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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Thinking it too late to buy Bitcoin? How about earning Bitcoin through daily spinning? Try Fold App here and start your Bitcoin earning journey with a free $2 to start!
Inflation is hot 🔥~
It burns everywhere. The decade cheap money policy has created an ocean of debts. They are long being due until now.
Don't be shocked if all assets depreciated suddenly 😂. You cannot pay off debts, and hope assets continue appreciating. Or would you 😈?
With the ocean of credit pushed into the economy during the COVID-induced financial crisis, it bet to free debt in the short term to survive the economic shock. However, the shock wave is more prolonged than the Fed expected the inflation impact with multiple other issues going around the world.
The Fed has been charged with credit supply to control economic expansion and contraction. However, since we live under the free market to adjust credit flow, we are still facing a century-old problem of credit contraction due to financial crisis. It means there always has an issue of how much money we will have to cover the future spending and also being able to pay off debts (even though we don't have to) 😑.
Since the 2021 cryptocurrency hype, we have had new bagholders - institutional investors 🤭.
Bitcoin provides additional credit even though many experts have argued that Bitcoin has no fundamental value.
Bitcoin is very liquidity and very easy to convert into cash.
It does not have to be a store of value but a new flow of cash that ease the burden from the Fed to provide additional liquidity to impact the economy on a large scale.
The market may benefit from holding Bitcoin, and the price level has been stable while the stock market is volatile.
Resource: https://www.spglobal.com/_assets/documents/ratings/research/101560712.pdf
Thinking it too late to buy Bitcoin? How about earning Bitcoin through daily spinning? Try Fold App here and start your Bitcoin earning journey with a free $2 to start!
Inflation is hot 🔥~
It burns everywhere. The decade cheap money policy has created an ocean of debts. They are long being due until now.
Don't be shocked if all assets depreciated suddenly 😂. You cannot pay off debts, and hope assets continue appreciating. Or would you 😈?
With the ocean of credit pushed into the economy during the COVID-induced financial crisis, it bet to free debt in the short term to survive the economic shock. However, the shock wave is more prolonged than the Fed expected the inflation impact with multiple other issues going around the world.
The Fed has been charged with credit supply to control economic expansion and contraction. However, since we live under the free market to adjust credit flow, we are still facing a century-old problem of credit contraction due to financial crisis. It means there always has an issue of how much money we will have to cover the future spending and also being able to pay off debts (even though we don't have to) 😑.
Since the 2021 cryptocurrency hype, we have had new bagholders - institutional investors 🤭.
Bitcoin provides additional credit even though many experts have argued that Bitcoin has no fundamental value.
Bitcoin is very liquidity and very easy to convert into cash.
It does not have to be a store of value but a new flow of cash that ease the burden from the Fed to provide additional liquidity to impact the economy on a large scale.
The market may benefit from holding Bitcoin, and the price level has been stable while the stock market is volatile.
Resource: https://www.spglobal.com/_assets/documents/ratings/research/101560712.pdf
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