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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Elon Musk just trashed Twitter again. And he is reluctant to buy Twitter. He claimed Twitter has a more vast bots population than human beings active in space.
The recent court documents released many discussions and conversations between billionaires and what they thought before acquiring a company.
https://twitter.com/tier10k/status/1575608164955074561
Elon planned to turn Twitter into blockchain social media because he thought the blockchain was a solution to prevent bots and spammers since the blockchain was created to fight email spammers in earlier days.
https://twitter.com/web3isgreat/status/1576048619425353728
But his plan did not go well.
First, Elon got soured with Parag Agrawal, who later became CEO of Twitter.
Elon thinks Parag is just an a**-kissing CEO to please everyone.
Later, he refused to get a lecture from another Billionaire CEO of the crypto exchange FTX, Sam Bankman-Fried, about how to make Twitter a blockchain social media.
Elon Musk suddenly disliked the idea of Twitter, killing all bots and turning Twitter into blockchain social media.
What just happened?
Here is what I think is why he just turned around suddenly.
Twitter without bots is unprofitable anymore. Those bots can easily influence the opinions of viewers in the Twitter space.
https://twitter.com/paraga/status/1526237582211682304
Twitter is fighting hard, but more bots will likely be created and push more spam.
Yes, blockchain kills bots, but it makes social media becomes useless. Social media is a propaganda tool that spreads misinformation and disinformation. If social media loses its power to spread "the good news", why do people bother to use such a tool?
Twitter will have an existential crisis when bots are more than they can control that outweigh the profits Twitter can bring. That is when the end of the social media era. Rather than using blockchain to make the purposely computation speed goes slow, AI is an excellent tool to categorize bots and eliminate them. However, there will have spammers AI to fight the good AI later.
The more bots on Twitter, the less profitable the Twitter business will be. Twitter has to find a way to eventually reduce the increase of the bots and consistency have enough users in the space. One solution is to use a real identification verification process, which is also a privacy concern for many Web3 community raise concerns.
Another way is using the NFT identification process to prevent bots enrollment, but people can use multiple wallets to register the platform, which is another future problem.
Blockchain social media is a contradictory idea.
Support writer here or join Medium here
Photo by Alexander Shatov on Unsplash
Elon Musk just trashed Twitter again. And he is reluctant to buy Twitter. He claimed Twitter has a more vast bots population than human beings active in space.
The recent court documents released many discussions and conversations between billionaires and what they thought before acquiring a company.
https://twitter.com/tier10k/status/1575608164955074561
Elon planned to turn Twitter into blockchain social media because he thought the blockchain was a solution to prevent bots and spammers since the blockchain was created to fight email spammers in earlier days.
https://twitter.com/web3isgreat/status/1576048619425353728
But his plan did not go well.
First, Elon got soured with Parag Agrawal, who later became CEO of Twitter.
Elon thinks Parag is just an a**-kissing CEO to please everyone.
Later, he refused to get a lecture from another Billionaire CEO of the crypto exchange FTX, Sam Bankman-Fried, about how to make Twitter a blockchain social media.
Elon Musk suddenly disliked the idea of Twitter, killing all bots and turning Twitter into blockchain social media.
What just happened?
Here is what I think is why he just turned around suddenly.
Twitter without bots is unprofitable anymore. Those bots can easily influence the opinions of viewers in the Twitter space.
https://twitter.com/paraga/status/1526237582211682304
Twitter is fighting hard, but more bots will likely be created and push more spam.
Yes, blockchain kills bots, but it makes social media becomes useless. Social media is a propaganda tool that spreads misinformation and disinformation. If social media loses its power to spread "the good news", why do people bother to use such a tool?
Twitter will have an existential crisis when bots are more than they can control that outweigh the profits Twitter can bring. That is when the end of the social media era. Rather than using blockchain to make the purposely computation speed goes slow, AI is an excellent tool to categorize bots and eliminate them. However, there will have spammers AI to fight the good AI later.
The more bots on Twitter, the less profitable the Twitter business will be. Twitter has to find a way to eventually reduce the increase of the bots and consistency have enough users in the space. One solution is to use a real identification verification process, which is also a privacy concern for many Web3 community raise concerns.
Another way is using the NFT identification process to prevent bots enrollment, but people can use multiple wallets to register the platform, which is another future problem.
Blockchain social media is a contradictory idea.
Support writer here or join Medium here
Photo by Alexander Shatov on Unsplash
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