xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
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People wonder what regulations? You are right. The government kept urgently thinking about regulations and they just cannot come up with something on their minds because crypto is a very new technology that they have never been able to capture and use the existing regulations to help regulations progress. So what regulations then?
TL;DR
It will likely take years for regulators to come up with regulations. However, recently crypto rushes have made them rethink their existing positions. However, there will be the uncertainty of regulations introduced yet crypto will continue outpaced regulations.
Here is a 1 min summary of the article if you want to skip the reading.
Why Regulations
Nobody wants regulations unless the industry has made society in worse positions. That is what most people believe in. However, regulations can be a tool to erase competition and make one company a monopoly. It is a double-edged sword that can advance existing businesses while pressuring new innovations.
What Is Regulation
No one knows what regulation the government wants to put on the crypto. Current regulations are uncertain and lack of definition of cryptocurrencies. There are no official legal definitions of crypto because regulators are lack understanding of digital assets.
Year of Rug Pull
From Mark Cuban to many individual investors, 2021 was a year of rug pull. Million dollars were scammed. Mark Cuban even called for regulations on Defi which regulators now paid more attention to. Squid Game token is another scam that rug pulled people with millions of dollars.
Crypto Exchange Concerns
One of the biggest cryptocurrencies exchange in the world, Binance, was under investigation. Many countries across the globe from the US, UK to the EU and Japan have tightened up regulations. Countries like China banned crypto completely and others are working on CBDCs to counter crypto rise.
2022 Is Regulations Testing Year
It is likely regulations are uncertain and yet continue blasting in the crypto communities. Regulations will divide into pro cryptos and con cryptos. There will be more debates on the topic yet nothing may immediately resolve.
In Conclusion
Regulations may not be the end game of crypto and the communities will continue to evolve faster than regulations can catch up.
Stay tuned for the 2022 Prediction #5: Institutional Crypto Adoption
People wonder what regulations? You are right. The government kept urgently thinking about regulations and they just cannot come up with something on their minds because crypto is a very new technology that they have never been able to capture and use the existing regulations to help regulations progress. So what regulations then?
TL;DR
It will likely take years for regulators to come up with regulations. However, recently crypto rushes have made them rethink their existing positions. However, there will be the uncertainty of regulations introduced yet crypto will continue outpaced regulations.
Here is a 1 min summary of the article if you want to skip the reading.
Why Regulations
Nobody wants regulations unless the industry has made society in worse positions. That is what most people believe in. However, regulations can be a tool to erase competition and make one company a monopoly. It is a double-edged sword that can advance existing businesses while pressuring new innovations.
What Is Regulation
No one knows what regulation the government wants to put on the crypto. Current regulations are uncertain and lack of definition of cryptocurrencies. There are no official legal definitions of crypto because regulators are lack understanding of digital assets.
Year of Rug Pull
From Mark Cuban to many individual investors, 2021 was a year of rug pull. Million dollars were scammed. Mark Cuban even called for regulations on Defi which regulators now paid more attention to. Squid Game token is another scam that rug pulled people with millions of dollars.
Crypto Exchange Concerns
One of the biggest cryptocurrencies exchange in the world, Binance, was under investigation. Many countries across the globe from the US, UK to the EU and Japan have tightened up regulations. Countries like China banned crypto completely and others are working on CBDCs to counter crypto rise.
2022 Is Regulations Testing Year
It is likely regulations are uncertain and yet continue blasting in the crypto communities. Regulations will divide into pro cryptos and con cryptos. There will be more debates on the topic yet nothing may immediately resolve.
In Conclusion
Regulations may not be the end game of crypto and the communities will continue to evolve faster than regulations can catch up.
Stay tuned for the 2022 Prediction #5: Institutional Crypto Adoption
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