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Just my thoughts #0571

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”

Just my thoughts #0076

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...