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

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. 

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.

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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!

Encumbered, unencumbered?

The right to Bitcoin

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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

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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. 

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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.

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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?

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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? 

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What is bitcoin and why does it matter? A simple straightforward primer:

First, the best technology of bitcoin is digital property. Or digital real estate. My general concept is that the price of a single bitcoin is and should at least least be the price of a single-family home, if not 10X 100X or 1000X.

 For example just open up Zillow, and look for the price of single-family homes in Los Angeles the Bay area etc. currently, even in poor neighborhood, average house prices are about 1.1, 1.2, $1.3 million. And also currently, many homes in the $1.5M, 2 million, $2.9M, and now $4.4 million zone.  and also, one of the estates on Hobie Hills, $155 million home, and above that a brand new construction, $199 million estate.

If I think about it, the reason why bitcoin is such a big deal is that it is the hardest working capital on the planet or the known human universe. For example, when you are sleeping in Pacific time, there is probably somebody awake in Singapore, when their exchanges are open, buying selling bitcoin.

Second, the velocity the speed the power. Currently bitcoin is like a juggernaut; you literally cannot stop it even if you wanted it to. Do you remember an X-Men, I’m the juggernaut, juggernaut just smashing through walls? Yeah that is like bitcoin.

And even microstrategy, it is like a tank, an armored vehicle, which is slowly plowing through and destroying everything in its way. If you have ever seen a raised military vehicle in the flesh, in desert 10 and iron steel, with a huge massive room that look like tractor rims, having like 20 wheels, driving on the freeway, the sheer size and mass will make your jaw drop.

The reason why I am so passionate about bitcoin is that at this point, it almost feels like an ethical imperative to me. What that means is that I almost feel like it is my God-given duty to spread the good word of bitcoin.

Why? Assuming that 55% of the world‘s problems come rooted in issues about money, if that were the case, if you could fix the money and the money supply, couldn’t you fix and improve and upgrade the human race? (Saylor).

Bet on the jockey and the horse 

So assuming that Michael Saylor is not the new patron in Saint of bitcoin, he is now the ultimate spokesperson for bitcoin, and assuming that he is in fact, unethical, incredibly intelligent, good intentioned and ethical, if that is the case, then, Michael Saylor is like our head man or jockey, like the Steve Jobs of bitcoin, and bitcoin is like the war horse. Once again, bitcoin has the most unstoppable power on the planet.

Internet digital capital

So this issue was physical real estate, let us buy $10 million house or plot of property here in Culver City, main issues:

1. The issues of property taxes, sales taxes, other taxes which is just like the local city or government or whatever siphoning away money from you. It is almost like you are a healthy child, and then you become a blood bag for some sort of mad Max evil villain, And they’re slowly selecting away the blood of your firstborn child, to feed itself. Now I think I understand a little bit more about the idea of lowering taxes and government taxes, because nobody likes to have their blood drained. Especially against their own will.
2. Laws of physical nature, act of God: so my brother-in-law is currently having his house remodeled and rebuilt, and super super crazy story the contractor who’s helping them employed by Cindy‘s mom suddenly I guess randomly got cancer and is now in the hospital? And this is the head contractor for the whole project, so then, the laws of physics; if your head contractor suddenly gets cancer or a heart attack and becomes ill… Your whole housing development project comes to a standstill. Also, the laws of physical entropy; when you are getting a house rebuild, and then it starts to rain, this is disastrous.
3. The physical world is too slow: so currently on 877 Washington in Culver City, Apple is expanding their Apple TV TV plus campus. I’ve been watching them constructed like four days and weeks on end. They’re actually doing good progress on it like they’re always at work, looks like they have good contractors etc.; but still, this is taking months, how long will it take? Five years? The issue with physical and physical development physical real estate once again, the laws of physics make it very very impossible to build things quickly. Even in Vietnam where they obviously do not observe any sort of safety laws, they built things really really fast, but it is impossible to build 100 foot skyscraper in like five days or a week. With bitcoin you can.

Why is it so hard for people to understand bitcoin?

Can you imagine trying to explain to an ant how a microwave works?  or can you try to imagine explaining to a child in nuclear physics?

Or can you try explaining to your 95-year-old mom how the Internet and the cloud works?

Poor, imagine how difficult it is if you took a 85-year-old man who has been driving petroleum cards this whole life, and giving him a brand new cyber truck?

The hard thing with technologies is that it is always very very very very difficult to understand things which are a massive paradigm shift. Even my uncle, who is almost the most reluctant person to technology ever, like he only got an iPhone literally this last year — even up until a year ago he was still using a flip phone, now that she has an iPhone Pro, his life is like 1 trillion times better. He literally fought hand and nail and even he eventually succumbed to the miraculous powers of the iPhone. I think also a similar thing will happen with electric cars, like we charge our phones every night, can you imagine if your iPhone ran on a gasoline generator?

Insight & vision

I think the hard thing is that to have a deep insight about something, is going to be considered insane by the traditional crowd. Which is also very very understandable. For example, one of the most useful inventions of all time the microwave, can you imagine trying to describe to a person in the 1800 how a microwave worked? Or even having silent clean electricity inside your home? Or, trying to explain to somebody in the 1700s that one day you would fly in the Meadow bird across the sea in a matter of hours? Or trying to explain to somebody in the 1500s that one day we will jump on a spaceship and go to the moon?

Once again very very difficult.

The art of being unreasonable

Or, it’s still kind of blows my mind… I think what Elon Musk is currently worth what like $270 billion or something? Can you imagine even telling somebody 10 or 20 years ago that one day this would be possible?

Even Steve Jobs, his insane tenacity is like the best thing of all time. Can you imagine if we were still on blackberries with physical keyboards?

Or, when he first unveiled the iPad everyone was trying to get him to like add 50 USB ports to it. But it was his stubborn genius which prevented this nonsense.

Even in the early days of the Apple to computer, Steve Jobs had the very very good idea of not having nerds hack with it, you could let them just do that with the windows computers. Steve Wozniak I didn’t like it, but ultimately Steve Jobs was right.

Or Elon Musk and Tesla; what people don’t know is that Tesla was originally started by Marc Tarpeting, and I think another group of investors and entrepreneurs, however, it is Elon who turned Tesla into what it is today. He is the one who had the genius and the insight and the engineering and design taste to make the Tesla model S the beautiful car that it is today. And also, his vision with cybertruck and now the cyber taxi and Robo van.

I think we tend to put these individuals on a pedestal. Why can you not be as unreasonable and stubborn and insightful as Steve Jobs, Elon Musk, Jeff Bezos? What in terms of the laws of physics is holding you back?

Your only limit is you 

Me talking about bitcoin might seem like it is out of left field, but actually, I’ve been investing in bitcoin and crypto since 2018. A year after I left Vietnam.

Initially, I was told about a certain old coin by this Singaporean trader investor entrepreneur named Bing — she first is the one who got me to sign up, I first did my own research a little bit, but maybe like $25,000 worth of bitcoin in 2018, when it was like $6950 a bitcoin, and me then taking half of that money and buying digibyte DGB, on the exchange fund poloniex, but I’m not even sure it’s around anymore, anyways, eventually I came back to my senses, and after doing a lot of research and thinking, consolidated all of my digibyte back into Bitcoin, the smart path.

Other meanderings

I also then much later, met a guy named Abe who was an early investor in chainlink, randomly when I was at LA fitness in Providence Rhode Island, and I was pretty sold, it seemed like chainlink was a great idea.  I think one chain-link was maybe like seven dollars a chain-link or $10 a chainlink, I sold all of my bitcoin which was worth maybe like $180,000 at the time, and bought all chainlink.  I liked the insights of Sergey Nazarov, and I used to check the chain-link blog like every single day.

Eventually… I then had a gut feeling, I kind of missed having my bitcoin. And also I started to get a little bit more and more suspicious and having a bad feeling about chain-link. The issue was too much of the price of a chain-link was dependent on marketing and PR, and also… I think they release a version 2.0 white paper for chain-link, and this was a red flag:

Never trust anything that needs a version 2.0.

What people don’t really really know is that bitcoin, when Satoshi invented it, was like version .001, and since it was published, the original bitcoin paper, it has not been tampered with or changed since.

Since then, we have seen many forks, duplications, new ideas, Ethereum Ethereum 2.0, the big Ethereum hack and fork etc.; and even now somehow I’m not even sure how this happened, Ethereum you can now have an Ethereum spot ETF?

 however, people are starting to wake up to their senses and realizing that Ethereum is like a cubic zirconian fake diamond made out of plastic – it looks really really shiny and great from the outside, but on the inside, it is just plastic.

What’s also super interesting about diamonds I learned this from my uncle who has been a gold and diamond and jewelry dealer for almost over 35 years, is that with the naked eye, a cubic zirconia and fake diamond and a real diamond is literally impossible to tell with a human eye, even if you took the world’s most skilled jeweler to take a look. 

How to FIRE with bitcoin (financial independence, retire early)

OK, before COVID-19 hit, it seems that we were actually on a good path, discovering the life happiness and the pursuit of happiness was not about physical property, physical possessions, even owning physical land or physical home or property… It was more about living this semi nomadic life, and accumulating interesting experiences, and getting your EXP up (experience points).

Even a big idea that I had, around 2015, wow almost a decade ago, is buy experiences not stuff.

So applied to our real life, maybe we should kind of shake off the trauma in the backlash of Covid, and let us take it back to the beginning, take it back to standards.

First, I think a good idea is to try to imagine that Covid never happened, and let us resent ourselves around our minimalist principles.

So let us make this notion of fire, financial independence retire early cool again.

So, how do you do this with bitcoin?

How to fuel your own early retirement with bitcoin

One quote I like from Michael Saylor; everybody is winners on the bitcoin standard, nobody is a loser. There are only varying degrees of success. 

So, how do we apply these principles?

First, the very very simple goal is to accumulate as many bitcoins as humanly possible, to stack as many Satoshi’s as humanly possible. The very very simple via negativa principle: 

You don’t sell your Bitcoin ***

If I told you that you were a wealthy family from New York City, and you own physical property commercial real estate on fifth Avenue, would you ever sell your property? Hell no! You would do everything, hand and nail to avoid and to prevent yourself from ever selling your property.

What do you then do instead is you try to do everything in your powers, your financial leverage powers to never ever ever have you to sell your bitcoin, but instead, to leverage your financial assets and instruments in order to accumulate more bitcoins.

What do you want to do is obviously do simple things like pay your rent and stuff, but, the very very simple goal: you live so insanely frugal and Spartan, and just put on 99% of your moneys into bitcoin. 

The basic idea is live like a demigod Spartan, you have no need for money or possessions or stuff. Even after recently doing this very very spirited road trip down to Temecula and Marietta, staying on a nice ranch with a bunch of chickens, I am still pretty convinced… A white Toyota Prius, is probably the best car of all time. Even if you could afford like 50 cyber trucks, or assuming I could only own one car, currently I still might take the Prius over the cyber truck.

Why? My body looks like a cyber truck, I don’t need my car to be. 

I think the problem is people try to purchase dominance through their assets like their car their truck their SUV they’re home they’re closed their jewelry their devices whatever, or even worse their guns.

Only skinny fat midget weakling losers own guns. 

A real man has no need for external fire arms; your own arms your own guns are your firearms.

So a very simple thought; don’t waste your money on guns or ammunition, use all that money to buy weights, weightlifting equipment and barbells, use that to stack your muscles and also your physical dominance. 

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How to deal with the emotional roller coaster of bitcoin

So I think the number one critical problem here is that for somebody who is inexperienced, bitcoin is one hell of a ride.

For example, even my uncle who is like 68 years old, he told me in Korean that bitcoin is almost kinda like crack cocaine or bad drugs (ma-yyak), which literally means “evil medicine”.

For example I tell him that all I think about is bitcoin and Eitreim in bitcoin, he tells me that he has the same problem. But I guess the difference is that I do it from a joyful, happy, playful childlike approach; she does it almost kind of like out of opportunity and fear?

So some simple thoughts:

1. Never look at prices 

Never ever ever ever look at prices, delete the Coinbase app from your phone or whatever, or your Fidelity app, assuming you own microstrategy stock,  and never ever ever look at prices unless you actually intend on buying selling or trading or swapping or accumulating or depositing money and re-investing it.  it might be one of the most difficult things to do but I treated like the ears of Odysseus; fill up your ears with digital beeswax, never ever look at prices. 

Now that my net worth is insanely soaring, like bitcoin is going ballistic, and I’m getting ready for the $100K bitcoin party,  the best party of all time in cyberspace and everybody who owns bitcoin or even a fraction of a bitcoin is invited, — essentially the funny thing with bitcoin and numbers and prices and whatever is that there is this strange assymmetry:

When you see the prices or your assets going up, you get like a 50% boost and happiness, but if you see it go down, it is like a -500% in happiness. 

This is why losing money at the casino is 1000 times more annoying than winning money.

So don’t be tempted with gains ; once again, the goal is to increase your money or your capital, but instead and rather, the goal is to accumulate digital power.

There is no force stronger out in the planet than bitcoin. It is like solidified power, – like I visualize it like a Dragon Ball. Assuming that there’s only like seven dragon balls scattered around the planet, wouldn’t you want to have one?

Or imagine a better analogy… There’s like 21 million dragon balls scattered hazard lead around the planet, and there will never ever ever be more than 21 million dragon balls, and this Dragon Ball is your thing to economic immortality and power, wouldn’t you want to have one, or several?

How many bitcoins is enough bitcoins?

That’s like asking somebody if you have a chance to buy out Manhattan, how many square blocks should I buy if I could afford to buy like a lot?

Your goal is how much you ever could physically afford it! And even if you have to overextend or leverage yourself a bit, more property in Manhattan is always the best idea.

Bitcoin is like the ultimate digital cyber Manhattan assuming that there will never be more than 21,000,000 square blocks in cyber Manhattan, forever, then, certainly you will want to get one while you still can.

a bitcoin mortgage program

An idea that I’m kind of toying with this idea of like a bitcoin mortgage. The general idea is that there’s going to be a certain point in which owning a bitcoin is just going to be like physically impossible for most people like a full single bitcoin. Currently the scam that is going on is that people will Essentially sell all of their physiological energy and soul over the course of 30 years, to purchase a single-family home and property.

However if I think about this critically, the reason why buying a single-family home or anything with a mortgage is a terrible idea is that as long as the APR is above 0%,  it is never worth it.

Why? Even if you do get a 0% APR loan, assuming that you have to pay property taxes of at least one to 2% means that you’ll bleed out half of your capital in the course of 30 years?

Not only that it is like somebody offers to give you a free pet puppy, but you forget that you will have to pay it in the long run; paying for a bit fee, and it getting cancer, and eventually the sadness of having to put it down.

In life, you have the option of taking the winning bet, or you have the option of taking the losing bet. Why would you take the losing bet?

The point of life is to win!

 in life, so history and words mean little and nothing.

I still cannot ever forget, my extreme annoyance with talking to one person who told me that he was taking some classes to learn about investing in real estate or whatever, and I just joked tongue and cheek, but also seriously… Like bitcoin? He shrugged me off and told me “no, real investments.” This is from somebody with a business and maybe an economics degree? And maybe a marketing degree?

Anyways, I’ve made 1 trillion times more in bitcoin over the course of the last few years, then over 15 years of traveling the world and teaching photography workshops. And the truth is a lot of it is actually just time and technology; bitcoin didn’t really exist back then in a real tangible form which wasn’t that interesting to me at the time; so obviously if the financial instruments don’t really exist at the time, then, obviously you cannot hate on people for not making good financial decisions if the financial instrument, a.k.a. bitcoin, did not yet really exist!

But isn’t bitcoin risky?

 no! It might be like the least risky thing on the planet. It is almost like in my mind 100% certain to go out forever, albeit with great volatility.

But to quote Michael Saylor, volatility is vitality.  what that then means is in life, assuming like life is like a roller coaster, you need higher highs to get the lower lows in order to reach the higher highs. For example in roller coaster tycoon, in order to make a super super epic awesome roller coaster, you first need to make it go up really really high, then really really low, in order to use the centrifugal or the gravitational force to make it reach a really really new high!

I almost wonder if there was a lot of financial physics here as well: the idea is that once again, you need really really low dips, in order to reach new highs?

Compare this with a boring asset like bonds; the whole life it is just like super flat, maybe a 1° incline upwards, kind of like one of those lame kitty roller coasters. The one that just put you in a truck that just goes in a circle forever, with a tiny incline and a tiny dip. Super boring.

what is the goal?

I think philosophically, the goal ain’t to get rich or whatever, because richness is all relative. Rather, the goal is to gain your freedom, your financial freedom! Then once you have gained this freedom, the rest of your whole life will just be upside, no downside!

ERIC

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