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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The US government published the "First-Ever" comprehensive framework for the responsible development of digital assets.
https://twitter.com/CryptoWendyO/status/1570799128325783553
Here is a quick summary of the comprehensive framework:
https://twitter.com/RyanSAdams/status/1570774337254461446
Okay, I am kidding here, but what does the government try to offer of such a "First-Ever" framework then?
The framework layouts the 7 areas to be considered:
Protecting Consumers, Investors, and Businesses
Promoting Access to Safe, Affordable Financial Services
Fostering Financial Stability
Advancing Responsible Innovation
Reinforcing Our Global Financial Leadership and Competitiveness
Fighting Illicit Finance
Exploring a U.S. Central Bank Digital Currency (CBDC)
Let's dive in and see how the government really tries to accomplish here:
This argument builds on top of centralized entities.
Rather than hunting criminals, the government should provide education on crypto to the general public and catch up on regulations on centralized digital asset companies.
The government needs to promote innovation that makes financial services affordable.
The government should provide clear distinguishment between centralization and decentralization.
To make innovation accountable, the government needs to be self-accountable first.
https://twitter.com/PelosiTracker\_/status/1568331913160720384
This is not limited to countries but working with crypto organizations to promote decentralization accountability.
The government must provide a security framework for digital assets beyond what it regulates in banks.
The government needs to emphasize the dangerous surveillance of its citizens to prevent becoming a surveillance state in the future.
This is a good starting point to discuss what makes digital assets accessible to citizens and what the government can do to improve the experience for its citizens.
Support writer here or join Medium here.
Photo by arash payam on Unsplash
The US government published the "First-Ever" comprehensive framework for the responsible development of digital assets.
https://twitter.com/CryptoWendyO/status/1570799128325783553
Here is a quick summary of the comprehensive framework:
https://twitter.com/RyanSAdams/status/1570774337254461446
Okay, I am kidding here, but what does the government try to offer of such a "First-Ever" framework then?
The framework layouts the 7 areas to be considered:
Protecting Consumers, Investors, and Businesses
Promoting Access to Safe, Affordable Financial Services
Fostering Financial Stability
Advancing Responsible Innovation
Reinforcing Our Global Financial Leadership and Competitiveness
Fighting Illicit Finance
Exploring a U.S. Central Bank Digital Currency (CBDC)
Let's dive in and see how the government really tries to accomplish here:
This argument builds on top of centralized entities.
Rather than hunting criminals, the government should provide education on crypto to the general public and catch up on regulations on centralized digital asset companies.
The government needs to promote innovation that makes financial services affordable.
The government should provide clear distinguishment between centralization and decentralization.
To make innovation accountable, the government needs to be self-accountable first.
https://twitter.com/PelosiTracker\_/status/1568331913160720384
This is not limited to countries but working with crypto organizations to promote decentralization accountability.
The government must provide a security framework for digital assets beyond what it regulates in banks.
The government needs to emphasize the dangerous surveillance of its citizens to prevent becoming a surveillance state in the future.
This is a good starting point to discuss what makes digital assets accessible to citizens and what the government can do to improve the experience for its citizens.
Support writer here or join Medium here.
Photo by arash payam on Unsplash
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