Joseph's "Just My Thoughts"

Courage and brazenness, which ordinary humans often lack, are essential assets for beggars. Courage- especially the kind that others cannot easily afford- holds significant value. This value stems from the essence of courage itself rather than its rarity. We need brazenness when we owe others for a time, yet we must act for ourselves, even at the cost of feeling remorse. Thus, intangible assets like courage and brazenness can replace tangible assets such as cash. Let’s not despair over our lack of material possessions. This does not imply that we should be beggars; rather, it suggests that there are many models in the world to follow. - Joseph’s “just my thoughts”

Online sales surpassed offline sales as a result of the global pandemic. Nowadays, people are purchasing signals instead of tangible items. The online environment is a web of signals. If the signal presented by the interface is not trustworthy, purchasing is not possible. For a long time, stocks have been traded based on signals that represent rights without requiring physical stock certificates. The same principle applies to gold. The challenge arises because both the tangible item and the signal react based on their value, but human greed leads to an oversupply of signals. This happens because creating a signal is much simpler than producing the actual item. The fundamental issue is that the signal serves as a representation of the tangible item. When there are more signals than tangible items, this discrepancy is termed a “bubble.” In offline contexts, signals are known as “cash.” Essentially, money is just a signal, and “trust” is crucial for believing in that signal. - Joseph’s “j...