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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Bitcoin may have an economic design false.
If Bitcoin has limited the supply, and the valuation will continue going up per each unit, then Bitcoin will replace the fiat currency.
Such an assumption has a limitation because you are assuming that everyone will eventually use Bitcoin.
But what is the benefit of using Bitcoin beside its limited supply?
The short answer is relatively easy to use Bitcoin than fiat cash.
Its valuation has fluctuated unpredictably, which makes a great speculation investment.
That is all.
As far as it acts like a currency, it is unfair to individuals to use Bitcoin as a currency since its price changes every second.
It is more reasonable to store and wait for the price to increase, then spend on each trade or purchase.
And Bitcoin economy is not working because the barrier to have everyone will to learn how to spend and store Bitcoin before spending it.
It is a closed-loop economy environment just like Gold.
Although it has improved some features on Gold and to prevent potential inflation from the human side, it does not rudimentary change the currency functionality.
It does not make purchases more accessible and more reliable, rather it makes transactions more complex and more technical dependable.
However, Bitcoin is a great speculative asset.
Photo by Aidan Bartos on Unsplash
Bitcoin may have an economic design false.
If Bitcoin has limited the supply, and the valuation will continue going up per each unit, then Bitcoin will replace the fiat currency.
Such an assumption has a limitation because you are assuming that everyone will eventually use Bitcoin.
But what is the benefit of using Bitcoin beside its limited supply?
The short answer is relatively easy to use Bitcoin than fiat cash.
Its valuation has fluctuated unpredictably, which makes a great speculation investment.
That is all.
As far as it acts like a currency, it is unfair to individuals to use Bitcoin as a currency since its price changes every second.
It is more reasonable to store and wait for the price to increase, then spend on each trade or purchase.
And Bitcoin economy is not working because the barrier to have everyone will to learn how to spend and store Bitcoin before spending it.
It is a closed-loop economy environment just like Gold.
Although it has improved some features on Gold and to prevent potential inflation from the human side, it does not rudimentary change the currency functionality.
It does not make purchases more accessible and more reliable, rather it makes transactions more complex and more technical dependable.
However, Bitcoin is a great speculative asset.
Photo by Aidan Bartos on Unsplash
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