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 US government dumps a total of around 51,352 Bitcoin into the market from the Silk Road marketplace dated back in 2014. It is estimated around $3B is worth of money the government will earn from Bitcoin selling.
The extra amounts of Bitcoin may increase the supply of the existing market which will bring down the value of Bitcoin if that is how the crypto market works.
However, there are more buyers than sellers in the market.
Since the Fed has lost their way to control the economy, they are struggling to bring down inflation without triggering an unemployment wave while Bitcoin will become resilient.
I don't think selling Bitcoin in the market will have any impact in the coming months.
Photo by Wance Paleri on Unsplash
The US government dumps a total of around 51,352 Bitcoin into the market from the Silk Road marketplace dated back in 2014. It is estimated around $3B is worth of money the government will earn from Bitcoin selling.
The extra amounts of Bitcoin may increase the supply of the existing market which will bring down the value of Bitcoin if that is how the crypto market works.
However, there are more buyers than sellers in the market.
Since the Fed has lost their way to control the economy, they are struggling to bring down inflation without triggering an unemployment wave while Bitcoin will become resilient.
I don't think selling Bitcoin in the market will have any impact in the coming months.
Photo by Wance Paleri on Unsplash
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