I took $50 million of my own money and bought Facebook, Apple, Amazon, and
Google stock. I rode that wave and turned $50 million into $500 million.
$50M to $500M…. 10x
You hold it and wait ***
Monetary networks
Move from A –> B
Cost goes down 100,000x
.
More economical
“If a new thing is technically feasible and is far more economical than the
old thing, then the new thing will happen—sooner or later.”
—MICHAEL SAYLOR (The Mobile Wave)
Monetary network
Technical problem
Economic problem
Civilization is based upon the monetary network
Bitcoin lasts forever –> isn’t this like an insanely big idea?
AN ENGINEERING BREAKTHROUGH
The engineer’s credo is to look at their surroundings and use their intellect, available
materials, and learned techniques to construct a better world for those they love.
It means choosing not to be a victim of circumstance, but instead endeavoring to
change those circumstances through action.
Engineer construct a better world for those they love don’t be a victim of circumstance. Endeavor to change those circumstances through action
Money as scientifically proper not government
.
Creating versus engineering money
No leaks
Closed system, you cannot add or removed more than 21 million coins
Steel doesn’t deflect
Calculus steel and bitcoin
 Not all crypto is based on proof of work; therefore, not all crypto is digital capital.
Proof of work, it needs to have proof of work to be digital capital
It’s not the first it’s the only ***
Capital creation versus capital preservation
 Only the strongest money wins because nobody wants the second best.
Nobody wants the second best
Time is the ultimate scarce yardstick.
What have we done with Bitcoin? We have bottled time
Bitcoin we have bottled time
Digital property > digital capital
Hold it for a long time
think hundreds of years for your family
mortgage it (borrow against it )***
Mortgaging your Bitcoin is an insanely fucking smart idea
Productive and defendable
276^3 ***
Monetizing energy
Moving energy through time and space
How to bottle energy –> Bitcoin
Buying bitcoin is bottling energy 
Immortal protocol
Security: impossible to attack 
.
Perfection is achieved not when there is nothing more to add but nothing left to take away
AI is brute force
The beauty of brute force
Energy is the capacity to do work
The measure of power in cyberspace is the exahash (one quintillion hashes per second).
Analog energy to electricity
Digital fingerprint
Analogue energy //  digital energy
Bitcoin is digital energy.
Energy –> electricity
Hardware (ASIC)
Algorithm (SHA-356)
Hash 256 bits
$50B worth of computer equipment
$21B a year of electricity
.
Digital defense
“In the last 3,421 years of recorded history, only 268 have seen no war. The
causes of war are the same as the causes of competition among individuals:
acquisitiveness, pugnacity, and pride; the desire for food, land, materials,
fuels, mastery.”
.
Real virtues vs fake virtues
.