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