Dao Of Bitcoin 004 The First Rule

The First Rule of Bitcoin is: You Do Not Talk About Bitcoin.

Rephrase please.

Do not reveal you have bitcoin.

  • If you have a jar of GOLD, do you tell anybody, your aunt?
  • No, because there is a chance an intruder can get that info and force into your house to get YOU to GET YOUR jar of GOLD.
  • If you have Tesla shares, it is fine. If you have Tesla car. It is fine.
  • The intruder or robber can’t just get you to sell the stocks and click Withdraw and hand over the amount.
  • The robber can’t – maybe can – the thief can steal your Tesla car. BUT your Tesla car has all the security features to ensure the thief is captured!

So what if you have a hardware security device, a paper wallet, an encrypted file, an air-gapped hard disk? Watched ANY movies recently? How about “Law Abiding Citizen”?

Once a met some traveler who came to Bangkok the first time. They (from 1st world country) proudly proclaim they don’t carry cash just credit card, so if a robber asks them, they will show their empty pockets and said robber will flee with tail between the legs!

Super first world Ivy League intelligence?!

Dao Of CZ 003 DeFi Will Be Bigger In Five To Ten Years

  • CZ talks about his vision on the creation of BSC just on time riding the rise of DeFi in middle of 2020
  • He explains the inner workings of a CeFi in Binance, every user may potentially have 100-150 wallets, each on 100 different blockchains, each with a plethora of transactions
  • All these need highly technical and security focused skills to implement and execute and maintain
  • Binance invested hundreds of million to secure servers, maintain uptime, throughput, availability, while fending off DDOS, scam users, bugs
  • This article/video interview sums everything and perhaps valuable industry insight that can class as first-mover knowledge since only 194 views since it was uploaded in Oct 2020
  • https://www.youtube.com/watch?v=jGW4jrLeak8

Capitalist 003 That Is Just The Way It Is

  • the most dangerous English language sentence
  • when you are made/forced to pay “hidden tax” on a restaurant meal, 15%, 20%, 23.33% is “that is just the way it is” thought bubble popped up and swiped left?
  • in Malaysia, “the others” are made to pay/subsidize “on paper just 5% or 10% called Bumi discount” – that on financial calculations of NPV, amounts to close to 30-35% on the value of a home/house/property
  • this “discount” or forced subsidy, however which way one sees it, means robbing Peter to pay Paul is – “that is just the way it is” mentally programmed side note
  • a smart/wise capitalist should identify the underhanded policies, isolate it, and neutralize it – not unlike neutralizing an aggressive cancer, a rouge military saboteur
  • in the movie, Apocalypto – quote:
  • Fear is a sickness. It will crawl into the soul of anyone who engages it. It has tainted your peace already. I did not raise you to see you live with fear.
  • that is how one is subdued even before anything
  • therefore, seek a different Web3.0 path – do not, or need not be entangled with “must buy property, to get rich, get passive income” – N O.
  • obviously, statistically many people gain from property, even after paying the evil jizya
  • while, do some further research – many many others fail, stuck, trapped in properties, that became a stark subject to devaluation – an area could become flood prone, multiple new constructions changed the area’s livability, new noise pollution from heavier traffic or from increased number of mosques in the vicinity, an area over-promised by a developer/sales agent, now is abandoned, projects cancelled due to corruption (very likely)
  • fact is, many construction business even deemed legit, traverse into a dozen web of corrupt, rent-seeking schemes to enrich some person along the path
  • analogy: that sales agent who told you 83% of the block already sold (the truth was the boss had double sell this belief to the agents themselves by promising them high returns by being the EXCLUSIVE first mover advantage)
  • when a group of people are motivated by “diamond, platinum, unobtanium round table, circular chairs, 10 Day FREE trip to CANADA, Top Of The Table” you know truthfully – something vile has been brewing since the beginning for such scheme to be able to manifest such incredible temptations
  • to know who truly your doctor is: check his car in the carpark – what brand, model, and his aspirations are written there – check what watch he wears
  • if a truly educated, noble person, of high stature such as a “medical doctor”, is seeking the “ultimate” goal of owning a 850,000 RM luxury vehicle – ON YOUR EXPENSE and removal of your gallbladder – you know you were a super sucker all along to their obvious trickery
  • pay it forward

Minimalist 001 Wearing Same Kinds of Clothes Over and Over Again Happily

  • Mark Zuckerberg used to buy the same sized, same coloured shirt, hoodie, jeans – by the dozen
  • the simple fact is simplicity, and minimalism in clothing, takes out the distraction and time friction in choosing, matching, cleaning
  • it may not apply to all – while having a conscious mind to minimise clothing, minimise styles, variations, will help to sort out the subconscious mind
  • sure – nice patterns, new patterns, design, seem refreshing, new, helpful at first – then there is the marginal cost of happiness derived from it as quantity and mix increases
  • analogy: we love a nice mug, beautifully coloured, hand painted, how about that Kit Kat exclusive FREE mug – then we end up have a super multi-coloured lego land of cups, mugs, shot glasses
  • leading a minimalist mindset plus not required to “be in an office” saved tons, from one of this: ironing clothes, pricey formal attire (coat, silk ties), shiny black shoes.
  • free your mind – choose clothes you totally were comfortable, feel good with, then buy 2-3 more sets of that same one
  • advertising has polluted and infiltrated culture, in our movies, in the doctor’s offices, in the magazines, in the Instagram posts
  • choose

Capitalist 002 Why A True Capitalist Shun Luxury Cars

  • A (futuristic-minded) capitalist doesn’t get entangled with the primary obsession of owning a luxury vehicle
  • the cost associated far outweigh the presumed prestige
  • the preposterous price tag of buying a 600,000 RM luxury car that simple exceeds or equals the value of a middle-class condominium is the unwavering indicator of supreme unintelligent decision-making
  • there are many ways around to get around – hiring a permanent driver costs 2500 RM x 12 = 30,000 RM per year. Doing 3 Grab rides per day is averages 30-50 RM, less than 20,000 RM per year, not factoring membership discounts that Grab offers for monthly subscribed services
  • the average time spent in a moving-vehicle per day is less than 1 hour, if one has to spend 3 hours due to traffic jam, go to Step 1 (wrong choice or job, career, or presumption of career – aka signed-up for slavery without ever understanding human slavery)
  • a second-hand very reliable Japanese made car – example the Honda Accord, Honda Civic, costs merely 50-70,000 RM, — the value proposition that saves 85% off the bat, calls for a hands-down total slam-dunk financial wisdom street credibility
  • the insurance of a luxury 600K vehicle is 15,000 RM — that itself could pay for infinite Grab rides
  • more self respect – gained by reducing total carbon emission – remember the haze Part 1, Part 2, and Part 1+n, the Australian forest fires
  • the value saved could be invested instantly on income-generating streams instead of long-term fixed car loans that penalise even early-payments
  • the luxury car industry in Malaysia is lop-sided, favouring the approved permit holders (aka state sanctioned corruption to enrich X people), why be a slave to indecency, corruption, kleptocracy, are you happy to tell your children you betrayed yourself?

Capitalist 001 When 34K Magic Is In The Air in Malaysia Taxation System

The true capitalist choose to earn BELOW 34,000 RM in Malaysia. This is the threshold for personal income tax declaration. In other words, earning less than 34,000 RM a year in Malaysia (resident/inland) means one does not have to file nor report, or be included in taxation.

It may initially sound counter-intuitive to want to earn low, but your intelligence will guide you in this statement.

  • by legally not being required to report, there is no file, no track on one’s financial stature
  • but wait, then we cannot buy a house a new car, and bungalow?
  • that comes to the point of being a minimalist, realist, and futurist – the future is not about owning, since these will back it all up – owning means more stress not on yourself but on planet earth, and in Malaysia, if you are “the Others” you don’t truly own any land, property, as the law can snatch it away anytime
  • you need NOT buy a new car – look up Scotty Kilmer – and you can save 25,000 RM for every 100,000RM new car value on the get-go; compound that with the interest charged, stark first-five-year depreciation, you’d be better off using Grab 5 times a day – then the two big hidden cost – insurance on the new car is extremely high (economics of selling fear), and forced high fee servicing at the authorised centre else the warranty is void (thug economics)

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New Volunteer Opportunities

Donating money isn’t the only way to give to charitable organizations, many of whom rely on volunteers for various services. If you find yourself with free time on your hands on your weekend, or during the week, you could consider putting in some community service. Not only will you help a good cause, but it can also be a way to meet people and learn new skills.

Celebrate Microvolunteering Day

You want to get involved and give back to the community, but can’t fit another big commitment into your busy schedule? Then microvolunteering might just be the thing.

Microvolunteering is a small, bite-sized task or project, that is quick and easy to perform. Best of all there’s a range of things you could do online, in as little as 30 minutes. Donating processing time on your computer, signing an online petition, or promoting a charity on social media are all examples of microvolunteering that you could do today.

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