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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The central bank is overrated.
We empowered the central bank, and they believed they could save the economy.
They cannot.
They fulfill their own wishes and attract market movement.
But at the end of the day, their impact on the economy is minimal, limited to banking and certain financial systems.
The economy is not about banking only, the activities are very with a large range from small businesses, import & export and much more.
Don't fool with central banks and their faulty mission to save the world.
The power of central bank is limited and they can only perform certain measurements to avoid certain types of crisis.
But with the more complex economic system, the central bank has no power to prevent what would happen.
Their monetary policies can also reach up to certain limits to adjust economic activities.
Their power is limited, but the way to portray themselves as savers is just a wrong impression which eventually will make the central bank weaker and powerless.
Photo by Jon Cellier on Unsplash
The central bank is overrated.
We empowered the central bank, and they believed they could save the economy.
They cannot.
They fulfill their own wishes and attract market movement.
But at the end of the day, their impact on the economy is minimal, limited to banking and certain financial systems.
The economy is not about banking only, the activities are very with a large range from small businesses, import & export and much more.
Don't fool with central banks and their faulty mission to save the world.
The power of central bank is limited and they can only perform certain measurements to avoid certain types of crisis.
But with the more complex economic system, the central bank has no power to prevent what would happen.
Their monetary policies can also reach up to certain limits to adjust economic activities.
Their power is limited, but the way to portray themselves as savers is just a wrong impression which eventually will make the central bank weaker and powerless.
Photo by Jon Cellier on Unsplash
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