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Just my thoughts #0618

‘Virtual’ means that it does not exist, but it is assumed to exist. So, ‘virtual currency’ is regarded as a non-existent entity, and the act of trading virtual currency is considered a bubble. However, virtual currency exists as an electromagnetic combination, that is, ‘bits (bytes)’ among the constituent elements of matter, and this bit exists on an atom. It exists in a different form, not non-existent. Therefore, it is real, not virtual. Most of the legendary investors have overlooked this point. Ultimately, the bit depends on the atom. As long as the atom doesn’t die, the bits just exist together. - Joseph’s “just my thoughts”

Just my thoughts #0059

Here a product is being made by only three countries, South Korea, China, and Japan. It's not a semiconductor but a nail clipper. You might think that a nail clipper is not a big deal, but it's not as simple as that. Nail clippers are a combination of all sorts of advanced technologies. In the 1980s, South Korea could produce submarines and battleships, but they did not  possess  the technology to produce nail clippers. When the upper and lower teeth are in mesh, the chink must be 0.1 to 0.2 millimeters. When perfect engagement, the nail is not cut properly on the contrary, the outrange of this tolerance, is cut out coarsely. Today, thanks to technological advances, South Korea has been able to narrow this chink to between 0.05 and 0.08 millimeters. South Korea, to achieve this goal, produces a special steel called "15CM" through POSCO which is specially made for this nail clipper. Many different advanced technologies are combined in this tiny nail clipper. Don't ...