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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Web3 supports changing everything!
Nope! You are too naive.
https://twitter.com/Just_Kate/status/1559201097029677057
Although a16z wrote some fantasy Web3 stories, it does not mean they are all experts.
https://twitter.com/ericzhu105/status/1559557525686521856
They seem to be walking toward the 3AC legendary journey to crash their funds in no time.
Neumann rug pulled investors in Web2 from his company WeWork. He lied to investors and delayed IPO for the company he founded as long as he could to drain away funds into his own pocket.
He knew his company could not survive long, and the idea was borrowed in the 60s that would not work at that time. So he withdrew $700M and walked away.
From WeWork to WeCrashed, it only took him nine years and stole investors' funds, and he walked away freely.
Neumann got a new hustle - real estate.
He started buying apartment buildings of some 4,000 apartments worth about $1B.
The company he founded with Joel Schreiber is another scam.
https://twitter.com/niblettc89/status/1559187805263122434
Real estate investment is magic. It seems to exist, but it never worked, just like his invention in WeWork.
The most extended real estate industry runs in the world is Amsterdam. It took 400 years to make a return on investment.
https://thegoldobserver.substack.com/p/amsterdam-real-housing-prices-highest
History shows that when a country depends on its housing market to grow the economy, it always collapses because landlords increase the rent price to force everyone into the street and trigger a revolution to overthrow the rulers.
https://twitter.com/StockJabber/status/1559313508851908608
If the housing market is a bubble, why invest?
Everyone sees the housing market as a passive income king. However, the reality is that the economy's fundamentals have been weakening.
When more cash fuels into the housing market to inflate the bubble and the government does not allow the bubble to pop, we are creating a nuclear bubble that will explode the entire system.
If Web3 is another fuel for a nuclear bubble, why do we invest our time in the first place?
If you enjoy reading my articles, buy me a coffee here.
Photo by Breno Assis on Unsplash
Web3 supports changing everything!
Nope! You are too naive.
https://twitter.com/Just_Kate/status/1559201097029677057
Although a16z wrote some fantasy Web3 stories, it does not mean they are all experts.
https://twitter.com/ericzhu105/status/1559557525686521856
They seem to be walking toward the 3AC legendary journey to crash their funds in no time.
Neumann rug pulled investors in Web2 from his company WeWork. He lied to investors and delayed IPO for the company he founded as long as he could to drain away funds into his own pocket.
He knew his company could not survive long, and the idea was borrowed in the 60s that would not work at that time. So he withdrew $700M and walked away.
From WeWork to WeCrashed, it only took him nine years and stole investors' funds, and he walked away freely.
Neumann got a new hustle - real estate.
He started buying apartment buildings of some 4,000 apartments worth about $1B.
The company he founded with Joel Schreiber is another scam.
https://twitter.com/niblettc89/status/1559187805263122434
Real estate investment is magic. It seems to exist, but it never worked, just like his invention in WeWork.
The most extended real estate industry runs in the world is Amsterdam. It took 400 years to make a return on investment.
https://thegoldobserver.substack.com/p/amsterdam-real-housing-prices-highest
History shows that when a country depends on its housing market to grow the economy, it always collapses because landlords increase the rent price to force everyone into the street and trigger a revolution to overthrow the rulers.
https://twitter.com/StockJabber/status/1559313508851908608
If the housing market is a bubble, why invest?
Everyone sees the housing market as a passive income king. However, the reality is that the economy's fundamentals have been weakening.
When more cash fuels into the housing market to inflate the bubble and the government does not allow the bubble to pop, we are creating a nuclear bubble that will explode the entire system.
If Web3 is another fuel for a nuclear bubble, why do we invest our time in the first place?
If you enjoy reading my articles, buy me a coffee here.
Photo by Breno Assis on Unsplash
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