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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CBDC or Central Bank Digital Currency is a copycat of cryptocurrency without privacy protection.
It is so useless that once it rolls out, no one will use it because everyone will be cautious about how your privacy has been tracked by the government 24/7.
https://twitter.com/NikoJilch/status/1563446734184779779
Any payment company can do whatever CBDC claims it can accomplish unless the government wants to track everyone's financial transactions.
It is a private blockchain that allows banks to directly approach individual users through a digital wallet that enables the government to record all transactions of a such individuals automatically.
It is a surveillance program to minor individual financial data without watching them 24/7.
Totalitarian states love to use CBDC. Since the totalitarian government was established to control its citizens, CBDC is a perfect tool to monitor its citizens daily. It allows the government to track citizens' financial transactions and punish them if citizens disagree with their rules.
China loves CBDC because they control their citizens 100% if they want to and love to monitor their activities.
More than 80% of central banks are looking at CBDC gives a disturbing feeling that governments are likely becoming more and more totalitarian in the coming years.
It is imperative to have cryptocurrency to prevent the government from invading your privacy.
But in the end, CBDC is useless as an instrument of the payment transactions as it claimed to be.
If you enjoy reading my articles, buy me a coffee here.
Photo by Marius Masalar on Unsplash
CBDC or Central Bank Digital Currency is a copycat of cryptocurrency without privacy protection.
It is so useless that once it rolls out, no one will use it because everyone will be cautious about how your privacy has been tracked by the government 24/7.
https://twitter.com/NikoJilch/status/1563446734184779779
Any payment company can do whatever CBDC claims it can accomplish unless the government wants to track everyone's financial transactions.
It is a private blockchain that allows banks to directly approach individual users through a digital wallet that enables the government to record all transactions of a such individuals automatically.
It is a surveillance program to minor individual financial data without watching them 24/7.
Totalitarian states love to use CBDC. Since the totalitarian government was established to control its citizens, CBDC is a perfect tool to monitor its citizens daily. It allows the government to track citizens' financial transactions and punish them if citizens disagree with their rules.
China loves CBDC because they control their citizens 100% if they want to and love to monitor their activities.
More than 80% of central banks are looking at CBDC gives a disturbing feeling that governments are likely becoming more and more totalitarian in the coming years.
It is imperative to have cryptocurrency to prevent the government from invading your privacy.
But in the end, CBDC is useless as an instrument of the payment transactions as it claimed to be.
If you enjoy reading my articles, buy me a coffee here.
Photo by Marius Masalar on Unsplash
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