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 CEOs are out.
Gemini co-founder Cameron Winklevoss is out of a director of Gemini Europe.
Other CEOs like Genesis CEO Michael Moro, MicroStrategy CEO Michael Saylor, Kraken CEO Jesse Powell, Alameda Research co-CEO Sam Trabucco, Celsius’ Alex Mashinsky, Neobank’s chief executive Daniel Leon, Polkadot Co-Founder Gavin Wood, and FTX.US President Brett Harrison are all announced to step down recently.
https://twitter.com/gavofyork/status/1583516332515282944
Will these indicate some shake-up on Web3, and what will come next?
Part of the reasons is the challenging market conditions that crypto may not hold its promises during the high inflation environment, but also potential tougher regulations are coming with institutional adoptions that likely take over crypto in the coming years.
I believe the crypto space is different than the traditional sense of the company, which the crypto changes every day.
The market evolves more frequently than ever, and previous visions will have to align with the market or be outdated.
Competition is fevered, and scams are everywhere.
That is why you need team members to stay as long as in the space as much as possible.
Plus, we do not need a CEO in a sense to lead the crypto company anyway.
As long as people have a workable idea, that is sufficient to push the "company" move forward.
In these senses, I do not worry about the Web3 future.
I would treat these exits are better to offer more opportunities for newbies.
Did you know you can earn crypto through Honeygain now? Jumptask has partnered with Honeygain to boost your passive income! You can earn more than a 50% bonus through crypto! Check out here for the announcement and join here to earn your $5!
Crypto CEOs are out.
Gemini co-founder Cameron Winklevoss is out of a director of Gemini Europe.
Other CEOs like Genesis CEO Michael Moro, MicroStrategy CEO Michael Saylor, Kraken CEO Jesse Powell, Alameda Research co-CEO Sam Trabucco, Celsius’ Alex Mashinsky, Neobank’s chief executive Daniel Leon, Polkadot Co-Founder Gavin Wood, and FTX.US President Brett Harrison are all announced to step down recently.
https://twitter.com/gavofyork/status/1583516332515282944
Will these indicate some shake-up on Web3, and what will come next?
Part of the reasons is the challenging market conditions that crypto may not hold its promises during the high inflation environment, but also potential tougher regulations are coming with institutional adoptions that likely take over crypto in the coming years.
I believe the crypto space is different than the traditional sense of the company, which the crypto changes every day.
The market evolves more frequently than ever, and previous visions will have to align with the market or be outdated.
Competition is fevered, and scams are everywhere.
That is why you need team members to stay as long as in the space as much as possible.
Plus, we do not need a CEO in a sense to lead the crypto company anyway.
As long as people have a workable idea, that is sufficient to push the "company" move forward.
In these senses, I do not worry about the Web3 future.
I would treat these exits are better to offer more opportunities for newbies.
Did you know you can earn crypto through Honeygain now? Jumptask has partnered with Honeygain to boost your passive income! You can earn more than a 50% bonus through crypto! Check out here for the announcement and join here to earn your $5!
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