01. The essence of easy money is 'credit premium'
• The value of credit: Tether (the issuer of USDT) earns hundreds of billions of RMB annually through credit endorsement; asset management giants like Grayscale and BlackRock charge high management fees by leveraging trust relationships.
• Trust as a moat: Successful enterprises and institutions gain market recognition and premiums through long-term accumulated trust, such as banks and Moutai.
02. Qualifications are scarcer than abilities
• The importance of industry barriers: Early Bitcoin miners accumulated computing power advantages through intense competition, making it difficult for later entrants to enter.
• The value of trust capital: Successful individuals like Sun Ge and CZ have gained industry recognition and resources based on years of accumulated credibility.
03. Grasping industry standards and trends
• Becoming the industry standard: Through intense early competition, later gaining monopolistic returns. For example, early miners mortgaged properties to buy mining machines, but now can achieve 'easy earnings'.
• Betting on the right trend: The Solana team burned money madly at the end of the bull market; although they were criticized as a 'Ponzi scheme', they secured hundredfold returns before the DeFi explosion.
• Key execution points:
• Direction is more important than effort: Choosing emerging tracks is more valuable than competing in a red ocean.
• Accepting periodic failures: Musk's rocket launches failed multiple times, but each failure accumulated data for success.
04. The reasons why most people become fodder
• Cognitive traps:
1. 'Working two extra hours a day = earning an extra 20,000 a year' (Truth: On the right track, long-term accumulation can yield huge returns).
2. 'High risk = high return' (Truth: The real easy money is 'low perceived risk + high certainty returns').
3. 'Making big money relies on luck' (Truth: Behind sudden wealth is a profound understanding of industry rules and the courage to lead).
05. The terrifying mindset of the poor
• Changing mindset:
• Don't be angry at others' success, but learn the reasons behind their success.
• The way out for ordinary people: Achieve excellence in your own field and build a professional barrier; maintain sensitivity to emerging tracks.
• Core viewpoint: This world has never had 'fair competition', but always rewards those who see the rules clearer and earlier than others.
06. How smart people 'evolve'
• Avoiding ineffective competition: Don't treat 'competing' as a goal, but rather enhance the value of time spent.
• Key points:
• Cognitive iteration is more important than mechanical labor.
• Skill compounding is more important than short-term income.
• Health and family are more important than KPIs.
• Core viewpoint: Money is a tool to solve problems, not the purpose of life. Becoming an industry standard or trend creator through long-term accumulation, easy money is just a byproduct.
