Optionality, uncertainty and freedom from HCPP
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The document discusses the concept of optionality, which refers to having options or flexibility in various areas of life, similar to how financial options work. It provides definitions for key terms like option, call/put options, and optionality. It also discusses topics like how to pick life options, definitions of freedom, whether more options are always good, and using optionality concepts like parallel systems and remote work to increase stability and reduce sensitivity to uncertainty and volatility.
Optionality, uncertainty and freedom from HCPP
- 1. Juraj Bednár @jurbed hackyourself.io optionplus.io <- podcast juraj.bednar.io/en <- homepage / blog
- 2. 2020
- 3. Uncertainty
- 5. Optionality
- 6. Option - I may, but I don’t have to exercise it
- 7. • You need to own the option before you can exercise it - some work/ investment in advance is required • Using the option should be relatively cheap
- 8. • A “Call option” is a right to buy underlying at a certain price (called strike) at the time of maturity. Put option is a right to sell underlying at a certain price. • Relationship between price and volatility is mathematical (Black- Scholes) • The higher the volatility, the higher the price of (either call or put)
- 10. Optionality - similar to financial options, but applied to various areas of life
- 11. An option to use FFP3 respirator - super cheap in January, not so much in May
- 12. Stability Central authority Decentralization / freedom / optionality
- 13. How to pick options for your life?
- 14. Definitions of freedom Freedom from - I don’t have to do what someone else tells me Freedom to - I exercise my creativity and I am a producer Optionality
- 15. Is it always good to have more options?
- 16. Bitcoin as a hedge against failing financial system
- 17. Volatility is inherent in Bitcoin, otherwise it would not work. Don’t wait for volatility to go down, make use of it!
- 18. “Just in time” buying when you need it does not work with options nor insurance
- 19. Parallel systems - less sensitive to volatility, one dies, another is born
- 20. Remote work
- 21. Electricity - solar panels
- 22. Uncertainty and “volatility of volatility” - the fight between old and new on a graph
- 23. Build infrastructure for volatile times! Ethical crypto dealers Decentralized markets (laundry detergent, farm food not only cocaine) - everyone should participate, always for crypto. Build a muscle, even if inconvenient Societal structures (Parallel Polis) - clubs, fun, division of labor
- 24. Juraj Bednár @jurbed hackyourself.io optionplus.io <- podcast juraj.bednar.io/en <- homepage / blog