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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The Ethereum Merge just fired all Ethereum miners after the merge happened. However, miners united to produce ETHPOW against the PoS. Will ETHPOW survive in the future?
https://twitter.com/ChandlerGuo/status/1552384442580312071
ETHPOW or Ethereum Proof-of-Work is a hardfork from the Merge, which tries to maintain the Proof-of-Work consensus.
Chandler Guo is the leading figure who supported the Ethereum Classic in the past and supported the ETHPOW.
ETHPOW has no infrastructure with a wallet or a block explorer before launch. As a result, there has not enough technical support for the ecosystem but only for cryptocurrency itself.
There has already been Ethereum Classic which was hardfork in 2016 after the Ethereum DAO was hacked and has had many miners since then.
The lack of developers and users will likely put ETHPOW into a downward spiral of blockchain usage until abandoned by users eventually.
https://twitter.com/TheCryptoLark/status/1572350329945214980
Despite the disappointing performance in the market, the Ethereum supply side has been dramatically reduced due to the current inflation occurring in the fiat currency, which dragged the growth down.
The key to economic sense is to slowly and steadily grow the ecosystem rather than inflate its growth in the short term.
We need the patience to see how Ethereum will develop and not to focus on short-term growth.
Photo by Dan Burton on Unsplash
The Ethereum Merge just fired all Ethereum miners after the merge happened. However, miners united to produce ETHPOW against the PoS. Will ETHPOW survive in the future?
https://twitter.com/ChandlerGuo/status/1552384442580312071
ETHPOW or Ethereum Proof-of-Work is a hardfork from the Merge, which tries to maintain the Proof-of-Work consensus.
Chandler Guo is the leading figure who supported the Ethereum Classic in the past and supported the ETHPOW.
ETHPOW has no infrastructure with a wallet or a block explorer before launch. As a result, there has not enough technical support for the ecosystem but only for cryptocurrency itself.
There has already been Ethereum Classic which was hardfork in 2016 after the Ethereum DAO was hacked and has had many miners since then.
The lack of developers and users will likely put ETHPOW into a downward spiral of blockchain usage until abandoned by users eventually.
https://twitter.com/TheCryptoLark/status/1572350329945214980
Despite the disappointing performance in the market, the Ethereum supply side has been dramatically reduced due to the current inflation occurring in the fiat currency, which dragged the growth down.
The key to economic sense is to slowly and steadily grow the ecosystem rather than inflate its growth in the short term.
We need the patience to see how Ethereum will develop and not to focus on short-term growth.
Photo by Dan Burton on Unsplash
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