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...
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 ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
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...
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 ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
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AI or artificial intelligence is moving into the next phase.
AI creates chat responses like ChatGPT, one of the current valuable applications that makes the internet crazy again.
AI is an active technology while blockchain is more passive.
The blockchain validates information one by one through an incentive.
Satoshi was the one person turns such an incentive into digital money to reward participants for their contributions.
But I think the blockchain has more applications to use beyond money. Yet many projects were around how to maximize the benefits of the money without contributing more to improve your life.
That is why greed inflated along with digital money.
Unlike AI, data is an expense to allow the machine to run toward our goal.
It benefits the whole system as long as users fit more data into the machine.
Of course, we will have a privacy concern. But AI can evolve without infringing on one's privacy.
These two completely different philosophies of approach may change our mindset toward utilizing technology in the future.
We may not need more digital money to make only a few people rich but more technology to benefit everyone and make their life easier in the future.
AI or artificial intelligence is moving into the next phase.
AI creates chat responses like ChatGPT, one of the current valuable applications that makes the internet crazy again.
AI is an active technology while blockchain is more passive.
The blockchain validates information one by one through an incentive.
Satoshi was the one person turns such an incentive into digital money to reward participants for their contributions.
But I think the blockchain has more applications to use beyond money. Yet many projects were around how to maximize the benefits of the money without contributing more to improve your life.
That is why greed inflated along with digital money.
Unlike AI, data is an expense to allow the machine to run toward our goal.
It benefits the whole system as long as users fit more data into the machine.
Of course, we will have a privacy concern. But AI can evolve without infringing on one's privacy.
These two completely different philosophies of approach may change our mindset toward utilizing technology in the future.
We may not need more digital money to make only a few people rich but more technology to benefit everyone and make their life easier in the future.
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