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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Lessons learned from the FTX collapse are more than you can comprehend now.
How can a multiple billion dollar global international company collapse in 8 days?
The CEO lied about everything he did and used investors' money to go the wall Street Bet-style gambling away funds.
Why no one spots his fraud and point out that everyone should listen?
When people questioned the company balance sheet, he claimed it was okay.
When investors withdrew all their money, he claimed it was fine.
When companies needed more money, he claimed everything was okay.
When the exchange was about to go dark, he claimed to withdraw was okay.
At this moment, nothing is okay.
CEX or Central Crypto Exchange lost its reputation.
People rely on them too much that they hope they can keep their promise. They cannot.
And greedy attracts more people to join a centralized exchange to offer unrealistic returns that they may need help to fulfill.
It is time to rethink crypto.
Think about what crypto can bring to you but no the other way around.
Support the writer here or join Medium here
Photo by Green Chameleon on Unsplash
Lessons learned from the FTX collapse are more than you can comprehend now.
How can a multiple billion dollar global international company collapse in 8 days?
The CEO lied about everything he did and used investors' money to go the wall Street Bet-style gambling away funds.
Why no one spots his fraud and point out that everyone should listen?
When people questioned the company balance sheet, he claimed it was okay.
When investors withdrew all their money, he claimed it was fine.
When companies needed more money, he claimed everything was okay.
When the exchange was about to go dark, he claimed to withdraw was okay.
At this moment, nothing is okay.
CEX or Central Crypto Exchange lost its reputation.
People rely on them too much that they hope they can keep their promise. They cannot.
And greedy attracts more people to join a centralized exchange to offer unrealistic returns that they may need help to fulfill.
It is time to rethink crypto.
Think about what crypto can bring to you but no the other way around.
Support the writer here or join Medium here
Photo by Green Chameleon on Unsplash
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