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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Web3 is the weird place ever. A bunch of people got together to build something that may or may not work.
So why is Web3 the future?
https://twitter.com/3arrowscap/status/1576805669079945216
Death of an expert Who claimed to be an expert? Unfortunately, there are more and more experts on the internet. Watching YouTube for 10 minutes can boost your confident 100%, and watching a week of YouTube has prepared you to teach the rest of the internet how things work.
What makes an expert, then? If you can tell everything that the internet is searchable may not make you the one.
You probably will consider an expert is someone who can provide answers precisely and quickly.
It is not. An expert is a person who can question precisely such field and research depths to provide plausible solutions and make solutions workable.
Precision Matters
The problem of the internet, particularly with YouTube guru channels, is that they present them as experts on some kind and get very general solutions to the problem that sound precise. However, because many of us do not have a background in such subject matters, it makes us fall within the expert trap and believe them to sound correct.
Because we did not spend time around the subject, we had no specific expectations about what will happen rather than believing someone told us what would happen.
Scientific Inquiry vs. Guesstimate
There are usually 6 steps to discovering the truth through:
Observe and Ask Question: in this stage, we think about a question because of our observations
Research: we research our question
Formulate a Hypothesis: we come up with a theory
Test your Hypothesis: we test our theory in a fair and unbiased way
Conclude: we conclude a result of our research
Share Results: we share our idea with other people
However, many of the internet shares guesstimate results and skip step 4.
They offer solutions without possible persistence and observe the conclusion they make.
When the internet was doing guesstimate, we made fun of them.
When the government started doing guesstimate, we should be worried.
And that is precisely we are heading into serious trouble when the government is guesstimating our economy.
Why Web3 then? Maybe it is just a guesstimate?!
Support writer here or join Medium here
Photo by Hunters Race on Unsplash
Web3 is the weird place ever. A bunch of people got together to build something that may or may not work.
So why is Web3 the future?
https://twitter.com/3arrowscap/status/1576805669079945216
Death of an expert Who claimed to be an expert? Unfortunately, there are more and more experts on the internet. Watching YouTube for 10 minutes can boost your confident 100%, and watching a week of YouTube has prepared you to teach the rest of the internet how things work.
What makes an expert, then? If you can tell everything that the internet is searchable may not make you the one.
You probably will consider an expert is someone who can provide answers precisely and quickly.
It is not. An expert is a person who can question precisely such field and research depths to provide plausible solutions and make solutions workable.
Precision Matters
The problem of the internet, particularly with YouTube guru channels, is that they present them as experts on some kind and get very general solutions to the problem that sound precise. However, because many of us do not have a background in such subject matters, it makes us fall within the expert trap and believe them to sound correct.
Because we did not spend time around the subject, we had no specific expectations about what will happen rather than believing someone told us what would happen.
Scientific Inquiry vs. Guesstimate
There are usually 6 steps to discovering the truth through:
Observe and Ask Question: in this stage, we think about a question because of our observations
Research: we research our question
Formulate a Hypothesis: we come up with a theory
Test your Hypothesis: we test our theory in a fair and unbiased way
Conclude: we conclude a result of our research
Share Results: we share our idea with other people
However, many of the internet shares guesstimate results and skip step 4.
They offer solutions without possible persistence and observe the conclusion they make.
When the internet was doing guesstimate, we made fun of them.
When the government started doing guesstimate, we should be worried.
And that is precisely we are heading into serious trouble when the government is guesstimating our economy.
Why Web3 then? Maybe it is just a guesstimate?!
Support writer here or join Medium here
Photo by Hunters Race on Unsplash
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