Author: erickim

  • The Ethics of Bitcoin

    I’m warm as a mother fucker!

    Heat loss?

    So currently random thoughts;; about thermodynamics and heat loss. Assuming that energy is not created nor destroyed, what that then means is if we think about shit hit loss, is that technically your body is already a perfectly thermal regulated closed system. This was really really hard for me to understand when I was young, even now… The idea that when you put on a thick ass warm down jacket, or a Canada goose jacket or whatever, your body is not “creating” heat“, rather it is just preserving the heat inside your body so that your body is not losing heat.

    The best way to warm up your house or home or habitat or habitation

    Los Angeles is actually kind of bizarre; on one hand, during the day like yesterday, it was an extremely glorious 71, 72, 73°, absolutely beautiful. And this is like the end of November, practically early December? I still recall when I was a undergraduate at UCLA, walking down Bruin walk, and being shocked that in the middle of December, I saw all these pretty and sexy girls walking down Bruin walk, in tank tops, Spaghetti straps, booty shorts?

    Even yesterday, seeing all these happy young people, basking the sun, once again, all these beautiful and pretty girls, just wearing black Lululemon tights, and black Lululemon top sports bras.

    Anyways, the thing that is really shocking to me is that night it gets cold as shit. Like I think in the evening, Los Angeles could dip down to the high 30s? Like if it is super super late or super super early before the sun comes up, it is like 38° outside? But when the sun comes out, it could be a beautiful 73°?

    Anyways, but that then means is that for your apartment your house habitation or whatever, the number one critical thing you do is just seal up the doors, get rid of the holes the drafts, etc., and just prevent heat loss!

    For example, probably one of the most joyful things for myself at least, was the glory of living at this really really wonderful high-rise condo building, the edge in Providence Rhode Island. The apartment was super super tiny, feels like a 300 square-foot studio, at the time it was just me and Cindy, but what I personally loved about it, then seeing an extreme joy that had was my room the room, the whole apartment, the whole apartment building and complex, and also even the gym, Was like always a perfect 72° and warm, idregardless of whether there was a snowstorm outside. I still remember, complaining to Cindy that I was too hot in bed, taking off my blankets, complaining that was too sweating, and then just looking outside and seeing that it was snowing outside.

    Anyways, I think the thing that is difficult to think and understand is that if you buy these nice single-family homes, and then it gets cold as shit at night, good luck trying to thermo regulate it.

    I don’t know maybe I’m more sensitive to the cold than the average person, because I’m like 5% or even sub 5% body fat; which means is that I fucking hit the cold. To me Cold is evil.

    What that means is anything that you could do to prevent heat loss or the cold is a good thing. And that just means if you’re cold, just buy really really ultra warm UNIQLO heat tech tights, which actually worked insanely well, as well as just like put on a merino wool long sleeve, a down vest, and a thick ass down jacket.

    Just focus on doing what you’re good at 

    One big idea I had was in regards to an Archimedes lever– just focus on what you’re super super insanely good at, and just ignore everything else.

    What that means is with houses, housing stuff, etc., the ideal is that you never have to muck around with any housing stuff.

    For example, I like the idea of leveraging other people, like what that means is just let other people focus on what they’re good at, for example, things that I’m not good at include like doing anything about house stuff house repairs house maintenance etc. I think the unfortunate trend is post Covid, you had a bunch of successful millennials, kind of like myself, in their 30s, late 30s, early 40s, etc. purchasing single-family homes, and like hunkering down during and post Covid, because people can no longer travel to Japan or whatever, they just spent all the money they would have otherwise spent on travel to purchase a single-family home, get into gardening etc.

    Yet, that was like 2020, 2019. Times have changed.

    We are now, witnessing this new movement, a totally radical paradigm shipped, even words failed to describe how phenomenally epic this all is.

    Essentially bitcoin hit $100K yesterday, or maybe in the middle of the night, or like to be more accurate like $99,510 or something, but it’s funny when you look at the prices, you have all these short sellers trying to short bitcoin and microstrategy, I think there’s actually a new ETF which is minus 2X MSTR (MSTZ), which long story short, is trying to make a huge profit off of the downturn of MicroStrategy and bitcoin. So for all the bulls, all the people who think bitcoin and micro strategies going to go down, they are essentially shorting bitcoin and microstrategy. 

    You cannot stop exponential growth even if you want to.

    This is starting to feel like the early days of Facebook like I still recall the early days of Facebook in which there was no newsfeed. I made an account when I was like a freshman in college, because at the time Facebook was only open to university students, you needed a “.edu” account to even sign up.  And the growth was pretty astronomical. At first it was just like university students, I still remember the early days where you would flirt with girls you liked by “poking” them. There was not yet any direct messages you could only post on the walls, which was 100% public. Even at the time, Mark Zuckerberg said that advertisements were lame, there was no newsfeed, no ads. You actually had to click into somebody’s profile to just check up on them. There was no status updates really yet,

    iPhone, iMessage, even Kakaotalk?

    How do you know if somebody is Korean or not? Simple, if they have kakaotalk, and or if they have that little bright yellow chat icon, and the sound of a notification sounds like “Apple!”

    Also they’re funny things, the Japanese only use line, Cambodians only use telegram, Europeans use WhatsApp, Americans we tend to just use Facebook messenger and or Instagram direct message and or text messaging iMessage?

    Anyways, do you remember when the iPhone first came out, and everyone was riding on it, and apparently there was a lot of industry people, who obviously were a bunch of idiots, who said that the iPhone was going to be a failure because it did not have a physical keyboard like the popular blackberry at the time.

    And this is the genius and vision of Steve Jobs; he fought nail and tooth to ensure that in fact, the iPhone would never ever ever have a physical keyboard, and that the genius of the iPhone was it was able to become all screen, and that if you wanted access to a keyboard you will just use the little virtual keyboard instead.

    Think the original iPhone

     so do you remember, the original iPhone, the iPhone 3G, didn’t even have copy and paste! It was very very basic and rudimentary; but still… Like probably the most important product innovation and technology of all time.

    Even I went to the Mr. brainwash exhibition in Beverly Hills Rodeo Drive a few weeks ago, and I really really liked this painting an image of Steve Jobs, as like a digital, Silicon Valley cowboy, his gift of the iPhone iPad etc. was like the best gift of all time.

    The gift of fire

    So obviously life with fire is better than life without fire.

    Same thing with electricity. And water.

    You could waterboard somebody, and kill a man with water. Also, you can electrocute and zap a man to death with electricity with the chair.

    You could obviously burn a man alive, as well. Or you could use sashimi knives to kill somebody, better to use the sashimi knife instead to just make yourself some delicious ribeye.

    Once again, fire is good, a stove oven is great. It makes cooking beef ribs a lot easier.

    A lot of people hate on Apple and Steve Jobs and iPhone saying that it is destroying the minds of our youth whatever. But once again, it is like fire; if you use fire irresponsibly you can kill yourself and others or the whole village, but if you use it responsibly, it is like the best thing of all time.

    Bitcoin, today, is like the early iPhone?

    An analogy I don’t think no one has really done yet; realizing that bitcoin right now, might be like the iPhone in the early days?

    With the first iPhone, no one was quite sure what to do with it, what the function or utility of it was. Then do you remember that that huge aftermarket market exploded, with the ability to strap on that external battery pack to the back of your iPhone to give it more charge?

    So I also think that with bitcoin we will see a similar surge. We will start to see a huge third-party after market market explode.

    For example, even the huge after market for iPhone cases is still quite robust.

    Why is bitcoin the ethical option?

    Immaculate conception of bitcoin. As somebody who is raised and born and baptized Roman Catholic, I really really do see some strong metaphors and analogies for bitcoin, Satoshi, and thinking of bitcoin like a new religion, a new economic religion?

    The general idea is that bitcoin is phenomenal because bitcoin does not require a PR team, a marketing team, a foundation, or some sort of nerdy loser leader.

    So for example, I’m like 100% Elon Musk, but the reason why Dogecoin, and all these other meme derivatives are positively bad is because they are backed on the charisma or the fashion of a single individual. If Elon Musk just randomly dies tomorrow in a rocket ship accident, I’m pretty much sure that the price of Dogecoin would go to zero.

    Also, the reason why I got off of chain-link, and went back 100% into bitcoin was that I started realizing that invested parties in chain-link started using Sergey Nazarov as a puppet, trying to get him to stoke up investor confidence to pump up the price of chain-link. But even as bitcoin is pretty much $100,000, even chain-link has not hit the record high of like $50 or $55 a chain-link.

    False prophets

    Vitalik Buterin – yeah I don’t trust the guy. Look at him he’s like the ultra uber nerd. Something that what people don’t understand, like if you read the original Ethereum white paper is that the proposal of Ethereum from Vitalik was that bitcoin had too many problems, and that he was there to solve it, and that Ethereum would fix all the problems of bitcoin.

    Even a thing that I was into for a bit was digibyte, DGB, which was essentially like imagine the silver coins or the copper coins of bitcoin. The idea was bitcoin was too slow for transactions, and that gigabyte was like 1 trillion times faster, making it more suitable as a daily cryptocurrency transfer thing.

    Anyways, I think time is shown that everything that was not bitcoin has failed. Kind of like Thomas Edison, and DC electricity, AC electricity apparently better than a lot of records, but because Thomas Edison had more marketing chops, I guess he won.

    Another analogy is that like bitcoin is like Tesla, and bitcoin has the world bitcoin network which is like the Tesla super charging network; honestly, I don’t think any human being should ever buy any electric vehicle which is not a Tesla. It’s like deciding to live in mainland China instead of living in America. Or choosing the Chinese yuan over the US dollar.

    Another analogy; bitcoin is like Gatorade, I don’t even know what number two is? Powerade?

    Or, bitcoin is like having the newest iPhone Pro, desert titanium, and Ethereum is like a Google pixel or android Samsung derivative; nobody wants it.

    Or, bitcoin is like Coca-Cola, and Ethereum is Pepsi. Nobody wants Pepsi.

    Or, bitcoin is like Nike and or Jordan, and Ethereum is Adidas. Adidas was only cool for a minute because Kanye West endorsed it and created his Yeezy line, but now that Kanye has dipped out, nobody wants Adidas anymore.

    Or, bitcoin is like McDonald’s, and Ethereum is like Burger King. Nobody wants Burger King.

    There is no second best

    I think with choosing a life partner, a wife, having a kid your kid etc., is understanding that there is no second best.

    I look at the whole field of crypto, and crypto derivatives, essentially I think the best way to think about it is that like everything that is not bitcoin is just an Ethereum derivative; which is like building your kingdom on cotton candy or quicksand.

    Bitcoin is like the solid asphalt which is beneath Manhattan. But in Cypress space which is like 1 trillion times more secure.

    Getting paid $2000 an hour

    So let us assume that you’re getting paid 20 bucks an hour, if you’re on the bitcoin standard, and if you’re pouring all your moneys into bitcoin, then, in theory you are getting paid $200 an hour, or $2000 an hour. 

    Also some other analogies; if you spend like $1000 on a new iPhone, that’s almost like spending $10,000 on a phone, or even worse, $100,000 on a phone. Or even worse, $1 million on a phone, assuming that bitcoin Will 10 X, 100 X, 1000 X, or even 10,000 X from here.

    So why does this matter?

    Assume that your whole life, you yourself as a child, you were only fed sewer water. And you’re always sick, and full of cholera, and you have no idea why you’re always so sick, and feel so unwell. And then you have a kid and do you think the sewer water is safe, and you start feeding your kid the sewer water! What is going to happen to the health of your kid?

    This analogy is good for money, and capital and thinking of bitcoin like the first 100%, God inspired, perfect money. And also perfect capital.

    Bitcoin is both money, and capital? And cash?

    The hard thing with the real estate like if you own a square block in Gangnam, or Shibuya, or Ginza, or fifth Avenue in Manhattan, is that you cannot immediately liquidate like a 10th of your property to buy a cyber truck or a cup of coffee.

    The really interesting thing about bitcoin is that it is both property like digital property like owning land, and also it could in theory be used as money and currency.

    My personal thought is that owning a single bitcoin is like owning a single family home. Assuming that the price of a single-family home in Culver City is $4.4 million, for a tiny awesome minimalist house, then my personal thought is the price of a single bitcoin should be worth at least 4.4 million, Maybe 10 X or 100 X. Why? $440 million a bitcoin; my current price target. 

    My very simple idea is that if you own a single-family house, in a locked piece of land, you cannot move it, it’s not like a game of the Sims or Minecraft; but with bitcoin, you can!

    Minecraft economics

    I find this to be really fascinating because once again, bitcoin is like Minecraft capital and money. If you have ever seen a child or a teenager on Minecraft, you will be shocked to see how phenomenally imaginative they could become, when there are no longer restricted by time, money, access to capital, the laws of physics, space etc.

    I been thinking about cyberspace is kind of difficult to imagine because it is like 1 trillion times more expensive than land, Joshua tree, Yosemite, the desert, etc. Like if you watch the movie Dune, and you see the infinite sands, infinite desert, imagine like that but times 1 trillion. Why? Space cyberspace is not limited by the laws of physics.

    ***

    I bought every V 12 engine, wish I could take it back to the beginning

    This is like year one, or year zero of bitcoin. Now that you see CNBC practically on fire with bitcoin, bitcoin options, bitcoin derivatives, and now that ibit the black rock bitcoin spot ETF practically owning close to 1 million bitcoins now, that means is this is a massive paradigm shift. It’s like going from horse and buggy to Tesla model S plaid.

    Don’t trust the zombies

    I was watching an interview with Natalie Brunelle and ERIC Semmler, and ERIC was talking about how his company semler scientific was the century like a zombie company. But when they took out the skeleton, and re-infused it with adamantine skeleton, like what they did to Wolverine, their company spring back to life with 100 X vigor.

    Once again, if you’re living in the hood, drinking sewer water, Fanta, and McDonald’s hamburgers, and you have the option of living in beautiful Culver City, surrounded by trees, happy people the sun, fresh air, and the finest organic food and meats from Erewhon, wouldn’t you want to make the swap?

    Why the red wave is a big deal

    Michael sailor currently put out a presentation on the red wave, at Cantor digital. The general idea is that now that we pretty much have a 100% Republican red party and government and Senate, this is insanely phenomenal news for bitcoin.

    Why? Senator to Cynthia Lummis is proposing the bitcoin act, which is that America sells a bunch of her gold notes, and uses that profit to buy bitcoin.

    This is kind of a big deal because then, maybe, we could actually revitalize the US dollar and essentially maybe even reverse inflation, because if we pack the US dollar to our bitcoin reserves, what that that means is our country will become super fucking prosperous? Like we’re going to be showered with so much money and wealth, we’re going to be like “too much wealth and prosperity! Please no more!”

    Also, even though I’m pro bitcoin and anti-crypto and everything else; you’re going to see a huge crypto Renaissance, because note, Trump’s kids his sons are actually actively in the crypto space; and even Donald Trump accepted a Donald trump NFT, which sold out like in a minute. So you’re going to see a massive boost to Bitcoin and the whole market.

    And also, all these meme coins, I’m quite anti it because once again, they’re backed by nothing but popular ideas, and charismatic individuals. The difference of bitcoin is that it is backed by like $1 trillion of real capital; which means like already… Over $1 trillion of real money has already been put into it, and what is defending the bitcoin network is like maybe 100 X the computer power of even the US military and Navy.

    If America was super smart, because we want to be #1 forever, we would want to stock pile our bitcoin reserves, to make sure that no other country could even come close. Because what people also don’t understand is the point is like cyber defense as well; if you have a wall of encrypted energy, it is essentially hacker proof, you cannot have malicious Chinese people trying to hack the network.

    What drives me?

    Once; super simple; growing up poor, having a dad addicted to gambling, my mom working like two menial labor jobs cleaning houses and waitressing, working at a gas station or convenience store just to pay the bills, yeah this was pretty bad.

    As a consequence, I don’t know I feel like financial independence, financial freedom might be the peak virtue. Like 1 trillion times more important than anything else.

    For example, art photography aesthetics ethics and the like. You could only  only privilege yourself to these luxuries only if you are financially healthy. And economically healthy. If you are economically sick, you can’t do nothing.

     I think the big problem is that a lot of conservative often criticize and critique people for staying poor, but, can you complain and blame people for being constantly sick, if they only have access to sewer water?

    “I grew up in the era when clean water was only served to the fairer skin” – Ye

    Once again, imagine like we’re living in a postapocalyptic, dystopic world and reality in which only rich people or a certain race of people are allowed access to clean water. And clean air and clean food.

    Imagine like you’re giving people maggots to consume. Or like an episode of Snowpiercer, the poor people in the back of the train being fed the “protein bars“, which is essentially grinded up bugs.

    But imagine, you could be in front of the train, eating the finest ribeye steak, the finest sushi etc. That is what bitcoin is!

    ERIC

  • Thinking like an engineer

    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… He’s an engineer.

    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.

    Then I guess, I kinda do think like an engineer, carte blanche principles.

    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?

    what does it mean to think like an engineer?

    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… I’m like the next Leonardo da Vinci, but a lot richer And far more jacked?

    Even the problem of a Leonard da Vinci, I still think he got his patronage from the Medici’s? 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. 

    Bitcoin as solidified happiness

    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.

    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.

    And then also then the thing is… The bitcoin is like almost kind of imaginary. Like doesn’t really exist anywhere in the physical realm, it only exists in cyberspace, your mind.

    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… So I guess this is the cool thoughts; now that I’m 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!

    And also the extreme joy, I could just handle and touch everything, and fuck with stuff, like I own it. Because I do

    .

    Hedge their options

  • Innovative Solutions

    Engineer a better planet?

    Engineering a better solution

    So I just listened to the new interview with Natalie Brunell and Michael Saylor and something super super interesting at the interview at the end was about how Michael Saylor is misunderstood; and he said “People think I’m a trader, but I am an engineer”. 

    What is the difference? And also what is a speculator?

    So I suppose, first, bitcoin is the 1000% perfectly engineered solution to perfect godlike money.  if Zeus came from the heavens, and told us near mortals “no no no, you no longer need to sacrifice hectacombs or heads of oxen to me, just buy bitcoin instead,”– same concept.

    Or, if Zeus came down and said “I shall create 21 million cyber oxen, in cyberspace, and there shall ever ever only ever be 21 million cyber cattle in Cypress space, and this bowl will be immortal, indestructible, cyber, and shall live forever “,,, wouldn’t you want to own one of these godlike oxen, or a fraction of it? Like apparently these hipster things in which you could do something like you could all chip in money for part ownership of a cow, and when it gets slaughtered, you get like 10% of it? 

    Maybe the same thing as with bitcoin. Like let us say that one bitcoin is like one cyber ox, and by buying 10% of a bitcoin you could just buy like the head, the rear leg, the top sirloin in the bottom sirloin, the brisket, etc.

    Cyber Capital

    Michael Saylor talks a lot about this notion of digital real estate, digital capital as like a cyber Manhattan. So for example, if you could buy like one square block in Manhattan, a full square block, on fifth Ave., what is that worth? Like $200 million?

    If you think about it, bitcoin is like 1 trillion times more valuable than even physical Manhattan, because it is global, decentralized, and, in cyberspace! It shall never degrade, perish, and you never have to pay taxes on it. 

  • Why Bitcoin is All-American

    Podcast >

    So in a very very interesting shift of things, I guess I’m super pro Trump Donald Trump, because he is super super 1000% pro bitcoin. And also, contrary to what people understand, Donald Trump is anti-war, he wants to immediately stop the war in Ukraine, he actually wants global peace.

    This is kind of a little bit shocking to me, because I’m from the liberal Bay area, Alameda Oakland Berkeley I still got my 510 area code number… what that means is that I was always raised in thinking that conservative Republicans were like the devil.

    Why? I grew up so poor, why were all these super super rich people super anti-helping out poor people like myself?

    And also, I thought that overall, the policies were pro war, … I always thought that Republicans and conservatives were for war,… in that liberals and Democrats or anti-war?

    Just do the research for yourself

    I think the credit card thing that I learned is ultimately… You must just do the research for yourself by yourself.

    For example, one big thing that changed my opinion about Donald Trump was watching his talk at the bitcoin conference and also seeing his interview with Joe Rogan. To me the reason why this was so good was that it humanized him, often times whenever we hear news reports or snippets from whatever… It is kind of like bad and evil click bait cherry picking; you will never get a true sensor reality until you watch the raw interview, the full two or three hours or so, uninterrupted, and also encourage watching the actual video footage.

    Make your own choices

    I think the number one thing that is very very difficult in politics is that so much of it is predicated on other random political lines. For example, truth be told I still qualify myself as a Democrat and a left leaning liberal, yet… When it comes to individual policies and opinions and thoughts, my personal belief system is actually far more multi variegated.

    For example… I’m all about helping poor people, and the like, and I’m not like super anti-taxes either.  if I were a homeowner, I would probably vote yes to increase taxes assuming that the money would go to actually support the public elementary schools.

    Yet also what I do believe in support is having individual sovereignty to my bitcoin, without having the government metal in my bitcoin. I am also very anti-centralized digital currency by the US government, I think this is very scary. Essentially if you had a centralized digital bank currency by the American government, this would be worse than big Brother, 1984 in brave New World, having a super baby together.


    So why does this all matter?

    I think it matters because ultimately you gotta have somewhere to live, and I’m pretty sure that you do have a certain belief system.

    Bitcoin world peace!

  • The Will to Bitcoin

    Encumbered, unencumbered?

    The right to Bitcoin


    The rights of persons to maintain full lawful control over the bitcoin and other digital assets of those individuals, recognizing that the ability to maintain self custody of private keys is fundamental to the principles of financial sovereignty, privacy, and personal liberty in the digital age.

    So this idea is super fascinating to me; life liberty and the pursuit of happiness.

    Also, the right to personal sovereignty, privacy and personal liberty.

    So I guess the big issue is we don’t have privacy anymore. There are CCTV everywhere, cameras everywhere, trackers on the Internet which follow and track your every move.

    Also, assuming you have some sort of credit card thing with points, the way that they give you these points is that you essentially sell or forfeit your purchasing data, although it is anonymized, people could track every single financial move activity and behavior.

    No I am not one of those weirdos who over since sensationalize this; ultimately, I don’t really care that much. What I am more interested is in, maybe the concept of digital property, digital property rights.

    What is also really fascinating is how bitcoin is global digital capital, digital rights for all all across the planet.

    For example, assuming that you live in mainland China and there is capital controls, what that then means is that you cannot take out $1 billion of Chinese yuan out of the country, even if you wanted to. Actually technically the smart strategy for rich me and Chinese person who wants to come to America whatever, is to swap all of their Chinese yuan or whatever for bitcoin, as much as humanly possible, and then just peace out.

    The reason why this would be such a good strategy is that the truth is, nobody wants their wealth or their capital to be locked anywhere. For example, even my insane and annoying I remember like six months ago I just wanted to take out like $500 from the ATM at JPMORGAN Chase, and I could not, as the limit was around like 300 bucks? 

    And this is the thing which is really really weird to me — so I just want access to my money, why can’t I have access to my own money? 

    The Bitcoin Artist 

    Kind of a random aside; I like the idea of like being able to kind of clean up the world, either with whiteout tape, or blackout tape, we just met black bitcoin icons etc.

    So for example in Culver City and LA in general… My number one annoyance and greed is that there are so many annoying graffiti and ads all over the place.

    So first, I just wanna clean up the damn place. I want to get rid of annoying advertisements and stuff, because aesthetically I feel like I have a strong imperative to do so.

    Second, why is it so difficult or hard to promote some sort of well-being on the planet?

    Bitcoin is healthy

    So assuming that like 99% of our problems in life can be attributed to the fact of a poor money supply, then what that then means is that maybe like 99% of our world problems could actually be solved by bitcoin.

    For example, financial health. If money is toxic, capital is toxic, assuming that you’re playing in the world of fiat currency, what that then means is that you don’t actually want access to capital because it is like immediately causing you to bleed out economic energy and power.

    I actually had a super funny random thoughts; think about like the notion of semen retention and economic power retention.

    For example, every time you buy something expensive it is like blowing your load. For example, you lost for that matte black scissor door Lamborghini, and then you go out and buy it, for like $500,000 or something, like you just blown the biggest load of your life. But then the downside of that is after that, you’re like kind of done, and as a consequence, what do you have left to live for?

    And actually the truth is, no man in his right mind would ever blow his load immediately before trying to lift 505 kg. Or also, assuming that you’re about to have the big fight, nobody in their right mind would ever ever ever ever even consider for half a second, Rubbing one out real quick before the big fight.

    I actually have a thought thoughts on the first one is that you should not blow your load, anytime during the day because that is when your power is peak, that is when you have the most power. You should only ever blow your load in the evening right before you’re about to sleep, like how the ancient Greeks did it.

    Example, can imagine Achilles blowing his load and inseminating one of his babes, immediately before the big battle? No!

    So why does this matter?

    So I think this matter for a lot of reasons.

    First, it looks like everyone is sick unwell unhealthy. And not really out of their own fault, but rather, it seems like the bigger issue is that once again, we don’t have healthy instruments to work with.

    For example, assume that you live in a society in which literally every single food item is laced and injected with high fructose corn syrup or sugar. Even if you want to lose fat and get a six pack and become strong healthy and happy, you cannot. Why? If everything has sugar added to it, even if you are the world‘s most diligent exerciser and individual, you can’t do nothing! And as a consequence once again, you cannot blame an individual agent or individual for becoming fat or sick or unhealthy, if in fact the things that you are consuming and using or in fact, Giving you type two diabetes, maybe the current US dollar and monetary supply is like a metaphorical type two diabetes for Americans.

    Why do I care?

    So the trillion dollar question is like… Why do I care?

    First, once again, my moral and ethical imperative, growing up poor, having a dad who is addicted to gambling away the rent money, seeing my mom go through bankruptcy twice etc., almost homeless like four or five times, certainly gave me some sort of real life and real world education about economics.

    And I think this is where people fail— they have never really really really really really seen people go through financial distress, financial duress, they’ve never really witnessed it, nor did they really understand what it means?

    For example, a lot of these well to do Democrats liberals whatever, allow them actually come from quite affluent families. For example, a lot of people who lecture us about helping poor people blah blah blah, actually did not grow up poor. For example, unless you’ve ever had the experience, being like an elementary school kid, in the fourth or fifth grade, maybe around 11 or 12 years old, having to pick up the phone, because your parents knew that it was probably creditors asking for money, and if you’ve actually never had the experience of having to pretend online and say that your parents were not home, you don’t know nothing.

    And maybe this is where I am the first self-made bitcoin millionaire; now that I’m stacking 2.3 M’s and beyond, things are starting to get really interesting to me, at almost a hilariously alarming pace.

    First, honestly it all seems like some sort of fake reality, it’s still shocking to me whenever I see these numbers and balances. Still… The $90,000 mark for bitcoin hasn’t really yet set in yet for me.

    And I’m sure in certain when we hit the hundred thousand dollar mark for bitcoin, and we have $100,000 party, the best party of all time in cyberspace, and Michael saylors‘s house, we will all be laughing to the bank.

    Or better yet, the digital cyber base, a.k.a. our own home.

    Why is this such a big deal?

    I don’t know any human being on the planet who does not desire some sort of financial freedom independence or liberty. I don’t know anybody who wants to keep working there are boring 90 to 5 day job, doesn’t matter if you’re working at Amazon Apple Facebook Google; everyone I know, all my friends are working these big companies, Nobody wants to be there if they had the option– yet, they are tied to their mortgages, their other financial debts and obligations etc.

    And this is where I think to a large degree, debt is the devil. Why? That is slavery! And the funny thing is that a lot of people they like willingly put themselves into debt slavery.

    Willingful debt slavery

    For the most part, because I’ve grown up poor and whatever… I don’t actually have that much compassion for people who do poor financial decisions with their life. When people go broke according to their own accord, zero compassion and empathy.

    For example, if people complain about finances, the first thing you gotta do is look at their iPhone or look at their Car. A lot of these people who complained that they’re so broke all the time, they’re the ones who are always buying the newest iPhone or iPhone Pro, buy new cars, paying a monthly payment on their car, sending their kids to daycare or private school or whatever, giving fellatio to Mark Zuckerberg, Essentially if you’re on Instagram, you love the taste of Zuckerberg semen in your mouth. Also, the reason you should not trust Mark Zuckerberg, he pretends to be fake poor humble, – she himself still operates under this façade of being a good guy, yet privately owns $10 million cars in his garage.

    And I’m also pretty certain that Mark Zuckerberg has probably used the meta-quest at least once to check out virtual reality porn. Not that this is bad, but it is probably true.

    the financial freedom of bitcoin

    So what I really love about the financial freedom of bitcoin is that I think it sets people free. 

    For example, with bitcoin, you could go anywhere on the planet, and always have your wealth with you. You don’t have to be tied down by nothing, not your loser Lamborghini your lose loser Porsche, and now, even your cyber truck.

    Ideally, all your wealth would always be portable, with you, in your front pocket in your iPhone, anywhere on the planet!

    Matte black bitcoin patches

    A funny idea… Thank you you’re making some matte black bitcoin patches, some matte black bitcoin stickers. If you’re interested in copping some, just email me eric@erickim.com


    the vision

    Once again, very very simple guys; senator Cynthia Lummis, she is introducing this really interesting bitcoin bill, in which America will like try to obtain 1 million bitcoins over four years. The legendary and mythical Nakamoto, which is 1 million bitcoins.  

    Why America is well positioned to do this

    America is money, America is manifest destiny. America is the best, the most powerful, the most dominant, and anyone who likes to think otherwise is either deluded, wrong, or somehow, anti-American? I don’t really get it; technically, if you live in America, and you get paid in US dollars or whatever, it is actually like a super good deal.

    Why? First, essentially America could print money ad infinitum, for free, into infinity.

    So it seems actually super super obvious; to essentially, just print a bunch of money, buy the bitcoin, and take the upside, none of the downside. In fact, the really intelligent strategy  is the triple Trump Max strategy outlined by Michael Saylor in his presentation the red wave; to purchase 4 million bitcoins.

    If we own 6 million bitcoins, 2045,,, which is just 21 years from now, … $81T payoff!

    think in bitcoins

    Also what is really fashion being is that bitcoins, is actually… Also built upon the bitcoin icon; everyone could easily notice the bitcoin icon from even 100 miles away. Yet, nobody has any clue or idea what Ethereum is. Or anything else.

     financial prospering

    Another big idea in things to my colon doesn’t everyone seek and desire some sort of financial prosperity? Like doesn’t everyone want to be super super filthy dumb rich, whether they use that money for good like donations to charities or whatever, quitting your own nonprofit, helping poor kids, whatever?

    economic power, capital power is real power

    I think this is also another thing that people don’t understand, capital control,  financial control, financial power is real power.

    For example, I just went to Catholic mass the other day, and there was a second donation, for St. Vincent de Paul, helping poor families deal with paying the rent and utilities, not getting evicted etc. As long as the Catholic Church still asks for donations — money matters.

    In fact I really interesting thought is if the Catholic Church or the Vatican or whatever would build up their own strategic bitcoin reserve, then, the Catholic Church would last into perpetuity. And also never have to pay taxes.

    Why do rich people care about taxes so much?

    You’re kind of matters because even if you’re being taxed at a paltry rate of 1%, in like 30 or 40 years, assuming that you bought a $1 million home, you’re going to send you be paying like half of that in just simple property taxes. 

    Or, if you purchase a one million $ home, and you have one percent tax, then over the course of 100 years, you’re going to have already paid $1 million worth of property tax.

    Now why is this important? You cannot text bitcoin, if you just hold it. And don’t sell it. Or transfer it.

    Also fortunately, there’s no inheritance tax on bitcoin. Like if you die you could just give your private keys to your kids, and they will give it to their kids kids kids. No government meddling around with your family’s wealth. 

    Even Sanator Lummis supports this idea, assuming that the bitcoin act passes, the bitcoin bill, I don’t really see any reasons why it won’t, essentially will give more clear property rights of private keys, to humans and American citizens?

    For example, nobody could stick a gun to your head, and force you to hand over your keys.  however, somebody could stick a gun to your head, and force you to give you your credit cards, your wallet, your credit card your stuff, or break into your home and steal the gold bars stuffed under your mattress.

    First, I think banks were generally a good thing the invention of it was beneficial in so far much as even me, I don’t want to walk around with like $100,000 of US currency in my pocket. Why? The risk of me misplacing it, losing it, getting it stolen is quite high. For example like when I used to lift weights at the gym and I did not want to get distracted, Sometimes I would just like leave my backpack there, not really worrying whether people would steal my old iPhone SE, or steal the maybe $50 i had in my wallet.

    And this is the big idea, the idea that you could essentially store your own wealth, without a loser bank, a fucking asshole bank, I fucking hate the banks! Even these fucking assholes at JP Morgan Chase; literally taking me about three weeks before I could wire my own damn money to my Coinbase account, to just buy bitcoins for myself, even having to go to the branch like three or four times before doing it!

    ***

    How long until you could purchase bitcoins and custody or bitcoins at JP Morgan Chase?

    An interesting thing; if you have a certain upgraded bank status with JP Morgan Chase, they actually give you access to this free vault thing, where I guess you could hide your gold bars and antique Rolexes.

    You’re not supposed to, but you can. I also would not be surprised that a lot of people probably hide US dollars or cash currency to avoid paying taxes, which I find to be a very very despicable act.

    I think with taxes, there is actually kind of like a moralistic obligation to pay taxes, certainly nobody wants to pay more than their fair share but still… I have a personal moral obligation to pay taxes. Why? Because once again, at least for myself, I was raised through the public school system, I went to UCLA, with federal government grants and scholarships, to become the person I am today. I am so insanely grateful to America American government, my mentors, my local Boy Scouts troop,  who knows maybe I’ll start volunteering once Seneca is old enough.

    My sense of patriotism, is not this fake ass flag humping conservative Republican alt right, con toting fake ass libertarianism anti-government thing; even what a lot of these loser Republicans and conservatives don’t understand is they are all apparently super anti-government, yet they want America to build a wall to keep out others?

    Or, they want the government to stay out of their gun business, but don’t they understand that actually, the right to gun ownership is actually still predicated on the US government?

    Or, let us see that somebody breaks into your house, and either robs you or kills your family members, whatever… And even though you have a arsenal of guns, you were not able to stop all the perpetrators. If you want to enact justice, yet you are super anti-government, everyone is antigovernment until they need the government. 

    Then what I think people really want is like kind of maybe minimum government possible, MVP, MINIMUM VIABLE GOVERNMENT (MVG).

    I think the general idea is that certainly it is good to have the fire department if you don’t want your house to burn down, ain’t nobody gonna own their own fire hose to prevent their house from burning down.

    Also, it is certainly good to have a police department, a police force, once again, if somebody beat you up and rob you, and you catch them, you certainly want justice to be dealt to them.

    I think that it is like having just enough government, without the bloat?

    It’s kind of like having a smart phone, certainly life is better with a smart phone rather than without. However the new ones is, ain’t nobody want to own a loser android or Samsung phone, which has far too much bloatware.

    Even now Apple, there are too many damn apps.

    I don’t really get it; Apple keeps turning out all these new apps, apps that nobody has any idea what it is, nor do people actually have any desire to use it, I said just let the third-party developers make those journaling apps and stuff. In fact, if Apple were really intelligent what Apple would do is actually with every subsequent version of iOS, they would actually get rid of superfluous apps!

    Like there’s all these weird apps like the measuring tool and whatever.  Come on Apple just get rid of it. 


  • 10x

    Hot take: I think in four years by the end of the Trump presidency, I will not be shocked if bitcoin hits 1 million of bitcoin, which is about 10x from here?

    To keep the math simple; I’m just going to assume that bitcoin is like $100,000 of bitcoin right now. So $100,000-$1 million is a 10x gain.

    So do the simple math, if you sell your assets right now which are not really rapidly accumulating in value, then, the best way to think about it is that you have to have a strong end up for your timeline. It is currently the year 2024, I think Trump takes presidency 2025, so then the projection should be 2029, Four years from now… Seneca will only be eight years old? Is that like the second grade? And then on top of that it will be another 10 years until he goes to college or just starts his own bitcoin based company or thing.

    The future four years from now

    Making predictions four years from now is pretty simple. I am very very certain that miracle will accumulate some amount of bitcoins to back strategic bitcoin treasury reserve assets, I think of it like the new bitcoin Fort Knox; my personal thought is that America will decouple herself from the gold standard, and then latch on and hyper charge herself with bitcoin.

    The reason why this becomes such a fascinating idea is that then, the US dollar will actually appreciate and value because it is actually backed by something which is real, bitcoin.

    Triple Trump Max?

    I recently watched a presentation by Michael Saylor, titled the red wave, and it is really really fascinating; now that the red Republicans have taken over the whole government, this is like 1000 X good news for us bitcoin holders as well as micro strategy share owners.

    Why is it meant to be such a glorious future for us?

    First, the crypto Renaissance. Now that Elon Musk is going to be the new doge chair, which is hilarious, you’ll see a boom in the whole cryptocurrency industry, a new resurgence. And as a consequence, you’re going to see like 1 trillion new crypto based companies having a virtual IPO– even Scottie Pippen is doing interesting with the famous 1991 basketball that he has held for 33 years, and he is like sharing ownership in it or something? $BALL

    ANYWAYS, THIS IS ALMOST LIKE THE NEW DIGITAL GOLD WAVE; the new digital gold rush.

    Even now, you’re already seen smart rich old families buy best from gold and pour that money into bitcoin instead. You are starting to see the black rock gold ETF becoming consolidated, and having those asset reserves pour into bitcoin the bitcoin spot ETF Ibit by Black rock.

    Even watch CNBC news, the squawk box, which is the real financial news. You know it is a big deal when you have all these really really famous investors, admitting that they were actually wrong about bitcoin, although saying it in like a sideways, orthogonal way.

    Even this really famous investor in Tesla admitted to the Joe guy, “I told you… You gotta do your own research, and you did your research and I did my research and I know my business and you know your business” which is essentially like a way of ceding defeat and admitting that you were wrong.

    How to know that ERIC KIM is a true believer in bitcoin

    Very interesting, I’m like one of the biggest NASSIM TALEB Fan boys of all time, and still am. Like four years ago or five years ago, he actually wrote a medium article on how he believed in bitcoin, and actually he even wrote the introduction preface to the bitcoin standard, who was written by another fellow Lebanese American economist and writer.

    However, the moment in which I put in the beeswax of Odysseus was when apparently Taleb had a change of heart, and then he became like on a crusade to be super super anti-bitcoin, and making fun of bitcoiners. He also apparently wrote this bitcoin essay on how it was kind of not good, and when I saw it I immediately just shut my eyes, and went off the grid. And instead spending more time at the gym, just lifting weights, not thinking about bitcoin and the whole crypto economy, and just enjoying my lifting.

    Also, you know that I am super legit because when the whole FTX meltdown happened, I didn’t even know.  for about 4 to 5 years, I try to shut my ears to bitcoin prices and not think about it, until people would accidentally tell me even against my own will. Or Cindy or my brother-in-law telling me that bitcoin is way down, I never lost hope, I just had to stay focused.

    So what does it mean when you’re right?

    Kind of weird and amazing, for me the really really big deal was when I first saw bitcoin hitting $88,000 a bitcoin, which was like a lot, because my mind was still pegged at bitcoin at being like an average 65,000 a bitcoin or 62,000 a bitcoin, or even 59,000 of bitcoin.

    And then the magic happen, I’m miraculously just looked at the prices by chance, randomly on my iPhone, and I saw that it hit about 91,000, then about 93,000 of bitcoin? Then going on Twitter and seeing that Michael Saylor is already planning the $100k party.

    Everyone wants bitcoin to succeed

    I think that’s very interesting to me is that actually the whole crypto economy is pegged to the bitcoin. Even loser Ethereum and everything after it.

    What is Ethereum? It is like a fake diamond a cubic zirconia, it looks shiny and pretty from the outside but in the inside it is just plastic.

    People talk about how you could like create nonfungible tokens, cyber artwork, and you could program on Ethereum… But you fools don’t you know you could do the same exactly on bitcoin? And bitcoin is like at least 1000 X more powerful robust and super superior?

    I almost feel like this is against the early days of android versus iPhone. I really really feel like there’s almost 0 reasons to own an android of Google pixel a Samsung phone anymore. Even Google Gemini which came out kind of is lame.

    And also the big thing… The sales people at Google they all own iPhone pros.

    Don’t ask people what you should do, just see what they personally own.

    The joy of waking up

    So now that I am like 10% invested in micro strategy, about 90% of my wealth in bitcoin, I actually get super super excited when it is 6:30 AM, the best time of the day. I enjoy looking at the market activity of micro strategy, how it is like essentially like nuclear power and physics insanely volatile, insanely high power, radioactive!

    I actually remember as a kid, learning all about nuclear power, and how it was a very good thing, like essentially the magical thing that would change everything, that would essentially make energy and power practically free. I still believe this way.

    I think the hard thing about nuclear power is that like anything in life, high volatility and massive upside, you just gotta be careful. Assuming you take all the smart MIT nuclear physicist to build these nuclear pants, somewhere maybe in the desert, and you do it safely, the Asymmetric payoff;

    You have 1000 to one benefit ratio.

    Once again nuclear waste and the potential for another Fukushima is possible, but also do you suddenly turn everyone to a buggy wagon and horse because people die in car accidents? 

    Also, do you ban people from owning iPhones because there are so many debts related to texting while driving?

    Or do you ban people from using electricity because there are some people who either use it as a weapon, how you could kill people with the electric chair, etc.?

    I think this is also the tricky thing with guns; obviously there are all these crazy mass murderers with guns, and these fucking asshole pussies who bring it to a wedding, leave it in a book bag unattended in the guest room closet, to only have a crazy alcoholic woman stealing people’s wallets and shit, miraculously finding the gun, and then putting it on top of your kids car seat. I am not joking this is a real story which happened to me.

    There are people who live in the wilderness, who actually may be hunt a game to feed their families. I respect that. What I personally hate all these skinny fat losers with beards, these small dick midgets who accumulate guns and ammunition to act tough? To me this is worse than insane, it is only a thing that a man without a penis would do. And no balls. A bunch of Ken dolls without genitalia.


    Think about the time cost to capital

    Another big thing to consider, the time cost to capital. The general idea is that to build things actually just takes a lot of time, human effort, meetings, friction, working through things.

    Time is the ultimate acid that we got, something which is not really really recoverable.

    Like assume that you have a maximum human lifespan of 120 years, at best. However, impossible to know whether you’ll make it. I would say maybe more conservatively, we should think of like 90 years, that is like the new 80.

    So if you knew with 100% precision that you would die at 90 or 92 or whatever, hopefully still with your six pack, then, how would you approach life differently?

    First, my personal thought is there should really not be a profit motive. Why? With profit motives, profit is fine, but the issue is that the easiest way to make profit and make money is super simple; just buy bitcoin! If you want to make US dollar gains, then you just purchase micro strategy stock!

    So then, the next step is just like kind of more like altruism; assume that you’re like worth $100 billion of bitcoin and you could afford anything on the planet, but the better question is do you really want do you really care? Is this going to create some sort of substantive impact on the planet which is something that you desire?


    Why?

    So the reason why I have such a strong predilection towards Bitcoin is that I feel like I have a strong moral an ethical imperative behind it.

    So I am all about open source, this has generally been my guiding principle for the last 15 years, maybe even 20 years of my life. The general idea was very very simple;

    Information should be free!

    Obviously I get it; there are certain people who create stuff we need to get paid and pay rent, I get it! But if you’re like somebody liked Tim Ferriss, or even Joe Rogan, and you’re already super rich… Why do you need advertisements? Why do you need more money?

    I have no issues with greed wanting more money etc. It is all good. But maybe the more interesting question on my mind is what are your personal guiding principles in your personal imperative which drive you? Like, why do you care why do you do it?

    So for me… The whole route of my open source philosophy was that I grew up super poor without access to nothing, and I want to treat others like how I would like to be treated. I want to be able to empower the other scrappy 19-year-old kid, like my friend Dylan Fan, to become something great, just giving them access to information education etc.

    This is also where I’m kind of interested in doing more like these free open source online Zoom Bitcoin workshops on Zoom and other stuff. I don’t want people to have any barriers to access information or knowledge, which could really benefit themselves. 

    Because honestly at this point, I’m making dumb money, even I’m flabbergasted. Cindy is too. And so is my mom.

    You know it’s a good sign when even you are shocked

    “I’m shocked too!” – JAY Z

    I think you know you’re onto something good is even if you shock yourself, even if you believe in something and you succeeded, and you are made correct, you are rectified, but still… it still shocks you?

    ERIC KIM FILM LEICA MP & LEICA 35mm f2 ASPH AUCTION

    So I have a vision, maybe this will be big news: I’m going to sell my old film Leica MP, and my Leica 35 mm F2 ASPH lens to the highest bidder. I will only accept bitcoin.

    If you wanna put in a bid, own a piece of photography history, email me at eric@erickim.com with your offer. I will sell this to the highest bidder.

    Also I will make a pledge; the second after we confirm details, and we lock in the  details whatever, I will guarantee I’ll give you the best value of your bitcoin for my set up, assuming that even marked prices fluctuate a bit. In short I’ll be more generous to you.

    Also, I think the fun thing is that it will be the first time I do a really big transfer just using bitcoin and bitcoin wallets– like a real pure to prayer, P2P transfer.

    Technically this was the whole vision of Satoshi; being able to transfer value and money without a trusted intermediary. Not having to do it through loser PayPal, or loser bank, we’re having to deal with loser SWIFT code bank transaction wire stuff. 

    Like doesn’t this make super sense,  that you would actually… If you want to sell something with a high value amount, thought you would just do it peer to peer with bitcoin, without having to deal with the messy business of some sort of third-party?

    Like for example… Even a simple thing, if I owned like $1 million house I wanted to sell it directly to you, isn’t the most logical thing that I could just meet you in the flesh, shake your hand, and then immediately transfer $1 million from my bitcoin balance directly to you? Wouldn’t this make the most sense?

    Or, if I owned like a $250,000 Lamborghini, that I could once again, test drive your car, tell you that I like it, shake your hand and immediately zap you like one or two bitcoins?

    Or if you had a cyber truck, that I could give you like half a bitcoin for your cyber truck? Or maybe a quarter?