{"id":626865,"date":"2024-08-10T11:53:06","date_gmt":"2024-08-10T15:53:06","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/?p=626865"},"modified":"2024-08-10T11:53:07","modified_gmt":"2024-08-10T15:53:07","slug":"war-chest-2","status":"publish","type":"post","link":"https:\/\/erickimphotography.com\/blog\/2024\/08\/10\/war-chest-2\/","title":{"rendered":"WAR CHEST"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">$50B in Bitcoin<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We are in year 0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">6 months in<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Capitalized on Toxic credit<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">10-20 year life because sitting on<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bond is 10-20 years<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How to take on the sun?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The power is in your hips?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$500,000 a Bitcoin in JPMORGAN Chase<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">85% discount do the work<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2020&#8211; 98% discount<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2013 &#8212; 99.8 discount , more risk more work<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Study for 3 years<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Why should we take that risk?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How many bitcoin have they lost?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How to <em>NOT<\/em> lose your coins<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">10-31 VC, 36 Bitcoin startups \u00e2\u20ac\u00a6 trying to accumulate as much bitcoin as possible<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Low expenses, high cash flow.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How to build a war chest?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Why war chest?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Profit and Loss<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Start with the money<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">+50% a year<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Amazon<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Work yourself to death<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Probably look at AI? Distribution and labor<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lose 5% with bonds, 10-12, 20-22% bitcoin<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trillion dollar corporations<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">AI &#8211;&gt; medical care, people in middle out of business<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The second best &#8211;&gt; nobody wants the second best of anything! ***<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sell a billion<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Difficult to displace fidelity<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$15B of Bitcoin<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Don\u00e2\u20ac\u2122t throw good money after bad.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We want the upside without downside<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Volatility and risk ***<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Convertible bond 70% upside, 5x over collatarized on downside<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Get half the upside, 5% of downside &#8211;&gt; security<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strip volatility or risk from bottom<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">55% upside even though lots of volatility<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">20% upside no volatility<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">First is the right example.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Launching a business is hard, investing is hard ***<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investing is hard ***<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Saving was hard under fiat standard, hold for 4 years easy bitcoin &#8211;&gt; doesn\u00e2\u20ac\u2122t matter volatility<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Business is hard **<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Slack, zoom<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Beat the S&amp;P<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">$800M<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They must buy a convertible bond<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the ducks are quaking feed the ducks!***<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Move from the old world to the new world, conduit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Solve custody<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Take away downside risk<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not as good<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Energy frequency and vibration<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Don\u00e2\u20ac\u2122t bleed off energy<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Things you can do in outer space forever impedance? Where is the impedance<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">GOLD NOT good for transaction<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Don\u00e2\u20ac\u2122t trade Apple stock as legal tender<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">No tax<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">El Salvador legal tender<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">No taxable event, Satoshi on lightning<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Base layer too expensive<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">95% kept in capital account, 5% in local checking account<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buy it the second before you<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Vibrate it<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Matt<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Don\u00e2\u20ac\u2122t send all of your money to the government<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tether<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">High frequency checking.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Stay rich and compliant and never pay capital gains<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tax treatment ***&#8211;&gt; politics Matter<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Legal tender &#8211;&gt; no tax treatment<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Property tax, tax on time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Transfer it never<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Taxes are 40% of equation<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Defer or avoid tax<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8211;&gt; avoid taxes! ***<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Politics matter. People don\u00e2\u20ac\u2122t take it seriously<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Politics clearly matter<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Freedom power, freedom tech<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The government is not your enemy!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">HOPE<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Larry fink?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">DAY 0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Today is day zero!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Everyday is day zero!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Robert f Kennedy<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Insane critical frugality ***<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Spartan Economics<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Germans are foolish<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Backpack which can fit Olympic plates?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Every 4 years<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He who accumulates the most bitcoin shall win?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bhutan?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>$50B in Bitcoin We are in year 0 6 months in Capitalized on Toxic credit 10-20 year life because sitting on Bond is 10-20 years How to take on the sun? . The power \u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_ek_photo_artist_note":"","_ek_photo_thesis":"","_ek_photo_camera":"","_ek_photo_place":"","_ek_photo_human_moment":"","_ek_photo_sequence":"","_ek_photo_question":"","_ek_photo_canonical_claim":"","_ek_photo_ai_summary":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[17],"tags":[],"class_list":["post-626865","post","type-post","status-publish","format-standard","hentry","category-posts"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/626865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/comments?post=626865"}],"version-history":[{"count":1,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/626865\/revisions"}],"predecessor-version":[{"id":626866,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/626865\/revisions\/626866"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=626865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=626865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=626865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}