RT Nick Szabo (@NickSzabo4)@8xyq36 @seanmdav The internet is giving the West a chance to forget about the ugly 20th century and have a new Renaissance. ...

Industry Perspective - The internet offers the West an opportunity to move past the 20th century's challenges and experience a new Renaissance [1]

RT Nick Szabo (@NickSzabo4)@8xyq36 @seanmdav The internet is giving the West a chance to forget about the ugly 20th century and have a new Renaissance. ...

User Engagement - Platform boasts over 650 million users [1] - Daily posts exceed 500 million [1] - Daily impressions surpass 100 billion [1] - Platform hosts over 400 thousand active communities [1] Market Position - News application ranks 1 in over 155 countries [1] - Total downloads have exceeded 2 billion [1] - Platform ranks as the 6th most visited website globally [1]

Satellite Constellation & Coverage - SpaceX 的 Starlink 星座计划正在改变全球连接，尤其为服务欠缺和偏远地区提供互联网服务 [1] - Starlink 通过 8811 颗在轨卫星（总发射量 10185 颗，运行中 7559 颗）提供服务 [1] - Starlink 今天从佛罗里达州发射了 29 颗卫星 [1] Target User - Starlink 是冒险家、研究人员以及任何想要摆脱拨号上网的人的福音 [2]

Internet Theories - The "dead internet theory" suggests a significant portion of the internet is not authentic [1] Key Individuals - Reddit co-founder Alexis Ohanian supports the "dead internet theory" [1] - Digg founder Kevin Rose was in conversation with Alexis Ohanian regarding the theory [1]

Censorship Concerns - The report highlights concerns regarding potential global censorship efforts [1] - It mentions a speech by Obama in 2022 advocating for sweeping Internet censorship [1] - A secret meeting hosted by Stanford Cyber Policy Center involving EU, UK, Brazil, & Australia officials is mentioned, allegedly plotting global censorship [1] Geopolitical Implications - The report suggests potential implications for the US due to the alleged global censorship plot [1]

Core Viewpoint - Xiaomi is expected to report a strong adjusted net profit growth of 60% YoY to RMB 10.01 billion for 3Q25, driven by smart EV momentum and stable IoT/internet growth [1] Smartphone Segment - Xiaomi's global shipments for 3Q25 are reported at 43.5 million units, a 1.8% YoY increase, maintaining a No.3 ranking with a market share of 13.6% [2] - The average selling price (ASP) is expected to decline slightly QoQ due to a higher mix from lower-ASP overseas markets and a decline in China shipments [2] - The company anticipates resilient gross profit margin (GPM) at 11% despite memory cost hikes, with expectations of shipment growth of 3%/7%/5% YoY for FY25-27E [2] Smart EV Segment - For the EV segment, 3Q25 deliveries are estimated at 109,000 units with a 5% QoQ increase in ASP, driven by SU7 deliveries [2] - The GPM for the EV segment is expected to slightly decline to 25% due to capacity constraints, but the EV business is projected to achieve break-even in 3Q25 [2] - For FY25E, the company expects 402,000 EV shipments supported by strong orders for YU7/Ultra models and capacity expansion [2] IoT/Internet Segment - Internet business revenue is estimated to grow by 8% YoY with a stable GPM of 75% in 3Q25E [3] - IoT business revenue is expected to increase by 5% YoY but decline by 29% QoQ, primarily due to market competition and the fading effect of subsidies in China [3]

Technology & Security - Focus on transitioning from HTTP to HTTPS for enhanced security [1] - Emphasis on achieving online invisibility and freedom [1] Cryptocurrency - Mentions "traceable internet gold," suggesting a discussion around cryptocurrency or digital assets [1]

Technological Disruption - The financial industry may struggle to comprehend emerging technologies like the internet, Bitcoin, or artificial intelligence, similar to how JP Morgan might have struggled to understand them 100 years ago [1]