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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Inflation is a myth if you try to blame everyone else rather than the central banks.
https://twitter.com/NorthmanTrader/status/1565373734466338818
There is no way to reduce inflation if the government keeps spending more money.
https://twitter.com/alifarhat79/status/1565706121754681344
And there is no way to cut back expenses from the government at the current spending level.
https://twitter.com/WallStreetSilv/status/1565386655569420288
The central bank cannot bring down inflation this time. The monetary policy is clearly not working if the government continues to spend far beyond its means.
The result of the high inflation will bring us into stagflation.
When fiscal imbalances are large and fiscal credibility wanes, it may become increasingly harder for the monetary authority to stabilize inflation around its desired target. If the monetary authority increases rates in response to high inflation, the economy enters a recession, which increases the debt-to-GDP ratio. If the monetary tightening is not supported by the expectation of appropriate fiscal adjustments, the deterioration of fiscal imbalances leads to even higher inflationary pressure. As a result, a vicious circle of rising nominal interest rates, rising inflation, economic stagnation, and increasing debt would arise.”
Here is the research paper published by the Fed.
Controlling inflation is so very difficult to impossible!
Every era of the government has failed to do so without any exceptions!
https://twitter.com/hugohanoi/status/1565747626372255744
Inflation is the accountability check of the government and its central banks.
When accountability cannot be checked, inflation likely goes wild west.
Bitcoin was created to prevent the accountability problem in inflation:
https://twitter.com/100trillionCoin/status/1565372441710723072
One of the advantages of the program money is that it prevents central power from manipulating the economy for their own benefits:
https://twitter.com/amywildestdream/status/1564871661991604224
BUT... of course, Bitcoin is not the only solution to solve inflation.
As Satoshi used to say:
https://twitter.com/NakamotoQuotes/status/1565623097658597378
If you enjoy reading my articles, buy me a coffee here.
Photo by Scott Graham on Unsplash
Inflation is a myth if you try to blame everyone else rather than the central banks.
https://twitter.com/NorthmanTrader/status/1565373734466338818
There is no way to reduce inflation if the government keeps spending more money.
https://twitter.com/alifarhat79/status/1565706121754681344
And there is no way to cut back expenses from the government at the current spending level.
https://twitter.com/WallStreetSilv/status/1565386655569420288
The central bank cannot bring down inflation this time. The monetary policy is clearly not working if the government continues to spend far beyond its means.
The result of the high inflation will bring us into stagflation.
When fiscal imbalances are large and fiscal credibility wanes, it may become increasingly harder for the monetary authority to stabilize inflation around its desired target. If the monetary authority increases rates in response to high inflation, the economy enters a recession, which increases the debt-to-GDP ratio. If the monetary tightening is not supported by the expectation of appropriate fiscal adjustments, the deterioration of fiscal imbalances leads to even higher inflationary pressure. As a result, a vicious circle of rising nominal interest rates, rising inflation, economic stagnation, and increasing debt would arise.”
Here is the research paper published by the Fed.
Controlling inflation is so very difficult to impossible!
Every era of the government has failed to do so without any exceptions!
https://twitter.com/hugohanoi/status/1565747626372255744
Inflation is the accountability check of the government and its central banks.
When accountability cannot be checked, inflation likely goes wild west.
Bitcoin was created to prevent the accountability problem in inflation:
https://twitter.com/100trillionCoin/status/1565372441710723072
One of the advantages of the program money is that it prevents central power from manipulating the economy for their own benefits:
https://twitter.com/amywildestdream/status/1564871661991604224
BUT... of course, Bitcoin is not the only solution to solve inflation.
As Satoshi used to say:
https://twitter.com/NakamotoQuotes/status/1565623097658597378
If you enjoy reading my articles, buy me a coffee here.
Photo by Scott Graham on Unsplash
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