Blockchain is inefficient.
But the money is efficient.
When you use blockchain to create money, it gets conflict.
Money is stable, and blockchain is not.
Blockchain will have a traffic jam to make the network slower but to trade off of making transactions accurate.
The money transaction is faster as long as there is no error.
Using blockchain to mimic money transactions is a rather different aspect of the future of finance.
If finance is a way to make a country prosper through managing money, blockchain is a part of finance.
When managing, there will have a cost.
Blockchain makes such cost significant because it makes the transaction as accurate as possible.
If you choose to have an accurate transaction, blockchain is the way.
But if you choose to have a stable money transaction, then fiat is the way.
Photo by Shubham Dhage on Unsplash
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 ...
Blockchain is inefficient.
But the money is efficient.
When you use blockchain to create money, it gets conflict.
Money is stable, and blockchain is not.
Blockchain will have a traffic jam to make the network slower but to trade off of making transactions accurate.
The money transaction is faster as long as there is no error.
Using blockchain to mimic money transactions is a rather different aspect of the future of finance.
If finance is a way to make a country prosper through managing money, blockchain is a part of finance.
When managing, there will have a cost.
Blockchain makes such cost significant because it makes the transaction as accurate as possible.
If you choose to have an accurate transaction, blockchain is the way.
But if you choose to have a stable money transaction, then fiat is the way.
Photo by Shubham Dhage on Unsplash
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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