Crypto 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...
Defi 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. ...

Stablecoin 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 ...


Crypto 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...
Defi 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. ...

Stablecoin 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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A DAO or decentralized autonomous organization is a member-owned community without central leadership that has decision-making power in a protocol's government.
A cult is a system of religious veneration and devotion directed toward a particular figure or object.
So, is a DAO equal to a cult? Or better? Or worst?
https://twitter.com/shuggycult/status/1567149490263425024

According to Cult Education Institute, there are 10 warning signs of a potentially cult:
Absolute authoritarianism without meaningful accountability.
No tolerance for questions or critical inquiry.
No meaningful financial disclosure regarding budget, expenses such as an independently audited financial statement.
Unreasonable fear about the outside world, such as impending catastrophe, evil conspiracies and persecutions.
There is no legitimate reason to leave, former followers are always wrong in leaving, negative or even evil.
Former members often relate the same stories of abuse and reflect a similar pattern of grievances.
There are records, books, news articles, or television programs that document the abuses of the group/leader.
Followers feel they can never be "good enough".
The group/leader is always right.
The group/leader is the exclusive means of knowing "truth" or receiving validation, no other process of discovery is really acceptable or credible.
It all starts with a charismatic leader, a central authority to recruit members who are:

dependency
unassertiveness
gullibility
low tolerance for uncertainty
feeling of marginalization
naive idealism
the desire for spiritual meaning

https://freedomofmind.com/the-cult-of-trump/cot-digital-images/
You have top leaders > sub leaders > core devotees > rank and file members > fringe members
Members surround leaders.
According to the internet, there are 10 warning signs of a potentially DAO:
Absolute no authoritarianism with meaningful accountability.
Absolute tolerance for questions or critical inquiry
Meaningful financial disclosure regarding budget, expenses such as an independently audited financial statement.
Reasonable fear about the outside world, such as impending catastrophe, evil conspiracies and persecutions.
There is a legitimate reason to leave, former followers are always right in leaving, positive or even angel.
Former members often relate the same stories of enjoy and reflect a similar pattern of awesomeness.
There are records, books, news articles, or Youtube programs that document the pass history of the organization.
Followers feel they can never be "good enough".
The group is sometimes right or wrong.
The node is the exclusive means of knowing "truth" or receiving validation, no other process of discovery is really acceptable or credible.
Plus, it runs on open source code, blockchain, with smart contracts.


[https://www.alchemy.com/blog/how-to-start-a-dao
You have members surrounding a DAO protocol.](https://www.alchemy.com/blog/how-to-start-a-dao
You have members surrounding a DAO protocol.)
You have members surrounding a DAO protocol.

Of course, there are so many scams in DAOs too.
Here are 10 signs summarized by many experts in the field:
Hurry
Social media self-promotion
Exclusive information before joining
Exclusive information after joining
Low data verification requirements
Too good to be true
Day trades
Fake applications
Fake or anonymously identities
Fake wallet address with fake website page
Of course, there are more...

Here are signs to DAO is with a cult culture:
To isolate members to propagate paranoid thinking through an "us vs. them" mentality.
Working too much to receive too few rewards.
Leaders in DAO are being praised too much to become an icon.
Creating urgency for no reason.
Thinking their products will become the next xxx (i.e. Apple).
Thinking no following them will be doom.
Spending too much time in Discord.
Everything needs to follow "the blockchain".
Rewards only through recruiting more members.
Virtual meet-up daily, including weekends.
Now, it is time to decide which one you want to join.
References:
https://culteducation.com/warningsigns.html
https://people.howstuffworks.com/cult3.htm
https://consensys.net/blog/blockchain-explained/what-is-a-dao-and-how-do-they-work/
If you enjoy reading my articles, buy me a coffee here.
Photo by Luan Cabral on Unsplash
A DAO or decentralized autonomous organization is a member-owned community without central leadership that has decision-making power in a protocol's government.
A cult is a system of religious veneration and devotion directed toward a particular figure or object.
So, is a DAO equal to a cult? Or better? Or worst?
https://twitter.com/shuggycult/status/1567149490263425024

According to Cult Education Institute, there are 10 warning signs of a potentially cult:
Absolute authoritarianism without meaningful accountability.
No tolerance for questions or critical inquiry.
No meaningful financial disclosure regarding budget, expenses such as an independently audited financial statement.
Unreasonable fear about the outside world, such as impending catastrophe, evil conspiracies and persecutions.
There is no legitimate reason to leave, former followers are always wrong in leaving, negative or even evil.
Former members often relate the same stories of abuse and reflect a similar pattern of grievances.
There are records, books, news articles, or television programs that document the abuses of the group/leader.
Followers feel they can never be "good enough".
The group/leader is always right.
The group/leader is the exclusive means of knowing "truth" or receiving validation, no other process of discovery is really acceptable or credible.
It all starts with a charismatic leader, a central authority to recruit members who are:

dependency
unassertiveness
gullibility
low tolerance for uncertainty
feeling of marginalization
naive idealism
the desire for spiritual meaning

https://freedomofmind.com/the-cult-of-trump/cot-digital-images/
You have top leaders > sub leaders > core devotees > rank and file members > fringe members
Members surround leaders.
According to the internet, there are 10 warning signs of a potentially DAO:
Absolute no authoritarianism with meaningful accountability.
Absolute tolerance for questions or critical inquiry
Meaningful financial disclosure regarding budget, expenses such as an independently audited financial statement.
Reasonable fear about the outside world, such as impending catastrophe, evil conspiracies and persecutions.
There is a legitimate reason to leave, former followers are always right in leaving, positive or even angel.
Former members often relate the same stories of enjoy and reflect a similar pattern of awesomeness.
There are records, books, news articles, or Youtube programs that document the pass history of the organization.
Followers feel they can never be "good enough".
The group is sometimes right or wrong.
The node is the exclusive means of knowing "truth" or receiving validation, no other process of discovery is really acceptable or credible.
Plus, it runs on open source code, blockchain, with smart contracts.


[https://www.alchemy.com/blog/how-to-start-a-dao
You have members surrounding a DAO protocol.](https://www.alchemy.com/blog/how-to-start-a-dao
You have members surrounding a DAO protocol.)
You have members surrounding a DAO protocol.

Of course, there are so many scams in DAOs too.
Here are 10 signs summarized by many experts in the field:
Hurry
Social media self-promotion
Exclusive information before joining
Exclusive information after joining
Low data verification requirements
Too good to be true
Day trades
Fake applications
Fake or anonymously identities
Fake wallet address with fake website page
Of course, there are more...

Here are signs to DAO is with a cult culture:
To isolate members to propagate paranoid thinking through an "us vs. them" mentality.
Working too much to receive too few rewards.
Leaders in DAO are being praised too much to become an icon.
Creating urgency for no reason.
Thinking their products will become the next xxx (i.e. Apple).
Thinking no following them will be doom.
Spending too much time in Discord.
Everything needs to follow "the blockchain".
Rewards only through recruiting more members.
Virtual meet-up daily, including weekends.
Now, it is time to decide which one you want to join.
References:
https://culteducation.com/warningsigns.html
https://people.howstuffworks.com/cult3.htm
https://consensys.net/blog/blockchain-explained/what-is-a-dao-and-how-do-they-work/
If you enjoy reading my articles, buy me a coffee here.
Photo by Luan Cabral on Unsplash
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