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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Money comes and goes. Famed comes and goes.
Many people think crypto is like money that comes and goes.
That is true, except crypto is not following traditional finance.
In traditional finance, authority makes trust.
People follow authority because they believe they are trustable.
No, until such trust has been breached and people reaccess the trust through influence.
Crypto creates its value through influence but not authority.
The more influence crypto has, the higher the price of crypto will have.
Authority has deteriorated ever since, and only authoritarian states can remain, but they no longer have the power as before.
People will re-evaluate what they believe and follow what is more influential.
We are heading into a populism society where everything is valuable not because authority defines but what people follow.
It will make the state more vulnerable and risky.
Change is a norm and stability will make you lose in the long term.
Therefore, you are either being influenced or to influence others.
That is where we are at...I think...
Photo by Ryan Plomp on Unsplash
Money comes and goes. Famed comes and goes.
Many people think crypto is like money that comes and goes.
That is true, except crypto is not following traditional finance.
In traditional finance, authority makes trust.
People follow authority because they believe they are trustable.
No, until such trust has been breached and people reaccess the trust through influence.
Crypto creates its value through influence but not authority.
The more influence crypto has, the higher the price of crypto will have.
Authority has deteriorated ever since, and only authoritarian states can remain, but they no longer have the power as before.
People will re-evaluate what they believe and follow what is more influential.
We are heading into a populism society where everything is valuable not because authority defines but what people follow.
It will make the state more vulnerable and risky.
Change is a norm and stability will make you lose in the long term.
Therefore, you are either being influenced or to influence others.
That is where we are at...I think...
Photo by Ryan Plomp on Unsplash
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