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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Twitter starts to verify facts.
https://twitter.com/RealSpikeCohen/status/1587873137269637120
The idea was implemented in Bitcoin to prevent double-spending and screen out the bad actors in the consensus blockchain without needing a third party.
Twitter is a social media platform that promotes freedom of speech after Elon's takeover.
Instead of running Twitter on the blockchain, Elon wants to have a system in check without a blockchain.
Does it really work?
It maybe not...
The problem is not what he can turn Twitter into and improve upon. The problem is how long Twitter acts as a censorship machine to interfere with the conversation.
If the social media platform takes the side of their opinion, it starts to change the dynamic of the conversation and turns it into a censorship machine.
Because the platform becomes a person to decide which side is right or wrong rather than solely providing services, Twitter then became a decision making machine to push opinions to users rather than letting them to decide what is right or wrong.
This is a dangerous movement.
And Twitter will inevitably face such a dilemma again at some point.
The past leadership chose to eliminate the conversation to avoid such risks. Because if you do not know the issues, where do people start their conversation?
It then turns into a conspiracy around Twitter and the more you dig into it, the more biases you can get.
Now, Twitter wants a reset.
Whoever enjoyed the previous setup environment suddenly faces their dilemma and potentially loss their credibility in the Twitter space.
You will see more ads pull off from Twitter because there is no way they can hide it anymore.
But will Twitter keep the platform "open" and for how long it can be sustainable this way?
At the end of the day, social media is a business model to profit from privacy and misinformation.
Such a business model will collapse along with the change of Twitter? Or it will make Twitter worst?
We do not know for sure.
Thinking it too late to buy Bitcoin? How about earning Bitcoin through daily spinning? Try Fold App here and start your Bitcoin earning journey with a free $2 to start!
Photo ref: https://9to5mac.com/2022/10/27/elon-musk-twitter-ceo-fires-company-executives/
Twitter starts to verify facts.
https://twitter.com/RealSpikeCohen/status/1587873137269637120
The idea was implemented in Bitcoin to prevent double-spending and screen out the bad actors in the consensus blockchain without needing a third party.
Twitter is a social media platform that promotes freedom of speech after Elon's takeover.
Instead of running Twitter on the blockchain, Elon wants to have a system in check without a blockchain.
Does it really work?
It maybe not...
The problem is not what he can turn Twitter into and improve upon. The problem is how long Twitter acts as a censorship machine to interfere with the conversation.
If the social media platform takes the side of their opinion, it starts to change the dynamic of the conversation and turns it into a censorship machine.
Because the platform becomes a person to decide which side is right or wrong rather than solely providing services, Twitter then became a decision making machine to push opinions to users rather than letting them to decide what is right or wrong.
This is a dangerous movement.
And Twitter will inevitably face such a dilemma again at some point.
The past leadership chose to eliminate the conversation to avoid such risks. Because if you do not know the issues, where do people start their conversation?
It then turns into a conspiracy around Twitter and the more you dig into it, the more biases you can get.
Now, Twitter wants a reset.
Whoever enjoyed the previous setup environment suddenly faces their dilemma and potentially loss their credibility in the Twitter space.
You will see more ads pull off from Twitter because there is no way they can hide it anymore.
But will Twitter keep the platform "open" and for how long it can be sustainable this way?
At the end of the day, social media is a business model to profit from privacy and misinformation.
Such a business model will collapse along with the change of Twitter? Or it will make Twitter worst?
We do not know for sure.
Thinking it too late to buy Bitcoin? How about earning Bitcoin through daily spinning? Try Fold App here and start your Bitcoin earning journey with a free $2 to start!
Photo ref: https://9to5mac.com/2022/10/27/elon-musk-twitter-ceo-fires-company-executives/
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