The second generation of the coin has grown up: Xiao Facai just turned 15 and is already 170cm tall, two centimeters taller than me. After moving to Berlin, she's still learning German and English. Lately, I've been taking her to exhibitions to improve her aesthetic taste. She's also just starting to get into vibe coding and blockchain technology.

Less is more

No system is perfect; the key lies in the combined effects of multiple constraints. Papal Corruption and Moral Issues: John XII (955-964) is considered one of the most corrupt popes in history. He was accused of murder, adultery, gambling, and turning the Lateran Palace into a brothel. Alexander VI (1492-1503) Rodrigo Borgia was perhaps the most notorious for corruption. He openly acknowledged having multiple illegitimate children and exploited his papacy to enrich his family and gain immense political power. He sold simony, manipulated elections, and was even accused of poisoning political opponents. Leo X (1513-1521), a member of the Medici family, was known for his extravagant lifestyle. He raised funds through the widespread sale of indulgences, which directly triggered Martin Luther's Protestant Reformation.

These negative examples ultimately led to the Counter-Reformation and the Council of Trent (1545-1563), which led to the establishment of stricter internal oversight and ethical constraints within the Vatican. The modern Vatican's financial transparency and ethical standards are far more stringent than those of that era. The Vatican has multiple financial departments within the Vatican, providing checks and balances. Various institutions, such as the Apostolic Finance and the Secretariat of State, participate in financial management, providing internal oversight. Major financial decisions often require the participation of the College of Cardinals, providing a framework for collective decision-making. The Vatican has established a relatively comprehensive accounting system, requiring detailed records and supporting documentation for all major expenditures. Regular financial reviews and reporting also serve as oversight. The modern Vatican has also introduced external auditing bodies.

First there are ripples, then they gather into a web.

Farewell Mai Mai

RT @yiqifacai: I've revealed two things on Twitter: One is about Sinopharm, which everyone thought VCs couldn't sell as the pandemic was almost over. The logic was that CSPC's Hong Kong stock had returned, and better times were yet to come. The other is about Foxconn Industrial Internet during the tax audit. The logic was that if they had tax problems, all private businesses nationwide would have to close. Looking back, the logic behind investing is always simple. https://t.co/…

Will Twitter's traffic plummet after banning porn?

All assets follow the "demand pricing". If demand declines (regulation, substitutes, technology failure), prices will still be cut in half or even cut at the knee. Self-fulfilling prophecy: For those born in the 70s and 80s, housing prices have been rising since they were born, and this has been a part of their life experience. Therefore, after 2019, many people will take over the last baton without hesitation. For those born in the 00s and 10s, BTC is an asset that has been rising since they can remember.

The great monk is just one of the sentient beings. The greed, anger and ignorance of sentient beings have saved the Buddha. If there are no sentient beings, there will be no Bodhisattvas. If everyone becomes a Buddha, does the Buddha still exist? If I am a Buddha, do I not want sentient beings to get rid of ignorance? Answer: "Without sentient beings, there is no Buddha" is talking about the teaching role of the incarnation of Buddha, such as temples, great monks, wooden fish fasting, chanting sutras, etc., which require the ignorance of sentient beings to establish. Buddha nature and Dharma body do not rely on the ignorance of sentient beings to establish, they are inherently complete. When "Buddha is one sentient being", the "incarnation" disappears, and there is no Buddha at this time, "only the Dharma realm"