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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The economy is not looking great.
Soft landing or hard landing is what mainstream media was talking about.
How about not landing or landing a crash?
The Fed will fight inflation to bring it down, that is its job.
But the Wall Street wants to go against the Fed agenda and tries to bring inflation back.
Until the Fed announced firmly that their fight of inflation is not over yet, the dream is crashing and recession is coming.
Of course, we all feel a bit about the recession already and the price has inflated since.
It will get harder and harder for the Fed to avoid recession and the interest rate will continue rising until the inflation rate or economy is down.
Will the crypto survive?
I think so but it will not be pretty.
Photo by Tommy Lisbin on Unsplash
The economy is not looking great.
Soft landing or hard landing is what mainstream media was talking about.
How about not landing or landing a crash?
The Fed will fight inflation to bring it down, that is its job.
But the Wall Street wants to go against the Fed agenda and tries to bring inflation back.
Until the Fed announced firmly that their fight of inflation is not over yet, the dream is crashing and recession is coming.
Of course, we all feel a bit about the recession already and the price has inflated since.
It will get harder and harder for the Fed to avoid recession and the interest rate will continue rising until the inflation rate or economy is down.
Will the crypto survive?
I think so but it will not be pretty.
Photo by Tommy Lisbin on Unsplash
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