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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I mentioned that the most valuable thing in the world is debt 🧾.
The reason behind the valuable debt is that, unlike those valuable things, all the prices were the history that one had paid for. Its valuation is unstable and may depreciate, while debt is guaranteed to be paid off within the period under the agreement.
The dollar is a debt that the central bank guarantee to pay off and is one of the examples that a piece of paper is so valuable 💵.
While a new Tesla vehicle is less valuable because once you purchase it. The car will devaluate immediately when you drive off the curb, and the resale of the car will cost you even more than possessing the car.
The same is true for your real estate. You pay top money for prime real estate because it is so valuable, but the reality is because you can afford the price tag to make the real estate values, not because its price is so valuable.
The same idea applies to cryptocurrency. However, each type of cryptocurrency varies.
Bitcoin, for example, is an energy debt that miners input and extract out through computer power for the market to judge its value.
Ethereum is a concept that many projects will continue to build on and a debt that those projects can be paid off eventually.
Stock is a company's debt to promise it will grow in the future.
But all debts are promises that one will pay off eventually is an illusion for everyone to believe one day they will receive the debt payment until they cannot.
Because there is no one who will pay off the debt if they can continue borrowing, and people continue believing the debt can be paid off in the future.
What I just described is the modern economic model.
The wealthy do not rich because their debts are part of the national debts that can be trustable. The rest of us are unreliable debtors required to pay off debts immediately.
🤑 It seems like the economy is just another Ponzi Scheme.
✅ Yes, if you do not believe the system.
❌ No, if you continue playing the game.
If you still don't believe it, look at the second-biggest economy in the world - China.
Similar to Iceland's miracle that ended badly in 2008 of the housing crisis, China may face the same issue of housing debts that they may not be able to pay off.
The worst, many nations bet on China to become a trustable debtor, and they may be disappointed in the long term.
This is also bad news for nations that rely on China's economy.
Of course, there is no prediction intended in this article. We will see how it will go in the future.
Tired of News? Join Medium and read more interesting articles here! Or If you want to learn more about Medium. Or more here.
I mentioned that the most valuable thing in the world is debt 🧾.
The reason behind the valuable debt is that, unlike those valuable things, all the prices were the history that one had paid for. Its valuation is unstable and may depreciate, while debt is guaranteed to be paid off within the period under the agreement.
The dollar is a debt that the central bank guarantee to pay off and is one of the examples that a piece of paper is so valuable 💵.
While a new Tesla vehicle is less valuable because once you purchase it. The car will devaluate immediately when you drive off the curb, and the resale of the car will cost you even more than possessing the car.
The same is true for your real estate. You pay top money for prime real estate because it is so valuable, but the reality is because you can afford the price tag to make the real estate values, not because its price is so valuable.
The same idea applies to cryptocurrency. However, each type of cryptocurrency varies.
Bitcoin, for example, is an energy debt that miners input and extract out through computer power for the market to judge its value.
Ethereum is a concept that many projects will continue to build on and a debt that those projects can be paid off eventually.
Stock is a company's debt to promise it will grow in the future.
But all debts are promises that one will pay off eventually is an illusion for everyone to believe one day they will receive the debt payment until they cannot.
Because there is no one who will pay off the debt if they can continue borrowing, and people continue believing the debt can be paid off in the future.
What I just described is the modern economic model.
The wealthy do not rich because their debts are part of the national debts that can be trustable. The rest of us are unreliable debtors required to pay off debts immediately.
🤑 It seems like the economy is just another Ponzi Scheme.
✅ Yes, if you do not believe the system.
❌ No, if you continue playing the game.
If you still don't believe it, look at the second-biggest economy in the world - China.
Similar to Iceland's miracle that ended badly in 2008 of the housing crisis, China may face the same issue of housing debts that they may not be able to pay off.
The worst, many nations bet on China to become a trustable debtor, and they may be disappointed in the long term.
This is also bad news for nations that rely on China's economy.
Of course, there is no prediction intended in this article. We will see how it will go in the future.
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