Web3 supports changing everything! Nope! You are too naive. https://twitter.com/Just_Kate/status/1559201097029677057 Although a16z wrote some fantasy Web3 stories, it does not mean they are all experts. https://twitter.com/ericzhu105/status/1559557525686521856 They seem to be walking toward the 3AC legendary journey to crash their funds in no time.Who is Neumann?Neumann rug pulled investors in Web2 from his company WeWork. He lied to investors and delayed IPO for the company he founded as lon...

Web3 supports changing everything! Nope! You are too naive. https://twitter.com/Just_Kate/status/1559201097029677057 Although a16z wrote some fantasy Web3 stories, it does not mean they are all experts. https://twitter.com/ericzhu105/status/1559557525686521856 They seem to be walking toward the 3AC legendary journey to crash their funds in no time.Who is Neumann?Neumann rug pulled investors in Web2 from his company WeWork. He lied to investors and delayed IPO for the company he founded as lon...

Quite Quitting is a trend. Gen Z has already realized that traditional jobs are meaningless. Can crypto help the job market? https://twitter.com/MetroUK_Life/status/1552911421457010688What is a traditional job?The traditional job can label dull, ineffective, bureaucratic, soul-crashing, and many more negative feelings attached. How do workers motivate to enjoy the boring work? Many suggestions are to try to convince yourself to believe in the job again and trick yourself into changing your mi...

Quite Quitting is a trend. Gen Z has already realized that traditional jobs are meaningless. Can crypto help the job market? https://twitter.com/MetroUK_Life/status/1552911421457010688What is a traditional job?The traditional job can label dull, ineffective, bureaucratic, soul-crashing, and many more negative feelings attached. How do workers motivate to enjoy the boring work? Many suggestions are to try to convince yourself to believe in the job again and trick yourself into changing your mi...

Ponzi Schemes have an upgraded version: Smart Contract Ponzi Schemes. It is more challenging for people to identify and pinpoint their operations running under the smart contract code. It is more difficult when the code is open source and immutable, which promotes transparency. A typical Ponzi Scheme Ponzi Scheme is an investment fraud that promotes high returns while only a few in the early investment period gain the full investment returns. It highly relies on newcomers to pay off investmen...

Ponzi Schemes have an upgraded version: Smart Contract Ponzi Schemes. It is more challenging for people to identify and pinpoint their operations running under the smart contract code. It is more difficult when the code is open source and immutable, which promotes transparency. A typical Ponzi Scheme Ponzi Scheme is an investment fraud that promotes high returns while only a few in the early investment period gain the full investment returns. It highly relies on newcomers to pay off investmen...

The modern financial system hates the gold system, which makes gold a fiat currency. Because they claimed the gold system created too many unnecessary financial crises. But the real problem is the corrupted system was designed to abandon the gold standard. The Newton's System Many people may not be familiar with the 17th-century of living style at all. Back in the 17th century, ideology collided between theology and science. Theology told the earth is the center of the universe, but scie...

The modern financial system hates the gold system, which makes gold a fiat currency. Because they claimed the gold system created too many unnecessary financial crises. But the real problem is the corrupted system was designed to abandon the gold standard. The Newton's System Many people may not be familiar with the 17th-century of living style at all. Back in the 17th century, ideology collided between theology and science. Theology told the earth is the center of the universe, but scie...

In late 2021, I wrote an article about A.I. vs. Blockchain. I realized it was closer than I expected. https://medium.com/@xuanling11/artificial-intelligence-vs-blockchain-the-future-of-machine-war-b685d208ba20?sk=874af90c7acbe857fa004c0ebe0d5e28Web2 is leading a future of technological centralism.The way we see the world in ancient is what we saw became what we believed. Later, the enlightenment process helped humans realize what they had seen was disguised by the nature principle. Once we te...

In late 2021, I wrote an article about A.I. vs. Blockchain. I realized it was closer than I expected. https://medium.com/@xuanling11/artificial-intelligence-vs-blockchain-the-future-of-machine-war-b685d208ba20?sk=874af90c7acbe857fa004c0ebe0d5e28Web2 is leading a future of technological centralism.The way we see the world in ancient is what we saw became what we believed. Later, the enlightenment process helped humans realize what they had seen was disguised by the nature principle. Once we te...

Have you heard about financial sanctions from the US on virtual currency? At least, I have not yet. But the US Department of Treasury has issued sanctions on two crypto services: Blender.io and Tornado Cash. https://twitter.com/SecBlinken/status/1556677862345801728 To clarify, the US sanctions on tools but not target specific entities or groups of people. https://twitter.com/jerrybrito/status/1556667240711438337 So why bother to sanction something that the government probably won't be ab...

Have you heard about financial sanctions from the US on virtual currency? At least, I have not yet. But the US Department of Treasury has issued sanctions on two crypto services: Blender.io and Tornado Cash. https://twitter.com/SecBlinken/status/1556677862345801728 To clarify, the US sanctions on tools but not target specific entities or groups of people. https://twitter.com/jerrybrito/status/1556667240711438337 So why bother to sanction something that the government probably won't be ab...

There is excitement about the Ethereum Merge. Many may hope the Merge solves many existing problems, but those may become misconceptions. Here are lists of misconceptions: ❎ Ethereum gas fees will reduce ❎ Transaction will be faster ❎ Ethereum blockchain will be a temporary halt ❎ Investors can withdraw staked ETH after the Merge ❎ Validators will not be able to withdraw rewards ❎ Running a node needs staking 32 ETH ❎ Staking APR is expected to triple Here are reasons of misconceptions: Ether...

There is excitement about the Ethereum Merge. Many may hope the Merge solves many existing problems, but those may become misconceptions. Here are lists of misconceptions: ❎ Ethereum gas fees will reduce ❎ Transaction will be faster ❎ Ethereum blockchain will be a temporary halt ❎ Investors can withdraw staked ETH after the Merge ❎ Validators will not be able to withdraw rewards ❎ Running a node needs staking 32 ETH ❎ Staking APR is expected to triple Here are reasons of misconceptions: Ether...

The blockchain is an automatic public ledger system to record transactions and track their accuracy while providing transparent information to all participating parties. The benefits of using blockchain are transparency, immutability, and efficiency. https://twitter.com/barducci/status/1558094827413438465 However, the opponents of the blockchain argued that it is an invaded, manipulated, and costly system. https://twitter.com/JohnReedStark/status/1558044432053768193 If you support blockchain ...

The blockchain is an automatic public ledger system to record transactions and track their accuracy while providing transparent information to all participating parties. The benefits of using blockchain are transparency, immutability, and efficiency. https://twitter.com/barducci/status/1558094827413438465 However, the opponents of the blockchain argued that it is an invaded, manipulated, and costly system. https://twitter.com/JohnReedStark/status/1558044432053768193 If you support blockchain ...

We have always heard about cryptocurrencies, crypto exchange, banking, and trading platforms, but we do not really grasp the idea of crypto banking. Crypto banking is a contradicted idea. If crypto is to replace banks and give users full control of digital money, why do you put your crypto into the bank? The new research paper argued that there are risks for banks to adopt crypto, but they did it anyway.Banks want cryptoCryptocurrency has a rough road at the beginning and continues to experie...

We have always heard about cryptocurrencies, crypto exchange, banking, and trading platforms, but we do not really grasp the idea of crypto banking. Crypto banking is a contradicted idea. If crypto is to replace banks and give users full control of digital money, why do you put your crypto into the bank? The new research paper argued that there are risks for banks to adopt crypto, but they did it anyway.Banks want cryptoCryptocurrency has a rough road at the beginning and continues to experie...

Ethereum sets to Merge on September 15. https://twitter.com/WatcherGuru/status/1558076486065725440 This event is excellent news for many users but bad for the miners. https://twitter.com/binance/status/1558166528415219713 Miners are launching their own chain to oppose the Merge. One of them is ETHW. Since Ethereum shifts from Proof of Work to Proof of Stake, miners' profits are likely dramatically reduced. There are 4 phases of the Merge:surgevergepurgesplurgeSurge Surge is the addition ...

Ethereum sets to Merge on September 15. https://twitter.com/WatcherGuru/status/1558076486065725440 This event is excellent news for many users but bad for the miners. https://twitter.com/binance/status/1558166528415219713 Miners are launching their own chain to oppose the Merge. One of them is ETHW. Since Ethereum shifts from Proof of Work to Proof of Stake, miners' profits are likely dramatically reduced. There are 4 phases of the Merge:surgevergepurgesplurgeSurge Surge is the addition ...

In the digital economy, everything is connected. As a result, banks are hogging digital currency to protect their wealth and secure deposits. As a result, banks are worrying about their future. Banks are not growing faster than the money created by the government. Cryptocurrency, on the other hand, is growing faster than ever.What’s up with all the digital currency being stored on bank servers?Depending on your perspective, digital currency is either a good thing or a bad thing. You could act...

In the digital economy, everything is connected. As a result, banks are hogging digital currency to protect their wealth and secure deposits. As a result, banks are worrying about their future. Banks are not growing faster than the money created by the government. Cryptocurrency, on the other hand, is growing faster than ever.What’s up with all the digital currency being stored on bank servers?Depending on your perspective, digital currency is either a good thing or a bad thing. You could act...

As the digital age takes off, so too does the interest in digital currencies and their potential use cases. From mobile money to bitcoin trading, digital currencies are becoming a staple of everyday life. In fact, according to news, 83% of millennial millionaires own cryptocurrencies. That’s a fast growth rate for a digital currency that’s still relatively new. But cryptocurrency is about to become mainstream — just wait and see how crypto becomes an integral part of people’s everyday lives. ...

As the digital age takes off, so too does the interest in digital currencies and their potential use cases. From mobile money to bitcoin trading, digital currencies are becoming a staple of everyday life. In fact, according to news, 83% of millennial millionaires own cryptocurrencies. That’s a fast growth rate for a digital currency that’s still relatively new. But cryptocurrency is about to become mainstream — just wait and see how crypto becomes an integral part of people’s everyday lives. ...