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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Crypto staking is one of the consensus called Proof of Stake.
It is a way to reward workers from consensus to contribute power to support the ecosystem.
However, the SEC just fined Crypto exchange Kraken of their staking services.
Why SEC did it?
There is a misconception about yield and staking in the crypto exchange.
Because there is no way users know how the crypto exchange operates, those services can have a mix of yield and staking together but only give a rewarding result.
Yield is a crypto lending that bankrupts many crypto companies, including FTX. They are highly leveraged of what they did not have to attract investments from everywhere and hope to return their investors with rewards so they can keep the money.
Staking is what blockchain operation requires and a way to reward blockchain workers through their contribution.
Similarly, staking is also hoping users keep their money in the pool as long as possible.
But staking has not leveraged assets to possibly make the investment disappear.
Such investment lost usually occur from yield products due to their highly risky bet and highly returns of investment they promised at the first place.
And yield product is not hedge funds either because their investment portfolios are mixed with many god-known "promise" investments.
That is why yield is no no but staking is okay.
Photo by Afif Ramdhasuma on Unsplash
Crypto staking is one of the consensus called Proof of Stake.
It is a way to reward workers from consensus to contribute power to support the ecosystem.
However, the SEC just fined Crypto exchange Kraken of their staking services.
Why SEC did it?
There is a misconception about yield and staking in the crypto exchange.
Because there is no way users know how the crypto exchange operates, those services can have a mix of yield and staking together but only give a rewarding result.
Yield is a crypto lending that bankrupts many crypto companies, including FTX. They are highly leveraged of what they did not have to attract investments from everywhere and hope to return their investors with rewards so they can keep the money.
Staking is what blockchain operation requires and a way to reward blockchain workers through their contribution.
Similarly, staking is also hoping users keep their money in the pool as long as possible.
But staking has not leveraged assets to possibly make the investment disappear.
Such investment lost usually occur from yield products due to their highly risky bet and highly returns of investment they promised at the first place.
And yield product is not hedge funds either because their investment portfolios are mixed with many god-known "promise" investments.
That is why yield is no no but staking is okay.
Photo by Afif Ramdhasuma on Unsplash
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