Chat | The Margin of Safety12/23/2018 In our living space, we have three zones: our comfort zone, our adventure zone, and our margin of safety. It's important to establish our margin of safety so we can take bold actions. For example, if we have enough wealth to not worry about it for a while, we may consider more entrepreneurial and investment options. However, without a sense of security, many of our ideas may not be implemented. Parents who can provide financial support to their children also establish a sense of security for them, allowing them more space to explore. Because of this, children from wealthy families often have more opportunities. Our discussion today emphasizes the importance of broadening our security boundaries to have more options in life.
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Story | Culture in Cafe12/16/2018 Why don't Italians drink cappuccino after 11:00AM? Italians NEVER drink cappuccino after 11 am because it's not easy to digest lactose if there is too much of it from the milk in the cappuccino. Another reason is to drink coffee in the morning to have a good sleep at night.
Who is Satoshi Nakamoto?12/9/2018 "Who is Satoshi Nakamoto?" is an interesting topic when people talk about Bitcoin (฿).
Satoshi Nakamoto (中本聪) is the name used by the presumed pseudonymous person or persons who developed bitcoin. On Oct 31, 2008, Satoshi Nakamoto authored a 9-pages bitcoin white paper called "Bitcoin: A Peer-to-Peer Electronic Cash System," explaining the created and deployed bitcoin's original reference implementation. A few months later, the bitcoin was launched, and Satoshi Nakamoto owned 1 million bitcoins in the first year, with total Bitcoin limits to be 21 million. Bitcoin combines encryption technology, cryptography, distributed computing, and game theory. With Bitcoin, as long as two people anywhere in the world have access to the Internet, they can conduct transactions within a few minutes without the need for an intermediary. Now, each Bitcoin is worth nearly $5tK, which makes the Bitcoins a 1 trillion worth in total. Many guesses about who Satoshi Nakamoto really is, including Dorian Nakamoto, an engineer living in LA, Adam Back, the creator of Hashcash, and Craig Wrightm, an Australian scientist. Many have denied the claims. Now only Craig Wrightm from Australia claims that he is Satoshi Nakamoto, but nobody believes him. Editor's Notes: Apparently, people like to explore the unknown, especially when this mysterious person is behind the vast wealth challenging the current authority. |
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