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 global adoption of cryptocurrencies is accelerating. Governments are fear of cryptos and ban them left and right. Other countries want regulations to restrict the growth rate of the cryptos but regulations are slow to leave crypto surpassing regulations.
Here is a 1 min summary of the article if you want to skip the reading.
Regulations Are Restrictions
Regulations do not help the growth of crypto. It will prevent crypto growth in the way to give traditional financial systems to catch up. However, the traditional financial system is not listening to the voice of people but continues conducting their business as usual. How traditional financial system can evolve without considering other voices?
Global Regulations
Global regulations will be required some entities to oversee their operations. It is likely will form a global government to oversee the global operation. With the global scale of regulations, the government is more powerful to obtain more data and easily suppress individuals.
Company Is Obsolete
When the company was formed, the purpose was to serve citizens and provide business for them. However, the company did a very bad job due to power struggles and power domination. Crypto is able to create governance without the government. If crypto can bring people and form a better organization, what is the purpose of a company exist?
Regulations Will Not Stop Crypto
With the fast acceleration of crypto, regulations will be difficult to catch up with the crypto pace. Regulations need time to dispute and confine while the crypto continues evolving faster than ever. The more people join and contribute to the crypto, the faster it can evolve.
In Conclusion
I do not believe in global regulations and will form a global organization for corruption. The crypto is a future to form its own organization and solve many social issues in the future.
The global adoption of cryptocurrencies is accelerating. Governments are fear of cryptos and ban them left and right. Other countries want regulations to restrict the growth rate of the cryptos but regulations are slow to leave crypto surpassing regulations.
Here is a 1 min summary of the article if you want to skip the reading.
Regulations Are Restrictions
Regulations do not help the growth of crypto. It will prevent crypto growth in the way to give traditional financial systems to catch up. However, the traditional financial system is not listening to the voice of people but continues conducting their business as usual. How traditional financial system can evolve without considering other voices?
Global Regulations
Global regulations will be required some entities to oversee their operations. It is likely will form a global government to oversee the global operation. With the global scale of regulations, the government is more powerful to obtain more data and easily suppress individuals.
Company Is Obsolete
When the company was formed, the purpose was to serve citizens and provide business for them. However, the company did a very bad job due to power struggles and power domination. Crypto is able to create governance without the government. If crypto can bring people and form a better organization, what is the purpose of a company exist?
Regulations Will Not Stop Crypto
With the fast acceleration of crypto, regulations will be difficult to catch up with the crypto pace. Regulations need time to dispute and confine while the crypto continues evolving faster than ever. The more people join and contribute to the crypto, the faster it can evolve.
In Conclusion
I do not believe in global regulations and will form a global organization for corruption. The crypto is a future to form its own organization and solve many social issues in the future.
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