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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There will more and more banks hold crypto in the coming years. Even the crypto exchange will provide crypto banking services, and it will turn crypto more like a centralized system than the decentralized one we hope to be.
https://twitter.com/FatManTerra/status/1578665613610061824
How will this change the crypto landscape?
There is a deep understanding of the differences between our freedom and the equality we want to achieve.
Freedom gives one power of whatever they would prefer to do, while equality forces everyone to become equal.
Such a different approach to the ideology has been separated Bitcoin and Ethereum into the future.
Bitcoin focuses on the freedom of money without a centralized party to monitor the system to prevent inflating the cash through their power and jeopardizing the economy's future.
Ethereum focuses on the equality that every participant joins and contributes their power to a consensus as long as they have crypto on hand. Everyone has an equal opportunity to use the system as long as they are part of the community.
If people root for Bitcoin, they likely root for the freedom of money. However, they have complete control over it. If people roots for Ethereum, it is expected they root for equality so that everyone has equal opportunity to join the crypto and contribute whatever they can.
There is no right or wrong approach but a way you want to join and to believe.
There are groups of people full of money to buy into crypto solely to gain a financial advantage. There is nothing wrong with it. However, they offer financial products that further leverage such assets and accumulate them whenever possible. Then they turn crypto into magic investments that get you rich quickly. Such mentality makes crypto becomes centralized as people will purchase the product of crypto but not crypto itself. They may not truely believe what crypto offers but driven by the monetary incentive.
Of course, that is also okay. But understanding that crypto can impact the future is a step further to help everyone avoid the idea of a control system with no space for freedom or equality to survive.
I hope crypto will not become centralized, or it will become worthless in value, both monetary and ideologically.
Support writer here or join Medium here
Photo by Lysander Yuen on Unsplash
There will more and more banks hold crypto in the coming years. Even the crypto exchange will provide crypto banking services, and it will turn crypto more like a centralized system than the decentralized one we hope to be.
https://twitter.com/FatManTerra/status/1578665613610061824
How will this change the crypto landscape?
There is a deep understanding of the differences between our freedom and the equality we want to achieve.
Freedom gives one power of whatever they would prefer to do, while equality forces everyone to become equal.
Such a different approach to the ideology has been separated Bitcoin and Ethereum into the future.
Bitcoin focuses on the freedom of money without a centralized party to monitor the system to prevent inflating the cash through their power and jeopardizing the economy's future.
Ethereum focuses on the equality that every participant joins and contributes their power to a consensus as long as they have crypto on hand. Everyone has an equal opportunity to use the system as long as they are part of the community.
If people root for Bitcoin, they likely root for the freedom of money. However, they have complete control over it. If people roots for Ethereum, it is expected they root for equality so that everyone has equal opportunity to join the crypto and contribute whatever they can.
There is no right or wrong approach but a way you want to join and to believe.
There are groups of people full of money to buy into crypto solely to gain a financial advantage. There is nothing wrong with it. However, they offer financial products that further leverage such assets and accumulate them whenever possible. Then they turn crypto into magic investments that get you rich quickly. Such mentality makes crypto becomes centralized as people will purchase the product of crypto but not crypto itself. They may not truely believe what crypto offers but driven by the monetary incentive.
Of course, that is also okay. But understanding that crypto can impact the future is a step further to help everyone avoid the idea of a control system with no space for freedom or equality to survive.
I hope crypto will not become centralized, or it will become worthless in value, both monetary and ideologically.
Support writer here or join Medium here
Photo by Lysander Yuen on Unsplash
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