Do you remember Kodak brownies and the like? Obviously digital photograph absolutely crushed Kodak, even though ironically Kodak I think made the first digital camera?
Also, the very foolish and shortsighted thing that conducted; she almost self sabotage herself by kind of trying to kill off her own digital camera, concerned that we would eat into the profits of her film business.
A similar insight; Steve Jobs, upon unleashing the iPhone, obviously he knew that it was going to eat into the iPod iPod touch market, but obviously it was the right step forward.
The innovators dilemma
This is a book that apparently Steve Jobs recommended everyone to read. The general idea is that the paradox and difficulty that innovator’s face is that in order to innovate something new, you kind of need to kill your own business, even have the courage to self cannibalize if necessary.
So for example, I think Ford has done a decent job at this semi trying to get into the electric car market, instead of just hoarding her gas guzzler cars.
But the difficulty of a Ford or any other car company is that because they did not start off 100% carte blanche electric, they’re never going to catch up to Tesla,
Do you remember in the early days of Tesla, in which the evaluation was far greater than that of any major car company and everyone thought that it was insanely overvalued? Who is laughing now?
Other megatrends
So a book that nobody knows about is the mobile wave by Michael Saylor; in which he accurately predicts that mobile phones, mobile technology, all the big magnificent seven companies to take over the world. He predicted the success of Amazon Facebook Twitter Google and Apple before anyone really took notice.
In fact I recommend everyone to read them all way, because it shows the inside that Michael Saylor is not new to the game; he’s been in the game for a long time, over 30 years. Apparently he has seen his stock drop to an ALL TIME LOW of $.20, And now it is currently in the mid 400s.
It doesn’t really matter if you’re right
So I guess I was right all along about bitcoin, ever since I bought like 2.2 bitcoins or 2.4 bitcoins for about 20,000 or $25,000, back in 2018 when bitcoin was only around $6000-$7000 a coin.  sing that we’re about to have the hundred K party, I’ve almost I guess like 12 or 13 X ‘d my initial prediction?
Anyways, if you’re right about bitcoin and was right about bitcoin… And no no no bitcoin is not gonna drop down to like 60,000 or 30,000, that does not how engineering works. For people who think that bitcoin is risky, ask people… Is it risky to cross the bridge or go on a flight? No. Why? Things were engineered that way!
With bitcoin, you’re not gonna have all these people who you’re trying to proselytize turn around and tell you that you were right, and shower you with good news. No no no, they might either feel low-key envious or jealous of you, and won’t probably really say much. This is also why I don’t really tell people about bitcoin too much if they don’t seem like they have a strong need for it; for example my uncle who’s worked in the jewelry business for like over 30 years, he wants to retire, and I’m kind of in the process of helping him Sell his gold and his other reserves and stuff, in order to buy bitcoin. Even he at the age of 64, being a gold jeweler for like over 30 years know that bitcoin is the future. But his issues that he cannot stomach the volatility, he says it is like drugs, “mah-yyak”– when I was with him last I just set him up with Coinbase, and just bought the daily maximum for his account which was $3500, I think we bought windows around $65,000 a coin, and already it’s like $99,000 a coin. But once again, I think the difficult thing with bitcoin is that like is probably the most addictive crack cocaine on the planet, because it is being traded 24 7, it is extremely volatile because volatility is vitality. Anything that is allowed to trade every single waking moment, on weekends as well as the evenings, and also bank holidays, is going to have more volatility because people are just bored at home, they cannot play the traditional market so they’re going to just try to buy and sell bitcoin, do some sort of weird options trading to try to squeeze a few bucks here and there.
Disruption and innovation
I was randomly think about Peter Thiel and his zero to one book; I think if you thought about bitcoin like a year or two ago, you might’ve seen that are artificial intelligence in AI was the right bet. But no, it is most certainly bitcoin.
Why? Assuming that the world runs on money, and bitcoin is perfect money, it is like maybe 80 to 90% the solution to the problems of humanity.
For example, what are the greatest bad things that happened to humans? It mostly has to deal with financial distress. I almost wonder people who get addicted to gambling, drugs, cycles of poverty is because the money right now the fiat currency is toxic. You cannot blame somebody for remaining sick if they only have a sewer water to drink, and they have kids and are also forced to feed their kids sewer water.
It doesn’t matter how smart hard-working or intelligent you are, as long as you’re drinking sore water, you’re going to perpetually be sick, throwing up, permanently infected with cholera.
Clean water
So you know you have all these Crusades on the Internet and charity is talking about providing clean water to like poor kids in Africa? I think the same thing with bitcoin– it is like the chance to give clean water to 8 billion people on the planet. Except instead of water, it is clean money. Nontoxic money.
Why money matters
It matters if you’re at church a nonprofit a charity, mother Teresa Gandhi etc. Matters if you’re at school, a parent organization, if you have kids you’re single own a dog whatever. Ultimately you’re going to have to pay the rent, pay your mortgage, or pay property taxes. I don’t think there is anyone spot on the planet in which you cannot live or survive without money a banking account or Notes.
Even all these weirdos who try to buy a $200,000 AMG sprinter van and live off the grid with star Link or whatever, you still need money, and sooner or later you’re going to have to need some sort of semi permanent address, ideally your mom‘s house or your wife’s family‘s house or something. Because for the most part if you’re American, at this point you cannot really survive without having a single address for doing taxes and stuff. And I also think that now, unfortunately you also need a cell phone number, or else you cannot even apply for basic stuff, because you’re going to have to get the one time password authentication code codes texted to your phone.
Anyways, it’s gonna be a big deal once Apple integrate bitcoin into her iCloud ecosystem. This is actually a very very big opportunity for Apple; the head of security, on the planet and privacy… If Apple were able to provide security to your bitcoin or your keys or whatever, Wooden apple being in some way is the best custodian?
Even better yet… We already have our bank of counseling to Apple Pay. Wouldn’t it just makes sense for you to buy bitcoin directly on an iPhone using Apple Pay, and store it on your iPhone and or iCloud Apple ID account?
it is all on the cloud
For people who don’t trust the cloud I get it, but still… For all practical purposes I think the cloud is like 1 trillion times safer than cold storage options. For example even me, all my photos are backed up to dropbox, Google Drive and Apple photos. Even worst case scenario all my photos get deleted, it’s OK I could start again!
I think especially with Apple Apple ID Face ID touch print thumb ID, it’s almost the most logical way to feel secure with your bitcoin.
Everyone is a denial and a skeptic until they are a bitcoin maximalist
Larry Fink, CEO Blackrock, even Michael Saylor.  even Donald Trump!