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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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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Will the US ban Bitcoin mining?
https://twitter.com/smdiehl/status/1568622062612418561
Let's find out.
https://twitter.com/Dennis_Porter\_/status/1567997370037837826
It is a validating process for Bitcoin transactions to go through; nodes are miners working to resolve computer puzzle games and try to guess the correct number of sequences to process the payment.
It is a technology advancement and energy consumption game.
Master two factors that will help you to win the game:
faster speed of the computer power
a large amount of energy consumption
Both factors bring down the cost of obtaining Bitcoin, making the process financially feasible.
It means Bitcoin needs to stay at a certain price level to make participants contribute to the mining game.
https://twitter.com/DrProfitCrypto/status/1567309887679463426
https://twitter.com/DocumentingBTC/status/1373701437956456449
Satoshi argued that Bitcoin mining mimics gold mining. The assumption was built on the top that Bitcoin worthed more than the energy consumption contributed.
https://twitter.com/DocumentingBTC/status/1440687776144318488
https://twitter.com/EcoSenseNow/status/1566078202132701185
Europe is facing its energy crisis and likely has no solution in the short term.
https://twitter.com/theGrit_music/status/1568521612550340608
There is no way to walk around the crisis but to continue spending more money, increasing inflation more.
Or we are in miracles to find an infinite energy pump - nuclear energy.
Or simply, everyone turns the light off during the night.
Or find alternative energy suppliers like this:
https://twitter.com/roberto_saudi/status/1568588433328586752
The real deal behind the ban is that if Bitcoin has more incentives, energy companies will mine Bitcoin through the government incentives program, which results from the government investment in Bitcoin.
Banning Bitcoin mining can stop energy companies from accessing Bitcoin directly through the government's funds which are opposite to what the Government intents to achieve.
There are many other debates on Bitcoin mining, but the main point is that when the government prints more money, it should not directly go into the mining business.
https://twitter.com/BitcoinRothbard/status/1568319110571851776
The government will not care of 0.1% of energy consumption but the future of how Bitcoin grows.
https://twitter.com/bitcoinkatee/status/1567920531185324032
Of course, that is just my first reaction, and I may be wrong about it. What do you think?
If you enjoy reading my articles, buy me a coffee here.
Photo by Karsten Würth on Unsplash
Will the US ban Bitcoin mining?
https://twitter.com/smdiehl/status/1568622062612418561
Let's find out.
https://twitter.com/Dennis_Porter\_/status/1567997370037837826
It is a validating process for Bitcoin transactions to go through; nodes are miners working to resolve computer puzzle games and try to guess the correct number of sequences to process the payment.
It is a technology advancement and energy consumption game.
Master two factors that will help you to win the game:
faster speed of the computer power
a large amount of energy consumption
Both factors bring down the cost of obtaining Bitcoin, making the process financially feasible.
It means Bitcoin needs to stay at a certain price level to make participants contribute to the mining game.
https://twitter.com/DrProfitCrypto/status/1567309887679463426
https://twitter.com/DocumentingBTC/status/1373701437956456449
Satoshi argued that Bitcoin mining mimics gold mining. The assumption was built on the top that Bitcoin worthed more than the energy consumption contributed.
https://twitter.com/DocumentingBTC/status/1440687776144318488
https://twitter.com/EcoSenseNow/status/1566078202132701185
Europe is facing its energy crisis and likely has no solution in the short term.
https://twitter.com/theGrit_music/status/1568521612550340608
There is no way to walk around the crisis but to continue spending more money, increasing inflation more.
Or we are in miracles to find an infinite energy pump - nuclear energy.
Or simply, everyone turns the light off during the night.
Or find alternative energy suppliers like this:
https://twitter.com/roberto_saudi/status/1568588433328586752
The real deal behind the ban is that if Bitcoin has more incentives, energy companies will mine Bitcoin through the government incentives program, which results from the government investment in Bitcoin.
Banning Bitcoin mining can stop energy companies from accessing Bitcoin directly through the government's funds which are opposite to what the Government intents to achieve.
There are many other debates on Bitcoin mining, but the main point is that when the government prints more money, it should not directly go into the mining business.
https://twitter.com/BitcoinRothbard/status/1568319110571851776
The government will not care of 0.1% of energy consumption but the future of how Bitcoin grows.
https://twitter.com/bitcoinkatee/status/1567920531185324032
Of course, that is just my first reaction, and I may be wrong about it. What do you think?
If you enjoy reading my articles, buy me a coffee here.
Photo by Karsten Würth on Unsplash
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