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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Crypto used to be cool, now it is a dog show...
Besides the meme coin dog show such as Dogecoin, Shiba, Floki and many other dog-related image coins, many are not functioning as what the coin is supposed to be.
People judges crypto on how popular they are.
That is all.
No more than trying to understand how the blockchain works and what makes the crypto unique than others.
Rather, people looks how fast they can turn around their profits overnight.
If you are looking to hold one day and dump the next day, you are likely missing the point about the crypto.
There are much more than just making quick profits.
Crypto is one of the hope that we can make current financial system and social system change.
From a centralized system to more toward to decentralization, crypto brings power back to people.
Otherwise, a centralized system can operate as it is for longer than ever.
You may not ever have a chance to change your future.
But crypto now is a dog show. Despite how good dog can hunt or not, it is about how popular the dog can perform to impress judges like you.
That is not the purpose of the crypto.
If we prefer such crypto influence, then the current financial system is better.
Photo by Jeyakumaran Mayooresan on Unsplash
Crypto used to be cool, now it is a dog show...
Besides the meme coin dog show such as Dogecoin, Shiba, Floki and many other dog-related image coins, many are not functioning as what the coin is supposed to be.
People judges crypto on how popular they are.
That is all.
No more than trying to understand how the blockchain works and what makes the crypto unique than others.
Rather, people looks how fast they can turn around their profits overnight.
If you are looking to hold one day and dump the next day, you are likely missing the point about the crypto.
There are much more than just making quick profits.
Crypto is one of the hope that we can make current financial system and social system change.
From a centralized system to more toward to decentralization, crypto brings power back to people.
Otherwise, a centralized system can operate as it is for longer than ever.
You may not ever have a chance to change your future.
But crypto now is a dog show. Despite how good dog can hunt or not, it is about how popular the dog can perform to impress judges like you.
That is not the purpose of the crypto.
If we prefer such crypto influence, then the current financial system is better.
Photo by Jeyakumaran Mayooresan on Unsplash
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