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...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
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 ...
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...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
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 ...
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Here is part 5 of the Defi guide and you can reference the detail here.
TL;DR
Commodity Futures
Commodity Futures are rigged
Insurance
Insurance is rigged
Housing Market
Housing Market is rigged
Crypto vs. Shadow Banks
Commodity Futures
The commodity price is stable to the general public but it fluctuates daily due to future markets with buying and selling contracts of such commodities (source).
Commodity Futures are rigged
Big banks control commodities particularly silver and gold and they can possibly suppress prices to create FOMO buying and selling (source).
JP Morgan settles spoofing lawsuit (source)
Price fixing in the commodity market is very common.
For example in the oil market:
Look at the oil market (source), OPEC monopoly has always been an influential factor in the oil price market (source) and the price of oil will continue increasing to unsustainable levels with the possible individual countries to supply their own oil (source).
There is even a water index!
Yet we still profiting from a crisis like water shortage.
Insurance
It is a way to hedge risk by providing investment institutions a stream of cash with conditions that once risk occurred and to meet with those contractual conditions in order for companies to cover their loss, not your loss (source).
Insurance is rigged
Insurance companies use your credit score against you.
Housing Market
House prices increase with inflation or at least it increases with the trend.
Housing Market is rigged
The price has been rigged because of the so-called supply shortage. Many are calling housing bubble (source).
But it is really that Wall Street is building up houses with boomers!
Another financial crisis may just be brewing (source).
Crypto vs. Shadow Banks
So why crypto is better than shadow banks?
The core difference is crypto is particularly more decentralized to remove the single point of failure while shadow banks are controlling with heavily relying on a single point of concentration.
The 51% attack has not yet happened in crypto yet.
Stay tuned for the next part of the Defi Guide!
Here is part 5 of the Defi guide and you can reference the detail here.
TL;DR
Commodity Futures
Commodity Futures are rigged
Insurance
Insurance is rigged
Housing Market
Housing Market is rigged
Crypto vs. Shadow Banks
Commodity Futures
The commodity price is stable to the general public but it fluctuates daily due to future markets with buying and selling contracts of such commodities (source).
Commodity Futures are rigged
Big banks control commodities particularly silver and gold and they can possibly suppress prices to create FOMO buying and selling (source).
JP Morgan settles spoofing lawsuit (source)
Price fixing in the commodity market is very common.
For example in the oil market:
Look at the oil market (source), OPEC monopoly has always been an influential factor in the oil price market (source) and the price of oil will continue increasing to unsustainable levels with the possible individual countries to supply their own oil (source).
There is even a water index!
Yet we still profiting from a crisis like water shortage.
Insurance
It is a way to hedge risk by providing investment institutions a stream of cash with conditions that once risk occurred and to meet with those contractual conditions in order for companies to cover their loss, not your loss (source).
Insurance is rigged
Insurance companies use your credit score against you.
Housing Market
House prices increase with inflation or at least it increases with the trend.
Housing Market is rigged
The price has been rigged because of the so-called supply shortage. Many are calling housing bubble (source).
But it is really that Wall Street is building up houses with boomers!
Another financial crisis may just be brewing (source).
Crypto vs. Shadow Banks
So why crypto is better than shadow banks?
The core difference is crypto is particularly more decentralized to remove the single point of failure while shadow banks are controlling with heavily relying on a single point of concentration.
The 51% attack has not yet happened in crypto yet.
Stay tuned for the next part of the Defi Guide!
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