Deglobalization is happening. Whether or not you believe it. Since the beginning of 2000, manufacturing power has awakened in Asia, and economists believed that globalization would benefit the whole world. I am not sure if that is totally accurate, but some countries did better than others. For example, China has been successfully becoming the world's second most significant economic zone. Not until COVID-19 hit and the war between Russia and Ukraine, did the deglobalization accelerate. ...

Deglobalization is happening. Whether or not you believe it. Since the beginning of 2000, manufacturing power has awakened in Asia, and economists believed that globalization would benefit the whole world. I am not sure if that is totally accurate, but some countries did better than others. For example, China has been successfully becoming the world's second most significant economic zone. Not until COVID-19 hit and the war between Russia and Ukraine, did the deglobalization accelerate. ...

Defi hacking is a pandemic now. We lost $2.2B this year, which marked the worst year of the crypto losses despite the fact that we are at the bear market, in which the market capital has shrunk to $1 trillion. https://twitter.com/nytimesbusiness/status/1575168544349847558 There are a few solutions that can prevent hacking. One of them is creating reversible transactions on Ethereum. https://twitter.com/kaili_jenner/status/1573727505491673088 Ah, it goes back to the debate on blockchain trilem...

Defi hacking is a pandemic now. We lost $2.2B this year, which marked the worst year of the crypto losses despite the fact that we are at the bear market, in which the market capital has shrunk to $1 trillion. https://twitter.com/nytimesbusiness/status/1575168544349847558 There are a few solutions that can prevent hacking. One of them is creating reversible transactions on Ethereum. https://twitter.com/kaili_jenner/status/1573727505491673088 Ah, it goes back to the debate on blockchain trilem...

The Securities Exchange Commission (SEC) has charged $1.26M to Kim Kardashian for social media promotion of a cryptocurrency offered by EthereumMax (EMAX). https://twitter.com/GaryGensler/status/1576897535427448832 Kim Kardashian failed to disclose the payment she received for promoting EMAX. Ryan Huegerich and many other claimants filed a class-action lawsuit against Kim Kardashian, Floyd Mayweather Jr, and Paul Pierce in a California district court, for promoting an Ethereum knockoff, Ether...

The Securities Exchange Commission (SEC) has charged $1.26M to Kim Kardashian for social media promotion of a cryptocurrency offered by EthereumMax (EMAX). https://twitter.com/GaryGensler/status/1576897535427448832 Kim Kardashian failed to disclose the payment she received for promoting EMAX. Ryan Huegerich and many other claimants filed a class-action lawsuit against Kim Kardashian, Floyd Mayweather Jr, and Paul Pierce in a California district court, for promoting an Ethereum knockoff, Ether...

Defi or decentralized finance is an alternative way to traditional finance. It sounds fancy, but it does not work in reality. Here is why:Securitization You cannot ignore the innovation of securitization that gives banks a further push on their asset management and expand their operation into more risky asset management in modern finance. https://twitter.com/Lempheter/status/1574746713738268672 In the past, banks heavily relied on deposits from users, but with securitization, banks can turn i...

Defi or decentralized finance is an alternative way to traditional finance. It sounds fancy, but it does not work in reality. Here is why:Securitization You cannot ignore the innovation of securitization that gives banks a further push on their asset management and expand their operation into more risky asset management in modern finance. https://twitter.com/Lempheter/status/1574746713738268672 In the past, banks heavily relied on deposits from users, but with securitization, banks can turn i...

Systematic risk is coming - a trust issue. The financial crisis in 1929 made the first central bank in the US collapse, and private bankers rescued the government. The global financial recession in 2008 almost collapsed the private banks until the government recused them. https://twitter.com/WallStreetSilv/status/1573537715324321793 The slowly deteriorated of the banking system and central banks showed the crack of how the current financial system may not be as sustained as we believed. The f...

Systematic risk is coming - a trust issue. The financial crisis in 1929 made the first central bank in the US collapse, and private bankers rescued the government. The global financial recession in 2008 almost collapsed the private banks until the government recused them. https://twitter.com/WallStreetSilv/status/1573537715324321793 The slowly deteriorated of the banking system and central banks showed the crack of how the current financial system may not be as sustained as we believed. The f...

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 y...

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 y...

There is more than just a ban on Tornado Cash. https://twitter.com/EmilyMMeyers/status/1570930285805711362 Since the US Treasury Department announced sanctioning Tornado Cash, it is clear the government chooses AI to move forward with future technology selection rather than crypto. Why is AI a bad choice for the future? Let's explore.A truly surveillance statehttps://twitter.com/CSIS/status/1555237126886854657 AI is all about data. But, unfortunately, it is an invasive technology that di...

There is more than just a ban on Tornado Cash. https://twitter.com/EmilyMMeyers/status/1570930285805711362 Since the US Treasury Department announced sanctioning Tornado Cash, it is clear the government chooses AI to move forward with future technology selection rather than crypto. Why is AI a bad choice for the future? Let's explore.A truly surveillance statehttps://twitter.com/CSIS/status/1555237126886854657 AI is all about data. But, unfortunately, it is an invasive technology that di...

Bond hits 4% while Defi hits 0.01%! So why is Defi not working anymore? To attract more funds to invest into the pool, either bonds or Defi, you need to find other investments that can lend more returns than you pay to investors. Defi used to be successful because the crypto market seemed to rise unlimited to the moon. However, when the market falls, the yield cannot cancel out the payoff to investors, making the pool return negative and forcing lending unprofitable. Even the crypto market ha...

Bond hits 4% while Defi hits 0.01%! So why is Defi not working anymore? To attract more funds to invest into the pool, either bonds or Defi, you need to find other investments that can lend more returns than you pay to investors. Defi used to be successful because the crypto market seemed to rise unlimited to the moon. However, when the market falls, the yield cannot cancel out the payoff to investors, making the pool return negative and forcing lending unprofitable. Even the crypto market ha...

There are so many promises from cryptocurrency. Dated back in 2014, one of the promises of Bitcoin is to become a future payment system. You may question the advantage of using Bitcoin as the payment system rather than using said Paypal? Bitcoin isn't the fast transaction alternative, and transaction fees aren't that cheap if you include all the mining energy of running the entire nodes. Bitcoin has not reached anonymous and is not truly a trustless blockchain network. Bitcoin is no...

There are so many promises from cryptocurrency. Dated back in 2014, one of the promises of Bitcoin is to become a future payment system. You may question the advantage of using Bitcoin as the payment system rather than using said Paypal? Bitcoin isn't the fast transaction alternative, and transaction fees aren't that cheap if you include all the mining energy of running the entire nodes. Bitcoin has not reached anonymous and is not truly a trustless blockchain network. Bitcoin is no...

Elon Musk just trashed Twitter again. And he is reluctant to buy Twitter. He claimed Twitter has a more vast bots population than human beings active in space. The recent court documents released many discussions and conversations between billionaires and what they thought before acquiring a company. https://twitter.com/tier10k/status/1575608164955074561 Elon planned to turn Twitter into blockchain social media because he thought the blockchain was a solution to prevent bots and spammers sinc...

Elon Musk just trashed Twitter again. And he is reluctant to buy Twitter. He claimed Twitter has a more vast bots population than human beings active in space. The recent court documents released many discussions and conversations between billionaires and what they thought before acquiring a company. https://twitter.com/tier10k/status/1575608164955074561 Elon planned to turn Twitter into blockchain social media because he thought the blockchain was a solution to prevent bots and spammers sinc...

Cryptocurrency may not promise you to become rich immediately, but it did foresee the worst scenario of the fiat currency - uncontrollable inflation that makes fiat currency unstable. We knew it would happen, but it just did not happen as quickly as we imagined dating back to 2008. Inflation is climbing into the most dangerous zone in decades: https://twitter.com/SamRo/status/1574214717500928000 These types of inflation usually will never occur unless we were: ✅ at war ✅ at the trade war ✅ at...

Cryptocurrency may not promise you to become rich immediately, but it did foresee the worst scenario of the fiat currency - uncontrollable inflation that makes fiat currency unstable. We knew it would happen, but it just did not happen as quickly as we imagined dating back to 2008. Inflation is climbing into the most dangerous zone in decades: https://twitter.com/SamRo/status/1574214717500928000 These types of inflation usually will never occur unless we were: ✅ at war ✅ at the trade war ✅ at...

When inflation is high, and US central bank has raised the interest rate to suppress the acceleration of the inflation, the Bank of England can not wait but do Quantitative Easing (QE) again?! https://twitter.com/BitcoinMagazine/status/1575576517287251970 Unfortunately, the Bank of England has no choice but to QE during this challenging time. https://twitter.com/MacroAlf/status/1575542737725968385 Why did England shoot its own feet, then? One of the oversized industries is pension fund which ...

When inflation is high, and US central bank has raised the interest rate to suppress the acceleration of the inflation, the Bank of England can not wait but do Quantitative Easing (QE) again?! https://twitter.com/BitcoinMagazine/status/1575576517287251970 Unfortunately, the Bank of England has no choice but to QE during this challenging time. https://twitter.com/MacroAlf/status/1575542737725968385 Why did England shoot its own feet, then? One of the oversized industries is pension fund which ...