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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The NFT market is cooling down a lot.
https://twitter.com/MinisterOfNFTs/status/1568641564951416832
It is not just a bear market to bring down the NFT, it is a lack of integrity of the creators.
https://twitter.com/enjoyoor/status/1568720510481043458
To be more precise, too many creators try to gain rich overnight. Unfortunately, that kind of mentality did not serve well in the NFT marketplace, and it will take a reasonably long time to repair its reputation.
Although Metaverse is a different concept, it does not escape the rug pull effect within the NFT market.
https://twitter.com/petergyang/status/1569015916159184896
https://twitter.com/lilverse_nft/status/1568865639153934337
Owning NFTs was cool in 2021, but holding NFTs in 2022 symbols a loser.
There are too many scammers in the space that there is no way to restrict them unless the market turns itself into a centralized market.
https://twitter.com/CryptoConan/status/1568975221331206145
Too many exploitations of NFTs projects are presented to the market without validation.
Of course, anyone has no restriction to create their own NFTs, but that does not mean everyone can rug pull investors' money who tried to own some NFTs.
One thing is for sure self-regulation in the NFT marketplace is impossible.
https://twitter.com/ro_maul/status/1566939234484817920
Using decentralized technology, you cannot regulate people to post NFTs in the decentralized marketplace. You cannot track the scammers in the decentralized space and prevent creators rug pulling people.
https://twitter.com/Patrick__Novak/status/1568984061149941760
People will stay away from NFTs because there are difficult for them to validate themselves about the NFTs.
Sorry, NFTs will probably never come back alive.
Whoever rugged people before, the internet has all records, and once the regulation catches up, you will face a criminal charge with no time.
https://twitter.com/DegenLawAcademy/status/1566447826552307713
If you enjoy reading my articles, buy me a coffee here.
Photo by Bruno Kelzer on Unsplash
The NFT market is cooling down a lot.
https://twitter.com/MinisterOfNFTs/status/1568641564951416832
It is not just a bear market to bring down the NFT, it is a lack of integrity of the creators.
https://twitter.com/enjoyoor/status/1568720510481043458
To be more precise, too many creators try to gain rich overnight. Unfortunately, that kind of mentality did not serve well in the NFT marketplace, and it will take a reasonably long time to repair its reputation.
Although Metaverse is a different concept, it does not escape the rug pull effect within the NFT market.
https://twitter.com/petergyang/status/1569015916159184896
https://twitter.com/lilverse_nft/status/1568865639153934337
Owning NFTs was cool in 2021, but holding NFTs in 2022 symbols a loser.
There are too many scammers in the space that there is no way to restrict them unless the market turns itself into a centralized market.
https://twitter.com/CryptoConan/status/1568975221331206145
Too many exploitations of NFTs projects are presented to the market without validation.
Of course, anyone has no restriction to create their own NFTs, but that does not mean everyone can rug pull investors' money who tried to own some NFTs.
One thing is for sure self-regulation in the NFT marketplace is impossible.
https://twitter.com/ro_maul/status/1566939234484817920
Using decentralized technology, you cannot regulate people to post NFTs in the decentralized marketplace. You cannot track the scammers in the decentralized space and prevent creators rug pulling people.
https://twitter.com/Patrick__Novak/status/1568984061149941760
People will stay away from NFTs because there are difficult for them to validate themselves about the NFTs.
Sorry, NFTs will probably never come back alive.
Whoever rugged people before, the internet has all records, and once the regulation catches up, you will face a criminal charge with no time.
https://twitter.com/DegenLawAcademy/status/1566447826552307713
If you enjoy reading my articles, buy me a coffee here.
Photo by Bruno Kelzer on Unsplash
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