Facts! https://erickimphotography.com/blog/2024/11/20/bitcoin-is-happiness/

Summary of “Thinking Like an Engineer”

• Michael Saylor’s Misconception:

• Many believe Michael Saylor is a trader, but he is actually an engineer.

• Engineers think from first principles, deeply analyzing the true nature of things.

• Thinking Like an Engineer:

• The author relates to thinking like an engineer, applying first principles.

• Modern societal issues are often social problems that could benefit from engineering approaches.

• Leonardo da Vinci as a Model Engineer:

• Leonardo exemplifies infinite curiosity and playfulness.

• Despite his genius, he relied on patronage and wasn’t financially independent.

• True freedom and power come from personal financial independence.

• Bitcoin as Solidified Happiness:

• Bitcoin represents economic power, energy, joy, and happiness in a tangible form.

• Owning Bitcoin brings the author great happiness and a sense of empowerment.

• Bitcoin exists in cyberspace, not the physical realm, yet holds significant value.

• Reevaluating Preconceptions:

• The author overcame initial misconceptions about engineering being too math-heavy.

• Real engineering is rooted in physics and reality.

• Suggests rethinking societal norms from scratch (tabula rasa) using first principles.

• Innovation in Transportation:

• Proposes that if we redesigned transportation today, we’d opt for electric self-driving cars.

• Highlights the health hazards of tailpipe emissions from gasoline cars.

• Advocates for the practicality and environmental benefits of electric vehicles.

• Critique of Romanticizing the Past:

• Believes that clinging to the past is counterproductive.

• Questions societal norms like extravagant spending on engagement rings.

• Suggests practicality over tradition in personal and financial decisions.

• Bitcoin as Digital Real Estate:

• Compares Bitcoin to owning valuable real estate due to its limited supply (21 million bitcoins).

• Suggests that investing in Bitcoin is like acquiring prime digital property.

• Investment Strategies:

• Argues that renting is more financially prudent than buying property.

• Recommends investing in Bitcoin over traditional real estate for greater returns.

• Notes the significant increase in Bitcoin’s value and its potential for future growth.

• MicroStrategy (MSTR) Investment:

• Highlights the rise of MicroStrategy stock due to its significant Bitcoin holdings.

• The author invested in MSTR stock early and anticipates continued growth.

• Suggests using gains from MSTR stock to purchase more Bitcoin.

• Systemic Challenges:

• Observes that current systems are outdated and rigged against individuals.

• Uses the example of infrastructure based on ancient standards (e.g., Roman roads influencing car widths).

• Advocates for embracing new technologies and systems like Bitcoin.

• The Shift to Bitcoin:

• Notes that people are recognizing the superiority of Bitcoin over other cryptocurrencies.

• Predicts a migration of value from weaker assets to Bitcoin.

• Embracing New Economic Theories:

• Emphasizes the importance of innovative thinking over traditional economic models.

• Views Bitcoin as more valuable than major tech companies due to its global accessibility.

• Highlights Bitcoin’s potential to revolutionize global finance.

• Focus on Cyberspace:

• Echoes Michael Saylor’s sentiment to prioritize cyberspace over outer space exploration.

• Cyberspace is the new frontier for economic activity and power.

• Bitcoin is poised to become the global monetary network, even applicable in future space endeavors.

• Bitcoin’s Enduring Value:

• Bitcoin is unique in that it can last indefinitely, unlike physical objects subject to decay.

• Posits that Bitcoin might be the most ethical investment for the planet.

• Conclusion:

• Encourages investing in Bitcoin as a path to happiness and financial success.