Airplane vs donkey cart<\/p>\n\n\n\n
Structural and technical<\/p>\n\n\n\n
.<\/p>\n\n\n\n
No counterparty risk from competitor, country, coeporetoe, creditor, cultures, currencies<\/p>\n\n\n\n
Orthogonal to market — alph.<\/p>\n\n\n\n
.<\/p>\n\n\n\n
MIT<\/p>\n\n\n\n
think from first principles ***<\/p>\n\n\n\n
Build things which have never been built before , solve problems humans haven\u00e2\u20ac\u2122t figured out yet ..<\/p>\n\n\n\n
Elon Musk First Principles<\/p>\n\n\n\n
.<\/p>\n\n\n\n
Basic Physics & engineering to capital markets<\/p>\n\n\n\n
.<\/p>\n\n\n\n
$1.8T, Bitcoin<\/p>\n\n\n\n
.<\/p>\n\n\n\n
Gold, $16<\/p>\n\n\n\n
180B, 10x in just 4 years<\/p>\n\n\n\n
.<\/p>\n\n\n\n
50%, utility<\/p>\n\n\n\n
Long term store of value, 50%,,, $450T<\/p>\n\n\n\n
–> just don\u00e2\u20ac\u2122t lose your money<\/p>\n\n\n\n
.<\/p>\n\n\n\n
Bullshit!<\/p>\n\n\n\n
.<\/p>\n\n\n\n
Most valuable, $450T –> all the capital in the world, keep your money!<\/p>\n\n\n\n
BTC may<\/em> be $450T?<\/p>\n\n\n\n .<\/p>\n\n\n\n Yacht, bakery, ranch, plane company –> utility value<\/p>\n\n\n\n .<\/p>\n\n\n\n Entropy degrades capital<\/p>\n\n\n\n .<\/p>\n\n\n\n Spreads, licensing<\/p>\n\n\n\n .<\/p>\n\n\n\n .<\/p>\n\n\n\n Buy land and buildings and physical things<\/p>\n\n\n\n .<\/p>\n\n\n\n Florida hurricane –> you can\u00e2\u20ac\u2122t buy hurricane insurance<\/p>\n\n\n\n The cost of entropy –> chaos, confusion , competition, inflation, politics war –> trillions of dollars a year<\/p>\n\n\n\n .<\/p>\n\n\n\n Don\u00e2\u20ac\u2122t lose 10T a year! ***<\/p>\n\n\n\n Capital preservation<\/p>\n\n\n\n Heat preservation<\/p>\n\n\n\n .<\/p>\n\n\n\n Consumption –> Saving<\/p>\n\n\n\n .<\/p>\n\n\n\n No worry!<\/p>\n\n\n\n Bitcoin is anti<\/em> worry!<\/p>\n\n\n\n .<\/p>\n\n\n\n Transfer value without a trusted intermediary<\/p>\n\n\n\n Store value<\/em> without a trusted intermediary! **<\/p>\n\n\n\n .<\/p>\n\n\n\n 450T of capital. Worth $10T a year, big idea<\/p>\n\n\n\n .<\/p>\n\n\n\n Digital Assets<\/p>\n\n\n\n .<\/p>\n\n\n\n Physics .<\/p>\n\n\n\n Digital capital<\/p>\n\n\n\n Not digital currency! ***<\/p>\n\n\n\n Define it the wrong way —<\/p>\n\n\n\n .<\/p>\n\n\n\n $100M building in Miami. Owning a digital building<\/p>\n\n\n\n No tax, traffic, tenant, no regulator<\/p>\n\n\n\n Musical, fungible, configurable<\/p>\n\n\n\n .<\/p>\n\n\n\n Digital capital is global capital ***<\/p>\n\n\n\n Savant genius<\/p>\n\n\n\n .<\/p>\n\n\n\n Don\u00e2\u20ac\u2122t buy $100M building in Russia Africa, Lebanon, etc —<\/p>\n\n\n\n .<\/p>\n\n\n\n Nirobi vs Manhattan<\/p>\n\n\n\n .<\/p>\n\n\n\n 1,000 year asset<\/p>\n\n\n\n Be wealthy forever !<\/p>\n\n\n\n .<\/p>\n\n\n\n 30,000 years! A store value<\/p>\n\n\n\n .<\/p>\n\n\n\n 733 exahash<\/p>\n\n\n\n Backed by power<\/p>\n\n\n\n Raw power<\/p>\n\n\n\n 18.33 gigawatts<\/p>\n\n\n\n $850B invested<\/p>\n\n\n\n 220M holders<\/p>\n\n\n\n .<\/p>\n\n\n\n All cryptos are pegged to BTC ***<\/p>\n\n\n\n .<\/p>\n\n\n\n Bitcoin Bank, 21M coins<\/p>\n\n\n\n .<\/p>\n\n\n\n 420M people support crypto –> America voted Bitcoin!<\/p>\n\n\n\n 100x more powerful than next best one<\/p>\n\n\n\n .<\/p>\n\n\n\n Smart money –> store money in cyberspace and not lose it\u00e2\u20ac\u00a6<\/p>\n\n\n\n It is the winner<\/p>\n\n\n\n Smart Money<\/p>\n\n\n\n .<\/p>\n\n\n\n \u00e2\u20ac\u0153Dudes bank\u00e2\u20ac\u009d–<\/p>\n\n\n\n Emerging<\/em> Dominant digital monetary network<\/p>\n\n\n\n 95% don\u00e2\u20ac\u2122t understand digital monetary<\/p>\n\n\n\n Rupert Murdoch<\/p>\n\n\n\n .<\/p>\n\n\n\n All securities in the US<\/p>\n\n\n\n Chinese and Russians can\u00e2\u20ac\u2122t \u00e2\u20ac\u00a6<\/p>\n\n\n\n 19th century dead money<\/p>\n\n\n\n .<\/p>\n\n\n\n 60\/40 portfolio<\/p>\n\n\n\n 1-3% to 10-20% allocation<\/p>\n\n\n\n .<\/p>\n\n\n\n Larry fink<\/p>\n\n\n\n .<\/p>\n\n\n\n Institutions<\/p>\n\n\n\n .<\/p>\n\n\n\n $40M a day of BTC available every day by natural sellers<\/p>\n\n\n\n .<\/p>\n","protected":false},"excerpt":{"rendered":" Airplane vs donkey cart Structural and technical . No counterparty risk from competitor, country, coeporetoe, creditor, cultures, currencies Orthogonal to market — alph. . MIT think from first principles *** Build things which have never been built before , solve problems humans haven\u00e2\u20ac\u2122t figured out yet .. Elon Musk First Principles . Basic Physics & […]<\/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_memberships_contains_paid_content":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-648383","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\/648383","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=648383"}],"version-history":[{"count":1,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/648383\/revisions"}],"predecessor-version":[{"id":648384,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/648383\/revisions\/648384"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=648383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=648383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=648383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Risk of real estate or property<\/p>\n\n\n\n