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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Does Bitcoin represent an absolute power of money?
Fiat money is used to present the absolute power of money because there is no alternative.
Similarly, Bitcoin has no absolute power over fiat money because it always refers back to fiat for its valuation.
It can not sustain by itself through its own valuation. It has to trade back fiat money to verify its own valuation.
Unlike fiat currency, it presents itself in the way of a value of "1" and is absolutely fixed despite losing valuation yearly.
Thus, Bitcoin is not absolute but a relative currency compares to fiat currency.
And Bitcoin will lose its reference if fiat currency gains its valuation.
All assets are working the same as Bitcoin.
Therefore, Bitcoin is just like another kind of asset rather in the digital form.
Photo by Daniele Levis Pelusi on Unsplash
Does Bitcoin represent an absolute power of money?
Fiat money is used to present the absolute power of money because there is no alternative.
Similarly, Bitcoin has no absolute power over fiat money because it always refers back to fiat for its valuation.
It can not sustain by itself through its own valuation. It has to trade back fiat money to verify its own valuation.
Unlike fiat currency, it presents itself in the way of a value of "1" and is absolutely fixed despite losing valuation yearly.
Thus, Bitcoin is not absolute but a relative currency compares to fiat currency.
And Bitcoin will lose its reference if fiat currency gains its valuation.
All assets are working the same as Bitcoin.
Therefore, Bitcoin is just like another kind of asset rather in the digital form.
Photo by Daniele Levis Pelusi on Unsplash
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