【每日阅读训练第四期——速度越障21系列】【21-11】经管

dorisxxy · 发表于 2013-7-14 05:50:17

Time1---2’13”
The passage questions financial industry’s trust issues and introduce bitcoin.
Time2---1’59
The passage reveals how bitcoin works and lists several benefits it has.
Time3---1’29”
The passage mentions trust issue about betcoin.
Time4---2’13”
The passage compares bitcoin with gold.(positive)
Article2---2’19”
The passage weakens the validity of bitcoin.
Obstacle---5’26”
The passage presents Raj Rajaratnam’s issue of insider trading.

鸢尾yuanwei · 发表于 2013-7-15 16:01:55

thx 小杀妹~~~~~~

Obstacle：5‘27

kimwang53 · 发表于 2013-7-17 09:51:10

2.33
2.27
1.52
2.34
2.17

bitxln · 发表于 2013-7-23 13:07:50

Time1: 2:44 [374]
People lose trust with the financial industry especially after the economy crisis in 2008. And this passage also states the definiation of bitcoin and how it works in the platform of phone, computer.

speculation:n. 投机；推测
crypto-currency:密码货币
legitimate:adj. 合法的；正当的
tamper:vi. 篡改；干预
tamper with:篡改；贿赂
tabletn. 碑；药片

Time2: 2:01 [321]
The bitcoin works like TCP/IP protocle to transimit in the internet. The usage of bitcoin is growing and affects more and more people and areas.

egyptian:adj. 埃及的；埃及人的

Time3: 1:33 [226]
People are lossing trust to the tranditional economic institute and bitcoin is getting more and more robust, even though we know it will induce some bad factors as well. Unites States doesn't support bitcoin however the usage in other countries is growing.

derivative:n. [化学] 衍生物，派生物
seize:vt. 抓住；夺取
terrorism:n. 恐怖主义；恐怖行动
slow:adj. 慢的；减速的
shutter:n. 快门；百叶窗
tacitly:adv. 肃静地
geopolitical:adj. 地理政治学的
ramification:n. 衍生物；分枝
boggling:vi. 犹豫，退缩

Time4: 2:09 [357]
Definitely, the usage of bitcoin need regulation. But people should try to use it and we can expect promising outcome from it.

guardrail:n. 护栏；栏杆
schmuck:笨人笨蛋

Time5: [Warm up]: 0:43 [101]

Time5: 2:15 [361]
People should be more skeptical about putting coin in the Winklevoss ETF. People should consider the following risks:1)Bitcoin may be illegal 2) People do not have enough experience to manage bitcoin 3)build up the trust 4)the price is not stable

outlaw:n. 歹徒；罪犯
rower:n. 桨手
contradiction:n. 矛盾；否认；反驳
volatile:adj. [化学] 挥发性的；不稳定的
manipulate:vt. 操纵；操作

Obstacle: 5:33 [802]
perpetrator:n. 犯罪者
wiretap:n. 窃听；窃听装置
informant:n. 被调查者；告密者
prosecutor:n. 检察官；公诉人
overwhelmingly:adv. 压倒性地
shady:adj. 成荫的；阴暗的；名声不好的
nuance:n. 细微差别
tailor-made:adj. 特制的；裁缝制的

People in US hate the people who get advantage in cheating. The author claims that the 2008 economy crisis was induced by shady practices.

avocadodo · 发表于 2013-7-25 13:07:29

2’59’’
How bitcoin came into being: in the depths of Financial crisis in 2008, since then ppl no longer trust financial services industry
Traits of Bitcoin:eletronic, peer to peer, unregulated, uncontrolled --> to make ppl fear or be the last part of financial industry

2’30’’
How bitcoin flow: like IP address of Internet in a orderly & predicable way
Widely used & new uses being created daily

1’50’’
Although Traditional financial services are not trusted bcz (list 3 reasons), Bitcoin also has its own drawbacks: it could be used as drug dealing, porn or financial terrorism. But As they also happen with traditional currencies, those can not be the reason to forbid bitcoin. And it is not possible to shut it down.

U.S. Government is anti-bitcoin, but other countries are in favor of it because it helps create a economic world that does not depend on U.S. Dollar as reserve currency.

2’38’’
The outlook of bitcoin: Gold 2.0 --> Reserve currency
Attitude of the author: Bitcoin is already superior to Gold. He advises ppl to allocate 1% of their assets to bitcoin in case of XXX & hopes that bitcoin will change the current financial industry in hand of centralized authorities.

2’51’’
Skepticism abt. Investment on bitcoin

[ob]
6’07’’
Main idea: Inside trading is bad, but could not account for the Financial crisis in 2008 & the banking system collapse which lead to massive unemployment in U.S.

Structure:
Sentence of Raj： but the vast majority of his money made for his clients & himself is perfectly legal.
Twist: then why prosecutors, spending millions of dollars, want to charge him？
--> a white-collar crime could satisfy the public’s demand for Wall Street Scalps.

elenaknight · 发表于 2015-1-22 09:48:30

1.Don’t trust others .use bitcoin -explain what is bitcoin
2.The advantages about bitcoin- compare with TCP/IP to show bitcoin is safe and useful. It has becoming more common.
3.people don’t trust wall street anymore. Bitcoin has disadvantages-laundry money-author said current currencies are doing the same thing. Then describe bitcoin’s adv and its popularity around the world.
4.some people say bitcoin is gold .but the author think it is more than gold worth. So he propagate people to invest into bitcoin and saying it is useful.-eg-like the red pill

5.W brothers want to get bitcoin mainstream. But there are disadvantages in it.
1.)Illegal
2.)Not experienced
3.)Trust issue
4.) The control and trace process is easy to manipulate
So we should reconsider about investing in bitcoin.
6..Raj was judged guilty when he actually made lot of his money legal. The reason for the gov to point on the hedge fund leaders is that the bank fraud are hard to catch and the gov has to accuse someone to take the crisis blame. And Raj got picked because the inside trading cases are sexy. Bharara made all this happened.

[阅读小分队] 【每日阅读训练第四期——速度越障21系列】【21-11】经管

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