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 WAGMI is in comic strips.
TL;DR
I explained what WAGMI is and how you can use WAGMI in the crypto space.
Some Takeaway
WAGMI is short for We Are Gonna Make It. A phrase that Youtuber Jamie Tree used on March 24th, 2012 from Zyzz’s motivational video. Despite Zyzz's death in 2011, the phrase lives on and becomes inspirational.
WallStreetBets
During the 2021 GameStop squeeze, the catchphrase of WAGMI was frequently used in the spirit that one might lose their entire investment through gambling of stocks or go to the moon. Of course, the latter case was approved by many WallStreetBet members who won the GameStop war.
NFT Hype
Such spirit was quickly adopted by the NFT community and spread around on Twitter. Many early adopters of NFT promoted the WAGMI catchphrase and inflated it with FOMO. It is a win-or-lose situation in NFT when projects are about to launch. It was purposely to inflame the NFT spirit and convince as many people to join the NFT space without any care.
What is Next
WAGMI is a meme phenomenon. It gives an extremely positive image of the future. This too optimistic view may trick you into thinking of taking more risks without any consideration. It is better for people to be aware of high risks and spend money with care.
In conclusion
WAGMI is a meme catchphrase to become too optimistic to disregard risks. One should bear in mind that risks are there and they should be cautious to exercise the money with enough protection without ever recovering from a financial scheme.
I tried to explain what WAGMI is in comic strips.
TL;DR
I explained what WAGMI is and how you can use WAGMI in the crypto space.
Some Takeaway
WAGMI is short for We Are Gonna Make It. A phrase that Youtuber Jamie Tree used on March 24th, 2012 from Zyzz’s motivational video. Despite Zyzz's death in 2011, the phrase lives on and becomes inspirational.
WallStreetBets
During the 2021 GameStop squeeze, the catchphrase of WAGMI was frequently used in the spirit that one might lose their entire investment through gambling of stocks or go to the moon. Of course, the latter case was approved by many WallStreetBet members who won the GameStop war.
NFT Hype
Such spirit was quickly adopted by the NFT community and spread around on Twitter. Many early adopters of NFT promoted the WAGMI catchphrase and inflated it with FOMO. It is a win-or-lose situation in NFT when projects are about to launch. It was purposely to inflame the NFT spirit and convince as many people to join the NFT space without any care.
What is Next
WAGMI is a meme phenomenon. It gives an extremely positive image of the future. This too optimistic view may trick you into thinking of taking more risks without any consideration. It is better for people to be aware of high risks and spend money with care.
In conclusion
WAGMI is a meme catchphrase to become too optimistic to disregard risks. One should bear in mind that risks are there and they should be cautious to exercise the money with enough protection without ever recovering from a financial scheme.
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