Ontrader

On the Correlation Between People-Oriented Product Design and the Popularization of Cryptocurrency Applications
"People-oriented = designed according to human and animal behavioral instincts; Anti-human design = overly logical design; Usability = idiot-proof; What is a good product = a product that even dogs can use; The reason cryptocurrencies have not yet seen large-scale applications is that dogs still cannot use them, as there are no idiot-proof applications designed for dogs to use." This text humorously explains the philosophy of product design, particularly highlighting the reasons why cryptocurrencies have failed to achieve large-scale popularity. This article will explore the relationship between the people-oriented design philosophy, usability, and the application of cryptocurrencies, and analyze its implications for product development.

Hoarding 0.1 to one BTC is enough to get through the rest of your life.

If 0.1 BTC cannot solve the problems of ordinary people, then this world is beyond saving [grin]

It's hard to understand; less than 10 people in China can comprehend this sentence.

On the relevance of 0.1 Bitcoin to ordinary people's lives and its social implications.
"Hoarding 0.1 to one BTC is enough to get through the rest of your life. If 0.1 BTC cannot solve the problems of ordinary people, then this world is beyond saving." This seemingly simple internet quote contains profound reflections on the contemporary economic system, wealth distribution, and social values. The author further emphasizes that 'less than 10 people in China can understand this sentence,' which not only highlights the uniqueness of the thought but also hints at its complexity and insights into social reality. This article will analyze this statement and explore its economic, social, and philosophical significance.

Bayesian Formula = Judgment
The relationship between cognition and the Bayesian formula: a mathematical expression of judgment.
Cognition is the core process by which humans understand the world, process information, and make decisions. The Bayesian formula, as a mathematical tool for probabilistic reasoning, is believed to play an important role in the cognitive process and can even be equated with a mathematical expression of judgment. This paper will explore the relationship between cognition and the Bayesian formula, and why the Bayesian formula can be regarded as the core mechanism of judgment.
The cognitive process is essentially a process of reasoning and updating new information based on existing knowledge. The Bayesian formula, i.e., ( P(A|B) = \frac{P(B|A)P(A)}{P(B)} ), provides a systematic method for updating beliefs. It calculates the posterior probability ( P(A|B) ) by combining prior probability ( P(A) ), likelihood function ( P(B|A) ), and evidence ( P(B) ), thereby processing uncertain information. For example, when we observe new evidence, the cognitive system adjusts beliefs about a certain event based on prior experience (prior). This updating mechanism is highly consistent with the decision-making process of humans when facing complex environments. For instance, doctors assess the likelihood of diseases based on symptoms and medical history, or in daily life, adjusting travel plans based on weather forecasts reflects Bayesian-style integration of new information.

On the Intrinsic Connection Between Institutions, Economic Cycles, and Personal Destiny
The rise and fall of a nation is often closely related to its institutional attitude towards merchants and commerce. Institutions, as the framework of social operation, directly affect resource allocation, incentive mechanisms, and innovative vitality. If a country adopts an open and inclusive attitude towards business, encouraging entrepreneurship and market competition, it can stimulate economic vitality and promote social prosperity. Conversely, if institutions suppress the spirit of business, excessively intervene in the market, or lack a fair competitive environment, it may lead to economic stagnation or even national decline. Merchants, as the main actors in economic activity, possess innovation and risk-taking spirit, which are the core driving forces for social progress, while the institutional attitude determines the extent to which this force is released.

On the Misleading Nature of the Concept of 'Stablecoins' and the Exploitation of Human Weaknesses
In the contemporary financial field, 'stablecoins' as an emerging term frequently appear in discussions of cryptocurrencies and blockchain technology. However, the concept of 'stablecoins' is not merely a technical term but has been endowed with multiple meanings, which can easily lead to misunderstandings. Some believe that currencies that depreciate steadily are equivalent to stablecoins; others equate steadily appreciating currencies, such as (BTC), with stablecoins. However, true stablecoins are designed to maintain a peg to a certain asset (like the US dollar), pursuing price stability rather than appreciation or depreciation. This conceptual confusion precisely reflects humanity's pursuit of stability and aversion to risk, and this psychological weakness is often exploited through the ambiguity of language, leading to 'cognitive deception.'

Only three things in life
Life is short, and time is limited. How can we live meaningfully within this finite existence? Some say that life should focus on three things: making money, enhancing cognition, and raising offspring. These three not only encompass personal survival and development, but also carry the weight of legacy and responsibility, forming the core of a fulfilling life.
First, making money is the foundation of survival and the prerequisite for achieving other goals. Whether pursuing dreams or ensuring family life, a solid economic foundation is indispensable. Making money is not just a means of livelihood but also a test of personal ability. Through hard work, learning skills, and seizing opportunities, we can not only improve our quality of life but also create more possibilities for self-improvement and family futures. However, making money should not become the sole pursuit of life; it is a tool, not an endpoint.

Abstract
Currency issuance is the core of the global economic system, monopolized by central banks and governments, leading to exacerbated wealth distribution inequality. Ordinary people find it difficult to participate in currency issuance, and capital markets do not provide direct opportunities, systematically amplifying the wealth gap. Decentralized digital currencies like Bitcoin (BTC) and Dash challenge the barriers of the traditional financial system by first granting ordinary people the possibility to participate in 'currency creation' through blockchain technology. Dash, in particular, ensures payment security through its innovative characteristics (such as InstantSend, PrivateSend, and ChainLocks), further promoting financial inclusion. This article analyzes the mechanisms of currency issuance, structural inequalities in wealth distribution, and how Bitcoin and Dash, through technological innovation and social impact, break this pattern while exploring the potential of DeFi, the influence of the regulatory environment, and the mechanisms of payment security assurance.

Currency issuance, as the core mechanism of the global economic system, is key to the creation and distribution of wealth. Groups or individuals who control currency issuance, such as central banks, governments, or international financial institutions, directly influence economic operations, price levels, and the flow of wealth by formulating monetary policy and adjusting the money supply. Currency issuers can not only determine the total amount of currency and its circulation speed but can also shape the market environment through quantitative easing or tightening policies during economic fluctuations. This power grants issuers unparalleled economic influence, making them the pinnacle of wealth accumulation. However, ordinary individuals or investors can hardly participate directly in the currency issuance process, and the stock market or capital market is also unlikely to provide investment channels directly related to currency issuance. This mechanism design profoundly reveals the unequal nature of wealth distribution.

The groundbreaking impact of currency issuance and wealth distribution by Bitcoin
Currency issuance, as the core mechanism of the global economic system, has long been controlled by central banks, governments, or international financial institutions. These entities shape wealth distribution patterns directly by regulating the money supply, interest rates, and economic policies. The centralization of the right to issue currency makes it difficult for ordinary people to participate, and stock markets or capital markets cannot provide direct access to the core of currency issuance. This structural design leads to wealth concentration among a minority, systematically amplifying the wealth gap. As some viewpoints suggest, poverty is, to some extent, a result of the 'design' of the economic system; if ordinary people wish to improve their lives, they must strive to get closer to the fields related to currency issuance, such as finance, policy, or high-end investments, to gain opportunities nearer to the source of wealth. However, high thresholds and fierce competition further restrict upward mobility for ordinary people, solidifying social class inequalities.