DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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Ever played with dominoes?
No, not the gambling game in the casino.
I’m talking about the simple game where you just line up small chips and watch them all fall down one after the other, with a flick of a finger.
The best part of it is that you can make it as simple or as elaborate as you want.
And when you are done stacking them neatly and patiently, all you need is one tiny flick to trigger the chain reaction.
Go youtube it.
There are some really fascinatingly complex ones that will keep you occupied for hours.
Anyways.
Cryptoland is like a bunch of dominoes stacked haphazardly one on top of the other.
Similarly, all it takes is one to fall, and the rest will inevitably crumble right after.
Don’t you feel that is how everything in crypto seems to be?
Contagion.
Collapse.
Waterfall.
Those are terms you use when one thing explodes based largely on the explosion or implosion on something else.
Lets’ see shall we?
Luna/Terra collapsed, BTC prices plunged, ETH went down, dragging down nearly ALL cryptocurrencies, 3AC went under too, followed by Voyager, BlockFi, Celsius, FTX and now Genesis.
“Genesis went from being one of the biggest crypto lenders to losing big when hedge fund Three Arrows Capital (3AC) went under. It then lost even more moolah in a liquidity crunch when FTX imploded, was forced to pause withdrawals in November, and now it’s filed for Chapter 11.”
Wait, I thought the whole point of Web3 and crypto is to be decentralised?
To own your own coins, have self-custody, power to the people, independency, to not trust others, but verify?
Why does it seem like everyone is so freaking dependent and entirely reliant on each other?
Voyager went down and blamed Luna.
3AC blamed Luna.
BlockFi blamed Luna.
Even the latest one, Genesis, more than a year after Luna died, still blamed Luna.
FTX was just defrauding and cheating customers’ funds, and they blamed Luna too.
Perhaps the damage that Do Kwon did was just that big.
Everyone was so dependent on Luna when the bull market was in full swing.
And when it took a dive, it literally brought everyone down too.
Some managed to cover up for a while and throw smoke screens, but eventually, it came back to bite them all.
So the big question is:
Is Binance next?
They are the biggest boy on the block.
Top of the food chain.
Apex Alpha King amongst peasants in crypto.
They had $7.7 trillion in cryptocurrency trading volume in 2022.
That’s 54% of all spot exchanges trading volume worldwide.
But seeing how all of Binance’s peers have fallen, are they next to go down?
Mazars, the financial auditing firm, threw shades when they abandoned Binance and scrubbed them off their website.
Apparently, SBF said on twitter that all is fine, hours before declaring bankruptcy.
Do Kwon reassured the world that Terra is fine, till it imploded unceremoniously.
Genesis sent out shareholder letters to assure everything was alright, and now they are filing for bankruptcy.
Do you see a pattern there?
The feds and competitors are out for Binance’s blood.
Will they survive the onslaught?
Are they hiding skeletons in the basements?
Will they go down like dominoes too?
-
Will Binance be in trouble next?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #czbinance #cz #binance #NFT #profits #mazars #tvl #defi
Ever played with dominoes?
No, not the gambling game in the casino.
I’m talking about the simple game where you just line up small chips and watch them all fall down one after the other, with a flick of a finger.
The best part of it is that you can make it as simple or as elaborate as you want.
And when you are done stacking them neatly and patiently, all you need is one tiny flick to trigger the chain reaction.
Go youtube it.
There are some really fascinatingly complex ones that will keep you occupied for hours.
Anyways.
Cryptoland is like a bunch of dominoes stacked haphazardly one on top of the other.
Similarly, all it takes is one to fall, and the rest will inevitably crumble right after.
Don’t you feel that is how everything in crypto seems to be?
Contagion.
Collapse.
Waterfall.
Those are terms you use when one thing explodes based largely on the explosion or implosion on something else.
Lets’ see shall we?
Luna/Terra collapsed, BTC prices plunged, ETH went down, dragging down nearly ALL cryptocurrencies, 3AC went under too, followed by Voyager, BlockFi, Celsius, FTX and now Genesis.
“Genesis went from being one of the biggest crypto lenders to losing big when hedge fund Three Arrows Capital (3AC) went under. It then lost even more moolah in a liquidity crunch when FTX imploded, was forced to pause withdrawals in November, and now it’s filed for Chapter 11.”
Wait, I thought the whole point of Web3 and crypto is to be decentralised?
To own your own coins, have self-custody, power to the people, independency, to not trust others, but verify?
Why does it seem like everyone is so freaking dependent and entirely reliant on each other?
Voyager went down and blamed Luna.
3AC blamed Luna.
BlockFi blamed Luna.
Even the latest one, Genesis, more than a year after Luna died, still blamed Luna.
FTX was just defrauding and cheating customers’ funds, and they blamed Luna too.
Perhaps the damage that Do Kwon did was just that big.
Everyone was so dependent on Luna when the bull market was in full swing.
And when it took a dive, it literally brought everyone down too.
Some managed to cover up for a while and throw smoke screens, but eventually, it came back to bite them all.
So the big question is:
Is Binance next?
They are the biggest boy on the block.
Top of the food chain.
Apex Alpha King amongst peasants in crypto.
They had $7.7 trillion in cryptocurrency trading volume in 2022.
That’s 54% of all spot exchanges trading volume worldwide.
But seeing how all of Binance’s peers have fallen, are they next to go down?
Mazars, the financial auditing firm, threw shades when they abandoned Binance and scrubbed them off their website.
Apparently, SBF said on twitter that all is fine, hours before declaring bankruptcy.
Do Kwon reassured the world that Terra is fine, till it imploded unceremoniously.
Genesis sent out shareholder letters to assure everything was alright, and now they are filing for bankruptcy.
Do you see a pattern there?
The feds and competitors are out for Binance’s blood.
Will they survive the onslaught?
Are they hiding skeletons in the basements?
Will they go down like dominoes too?
-
Will Binance be in trouble next?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #czbinance #cz #binance #NFT #profits #mazars #tvl #defi
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