{"id":649666,"date":"2024-11-20T21:00:00","date_gmt":"2024-11-21T02:00:00","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/?p=649666"},"modified":"2024-11-20T22:16:03","modified_gmt":"2024-11-21T03:16:03","slug":"bitcoin-is-happiness","status":"publish","type":"post","link":"https:\/\/erickimphotography.com\/blog\/2024\/11\/20\/bitcoin-is-happiness\/","title":{"rendered":"Bitcoin *IS* Happiness!"},"content":{"rendered":"\n
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Video podcast<\/a><\/p>\n\n\n\n

\nhttps:\/\/creators.spotify.com\/pod\/show\/erickim\/episodes\/Bitcoin-IS-Happiness-e2r9j42\n<\/div><\/figure>\n\n\n\n

Summary of \u00e2\u20ac\u0153Thinking Like an Engineer\u00e2\u20ac\u009d<\/strong><\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Michael Saylor\u00e2\u20ac\u2122s Misconception<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Many believe Michael Saylor is a trader, but he is actually an engineer.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Engineers think from first principles, deeply analyzing the true nature of things.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Thinking Like an Engineer<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 The author relates to thinking like an engineer, applying first principles.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Modern societal issues are often social problems that could benefit from engineering approaches.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Leonardo da Vinci as a Model Engineer<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Leonardo exemplifies infinite curiosity and playfulness.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Despite his genius, he relied on patronage and wasn\u00e2\u20ac\u2122t financially independent.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 True freedom and power come from personal financial independence.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Bitcoin as Solidified Happiness<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Bitcoin represents economic power, energy, joy, and happiness in a tangible form.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Owning Bitcoin brings the author great happiness and a sense of empowerment.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Bitcoin exists in cyberspace, not the physical realm, yet holds significant value.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Reevaluating Preconceptions<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 The author overcame initial misconceptions about engineering being too math-heavy.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Real engineering is rooted in physics and reality.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Suggests rethinking societal norms from scratch (tabula rasa) using first principles.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Innovation in Transportation<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Proposes that if we redesigned transportation today, we\u00e2\u20ac\u2122d opt for electric self-driving cars.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Highlights the health hazards of tailpipe emissions from gasoline cars.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Advocates for the practicality and environmental benefits of electric vehicles.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Critique of Romanticizing the Past<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Believes that clinging to the past is counterproductive.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Questions societal norms like extravagant spending on engagement rings.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Suggests practicality over tradition in personal and financial decisions.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Bitcoin as Digital Real Estate<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Compares Bitcoin to owning valuable real estate due to its limited supply (21 million bitcoins).<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Suggests that investing in Bitcoin is like acquiring prime digital property.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Investment Strategies<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Argues that renting is more financially prudent than buying property.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Recommends investing in Bitcoin over traditional real estate for greater returns.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Notes the significant increase in Bitcoin\u00e2\u20ac\u2122s value and its potential for future growth.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 MicroStrategy (MSTR) Investment<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Highlights the rise of MicroStrategy stock due to its significant Bitcoin holdings.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 The author invested in MSTR stock early and anticipates continued growth.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Suggests using gains from MSTR stock to purchase more Bitcoin.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Systemic Challenges<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Observes that current systems are outdated and rigged against individuals.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Uses the example of infrastructure based on ancient standards (e.g., Roman roads influencing car widths).<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Advocates for embracing new technologies and systems like Bitcoin.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 The Shift to Bitcoin<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Notes that people are recognizing the superiority of Bitcoin over other cryptocurrencies.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Predicts a migration of value from weaker assets to Bitcoin.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Embracing New Economic Theories<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Emphasizes the importance of innovative thinking over traditional economic models.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Views Bitcoin as more valuable than major tech companies due to its global accessibility.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Highlights Bitcoin\u00e2\u20ac\u2122s potential to revolutionize global finance.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Focus on Cyberspace<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Echoes Michael Saylor\u00e2\u20ac\u2122s sentiment to prioritize cyberspace over outer space exploration.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Cyberspace is the new frontier for economic activity and power.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Bitcoin is poised to become the global monetary network, even applicable in future space endeavors.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Bitcoin\u00e2\u20ac\u2122s Enduring Value<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Bitcoin is unique in that it can last indefinitely, unlike physical objects subject to decay.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Posits that Bitcoin might be the most ethical investment for the planet.<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Conclusion<\/strong>:<\/p>\n\n\n\n

\u00e2\u20ac\u00a2 Encourages investing in Bitcoin as a path to happiness and financial success.<\/p>\n\n\n\n

Thinking Like an Engineer<\/h1>\n\n\n\n

Creative engineering:<\/p>\n\n\n\n

So one of the really fast things I learned from Michael Saylor in his last interview with Natalie Brunell at the end what is what was misconception about him; and he said, the greatest misconception was that Michael Saylor was a traitor, but the reality is\u00e2\u20ac\u00a6 He\u00e2\u20ac\u2122s an engineer.<\/p>\n\n\n\n

What is the difference? Well the general difference is that an engineer, do you think about things first principles, use stare deeply and analyze deeply into the true nature of things, and what that then means is you understand the true nature of things.<\/p>\n\n\n\n

Then I guess, I kinda do think like an engineer, carte blanche principles.<\/p>\n\n\n\n

For example, so much of this modern day BS about almost everything, seems to be mostly a social problem. Sociology, maybe could also be understand as the sociology of engineering, also social engineering?<\/p>\n\n\n\n

what does it mean to think like an engineer?<\/h2>\n\n\n\n

So once again, if you understand Leonardo da Vinci like the Golden standard of an engineer, somebody who is part curious, partially playful, kind of like imagine a big kid on steroids; infinite curiosity about everything. Maybe also\u00e2\u20ac\u00a6 I\u00e2\u20ac\u2122m like the next Leonardo da Vinci, but a lot richer And far more jacked?<\/p>\n\n\n\n

Even the problem of a Leonard da Vinci, I still think he got his patronage from the Medici\u00e2\u20ac\u2122s? Which means that he was not financially independent; and the truth is ultimately, without personal financial independence, you cannot really really have 100% true freedom and power<\/strong>. \u00ef\u00bf\u00bc<\/p>\n\n\n\n

Bitcoin as solidified happiness<\/h2>\n\n\n\n

I might be the first to thought this; what is bitcoin? To me it is like solidified happiness. If you took all this economic power energy joy and happiness, and you could solidify it into a thing, to me that would be a bitcoin.<\/p>\n\n\n\n

For example, every time I see my bitcoin balance swell, and become greater, it brings a huge smile to my face, a huge voyage grin to my face, whatever scenario.<\/p>\n\n\n\n

And then also then the thing is\u00e2\u20ac\u00a6 The bitcoin is like almost kind of imaginary. Like doesn\u00e2\u20ac\u2122t really exist anywhere in the physical realm, it only exists in cyberspace, your mind.<\/p>\n\n\n\n

So for example, if I want to prove to you my bitcoin balance I can just take out my phone or iPad and prove it to you immediately\u00e2\u20ac\u00a6 So I guess this is the cool thoughts; now that I\u00e2\u20ac\u2122m super fucking rich and powerful and godlike glorious, I could just walk into any sort of Lamborghini or Ferrari or Porsche dealership, and just automatically assume and demand a test drive!<\/p>\n\n\n\n

And also the extreme joy, I could just handle and touch everything, and fuck with stuff, like I own it. Because I do.<\/p>\n\n\n\n

How and why?<\/h2>\n\n\n\n

So once again, I think the hardest thing to think like an engineer is that at least for myself, I majored in sociology, always thought the engineering was like two math heavy, and was about following the rules.<\/p>\n\n\n\n

However, if you really think about real engineering, like building a bridge or making planes fly etc.\u00e2\u20ac\u00a6 It is 100% rooted in physics and reality.<\/p>\n\n\n\n

The hard thing with ethics philosophy, as well as opinions, politics, sociology ethics etc. is that they are not focused on reality. Or nature.<\/p>\n\n\n\n

So for example, the fucking insanity of somehow allowing 12-year-old kids, have access to puberty blockers, hormone inhibitors, hormone amplifiers, etc.\u00e2\u20ac\u00a6 At such a young age? Mother nature does not produce steroids or estrogen in pill or injection format naturally.<\/p>\n\n\n\n

Nature?<\/h2>\n\n\n\n

The tricky thing is when people talk about nature\u00e2\u20ac\u00a6 Like what is it that people really are talking about? Are they talking about like human nature, our DNA, our primordial being and nature? Or are we talking about like trees and stuff? Not really sure.<\/p>\n\n\n\n

Anyways, first principles first principles thinking.<\/p>\n\n\n\n

So the first line of things is kind of do like a hard reformat of the past and prior knowledge, and think things totally carte blanche, blank slate, white slate, black canvas, right now. Like if you just wiped the tablet clean, tabula rasa — how would you do things, right now, in the year 2024?<\/p>\n\n\n\n

For example\u00e2\u20ac\u00a6 I\u00e2\u20ac\u2122m a huge fan of stick shift, the upsides of gasoline etc., and hybrid cars and Priuses, but the real truth is, if you somehow erased all the cars on the planet, today, and you somehow had to create automobiles and vehicles for all 8 billion of us right now\u00e2\u20ac\u00a6 How would it and how should it look like? It would probably be like all self driving Teslas, obviously electric cars.<\/p>\n\n\n\n

I think the biggest problem about petroleum cars are tailpipe admissions. If you have ever been in local LA traffic or the 405 or the 10 during peak rush-hour when you see a car with that converter on, and you have your windows down and that insanely fucking toxic tailpipe chemicals are going straight into your lungs, You will actually know first hand, that the truth is this is obviously bad for your health. And the health of your kid and family and society.<\/p>\n\n\n\n

For example, imagine like you have a 1960s Camaro, without a catalytic converter. Would you allow it to run idle, in your garage with all the windows closed, with the tailpipe directly in the throat of your four-year-old child?<\/p>\n\n\n\n

Obviously not!<\/p>\n\n\n\n

So I think there are some simple practical things;<\/p>\n\n\n\n

First, tailpipe emissions are obviously 1 trillion times bad.<\/p>\n\n\n\n

Second, assuming that we all have nuclear vision or whatever, then electricity should practically be free. Then, Teslas and electric cars makes sense.<\/p>\n\n\n\n

Third also assuming that the Tesla super charging network is growing like a virus, the obvious thing thing is that it will continue to grow at an exponential rate.<\/p>\n\n\n\n

For example, it is very difficult to structurally build a gasoline station somewhere, but the only reason we keep using it is that it is already there, fast and convenient and cheap.<\/p>\n\n\n\n

But once again, if you started a totally brand new society in the middle of the desert, obviously it would probably be centered around electric cars and electric vehicles, as the upside of building a Tesla supercharger is very easy, Far easier than building anything else.<\/p>\n\n\n\n

Romanticism of the past is for weaklings<\/h2>\n\n\n\n

Are you a demigod or a weakling? Simple bifurcation.<\/p>\n\n\n\n

So my personal understanding is that the reason why people seek refuge in the past is that it is an act of cowardice, only pussies are romantics.<\/p>\n\n\n\n

\u00ef\u00bf\u00bcI thought about this for a long time but what is it in fact, the history of the word \u00e2\u20ac\u0153romance, and why do they call it \u00e2\u20ac\u0153romantic\u00e2\u20ac\u009d? \u00ef\u00bf\u00bc\u00ef\u00bf\u00bc\u00ef\u00bf\u00bc<\/p>\n\n\n\n

Thank God for ChatGPT. They said you talked about how the notion was \u00e2\u20ac\u0153romanz\u00e2\u20ac\u009d– essentially it were works that are created in the romance language languages, like Italian Spanish French etc. Anything that was not Latin.<\/p>\n\n\n\n

But the problem about this movement is that it emphasized concepts and ideas that were quite degenerate in nature. For example, over excessive feelings, I think the medieval literature of knightly chivalry etc. to be \u00e2\u20ac\u0153gallant\u00e2\u20ac\u009d– even the Vietnamese have a term \u00e2\u20ac\u0153gallant\u00e2\u20ac\u009d– like when you\u00e2\u20ac\u2122re opening a door for a woman to get out of a taxi, just like a knight who takes off his robe to cover a puddle to let a woman walk across it?<\/p>\n\n\n\n

People don\u00e2\u20ac\u2122t really give it a second thought\u00e2\u20ac\u00a6 \u00ef\u00bf\u00bc everyone assumes that to be romantic is a good thing? Like somehow this fucking insane idea I spent six months of your salary to buy your fianc\u00c3\u00a9 a diamond wedding ring, which is just a fake commodity. My greatest pride is that for my engagement ring to Cindy only spent like 300 bucks on a really beautiful purple tinted cubic zirconia diamond, super smart.<\/p>\n\n\n\n

And also wore the wise; if you\u00e2\u20ac\u2122re planning on getting married or engaged or whatever\u00e2\u20ac\u00a6 Never spend more than $300 on a wedding ring.<\/p>\n\n\n\n

The gift of bitcoin?<\/h2>\n\n\n\n

Bitcoin is like your new cyber estate. The other day I saw a new funny Zen Wabisabi minimalist hipster house, one of those really cool new three-story teepees they build on a small plot of land listed for $4.4 million. And this is for like a super tiny plot of land, even on a square block, you can feel like 30 of these houses on it.<\/p>\n\n\n\n

So assuming that bitcoin is like digital real estate, or digital property, and there are only like 21 million of them on the planet forever, and also whenever you\u00e2\u20ac\u2122re on the 405 driving during peak rush-hour, you might see like 21 million cars on the road. And how many humans live in Los Angeles? Like 100 million?<\/p>\n\n\n\n

anyways, like imagine that I was a genie and I waved a magic wand and I told you that there would only be our 21 million single family homes, on the whole planet, forever. And there would never ever ever be more single-family homes ever produced. Wouldn\u00e2\u20ac\u2122t you want to nab one, for a super steal of a price, only $100,000?<\/p>\n\n\n\n

Think about the price of a bitcoin vs a home<\/h2>\n\n\n\n

My thought is obviously you need the utility of somewhere to live, and this is where paying rent is like a quadrillion times smarter than buying real estate a single-family home, property, a condo etc.<\/p>\n\n\n\n

A lot of people have this foolish idea; I\u00e2\u20ac\u2122m gonna buy like a condo or a single-family home or whatever for two reasons: first, utility value like a place to live. Second, as an \u00e2\u20ac\u0153investment\u00e2\u20ac\u009d. However the reason why this is not good is that if you really want to maximize your investment, it is super simple you just buy bitcoin! It\u00e2\u20ac\u2122s going to go up forever until it hits $55 million a bitcoin, and then probably $105 million a bitcoin etc. \u00ef\u00bf\u00bc\u00ef\u00bf\u00bc<\/p>\n\n\n\n

I was watching CNBC a video retweet by Michael Saylor, showing that now as of today bitcoins options trading is live! And literally everyone has their jaws dropped, everyone is like confused and befuddled, shock and all, everyone has no idea what to think. Even I\u00e2\u20ac\u2122m shocked? Even I\u00e2\u20ac\u2122m confused! A very good sign.<\/p>\n\n\n\n

this is not even funny anymore<\/h2>\n\n\n\n

So if you watch traditional news, the Telly etc, what do you see? Apple Apple Apple, Nvidia Nvidia Nvidia, Tesla Tesla Tesla, etc.<\/p>\n\n\n\n

Why don\u00e2\u20ac\u2122t you see microstrategy? \u00ef\u00bf\u00bcMSTR, which is pretty much nuclear at this point. It is literally like the hottest stock on the planet, maybe the whole human universe?<\/p>\n\n\n\n

$320,000 to $860,000<\/h2>\n\n\n\n

\u00ef\u00bf\u00bc Like it is kind of insane\u00e2\u20ac\u00a6 I just converted all of our Roth IRA and our traditional retirement accounts, IRA, etc., and some random spare cash we had lying around all into MicroStrategy, just like three months ago, in September, when the stock was like only $140 or 130 a share. Now, it is going ballistic; $499 @ share, and I\u00e2\u20ac\u2122m not gonna be shocked when you see MicroStrategy at $10,000 or even $20,000, $30,000, $40,000 or even $50,000 a share!<\/p>\n\n\n\n

Why? \u00ef\u00bf\u00bc<\/p>\n\n\n\n

It is simple, it is a brand new carte blanche, a totally brand new, perfectly engineered company. If you created a totally brand new company in the year 2024, assuming that next year January 2025 is going to be year one of institutional acceptance of bitcoin, And assuming that we have this phenomenally glorious red wave, which means we have a full pro bitcoin Senate house president etc., and everyone is going all in on bitcoin! My personal thought is the next four years, assuming that you put all your wealth into bitcoin and or MSTR microstrategy stock, I will not be surprised to see your wealth 50X from here. \u00ef\u00bf\u00bc<\/p>\n\n\n\n

Why? Once again, bitcoin is the first perfectly engineered money and capital digital capital.<\/p>\n\n\n\n

Up until now, the US dollar, field currency was kind of like the least bad thing that we could make of, if you read The Fist Standard<\/em> by Saifedean, you actually see that was really good for the period of time in which we needed it. Because for ordinary transactions, walking around with gold bars and or gold coins was not really practical. And especially for international trade, fiat currency the banking Swift system was mostly useful.<\/p>\n\n\n\n

But now that we have tether, circle and the like; you actually see a lot of Chinese corporations, I saw a lot last summer in Cambodia, even mainland Chinese companies are using tether for payments instead of the Chinese yuan, etc.<\/p>\n\n\n\n

Michael Saylor has an idea that we should have tether relocate her headquarters to America, and if this is the case, \u00e2\u20ac\u00a6 this would be very good for America and everybody.<\/p>\n\n\n\n

what is \u00e2\u20ac\u0153crypto\u00e2\u20ac\u009d?<\/h2>\n\n\n\n

\u00ef\u00bf\u00bc\u00ef\u00bf\u00bc\u00ef\u00bf\u00bcSo to anybody new to the space, we often think and hear of bitcoin and the like being called crypto, cryptocurrency etc. But it is not. \u00ef\u00bf\u00bc<\/p>\n\n\n\n

Bitcoin is digital capital, everything else is like a speculation and or like cotton candy or like a fake cubic zirconia diamond.<\/p>\n\n\n\n

Not Ethereum or any Ethereum derivatives<\/h2>\n\n\n\n

Come on just look at the prices of bitcoin versus Ethereum. This is like literally the best day of all time, November 20, 2024 — bitcoin breaking around $95,000 of bitcoin, and everyone is rooting and waiting for the $100K party. \u00ef\u00bf\u00bc I feel bad for all of these Ethereum losers, even people with chainlink, they are all wrong. \u00ef\u00bf\u00bc<\/p>\n\n\n\n

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Everyone is a winner on the bitcoin standard. The nuance is that there are just varying degrees of success.<\/p>\n<\/blockquote>\n\n\n\n

MSTR or Bitcoin?<\/h2>\n\n\n\n

My simple workflow is that you just buy micro strategy, write it up, and shave some off of the top in order to<\/em> buy more bitcoin. \u00ef\u00bf\u00bc\u00ef\u00bf\u00bc<\/p>\n\n\n\n

MSTR –> BTC<\/p>\n\n\n\n

For example, if you purchase like $150,000 worth of microstrategy stock, and then it goes up to $200,000 worth, it is very simple, you just sell $50,000 worth the stock, transfer that to your checking account, and then buy $50,000 of bitcoin, \u00ef\u00bf\u00bcjust using Coinbase or whatever app or platform or thing you have access to. \u00ef\u00bf\u00bc<\/p>\n\n\n\n

Why BTC over MicroStrategy?<\/h2>\n\n\n\n

Bitcoin, is the true digital capital, like owning the square of blocks of cyber Manhattan. Ultimately, if you\u00e2\u20ac\u2122re a really really really rich wealthy family, the best is to brag about how many square blocks of Manhattan your own. For example if you own like 21 square blocks of Manhattan, right next to fifth Avenue, and Central Park, This is worth like billions of dollars. You never sell like a square block of fifth Avenue, in order to buy a Lamborghini or Starbucks Frappuccino\u00e2\u20ac\u2122s. Even more so, you don\u00e2\u20ac\u2122t sell like a 10th of your apartment building for a couple coffee or a sandwich.<\/p>\n\n\n\n

Once again, just imagine like a single bitcoin being like a square block in Manhattan, but the reason why owning bitcoin is even superior to own a square block in Manhattan is that in technicality, you could actually produce more land even on the main island; just look at That one dude who built up the docks, you could just pour concrete sand and land to extend the island, to build more artificial land. Or you could just tear down old buildings and build more skyscraper that flow ever more upwards.<\/p>\n\n\n\n

My personal thought is that there are people who just want fixed regular income. For example if you just want to FIRE, financial independence retire early, and you just want a magical $10,000 USD to be deposited to your checking account, forever, then the best strategy is to just buy microstrategy stock, write it up, and at the end of every month when rent and stuff is due just sell some micro garage stock, for your living expenses, paying for your rent your beef ribs at Costco etc. \u00ef\u00bf\u00bc<\/p>\n\n\n\n

I got the keys keys keys keys!<\/h2>\n\n\n\n

I have the keys to all success, we the best! (BITCOIN, DJ KHALED)<\/p>\n\n\n\n

The system is rigged against you<\/h2>\n\n\n\n

\u00ef\u00bf\u00bc conspiracy theories aside, structurally, the truth is the system is rigged against you. Why? It was engineered that way.<\/p>\n\n\n\n

For example, even in America today, we are currently operating on 20th century rails, yet it is the 21st-century. I\u00e2\u20ac\u2122m very interesting thing I learned from Michael Saylor about the history of science is that the reason why most cars and vehicles are the width it is today is that it is simply based off of the size of the rails that the ancient Romans did for her roads;<\/p>\n\n\n\n

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All roads lead to Rome.<\/p>\n<\/blockquote>\n\n\n\n

All roads lead to Bitcoin!<\/h2>\n\n\n\n

I think people are starting to wake up\u00e2\u20ac\u00a6 They\u00e2\u20ac\u2122re starting to realize that their Dogecoin, Shiba Inu coin, memecoins, altcoins, ethereum, chainlink etc aren\u00e2\u20ac\u2122t actually worth anything.<\/p>\n\n\n\n

\n

Naturally, Wu-Wei — all of the weaker currencies and assets shall flow into the stronger ones.<\/p>\n<\/blockquote>\n\n\n\n

What that means is your already seeing it, I\u00e2\u20ac\u2122m Exodus in a flight from Ethereum into bitcoin, which is like 1 trillion times better sexier cooler more desirable stronger and superior in every sort of way.<\/p>\n\n\n\n

For example, would you rather be driving the old Volkswagen Passat, or the cybertruck on steroids? \u00ef\u00bf\u00bc<\/p>\n\n\n\n

Or, would you rather have the horse and buggy, or would you rather have the Rolls-Royce the Bentley or the Lexus LS?<\/p>\n\n\n\n

\n

Fully loaded LS\u00e2\u20ac\u2122s,,, ah yes! – JAY Z<\/p>\n<\/blockquote>\n\n\n\n

Carte Blanche economic theory<\/h2>\n\n\n\n

\u00ef\u00bf\u00bc one of my great happinesses is that I did not formally study economics. Why is it such a good thing? I also never studied business, another good thing.<\/p>\n\n\n\n

The reason is all the old models are wrong, and whenever we simply try to copy the past models, we will not succeed in massively because true successes are carte Blanche, insanely awesome.<\/p>\n\n\n\n

For example, it seems now that Tesla in Nvidia was such obvious investing decisions, or like buying Apple in the 1980s. Or buying Google or Amazon or even Microsoft in the early days.<\/p>\n\n\n\n

Now, if I could tell you that there is this thing or company or concept \u00ef\u00bf\u00bc Fan is actually in fact like 1 million times more valuable than Apple Amazon Facebook google etc.\u00e2\u20ac\u00a6 And that is gonna take over the whole planet, wouldn\u00e2\u20ac\u2122t you want to buy a piece of the pie?<\/p>\n\n\n\n

The big idea, if you were like in mainland China, even if you wanted to buy Apple Amazon Facebook etc., you couldn\u00e2\u20ac\u2122t because these are US American securities. With bitcoin, you can! It does not matter what your jurisdiction your country your thing is etc. If you are in Nairobi, Afghanistan, Shanghai, Beirut, the Netherlands whatever, anyone and everyone could purchase bitcoin. I\u00e2\u20ac\u2122m sure there\u00e2\u20ac\u2122s even clever ways you could do it in Cuba.<\/p>\n\n\n\n

The race for cyberspace<\/h2>\n\n\n\n

Another interesting thought from Michael Saylor, considering that he studied history of science at MIT, which sounds like a very very good major, a good idea, maybe if Seneca gets into MIT and wants to study history of science, I\u00e2\u20ac\u2122ll send him.<\/p>\n\n\n\n

Anyways, Michael Saylor studied aeronautical engineering, and although he is a huge fan of Elon Musk he also is a bit critical;<\/p>\n\n\n\n

\n

before we go to outer space, why not go into cyber<\/em>space instead?<\/p>\n<\/blockquote>\n\n\n\n

The notion cyber is actually super funny because it is kind of like an antiquated term; but as of late has become cool again. Like cyberpunk, cyber truck etc.<\/p>\n\n\n\n

Actually the funny thing was in the early 90s, when I was a kid, on AOL instant messenger, when you said \u00e2\u20ac\u0153Wanna cyber?\u00e2\u20ac\u009d What is essentially sexual innuendo like do you wanna have sexy online erotic talk?<\/p>\n\n\n\n

Anyways, the reason why cyberspace seems to be a good field is that this is where all the economic energy power and warfare is heading. For example out of all the traditional job pats, cyber security seems to be the most important one, also \u00e2\u20ac\u0153penetration testing\u00e2\u20ac\u0153. This is where the big money is.<\/p>\n\n\n\n

But beyond that, it is obviously bitcoin. Bitcoin is and will become the global monetary network, I\u00e2\u20ac\u2122m also certain we could even use bitcoin when we go to Mars. If you want to bring your wealth with you on a spaceship to the moon or Mars or whatever, it seems pretty obvious that you would probably Bring bitcoin. You\u00e2\u20ac\u2122re not going to take your square block in Manhattan or Culver City with you; you cannot take gold bars with you on a spaceship, nor can you bring Fiat currency, your JP Morgan Chase, your Lamborghini etc.<\/p>\n\n\n\n

why bitcoin might be the best most ethical thing for the planet?<\/h2>\n\n\n\n

The reason is because, once you have produced and created the bitcoin, it will last forever. There is nothing in the whole human universe that will last forever, as a result of physics and decay etc. But a bitcoin does<\/strong>. \u00ef\u00bf\u00bc\u00ef\u00bf\u00bc<\/p>\n\n\n\n

Buy happiness, buy Bitcoin!<\/p>\n\n\n\n

ERIC<\/p>\n\n\n\n

\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Video podcast Summary of \u00e2\u20ac\u0153Thinking Like an Engineer\u00e2\u20ac\u009d \u00e2\u20ac\u00a2 Michael Saylor\u00e2\u20ac\u2122s Misconception: \u00e2\u20ac\u00a2 Many believe Michael Saylor is a trader, but he is actually an engineer. \u00e2\u20ac\u00a2 Engineers think from first principles, deeply analyzing \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_seo_schema_type":"","_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-649666","post","type-post","status-publish","format-standard","hentry","category-posts"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/649666","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=649666"}],"version-history":[{"count":6,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/649666\/revisions"}],"predecessor-version":[{"id":649671,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/649666\/revisions\/649671"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=649666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=649666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=649666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}