Totoro TOC Blockchain Academy - Financial Truth and Core Values

Guidance: Financial refers to the issuance, circulation and withdrawal of currency, the issuance and withdrawal of loans, the deposit and withdrawal of deposits, and the exchange of exchanges and other economic activities.

What is the core value of finance?

Many people are asking this question. In fact, many people say that finance is a virtual industry, that is, exploitation of everyone. Hey, I said as a financial practitioner that I am really embarrassed. What does finance do? The core function of finance is to allocate resources. Its greatest role is to accumulate huge resources for a short period of time in the direction of human beings, and then to achieve something that was difficult to achieve, or to make things that can be achieved quickly.

Humans were originally handmade workshops that required a lifetime of accumulation, or even a few years of accumulation to do one thing. Afterwards, with the company, everyone put money into the company and it could be done in twenty or thirty decades.

Then there are stocks and bonds. Everyone can gather social funds to do big things. Modern factories and modern multinational corporations have come into being. The scale is very large, and huge human collaboration has been achieved on a centralized basis. So finance itself is to mobilize resources to drive synergy. What is the blockchain doing? The blockchain also does this, so the blockchain has the greatest relationship with finance.

Let me tell you a paragraph, what is the money for financial gain? Say the son of an investment banker asked him, what do you rely on to make money? The investment banker said that his son went to the refrigerator and brought the meat. He was obedient and used to bring the meat. Then he went back and put the meat back. He replied, obediently.

How did that make money?

What is your hand? Oil, this is right. Finance is just carrying assets and there is a layer of oil on the hands during the handling. At the beginning, if you are only 30% oil, you can, but with the seriousness of the centralization, finance can start to continue to possess the normal profits of other industries and become a dominating company. Therefore, real estate is the first of all industries, and finance is the first of all. .

With the increasing power of finance, the financial industry’s share of profits in the society is getting higher and higher, especially as the profits of China’s financial industry account for more than half of the total social profits.

To be honest, this is equivalent to not taking a piece of meat and sticking it back to oil. Instead, you take a piece of meat, cut it in half, and then put the rest back. This will lead to the shrinking of the industry. So one of the things the blockchain needs to do is to reduce the financial transaction costs and allow people to have cheaper funding sources.