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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When inflation is high, and US central bank has raised the interest rate to suppress the acceleration of the inflation, the Bank of England can not wait but do Quantitative Easing (QE) again?!
https://twitter.com/BitcoinMagazine/status/1575576517287251970
Unfortunately, the Bank of England has no choice but to QE during this challenging time.
https://twitter.com/MacroAlf/status/1575542737725968385
Why did England shoot its own feet, then?
One of the oversized industries is pension fund which composed 120% of the GDP of England. It is too big to fail.
The Bank of England is trying to avoid a systematic collapse of the economy rather than an unsystematic collapse as persistent inflation increases.
https://twitter.com/DAVID_FIRTH/status/1575473269351845888
UK has no control over US central bank and how they fight inflation. However, they can control their domestic economy through their monetary policy to stabilize their domestic market, but their fiat currency is further devalued.
And US central bank no longer had the power to bring further inflation down without increasing interest rates to break the economy.
With the current loss of confidence in the dollar and everyone losing, nations carry many more debts, and the central bank will go low-interest rate environment by printing more money to support its financial market to stabilize the market until it can no longer do.
Cryptocurrencies, particularly Bitcoin, will become more and more critical in the coming years to challenge the crown of dollar domination.
Support writer here or join Medium here
Photo by Benjamin Davies on Unsplash
When inflation is high, and US central bank has raised the interest rate to suppress the acceleration of the inflation, the Bank of England can not wait but do Quantitative Easing (QE) again?!
https://twitter.com/BitcoinMagazine/status/1575576517287251970
Unfortunately, the Bank of England has no choice but to QE during this challenging time.
https://twitter.com/MacroAlf/status/1575542737725968385
Why did England shoot its own feet, then?
One of the oversized industries is pension fund which composed 120% of the GDP of England. It is too big to fail.
The Bank of England is trying to avoid a systematic collapse of the economy rather than an unsystematic collapse as persistent inflation increases.
https://twitter.com/DAVID_FIRTH/status/1575473269351845888
UK has no control over US central bank and how they fight inflation. However, they can control their domestic economy through their monetary policy to stabilize their domestic market, but their fiat currency is further devalued.
And US central bank no longer had the power to bring further inflation down without increasing interest rates to break the economy.
With the current loss of confidence in the dollar and everyone losing, nations carry many more debts, and the central bank will go low-interest rate environment by printing more money to support its financial market to stabilize the market until it can no longer do.
Cryptocurrencies, particularly Bitcoin, will become more and more critical in the coming years to challenge the crown of dollar domination.
Support writer here or join Medium here
Photo by Benjamin Davies on Unsplash
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