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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Kanye West got kicked out of JP Morgan Bank and forced to close the bank account.
Then West is seeking Satoshi for help. It reminds us that we will be victims someday, and our bank accounts can vanish for no reason.
https://twitter.com/BitcoinMagazine/status/1582059550793834496
We probably will never know why JP Morgan closed Kanye West's bank account unless one of the parties reveals the reason, which I suspect they will.
But it reveals the bank's power of financial censorship that one can potentially being censored if the bank has a legitimate reason to do so.
https://twitter.com/bennyjohnson/status/1581654607696384003
When you need the bank the most, they may surprise you with their services.
It reminds us that crypto is an alternative to the banking system that is censorship resistance.
Since no all of us are celebrities, you may loss everything at once without ever possible to speak out.
So what do you think about crypto?
A risky asset or an insurance policy?
You decide!
Support the writer here or join Medium here
Photo by Michael Dziedzic on Unsplash
Kanye West got kicked out of JP Morgan Bank and forced to close the bank account.
Then West is seeking Satoshi for help. It reminds us that we will be victims someday, and our bank accounts can vanish for no reason.
https://twitter.com/BitcoinMagazine/status/1582059550793834496
We probably will never know why JP Morgan closed Kanye West's bank account unless one of the parties reveals the reason, which I suspect they will.
But it reveals the bank's power of financial censorship that one can potentially being censored if the bank has a legitimate reason to do so.
https://twitter.com/bennyjohnson/status/1581654607696384003
When you need the bank the most, they may surprise you with their services.
It reminds us that crypto is an alternative to the banking system that is censorship resistance.
Since no all of us are celebrities, you may loss everything at once without ever possible to speak out.
So what do you think about crypto?
A risky asset or an insurance policy?
You decide!
Support the writer here or join Medium here
Photo by Michael Dziedzic on Unsplash
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