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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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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Charlie Munger claimed that people who are buying crypto are stupid.
Oh well... it depends...
Who is more stupid to buy stocks and hope the company can generate profits but who can manage their own money without worrying the money can take away from the government?
I think it is a choice to own crypto.
Whether the crypto will work or not, we do not know.
But to disregard the potential is not a great idea.
Simply making a statement to bring down crypto is not wise.
By the way, why Charlie comes in front of the mainstream media to promote China?
The Chinese economy is going down, and it will not end well with their balloon inflated economy.
Institutional investors promote it because they are nothing good, rather than keeping the last trend to continue until it is not working.
That is just another pump and dump in the financial market we will see soon.
Photo by Michal Matlon on Unsplash
Charlie Munger claimed that people who are buying crypto are stupid.
Oh well... it depends...
Who is more stupid to buy stocks and hope the company can generate profits but who can manage their own money without worrying the money can take away from the government?
I think it is a choice to own crypto.
Whether the crypto will work or not, we do not know.
But to disregard the potential is not a great idea.
Simply making a statement to bring down crypto is not wise.
By the way, why Charlie comes in front of the mainstream media to promote China?
The Chinese economy is going down, and it will not end well with their balloon inflated economy.
Institutional investors promote it because they are nothing good, rather than keeping the last trend to continue until it is not working.
That is just another pump and dump in the financial market we will see soon.
Photo by Michal Matlon on Unsplash
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