If you followed the investment advice of the BlackRock CEO and went long on Bitcoin yesterday, you would have probably learned your lesson from the market today. Today, let’s take a look at how Levermore, more than a hundred years ago, fell victim to trusting the views of the big shots and ended up losing money. ...
Often, friends struggle to determine the target amount when formulating a long-term investment plan. Some friends, with lower incomes, find it difficult to imagine owning 1 BTC, which is valued at around $30,000 or over 200,000 RMB. On the other hand, friends with more wealth feel that buying a few BTC doesn’t seem satisfying enough. ...
The English word “Paradigm” means “a typical example or pattern.” The most common usage is in the phrase “Paradigm Shift” , which refers to a fundamental change in the basic concepts and practices of a scientific discipline. It is a concept in the philosophy of science introduced by American physicist and philosopher Thomas Kuhn and incorporated into the general lexicon. While Kuhn initially limited the use of this term to the natural sciences, the concept of paradigm shift is also used in many non-scientific contexts to describe profound changes in fundamental models or perceptions of events. ...
After a sudden surge to 31k, Bitcoin quickly retreated overnight, briefly dropping below 30k and currently maintaining consolidation near that level. This scene reminded Jiao Chain of our defensive counterattacks against Vietnam in the 1970s and 1980s. We would strike with full force and swiftly retreat, engaging in a decade-long border war to exhaust and defeat the enemy. This approach avoided getting deeply entrenched in a war quagmire while effectively undermining the enemy’s arrogance. By strategically retreating, occupying advantageous positions, and engaging in attritional warfare, we achieved our strategic objectives at minimal cost. ...
The most primitive storage need of humans, similar to squirrels storing pine cones for winter, is an instinctual response to future problems. This instinctual behavior does not require humans to possess such advanced thinking systems in their brains. Squirrels and many other animals can also anticipate the future. ...
Ever since Ethereum transitioned from PoW to PoS, the discussion and collision regarding the security of PoS and PoW have become a focal point. As early as November 6, 2020, Vitalik Buterin wrote a blog post titled “Why Proof of Stake” , where he conducted some calculations. His calculations indicated that, given equal security costs, PoS is safer than PoW. ...
Starting from June 1st, the guidelines for virtual asset trading platform operators and the anti-money laundering guidelines (referred to as the “Guidelines”) issued by the Hong Kong Securities and Futures Commission (SFC) have officially come into effect. The SFC has begun accepting applications for licenses from virtual asset trading platform operators and allows retail investors to use licensed virtual asset trading platforms. ...
Generally speaking, internet privacy primarily concerns the invisibility of users’ data information, such as their identities, behaviors, and activities. In the era of the internet, all our information and actions are presented in a digital form. However, once any system storing digital information is connected to the network, it becomes a potential target for hackers. This is especially critical when it comes to sensitive information related to finance and personal health. The privacy and security of data become even more important. ...
Recently, the similarities and differences between Bitcoin and Ethereum regarding the issue of price self-limitation have also been discussed. Some further thoughts and analysis are recorded below for readers’ discussion and criticism. The issue of self-limitation is actually somewhat subtle. Ethereum also draws on Bitcoin’s method of dynamically adjusting transaction fees (miner fees) in its calculations. For Bitcoin, the miner fee = vBytes (transaction size in bytes) * fee/vBytes (fee rate denominated in BTC); for Ethereum, the gas fee = gas (amount of computational resources consumed by instructions) * gas price (denominated in ETH). Therefore, on the surface, there doesn’t seem to be a problem with whether the fee rate or gas price is denominated in BTC, ETH, or USD. From the perspective of supply and demand economics, if the pricing currency relative to fiat currency is such that the expected fee income for miners (converted to fiat currency value) is just their cost (denominated in fiat currency) plus a reasonable profit, they can lower the fee rate (fee/vBytes or gas price) to maintain stability of the product of vBytes * fee/vBytes or gas * gas price relative to fiat currency. ...
There are often stories that people love to tell: Two classmates, A and B, graduated together. A joined a strict and regulated software company, while B joined an unknown internet company. Several years later, A honed their skills in standardized coding and project management, while B’s company successfully went public, resulting in a skyrocketing value of their stock options and granting them financial freedom. ...