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...
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 ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
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...
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 ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
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The crypto domino was falling, triggered by Luna Terra Stablecion.
The creator of Luna Do Kwon was playing innocent.
Now the SEC is after him.
Terraform Labs is the company behind Luna blockchain.
Yes, the crypto company...
How the blockchain automatically transacts money needs a company is really a question behind all these wonderlands of money creation.
Anyhow, the SEC is charging Terraform Labs of fraud.
Luna which is the native token of the Terra blockchain, collapsed within a week in 2022 marked the start of the crypto falling.
The creator was on the run even those he claimed he was not.
$45B of market cap vanished within a week and many later collapsed can all be tracked back to Luna.
A chain reaction of the bankruptcy continued into 2023.
Thanks to its stablecoin UST, an algorithm stablecoin that pegs through an algorithm. And apparently, that is not working out so well.
The rest is the history.
The company has gone, the founders were running and defending in Twitter. Dening anything wrong doing in front of the internet.
Apparently, that is not working either.
The question is why a blockchain needs a company to run anyway?!
It sounds very suspicious...
Photo by Emily Morter on Unsplash
The crypto domino was falling, triggered by Luna Terra Stablecion.
The creator of Luna Do Kwon was playing innocent.
Now the SEC is after him.
Terraform Labs is the company behind Luna blockchain.
Yes, the crypto company...
How the blockchain automatically transacts money needs a company is really a question behind all these wonderlands of money creation.
Anyhow, the SEC is charging Terraform Labs of fraud.
Luna which is the native token of the Terra blockchain, collapsed within a week in 2022 marked the start of the crypto falling.
The creator was on the run even those he claimed he was not.
$45B of market cap vanished within a week and many later collapsed can all be tracked back to Luna.
A chain reaction of the bankruptcy continued into 2023.
Thanks to its stablecoin UST, an algorithm stablecoin that pegs through an algorithm. And apparently, that is not working out so well.
The rest is the history.
The company has gone, the founders were running and defending in Twitter. Dening anything wrong doing in front of the internet.
Apparently, that is not working either.
The question is why a blockchain needs a company to run anyway?!
It sounds very suspicious...
Photo by Emily Morter on Unsplash
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