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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I tried to explain what DYOR is in comic strips.
TL;DR
I explained what DYOR is and how it will be used in a particular situation.
Some Takeaway
DYOR or Doing Your Own Research is a motto against crypto fraud. Since crypto was introduced in 2009, the valuation of cryptocurrency has increased dramatically. Many people who left out of such a movement started to regret and want to join without any rational mind. They try to get in as fast as possible and get out through a get-rich-overnight mindset. However, it does not play out well as we all know that. Many fall into scams and fraud.
How to DYOR
What to look for when you research? There will always be a greater promise with the project and an awesome roadmap to users. How can investors judge? The landscape of crypto has been drastically changed since 2009. However, everything can be revealed in the blockchain.
Research into Blockchain
Blockchain is a great place to reveal many secrets. Investors will start to dive into blockchain data in the first place to research. But more importantly, the creator of such a crypto project will be under scrutiny. Their holdings on such tokens and how they are distributed is a way to reveal some hidden secrets about the real purpose of the project.
Flat vs. Pyramid
If the crypto project creates a pyramid, their core team will have more funds than the public. Likely such a project will not survive in the long term. The Crypto project is mainly toward decentralization. It encourages everything to enter and possess some of the assets that they can use. Creating a pyramid-like structure will slow down the growth of the project. Since the crypto space evolves faster than usual, such pyramid organization will soon be left out. While a flat organization may move slowly, the organization has dynamic characteristics that can change itself to fit into an ever-changing environment.
Against Scams
However, many scams target the target audience without their due diligence. It is then critical for investors or participants to join the crypto space with their own research. Many social media platforms will promote crypto projects blindly and many viewers should be aware of such promotion without influencing your own decisions.
In conclusion
DYOR is a great way to learn crypto. It is a crucial process that users should do before even ever putting their own money into the project.
I tried to explain what DYOR is in comic strips.
TL;DR
I explained what DYOR is and how it will be used in a particular situation.
Some Takeaway
DYOR or Doing Your Own Research is a motto against crypto fraud. Since crypto was introduced in 2009, the valuation of cryptocurrency has increased dramatically. Many people who left out of such a movement started to regret and want to join without any rational mind. They try to get in as fast as possible and get out through a get-rich-overnight mindset. However, it does not play out well as we all know that. Many fall into scams and fraud.
How to DYOR
What to look for when you research? There will always be a greater promise with the project and an awesome roadmap to users. How can investors judge? The landscape of crypto has been drastically changed since 2009. However, everything can be revealed in the blockchain.
Research into Blockchain
Blockchain is a great place to reveal many secrets. Investors will start to dive into blockchain data in the first place to research. But more importantly, the creator of such a crypto project will be under scrutiny. Their holdings on such tokens and how they are distributed is a way to reveal some hidden secrets about the real purpose of the project.
Flat vs. Pyramid
If the crypto project creates a pyramid, their core team will have more funds than the public. Likely such a project will not survive in the long term. The Crypto project is mainly toward decentralization. It encourages everything to enter and possess some of the assets that they can use. Creating a pyramid-like structure will slow down the growth of the project. Since the crypto space evolves faster than usual, such pyramid organization will soon be left out. While a flat organization may move slowly, the organization has dynamic characteristics that can change itself to fit into an ever-changing environment.
Against Scams
However, many scams target the target audience without their due diligence. It is then critical for investors or participants to join the crypto space with their own research. Many social media platforms will promote crypto projects blindly and many viewers should be aware of such promotion without influencing your own decisions.
In conclusion
DYOR is a great way to learn crypto. It is a crucial process that users should do before even ever putting their own money into the project.
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