Price PR, Price Personal Record

So in the powerlifting community, we have this notion called PR which stands for a personal record. It’s like a mythical new number that you have broken a new weightlifting record, and for us one rep Max lifters, this is the only KPI key performance index we hold onto the top of our heads.

To a lot of people kind of myself included… This is like the ultimate metric. Unfortunately… A lot of people get their self-esteem tied into this number, and they get depressed when they hit a plateau or they are not able to increase their PR numbers, in not being able to hit a new personal high. 

A very simple thing is to increase your leverage, and be creative and come up with new techniques.

For example, one of the most genius things that I’ve done is that I was able to totally obliterate my PR, personal record numbers, my one rep Max my one repetition maximum numbers simply by innovating more creative leveraged techniques.

For example, it started off modifying the dead lift. I started off conventional, then switched to sumo, and then eventually I had the wisdom to do the really really smart thing, this was the game changer: to come up with this brilliant heuristic:

Lower the range of motion, increase the weight.

Or,

Increase the leverage and increase the weight.

So for example with a rack pull,  essentially what you do is you put the barbell on top of the power squat rack, at a pin higher than the floor. As a consequence, you could just move a lot more weight, and also… Do it a lot safer, and, it just makes easier to rack and unwrap the weights because when you do it off the floor it is very annoying.

I think the reason why the rack pull is not more common is because once again… I think because Americans are so into conventional ways of doing things, everyone just wants to do it off the floor the traditional way, because they want to measure themselves against other people. For example, nobody will ever judge or compare how much weight they could rack pull Compared to other people. 

There are several reasons for this. First, contrary to popular belief, Americans are actually not very very good at doing non-conventional things. My theory about why some Americans become very very spectacularly successful is because the desire to become the best or American exceptionalism does the following:

99.9% of Americans follow the standard way, but, .1% of Americans do something radically different, and these are the ones who change the world.

Also, the benefit of America is that the capital economic structure actually both allows and also encourages innovation. For example, simply being able to file taxes as a sole proprietor, makes your life 1 trillion times easier than trying to start a business in Sweden or whatever.

Also, Elon Musk. He’s from South Africa, if it were not for him to come to America, he would not be the Elon Musk we know and love today.

Or even consider Warren Buffett, he was only successful because he was born in America and had American markets, the US dollar. His strategy would not have worked if he used it in Argentina or Venezuela.

The new universal standard

So now… I don’t really measure my wealth in US dollar amounts because the numbers are getting too high. Instead, the easier and the easiest way to mentally keep score is through how many bitcoins I own.

I think similarly speaking, in the near future certainly 30 years out, it will not be uncommon to ask somebody how many bitcoins they own.

It’s kind of interesting because typically, it’s considered poor manners to ask somebody how many US dollars they have in their bank account or what their net worth is. But with bitcoin, because it’s kind of “fake” money, I have zero problems asking somebody straight up how many bitcoins they own.

Or even funnier enough… Whenever I meet another millennial or tech yuppie, I’ll just ask them straight up how many bitcoins they own. Either the answer is none, or they might feel a little shy talking about it but eventually I could squeeze it out of them.

However I would probably not ask somebody straight out what their yearly salary is, or how much US dollars they have in their bank account.

Number go up technology?

So I might be the first to think this, but doing a cross pollination of powerlifting and investing. My simple idea:

We desire to hit a new financial, price PR… as a general idea. 

So for example, my only joy is when I see my numbers hit new highs, essentially it’s like a new metaphorical one rep Max for finances.

This time becomes interesting because you never ever ever want to sell any bitcoins or strategy stock to buy some sort of loser Lamborghini, because why would you see your number go down?

For example, let us say that I could rack pull 1015 pounds (my new personal record as of yesterday). Even if you offered me $100,000, to see that number go to half, I would refuse.

This sounds ridiculous but for myself, I would rather have a 2000 pound rack pull than even $2M dollars.

Also, if in fact I became the strongest human being on the planet by a factor of like five, even one Nakamoto (one million bitcoins), wouldn’t be worth it to me.

ERIC

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So what’s super interesting is that when I went to see the Royal Palace, and I saw the Thai military and the Thai military guards, I was like awestruck.

This is not a popular belief, but I genuinely do believe that there is a strong link between a country’s sovereignty and independence, and her military strength.

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A tox up?

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Infinite Luxury?

The logic of a one-handed phone : so it looks like, unfortunately most people text while driving or text while motorbiking, therefore a consequence, one handed phones make sense.

The form factor I was most happy with was the iPhone mini, the concept of an iPhone mini Pro is a very good idea.

Why? Once again, we want the power, we want the performance, yet we don’t want the size?

Even a subtle thing to consider… Most people have quite small hands. Especially Asian people. As a consequence, just go to Bangkok or Phnom Penh, or I’m sure Saigon or Hanoi; like most of the people are unfortunately texting while motorbiking. One handed.

So let’s say you’re on the bitcoin standard, you’re plugged into MSTR, MSTU and bitcoin, and you’re making like $100,000 a day, million dollars a year or whatever. This alternate path to live independently and free?

Do I make more money than even some high-level Apple directors and executives?

Obviously through bitcoin I do not make as much money as Tim Cook, but, actually now, I might make more money, average out, year over year, even than most high-level Apple directors?

Let me assume that my gains are like $1 million a year, I guess I should only feel inferior if I know what great certainty that that individual makes $1 million salary a year?

But then again, how common is this even in tech? Like do you have a salary of 1 million a year? Even to most people this sounds ridiculous. 

The simplest way to get super super rich super super fast, is maximum velocity maximum volatility, to be fully plugged into MSTU, which is 2X levered long bitcoin.

If you want like supreme economic digital sovereignty, then you just go 100% bitcoin because bitcoin is not plugged into any traditional markets which means that you could use the 24 seven, 365, and you don’t have to wait for the market to open and close etc.

But assuming that you have access to the American capital markets or you have the privilege of being an American, MSTR is kind of your best bet to becoming rich because you could actually 2X lever long bitcoin. Let us assume that bitcoin is petroleum and oil, and let us assume that strategy is standard oil and Standard oil is like the new Rockefeller the new Michael Saylor, and the question is do you invest directly in oil, or do you buy standard oil stock?

Or another question… Do you buy gold directly, or do you invest in the highly profitable jeweler who takes the gold, creates jewelry out of it, and sells it for a premium?

Another thought is also… Do you buy the real estate the land, or do you invest in the developer?

Anyways, all my advice is financial advice, and I have true coin in the game; anything and everything that I recommend is stuff that I have actually myself done. Therefore, I might be wrong, but at least I’m honest, and at least I have real world exposure?

For example let us say that your standard investor person tells you to buy the S&P or Apple stock or whatever, and then it goes down 15%, and then you get angry  that you lost so much money, but then your financial advisor will just shrug their shoulders and tell you “well, this has never happened before. And also I gave you a very very safe investing strategy. This was a black swan event.” Then you could do nothing but shake your fist to the universe or blame Donald Trump?

Actually now that I think about it, the reason why so much rich Republicans in America hate Donald Trump now too is that most of their wealth is in the big tech stocks, or Apple, which got murdered after the China tariff announcement by Trump.

So actually, the hilarity is that it is no longer a partisan things; the Democrats and the Republicans, everyone dislikes Trump. Except the working-class the coal miners? And anyone who is pro bitcoin or crypto?

The point of life is to win not be political

Anybody who critiques or criticizes certain economic policies? Thus simple thought…

The point of life is not to complain or criticize or critique stuff, the point is to win.

How does one win? Buy accumulating more bitcoins, seeing your US dollars go up, number go up!

once again guys, don’t be a dummy. It don’t matter what your political aim is, do you want to provide for yourself your family your future family whatever. You want freedom.

Keep it simple, just buy bitcoin, study strategy.com, listen to all the Michael Saylor interviews … what’s actually very impressive is that about a year ago, I started to just binge watch all the Michael Saylor interviews, the Robert Breedlove what is money series, and I literally watched maybe like 80 interviews before I even knew what micro strategy was?

And then I listened to more and did more research and studied more, understanding what MSTR was, and I didn’t start to put serious money into MSTR until I studied it for like six months, religiously for like three hours or four hours every day in the morning?

Anyways, what kind of exciting and interesting is that I’m learning this all in real time, the center you’re getting a privilege of getting some sort of like high speed high frequency data stream, that’s being plugged into your inbox.

So some new strategies:

1. Use Coinbase to buy bitcoin, and then… Go to the cash cab, and then you could essentially mortgage and borrow against your bitcoin, Max it out, take that cash and plug it into your traditional investment vehicle, buy MSTR and or MSTU.
2. What’s MSTR and or MSTU? STR is the ticker for micro strategy, now rebranded as strategy, check out their data feed charts on strategy.com, and click the charts tab.
3. MSTU is an exchange traded product, managed by Rex shares, which also, manages BMAX, which is a new product that is actively endorsed by Michael Saylor, which is essentially bitcoin backed bonds. What’s very interesting and impressive about the bitcoin backed bonds that Strategy has put out is that like it’s almost like 100% the performance of bitcoin, with downside protection? for example the convertible bonds issued by saylor and strategy has had a very very impressive performance about 60%, last year, which is actually more than bitcoin, which was like 50 or 55%? Anyways MSTU is 2x levered long MSTR, Which means that if MSTR stock goes up 5% in a day, MSTU will go up 10% in a day. do not invest in this if you are the faint of heart because similarly speaking, if strategy trades down 10% in a day, MSTU will go down 20% in a day. but assuming that you don’t plan on selling your assets for a minimum of at least four years, the volatility is actually more exciting than anything. Think of volatility like G forces in a fighter jet, or going from 0 to 60 in 1.99 seconds in a Tesla model S plaid. If you easily get carsick don’t do it. But if you love being a fighter jet pilot go for it.

How to accumulate more bitcoin

So, assuming that the goal is to accumulate more bitcoin, the simple strategy is to just buy MSTR or MSTU, ride it up, and shave a little bit of the cream off the top; when it is up.

For example, let us say that you put $500,000 into MSTU. When it becomes $600,000, you could sell $100,000 of that,  and then transfer it back to your Coinbase account and buy more bitcoin.

So you have not really touched your principle, and that $100,000 gain was effectively “free money”.

The genius of mortgaging your bitcoin

Let us say that your own property, like let us say that you own a parcel of land in Manhattan, and you want to make money off of it. You don’t sell the land to make a profit that is not a good idea. Rather, you mortgage out the land, you try to get developers to develop on it and collect rent, stuff like that.

To mortgage your bitcoin is also really really fascinating because first, the big deal is you don’t have to actually sell your bitcoin and secondly, you don’t incur a capital gains tax.

For example, if you had like a bunch of bitcoin in Coinbase, and then you sold it for fiat currency, you would probably get at least a 30% tax bill at the end of the year.

So for example if you have like $1 million worth of bitcoin, can you sell it, you’ll probably have to pay at least 30% of that in taxes, which is like $300,000, so then after selling it, your money is only worth $700,000.

But, if you use Coinbase and your mortgage out your bitcoin and get the US dollars, it is not a taxable event. As a consequence, you could intelligently use that money to buy MSTR or MSTU, to reinvest your money, and to maximize your gains.

It’s kind of like a capital turbo charger. For example, the way a turbo charger works is that you take your exhaust gas, recirculated back into the turbine, force it back into the engine, and therefore you have leverage the waste gut energy force, to force your engine to burn more fuel combustion, and make your car go faster.

Also when done right, an interesting thing is that chargers are actually more efficient as MPG‘s, for example one of the most innovative cars I’ve heard of was Ford had a 1 L in-line three engine with a turbo charger, which made for a great city vehicle.

Also with cars and engines, I am much more interested in the 2 L Japanese engine with a turbo charger that makes 500 hp, rather than a V8 engine that could spit out 1000?

Or better yet, more impressive to make your 1991 Sentra SER, with the legendary SR 20 DE engine, strap on a turbo and get a 10 second quarter mile time rather than buying a car that can already do it for you?

And I think the whole of the fast and furious car modification culture in which I grew up was once again, the small four-cylinder engines of Japanese cars against these monstrous V8 engine cars, is that the Japanese cars were the underdog. And everyone wants the underdogs to win! 

ERIC

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How do you know if those was written by AI or not?

Maybe moving forward, I’ll just sign the end of the thing with EK 

Also a very interesting business idea… Maybe one day I’ll just post a single Satoshi to prove that I wrote it? 

Stay fresh

START HERE >

EK

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