on market conditions, which provides flexibility in raising capital over time.

2. Minimal Market Impact: Since shares are sold gradually, it typically results in less price volatility compared to large, block sales in traditional offerings.

3. Cost-Effective: ATM offerings generally have lower fees than full public offerings since they involve less underwriting and fewer regulatory requirements.

Benefits:

• Cost Savings: Lower fees than traditional offerings, and no need for significant underwriting.

• Market Timing: Companies can issue shares when market prices are favorable, maximizing capital raised.

• Reduced Dilution Impact: Selling shares gradually tends to minimize immediate dilution of shareholder value.

Drawbacks:

• Potential for Lower Prices: If too many shares are sold quickly, it may lower the stock’s price.

• Market Risks: Companies relying heavily on ATM offerings may be viewed as struggling to raise funds, impacting investor sentiment.

Why Companies Use ATM Offerings:

ATM offerings are often used by companies in need of additional capital, particularly smaller or growth-stage companies or those in sectors requiring frequent capital, like biotech or clean energy. The funds raised can be used for a variety of purposes, such as R&D, debt repayment, or general corporate purposes.

RPM is like volatility ., leverage long … 90 RPM dangerous 18B into balance sheet and speed it 90-100RPM, turbine!

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5 vol or 50 vol?

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Stronger trunk and body?

The grid stop the mandate.

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The grid can’t handle it?

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Gasoline

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Windmills?

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Most expensive form of wind mills

Replace blades, dispose?

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50 story buildings

12 concrete harder than steel

Concrete technology is incredible

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Great genius, professor at MIT 41 years

Dr. John Trump

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Two major brain surgeries?

Strengthen your trunk?

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Half a million to interview 251 people

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Deal?

Think Money

Common Sense Person

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JD good pick

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Talk like a normal human being

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I’ll be depressed and I won’t go

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It is not 0% election fraud?

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A lot of weird stuff

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You’re not going in **

Apple of his eye!

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Arrogant fools

Little rocket man haha!

The enemy from within

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Horrible bill

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Springfield Ohio

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Ultra Super Fucking Hardcore!

I wonder… Is there a difference between gains and yield?

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Media is toxic?

Interviews are a little less bad?

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Phobia, like a fight

14-1, one loss?

Psychological advantage?

The yips, the phobia?

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The ones that beat ISIS

weeks not years

Not woke guys

Robert E Lee

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100 years appointment

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Robert F Kennedy

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They’d die for it.

Secretary of State, begging.

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Congress, 28 years

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He was a survivor ***

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Great success, great economy, tax cuts, 3 Supreme Court justices, choose them young, great military

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You said a lot of wild shit

Very difficult to know who they really are.

Free ball!

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Comedic instincts

“You’d be in jail!”

You need the attitude of comedian, most dangerous for job

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Firefighter, war, cop

Hundreds of billions of dollars from China

Iran –> Iran is broke

Go cold turkey with China business , don’t buy even a oil

Iran, oil.

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Business is good!

You make yourself a target

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1/10th of 1% for bull rider, death ,,, worse than UFC

they die

Get hurt badly

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Assassination attempts

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Conflate Hitler

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Make them up entirely

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Joy, … , Whoopi,

The View

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CNN

Sean Duffy, kept him but never put him on

“Go negative!”

So crooked

Fraud,

60 minutes

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Weaves

CBS 60 minutes news

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Answer incompetent

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Copyright strike be careful

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Caught by mistake

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Election interference and fraud

Big deal

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Public air waves

Billions of dollars , public airs

David Muir.

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He’s just like the rest of them

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Dan Crenshaw

Thousands are stupidly deployed

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Fact check both sides

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Ignorance is also bad

Statistics were a fraud

Didn’t include worst cities?

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Unreported crime is up!

Carpenters don’t suck !

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So sad!

So dangerous !

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Don’t even have 8th of a second to think!

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You don’t have a chance!

.

Dark windows

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Very hard to get cops now , no backup!

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Give them back their dignity!

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Better training

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No tax for tips

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Cars built in America

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200% tariff on cars

Big favor for America

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Tariff

Proper use of tariffs?

.

Income tax, vs tariff

McKinley tariff

Tarrif > Love

1900s

Income tax

.

1887,,, so much money so rich

What to do with all the money we had?

Taxing!

.

Unoccupied?

.

82 years

Space force.

.

Starlink

.

Waste abuse and fraud

.

40-21%

21-15%–> make your product in the US

.

CUT regulations

Regulation over tax cuts, more dollars

Wuhan labs?

.

Best economy?

.

Paying off debt

Growth

Under levered

Pay off debt ***

$35T

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Oil, asset, mountains are so enormous

We should pay off the debt! *

15% taxes

Produce Oil

Regulation , environmental

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Environmental to not do anything?

.

Albany, get paid more money

Good at getting permits

10-15 years

.

$18 B …

Environmental permits

Environmental consultants and lawyers, how to profit –> if I were them I’d do the same!

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Puddle, lake

Way to stop you and make money?

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Get fees!

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“ environmental impact study”

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Cleanest air and water

Air & water!

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Kerry president shieh

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58 coal,plants

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The China curse

Dirty Air

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Saudi

Gavin Newsom

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What a disgrace!

Foolish!

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As a student of yours

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We have no water?

Stupid administration

.

Center of California huge lake 200 years ago!

.

1983– went dry

.

Forest fires

Maintain your forests forest fire

Rake it up , dead stuff

.

Compassion is for the weak? It is weakling mentality and a weakling morality?

Compassion for the weak?

So I think we might have been Jesus who taught us to have compassion and stuff. Yet, my curiosity; how much of this is out of strength versus out of weakness?

So for example, if you understand Christianity, Lauren did Christianity, and we don’t have some sort of silly fear of heaven or hell or whatever, and we only believe in this life this reality, kind of like what Jesus said, the kingdom of God is already within you, like a child, Then if this were the case, how should we proceed in life?

Morality?

So we are often taught that we should pity the week, have compassion for them etc. Yet, I’m uncertain how much of this is good vs bad.

For example, I think a modern day times, in America, and according to Christian morality, compassion for the week the sad unfortunate is considered a virtue. Yet I think the problem with compassion is that it is toxic.

For example, imagine if you spend all day, looking at tragedy porn on Facebook Instagram TikTok YouTube podcast, Spotify, email Gmail, your text messages, your email newsletters, television blogs news etc. If this is the case, certainly it will affect you.

For example, I’ll give you an example; I accidentally stumbled upon the Twitter of Elon Musk, in which he retreated the Joe Rogan interview with Donald Trump, and also retreated something with Donald Trump showing some video, a real tragedy, the story of a young mother whose daughter, a 12-year-old girl was essentially raped and murdered at a local playground, by two gang affiliated violent members who either illegally cross the border, or somehow was granted admission legally?

Now I’m sure there’s more to the story, but regardless it is an extreme tragedy. Now that I have a young son, I don’t have a daughter, at least not yet, but still, thinking about the tragedy of the mother, the kid the whole situation… I actually put me in a really Sad and kind of troubled mood the last day day and a half, I think it even affected my sleep? Just this one video. And this one heart wrenching video that the mom said.

Now imagine that the average American, watches and consume media like this thoroughly like 5000 times a day. Certainly is going to mess up their minds.

So the first thing we have to do is we have to stop this fear and tragedy porn. I don’t think there’s any virtuous thing to it; it doesn’t really help anybody. Sure it might affect your voting behavior, but once you have your voting done, then what?

What does it mean to change the world?

So I think the big thing is start with yourself, your family. Your wife, your kids, your mom, your sister, your siblings, and your friends. 

I think the hard thing is everyone’s trying to change the world from too much of a macro economic, a world perspective. But this is not real, nor is it practical;

First, what is “the world”? It isn’t really anything, it is not tangible.

I think we end up falling victim to this virtuous cycle of misery; we hear miserable news around the world, which attracts more clicks views retweets, which is good for Google Google ad revenue, and I guess now Twitter/X.

The world is a tricky and messy place, and also a very very evil and bad place. I was actually thinking about it, this really really tragic 12 year-old girl getting killed murdered and raped by two super evil people, who I think should deserve the death sentence at least. But still, How much of this happens all around the world, every single day, to all 8 billion people on the planet? In Thailand, Cambodia Laos, Vietnam, Asia Southeast Asia, China, the areas in which mainland China has annexed and committed countless genocides, Israeli genocide, etc. All the poor Lebanese who either got killed maimed or displaced. Same with the people in Gaza or the innocent Palestinians.

Anyways, all around the planet, so let us assume that there are 8 billion people on the planet. Probabilistically, there are probably at least dozens, if not hundreds, if not thousands, if not tens of thousands, if not millions of evils and injustices committed every single day, whether that be rape and death of 12-year-old girls, children etc.

But I suppose my question is, besides knowledge, what should one do about it? Like are you going to send Lee quit your job, volunteer for the peace corps, and then dedicate your life to helping poor families and children and victims? I almost feel like it might be better to volunteer for the local YMCA, the local boys and girls club, become a big brother or sister, or even help out at your local Boy Scout troop, even coach sports etc. I know for myself personally speaking, what kind of kept me off the streets, kept me from joining gangs, doing gang activity, I actually even remember an incident in middle school in which one of the guys I knew,  one of my adjacent friends, told me how some other guy was trying to punk on him, and he called up all the guys in the area this might have been maybe the seventh or eighth grade, I think we are like 12 or 13 years old, and the idea was to just grab the biggest kitchen knife you had, to wrap it with a towel, hide it in your backpack, and use it if shit hit the fan with the other rival gang.

Anyways, Once again, really really ugly stuff. 

Gangs

Once again, gangs, gang in initiations, especially in Los Angeles, East Los Angeles I hear is really really horrible gruesome and terrible.

But once again, what can you actually do what should you do, what is superficial what is real?

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