Economy & Business

This is quite an interesting topic to discuss, almost like something out of a sci-fi movie, but it's indeed a serious concern that people are actively considering.

This is an excellent question because it touches upon one of Bitcoin's most fundamental and paradoxical aspects. I'll try to explain it in simple terms.

Let's put it this way: this idea is common, but not entirely accurate. Mining cost is more like a "soft cushion" than an absolute "hard floor" that the price will never fall below.

You can think of a Bitcoin ETF as a "Bitcoin-themed stock." Before its advent, buying Bitcoin was a bit cumbersome. You had to register on specialized cryptocurrency exchanges, figure out how to use d...

Hello, this is an interesting question. I'll try to explain my thoughts in plain language. Comparing Bitcoin with gold and real estate essentially means viewing it as an "asset.

Okay, let's talk about this in plain language. Imagine money as a tool in our economic lives. This tool needs to have three basic functions. Let's look at how Bitcoin and the money we usually use (lik...

It's a two-sided coin: both a weakness and an inevitable outcome of a natural developmental stage. We can think of it like the stock of a high-tech company that's only been public for a few years, suc...

Hello, regarding the relationship between Bitcoin and inflation, I'll try to explain it in simple terms, hoping it helps you. First, we need to understand what inflation is.

Hello, regarding this question, I'll try to explain it in simple terms. You can imagine Bitcoin as gold or prime real estate in a first-tier city. What do they have in common? "Scarcity." 1.

To understand this problem, we need to strip down complex business models to see what's at their core. This is what's known as first principles thinking.

You can understand it that way, and this perspective is very accurate. Let's use a simple, down-to-earth analogy. Imagine you're opening the largest marketplace in the country.

Of course. Think about it: fifteen or twenty years ago, if you wanted to buy something online from a seller in another city, and neither of you knew each other, what would you do? Would you transfer t...

Okay, let's talk about this topic. Imagine it not as analyzing a company, but as playing with building blocks. We want to construct three models: "low prices," "wide selection," and "fast delivery.

This is an interesting question, let's talk about it. You can actually understand this whole thing with a simple analogy. Imagine you're a top chef who opened a wildly popular online pizza shop.

This isn't complicated; let's unpack it. First, what are "First Principles"? Simply put, they are the "root" of all your decisions. No matter what new situation or difficult choice you face, you retur...

回到2007年，我们抛开所有“事后诸葛亮”的看法，只从最根本的逻辑，也就是“第一性原理”出发，来分析iPhone成功的可能性，其实脉络会非常清晰。 这事儿得从当时人们最本质的需求和当时手机的“蠢样”说起。 第一，先看屏幕和键盘的根本矛盾。 2007年，市面上最牛的手机是什么？诺基亚、摩托罗拉、黑莓。它们的共同点是：手机正面超过一半的面积，都被一块“死”的物理键盘占据了。

Certainly. Let's simplify this by imagining a top chef preparing a perfect dish for you. Starting from first principles, what is "user experience"? Simply put, it's your complete feeling when using so...

Haha, that's an interesting question. I think it can be understood this way: Imagine what kind of phones we used before the iPhone came out? Nokia, BlackBerry – they all had a dense array of physical ...

Okay, let's talk about this. To understand Starlink, you first need to understand Elon Musk himself. The ultimate goal of all his companies, as he himself has stated, is for humanity to become a "mult...

Okay, let's talk about this topic. Imagine that before Elon Musk, the general approach to building rockets was basically "copying a template." NASA would say a rocket should look like this, use these ...