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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Ethereum has been the second place since its introduction in 2014. However, the recent FTX collapses made Ethereum's reputation in question.
Why Vitalik Buterin reputation in question?
ChatGPT stated that:
Vitalik Buterin is a well-known figure in the cryptocurrency and blockchain space. He is the co-founder of Ethereum, one of the largest and most successful blockchain networks in existence. He is also a prominent thinker and researcher in the field, known for his contributions to the development of smart contracts and decentralized applications. He has a positive reputation in the community for his contributions to the development of blockchain technology and his efforts to promote the use of blockchain for social good.
He sent the positive vibe to help Ethereum to focus on social good rather than profit.
Similarly, SBF who was the CEO of the FTX also provided social good through different ways and pretended he was philanthropy to scam investors' funds.
Now, FTX collapsed and SBF was accused of fraud.
How can Vitalik Buterin be trusted?
Vitalik was supported SBF during the collapsing of the FTX and he sold massive assets during the collapse of the FTX was in question.
Since Ethereum 2.0 was locked, many investors could not sell their stakes during the market crash.
Many people predict that one Ethereum 2.0 was able to withdraw, people would take profits and it would bring down Ethereum a lot.
We should see what will happen after the Shanghai update.
Photo by Raphael Lovaski on Unsplash
Ethereum has been the second place since its introduction in 2014. However, the recent FTX collapses made Ethereum's reputation in question.
Why Vitalik Buterin reputation in question?
ChatGPT stated that:
Vitalik Buterin is a well-known figure in the cryptocurrency and blockchain space. He is the co-founder of Ethereum, one of the largest and most successful blockchain networks in existence. He is also a prominent thinker and researcher in the field, known for his contributions to the development of smart contracts and decentralized applications. He has a positive reputation in the community for his contributions to the development of blockchain technology and his efforts to promote the use of blockchain for social good.
He sent the positive vibe to help Ethereum to focus on social good rather than profit.
Similarly, SBF who was the CEO of the FTX also provided social good through different ways and pretended he was philanthropy to scam investors' funds.
Now, FTX collapsed and SBF was accused of fraud.
How can Vitalik Buterin be trusted?
Vitalik was supported SBF during the collapsing of the FTX and he sold massive assets during the collapse of the FTX was in question.
Since Ethereum 2.0 was locked, many investors could not sell their stakes during the market crash.
Many people predict that one Ethereum 2.0 was able to withdraw, people would take profits and it would bring down Ethereum a lot.
We should see what will happen after the Shanghai update.
Photo by Raphael Lovaski on Unsplash
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