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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Crypto whales are running away.
This is the first time ever to see whales are not buying back during the bear market.
What happens and who are those whales?
I asked ChatGPT about whales and here is what it said:
Crypto whales are individuals or organizations that hold a significant amount of cryptocurrency. They are called "whales" because their large holdings can have a significant impact on the market, similar to how a whale can affect the ocean. Some crypto whales are early adopters of a particular cryptocurrency, while others are professional investors who have made a significant investment in the asset. Because they hold such a large amount of a particular cryptocurrency, crypto whales have the potential to influence the price of that asset through their buying and selling activity.
Here are my personal experiences with whales.
There are three primary sources of whales: criminals, institutional investors, and individual investors.
Yes, although they were early adopters, those people used crypto mainly to laundry money and keep their wealth within crypto to avoid possible tracking from governments.
Hackers who steal money from others are part of this category.
Such as the one who stole money from FTX exchange right after it collapsed and used Tonatord Cash as a mixer to dilute the possible addresses that can be traceable into unnamed new addresses.
Many of those whales could hardly move crypto from their wallets unless necessary.
Those investors are a handful with cash and are adopting the new normal of the crypto environment, like 2021 and trying to catch the late train. But they got the advantage of becoming professional investors and with new regulations to allow them to dominate the space as quickly as possible.
Unfortunately, crypto does not work as traditional finance does. The regulation is too slow and lacks meaningful guidance, resulting in massive losses from institutional investors in 2022 and many funds from scammers like FTX.
Those people who were either lucky or had some fortune to predict that possible future got their jackpot.
They were either programmer who joined the space early and developed to help blockchain or some gamers who were involved with the space.
All of them are exiting crypto in this bear market.
We cannot predict the future, but I felt something is about to change from this point forward...
Photo by Thomas Lipke on Unsplash
Crypto whales are running away.
This is the first time ever to see whales are not buying back during the bear market.
What happens and who are those whales?
I asked ChatGPT about whales and here is what it said:
Crypto whales are individuals or organizations that hold a significant amount of cryptocurrency. They are called "whales" because their large holdings can have a significant impact on the market, similar to how a whale can affect the ocean. Some crypto whales are early adopters of a particular cryptocurrency, while others are professional investors who have made a significant investment in the asset. Because they hold such a large amount of a particular cryptocurrency, crypto whales have the potential to influence the price of that asset through their buying and selling activity.
Here are my personal experiences with whales.
There are three primary sources of whales: criminals, institutional investors, and individual investors.
Yes, although they were early adopters, those people used crypto mainly to laundry money and keep their wealth within crypto to avoid possible tracking from governments.
Hackers who steal money from others are part of this category.
Such as the one who stole money from FTX exchange right after it collapsed and used Tonatord Cash as a mixer to dilute the possible addresses that can be traceable into unnamed new addresses.
Many of those whales could hardly move crypto from their wallets unless necessary.
Those investors are a handful with cash and are adopting the new normal of the crypto environment, like 2021 and trying to catch the late train. But they got the advantage of becoming professional investors and with new regulations to allow them to dominate the space as quickly as possible.
Unfortunately, crypto does not work as traditional finance does. The regulation is too slow and lacks meaningful guidance, resulting in massive losses from institutional investors in 2022 and many funds from scammers like FTX.
Those people who were either lucky or had some fortune to predict that possible future got their jackpot.
They were either programmer who joined the space early and developed to help blockchain or some gamers who were involved with the space.
All of them are exiting crypto in this bear market.
We cannot predict the future, but I felt something is about to change from this point forward...
Photo by Thomas Lipke on Unsplash
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