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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Crypto wants to change the culture but how the culture of change can help many people out of their miserable job?
Job culture has deteriorated because of the vicious cycle of competition. Crypto has been the same route of the vicious cycle. How the narrative of crypto can create a new type of job in the future is the question.
The competition itself is not bad. But when competition becomes vicious, the limited resource can only provide a certain range of people they work for.
Your input is exceed more than your output.
This is not sustainable.
A similar idea of crypto mining is an example of such competition.
It is also not feasible and sustainable.
I do not know how long crypto can keep this competition going for.
Photo by Florian Schmetz on Unsplash
Crypto wants to change the culture but how the culture of change can help many people out of their miserable job?
Job culture has deteriorated because of the vicious cycle of competition. Crypto has been the same route of the vicious cycle. How the narrative of crypto can create a new type of job in the future is the question.
The competition itself is not bad. But when competition becomes vicious, the limited resource can only provide a certain range of people they work for.
Your input is exceed more than your output.
This is not sustainable.
A similar idea of crypto mining is an example of such competition.
It is also not feasible and sustainable.
I do not know how long crypto can keep this competition going for.
Photo by Florian Schmetz on Unsplash
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