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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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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The government has always tried to regulate crypto.
They wanted the bear market to tank the crypto and it did.
But the bear did not feel strong enough to bring it all down.
Now, the government is concerned about crypto and how it will impact its money in the future.
Regulating crypto us tricky because the crypto has some useful features that the current monetary system can adopt, such as fast transactions and automation in the blockchain.
However, there are some features such as privacy issues and scamming people, that regulations may and may not be able to prevent at the time.
Crypto can be better to provide more people to access to bank-like services but it also attracts scammers to fish targets around.
Of course, banning crypto will prevent all possible innovations in the future.
What the government will do is quite interesting in the future.
Photo by Jan Antonin Kolar on Unsplash
The government has always tried to regulate crypto.
They wanted the bear market to tank the crypto and it did.
But the bear did not feel strong enough to bring it all down.
Now, the government is concerned about crypto and how it will impact its money in the future.
Regulating crypto us tricky because the crypto has some useful features that the current monetary system can adopt, such as fast transactions and automation in the blockchain.
However, there are some features such as privacy issues and scamming people, that regulations may and may not be able to prevent at the time.
Crypto can be better to provide more people to access to bank-like services but it also attracts scammers to fish targets around.
Of course, banning crypto will prevent all possible innovations in the future.
What the government will do is quite interesting in the future.
Photo by Jan Antonin Kolar on Unsplash
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