One of the key principles of money is ‘opportunity cost.’ It means that when I buy something, I have to give up something else in return. We think we buy because we need something, but we often forget that we could buy something else instead. We rarely consider ‘opportunity cost’ when making a purchase. We do not compare other values against our needs. Buying something means giving up something else, but we often don’t realize it. When we spend money, we should also consider the ‘opportunity cost’; yet, in reality, we aren’t trained to do so. By making a purchase, we bypass the value comparison that may not offer any additional benefits. Maybe it’s because we lack knowledge, or perhaps the idea isn’t appealing. - Joseph’s “just my thoughts”
Social media is a world of algorithms, not a window being shown by content creators. Attention is an asset and a lot of exposure to content is power in this social media. However, regardless of the creators' passion, the opportunity to expose is determined by the algorithm. It proves no one has found the secret to the algorithm's favorable selection, which is why so much YouTube content reveals the secrets. If the correct secret has been revealed, people will stop creating competitive content for it. Secrets increase efficiency, but generalizing the secrets is unavoidable. Without generalization, the market is getting smaller. There will be a threshold below which the profit under the confidentiality of the secret is valid. However, exceeding that threshold creates an inverse relationship between secrecy and profit. Until before that threshold is exceeded, the victims of scammers must be victimized unfortunately, hence don't be fooled by those who brag about their secrets w...