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 ...
I tried to explain Who Satoshi is in comic strips.
TL;DR
I explained my thought process of how I create a Satoshi in a comic.
Some Takeaway
What we know is that Satoshi is the Bitcoin white paper creator and possibly a creator of Bitcoin. He or she or a group of people were actively prioritized in 2012 after releasing Bitcoin in 2009. We knew that Dorina Nakamoto is not the real Satoshi after the real Satoshi posted a claim in 2014 about himself not being Dorian Nakamoto. Also, both Hal Finney and David Kleiman were working for Satoshi but they both died tragically.
Dr. Craig Wright
He has claimed himself as the creator of Bitcoin in 2016 but many people disbelieved him as a real Satoshi. Not until 2021, did the family of a deceased man, David Kleiman, sue Wright for half of 1.1 million Bitcoin. Yet, Dr. Wright was never approved to be able to access the Satoshi wallet.
Core Idea
It does not really matter who Satoshi is at this point. Cryptocurrency is a decentralized currency that purposely removes a single point of failure. The creator of such crypto may introduce such a single point of failure and resemble what crypto may become.
What Are Missing
There are many more candidates that are worth mentioning and create technology that beyond the usage of the cryptocurrency. Yet, those contributors tend to be forgotten in the public debates rather than ones who tried to bring light into themselves.
In conclusion
Who is Satoshi really is a century-old question. It brings mystery around Bitcoin and makes it more speculative. Yet the debate will continue developing, we will also share some of our appreciations on contributors who made such technology available.
I tried to explain Who Satoshi is in comic strips.
TL;DR
I explained my thought process of how I create a Satoshi in a comic.
Some Takeaway
What we know is that Satoshi is the Bitcoin white paper creator and possibly a creator of Bitcoin. He or she or a group of people were actively prioritized in 2012 after releasing Bitcoin in 2009. We knew that Dorina Nakamoto is not the real Satoshi after the real Satoshi posted a claim in 2014 about himself not being Dorian Nakamoto. Also, both Hal Finney and David Kleiman were working for Satoshi but they both died tragically.
Dr. Craig Wright
He has claimed himself as the creator of Bitcoin in 2016 but many people disbelieved him as a real Satoshi. Not until 2021, did the family of a deceased man, David Kleiman, sue Wright for half of 1.1 million Bitcoin. Yet, Dr. Wright was never approved to be able to access the Satoshi wallet.
Core Idea
It does not really matter who Satoshi is at this point. Cryptocurrency is a decentralized currency that purposely removes a single point of failure. The creator of such crypto may introduce such a single point of failure and resemble what crypto may become.
What Are Missing
There are many more candidates that are worth mentioning and create technology that beyond the usage of the cryptocurrency. Yet, those contributors tend to be forgotten in the public debates rather than ones who tried to bring light into themselves.
In conclusion
Who is Satoshi really is a century-old question. It brings mystery around Bitcoin and makes it more speculative. Yet the debate will continue developing, we will also share some of our appreciations on contributors who made such technology available.
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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