Let me share a paragraph first

Reporter: Jack Ma has launched an unmanned supermarket. What do you think?

Auntie: What? There's no one in the supermarket, so why isn't it closed?

Reporter: Auntie, an unmanned supermarket doesn’t mean there are no people, it means there are no salespersons, cashiers and other employees in the supermarket.

Auntie: That should be called a staffless supermarket! Hey, with your level of Chinese, you still want to be a reporter?

Reporter: Yes, you are right, it should be called a staffless supermarket. Auntie, what do you think of this new type of supermarket?

Aunt: Supermarkets no longer need to employ employees, so won’t things be cheaper?

Reporter: This? We haven’t found out yet.

Auntie: Look at how you journalists are doing your job? You don't understand the issues that the people care about the most. You only care about what Jack Ma is doing all day long. What do we ordinary people care about the most? Are there fakes? Is it cheaper? Is there an employee in the supermarket? What does it have to do with me?

Reporter: Don’t you think the introduction of unmanned supermarkets will change our traditional way of shopping?

Auntie: What's changed? You don't have to spend money to buy things? You still have to spend money to pay with Alipay!

Reporter: Auntie, it seems that you still cannot understand the development trend of the times.

Auntie: Oh, is it the trend of the times to have a supermarket without employees? What's the point of making things that are specially tailored to the bottom employees every day? If you have the ability, why not have a supermarket without a boss? Or how about having a government without civil servants?

Reporter: Auntie, do you have any opinion about Jack Ma?

Auntie: I don’t have a problem with Jack Ma, I have a problem with boring reporters like you, who never ask questions to the point. Jack Ma has changed our lives, but we don’t just want changes, we want changes that bring happiness. Now many changes not only fail to increase our happiness, but also add a lot of troubles! This is what you reporters should pay attention to.

Reporter: I feel dizzy!

The same is true for Bitcoin, whether it rises to five million US dollars per coin or falls to zero.

Are there any changes in people's lives regarding happiness?

Bitcoin speculation can make you rich or ruin you, but it is essentially a zero-sum game. It does not create wealth but merely transfers wealth, and in the process of transfer, it also generates huge amounts of energy consumption.

Friends who want to comment, you may wish to refer to a few of my views first:

  • Compared with the huge role of legal currency as a trading tool, Bitcoin is more of a tool for storing wealth.

  • As a store of wealth itself, Bitcoin certainly has its value.

  • Bitcoin’s “market value” does not come from its role as a store of wealth itself, but is mostly the result of external wealth being transferred to Bitcoin.

  • Wealth comes from transfer, which is what I called a "zero-sum game" above.

  • In the process of transferring or redistributing huge amounts of wealth, there are naturally countless opportunities to "possess" wealth.

  • The possession of wealth by an individual in the process of social wealth transfer/redistribution is completely different from the creation of new wealth in the overall economy.


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