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 SEC is focusing on the stablecoin, but why the government aims to prevent the future?
People only see the SEC is an enemy of crypto but do you think crypto is always the right way?
After the FTX, crypto has changed. It becomes a self-delusion to want to get into its own mind.
If you really research Paxos, you will find something very strange.
Paxos is an issuer for BUSD, a stablecoin that linked to Binance, one of the largest crypto exchanges.
Issuer of stablecoin needs crypto exchange to help arbitrage to make profits but what if the crypto exchange highly leveraged the stablecoin itself?
There is no rule to prevent crypto exchange from doing so even it is a self-destruction act.
But FTX did it, why not?!
The real question is, who are behind those stablecoin projects?
We do not know, and that is a big problem!
Photo by Robert Anasch on Unsplash
The SEC is focusing on the stablecoin, but why the government aims to prevent the future?
People only see the SEC is an enemy of crypto but do you think crypto is always the right way?
After the FTX, crypto has changed. It becomes a self-delusion to want to get into its own mind.
If you really research Paxos, you will find something very strange.
Paxos is an issuer for BUSD, a stablecoin that linked to Binance, one of the largest crypto exchanges.
Issuer of stablecoin needs crypto exchange to help arbitrage to make profits but what if the crypto exchange highly leveraged the stablecoin itself?
There is no rule to prevent crypto exchange from doing so even it is a self-destruction act.
But FTX did it, why not?!
The real question is, who are behind those stablecoin projects?
We do not know, and that is a big problem!
Photo by Robert Anasch on Unsplash
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