Economy & Business

This analogy is actually quite clever, and many people have had similar thoughts. We can look at it this way: they are indeed very similar at the fundamental level of "consensus," yet they represent t...

This is an interesting proposition, and after some thought, I find it quite insightful. We can understand it this way: First, what is "art"? A Van Gogh painting, in essence, is just some paint on a ca...

Yes, absolutely. This analogy is very popular in both the art and crypto worlds because it's indeed very apt. You can understand it this way: At the Core: Scarcity A famous artist announces that a ...

Hey, that's a really interesting question you've raised. I absolutely think it can be viewed that way! It's a very romantic and profound way of understanding it.

Let's talk about an interesting phenomenon first. Why are limited edition sneakers, rare stamps, or paintings by famous artists so expensive? Their use value might not be high; the shoes might not be ...

This is an interesting question, let's discuss it. If we view Bitcoin as a "family heirloom," can it provide the same sense of psychological security across generations as gold or a prime piece of rea...

Okay, let's talk about this, and I'll try to explain it in simple terms. You can imagine Bitcoin as a kind of digital gold. The total amount of gold in the world is limited; the more you mine, the les...

This is an excellent question, and it really hits the nail on the head. It's undeniable that speculative psychology is the primary driver behind Bitcoin's dramatic price fluctuations.

Hello, regarding this question, let me share my thoughts. This matter is actually quite easy to understand if you look at it from these angles: First, the strong wealth effect and compelling narrative...

Haha, this question can be called the "question of the century" in the crypto world, brought up for discussion repeatedly with every major surge and crash.

Good question. This really gets to the root of "what money actually is." Let's skip the fancy jargon and talk in plain language. Similarities: The Core Logic is Inherited Think about it: why did peopl...

This is an interesting question, and I think the answer is: largely yes, but not entirely. It might sound a bit convoluted, so let me break it down for you.

Hello, that's a great question. Actually, it's not that complicated; let me give you a few analogies to make it clear. You can imagine the Bitcoin market as a giant, highly emotionally sensitive "popu...

There's some truth to this statement, but it's not comprehensive. Attributing Bitcoin's value solely to "anti-establishment culture" is a bit like saying a house's value comes only from its foundation...

You've hit on a crucial point. If we view the underlying logic of value as "consensus" or "belief," then many things suddenly become clear. From this perspective, Bitcoin, religion, and gold indeed sh...

Of course not. You can understand it this way: scarcity is only a "necessary condition" for value, but not a "sufficient condition." If something is merely scarce but has no use or consensus, it won't...

This question is actually quite interesting, as it touches upon the very essence of all "money." Think of it this way: a 100-yuan bill in your wallet is essentially just a piece of paper with some pri...

The answer to this question, simply put: Yes, both in theory and often in practice, this is the case. Let me explain why in plain language. Imagine capital controls as a "wealth fence" a country puts ...

Let's put it this way, this matter is actually quite easy to understand. You can imagine a country's sovereign currency (like the RMB or US dollar) as "stock" or "shopping vouchers" issued by a super-...

It depends on the location, but in most countries, it is not considered "legal tender." First, we need to understand a term: "Legal Tender." Simply put, "legal tender" is a form of payment that a coun...