30% ARR, naturally organic growth over the next 30 years?<\/p>\n\n\n\n
Holding steady!<\/p>\n\n\n\n
So what is the one universal good that holds us together as humanity? Money.<\/p>\n\n\n\n
\ufffcRather than what these skinny fat loser marxists say, money is the glue which holds society together. It is the social glue that holds us together, promotes peace & cooperation, and facilitates better living for everybody. <\/p>\n\n\n\n
So I was randomly thinking\u2026 Bitcoin kind of makes starting a startup kind of unnecessary. \ufffcThe big idea and thought is Bitcoin, over the next 30 years compounding in growth, .. 30% ARR,,, steadily, organically … without you having to \u201cwork harder\u201d, to make it work better. So what this means is, you could essentially, \u201cbitcoin & chill\u201d for the 30 years of your life, and you will never have to work another day in your life, assuming that you don\u2019t panic sell or get too emotional about things. <\/p>\n\n\n\n
I see a lot of people spending insane sums of money to create a \u201cstartup\u201d, or a new business ,,, which requires an insane amount of capital upfront, the materials laborers, workers, contractors, building staff, etc … but the easiest strategy is simple — just put it all into bitcoin!<\/p>\n\n\n\n
I also think the reason why people don\u2019t like this is because, I think the general ethos is, that somehow\u2026 Effort and making money has to be linked together. And also\u2026 The silly, formula:<\/p>\n\n\n\n
\nthe harder I work, the more money I will earn and thus the more virtuous I shall become. \ufffc<\/p>\n<\/blockquote>\n\n\n\n
And also,<\/p>\n\n\n\n
\nif I am not earning enough money or not making enough of a profit, it\u2019s simply because I\u2019m not working hard enough and therefore, I must continue to work ever harder.<\/p>\n<\/blockquote>\n\n\n\n
Where it also gets really complicated, <\/p>\n\n\n\n
\nthere must be a connection between financial success and stress. <\/p>\n<\/blockquote>\n\n\n\n
That is, if I\u2019m not stressed enough, I\u2019m not virtuous enough<\/em>. \ufffc\ufffc<\/p>\n\n\n\n
Why<\/h2>\n\n\n\n
If you never had to worry about money ever again for another day of your life, regardless of how rich or poor you are\u2026 How would this change things in your life?<\/p>\n\n\n\n
24\/7, 365 money<\/h2>\n\n\n\n
\ufffc if you\u2019re an investor, the markets in America are pretty clockwork, Monday through Friday, opens at 6:30 AM Pacific time, closes around 4:30 PM. And then on the weekend, you\u2019re just twiddling your thumbs. <\/p>\n\n\n\n
What\u2019s really stressing about before is that it never sleeps, it never takes weekends off, it\u2019s the hardest working in capital on the planet.<\/p>\n\n\n\n
All these uncritical people thinking about \u201cagi\u201d, or general AI, taking over the planet blah blah blah,,, \ufffc we already got it, it is bitcoin. Bitcoin is essentially AGI. Bitcoin should be better understood as a first life source, the first biological cyber organism that lives in cyber space, kind of like \u201crocky\u201d, in the new Ryan gosling Hail Mary film. <\/p>\n\n\n\n
How to finance your life & lifestyle<\/h2>\n\n\n\n
So then, the trillion dollar question that people have is, how do I live off of bitcoin, or finance my life and lifestyle off of bitcoin?<\/p>\n\n\n\n
I mean the super simple way is buy bitcoin with Coinbase and use morpho, to use your bitcoin as collateral, and essentially borrow against your bitcoin collateral, to finance your lifestyle. \ufffc<\/p>\n\n\n\n
So for example, let us say that you have 21 bitcoins, and on average bitcoin grows 60% a year for the next four years. \ufffcThe morpho protocol allows you to borrow against your bitcoin at like on average, 4 to 5% a year. So if you do some insanely simple math, it seems pretty obvious, take the arbitrage between 60% and 5% and essentially the risk free rate you\u2019re making is 55% a year for the next four years off of your money. <\/p>\n\n\n\n
And then the more interesting factor is, And this is where you do have control\u2026 Essentially you could move the dial left and right, in terms of how expensive you want your lifestyle to be. For example, do you want the expenses to be $50,000 a month? $20,000 a month? $5000 a month? $10,000 a month? $2000 a month? It\u2019s up to you.<\/p>\n\n\n\n
Once again guys, this is really really hard to consider but, yes, you have 100% control over your lifestyle living expenses, how much money you earn is not 100% in your control<\/strong>. \ufffc<\/p>\n\n\n\n
For example, you have the option of buying insanely expensive groceries or cheap groceries. Also\u2026 You have the power to essentially spend zero money on your Toyota Prius, or you could bleed $10,000 a month to lease your Lamborghini. \ufffc<\/p>\n\n\n\n
Who doesn\u2019t like money?<\/h2>\n\n\n\n
So the big philosophical thing is\u2026 Who doesn\u2019t like money? Everyone loves money. Your priest, your local food bank, your nonprofit organization, anybody and everybody loves money. <\/p>\n\n\n\n
And the thing to consider is, money is just a tool like using fire<\/strong>. You could use money to facilitate good things, or promote vice. <\/p>\n\n\n\n
\ufffc Fire is the same thing. You could use fire to cook your beef short rib ribs, or you could use it to burn down a neighboring tribe.<\/p>\n\n\n\n
Why does this all matter?<\/h2>\n\n\n\n
I will actually make the place that almost 99% of issues on the planet is around money. Poor families not having enough money to stay together, or, rich people lusting over money or stressing over money, because just because you have a lot of money doesn\u2019t mean you\u2019re not stressed about it.<\/p>\n\n\n\n
For example, I was over hearing some investors talking about Nvidia earnings report, that it was going to be a big day\u2026 Assuming that they were going to make a bunch of money based on their earnest reports but, even within insanely impressive profits from Nvidia, the stock dropped almost 5 to 8% that day, I\u2019m sure a lot of people who made speculative bets on Nvidia probably lost a lot of money and are probably kicking themselves in the butt right now. \ufffc<\/p>\n\n\n\n
Investing vs trading vs gambling?<\/h2>\n\n\n\n
So the best case is bitcoin will keep growing, on average 30% a year, for the next 30 years… and infinitely forever. If you buy into this idea, and I have, then, bitcoin is not speculation or trading or gambling,,, its inevitable,,, Just like anyone who understood that the iPhone was the future. \ufffc And this is where Michael Saylor is very very intelligent, in the Mobile wave which he wrote in like maybe 2011, almost like 15 years ago, back when I was in college, he already knew that the iPhone was going to take over the world the same thing with Facebook the digital transformation of things. And for us photographers, the domination of digital photography.<\/p>\n\n\n\n
Bitcoin is digital money, digital capital, digital energy and digital power\u2026 So obviously it\u2019s going to rewrite all the rules of traditional finance and economics.<\/p>\n\n\n\n
For example, bitcoin is like cyber steel and the traditional fiat system we got is like balsa wood. If you want to create 100 story building do you want to use steel or balsa wood? \ufffc or if you have the AI\u2019s running the globe, will they prefer bitcoin and stable coins, or would they prefer trying to set up a traditional fiat based checking account,,,, with all these tedious and expensive wire transfers?<\/p>\n\n\n\n
money of the future<\/h2>\n\n\n\n
Seneca already knows what Bitcoin is and he\u2019s only five years old. \ufffcactually he\u2019s already known what Bitcoin was since he was like three years old\u2026 And he knows the charts going up and down, is related to bitcoin prices. \ufffc\ufffc<\/p>\n\n\n\n
So I\u2019ll give you a simple thought experiment, assuming that the kids grew up\u2026 And obviously, the simple thought:<\/p>\n\n\n\n
\nby the time Seneca becomes 35 years old, and kids his generation\u2026 Will they use their iPhones more or less?<\/p>\n<\/blockquote>\n\n\n\n
Also,<\/p>\n\n\n\n
Will payments, payment rails, digital investing\u2026 will it be done more on their phones at the speed of light, 24 seven 365, or will it be done the boring traditional way? \ufffc<\/p>\n\n\n\n
I think it\u2019s pretty obvious that, kids of the future would prefer to just buy and hold bitcoin, and trade it, or use it as payment rails or capital rails, rather than some rotting 100-year-old house. <\/p>\n\n\n\n
Also, I\u2019m pretty sure as soon Apple will just build touch ID or Face ID into the ecosystem with Bitcoin. If they\u2019re not already doing it, they\u2019re foolish. <\/p>\n\n\n\n
\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
30% ARR, naturally organic growth over the next 30 years? Holding steady! Money? So what is the one universal good that holds us together as humanity? Money. \ufffcRather than what these skinny fat loser marxists say, money is the glue which holds society together. It is the social glue that holds us together, promotes peace […]<\/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,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[17],"tags":[],"class_list":["post-668957","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\/668957","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=668957"}],"version-history":[{"count":1,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/668957\/revisions"}],"predecessor-version":[{"id":668958,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/668957\/revisions\/668958"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=668957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=668957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=668957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}