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...
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 ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
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...
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 ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
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In crypto, sh**t will happen.
https://twitter.com/lawmaster/status/1589510081694949377
Even the largest crypto exchange can go dark for a second.
This is a wild west style of finance that unregulated and super risky.
Massive funds can run in and out within seconds. Bank-run like FUD can happen at any time because crypto is 24/7.
Since whales have more information than individual investors, do you follow whales' steps or should you take further investigation to dig into the news before any moves?
It is very difficult for someone who puts their money into exchange or crypto services without knowing anything that whales possibly coordinate to attack the exchange to make funds liquidated within a short period.
There are lack of regulations within the crypto exchange which makes investors more vulnerable than ever compared to regulated exchanges.
And there is no way you will find any information so secretly that you can run away before the business collapses.
I think with this idea, keep in mind that you solely depend on crypto service with their trust.
But isn't the crypto is about trustless ecosystem?
If crypto service is without any way to protect users, why at the first place, will users put their money into their deposit?
Thinking it too late to buy Bitcoin? How about earning Bitcoin through daily spinning? Try Fold App here and start your Bitcoin earning journey with a free $2 to start!
Photo by Vadim Artyukhin on Unsplash
In crypto, sh**t will happen.
https://twitter.com/lawmaster/status/1589510081694949377
Even the largest crypto exchange can go dark for a second.
This is a wild west style of finance that unregulated and super risky.
Massive funds can run in and out within seconds. Bank-run like FUD can happen at any time because crypto is 24/7.
Since whales have more information than individual investors, do you follow whales' steps or should you take further investigation to dig into the news before any moves?
It is very difficult for someone who puts their money into exchange or crypto services without knowing anything that whales possibly coordinate to attack the exchange to make funds liquidated within a short period.
There are lack of regulations within the crypto exchange which makes investors more vulnerable than ever compared to regulated exchanges.
And there is no way you will find any information so secretly that you can run away before the business collapses.
I think with this idea, keep in mind that you solely depend on crypto service with their trust.
But isn't the crypto is about trustless ecosystem?
If crypto service is without any way to protect users, why at the first place, will users put their money into their deposit?
Thinking it too late to buy Bitcoin? How about earning Bitcoin through daily spinning? Try Fold App here and start your Bitcoin earning journey with a free $2 to start!
Photo by Vadim Artyukhin on Unsplash
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