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Bitcoin, blockchain has developed for so many years! Is its biggest application just consensus?
1. It is a "product of consensus," not a "product of material"
* Gold/Copper: Holding it in your hand feels heavy, and industrial production depends on it. Even if the world is in chaos, it can still be used for jewelry, wires, and chips. This is the underlying value brought by physical properties.
* Bitcoin: Its value is entirely based on the algorithmic consensus of "I believe it is worth money, and you also believe it is worth money." Once market sentiment shifts and people start pursuing "tang

🔥 Blue Bird will have a flash gathering in Beijing, just finished this afternoon, still wanting more! Today’s small-scale offline meetup, I initially thought it would just be casual chatting, but as soon as I sat down, I couldn’t stop. The “one look and you understand” feeling in the Web3 circle is so real — no need to explain backgrounds, no need for preamble, diving straight into the deep water, sparks flying from the clash of ideas. Everyone shared stories that were particularly powerful: an older brother talked about how he touched BTC in 2010 but missed the train because he decided to wa

🔥 Blue Bird will host a flash meetup in Beijing,
Just finished this afternoon, still wanting more! Today’s small-scale offline gathering was supposed to be just casual chatting, but as soon as we sat down, we couldn’t stop. The “one look and you get it” feeling in the Web3 circle is so real — no need to explain backgrounds, no need for preamble, we dive straight into the deep water,
Spark after spark of ideas collided. Everyone shared stories that were incredibly powerful: an older brother mentioned he touched BTC back in 2010 but missed the train because he decided to “wait and see,” his ton

Beijing has really changed!
7 years ago! Our company was working near China World Trade Center!
We often had lunch at the food court inside the building.
Back then, it was crowded with people.
Today, I came here for a gathering! Passing by around noon, so I came in for a quick meal!
It's quite sparse! Basically no one around!
What’s going on with Beijing!
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But from the people around me, I can tell! The friends I knew in Beijing 7-8 years ago, very few are still in Beijing!

The kill zone in the US is too terrifying.
Does China have a kill zone?

Dot estimates are probably only known to those who got in early! It has dropped over 20 times! And it still has a market cap of 2.8 billion USD! Can you imagine that?

What proportion of precious metals are actually used inside NVIDIA server racks, and which metals are used the most?
Silver sintering technology is indeed used in high-end power devices and some advanced packaging: it is used for die attach, replacing traditional soldering, providing better heat dissipation and reliability. Mainly applied in SiC/GaN power modules, electric vehicle inverters, high-temperature electronics, etc.
However, in NVIDIA's AI GPUs (such as H100, Blackwell GB200 series):
The amount of silver used is very minimal, mainly in silver sintering paste, for internal chip or mod

Is the yellow broadcasting on Kuaishou seriously underestimated or overestimated?!!!
Let me analyze it slowly for you.
Very sharp market insights. In the AI circle, comparing "Keling" with "Sora", as well as anchoring the valuations of "Kuaishou" and "OpenAI", is indeed one of the hottest topics in the investment community right now.
By the end of December 2025, we can examine the gap between the two and Kuaishou's valuation logic from the following dimensions:
1. What is Sora's current valuation?
First of all, it should be clear that Sora does not have an independent valuation; it is

New Global Liquidity Landscape
1. Core Situation: The World Enters the Era of "Great Liquidity" 2.0
The global narrow money supply (M1) is currently at a historic turning point. With the continuous "water release" from the two major engines, China and the United States, global monetary expansion is not just a numerical increase, but a systematic dilution of currency purchasing power.
* Global total: Set a historical record of 45 trillion dollars, meaning that the "liquidity" within the global financial system has reached an unprecedented thickness.
* China Engine: China's M1 supply has r