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 bank is a financial institution's most visible face of systemic risk. When one or more financial institutions fail or are wound down, the system becomes less secure: once again, access to traditional banking services is curtailed. The consequences for an individual institution are also different this time around: if there is a bank run, it will result in higher costs for consumers and other financial institutions, which means more competition and lower barriers to entry for new savers. That is why bank has insurance to prevent bank run. Unfortunately, crypto has no insurance and is prone to bank run.
How to prevent bank run when there is one To avoid being a target of a bank run, you need to: Keep tabs on your money— Don’t place personal information on third parties or use social media as your primary means of communication with the outside world. If you have personal accounts with banks, watch them carefully and report suspicious activity immediately; if you don’t, they may become targets of a bank run. Map out your strategy ahead of time— As with any bad situation, you need to plan out how to handle it from here on out. Keep tabs on what documents are being produced and what actions need to be taken so that they do not fall into the wrong hands (see above). It’s not always easy but keeping tabs on your money is just as important as keeping tabs on your cash.
In the event of a bank run, you may have a few options. If you have assets that can be used as indicators of financial weakness or that may indicate the need for higher stress, you may want to sell them or donate them to a business that specializes in financial strength-building. Or you may keep them and use them as a source of protection—if you are able to keep them from falling into the wrong hands.
If you have assets that can be used as indicators of financial weakness or that may indicate the need for higher stress, you may want to sell them or donate them to a business that specializes in financial strength-building. Or you may keep them and use them as a source of protection—if you are able to keep them from falling into the wrong hands.
As with any business, if you are able to attract customers and make a profit, the more secure your platform, the better. In this instance, it is important to make sure your business model is attractive to customers and that you have strong financial backing to help you get there.
If you have assets that can be used as indicators of financial weakness or that may indicate the need for higher stress, you may want to sell them or donate them to a business that specializes in financial strength-building. Or you may keep them and use them as a source of protection—if you are able to keep them from falling into the wrong hands.
The consequences for an individual institution are also different this time around: if there is a bank run, it will result in higher costs for consumers and other financial institutions, which means more competition and lower barriers to entry for new savers. Map out your strategy ahead of time— As with any bad situation, you need to plan out how to handle it from here on out. Keep tabs on what documents are being produced and what actions need to be taken so that they do not fall into the wrong hands (see above). It’s not always easy but keeping tabs on your money is just as important as keeping tabs on your cash.
Photo by lucas Favre on Unsplash
The bank is a financial institution's most visible face of systemic risk. When one or more financial institutions fail or are wound down, the system becomes less secure: once again, access to traditional banking services is curtailed. The consequences for an individual institution are also different this time around: if there is a bank run, it will result in higher costs for consumers and other financial institutions, which means more competition and lower barriers to entry for new savers. That is why bank has insurance to prevent bank run. Unfortunately, crypto has no insurance and is prone to bank run.
How to prevent bank run when there is one To avoid being a target of a bank run, you need to: Keep tabs on your money— Don’t place personal information on third parties or use social media as your primary means of communication with the outside world. If you have personal accounts with banks, watch them carefully and report suspicious activity immediately; if you don’t, they may become targets of a bank run. Map out your strategy ahead of time— As with any bad situation, you need to plan out how to handle it from here on out. Keep tabs on what documents are being produced and what actions need to be taken so that they do not fall into the wrong hands (see above). It’s not always easy but keeping tabs on your money is just as important as keeping tabs on your cash.
In the event of a bank run, you may have a few options. If you have assets that can be used as indicators of financial weakness or that may indicate the need for higher stress, you may want to sell them or donate them to a business that specializes in financial strength-building. Or you may keep them and use them as a source of protection—if you are able to keep them from falling into the wrong hands.
If you have assets that can be used as indicators of financial weakness or that may indicate the need for higher stress, you may want to sell them or donate them to a business that specializes in financial strength-building. Or you may keep them and use them as a source of protection—if you are able to keep them from falling into the wrong hands.
As with any business, if you are able to attract customers and make a profit, the more secure your platform, the better. In this instance, it is important to make sure your business model is attractive to customers and that you have strong financial backing to help you get there.
If you have assets that can be used as indicators of financial weakness or that may indicate the need for higher stress, you may want to sell them or donate them to a business that specializes in financial strength-building. Or you may keep them and use them as a source of protection—if you are able to keep them from falling into the wrong hands.
The consequences for an individual institution are also different this time around: if there is a bank run, it will result in higher costs for consumers and other financial institutions, which means more competition and lower barriers to entry for new savers. Map out your strategy ahead of time— As with any bad situation, you need to plan out how to handle it from here on out. Keep tabs on what documents are being produced and what actions need to be taken so that they do not fall into the wrong hands (see above). It’s not always easy but keeping tabs on your money is just as important as keeping tabs on your cash.
Photo by lucas Favre on Unsplash
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