A ‘transaction’ is an act of debt between parties. The seller owes goods to the buyer (performance debt), and the buyer owes money to the seller (monetary debt). A transaction is considered complete when the debt is settled and the promise to owe each other is called a ‘contract.’ Thus, a good trader or businessman excels at making and repaying debts. When it comes to debt, the type of debt matters. Anyone who misjudges this should not engage in business. - Joseph’s “just my thoughts”
For humans to be born and survive, the world should grant humans the right to possess, that is, ownership, which must be guaranteed. Ownership is a right that has been granted since birth, so it is called an “absolute right.” In the online realm, this ownership is established by setting up an ID and password. When this ID and password match, we can engage in social activities such as online banking or shopping. The password is a personal identifier known only to me. No one else knows it, and when that secrecy is broken, it becomes invalid. However, to enforce ownership online, I must also share my password with the service provider. At that point, the provided password is no longer a secret. There are many contradictions in the world. - Joseph’s “just my thoughts”