{"id":567323,"date":"2023-11-22T14:25:27","date_gmt":"2023-11-22T19:25:27","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/?page_id=567323"},"modified":"2023-11-22T14:25:30","modified_gmt":"2023-11-22T19:25:30","slug":"the-philosophy-of-bitcoin","status":"publish","type":"page","link":"https:\/\/erickimphotography.com\/blog\/the-philosophy-of-bitcoin\/","title":{"rendered":"The Philosophy of Bitcoin"},"content":{"rendered":"\n

The general idea \u00e2\u20ac\u00a6 anti fiat currency<\/a>; the idea that true currency needs a hard cap. Hard cap of 21 million coins.<\/p>\n\n\n\n

Why does this matter? The US government and FED can essentially print unlimited money; my belief a lot of inflation is triggered by when during COVID, too much \u00e2\u20ac\u0153free money\u00e2\u20ac\u009d was circulated into the system.<\/p>\n\n\n\n

Digital gold<\/h2>\n\n\n\n

Is bitcoin \u00e2\u20ac\u0153digital gold\u00e2\u20ac\u009d? I think so.<\/p>\n\n\n\n

Consider real gold \u00e2\u20ac\u00a6 you don\u00e2\u20ac\u2122t ever really touch it or use it. And there seems to be a hard cap.<\/p>\n\n\n\n

Why does bitcoin matter?<\/h2>\n\n\n\n

I think it\u00e2\u20ac\u2122s just a really fascinating concept \u00e2\u20ac\u00a6 insanely innovative, sexy and interesting.<\/p>\n\n\n\n

The icon?<\/h2>\n\n\n\n

Simply put I think Bitcoin is the best because the icon is orange. A very simple idea \u00e2\u20ac\u201d the Bitcoin icon pops super hard compared to all of the other random coins and crypto assets.<\/p>\n\n\n\n

The future?<\/h2>\n\n\n\n

BRC-20, ERC-20; wrapping Bitcoin with other assets and the blockchain\u00e2\u20ac\u00a6 transforming Bitcoin into a viable NFT option.<\/p>\n\n\n\n

Why does it all matter?<\/h2>\n\n\n\n

Philosophically speaking \u00e2\u20ac\u00a6 it makes me ponder and meditate the notion of wealth, money etc. That all this money stuff is simply smoke and mirrors.<\/p>\n\n\n\n

My interest in Bitcoin?<\/h2>\n\n\n\n

Via ChatGPT:<\/p>\n\n\n\n

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Eric Kim, known for his work in photography, has also shown a notable interest in Bitcoin and cryptocurrency. His involvement and thoughts on this topic are reflected in various ways:<\/p>\n\n\n\n

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  1. Personal Investment and Trading<\/strong>: Kim shared his experiences with Bitcoin investment and trading. He mentioned re-entering the Bitcoin market when its price dropped from $50,000 to $35,000 and then riding it back up to $50,000 oai_citation:1,How I Made Money with Crypto – ERIC KIM – EK<\/a>.<\/li>\n\n\n\n
  2. Philosophical Perspective<\/strong>: He has discussed the broader implications of cryptocurrency and its potential future impact. For example, he has speculated about the future of global currencies and the role of military power in their dominance, suggesting a deep interest in the geopolitical and economic aspects of cryptocurrency oai_citation:2,Why I Bought More Bitcoin (Again) – EK – ERIC KIM PHOTOGRAPHY<\/a>.<\/li>\n\n\n\n
  3. Cryptocurrency Advocacy<\/strong>: Kim has expressed a strong belief in the longevity and importance of Bitcoin, predicting that it will be the “last crypto standing.” This shows his advocacy for Bitcoin and his confidence in its future oai_citation:3,Crypto – ERIC KIM – EK<\/a>.<\/li>\n\n\n\n
  4. Reflection on Wealth and Cryptocurrency<\/strong>: He has also pondered the broader implications of wealth accumulation through cryptocurrency, questioning what comes after achieving financial success in this arena oai_citation:4,Once You Become a Crypto Billionaire, Then What? – ERIC KIM<\/a>.<\/li>\n\n\n\n
  5. Professional Intersection with Photography<\/strong>: Kim has explored the intersection of cryptocurrency and photography, discussing why he believes digital currencies like Bitcoin and Digibyte are the future for photographers in the digital economy oai_citation:5,BITCOIN AND CRYPTOCURRENCY FOR PHOTOGRAPHERS \u00e2\u20ac\u201c ERIC KIM – Podtail<\/a>.<\/li>\n<\/ol>\n\n\n\n

    Through these various avenues, it’s evident that Eric Kim’s interest in Bitcoin and cryptocurrency goes beyond mere financial investment. He integrates this interest with his professional field, reflects on its broader societal implications, and engages with the philosophical aspects of this innovative technology.<\/p>\n<\/blockquote>\n\n\n\n

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