How Tze 浩知

Stop looking at money as "paper." 💸 Start looking at it for what it truly is: The ultimate mechanism of trust. Before Bitcoin, money was the only way humanity could measure who to trust at scale. But here is the secret they don't teach in business school: Money is a tool of revelation. It strips away the masks. It reveals who someone is when the stakes are high. As Scott D. Clary says: "Your values only become real when they cost you something. The test comes when standing for something means losing something." This is the foundation of the Talent Syndrome : High-tier talent moves to where they feel valued. Compensation is the loudest signal of that value. Money reveals priorities. Where money speaks, credibility follows. 🚩 If the pay doesn't match the praise, the praise is a lie.  🚩 If the budget doesn't match the "priority," it’s not a priority. In the old world, companies hid behind heavy assets—buildings, machinery, and massive overhea...

 

Had an interesting catch up with a friend. He asked me what is my key points when sharing about Bitcoin, I told him: There is a very thin fine line between investing, speculating, and gambling. For anything money-related here, be it to invest, to speculate, or to gamble, do not use your: Survival money - money you use for daily survival (specifically food and necessities for a living). Reserved money - your safety net to get by at least 3 to 9 months should any accidental incident or scenarios happen. Borrowed-money - debt is a double-edged sword. Never ever be over-optimism and use borrowed-money for investing, speculation and gambling. Big no no. And to date, the best content I have when it comes to Blockchain, Bitcoin, and Money related content, I would still be referring to my very early days documents, shared below: Blockchain, Bitcoin, Money by Koh How Tze (Presentation File) blockchain-bitcoin-money from Koh How Tze Blockchain, Bitcoin, Money by Koh How Tze (Transcript) mblbc-ov...

Anyone forging it would be punished with death. That point was deeply relevant. The problem with many new forms of money is that people are reluctant to adopt them. Genghis Khan’s grandson didn’t have that difficulty. He took measures to insure the authenticity of his currency, and if you didn’t use it—if you wouldn’t accept it in payment, or preferred to use gold or silver or copper or iron bars or pearls or salt or coins or any of the older forms of payment prevalent in China—he would have you killed. This solved the question of uptake. The instruments of trade and finance are inventions, in the same way that creations of art and discoveries of science are inventions—products of the human imagination. Paper money, backed by the authority of the state, was an astonishing innovation, one that reshaped the world. It’s only at moments when the system buckles that we start to wonder why these things are worth what they seem to be worth. Bitcoin, a new form of money based on no...

Presented at the Singularity University's Innovation Partnership Program (IPP), this is an entry level talk about bitcoin by Andreas Antonopoulos the ability to see behind the illusion of what people thought bitcoin was it isn't appear to be as it is at first glance. a platform of trust concept of decentralization applied to the human communication of value from institutional based money to network based money not money for internet but the internet of money on the verge of a new transformation of money we are on the verge of creating the first completely global completely borderless completely decentralized and completely open form of money one where you can build applications because this money is programmable and you don't need to ask anyone's permission to launch an application anymore than you need to ask permission to launch an application on the internet. and the only requirement to have a successful application on the internet of money is t...

How do you define money? We all use money in our daily life. But, do we really understand how money was created and how does the whole financial system works? For most of the people, it is just part of the life and as long as it is functioning as it supposed to be, who cares? What is money? How does it work? Get to know further about Currency Fiat Money Cryptocurrency in Block Chain Insider

Two interesting yet somehow related news: 1. Innovative sukuk offering - The global offering - the first to be structured on wakala principles - has set many milestones 2. Greek bailout Mark II - it's a default It's about the whole "Euro-PIIGS" crisis (that's Portugal, Ireland, Italy, Greece and Spain, for those you who were on vacation for the past 18-months or so), and note the difference in "interest rate" for the "borrowings" below: On one hand, The sukuk, which was assigned a credit rating of A- by Standard & Poor’s and A3 by Moody’s, was offered in two tranches with the five-year US$1.2bil (RM3.6bil) paper priced at 2.991%, and the 10-year US$0.8bil (RM2.5bil) at 4.646%. On the other hand, The situation in Italy is serious. At US$262bil, total sovereign claims by international banks on Italy exceeded their combined sovereign exposures to Greece, Ireland, Portugal and Spain, which totalled US$226bil...the yield o...

This is what most people refer to as "inflation." For instance, let's say you have $100,000 in the bank. At 9.6%, which many folks believe to be the real rate of inflation...here's what your money would look like over time: Value of $100,000 After the Effects of 9.6% Inflation per Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 $91,241 $83,249 $75,957 $69,304 $63,234 $57,695 $52,641 $48,030 $43,823 $39,985 After a decade of 9.6% inflation, you'd be left with $39,985. A $60,000 loss, just by doing nothing! With inflation, the Government is stealing money from your bank account! But really, the way it works out is that instead of dipping into your bank account and taking money, your money gets stolen in other ways... Food, energy, water... consumer goods... You see, with each new dollar that's created out of thin air being worth less, producers have ...

一般人都被洗脑，总以为有钱就拥有“财富”，但事实上，钱只是一个抽象的概念，甚至 从资本主义的角度来说，钱只是一种流动资产，不等于全部的财富。 我们常常会听到：“物价目前面临上涨的压力。”但却从没有听过：“物价面临下跌的趋势。” 而且日常生活也很少听到有人说：“最近的东西变便宜了！”只会说：“东西变贵了！” 拥有钱的人，不等于他拥有很多财富，只能说他拥有很多交换的能力。 耐久财指的是不容易耗损，而且是可以长期使用的商品，还是至少可以用三年以上的商品，但是钱没有这些特性，钱的价值往往波动无常。 所以要脱离资本主义的洗脑和诡计操控，就要先了解，你拥有的到底是钱还是财富？ 拥有资产高增值力，才是真的大富翁 有钱人最聪明的一点就是他不会持有很多钞票，有钱人甚至担心手上握有太多的现金、钞票，所以他们会时时刻刻守住把钞票变成资产的法则，而这种法则其实就是能成为富翁的真正观念。 钞票不等于资产，钞票只是一种在资本主义下，大富翁所拥有的工具，因为钞票只是一种符号表现，它可以让拥有者知道当前可以用钞票来兑换哪些具对等性的服务或商品，但是钞票却不能让持有者增值，或带来更多的资源，所以钞票根本不能算得上是资产。 如果再把这理论扩大到一万倍或一百万倍，那么钞票和资产间的差距就会愈来愈大。 钞票和资产间的差距 举例来说，当我身上有一百块钱，以及用一百块钱的钞票所买下的一百元股票，股票是资产，当这两个金额都是一百块时，感觉不出其中的杀伤力或差距。 但如果把价值放大到一万倍，也就是拥有一百万元钞票和一百万元的股票，那差别可就大了。 因为钞票每天都在贬值，这个月的价值绝对会比下个月的价值来得高，但这个月一百万元的股票，可能下个月股价涨了，或是配息了，这一捆的股票平均以百分之五的力道在成长，就会让钞票和股票间的差距扩大。 但如果到一百万倍的话，就会有一亿的钞票和一亿的股票，钞票还是持续不断地在贬值，但股票若以百分之五的速度做增值，这样一来，差距就差到了五百万，只要金额一放大，两者之间的差距就愈来愈扩大。 ---------------------- 如果你要知道 什么是钱 ，你一定要学习一些 关于钱，你不能不懂的基本知识 ，知道 钱的流通 在经济中扮演的角色，看过、了解并实习诸如 管道的故事 所能够带给你的财务与时间自由！ 相关链接： 什...

Neo, sooner or later you're going to realize, just as I did, that there's a difference between knowing the path and walking the path. ~ Morpheus, The Matrix It's no secret that the U.S. dollar — or Federal Reserve Note — is the world's reserve currency. It's been that way since 1944, when the dollar was backed by gold... A time when the United States held more than 50% of the world's gold reserves. A time when the U.S. produced more than 55% of the entire world's manufactured goods. Of course, times have changed... Since 1971, our dollar hasn't been backed by anything other than the fact that it is the world's reserve currency. Today (2011), we only produce 27% of the world's manufactured goods. America also holds less than 25% of the world's gold reserves. And on September 30th, 2011, our national debt will exceed more than 102% of our GDP. USD As World Reserve Currency And Inflation An auto manufacturer in Korea importing ...

The new normal feels anything but normal. Yet, all around us the rules are changing - about how we make a living, how we care for our loved ones and how we can survive and thrive in these interesting times. In the book The Day After The Dollar Crash, you'll find some of Damon's ideas about how to get on the right side of the New World Order that is on the horizon. You'll find: Where to focus for personal growth Suistainable and socially responsible investments moving forward How to profit from the coming social changes It's not just about a falling dollar , or simply inflation and currency devaluation , but a new world order. The Flying McCoy comics below somehow made me connect them up with the above mentioned situation. They may be funny, but I hope you get the message behind. Colonel is Watching... Sorry, it's not that we can't put you back together... it's that the King's Health Care Plan doesn't cover it! Here's a "fi...

A comparison of redemption points between blue B card and platinum C card. Type B Card (Points) C Card (Points) KFC / Pizza Hut RM 50 Voucher 5,600 13,000 Nando RM 40 Voucher 4,000 8,000 Haagan Dazs RM 50 Voucher 5,100 Coffee Bean RM 50 Voucher 5,400 12,000 Tai Thong RM 50 Voucher 4,800 9,000 TGV 2 pcs 2,900 The redemption of vouchers for groceries purchase may give you some "phantom" or "additional" cash flow. Related: 金钱小贴士

As I believe that everyone should be rich in our country, unlike in Congo where all the diamonds are owned by one person, the purpose of my written experiences is to encourage the young and the old to participate in the art of business, given the will and the motivation. But, it must be remembered that only a small percentage will succeed. ~ Chan Chin Cheung A better strategy to make money and one that an entrepreneur can exercise better control over involves the age-old concept of coming out with a smart idea, support it with passion, focus and relentless hard work. Access your business model critically so that it can withstand the test of time, change of human tastes and/or regulatory regime. Build the business on sound financial and business footing. Embrace the concept that "There is no free lunch in this world" - make sure the business is "productive" i.e. it produces goods or services that are needed by the society, profits will then follow. ~ Daim Zainuddi...

从历史上看，玩纸币必然经历三个阶段：玩实力，玩信心，玩赖皮！ 当帝国过渡扩张力不能及时，财力日渐短拙，则必须玩 10 个瓶子 5 个盖的“杂技”，纸币无法完全兑现商品，通货开始膨胀，此时就进入玩信心的阶段。等到帝国财富已被淘空只剩下一副空架子时，纸币丧失了公信力，恶性通胀发作，此时帝国就只有玩赖皮了。 国际银行家们最关心的就是所谓对美元的信心问题。他们发明了一整套经济学“黑话”体系来修饰问题的本质，诸如“通货膨胀预期”、“量化宽松的货币政策”、“资产再通胀”等。其实用老百姓一看就懂的话就是，美元“毛了”。( 什么是钱？ ) 2008年，发源于美国的全球金融危机，标志着美元进入了第三个阶段--玩赖皮！重要特点是美国要赖账，使用的手段便是逼迫其他国家货币大幅升值，美其名曰“全球经济再平衡”，指责他国“操纵汇率”。( Malaysian Gold Dinar Initiative ) 其中更有意思的就是格林斯潘等人讨论的放手让黄金价格暴涨， 让美元大幅贬值，从而“抵消”美国的负债压力 。 他们早就明白黄金的真实价值，那就是黄金才是“诚实的货币”，因其童叟无欺，货真价实，所以在货币体系中承担着“最终的支付手段”。但他们却在世界范围内对其他国家大肆推行“黄金无用论”，对学术界进行系统和长期的“洗脑”，对人民和市场玩弄“强势美元”的文字游戏，从而达到将“美元购买力稳定的理念（深植于）人们的脑海里”的目的。 当市场上黄金白银充当着最诚实、最公正的货币时，银行家们想要作弊将是非常困难的。 金融大鳄一旦疯狂，其野心和胃口将极度膨胀，使全人类跟着遭殃。银行家们能够以花样百出的“行业黑话”来愚弄世界人民，随心所欲地控制货币发行量，周期性地制造各种各样的泡沫和经济危机，通过货币战争搞垮各国金融，并在全球经济的废墟之上，重新构建由极少数人控制的世界统一货币新体系，最终通过控制世界来奴役全人类。( 帝国主义, 粮食危机 ) 国民党退往台湾，当年的约翰劳逃出巴黎，当下被逼下台的埃及总统，他们带走的不是印刷精美的纸币，而是沉甸甸的黄金和白银！ 用黄金暴涨来平衡美元负债，将是最后的疯狂之举。注意： 美元的结局：有控制的归零 （美元崩溃决不意味着美国崩溃）

伟大的思想家与众不同的一个重要特点，就是对常人司空见惯和熟视无睹的重要事物有着特殊的敏感和深刻的思考。“苹果落地"这个人们千百年来毫不在意的平常得不能再平常的现象，在牛顿的头脑中却激发了对万有引力的大彻大悟。“时间”这个普通得不能再普通的概念，在爱因斯坦的心中却回味无穷，最终导致了相对论的诞生。 千百年来，人们生活在金钱社会之中，为挣钱而忙碌一世的芸芸众生们，有多少人能静下心来认认真真、深入细致地思考一下，究竟什么是“钱”？ 经典意义上的钱的概念是相当清楚的。财富的实质就是人们通过劳动所创造出来的各类商品。货币则代表着对这些劳动成果的“索取权”。 任何货币，一旦脱离货币的商品属性这一铁律，最终都难逃不断贬值的下场。 黄金和白银所代表的“经典意义的钱”，就是货币追求的最高境界。 财政赤字的货币化，无论是古代稀释货币的含金量，还是现代的货币“量化宽松”，正是产生通货膨胀的根源。 Related Readings : The End of An Empire - The Roman Empire collapsed when it began shaving the edges of gold and silver coins and mixing them with cheap base metals such as copper. 以债务为抵押的信用货币，其本质就是一张欠条，它不能保证未来真的就能百分百地兑换到原先的价值。 因为它是欠条，如果别人赖账，欠条就成了白条。 当人们已经逐渐忘记了黄金白银才是千百年来最可信赖的真钱时，常把信用货币这种欠条与钱这两个概念混为一谈，以为这种欠条就是钱。 如果挣钱就是挣这种欠条，存钱就是存这种欠条，在欠条不违约时，它就有完全价值，在欠条部分违约时，它就只有部分价值，在欠条完全违约时，它就一文不值！ 纯粹纸币的试验初期往往获得惊人的良好效果，但最终这些纸币都贬回它们的原始价值，那就是纸张的成本！ 纯粹纸币的制度就其本质而言，就是测试人类贪婪本性的试验。无论货币发行权掌握在政府还是私人之手，也不管执行货币政策的国家是什么样的社会制度，这些并不能改变问题的本质，那就是人性中的贪婪究竟值不值得信赖！ 这就是我们在人类文明史上，从来找不到任何一种能够保值的纸币的根源。 如果人类贪...

一般人对信用卡有恐惧，因为之前刷暴卡，财务规划不好导致浪费很多时间清理卡债。 哪里跌倒哪里爬起来。只要财务上自律并运用妥当，信用卡是一个很好的金钱工具。 拿一个去油站添油的日常消费动作为例： 一个同时使用信用卡、会员卡（或忠诚卡）的消费者，可获得4个其他好处： 1。信用卡积分 2。消费记录 （信用卡月结单） 3。会员卡（或忠诚卡）Loyalty Cards - 信用卡以外的卡积分 (如 Shell 的 Bonuslink, 或 Esso 的 EssoMobil） 4。精明准时的还款记录，方便你未来与银行的其他贷款 (credit scores) 同样一个打油的小动作，就可以让你“挤出”更多“钱”（积分可换取日用品或其他物品），比他人多出 4 种效益！ Paying attention to few things that most men ignored made a few men rich. ~ Henry Ford 当然，信用卡的 Auto Debit 还可以让你每个月省下不少车油与时间去偿付水电费及其他一切帐单，腾出的时间可以从事更有效益的工作！ Related: About Money and Wealth 关于钱，你不能不懂的基本知识

1. Invest for Cash Flow. Capital gain / appreciation is a bonus. 2. Assets and Liabilities Assets put money into your pocket. Liabilities take money out of your pocket. 3. The Goose That Lays the Golden Eggs IF you trade your hours for money, YOU are the Golden Goose! Instead of working for money, create multiple streams of passive income , raise a pool of geese that lay the golden eggs for your freedom! 4. The 4 Financial Forces Taxes,debt,inflation, and not needing a retirement plan can make you richer if you use different rules of money. Related: 关于钱，你不能不懂的基本知识 Gold and Silver Why insurance is important?

@18/2/2011, MYR Gold 1gram Sell - 138.74, Buy - 133.39 GML Gold Coin 1 oz - 3,955 1/2 oz - 1,970 1/4 oz - 980 1/10 oz - 388 1/20 oz - 189 Minimum initial purchase - 20g Min subsequent purchase and sell - 5g and thereafter in multiple of 1g Min gold balance to be maintained in GIA - 2g Min qty of physical gold withdrawal - 50g in form of gold bars in denomination of 50g & 100g Subject to a max waiting period of 30 business day. Related: Why Silver will Always Beat Gold Public Bank Posts RM3.05b Net Profit for FY10

If you’re like most Americans today, you’ve grown tired of hearing words like "inflation", "national debt", and "credit crisis". For years now, it’s been hammered into your brain — the fact that your government has been writing checks it can’t cash, and in the process, diluting every cent you’ve managed to store away in your savings account. And for almost as long, you’ve probably been hearing financial advisors and so-called economic gurus telling you about how certain investments can protect you during these times of uncertainty. Without a doubt, recent historical rises in gold prices have gotten your attention; made you think. Maybe you’ve even started to view the jewelry in your house more as currency than personal possessions. Perhaps you’ve even thought about buying some gold yourself… Turn some of those depreciating dollars into stable wealth by locking in at a good price. Well, let me stop you right there. Although gold is historically the most pro...

这是炎热小镇慵懒的一天。 太阳高挂，街道无人，时机歹歹，每个人都债台高筑，靠信用度日。 这天，从外地来了一位有钱的旅客，正开车通过镇上。 他在一家汽车旅馆前停车，进去后，拿出一张1000 元钞票放在柜台，说他想先看看楼上的房间，挑一间合适的过夜。 就在该名先生上楼的时候，店主抓了这张1000 元钞，跑到隔壁屠户那里付了他欠的钱。屠夫有了1000 元，横过马路付清了欠猪农的钱。猪农拿了1000 元，奔向饲料和燃料供应商，也付清了他欠的钱。那个在农会做事的老兄，拿到1000 元，赶忙去付清他召妓的钱（经济不景气的时候，当地的服务业也不得不提供信用服务）。有了1000 元，这名妓女冲到旅馆付了她所欠的房间钱。 旅馆店主把这1000 元放到柜台上，以免旅客下楼时起疑。 此时这位旅客下楼来，拿起1000 元钞票，声称客房没一间满意的，他把钱收回，塞进口袋，走了。 这一天，表面看起来，没有人生产了什么东西，也没有人得到任何东西。 但是现在全镇的债务都清了，而且以更乐观的态度面对未来。 各位女士先生们，钱就是要这样流通。妙吧! （转自互联网）