If Trump wins, Bitcoin might experience an uptick due to his previous pro-crypto stance and general support for deregulation. This could lead to relaxed cryptocurrency regulations, boosting confidence among Bitcoin investors. His administration might focus on fostering innovation, possibly easing concerns about government interference in crypto markets.

If Harris wins, the impact on Bitcoin could be more uncertain. Given the current administration’s cautious regulatory approach, a Harris presidency might continue with crypto oversight and regulatory frameworks, which could create a more structured but possibly restrictive environment for Bitcoin. This might stabilize Bitcoin but limit rapid growth.

In either scenario, the outcome in Congress and key regulatory appointments would play a significant role in shaping the broader crypto policy landscape.

Theorize what happen to bitcoin if either wins 

If Trump wins, Bitcoin might experience an uptick due to his previous pro-crypto stance and general support for deregulation. This could lead to relaxed cryptocurrency regulations, boosting confidence among Bitcoin investors. His administration might focus on fostering innovation, possibly easing concerns about government interference in crypto markets.

If Harris wins, the impact on Bitcoin could be more uncertain. Given the current administration’s cautious regulatory approach, a Harris presidency might continue with crypto oversight and regulatory frameworks, which could create a more structured but possibly restrictive environment for Bitcoin. This might stabilize Bitcoin but limit rapid growth.

In either scenario, the outcome in Congress and key regulatory appointments would play a significant role in shaping the broader crypto policy landscape.

…

As of late October 2024, election forecasts and betting odds suggest that Donald Trump has a slight advantage over Kamala Harris. Trump currently holds approximately 65% implied odds, bolstered by recent polls showing narrow leads in key swing states like Arizona and Georgia. Harris remains close behind in other states, keeping the race competitive, especially with her recent gains in Michigan and Nevada. With a small margin separating them, the outcome in these battleground states will be critical to determining the final result   .

If a pro-Bitcoin or pro-cryptocurrency president were to win an election, it could have several significant impacts on Bitcoin and the broader crypto market. Here are some potential outcomes:

1. Regulatory Clarity and Favorable Policies: A pro-crypto president might push for clear and supportive regulations surrounding cryptocurrencies. This could reduce legal uncertainties and make it easier for businesses and individuals to use, invest in, and develop technologies around Bitcoin. Regulatory clarity often encourages institutional investment and mainstream adoption.

2. Market Confidence and Increased Adoption: Leadership that openly supports Bitcoin can boost public confidence. Positive statements and policies from the highest level of government could encourage more people to explore and invest in cryptocurrencies, potentially driving up demand and prices.

3. Infrastructure Development: The government might invest in or support the development of blockchain and cryptocurrency infrastructure. This could include funding research, supporting crypto startups, or integrating blockchain technology into public services, which would enhance the ecosystem around Bitcoin.

4. Tax Incentives and Financial Integration: A pro-crypto administration might offer tax incentives for crypto investments or transactions. They could also work towards integrating cryptocurrencies into the traditional financial system, making it easier to use Bitcoin for everyday transactions or as part of investment portfolios.

5. International Influence and Cooperation: The stance of a major country’s president can influence global attitudes toward cryptocurrencies. Pro-crypto policies might encourage other nations to adopt similar approaches, potentially leading to more international cooperation on crypto regulations and standards.

6. Education and Public Awareness: Government initiatives could focus on educating the public about cryptocurrencies, reducing misinformation, and helping people understand the benefits and risks. Increased awareness can lead to broader adoption.

7. Legal Tender Consideration: While less likely, there’s a possibility that Bitcoin could be considered for legal tender status, as seen in countries like El Salvador. This would be a monumental shift, potentially increasing Bitcoin’s utility and value.

Potential Risks and Considerations:

• Overregulation: There’s a risk that in an effort to legitimize and control the crypto space, the government might introduce regulations that could stifle innovation or infringe on privacy, which are core values for many in the crypto community.

• Market Volatility: Political support might lead to rapid increases in Bitcoin’s price, followed by sharp corrections. Investors should be cautious of heightened volatility during such transitions.

• Dependence on Political Climate: Future political shifts could reverse supportive policies. Long-term reliance on political favorability introduces uncertainty into the crypto market.

Conclusion:

The election of a pro-Bitcoin president could usher in a new era of growth and legitimacy for Bitcoin. By fostering a supportive regulatory environment, encouraging adoption, and integrating cryptocurrency into the broader economy, such leadership could positively impact Bitcoin’s value and utility. However, it’s essential to remain mindful of the potential risks and stay informed about policy changes that could affect the cryptocurrency landscape.

The U.S. 2024 presidential election will be held on Tuesday, November 5, 2024. Polls generally close that evening, but the process of counting votes can take additional time, especially for mail-in and absentee ballots. The initial results are usually available overnight, but official certification of the election can take days to weeks, depending on the state’s procedures and if any recounts or challenges arise.

The Electoral College will meet on December 16, 2024, to formally cast votes based on the election results, and Congress is set to count these votes and officially declare the winner on January 6, 2025.

Recent Bitcoin news has highlighted a mix of positive market activity and strategic developments:

1. Price Performance and October Trends: Bitcoin has seen a notable rise in October 2024, with some analysts predicting this month could contribute to Bitcoin’s “Uptober” trend. Historical data suggests October often delivers strong returns for Bitcoin, and this year’s potential increase is supported by Bitcoin’s recent halving, which reduces new BTC supply and typically drives up prices over time. Current trading holds BTC around $65,870, up significantly year-to-date, with predictions for a continued rise amid a bullish sentiment among investors and high demand for ETFs (Cointelegraph, Finbold).

2. Spot Bitcoin ETFs: The recent launch and rising popularity of spot Bitcoin ETFs have contributed to strong institutional inflows, providing easier access for traditional investors to hold Bitcoin. Analysts noted record inflows of over $555 million in a single day this month, showing steady institutional interest, which has contributed to price stability and growth potential for Bitcoin in 2024 (Cointelegraph).

3. Long-Term Price Outlook: Analysts are increasingly optimistic about Bitcoin’s price trajectory, projecting potential new highs beyond $69,000. Some models even suggest the possibility of six-figure targets by early 2025. Key price indicators, like Bitcoin’s reduced supply on exchanges, and its support around the 200-day moving average, suggest that Bitcoin is positioned for a sustained upward trend if demand holds steady (Finbold).

These developments emphasize both Bitcoin’s current strength and its potential for further gains as adoption by institutional and individual investors grows. However, as with any investment, the market remains volatile, and external economic and political factors could impact its trajectory.

In recent days, Bitcoin has been trading within a narrow range between $65,000 and $68,000. Analysts believe that this consolidation phase may persist until a major catalyst, such as the U.S. elections in early November. Market experts anticipate that a decisive election result could lead to a sharp move, potentially pushing Bitcoin toward the $100,000 mark if a pro-Bitcoin candidate wins. Conversely, a less favorable outcome could lead to a temporary market dip as investors react to policy uncertainties around cryptocurrency regulation.

The current bullish sentiment is also supported by declining Bitcoin reserves on exchanges, signaling that investors are holding their assets rather than selling. This is coupled with increased institutional interest, with Bitcoin-focused exchange-traded funds (ETFs) seeing high inflows. Some analysts project that if Bitcoin breaks out of its current range, it could follow historical patterns and reach new all-time highs by late 2024 or early 2025, fueled by ongoing demand from institutional investors and the recent Bitcoin halving event, which reduces new supply.

The price is also finding support at its 200-day simple moving average (SMA) around $63,000, which has been a key technical level in past bull markets. If Bitcoin sustains above this support, it could build momentum for further gains into the end of the year (sources: Cointelegraph, Crypto2Community, CoinGape).

Search Bitcoin news 

Bitcoin has seen significant developments and a strong performance in October 2024. Recently, Bitcoin rose to around $64,327, marking a 5.5% increase, which has been attributed to a combination of market factors. A key factor is the recent Bitcoin halving event, which cut the reward for miners and reduced new Bitcoin supply. Historically, such halvings drive demand and support long-term price growth. Additionally, high demand for spot Bitcoin ETFs has contributed to positive momentum by making Bitcoin more accessible to traditional investors, sparking more institutional interest  .

Notably, the corporate interest in Bitcoin also remains strong. MicroStrategy, a major Bitcoin holder, saw its stock reach new highs, surpassing Microsoft in long-term gains, largely due to its significant BTC holdings. This success has further highlighted Bitcoin’s appeal as a reserve asset for some corporations .

These dynamics, coupled with a broader market recovery and a shift toward Bitcoin as a mainstream asset, have positioned it for potential growth, although volatility remains common.

He does and deems what he believes to be best!

ChatGPT and AI isn’t an algorithm— much more interesting and nuanced ,,,

Tesla’s vehicle delivery breakdown for Q3 2024 is as follows:

1. Model 3 and Model Y: 439,975 vehicles delivered

2. Other Models (Model S, Model X, and Cybertruck): 22,915 vehicles delivered

3. Total Deliveries: 462,890 vehicles delivered

The bulk of Tesla’s deliveries continue to come from the popular Model 3 and Model Y, which significantly outpace other models like the Model S, Model X, and the recently introduced Cybertruck. The deliveries in Q3 reflect a strategy focused on high-demand, high-volume models as Tesla scales production across its major facilities   .

***

Here’s a summary of Tesla’s Q3 2024 financial results in a simplified list format:

1. Earnings per Share (EPS):

• Reported: $0.72 per share

• Expected: $0.58 per share

• Outcome: Beat expectations by $0.14  

2. Revenue:

• Reported: $25.18 billion

• Expected: $25.47 billion

• Outcome: Slight miss due to production constraints and competitive pricing pressures  

3. Vehicle Deliveries:

• Reported: 463,000 vehicles

• Context: Reflects a volume-driven strategy aimed at expanding market share 

4. Profit Margins:

• Impacted by price cuts designed to drive sales volumes

• Suggests potential for tighter profitability if the price-cut strategy continues 

5. Outlook and Challenges:

• Need for balance between maintaining profitability and market expansion

• Competitive pressures in the EV sector may require further innovation or pricing adjustments 

This list summarizes Tesla’s performance and the broader implications of its latest financial results for its market strategy and profitability outlook.

***

Tesla’s recent financial report for Q3 2024 showed mixed results, revealing both strengths and challenges in the current market environment. Tesla posted earnings per share (EPS) of $0.72, beating Wall Street’s consensus estimate of $0.58, indicating strong profitability from cost controls and operational efficiencies. However, Tesla’s revenue for the quarter came in slightly below expectations at $25.18 billion, missing the anticipated $25.47 billion. This revenue shortfall reflects challenges in maintaining growth amid production pressures and price cuts aimed at boosting sales volume, especially as competition intensifies in the EV sector.

Tesla’s vehicle deliveries for the quarter reached 463,000, a moderate increase that aligns with the company’s volume strategy. However, this approach has led to tighter margins, suggesting Tesla might face continued profit pressure if it prioritizes growth over profitability. Investors are watching how Tesla balances this with its continued expansion in autonomous driving and battery production to see if it can sustain its profitability while supporting innovation-driven growth.

Overall, while Tesla’s EPS beat offers some reassurance, the revenue miss underscores the delicate balance it must maintain between expanding its EV market share and protecting its profitability as the industry grows more competitive. Analysts suggest Tesla may need to innovate further or adjust its pricing strategy to continue meeting ambitious financial targets going forward.

For example, let us say that you could afford that Porsche 911, let us just say that you bought it, and also let us assume that you didn’t buy it. If that is the case, … if you actually bought it you own it, you grin knowing that you own it. But if you don’t want to deal with the headache of the maintenance costs, getting double insurance, paying for premium gas or oil changes whatever, then the strategy is to just imagine like you own it in your mind, because you could buy it at any moment notice, and actually the wise idea is to not own it!

Even if you are a Jeff Bezos and a Mark Zuckerberg and you own a bunch of these million dollar cars, even if you have people managing stuff for you… Still, wouldn’t it just be a headache?

this is where an Elon Musk is still more honest; he doesn’t want any of these loser hyper cars, rather he would build his own hyper car, Tesla roadster, cyber truck, Robo taxi, robo van and Tesla bots!

The $6M iPhone — after 20 years for $1,000 USD

***

Here’s a bullet point list showing the growth of a $1,000 investment over 40 years at a 55% annual rate of return:

• Year 0: $1,000.00

• Year 1: $1,550.00

• Year 2: $2,402.50

• Year 3: $3,723.88

• Year 4: $5,772.01

• Year 5: $8,946.61

• Year 6: $13,867.25

• Year 7: $21,494.23

• Year 8: $33,316.06

• Year 9: $51,639.89

• Year 10: $80,041.82

• Year 11: $124,064.83

• Year 12: $192,300.48

• Year 13: $298,065.75

• Year 14: $462,001.91

• Year 15: $716,102.97

• Year 16: $1,109,959.60

• Year 17: $1,720,437.38

• Year 18: $2,666,677.93

• Year 19: $4,133,350.80

• Year 20: $6,406,693.73

• Year 21: $9,930,375.29

• Year 22: $15,392,081.69

• Year 23: $23,857,726.63

• Year 24: $36,979,476.27

• Year 25: $57,318,188.22

• Year 26: $88,843,191.74

• Year 27: $137,706,947.20

• Year 28: $213,445,768.16

• Year 29: $330,840,940.64

• Year 30: $512,803,458.00

• Year 31: $794,845,359.90

• Year 32: $1,232,010,307.84

• Year 33: $1,909,615,977.16

• Year 34: $2,959,904,764.59

• Year 35: $4,587,852,385.12

• Year 36: $7,111,171,196.94

• Year 37: $11,022,315,355.26

• Year 38: $17,084,588,800.65

• Year 39: $26,481,112,641.00

• Year 40: $41,045,724,593.55

Let me know if you’d like further breakdowns or explanations! 

Why money is zero sum; the thousand dollars spent on an iPhone, would you rather buy that new iPhone right now, for present positive utility value, or would you rather put into bitcoin which will appreciate at 55% ARR forever?

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If you’ve recently purchased a home and have owned it for only six months, you might be wondering if you can leverage your property as collateral to access liquid cash for investments like buying Bitcoin. While tapping into your home’s equity shortly after purchase is more challenging, it’s not entirely impossible. This article explores the possibilities, limitations, and steps involved in using your home as collateral to obtain cash within six months of ownership.

Understanding the Basics

Home Equity

Home equity is the difference between your property’s market value and the outstanding balance on your mortgage. Building substantial equity typically takes time through mortgage payments and property appreciation.

Seasoning Period

Most lenders have a “seasoning period”, which is the minimum amount of time you must own the property before you can refinance or take out a home equity loan or line of credit. This period is usually 6 to 12 months, but it can vary by lender and loan type.

Challenges of Accessing Equity After Six Months

Limited Equity Build-Up

• Minimal Principal Paid: In the first six months, your mortgage payments primarily cover interest rather than reducing the principal balance significantly.

• Property Appreciation: Significant appreciation in property value typically doesn’t occur in such a short timeframe unless the market is exceptionally hot.

Lender Restrictions

• Seasoning Requirements: Many lenders require at least 12 months of ownership before allowing cash-out refinancing.

• Loan-to-Value (LTV) Ratios: Lenders often have strict LTV requirements, typically not exceeding 80% for cash-out refinances.

• Creditworthiness: Lenders may have stricter credit score and debt-to-income ratio requirements for borrowers seeking cash-out options shortly after purchase.

Possible Options

Despite the challenges, there are a few avenues you might explore:

1. Cash-Out Refinance

Some lenders may allow a cash-out refinance after six months, especially if:

• Significant Property Value Increase: If your property’s value has increased substantially due to market conditions or improvements you’ve made.

• No Seasoning Requirement: A few lenders might not have a strict seasoning period.

Considerations:

• Higher Interest Rates: Early cash-out refinancing may come with higher interest rates.

• Closing Costs: You’ll incur closing costs again, which can be substantial.

2. Home Equity Line of Credit (HELOC)

A HELOC allows you to borrow against your home’s equity up to a certain limit.

Challenges:

• Seasoning Period: Most HELOC lenders require at least 6-12 months of ownership.

• Sufficient Equity: Limited equity after six months may result in a low credit limit.

3. Second Mortgage

Taking out a second mortgage is another way to access your equity.

Challenges:

• Strict Qualifications: Lenders may have stringent requirements for second mortgages shortly after purchase.

• Higher Interest Rates: Second mortgages often have higher interest rates compared to primary mortgages.

4. Private Lenders or Hard Money Loans

These lenders might offer loans using your home as collateral with less emphasis on seasoning.

Considerations:

• Higher Costs: Interest rates and fees are typically much higher.

• Shorter Terms: Loans may have shorter repayment periods.

Alternative Strategies

Personal Loans

• Unsecured Loans: No collateral required, but interest rates are higher than mortgages.

• Quick Access: Faster approval and funding processes.

Margin Loans on Investment Portfolios

• Securities-Based Lending: Borrow against your existing investment portfolio.

• Risk of Margin Calls: If the value of your investments falls, you may need to provide additional funds.

Wait Until Seasoning Period Ends

• Build More Equity: Waiting allows you to pay down your mortgage and potentially benefit from property appreciation.

• Better Loan Terms: Lenders may offer more favorable terms after the seasoning period.

Risks and Considerations

Investing Borrowed Funds

Using borrowed money, especially secured by your home, to invest in volatile assets like Bitcoin carries significant risks.

• Market Volatility: Bitcoin prices can fluctuate dramatically, potentially leading to substantial losses.

• Increased Debt Burden: Higher loan amounts and payments can strain your finances.

• Risk to Home Ownership: Defaulting on the loan could result in foreclosure.

Regulatory and Lender Restrictions

• Purpose of Funds: Some lenders restrict the use of funds from cash-out refinancing or HELOCs for certain types of investments.

• Disclosure Requirements: Failing to disclose the intended use of funds may violate loan agreements.

Financial Stability

• Emergency Savings: Ensure you have sufficient reserves to cover unexpected expenses.

• Debt-to-Income Ratio: Taking on additional debt affects your borrowing capacity and financial flexibility.

Steps to Proceed if Possible

If you decide to pursue accessing your home’s equity after six months, here are the steps to follow:

1. Assess Your Home’s Current Value

• Professional Appraisal: Hire a certified appraiser to determine if your property’s value has increased.

2. Check Lender Policies

• Seasoning Requirements: Confirm the minimum ownership period required by potential lenders.

• LTV Limits: Understand the maximum loan amount based on your home’s value.

3. Review Your Financial Profile

• Credit Score: Ensure your credit score meets the lender’s requirements.

• Income Verification: Prepare documentation to prove stable and sufficient income.

4. Consult Professionals

• Mortgage Broker: Can help identify lenders willing to work with your situation.

• Financial Advisor: Provides guidance on the risks of investing in Bitcoin with borrowed funds.

• Legal Counsel: Ensures compliance with all contractual and regulatory obligations.

5. Apply for the Loan

• Complete Application: Provide all required information and documentation.

• Disclosure of Intent: Be transparent about your intended use of the funds.

6. Securely Invest in Bitcoin

• Choose a Reputable Exchange: Use trusted platforms for purchasing Bitcoin.

• Implement Security Measures: Protect your investment with secure storage solutions.

Conclusion

Accessing liquid cash from your home’s equity after only six months of ownership is challenging but may be possible under certain circumstances. However, it’s crucial to weigh the risks, especially when considering investing in high-volatility assets like Bitcoin. Always consult with financial professionals to ensure that your decisions align with your long-term financial goals and that you fully understand the implications.

Disclaimer

This article is for informational purposes only and does not constitute financial, investment, or legal advice. Investing in cryptocurrencies carries significant risk, including the potential loss of your entire investment. Borrowing against your home increases your financial risk and could result in the loss of your property. Always consult with qualified professionals before making any financial decisions.

© [Year] [Your Name or Company]. All rights reserved.

Published on [Date]

In recent years, Bitcoin has emerged as a popular investment asset due to its potential for high returns. Some homeowners consider tapping into their home equity to invest in cryptocurrencies like Bitcoin. Refinancing your home to access cash for investment purposes is a significant financial decision that requires careful consideration. This article will guide you through the process of refinancing your home to buy Bitcoin, outlining the steps involved, potential benefits, risks, and essential factors to consider.

Understanding Home Refinancing

Refinancing involves replacing your existing mortgage with a new one, often with different terms. A cash-out refinance allows you to convert a portion of your home equity into cash. Here’s how it works:

• Current Home Value: The market value of your property.

• Existing Mortgage Balance: The amount you still owe on your mortgage.

• Home Equity: The difference between your home’s value and the mortgage balance.

• Cash-Out Amount: The portion of equity you choose to convert into cash during refinancing.

Scenario: Refinancing a $1.2 Million Home to Buy Bitcoin

Initial Purchase Details

• Home Purchase Price: $1,200,000

• Down Payment (30%): $1,200,000 × 30% = $360,000

• Initial Mortgage Balance: $1,200,000 – $360,000 = $840,000

• Interest Rate: 5%

• Loan Term: 30 years fixed

Equity Built Over Time

Assuming you’ve owned the home for several years, you’ve built equity through:

• Mortgage Payments: Reducing your principal balance.

• Appreciation: Increase in the home’s market value.

Let’s assume:

• Current Mortgage Balance: $800,000

• Current Home Value: $1,400,000

• Total Home Equity: $1,400,000 – $800,000 = $600,000

Calculating the Cash-Out Amount

Most lenders allow you to refinance up to 80% of your home’s current value.

1. Maximum Loan Amount at 80% Loan-to-Value (LTV):

2. Available Cash-Out:

3. Closing Costs (Estimated at 3%):

4. Net Cash Received:

New Mortgage Details

• New Loan Amount: $1,120,000

• Interest Rate: 5% (assumed to remain the same)

• Loan Term: 30 years fixed

• Monthly Payment Calculation:

Where:

• = Monthly payment

• = Principal ($1,120,000)

• = Monthly interest rate (5% annual / 12 months = 0.004167)

• = Number of payments (360 months)

Monthly Payment:

• Increase in Monthly Payment:

Previous payment on $840,000 loan:

Difference:

Using the Cash to Buy Bitcoin

With approximately $286,400 in net cash from the refinance, you could choose to invest in Bitcoin. Before doing so, it’s crucial to understand the potential benefits and risks.

Potential Benefits

• Investment Growth: Bitcoin has seen substantial growth historically, offering the potential for high returns.

• Portfolio Diversification: Adding cryptocurrencies can diversify your investment portfolio.

Significant Risks

• Volatility: Bitcoin prices are highly volatile, which can lead to substantial losses.

• Regulatory Changes: Cryptocurrency regulations are evolving and can impact market value.

• Security Concerns: Risks of theft or loss if cryptocurrencies are not stored securely.

• Loss of Home Equity: If Bitcoin’s value drops, you may lose the equity leveraged from your home.

• Increased Debt Burden: Higher monthly mortgage payments and total interest paid over the life of the loan.

Factors to Consider Before Refinancing to Buy Bitcoin

1. Financial Stability

• Emergency Fund: Ensure you have sufficient savings for emergencies.

• Debt-to-Income Ratio: Higher mortgage payments affect your debt-to-income ratio, which could impact future borrowing ability.

2. Investment Strategy

• Risk Tolerance: Assess your ability to withstand potential losses.

• Investment Horizon: Cryptocurrency investments may require a long-term perspective.

3. Market Analysis

• Cryptocurrency Trends: Stay informed about market developments and expert analyses.

• Diversification: Avoid investing all your cash into a single asset.

4. Legal and Tax Implications

• Consult Professionals: Seek advice from financial advisors and tax professionals.

• Capital Gains Tax: Be aware of taxes on cryptocurrency profits.

5. Ethical and Regulatory Considerations

• Lender Policies: Some lenders may have restrictions on using refinanced funds for certain investments.

• Regulatory Compliance: Ensure adherence to all financial regulations regarding investments.

Steps to Proceed

1. Consult a Financial Advisor

Before making any decisions, discuss your plans with a qualified financial advisor to evaluate the suitability of this strategy for your situation.

2. Assess Your Credit and Financial Health

• Credit Score: A higher score may secure better refinancing terms.

• Income Stability: Confirm that you can handle increased mortgage payments.

3. Shop for Lenders

Compare offers from multiple lenders to find the best rates and terms. Be transparent about your intentions, as some lenders may have specific policies regarding the use of funds.

4. Apply for Cash-Out Refinance

Submit your application with all necessary documentation, including proof of income, assets, and property details.

5. Close on the Loan

Review all terms carefully before signing. Pay attention to:

• Interest Rates

• Loan Terms

• Closing Costs

• Prepayment Penalties

6. Securely Purchase Bitcoin

• Choose a Reliable Exchange: Select a reputable cryptocurrency exchange with robust security measures.

• Secure Storage: Use hardware wallets or other secure methods to store your Bitcoin.

• Stay Informed: Continuously monitor your investment and the cryptocurrency market.

Pros and Cons Summary

Pros

• Potential High Returns: Opportunity to capitalize on Bitcoin’s growth.

• Leveraging Equity: Access significant funds without liquidating other assets.

• Tax Advantages: Mortgage interest may be tax-deductible (consult a tax professional).

Cons

• Market Volatility: Risk of significant financial loss if Bitcoin’s value decreases.

• Increased Debt and Payments: Higher mortgage balance and monthly obligations.

• Risk to Home Ownership: Defaulting on mortgage payments could lead to foreclosure.

• No Guaranteed Returns: Unlike paying down your mortgage, investing in Bitcoin does not guarantee financial gain.

Alternative Strategies

• Invest Smaller Amounts: Consider investing only what you can afford to lose without refinancing.

• Home Equity Line of Credit (HELOC): Access equity with potentially lower closing costs and only pay interest on the amount used.

• Diversified Investments: Explore other investment options with lower risk profiles.

Conclusion

Refinancing your home to invest in Bitcoin is a high-risk strategy that requires thorough consideration and professional guidance. While the potential rewards may be enticing, the risks to your financial stability and home ownership are significant. It’s essential to evaluate your financial goals, risk tolerance, and the implications of increased debt before proceeding.

Disclaimer

This article is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry significant risk, and you could lose all your invested capital. Consult with qualified professionals before making any financial decisions.

© [Year] [Your Name or Company]. All rights reserved.

Published on [Date]

Refinancing your home can be a strategic way to access cash by tapping into the equity you’ve built over the years. Whether you’re planning a major renovation, consolidating debt, or investing in new opportunities, leveraging your home’s value can provide the capital you need. In this article, we’ll explore how to refinance your home to get more liquid cash and walk through a detailed example to illustrate the process.

Understanding Home Equity

Home equity is the portion of your property that you truly own—calculated as the difference between your home’s market value and the outstanding balance on your mortgage. As you pay down your mortgage or as your property’s value increases, your equity grows.

For example:

• Current Home Value: $1,000,000

• Remaining Mortgage Balance: $400,000

• Home Equity: $1,000,000 – $400,000 = $600,000

This means you have $600,000 in equity that you could potentially access through refinancing.

Why Refinance for Cash?

Refinancing for cash, commonly known as a cash-out refinance, allows you to replace your existing mortgage with a new, larger one. The difference between the two loans is paid out to you in cash. This can be an attractive option because mortgage interest rates are typically lower than rates for personal loans or credit cards, and the interest may be tax-deductible (consult a tax professional for advice).

Steps to Refinance Your Home for Cash

1. Evaluate Your Financial Goals

Determine why you need the cash and how much you require. Common reasons include:

• Home improvements or renovations

• Debt consolidation

• Investing in education or business ventures

• Emergency expenses

2. Check Your Credit Score

A higher credit score can secure better interest rates and loan terms. Obtain your credit report and address any inaccuracies before applying.

3. Assess Your Home’s Value

Get a professional appraisal to determine your home’s current market value. Lenders will use this figure to calculate how much you can borrow.

4. Understand Loan-to-Value (LTV) Ratios

Most lenders allow a maximum LTV ratio of 80%. This means you can borrow up to 80% of your home’s appraised value.

Using our example:

• Maximum Loan Amount: 80% of $1,000,000 = $800,000

5. Calculate Potential Cash Out

Subtract your existing mortgage balance from the maximum loan amount to find out how much cash you can receive.

• Cash Available: $800,000 – $400,000 = $400,000

6. Shop Around for Lenders

Compare offers from multiple lenders to find the best interest rates and terms. Pay attention to:

• Interest rates

• Closing costs

• Loan terms (fixed or adjustable rates)

• Any additional fees

7. Apply for the Loan

Submit your application along with required documentation:

• Proof of income (pay stubs, tax returns)

• Asset statements (bank accounts, investments)

• Identification

• Existing mortgage details

8. Close on the Loan

Once approved, you’ll go through the closing process:

• Review and sign all loan documents

• Pay closing costs (usually 2-5% of the loan amount)

• Receive your cash payout after the loan funds are disbursed

Detailed Example: Refinancing a $1 Million Home at 5% Interest

Let’s dive deeper into our earlier example to illustrate the financial implications.

Scenario Overview

• Current Home Value: $1,000,000

• Existing Mortgage Balance: $400,000 at 5% interest

• Desired Cash-Out Amount: Maximum allowable

• New Loan Interest Rate: 5% (assumed same as current rate)

• Loan Term: 30 years fixed

Calculations

1. Determine Maximum Loan Amount

• LTV Ratio: 80% of $1,000,000 = $800,000

2. Calculate Cash-Out Amount

• Cash Available Before Closing Costs: $800,000 (new loan) – $400,000 (existing mortgage) = $400,000

3. Estimate Closing Costs

• Closing Costs (Estimated at 3%): 3% of $800,000 = $24,000

4. Net Cash Received

• Net Cash: $400,000 – $24,000 = $376,000

5. New Monthly Mortgage Payment

Using the mortgage payment formula:

Where:

• = Monthly payment

• = Principal ($800,000)

• = Monthly interest rate (5% annual / 12 months = 0.004167)

• = Number of payments (30 years × 12 months = 360)

Plugging in the numbers:

New Monthly Payment: Approximately $4,295

6. Total Interest Over the Life of the Loan

• Total Payments Over 30 Years: $4,295 × 360 = $1,546,200

• Total Interest Paid: $1,546,200 – $800,000 = $746,200

Financial Impact

• Increase in Loan Amount: $800,000 – $400,000 = $400,000

• Increase in Monthly Payment: New payment is based on $800,000 rather than $400,000

• Net Cash Received: $376,000 after closing costs

• Additional Interest Paid Over Life of Loan: $746,200

Pros and Cons of Cash-Out Refinancing

Pros

• Access to Significant Cash: Ideal for large expenses or investments.

• Potential Tax Benefits: Interest may be tax-deductible if used for home improvements.

• Consolidate High-Interest Debt: Replace costly debts with lower-interest mortgage debt.

Cons

• Increased Debt Load: Higher mortgage balance and monthly payments.

• Closing Costs: Can be substantial and reduce net cash received.

• Risk of Foreclosure: Defaulting on payments could lead to losing your home.

Tips for a Successful Refinance

• Improve Your Credit Score: A higher score can lower your interest rate.

• Reduce Existing Debt: Lower debt-to-income ratios make you more attractive to lenders.

• Consider the Timing: Refinance when interest rates are favorable.

• Plan for Closing Costs: Budget for these expenses to avoid surprises.

Is Cash-Out Refinancing Right for You?

Cash-out refinancing can be a powerful financial tool, but it’s essential to weigh the benefits against the risks. Consider your long-term financial goals and consult with a financial advisor to determine if this strategy aligns with your needs.

Conclusion

Refinancing your home to access cash involves careful consideration and planning. By understanding the process and evaluating your financial situation, you can make informed decisions that support your goals. Always shop around for the best rates and consult professionals to guide you through this significant financial transaction.

Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial advice. Please consult with a financial professional before making any refinancing decisions.

Also, the higher off the floor, the worse you are?

Note, the best car is some sort of either middle height car, or low car, a performance car is always close to the floor.

signal is your gut, noise is everything else?

Video

Video podcast

The hardest thing on the planet and universe?

audio

Digital Capital

Brave New World of digital capital,

So it looks like microstrategy, MSTR stock is gonna hit $300 this year soon; earnings report incoming October 30th.

And some big news, the FASB.org financial accounting standards board, they updated their accounting standards to include bitcoin and crypto,  which is an insanely big deal because starting January 2025, essentially companies corporations like Apple can start to add bitcoin to their balance sheet, being able to accurately mark their assets and capital in bitcoin, openly transparently, fair accounting.

Anyways, the reason why this is such a big deal is that for a long time, especially thinking about bitcoin pizza day, in which a guy bought two medium sized Domino’s pizzas with about 100,000 bitcoins, maybe worth about $200 million today, back when it was worth nothing, round 2009, my junior year of college.

Anyways, back in the day actually whether it was our sophomore or junior year, I still will never forget how my roommate Kevin told me that we should’ve bought some bitcoins, like 100 or so, Windows trading for pennies. At first I dismissed him saying that it would be a scam;

In the past I regretted this, but now… No, I am even more convinced. 100% of my assets into bitcoin, the first and true digital capital, this is like the early days of the Internet!

And also, for Roth IRA, IRA and retirement, the traditional market, literally micro strategies only safe to invest in; my critical thinking and understanding is there is too many risk factors for all these other corporations, even Apple, which seems like the safest bet, it might be the other and only “safe” Investment out there which will last 30 years, but my bearish view is that within 30 years, Apple might be bleeding and dying a slow slow death.

In fact, my unorthodox view is that actually, not investing in bitcoin is the risky idea?

Excitement optimism and joy! 

A random thought this morning was actually, maybe investing in apple is actually the unethical thing to do; think about all the mainland Chinese workers that fox con exploits, and as long as mainland China is doing acts of genocide all around the planet, and Apple is OK with that… Because Fox con should also be understood as essentially just another puppet or arm of the mainland Chinese corporation government, then, in theory to invest in Apple is to low-key accept all the human rights violations that mainland China does around the globe.

Everyone loves to talk about how climate change is so bad, racism is so bad, eating animals is bad blah blah blah, but yet nobody talks about how mainland China, is committing genocide all around the planet? And everybody knows it; and yet everyone still feels OK buying new iPhones?

Once again, if you are some sort of plant-based, anti-meat eating, pro environment person, yet you have an Instagram a Snapchat a Facebook a YouTube a TikTok whatever… No, this is not ethical.

why bitcoin is ethical.

To anybody who says that bitcoin is bad for the environment or the planet blah blah blah, essentially they were suckered by Sam Bankman-Fried and these evil corners, who sent she made air tokens which means fake value out of fakeness.

So, question… Do you think that air conditioning is bad for the planet? How about iPhones? How about the Internet? How about your hybrid Prius, your Tesla car, public transportation?

How about heaters?

How about washers and dryers?

So washers and dryers and air conditioning currently wastes about 20% of the world’s electricity – do you think the trade-off is worth it? If you have ever lived in Southeast Asia, Texas and the like, obviously!

What is commonly misunderstood about bitcoin is that it actually might be the most ethical energy use; actually, the economics of bitcoin mining is that it actually makes more sense to invest in energy efficient bitcoin mining rigs, near stranded energy sources like ideally building it at the edges of the grid, next to hydroelectric power plants etc.

What is actually very very interesting is that once you create a bitcoin, it lasts forever! The maintenance cost of bitcoin is practically 0%; whereas even gold, the world second best asset, bleeds at around 2% a year; which means that in about 60 years your value goes down by half.

Economic immortality?

So everyone is trying to become immortal in Silicon Valley or whatever… But instead, maybe what if economic immortality were more interesting?

This means, building up a war chest for your kids kids kids. So when your kids kids kids have kids they will be able to do great things on the planet!

No no no, the world is not going to melt. Ignore Al Gore and all these fake fear porn people; who essentially profit off of your fear! This includes Google, who makes more ad revenue The more people click on climate change articles.

Bitcoin is hope, bitcoin is a promise for a more glorious future!

Why do I care? 

For me, considering the fact that I grew up poor, essentially I think of bitcoin like unethical imperative. The idea of saving up money for the future, building up capital for the future, and also my belief in open source; to me… Bitcoin might be the most ethical thing on the planet? That is censorship resistant, open source, and also… A political, which means that America doesn’t need to keep committing war atrocities in order to support the value of the US dollar.

What is interesting is that all of these weird conspiracy theory people in America, the ones that tell you that the Rothschild in these Jewish bank organizations run the planet blah blah blah, that Israel is evil blah blah blah, actually the real bad guy is America, The US government, the American military, which essentially bankrolls Israel.

I think the best way to think about Israel is that essentially it is just like another military outpost for America, to maintain control over the region, kind of like South Korea, to have a strategic position against North Korea mainland China etc.

Koreans, South Korean don’t want to accept or think is that essentially South Korea is a neocolony of America, a new colony of America. As long as American military support South Korea and maintaining the 38th parallel, South Korea is essentially forever indebted to America.

Also let us not forget that Israel, was essentially established, with the guiding hand of America. Without America, Israel as a state would not exist.

So rather than pointing the finger at Israel, which actually does seem that the Prime Minister of Israel has done really terrible things, especially to the Palestinians, Hamas also seems like the bad guys, the innocent people are the civilians women and children. But really really really, the real bad guy is America, and the sad truth is without American military dominance on the planet, the US dollar supremacy would not exist.

Even if you are a liberal Democrat, anti-war; assuming that you have US dollars in your bank account, you have a JP Morgan Chase or Fidelity or Citibank, or Bank of America… assuming that your salary is being paid in US dollars, and let us remember that almost all the currencies on the planet, even the Chinese yuan are essentially pegged to the US dollar,  without the Fed printing more money to pay military contractors for the US defense government, the US dollar would not have any value.

So what is the solution? Super simple buy bitcoin. In theory, buying bitcoin not the US dollar, could help solve violence that destruction and genocide on the planet, and solve at least 50% of the world issues; considering that about 50% of the world’s issues are about money. If you’re from a broken family, or if there has ever been any debt or bankruptcy or credit card debt, or gambling in your family, lot of it is actually embedded in financial issues.

Think first principles

Actually, the best way to think about bitcoin is not to listen to your favorite YouTuber or podcaster, but to think first principles, and going back to the source.

For myself, the most interesting book on economics I have ever read is DELLA MONETA bye the Italian Fernand Galliani, who surprisingly wrote the whole treaty when he was only 21 years old, masquerading as a six-year-old man. Essentially I discovered Galliani via Frederich Nietzsche,  who quotes Galliani all the time; like some of my favorite quotes include from Galliani “better to be a gay monster than a sentimental bore”, or the idea that Eagles fly solo.

Anyways, Galliani talks about money and why it has value; and talk specifically about gold and silver and how in America at the time… The Quakers would actually trade paper money which was considered insane at the time.

To summarize, Galliani said that gold was the most valuable asset and money because it was both beautiful, used for decorations and jewelry, like making your child beautiful by giving them cold jewelry, and also… The fact that it was resistant and robust against the elements, it lasted a long time, and was also rare on the planet difficult to find. And also, how the color in itself is the most beautiful as it shines like the sun. Have a theory the reason why he was like is that in fact, we love this golden yellow color because it simulates the sun and the light, Let us not forget that most of the ancient world they praise the sun God.

But then again Galli mentions wisely how inflation happens and how money is valued, like when the Spanish conquistadors discovered gold in the New World, and brought it back to Europe, the value of gold plummeted because it became less rare. And also in history, there were many places on the planet in which silver was actually more rare than gold, and therefore in some parts of the world silver was actually more prized!

Essentially the moral the story is that money is a man-made concept; and even the notion of capital comes from the notion cap, head, Kaputt, caput– like literally the head of oxen. Even in the Iliad, a hectic comb is the sacrifice of 100 oxen, to appease Zeus and the gods. Even in today’s world, in which an adult oxen could cost you $1000, can you imagine sacrificing 100 oxen to appease the gods?  it’s like almost burning $100,000, to get the gods to not get angry at you; very expensive. Like a single cyber truck!

What’s the point of capital?

There are some simple things, like paying rent and groceries. But beyond this, what is the point of money and capital?

At this point, I’m starting to think of capital and accumulation like the most interesting fun game! 1, trillion times more interesting that any video game out there because it actually has to deal with reality; the problem with all the video games is none of them are actually based in physics or the real world; even professional sports which is essentially a prostitution of the body, is beridden with steroids and drugs and all this bad stuff. The only useful professional sports seems to be the UFC or mixed martial arts, as it might benefit you in a street fight, everything else seems quite useless.

Also a lot of guys were interested, a lot of fools make that analogy that thinking that some sort of chess grandmaster would be a great military strategist, but this is not the case. Because to sacrifice upon is very different than sacrificing the life of a human being. And also… The real world is 1 trillion times more messy than chess, Which has strict rules.

And also in theory… Any skinny fat loser could be really really good at chess, like number one on the planet. But how would he do in a street fight, or player versus player combat? Let us not forget our manly virtues; ultimately… It don’t matter how rich you are or how smart or successful you are, if you do not have physical valor and strength, you got nothing. 

Good role models

I think having a good role model is critical. Like a Steve Jobs, except he is dead now. In fact, Apple today is kind of a former shell of Steve Jobs original vision; now that Jony Ive has left Apple, Apple is like the new Microsoft. There is no more sex in Apple.

Even Elon Musk has a joke that failed Tesla or SpaceX engineers go to Apple; much more difficult to design a self driving car or a spaceship or a rocketship rather than the next mediocre iPhone.

Michael Saylor, also talks about risks of most securities, like a simple one; how do you know that the iPhone 55 pro will be any good or not? And how do you know if one day… Mainly China closes the doors to international traded manufacturing, if Apple no longer can create iPhones in mainland China with Foxconn, then what? Certainly Apple cannot maintain her monopoly profits if she produced iPhones in Nebraska or in the Midwest, maybe Vietnam but even Vietnam is kind of in bed with mainland China, so if overnight, Vietnam closes her borders to America, Apple would be in big trouble.

I wonder if mainland China’s long-term vision is to continue to steal and help her trade secrets with Apple and American corporations like Microsoft and Bill Gates, and then eventually just close her borders to America, and hoping that Huawei could take over the planet? Currently the fact that TikTok is dominating America, maybe her plan is working?

---

Back to us

So taking things back to us;

First, it seems the interesting idea here is that maybe we should not worry too much about macro economics, like solving global poverty issues here etc., but just starting with ourselves and our own family. 

The first one I think is that the simplest way to become rich is to just not get poor, which means don’t buy the new iPhone Pro, don’t buy a new car or Tesla, don’t buy a single-family home even if you could afford it, better to rent indefinitely and put your money into bitcoin, which will go out forever without any maintenance costs, whereas I think if you think about investing in a single-family home… It seems like a good investment idea, but because of the mortgage interest rates, assuming that your mortgage is above 0%, you’re essentially bleeding yourself dry, I almost wonder how much of modern day economics is about buying a single family at home and a mortgage, because the banks want to just profit off of this idea?

Once again even if you had a very very low interest rate, even if you’re paying about 2%, sooner or later, the interest itself will kill you. And right now the interest rate is around 7 to 8%; too expensive!

And also once again, even if the asset of your home goes up in value, after the cost of maintenance, fixing your roof and water heater and 1 trillion other things which could break, but that means your acid value goes down infinitely because you bleed yourself dry doing maintenance and renovations etc.

And also, I think a big thing is once you buy a single-family home or even a condo… Every time you come home, you’ll think to yourself, all of the upgrades and maintenance that you have not yet done, that you need to do. Even for me right now, I’ve been putting off changing the oil in my 2010 Prius for over a month, barely finding time to even do that! Whether I do it myself or go to a dude, I don’t think homeownership is right for me, or most millennials because we have no skills for home maintenance?

The best lifestyle is a zero maintenance lifestyle

You don’t want a high maintenance girlfriend wife spouse partner, dog, or negative yielding asset like a Ferrari Lamborghini Porsche etc.

The more maintenance, the worse your life, the more headaches the more stress, the more misery.

I think the sucker of capitalism is that we think that if we purchase these high-yielding stuff, we think we will be happy. But no. If you are happy paying for $1,000 oil changes in your Lamborghini or Ferrari or Porsche 911 GT 3 RS, yes! And I think what I discovered is it doesn’t matter how rich or poor you are; nobody likes to pay for these things.

I think the peel of having a Tesla is you never have to get another oil change again. But then again the issue here is that the battery is not designed to last forever, let alone 30 years.

At least your Toyota Prius might last you 30 years, I don’t think any Tesla or electric car will.

Go long

On a long enough time span, thinking 30 years, things become simple. You don’t need to overthink things too much.

How to make free money

Currently the infinite money hack and trick I discovered is this:

Purchase microstrategy stock with your traditional account, ride it up, and when the value is high, sell the pure profit, and then use that money to purchase bitcoin! And essentially ride it up forever.

Ideally purchase the bitcoin when microstrategy stock is high, and buy bitcoin when it is a bit low.  but either way, the ultimate goal is to acquire as many bitcoins as humanly possible, he or she with the most bitcoin shall win.

Even Michael Saylor revealed in an interview with Maddy Reid, the reporter from New Zealand, that his and micro strategies goal was to acquire the mythical Nakamoto, which is 1 million bitcoins,  the same number of bitcoins in the wallet of Satoshi Nakamoto, the founder of bitcoin. Also what is a big deal is that since Satoshi was born, he has never touched his bitcoins, or moved them. And also what is interesting is that Satoshi disappeared, the immaculate conception of bitcoin.

Also another reason I believe in it is that there was only first one bitcoin version, no version two. This is the reason why I ended up ditching chain-link when they released the second white paper, and also Ethereum is bad because of all the hard forks, And different versions.

Day trader? 

I don’t know if this is just a trend, or somehow… When people ask me what I do for a living, I’ve actually been getting “day trader” a lot.

I suppose in some ways I kind of am because I’m watching bitcoin and micro strategy like a hawk, and I consume every single Michael sailor interview that comes out. I think I have literally watched every single interview he has ever done, from four years ago up until now. And he has been consistent and wise and insightful the whole time; and also what is very meaningful is that the last four years, he has never once advertised his own company, I didn’t even know what MicroStrategy was up until maybe six months ago? 

---

Why the future?

My philosophical idea is that capital, capitalism, investing is all about the future and optimism. This is critical because the world is so emo dark morose and pessimistic; if you’re an investor, do you think that the future is going to be more beautiful more Urías! If you think that the future is going to be death and destruction, you don’t invest, you just consume for today’s hedonic pleasure.

Therefore as a consequence, the philosophy investing is for the future; we believe in the future seek it and love it!

ERIC

Bitcoin Universe

Digital Capital

Brave New World of digital capital,

So it looks like microstrategy, MSTR stock is gonna hit $300 this year soon; earnings report incoming October 30th.

And some big news, the FASB.org financial accounting standards board, they updated their accounting standards to include bitcoin and crypto,  which is an insanely big deal because starting January 2025, essentially companies corporations like Apple can start to add bitcoin to their balance sheet, being able to accurately mark their assets and capital in bitcoin, openly transparently, fair accounting.

Anyways, the reason why this is such a big deal is that for a long time, especially thinking about bitcoin pizza day, in which a guy bought two medium sized Domino’s pizzas with about 100,000 bitcoins, maybe worth about $200 million today, back when it was worth nothing, round 2009, my junior year of college.

Anyways, back in the day actually whether it was our sophomore or junior year, I still will never forget how my roommate Kevin told me that we should’ve bought some bitcoins, like 100 or so, Windows trading for pennies. At first I dismissed him saying that it would be a scam;

In the past I regretted this, but now… No, I am even more convinced. 100% of my assets into bitcoin, the first and true digital capital, this is like the early days of the Internet!

And also, for Roth IRA, IRA and retirement, the traditional market, literally micro strategies only safe to invest in; my critical thinking and understanding is there is too many risk factors for all these other corporations, even Apple, which seems like the safest bet, it might be the other and only “safe” Investment out there which will last 30 years, but my bearish view is that within 30 years, Apple might be bleeding and dying a slow slow death.

In fact, my unorthodox view is that actually, not investing in bitcoin is the risky idea?

Excitement optimism and joy! 

A random thought this morning was actually, maybe investing in apple is actually the unethical thing to do; think about all the mainland Chinese workers that fox con exploits, and as long as mainland China is doing acts of genocide all around the planet, and Apple is OK with that… Because Fox con should also be understood as essentially just another puppet or arm of the mainland Chinese corporation government, then, in theory to invest in Apple is to low-key accept all the human rights violations that mainland China does around the globe.

Everyone loves to talk about how climate change is so bad, racism is so bad, eating animals is bad blah blah blah, but yet nobody talks about how mainland China, is committing genocide all around the planet? And everybody knows it; and yet everyone still feels OK buying new iPhones?

Once again, if you are some sort of plant-based, anti-meat eating, pro environment person, yet you have an Instagram a Snapchat a Facebook a YouTube a TikTok whatever… No, this is not ethical.

why bitcoin is ethical.

To anybody who says that bitcoin is bad for the environment or the planet blah blah blah, essentially they were suckered by Sam Bankman-Fried and these evil corners, who sent she made air tokens which means fake value out of fakeness.

So, question… Do you think that air conditioning is bad for the planet? How about iPhones? How about the Internet? How about your hybrid Prius, your Tesla car, public transportation?

How about heaters?

How about washers and dryers?

So washers and dryers and air conditioning currently wastes about 20% of the world’s electricity – do you think the trade-off is worth it? If you have ever lived in Southeast Asia, Texas and the like, obviously!

What is commonly misunderstood about bitcoin is that it actually might be the most ethical energy use; actually, the economics of bitcoin mining is that it actually makes more sense to invest in energy efficient bitcoin mining rigs, near stranded energy sources like ideally building it at the edges of the grid, next to hydroelectric power plants etc.

What is actually very very interesting is that once you create a bitcoin, it lasts forever! The maintenance cost of bitcoin is practically 0%; whereas even gold, the world second best asset, bleeds at around 2% a year; which means that in about 60 years your value goes down by half.

Economic immortality?

So everyone is trying to become immortal in Silicon Valley or whatever… But instead, maybe what if economic immortality were more interesting?

This means, building up a war chest for your kids kids kids. So when your kids kids kids have kids they will be able to do great things on the planet!

No no no, the world is not going to melt. Ignore Al Gore and all these fake fear porn people; who essentially profit off of your fear! This includes Google, who makes more ad revenue The more people click on climate change articles.

Bitcoin is hope, bitcoin is a promise for a more glorious future!

Why do I care? 

For me, considering the fact that I grew up poor, essentially I think of bitcoin like unethical imperative. The idea of saving up money for the future, building up capital for the future, and also my belief in open source; to me… Bitcoin might be the most ethical thing on the planet? That is censorship resistant, open source, and also… A political, which means that America doesn’t need to keep committing war atrocities in order to support the value of the US dollar.

What is interesting is that all of these weird conspiracy theory people in America, the ones that tell you that the Rothschild in these Jewish bank organizations run the planet blah blah blah, that Israel is evil blah blah blah, actually the real bad guy is America, The US government, the American military, which essentially bankrolls Israel.

I think the best way to think about Israel is that essentially it is just like another military outpost for America, to maintain control over the region, kind of like South Korea, to have a strategic position against North Korea mainland China etc.

Koreans, South Korean don’t want to accept or think is that essentially South Korea is a neocolony of America, a new colony of America. As long as American military support South Korea and maintaining the 38th parallel, South Korea is essentially forever indebted to America.

Also let us not forget that Israel, was essentially established, with the guiding hand of America. Without America, Israel as a state would not exist.

So rather than pointing the finger at Israel, which actually does seem that the Prime Minister of Israel has done really terrible things, especially to the Palestinians, Hamas also seems like the bad guys, the innocent people are the civilians women and children. But really really really, the real bad guy is America, and the sad truth is without American military dominance on the planet, the US dollar supremacy would not exist.

Even if you are a liberal Democrat, anti-war; assuming that you have US dollars in your bank account, you have a JP Morgan Chase or Fidelity or Citibank, or Bank of America… assuming that your salary is being paid in US dollars, and let us remember that almost all the currencies on the planet, even the Chinese yuan are essentially pegged to the US dollar,  without the Fed printing more money to pay military contractors for the US defense government, the US dollar would not have any value.

So what is the solution? Super simple buy bitcoin. In theory, buying bitcoin not the US dollar, could help solve violence that destruction and genocide on the planet, and solve at least 50% of the world issues; considering that about 50% of the world’s issues are about money. If you’re from a broken family, or if there has ever been any debt or bankruptcy or credit card debt, or gambling in your family, lot of it is actually embedded in financial issues.

Think first principles

Actually, the best way to think about bitcoin is not to listen to your favorite YouTuber or podcaster, but to think first principles, and going back to the source.

For myself, the most interesting book on economics I have ever read is DELLA MONETA bye the Italian Fernand Galliani, who surprisingly wrote the whole treaty when he was only 21 years old, masquerading as a six-year-old man. Essentially I discovered Galliani via Frederich Nietzsche,  who quotes Galliani all the time; like some of my favorite quotes include from Galliani “better to be a gay monster than a sentimental bore”, or the idea that Eagles fly solo.

Anyways, Galliani talks about money and why it has value; and talk specifically about gold and silver and how in America at the time… The Quakers would actually trade paper money which was considered insane at the time.

To summarize, Galliani said that gold was the most valuable asset and money because it was both beautiful, used for decorations and jewelry, like making your child beautiful by giving them cold jewelry, and also… The fact that it was resistant and robust against the elements, it lasted a long time, and was also rare on the planet difficult to find. And also, how the color in itself is the most beautiful as it shines like the sun. Have a theory the reason why he was like is that in fact, we love this golden yellow color because it simulates the sun and the light, Let us not forget that most of the ancient world they praise the sun God.

But then again Galli mentions wisely how inflation happens and how money is valued, like when the Spanish conquistadors discovered gold in the New World, and brought it back to Europe, the value of gold plummeted because it became less rare. And also in history, there were many places on the planet in which silver was actually more rare than gold, and therefore in some parts of the world silver was actually more prized!

Essentially the moral the story is that money is a man-made concept; and even the notion of capital comes from the notion cap, head, Kaputt, caput– like literally the head of oxen. Even in the Iliad, a hectic comb is the sacrifice of 100 oxen, to appease Zeus and the gods. Even in today’s world, in which an adult oxen could cost you $1000, can you imagine sacrificing 100 oxen to appease the gods?  it’s like almost burning $100,000, to get the gods to not get angry at you; very expensive. Like a single cyber truck!

What’s the point of capital?

There are some simple things, like paying rent and groceries. But beyond this, what is the point of money and capital?

At this point, I’m starting to think of capital and accumulation like the most interesting fun game! 1, trillion times more interesting that any video game out there because it actually has to deal with reality; the problem with all the video games is none of them are actually based in physics or the real world; even professional sports which is essentially a prostitution of the body, is beridden with steroids and drugs and all this bad stuff. The only useful professional sports seems to be the UFC or mixed martial arts, as it might benefit you in a street fight, everything else seems quite useless.

Also a lot of guys were interested, a lot of fools make that analogy that thinking that some sort of chess grandmaster would be a great military strategist, but this is not the case. Because to sacrifice upon is very different than sacrificing the life of a human being. And also… The real world is 1 trillion times more messy than chess, Which has strict rules.

And also in theory… Any skinny fat loser could be really really good at chess, like number one on the planet. But how would he do in a street fight, or player versus player combat? Let us not forget our manly virtues; ultimately… It don’t matter how rich you are or how smart or successful you are, if you do not have physical valor and strength, you got nothing. 

Good role models

I think having a good role model is critical. Like a Steve Jobs, except he is dead now. In fact, Apple today is kind of a former shell of Steve Jobs original vision; now that Jony Ive has left Apple, Apple is like the new Microsoft. There is no more sex in Apple.

Even Elon Musk has a joke that failed Tesla or SpaceX engineers go to Apple; much more difficult to design a self driving car or a spaceship or a rocketship rather than the next mediocre iPhone.

Michael Saylor, also talks about risks of most securities, like a simple one; how do you know that the iPhone 55 pro will be any good or not? And how do you know if one day… Mainly China closes the doors to international traded manufacturing, if Apple no longer can create iPhones in mainland China with Foxconn, then what? Certainly Apple cannot maintain her monopoly profits if she produced iPhones in Nebraska or in the Midwest, maybe Vietnam but even Vietnam is kind of in bed with mainland China, so if overnight, Vietnam closes her borders to America, Apple would be in big trouble.

I wonder if mainland China’s long-term vision is to continue to steal and help her trade secrets with Apple and American corporations like Microsoft and Bill Gates, and then eventually just close her borders to America, and hoping that Huawei could take over the planet? Currently the fact that TikTok is dominating America, maybe her plan is working?

---

Back to us

So taking things back to us;

First, it seems the interesting idea here is that maybe we should not worry too much about macro economics, like solving global poverty issues here etc., but just starting with ourselves and our own family. 

The first one I think is that the simplest way to become rich is to just not get poor, which means don’t buy the new iPhone Pro, don’t buy a new car or Tesla, don’t buy a single-family home even if you could afford it, better to rent indefinitely and put your money into bitcoin, which will go out forever without any maintenance costs, whereas I think if you think about investing in a single-family home… It seems like a good investment idea, but because of the mortgage interest rates, assuming that your mortgage is above 0%, you’re essentially bleeding yourself dry, I almost wonder how much of modern day economics is about buying a single family at home and a mortgage, because the banks want to just profit off of this idea?

Once again even if you had a very very low interest rate, even if you’re paying about 2%, sooner or later, the interest itself will kill you. And right now the interest rate is around 7 to 8%; too expensive!

And also once again, even if the asset of your home goes up in value, after the cost of maintenance, fixing your roof and water heater and 1 trillion other things which could break, but that means your acid value goes down infinitely because you bleed yourself dry doing maintenance and renovations etc.

And also, I think a big thing is once you buy a single-family home or even a condo… Every time you come home, you’ll think to yourself, all of the upgrades and maintenance that you have not yet done, that you need to do. Even for me right now, I’ve been putting off changing the oil in my 2010 Prius for over a month, barely finding time to even do that! Whether I do it myself or go to a dude, I don’t think homeownership is right for me, or most millennials because we have no skills for home maintenance?

The best lifestyle is a zero maintenance lifestyle

You don’t want a high maintenance girlfriend wife spouse partner, dog, or negative yielding asset like a Ferrari Lamborghini Porsche etc.

The more maintenance, the worse your life, the more headaches the more stress, the more misery.

I think the sucker of capitalism is that we think that if we purchase these high-yielding stuff, we think we will be happy. But no. If you are happy paying for $1,000 oil changes in your Lamborghini or Ferrari or Porsche 911 GT 3 RS, yes! And I think what I discovered is it doesn’t matter how rich or poor you are; nobody likes to pay for these things.

I think the peel of having a Tesla is you never have to get another oil change again. But then again the issue here is that the battery is not designed to last forever, let alone 30 years.

At least your Toyota Prius might last you 30 years, I don’t think any Tesla or electric car will.

Go long

On a long enough time span, thinking 30 years, things become simple. You don’t need to overthink things too much.

How to make free money

Currently the infinite money hack and trick I discovered is this:

Purchase microstrategy stock with your traditional account, ride it up, and when the value is high, sell the pure profit, and then use that money to purchase bitcoin! And essentially ride it up forever.

Ideally purchase the bitcoin when microstrategy stock is high, and buy bitcoin when it is a bit low.  but either way, the ultimate goal is to acquire as many bitcoins as humanly possible, he or she with the most bitcoin shall win.

Even Michael Saylor revealed in an interview with Maddy Reid, the reporter from New Zealand, that his and micro strategies goal was to acquire the mythical Nakamoto, which is 1 million bitcoins,  the same number of bitcoins in the wallet of Satoshi Nakamoto, the founder of bitcoin. Also what is a big deal is that since Satoshi was born, he has never touched his bitcoins, or moved them. And also what is interesting is that Satoshi disappeared, the immaculate conception of bitcoin.

Also another reason I believe in it is that there was only first one bitcoin version, no version two. This is the reason why I ended up ditching chain-link when they released the second white paper, and also Ethereum is bad because of all the hard forks, And different versions.

Day trader? 

I don’t know if this is just a trend, or somehow… When people ask me what I do for a living, I’ve actually been getting “day trader” a lot.

I suppose in some ways I kind of am because I’m watching bitcoin and micro strategy like a hawk, and I consume every single Michael sailor interview that comes out. I think I have literally watched every single interview he has ever done, from four years ago up until now. And he has been consistent and wise and insightful the whole time; and also what is very meaningful is that the last four years, he has never once advertised his own company, I didn’t even know what MicroStrategy was up until maybe six months ago? 

---

Why the future?

My philosophical idea is that capital, capitalism, investing is all about the future and optimism. This is critical because the world is so emo dark morose and pessimistic; if you’re an investor, do you think that the future is going to be more beautiful more Urías! If you think that the future is going to be death and destruction, you don’t invest, you just consume for today’s hedonic pleasure.

Therefore as a consequence, the philosophy investing is for the future; we believe in the future seek it and love it!

ERIC

Digital Capital

Brave New World of digital capital,

So it looks like microstrategy, MSTR stock is gonna hit $300 this year soon; earnings report incoming October 30th.

And some big news, the FASB.org financial accounting standards board, they updated their accounting standards to include bitcoin and crypto,  which is an insanely big deal because starting January 2025, essentially companies corporations like Apple can start to add bitcoin to their balance sheet, being able to accurately mark their assets and capital in bitcoin, openly transparently, fair accounting.

Anyways, the reason why this is such a big deal is that for a long time, especially thinking about bitcoin pizza day, in which a guy bought two medium sized Domino’s pizzas with about 100,000 bitcoins, maybe worth about $200 million today, back when it was worth nothing, round 2009, my junior year of college.

Anyways, back in the day actually whether it was our sophomore or junior year, I still will never forget how my roommate Kevin told me that we should’ve bought some bitcoins, like 100 or so, Windows trading for pennies. At first I dismissed him saying that it would be a scam;

In the past I regretted this, but now… No, I am even more convinced. 100% of my assets into bitcoin, the first and true digital capital, this is like the early days of the Internet!

And also, for Roth IRA, IRA and retirement, the traditional market, literally micro strategies only safe to invest in; my critical thinking and understanding is there is too many risk factors for all these other corporations, even Apple, which seems like the safest bet, it might be the other and only “safe” Investment out there which will last 30 years, but my bearish view is that within 30 years, Apple might be bleeding and dying a slow slow death.

In fact, my unorthodox view is that actually, not investing in bitcoin is the risky idea?

Excitement optimism and joy! 

A random thought this morning was actually, maybe investing in apple is actually the unethical thing to do; think about all the mainland Chinese workers that fox con exploits, and as long as mainland China is doing acts of genocide all around the planet, and Apple is OK with that… Because Fox con should also be understood as essentially just another puppet or arm of the mainland Chinese corporation government, then, in theory to invest in Apple is to low-key accept all the human rights violations that mainland China does around the globe.

Everyone loves to talk about how climate change is so bad, racism is so bad, eating animals is bad blah blah blah, but yet nobody talks about how mainland China, is committing genocide all around the planet? And everybody knows it; and yet everyone still feels OK buying new iPhones?

Once again, if you are some sort of plant-based, anti-meat eating, pro environment person, yet you have an Instagram a Snapchat a Facebook a YouTube a TikTok whatever… No, this is not ethical.

why bitcoin is ethical.

To anybody who says that bitcoin is bad for the environment or the planet blah blah blah, essentially they were suckered by Sam Bankman-Fried and these evil corners, who sent she made air tokens which means fake value out of fakeness.

So, question… Do you think that air conditioning is bad for the planet? How about iPhones? How about the Internet? How about your hybrid Prius, your Tesla car, public transportation?

How about heaters?

How about washers and dryers?

So washers and dryers and air conditioning currently wastes about 20% of the world’s electricity – do you think the trade-off is worth it? If you have ever lived in Southeast Asia, Texas and the like, obviously!

What is commonly misunderstood about bitcoin is that it actually might be the most ethical energy use; actually, the economics of bitcoin mining is that it actually makes more sense to invest in energy efficient bitcoin mining rigs, near stranded energy sources like ideally building it at the edges of the grid, next to hydroelectric power plants etc.

What is actually very very interesting is that once you create a bitcoin, it lasts forever! The maintenance cost of bitcoin is practically 0%; whereas even gold, the world second best asset, bleeds at around 2% a year; which means that in about 60 years your value goes down by half.

Economic immortality?

So everyone is trying to become immortal in Silicon Valley or whatever… But instead, maybe what if economic immortality were more interesting?

This means, building up a war chest for your kids kids kids. So when your kids kids kids have kids they will be able to do great things on the planet!

No no no, the world is not going to melt. Ignore Al Gore and all these fake fear porn people; who essentially profit off of your fear! This includes Google, who makes more ad revenue The more people click on climate change articles.

Bitcoin is hope, bitcoin is a promise for a more glorious future!

Why do I care? 

For me, considering the fact that I grew up poor, essentially I think of bitcoin like unethical imperative. The idea of saving up money for the future, building up capital for the future, and also my belief in open source; to me… Bitcoin might be the most ethical thing on the planet? That is censorship resistant, open source, and also… A political, which means that America doesn’t need to keep committing war atrocities in order to support the value of the US dollar.

What is interesting is that all of these weird conspiracy theory people in America, the ones that tell you that the Rothschild in these Jewish bank organizations run the planet blah blah blah, that Israel is evil blah blah blah, actually the real bad guy is America, The US government, the American military, which essentially bankrolls Israel.

I think the best way to think about Israel is that essentially it is just like another military outpost for America, to maintain control over the region, kind of like South Korea, to have a strategic position against North Korea mainland China etc.

Koreans, South Korean don’t want to accept or think is that essentially South Korea is a neocolony of America, a new colony of America. As long as American military support South Korea and maintaining the 38th parallel, South Korea is essentially forever indebted to America.

Also let us not forget that Israel, was essentially established, with the guiding hand of America. Without America, Israel as a state would not exist.

So rather than pointing the finger at Israel, which actually does seem that the Prime Minister of Israel has done really terrible things, especially to the Palestinians, Hamas also seems like the bad guys, the innocent people are the civilians women and children. But really really really, the real bad guy is America, and the sad truth is without American military dominance on the planet, the US dollar supremacy would not exist.

Even if you are a liberal Democrat, anti-war; assuming that you have US dollars in your bank account, you have a JP Morgan Chase or Fidelity or Citibank, or Bank of America… assuming that your salary is being paid in US dollars, and let us remember that almost all the currencies on the planet, even the Chinese yuan are essentially pegged to the US dollar,  without the Fed printing more money to pay military contractors for the US defense government, the US dollar would not have any value.

So what is the solution? Super simple buy bitcoin. In theory, buying bitcoin not the US dollar, could help solve violence that destruction and genocide on the planet, and solve at least 50% of the world issues; considering that about 50% of the world’s issues are about money. If you’re from a broken family, or if there has ever been any debt or bankruptcy or credit card debt, or gambling in your family, lot of it is actually embedded in financial issues.

Think first principles

Actually, the best way to think about bitcoin is not to listen to your favorite YouTuber or podcaster, but to think first principles, and going back to the source.

For myself, the most interesting book on economics I have ever read is DELLA MONETA bye the Italian Fernand Galliani, who surprisingly wrote the whole treaty when he was only 21 years old, masquerading as a six-year-old man. Essentially I discovered Galliani via Frederich Nietzsche,  who quotes Galliani all the time; like some of my favorite quotes include from Galliani “better to be a gay monster than a sentimental bore”, or the idea that Eagles fly solo.

Anyways, Galliani talks about money and why it has value; and talk specifically about gold and silver and how in America at the time… The Quakers would actually trade paper money which was considered insane at the time.

To summarize, Galliani said that gold was the most valuable asset and money because it was both beautiful, used for decorations and jewelry, like making your child beautiful by giving them cold jewelry, and also… The fact that it was resistant and robust against the elements, it lasted a long time, and was also rare on the planet difficult to find. And also, how the color in itself is the most beautiful as it shines like the sun. Have a theory the reason why he was like is that in fact, we love this golden yellow color because it simulates the sun and the light, Let us not forget that most of the ancient world they praise the sun God.

But then again Galli mentions wisely how inflation happens and how money is valued, like when the Spanish conquistadors discovered gold in the New World, and brought it back to Europe, the value of gold plummeted because it became less rare. And also in history, there were many places on the planet in which silver was actually more rare than gold, and therefore in some parts of the world silver was actually more prized!

Essentially the moral the story is that money is a man-made concept; and even the notion of capital comes from the notion cap, head, Kaputt, caput– like literally the head of oxen. Even in the Iliad, a hectic comb is the sacrifice of 100 oxen, to appease Zeus and the gods. Even in today’s world, in which an adult oxen could cost you $1000, can you imagine sacrificing 100 oxen to appease the gods?  it’s like almost burning $100,000, to get the gods to not get angry at you; very expensive. Like a single cyber truck!

What’s the point of capital?

There are some simple things, like paying rent and groceries. But beyond this, what is the point of money and capital?

At this point, I’m starting to think of capital and accumulation like the most interesting fun game! 1, trillion times more interesting that any video game out there because it actually has to deal with reality; the problem with all the video games is none of them are actually based in physics or the real world; even professional sports which is essentially a prostitution of the body, is beridden with steroids and drugs and all this bad stuff. The only useful professional sports seems to be the UFC or mixed martial arts, as it might benefit you in a street fight, everything else seems quite useless.

Also a lot of guys were interested, a lot of fools make that analogy that thinking that some sort of chess grandmaster would be a great military strategist, but this is not the case. Because to sacrifice upon is very different than sacrificing the life of a human being. And also… The real world is 1 trillion times more messy than chess, Which has strict rules.

And also in theory… Any skinny fat loser could be really really good at chess, like number one on the planet. But how would he do in a street fight, or player versus player combat? Let us not forget our manly virtues; ultimately… It don’t matter how rich you are or how smart or successful you are, if you do not have physical valor and strength, you got nothing. 

Good role models

I think having a good role model is critical. Like a Steve Jobs, except he is dead now. In fact, Apple today is kind of a former shell of Steve Jobs original vision; now that Jony Ive has left Apple, Apple is like the new Microsoft. There is no more sex in Apple.

Even Elon Musk has a joke that failed Tesla or SpaceX engineers go to Apple; much more difficult to design a self driving car or a spaceship or a rocketship rather than the next mediocre iPhone.

Michael Saylor, also talks about risks of most securities, like a simple one; how do you know that the iPhone 55 pro will be any good or not? And how do you know if one day… Mainly China closes the doors to international traded manufacturing, if Apple no longer can create iPhones in mainland China with Foxconn, then what? Certainly Apple cannot maintain her monopoly profits if she produced iPhones in Nebraska or in the Midwest, maybe Vietnam but even Vietnam is kind of in bed with mainland China, so if overnight, Vietnam closes her borders to America, Apple would be in big trouble.

I wonder if mainland China’s long-term vision is to continue to steal and help her trade secrets with Apple and American corporations like Microsoft and Bill Gates, and then eventually just close her borders to America, and hoping that Huawei could take over the planet? Currently the fact that TikTok is dominating America, maybe her plan is working?

---

Back to us

So taking things back to us;

First, it seems the interesting idea here is that maybe we should not worry too much about macro economics, like solving global poverty issues here etc., but just starting with ourselves and our own family. 

The first one I think is that the simplest way to become rich is to just not get poor, which means don’t buy the new iPhone Pro, don’t buy a new car or Tesla, don’t buy a single-family home even if you could afford it, better to rent indefinitely and put your money into bitcoin, which will go out forever without any maintenance costs, whereas I think if you think about investing in a single-family home… It seems like a good investment idea, but because of the mortgage interest rates, assuming that your mortgage is above 0%, you’re essentially bleeding yourself dry, I almost wonder how much of modern day economics is about buying a single family at home and a mortgage, because the banks want to just profit off of this idea?

Once again even if you had a very very low interest rate, even if you’re paying about 2%, sooner or later, the interest itself will kill you. And right now the interest rate is around 7 to 8%; too expensive!

And also once again, even if the asset of your home goes up in value, after the cost of maintenance, fixing your roof and water heater and 1 trillion other things which could break, but that means your acid value goes down infinitely because you bleed yourself dry doing maintenance and renovations etc.

And also, I think a big thing is once you buy a single-family home or even a condo… Every time you come home, you’ll think to yourself, all of the upgrades and maintenance that you have not yet done, that you need to do. Even for me right now, I’ve been putting off changing the oil in my 2010 Prius for over a month, barely finding time to even do that! Whether I do it myself or go to a dude, I don’t think homeownership is right for me, or most millennials because we have no skills for home maintenance?

The best lifestyle is a zero maintenance lifestyle

You don’t want a high maintenance girlfriend wife spouse partner, dog, or negative yielding asset like a Ferrari Lamborghini Porsche etc.

The more maintenance, the worse your life, the more headaches the more stress, the more misery.

I think the sucker of capitalism is that we think that if we purchase these high-yielding stuff, we think we will be happy. But no. If you are happy paying for $1,000 oil changes in your Lamborghini or Ferrari or Porsche 911 GT 3 RS, yes! And I think what I discovered is it doesn’t matter how rich or poor you are; nobody likes to pay for these things.

I think the peel of having a Tesla is you never have to get another oil change again. But then again the issue here is that the battery is not designed to last forever, let alone 30 years.

At least your Toyota Prius might last you 30 years, I don’t think any Tesla or electric car will.

Go long

On a long enough time span, thinking 30 years, things become simple. You don’t need to overthink things too much.

How to make free money

Currently the infinite money hack and trick I discovered is this:

Purchase microstrategy stock with your traditional account, ride it up, and when the value is high, sell the pure profit, and then use that money to purchase bitcoin! And essentially ride it up forever.

Ideally purchase the bitcoin when microstrategy stock is high, and buy bitcoin when it is a bit low.  but either way, the ultimate goal is to acquire as many bitcoins as humanly possible, he or she with the most bitcoin shall win.

Even Michael Saylor revealed in an interview with Maddy Reid, the reporter from New Zealand, that his and micro strategies goal was to acquire the mythical Nakamoto, which is 1 million bitcoins,  the same number of bitcoins in the wallet of Satoshi Nakamoto, the founder of bitcoin. Also what is a big deal is that since Satoshi was born, he has never touched his bitcoins, or moved them. And also what is interesting is that Satoshi disappeared, the immaculate conception of bitcoin.

Also another reason I believe in it is that there was only first one bitcoin version, no version two. This is the reason why I ended up ditching chain-link when they released the second white paper, and also Ethereum is bad because of all the hard forks, And different versions.

Day trader? 

I don’t know if this is just a trend, or somehow… When people ask me what I do for a living, I’ve actually been getting “day trader” a lot.

I suppose in some ways I kind of am because I’m watching bitcoin and micro strategy like a hawk, and I consume every single Michael sailor interview that comes out. I think I have literally watched every single interview he has ever done, from four years ago up until now. And he has been consistent and wise and insightful the whole time; and also what is very meaningful is that the last four years, he has never once advertised his own company, I didn’t even know what MicroStrategy was up until maybe six months ago? 

---

Why the future?

My philosophical idea is that capital, capitalism, investing is all about the future and optimism. This is critical because the world is so emo dark morose and pessimistic; if you’re an investor, do you think that the future is going to be more beautiful more Urías! If you think that the future is going to be death and destruction, you don’t invest, you just consume for today’s hedonic pleasure.

Therefore as a consequence, the philosophy investing is for the future; we believe in the future seek it and love it!

ERIC

Very simple trend; the volume and market cap and amount of capital is quickly draining from Ethereum, which is the loser asset, and integrating in into bitcoin, the true network!

Sell your Ethereum while you can, buy bitcoin instead! If you are a holder of Ethereum or any other alt coin which is not bitcoin, chainlink included, sell it while you can, buy bitcoin!

I would not be shocked that within 30 years, Ethereum goes to zero.

A note— on the iPhone, Ethereum is marked as a typo, whereas the autocorrect knows bitcoin!

---

Long Bitcoin

CRYPTO BY KIM

Brave new world for photographers and crypto:

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

The only type of trading to do is optimistic; buy microstrategy MSTR and bitcoin!

Bitcoin about to break $70,000 again… Ready for a new high? 

I love the rush !!! I am addicted to the adrenaline?

so to me, the floss of daytrading isn’t trying to catch pennies in front of a bulldozer. But rather having the balls, the hunger and appetite for risk to make big moves, big plays.

For example, what that then means is having a hawk like eye for the daily news, at least in the context of big upcoming events, like the FASB financial accounting standards board (fasb.org)— new Bitcoin and crypto accounting regelations and laws — Jan 2025. The Reason why this is big news is finally, companies and corporations can start to accurately add the accounts for bitcoin and crypto on their balance sheet; accurately and fairly.

Starting January 2025… That is essentially the first year of institutional adoption for bitcoin for corporations; apparently micro strategy, micro strategy world 2025, the bitcoin for corporations event looks almost sold out!

TYSONS CORNER, Va., October 16, 2024 – MicroStrategy^® (Nasdaq: MSTR), the largest corporate holder of bitcoin and the world’s first bitcoin development company, today announced it will report its financial results for the third quarter of 2024 after the U.S. financial markets close on Wednesday, October 30, 2024 and will host a live Video Webinar at 5:00 p.m. Eastern Time to discuss the results.

A live Video Webinar of the event can be accessed under the “Events and Presentations” section of MicroStrategy’s investor relations website at https://www.microstrategy.com/investor-relations. The Video Webinar will be conducted on the Zoom platform and questions will only be taken from Video Webinar participants. Log-in instructions will be available after registering for the event. An archived replay of the event will be available beginning approximately two hours after the call concludes.

About MicroStrategy Incorporated

MicroStrategy (Nasdaq: MSTR) considers itself the world’s first Bitcoin development company. We are a publicly-traded operating company committed to the continued development of the Bitcoin network through our activities in the financial markets, advocacy and technology innovation. As an operating business, we are able to use cashflows as well as proceeds from equity and debt financings to accumulate bitcoin, which serves as our primary treasury reserve asset. We also develop and provide industry-leading AI-powered enterprise analytics software that promotes our vision of Intelligence Everywhere™, and are using our software development capabilities to develop bitcoin applications. We believe that the combination of our operating structure, bitcoin strategy and focus on technology innovation provides a unique opportunity for value creation. For more information about MicroStrategy, visit www.microstrategy.com.

Yes, you can engage in day trading within a Roth Individual Retirement Account (Roth IRA), but there are important limitations and considerations to keep in mind. Here’s what you need to know:

1. No Margin Trading in IRAs

• Regulatory Restrictions: The IRS prohibits the use of margin accounts within any type of IRA, including Roth IRAs. Margin trading involves borrowing funds from your broker to purchase securities, which is not allowed in retirement accounts.

• Impact on Day Trading: Since day trading often requires a margin account—especially for pattern day traders—you won’t have access to the same day trading capabilities as you would in a regular taxable brokerage account.

2. Pattern Day Trader (PDT) Rule

• Definition: The Financial Industry Regulatory Authority (FINRA) defines a pattern day trader as someone who executes four or more day trades within five business days in a margin account, provided the number of day trades is more than 6% of the total trades in the account during that period.

• Roth IRA Limitations: Because IRAs can’t be margin accounts, the PDT rule doesn’t technically apply. However, some brokers may impose their own restrictions to prevent excessive trading in IRAs to comply with regulations and manage risk.

3. Settlement Periods and Trading Restrictions

• Cash Account Rules: Roth IRAs are considered cash accounts. In cash accounts, you must fully pay for securities before selling them.

• Good Faith Violations: If you buy and sell securities without the funds fully settling, you may incur good faith violations. Repeated violations can lead to trading restrictions imposed by your broker.

• Solution: To avoid violations, only use settled funds for trading and be aware of the settlement periods for different types of securities (typically two business days for stocks).

4. Broker Policies

• Variations by Broker: Different brokerage firms may have varying policies regarding day trading in Roth IRAs. Some may allow limited day trading, while others may have strict restrictions.

• Recommendation: Check with your broker to understand their specific rules and any potential fees or penalties associated with frequent trading in your Roth IRA.

5. Tax Implications

• Tax Advantages: One benefit of trading within a Roth IRA is that all gains are tax-free, provided you follow the withdrawal rules. This means you won’t pay capital gains taxes on your trading profits.

• No Tax Loss Harvesting: On the flip side, you can’t deduct losses from trades within your Roth IRA on your tax return.

6. Long-Term Investment Strategy

• Retirement Focus: Roth IRAs are designed for long-term retirement savings. Frequent day trading may not align with the long-term growth and compounding benefits that Roth IRAs offer.

• Risk Management: Day trading can be risky. Losses within your Roth IRA directly reduce your retirement savings, and you can’t add extra funds beyond the annual contribution limits to make up for losses.

Conclusion

While you can perform some level of day trading in a Roth IRA, it’s essential to be aware of the limitations and potential risks. Always:

• Consult Your Broker: Understand their specific policies regarding day trading in Roth IRAs.

• Stay Informed: Keep up-to-date with IRS regulations and ensure compliance.

• Consider Professional Advice: Speak with a financial advisor to determine if day trading aligns with your retirement goals.

Disclaimer: This response is for informational purposes only and should not be considered financial or tax advice. Please consult a financial advisor or tax professional for advice tailored to your individual circumstances.

Day trading in a Roth IRA is technically possible, but there are notable limitations and risks. The IRS doesn’t explicitly prohibit day trading within a Roth IRA, but the account’s rules and structure aim to encourage long-term growth rather than short-term, high-frequency trading. Here’s what you need to know:

1. Margin Restrictions: Roth IRAs typically don’t allow margin trading, meaning you can only trade with the cash balance in your account. This limitation affects the ability to execute rapid, back-to-back trades, a core aspect of day trading.

2. Pattern Day Trading (PDT) Rules: Although the PDT rule generally applies to margin accounts, brokers might still apply certain restrictions on high-frequency trades to prevent excessive risks within a retirement account. Roth IRAs are designed for retirement savings, so brokerages may restrict day trading to protect account integrity.

3. Trade Settlement Rules: In a Roth IRA, trades generally need to “settle” before the funds can be reused, typically taking 2-3 days. This settlement period can significantly hinder the ability to day trade frequently compared to taxable brokerage accounts.

4. Risk and Tax Efficiency: Day trading in a Roth IRA could jeopardize retirement savings since it is riskier than traditional, long-term investments. Although gains are tax-free within a Roth IRA, the account is generally structured for steady, compounding growth over time, making high-turnover strategies misaligned with its primary purpose.

Despite these hurdles, some traders prefer the Roth IRA for its tax-free growth benefits, as gains from successful trades aren’t taxed upon withdrawal in retirement. However, if you’re considering day trading within this account, it’s essential to weigh these challenges against the benefits and consult your brokerage’s policies on trade frequency within IRAs.

For most, a diversified, long-term investment strategy better aligns with a Roth IRA’s tax advantages and retirement goals. Day trading might be better suited for a separate taxable account if it’s a significant part of your strategy.

The beauty of a black canvas is anything as possible!

Podcast vlog

THE NEW KING HAS ARRIVED!

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Video vlog

BRAVE NEW WORLD OF DIGITAL CAPITAL

Capital, capitalism, assuming you own an iPhone, any smartphone, assume you have Wi-Fi at the house or a 4G or 5G connectivity thing, assuming that you have a car an automobile etc.; and also, assuming that you don’t grow your own vegetables and groceries etc., then what that then means is you are a part of society and capitalism.

---

Don’t be a hippie 

I think I figured it out… The notion of being a “hipster”, essentially it’s just a hyphenated form of saying hippies or hippy–

Funny enough, studying a bit of the etymology of the word hippie, comes from the word hip, like same hip as in hip hip-hop. Although now, we think of that weirdos vegan cults flower worshiping and war hippies and the like, not the gangsta hip-hop rappers that we think of today.

And actually what is very interesting, considering I was born in 1988, and grew up in the East Bay Alameda Oakland, Bay Area 510 rap hip-hop KEAK DA SNEAK, E40 hyphy movement ,,, my flavor of hip-hop and rap culture that I grew up was very different than the strange hip-hop culture today, and also a bit different from the mainstream 50 Cent gangsta idea that was popularized in the 2000s.

Anyways, I think what is so fascinating to me about capital, digital capital, digital capitalism and the like is how insanely paradigm shift it is.

Why?

So the first question is… Why or why does this all matter?

First, assuming you’re a photographer, digital photographer etc.; what that then means is you and all of us we are all implicated! And I think this is a good thing; digital is good, digital is better!

For example, besides what all these virtue signaling hipsters say, I really do think that digital photography is 1 trillion times superior and now more virtuous than film. I think film was a good fling, but now in the year 2024… And now that the new Lumix S9 Camera is out with the phenomenal 26 mm F8 pancake lens, there’s almost 0 reasons to shoot film anymore. And zero reasons to shoot any loser Leica camera.

Your opinion will change with technology and the times 

Technology does matter; for example, in the past, it did make a difference. For example the original Leica M9 camera was a big deal at the time because full frame was simply too big, too bulky, not very accessible. At least in a small form factor. But now, in the year 2024 and beyond… Technology has changed and shifted.

2024 — everything has changed!

For example, for a long time, film photography did indeed look superior to digital photos. But now with new digital technologies, I would actually make the bold claim that digital photos with the right image processing filters, can actually look superior and more supreme to film photos. 

For example, on the new Lumix S9 camera, we essentially have this “dynamic Leica monochrome” filter, with high contrast, grain added… the photos look phenomenal! Even deeper and richer contrast than my beloved Ricoh GR cameras?

Even a random thing that I never really expected… there’s this new “LUT” concept — I think it’s from cinema or video or something, which I think is just a fancy word for color preset or film grading for cinema and media.

Anyways, one of the built-in included LUT filters is like this really lovely cross processing color filter which shifts and brings out this really lovely orange cyan hue — the photos look beautiful! And also, when shooting 24 FPS video on it, it looks so beautiful and cinematic! I call the new Lumix S9 baby Godzilla!

Digital is supreme

Anyways, some reasons why I think this matters and why I care; the big one is I think we should lean really really hard into digital, the digital aesthetic the digital concept etc. I think there is too much pain misery and suffering in the world of photography and especially, digital photography. Everyone is having this weird small man complex, in which they and we never feel good enough in anything, until they somehow get some really really expensive mythical camera? And this is ridiculous because not only is it not sustainable, financially it is ridiculous.

Let us consider that honestly at this point a Leica camera is just like a Panasonic LUMIX camera with a body kit. Kind of like how a Porsche 911 is just like a Volkswagen beetle on steroids! Or even, how a Lamborghini is essentially a Volkswagen Passat on steroids!

Think different, become different, become superior?!

---

Why driving is bad for your soul

In America, the weird bias is somehow we have all been suckered into thinking that for some reason or another, it is desirable and good to desire own and drive, and experience forms of cars?

For example, whether that be a Lamborghini with scissor doors or a Porsche 911 GT 3RS or whatever, why is it that we desire these things?

The other day I actually had to drive to downtown late last night, to pick up Cindy, and it was probably one of the stupidest decisions that I made, me, thinking my machismo bravado was doing a good thing, in fact, was a really really dumb idea. Why? I have been driven at night for so long, but it was so tiring, so exhausting, and actually I forgot… Driving at night is actually really really hard on the eyes. You can’t see shit, in about after driving 40 minutes there, and a speedy 15 minutes back, leaving at 7 PM and coming back at 8 PM… I was destroyed and so exhausted.

I think it was a good reminder to me, perhaps a nice wake up call because so much of American consumerist capitalist culture is centered around all of these ridiculous notions of sitting on your butt. Let us consider how much the ultimate desire is to somehow be sitting, sedentary? 

For example, it doesn’t matter if you’re driving $1 million Bugatti car or whatever, as long as you’re in a position, you are in a fragile, undo dominant position. Doesn’t matter if you’re in a Lamborghini or Rolls-Royce Pagani etc.… It’s like you’re sitting on a big dick.

 I wonder if there are more studies on this, just how terrible and bad that your physiology and body becomes when you are forced to sit all day, or even, stand all day in a secondary position, indoors, under fluorescent or LED lights, without exposure to the real worlds, the direct UV suns of outside, etc.?

Even a nice thing in Southeast Asia if they have a lot of these Eco resorts which you could just take a shower or a bath in a bathtub outside in the direct elements?

A random aside; I met the neighborhood kids who got a chameleon as a pet. He discovered it somewhere. He told me that actually, the chameleon changes colors in the direct sun outside in the direct UV radiation of natural light, but it doesn’t work with fake lights.

Even assuming that you had the world‘s best fake UV sunlight set up thing… It might only ever be 2% as good as the real sun.

In fact one of the things I’m trying to fight against is how everyone has sun phobia or UV phobia now. Certainly if your genetic heritage is from northern Sweden, to be in the direct Vegas sun all day without any hats or long sleeve clothing or sunblock seems like a bad idea. Everyone is so afraid of some cancer skin cancer or whatever. But I’m wondering… How much of this is for marketing, to sell you overpriced “eco-friendly“ $30 sunblock or loser “UV protection” sunglasses– Luxor exotica essentially owns all of the sunglasses brands in America and beyond; they have a real monopoly overall the sunglasses, it doesn’t matter how cool you want to look, I’m sure they all get made in the same factory and mean in China for about $.50, and they market up to $300! Everyone wants to seem cool and look cool, all under the guys that they want to protect their eyeballs from the sun.

I think we’re wearing a hat is natural, a wide brim hat, a sun hat, maybe even a sombrero. But not sunglasses, this is very unnatural. It is almost like having condoms for your eyeballs, not natural. Same thing with AirPods or noise canceling headphones, essentially condoms for your ears. And this is bad because I actually think that you have more wisdom and sensory perception in your ears Than your eyeballs, even though I am a photographer and a visual artist, in terms of joy, I think I might get 1000 X more joy from music than visual artwork. And I also think that there is 10,000 times more in intelligence and wisdom in your ears than your eyes.

In terms of evolution, I think actually most organisms first develop years and hearing before eyes or visual senses?

The digital transformation of capital and the economy

I think this is what is so difficult for people to understand and grasp, even scientist who are supposed to think first principles. Rather than think about analogies, like how things were done in the past, and trying to iterate based on the past, much more interesting to Start with the clean slate, from scratch, thinking and trying to consider how things could and should be, rather than how things always have been.

I think this is difficult for most basic people because once again, to think first principles is both gutsy, ballsy, unorthodox, unconventional, and also requires some sort of childlike mindset, in which you are not held back by the past.

For example, the reason why you should trust no traditional thinkers, or why a lot of college dropouts are so successful, like Mark Zuckerberg is that they knew that the traditional path was not as interesting or meaningful; and that instead,  they would be able to change the course of the human race by not being stuck in some sort of academic hamster wheel.

In fact, there is a story about Peter Thiel in which he was on track to become some sort of big shot judge or something somewhere, but eventually he didn’t make it, at first although he was dismayed, 20 years later when his law school buddy met him he said “with a grin, aren’t you happy you didn’t get that clerkship? Because otherwise he wouldn’t have started PayPal and wouldn’t be the billionaire today.

everything happens as it should have happened

I think this is also a difficult thing to consider; certainly there are lots of bad things that happen in our life, but with enough foresight in hindsight, plus or minus 30 years,  you discover that actually, everything precisely happened as it should have happened, precisely for the best reason possible.

I don’t think of this like some sort of weird mystical woo hoo, I just think of it more like a practical thing; things happen, sometimes randomly, and the best way to live life is to take a stomach and optimistic approach;

Is it possible that this “bad” thing that happened to me today, could have actually have been the best possible thing that ever befell me? 

For example, there is this one Taoist story in which a man has a son, who was riding horse, fell off, and broke his legs or back or something. It was seen as very bad and unfortunate. But a week later, the province declares war on a different territory, and because the sun was injured, didn’t get drafted in the war, and as a consequence, doesn’t get killed in the combat. Then later, one of the village chief remarks, “aren’t you so happy that your son ended up injuring himself by falling off that horse, so he didn’t go to war and died?”

No I think this is a hard thing, because nobody could think about the future, nobody knows.

So whenever things happen, whether they’re good or bad, or even weather good; know that things happen, and the best way forward is to take everything in the positive!

Even let us say that you won the lottery and became a billionaire or whatever, let us say as a consequence you get addicted to drugs meth cocaine heroin and prostitutes and strippers, and this destroys your life. Totally possible.

Wealth could be some of the worst things that happens to your family 

Not always but often I see a lot of kids for trust fund kids or aren’t you really wealthy families become degenerates, super lazy and unambitious.

Maybe one of my biggest benefits of being born and raised poor was actually, this was the biggest benefit of all time; — he gave me the fire for entrepreneurship and self-reliance; I am sure if I was born to a well to do middle class or rich family, I would probably be some sort of generic something else. 

---

1. “When you love someone, the best thing you can offer them is your presence”—
2. Because you are alive everything is possible

Your present is your presence

…

Certainly! Thich Nhat Hanh was a Vietnamese Buddhist monk, teacher, and peace activist known for his teachings on mindfulness and compassion. Here are some of his most inspiring quotes:

1. “The present moment is filled with joy and happiness. If you are attentive, you will see it.”

2. “Walk as if you are kissing the Earth with your feet.”

3. “There is no way to happiness—happiness is the way.”

4. “When you love someone, the best thing you can offer is your presence.”

5. “Feelings come and go like clouds in a windy sky. Conscious breathing is my anchor.”

6. “Because you are alive, everything is possible.”

7. “Smile, breathe, and go slowly.”

8. “Sometimes your joy is the source of your smile, but sometimes your smile can be the source of your joy.”

9. “Letting go gives us freedom, and freedom is the only condition for happiness.”

10. “Peace is every step. The shining red sun is my heart.”

I hope these quotes bring you inspiration and peace.

….

Here are some inspiring quotes from Thich Nhat Hanh, the Vietnamese Zen master, poet, and peace activist known for his teachings on mindfulness, compassion, and living fully in the present moment:

1. On Mindfulness and Presence:

“The present moment is the only time over which we have dominion.”

2. On Peace and Compassion:

“Compassion is a verb.”

3. On Happiness and Joy:

“Sometimes your joy is the source of your smile, but sometimes your smile can be the source of your joy.”

4. On Letting Go:

“Letting go gives us freedom, and freedom is the only condition for happiness. If, in our heart, we still cling to anything—anger, anxiety, or possessions—we cannot be free.”

5. On True Love:

“You must love in such a way that the person you love feels free.”

6. On Interbeing and Connection:

“We are here to awaken from the illusion of our separateness.”

7. On Gratitude and Awareness:

“Because you are alive, everything is possible.”

8. On Healing and Transformation:

“The seed of suffering in you may be strong, but don’t wait until you have no more suffering before allowing yourself to be happy.”

9. On Walking Meditation:

“Walk as if you are kissing the Earth with your feet.”

10. On Living in the Present:

“The best way to take care of the future is to take care of the present moment.”

Thich Nhat Hanh’s teachings encourage us to live mindfully and embrace each moment with compassion and openness.

Super fucking annoying! Why I hate ordering stuff online

Apple Pay and online returns gets all fucked up for these websites?

Investing personal records ,,, a new “one rep max“ for your investments?

Breaking certain ceilings ,,, the $500k, $1M ceilings and beyond!

Seeing your numbers go up forever, the ultimate joy?

Economics by KIM

1. The Philosophy of Investing
2. ERIC KIM VENTURE CAPITALIST
3. How to FIRE (Financial Independence Retire Early)
4. How to *Save* a Million Dollars
5. Increase Value
6. MAYBE IT IS A GOOD IDEA TO BUY HIGH
7. Banks Are the True Menace to Society
8. THE PROMISE OF FUTURE MONOPOLY PROFITS?
9. High gas prices are good
10. What is Capitalism?
11. Pride in What You Paid For
12. On Making Money from Nothing
13. Save Money Towards What Ends?
14. No Regret Investment

A very unorthodox and funny idea; we think that bitcoin is a risky option, but what if actually in fact, the opposite were true? That in NOT putting your money in bitcoin, you’re actually doing the more risky foolish thing?

Make your body into the cybertruck!

The cyberbody? Or the body built like a truck, a cybertruck?

If you want a really really insanely great camera you have a standalone digital camera. Like a LUMIX s9

If you want to shoot insanely great video, you’re probably also shoot with the Panasonic lux camera, whether micro 4/3, or even full frame.

Even, if you want an ultra wide video camera, seems like a GoPro mini or GoPro is a much more robust easier and better option.

I’ve actually discovered it once again, the iPhone Pro is kind of like desperation thing for poor working class people. It seems that most people who purchase an iPhone Pro or iPhone Pro Max have no financial literacy, either paid on payments monthly via T-Mobile or finance it somehow or maybe even put it on the credit card? 

Also, more weight more pain?

Why I hate iPhone Pro — the additional weight, even though it is made of titanium, still makes it heavier than the typical normal iPhone, which causes you more pain, carpal tunnel pain?

Just got a brand new pair of Vibram five finger shoes, a new model with all these new features and functions etc., or padding on the bottom the shoe, and it is causing me pain in my right knee?

More padding, more pain?

Capital, capitalism, assuming you own an iPhone, any smart phone, assume you have Wi-Fi at the house or a 4G or 5G connectivity thing, assuming that you have a car an automobile etc.; and also, assuming that you don’t own your own groceries etc., then what that then means is you are a part of society and capitalism.

Don’t be a hippie 

I think I figured it out… The notion of being a “hipster”, essentially it’s just a hyphenated form of saying hippies or hippy–

Funny enough, studying a bit of the etymology of the word hippie, comes from the word hip, like same hip as in hip hip-hop. Although now, we think of that weirdos vegan cults flower worshiping and war hippies and the like, not the gangster hip-hop rappers that we think of today.

And actually what is very interesting, considering Dallas was born in 1988, and grew up in the East Bay Alameda Oakland, Bay Area 510 rap hip-hop KEAK DA SNEAK, e40 hyphy movement ,,, my flavor of hip-hop and rap culture that I grew up was very different than the strange hip-hop culture today, and also a bit different from the mainstream 50 Cent gangsta idea that was popularized in the 2000s.

Anyways, I think what is so fascinating to me about capital, digital capital, digital capitalism and the like is how insanely paradigm shift it is.

Why?

So the first question is… Why or why does this all matter?

First, assuming you’re a photographer, digital photographer etc.; what that then means is you and all of us we are all implicated! And I think this is a good thing; digital is good, digital is better!

For example, besides what all these virtues signaling hipsters say, I really do think that digital photography is 1 trillion times superior and now more virtuous than film. I think film was a good fling, but now in the year 2024… And now that the new Lumix S9 Camera is out with the phenomenal 26 mm F8 pancake lens, there’s almost 0 reasons to shoot film anymore. And zero reasons to shoot any loser Leica camera.

Technology does matter; for example, in the past, it did make a difference. For example the original like a M9 camera was a big deal at the time because full frame was simply too big, too bulky, not very accessible. At least in a small form factor. But now, in the year 2024 and beyond… Technology has changed and shifted.

For example, for a long time, film photography did indeed look superior to digital photos. But now with new digital technologies, I would actually make the bold claim that digital photos with the right image processing filters, can actually look superior and more supreme to film photos. 

For example, on the new Lumix S9 camera, we essentially have this “dynamic like a monochrome” filter, with high contrast, green added… And the photos look phenomenal! Even deeper and richer contrast than my beloved Ricoh GR cameras?

Even a random thing that I never really expected… There’s this new “LUT” concept — I think it’s from cinema or video or something, which I think is just a fancy word for color preset or film grading for cinema and media.

Anyways, one of the built-in included LUT filters is like this really lovely cross processing color filter which shifts and brings out this really lovely orange cyan hue — the photos look beautiful! And also, when shooting 24 FPS video on it, it looks so beautiful and cinematic! I call the new Lumix S9 baby Godzilla!

Anyways, some reasons why I think this matters and why I care; the big one is I think we should lean really really hard into digital, the digital aesthetic the digital concept etc. I think there is too much pain misery and suffering in the world of photography And especially, digital photography. Everyone is having this weird small man complex, in which they and we never feel good enough in anything, until they somehow get some really really expensive mythical camera? And this is ridiculous because not only is it not sustainable, financially it is ridiculous.

Let us consider that honestly at this point a Leica camera is just like a Panasonic LUMIX camera with a body kit. Kind of like how a Porsche 911 is just like a Volkswagen beetle on steroids! Or even, how a Lamborghini is essentially a Volkswagen Passat on steroids!

While driving is bad for your soul

In America, the weird bias is somehow we have all been suckered into thinking that for some reason or another, it is desirable and good to desire own and drive, and experience forms of cars?

For example, whether that be a Lamborghini with scissor doors or a Porsche 911 GT 3RS or whatever, why is it that we desire these things?

The other day I actually had to drive to downtown late last night, to pick up Cindy, and it was probably one of the stupidest decisions that I made, me, thinking my machismo bravado was doing a good thing, in fact, was a really really dumb idea. Why? I have been driven at night for so long, but it was so tiring, so exhausting, and actually I forgot… Driving at night is actually really really hard on the eyes. You can’t see shit, in about after driving 40 minutes there, and a speedy 15 minutes back, leaving at 7 PM and coming back at 8 PM… I was destroyed and so exhausted.

I think it was a good reminder to me, perhaps a nice wake up call because so much of American consumerist capitalist culture is centered around all of these ridiculous notions of sitting on your butt. Let us consider how much the ultimate desire is to somehow be sitting, sedentary? 

For example, it doesn’t matter if you’re driving $1 million Bugatti car or whatever, as long as you’re in a position, you are in a fragile, undo dominant position. Doesn’t matter if you’re in a Lamborghini or Rolls-Royce Pagani etc.… It’s like you’re sitting on a big dick.

 I wonder if there are more studies on this, just how terrible and bad that your physiology and body becomes when you are forced to sit all day, or even, stand all day in a secondary position, indoors, under fluorescent or LED lights, without exposure to the real worlds, the direct UV suns of outside, etc.?

Even a nice thing in Southeast Asia if they have a lot of these Eco resorts which you could just take a shower or a bath in a bathtub outside in the direct elements?

A random aside; I met the neighborhood kids who got a chameleon as a pet. He discovered it somewhere. He told me that actually, the chameleon changes colors in the direct sun outside in the direct UV radiation of natural light, but it doesn’t work with fake lights.

Even assuming that you had the world‘s best fake UV sunlight set up thing… It might only ever be 2% as good as the real sun.

In fact one of the things I’m trying to fight against is how everyone has sun phobia or UV phobia now. Certainly if your genetic heritage is from northern Sweden, to be in the direct Vegas sun all day without any hats or long sleeve clothing or sunblock seems like a bad idea. Everyone is so afraid of some cancer skin cancer or whatever. But I’m wondering… How much of this is for marketing, to sell you overpriced “eco-friendly“ $30 sunblock or loser “UV protection” sunglasses– Luxor exotica essentially owns all of the sunglasses brands in America and beyond; they have a real monopoly overall the sunglasses, it doesn’t matter how cool you want to look, I’m sure they all get made in the same factory and mean in China for about $.50, and they market up to $300! Everyone wants to seem cool and look cool, all under the guys that they want to protect their eyeballs from the sun.

I think we’re wearing a hat is natural, a wide brim hat, a sun hat, maybe even a sombrero. But not sunglasses, this is very unnatural. It is almost like having condoms for your eyeballs, not natural. Same thing with AirPods or noise canceling headphones, essentially condoms for your ears. And this is bad because I actually think that you have more wisdom and sensory perception in your ears Than your eyeballs, even though I am a photographer and a visual artist, in terms of joy, I think I might get 1000 X more joy from music than visual artwork. And I also think that there is 10,000 times more in intelligence and wisdom in your ears than your eyes.

In terms of evolution, I think actually most organisms first develop years and hearing before eyes or visual senses?

The digital transformation of capital and the economy

I think this is what is so difficult for people to understand and grasp, even scientist who are supposed to think first principles. Rather than think about analogies, like how things were done in the past, and trying to iterate based on the past, much more interesting to Start with the clean slate, from scratch, thinking and trying to consider how things could and should be, rather than how things always have been.

I think this is difficult for most basic people because once again, to think first principles is both gutsy, ballsy, unorthodox, unconventional, and also requires some sort of childlike mindset, in which you are not held back by the past.

For example, the reason why you should trust no traditional thinkers, or why a lot of college dropouts are so successful, like Mark Zuckerberg is that they knew that the traditional path was not as interesting or meaningful; and that instead,  they would be able to change the course of the human race by not being stuck in some sort of academic hamster wheel.

In fact, there is a story about Peter Thiel in which he was on track to become some sort of big shot judge or something somewhere, but eventually he didn’t make it, at first although he was dismayed, 20 years later when his law school buddy met him he said “with a grin, aren’t you happy you didn’t get that clerkship? Because otherwise he wouldn’t have started PayPal and wouldn’t be the billionaire today.

everything happens as it should have happened

I think this is also a difficult thing to consider; certainly there are lots of bad things that happen in our life, but with enough foresight in hindsight, plus or minus 30 years,  you discover that actually, everything precisely happened as it should have happened, precisely for the best reason possible.

I don’t think of this like some sort of weird mystical woo hoo, I just think of it more like a practical thing; things happen, sometimes randomly, and the best way to live life is to take a stomach and optimistic approach;

Is it possible that this “bad” thing that happened to me today, could have actually have been the best possible thing that ever befell me? 

For example, there is this one Taoist story in which a man has a son, who was riding horse, fell off, and broke his legs or back or something. It was seen as very bad and unfortunate. But a week later, the province declares war on a different territory, and because the sun was injured, didn’t get drafted in the war, and as a consequence, doesn’t get killed in the combat. Then later, one of the village chief remarks, “aren’t you so happy that your son ended up injuring himself by falling off that horse, so he didn’t go to war and died?”

No I think this is a hard thing, because nobody could think about the future, nobody knows.

So whenever things happen, whether they’re good or bad, or even weather good; know that things happen, and the best way forward is to take everything in the positive!

Even let us say that you won the lottery and became a billionaire or whatever, let us say as a consequence you get addicted to drugs meth cocaine heroin and prostitutes and strippers, and this destroys your life. Totally possible.

Wealth could be some of the worst things that happens to your family 

Not always but often I see a lot of kids for trust fund kids or aren’t you really wealthy families become degenerates, super lazy and unambitious.

Maybe one of my biggest benefits of being born and raised poor was actually, this was the biggest benefit of all time; — he gave me the fire for entrepreneurship and self-reliance; I am sure if I was born to a well to do middle class or rich family, I would probably be some sort of generic something else. 

---

Literally and metaphorically

Greedy just means trust breaching —

MSTR MICROSTRATEGY TO THE MOON!

TO BITCOIN & BEYOND!

Fake knightly chivalry? Better to think Achilles —

Publication date: 13 Dec 2023   

US FASB ASU 2023-08

FASB: Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets

Publication date: 13 Dec 2023   

US FASB ASU 2023-08

When Will the Amendments Be Effective and What Are the Transition Requirements?

The amendments in this Update are effective for all entities for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years. Early adoption is permitted for both interim and annual financial statements that have not yet been issued (or made available for issuance). If an entity adopts the amendments in an interim period, it must adopt them as of the beginning of the fiscal year that includes that interim period.

The amendments in this Update require a cumulative-effect adjustment to the opening balance of retained earnings (or other appropriate components of equity or net assets) as of the beginning of the annual reporting period in which an entity adopts the amendments.

More info —

The name ASU 2023-08, which stands for Accounting Standards Update 2023-08, follows a naming convention used by the Financial Accounting Standards Board (FASB) to organize and reference changes in accounting standards. Here’s how it breaks down:

1. ASU (Accounting Standards Update): FASB issues these updates to amend the Accounting Standards Codification (ASC), which is the comprehensive source of GAAP in the U.S. Each ASU provides guidance on how companies should implement new or revised accounting rules.

2. 2023: The year the update was officially released. In this case, ASU 2023-08 was issued in December 2023  .

3. 08: This is a sequential number assigned to the specific update within that year. Since it’s the eighth ASU released in 2023, it is numbered 08  .

Why This Update Was Needed:

ASU 2023-08 was introduced to address deficiencies in the previous accounting treatment of crypto assets under U.S. GAAP. Prior to this update, crypto assets were treated as intangible assets, meaning they were measured at historical cost and could only be written down if impaired. Gains in value were not reflected unless the assets were sold. This led to concerns about transparency and accuracy in financial reporting, particularly for companies heavily invested in cryptocurrencies.

The new standard allows for fair value accounting of crypto assets, requiring companies to report both gains and losses as market prices fluctuate. This change responds to calls from stakeholders for more realistic financial reporting that reflects the true economic impact of holding cryptocurrencies  .

The update applies to crypto assets like Bitcoin and Ethereum but excludes other digital assets such as NFTs and stablecoins  .

…

The new FASB accounting amendments for crypto assets, which will take effect in January 2025, were introduced through a combination of stakeholder advocacy and regulatory action aimed at addressing deficiencies in the current accounting standards for cryptocurrencies.

Why the Amendments Were Passed:

1. Stakeholder Pressure: Companies holding crypto assets, particularly Bitcoin, have been vocal about the limitations of existing U.S. GAAP rules, which required them to report cryptocurrencies at historical cost minus impairment. This model allowed companies to record losses when the value of their crypto holdings dropped but did not allow them to reflect gains when prices rebounded. This imbalance led to distorted financial reporting that did not accurately represent the financial performance of companies with significant crypto investments  .

2. Economic Relevance: As Bitcoin and other cryptocurrencies have become more widely held by large corporations, there has been increasing pressure on the FASB to create standards that more faithfully reflect the true economic impact of holding these assets. Crypto companies, along with accounting firms and institutional investors, urged the FASB to create a framework that would allow crypto assets to be measured at fair value, providing a more accurate and transparent picture of their financial health  .

How the Law Was Passed:

1. Public Consultations and Deliberations: The FASB undertook a public consultation process starting in 2022, during which it received feedback from businesses, accountants, and financial professionals. This feedback indicated broad support for adopting a fair value accounting model. After months of deliberation, FASB issued its official proposal in early 2023  .

2. Final Approval: In December 2023, FASB finalized the new standard, codified as ASU 2023-08. This amendment requires that crypto assets, like Bitcoin, be reported at fair value at each reporting period, with changes in value reflected in net income. The law passed due to widespread consensus that the new rules would provide better financial transparency, reduce risks for investors, and encourage greater institutional adoption of digital assets  .

The changes are set to become mandatory for fiscal years starting after December 15, 2024, with early adoption allowed  .

Read more

The name ASU 2023-08, which stands for Accounting Standards Update 2023-08, follows a naming convention used by the Financial Accounting Standards Board (FASB) to organize and reference changes in accounting standards. Here’s how it breaks down:

1. ASU (Accounting Standards Update): FASB issues these updates to amend the Accounting Standards Codification (ASC), which is the comprehensive source of GAAP in the U.S. Each ASU provides guidance on how companies should implement new or revised accounting rules.

2. 2023: The year the update was officially released. In this case, ASU 2023-08 was issued in December 2023  .

3. 08: This is a sequential number assigned to the specific update within that year. Since it’s the eighth ASU released in 2023, it is numbered 08  .

Why This Update Was Needed:

ASU 2023-08 was introduced to address deficiencies in the previous accounting treatment of crypto assets under U.S. GAAP. Prior to this update, crypto assets were treated as intangible assets, meaning they were measured at historical cost and could only be written down if impaired. Gains in value were not reflected unless the assets were sold. This led to concerns about transparency and accuracy in financial reporting, particularly for companies heavily invested in cryptocurrencies.

The new standard allows for fair value accounting of crypto assets, requiring companies to report both gains and losses as market prices fluctuate. This change responds to calls from stakeholders for more realistic financial reporting that reflects the true economic impact of holding cryptocurrencies  .

The update applies to crypto assets like Bitcoin and Ethereum but excludes other digital assets such as NFTs and stablecoins  .

generally accepted accounting principles (GAAP) for public companies, private companies and nongovernmental not-for-profit organizations in the United States.

FASB Issues Standard to Improve the Accounting for and Disclosure of Certain Crypto Assets

FASB.org

Official post

Norwalk, CT—December 13, 2023—The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) intended to improve the accounting for and disclosure of certain crypto assets.

“The new standard responds to feedback from stakeholders of all backgrounds who indicated that improving the accounting for and disclosure of crypto assets should be a top priority for the Board,” stated FASB Chair Richard R. Jones. “It will provide investors and other capital allocators with more relevant information that better reflects the underlying economics of certain crypto assets and an entity’s financial position while reducing cost and complexity associated with applying current accounting.”

The amendments in the ASU improve the accounting for certain crypto assets by requiring an entity to measure those crypto assets at fair value each reporting period with changes in fair value recognized in net income. The amendments also improve the information provided to investors about an entity’s crypto asset holdings by requiring disclosure about significant holdings, contractual sale restrictions, and changes during the reporting period.

The amendments in the ASU apply to all assets that meet all the following criteria:

• Meet the definition of intangible asset as defined in the FASB Accounting Standards Codification®
• Do not provide the asset holder with enforceable rights to or claims on underlying goods, services, or other assets
• Are created or reside on a distributed ledger based on blockchain or similar technology
• Are secured through cryptography
• Are fungible
• Are not created or issued by the reporting entity or its related parties.