Online, everyone's flaunting their wealth, proving their financial freedom. What's your definition of financial freedom? There aren't that many rigid standards. It's simply being able to work without having to be subservient to others; not having to compare prices over three months for every purchase or car; not having to agonize over whether to buy a toy your child sees in a store and then opt for online shopping; not having to agonize over whether to buy something you need or like. There's no upper limit to any of these things, but what you can do is learn to lower your expectations. Not going overboard is perfectly fine. Eating lobster and sea cucumber doesn't necessarily prove you're more financially free than eating porridge and kimchi. In short, knowing yourself, living with a bit of a "closed-eyed" attitude (not turning your eyes away, but being aware of your limitations) is true freedom.

Since Moore Threads doesn't use the money it raises for research and development or expansion, but instead saves and invests it, this behavior is very similar to that of people in our village.

Beijing

Given the prices at the airport, my husband and I thought about it for a long time, but we still ended up slurping down a bowl of noodles together; squinting at the world, we were very happy!

I carry two packs of cigarettes in my pocket when I go out; I smoke them myself when no one's around on my left; and I share them on my right when we're all hanging out together. Sounds reasonable, right?

We've always been pursuing annualized returns of several times, even dozens of times. I remember in 2021, when I first came into contact with position arbitrage, quantitative trading, and institutional position allocation, I kept quiet and listened from the perspective of a listener when I chatted with them. The annualized return they expected was 5-20%. When I heard this, I actually wanted to mock them. What the hell is this return? Even if you had a pig, you wouldn't get such a low return if you had clients giving you money to trade.

We will resolutely refuse to do what is forbidden, and the hammer will continue to strike.

Supermodel dream, no background, no resources, ridiculed for starting a business, doing her own makeup, not picky about salary… She's gotten to where she is today. This woman is ruthless! CZ (@cz_binance) has retired. Heyi Binance is taking up the mantle. "CZ is history, I am the future." Subtext: Binance won't weaken because of CZ's departure; I, Heyi, will lead it forward. Now, please enjoy the Heyi era 👏

The only two narratives in the crypto world going forward are the BTC hype narrative of crypto gold and the stablecoin expansion narrative. It's nothing more than that. RAW, which you all love, was actually hyped back in 2017 but never came to fruition. As for stablecoins, who can ride that wave? Can you guys analyze it for me?

I was chatting with a friend in Beijing today, and he told me that in today's crypto world, even quantitative trading is no longer viable. A year ago, we were talking about how we used to have a 5% profit per quarter, but since May of this year, we've been losing money for four consecutive quarters. Currently, only BTC strategies are still going strong, but the funds have been withdrawn. You're still hoping for an altcoin bull market and a rebound, but liquidity market makers are nowhere to be seen. This shows how dire the crypto industry is.