Month: March 2019

I recently saw an interview about three people who speculate on digital currency. I feel very interesting and I hope to share it with you.

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Everyone has a dream of making a fortune, but to a different extent. Some people want to eat Michelin every day and have a big house by the lake. Some people want to have plenty of time to travel around the world. Others hope to get rich overnight through lottery. But with the desire of one hundred million, few people dare to think.

However, what do you do when a huge new world unfolds in front of your eyes? No technical revolution has created a huge wealth effect in a short period of time like a blockchain, and the people involved have been caught in a collective carnival.

Tencent published an interview about the dream of making money in the currency circle, sharing the stories of a wage earner, a currency tycoon, and a college student.


The scenario in this paper is aimed at entrepreneurial teams and traditional enterprises with a business-focused, non-technical R&D background.

Thought that the function realization is the whole of research and development.

Functional implementation is actually just the initial technical work. Some non-technical bosses and entrepreneurs want R&D personnel to realize the functional characteristics of a certain product, and believe that the completion is all and everything is done. In fact, this is only the first step in the long march. A lot of outsourcing development is limited to feature implementation.

Technical problems after the function is implemented, at least include the following

First, performance and load support capabilities. How many types of requests can be supported by the user, such as how many times per second, how many times the order is placed, how many orders of data can be supported, and how large. The performance bottleneck will occur in what size of data and what size of request.


What is a business opportunity? In most cases, it is information asymmetry.

You know the production cost, retail price, huge spread and brokerage profit of a good. You know some suppliers and manufacturers are holding a lot of inventory and can’t sell them. You know some popular platforms are difficult to make money, and they don’t know what to sell. You know some emerging markets and platforms have low-cost traffic. You know that a certain manufacturer is rushing to promote products, and he has a large amount of promotion budget, but the promotion cost is very high. This is an information asymmetry.

Information asymmetry is not just a simple price difference. For example, the cost of artificial labor in an industry is extremely high, and the time-consuming and cost-effective effect is not good. You know that there are new breakthroughs and algorithms in the academic field. It can be a good substitute for such labor, which is also an information asymmetry.

Why is Silicon Valley so powerful? There are some “academic brokers” in colleges and universities, which really open up the information asymmetry between academia and industry. The power of this explosion is still remarkable. “Academic brokers” is an easy-to-understand statement, but it is definitely not derogatory. If you don’t have academic ability, you can’t do it. If you don’t understand industrial business, you can’t do it as well. It is hard to do both.