Systematic risk is coming - a trust issue.
The financial crisis in 1929 made the first central bank in the US collapse, and private bankers rescued the government.
The global financial recession in 2008 almost collapsed the private banks until the government recused them.
The slowly deteriorated of the banking system and central banks showed the crack of how the current financial system may not be as sustained as we believed.
The fiat currency ran on the trust system.
The original idea is to link with the concept of the social contract.
The social contract is between citizens and the nation, and they exchange legislative powers for equal treatment and freedom.
Similarly, the fiat system was constructed to let everyone exchange the legislative power on the financial system for equal ability to spend the fair fiat currency.
Therefore, even the fiat currency runs on the trust system, which does not mean that the money is worth zero if everyone does not trust the system. It only means you should trust the government as much as possible so that the currency in your hand is worth what it states. Otherwise, you can't do anything about it.
You only have two choices: belief or can't do anything about it.
Until the cryptocurrency, you have another option, to use cryptocurrency if you do not believe in fiat currency anymore.
Why is this so significant?
Since the government has represented you, you had no influence and to express your objections instead of reaching out to your representatives to help you influence the government. But do they care about your opinions or just your voting right?
Similarly, whether you trust the financial system or not, the fiat currency is still working, and the government still is making mistakes.
Cryptocurrency offers the hope that you can express your opinion and empower yourself without letting others represent you.
People will have no trust eventually if the government continues doing its own way and ignores the rest of the people. And they will continue making mistakes.
At least we still have cryptocurrencies.
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You can refer my previous article lists here and here
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2022 Prediction
2022 Prediction #1: L1 Scalability
2022 Prediction #2: L2 Bridges
2022 Prediction #3: Zero-Knowledge Proofs or ZKPs
2022 Prediction #4: Regulated Defi On-Chain KYC
2022 Prediction #5: Institutional Crypto Adoption
2022 Prediction #6: Defi Insurance
2022 Prediction #7: NFTs-Based Communities - DAO 1.5
2022 Prediction #8: Metaverse and NFTs
2022 Prediction #9: Web2 Companies’ FOMO
2022 Prediction #10: Time for DAO 2.0
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DAO The Way
DAO The Way Part 1
DAO The Way Part 2
DAO The Way Part 3
DAO The Way Part 4
DAO The Way Part 5
DAO The Way Part 6
DAO The Way Part 7
DAO The Way Part 8
DAO The Way Part 9
DAO The Way Part 10
DAO The Way Part 11
DAO The Way Part 12
DAO The Way Part 13
------------------------
Learn How To Defi
Learn How To Defi Part 1
Learn How To Defi Part 2
Learn How To Defi Part 3
Learn How To Defi Part 4
Learn How To Defi Part 5
------------------------
Crypto Comics
Crypto Comics
Crypto Comics - PoW
Crypto Comics - Who is Satoshi
Crypto Comics - What is Token
Crypto Comics - What is DeFi
Crypto Comics - What is Wallet
Crypto Comics - What is HODL
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Crypto Comics - What is PoS
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Crypto Comics - What is A Block
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Crypto Comics - What is Fork
Crypto Comics - What is Web3
Crypto Comics - What is DeFi-2
Crypto Comics - What is Yearn Finance
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Crypto Comics - What is Hot Wallet
Crypto Comics - What is Airdrop
Crypto Comics - What is DYOR
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Crypto Comics - What is Plagiarism in Web3
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Crypto Comics - What is Encryption
Crypto Comics - What is Consensus
Crypto Comics - What is Protocol
Crypto Comics - What is Stablecoin
Crypto Comics - What is ApeCoin
Crypto Comics - What is FOMO
Crypto Comics - What is Tokenomics
Crypto Comics - What is APR
Crypto Comics - What is to The Moon
------------------------
Learn Web3 in 100 Days
Learn Web3 in 100 Days - #1 What is the Internet and How Relevant to Web3
Learn Web3 in 100 Days - Day 2: What are the Browsers and Servers
Learn Web3 in 100 Days - Day 3: What are HTTP Status Code
Learn Web3 in 100 Days - Day 4: HTML and CSS and JS
Learn Web3 in 100 Days - Day 5: What is programming
Learn Web3 in 100 Days - Day 6: Markup, Elements, Tags, and Hyperlinks
Learn Web3 in 100 Days - Day 7: Style Your Web
Learn Web3 in 100 Days - Day 8: JS
Learn Web3 in 100 Days - Day 9: SQL
Learn Web3 in 100 Days - Day 10: Front-End
Learn Web3 in 100 Days - Day 11: Front-End Framework
Learn Web3 in 100 Days - Day 12: More HTML
------------------------
Modern Economic Nonsense
Modern Economic Nonsense - Inflation and Incentives
Modern Economical Nonsense - The Astrologist's Way
Modern Economical Nonsense - The VUCA World
Modern Economical Nonsense - Zug Tax and How to Run your Own Monopoly
Modern Economical Nonsense - Participatory Economy
Modern Economical Nonsense - Economic Models
Modern Economical Nonsense - Tokenomic Models
Modern Economical Nonsense - Design A Reputation-Based System
Modern Economical Nonsense — The Money Problem
Modern Economical Nonsense — The Treasury Problem
Modern Economic Nonsense — Bitcoin vs. Real Estate
Modern Economic Nonsense — A very long term view
Modern Economic Nonsense — Banking Collapse
Modern Economic Nonsense — A Wall Street Legend
Modern Economic Nonsense — A Modern Alchemy
Modern Economic Nonsense — Founder goes ghosting
Modern Economic Nonsense — Anonymous cool or fool
Modern Economic Nonsense — The market volatility
Modern Economic Nonsense — The money shortage
Modern Economic Nonsense — The web3 scams or not
Modern Economic Nonsense — All about debts
Modern Economic Nonsense — Metaverse is still relevant or not
Modern Economic Nonsense — A Show of Recession
Modern Economic Nonsense — A Myth of Valuation
Modern Economic Nonsense — Inflation becomes irrelevant
Modern Economic Nonsense — A journey of money laundering
Modern Economic Nonsense — Consumer Sentiment Might Be Low
Modern Economic Nonsense — Is payment technology still relevant in high inflation environment
Modern Economic Nonsense — Recession is coming
Modern Economic Nonsense — We are at the bear market, now what
Modern Economic Nonsense — Invest like a cat
Modern Economic Nonsense — Bitcoin leads the market recovery
Modern Economic Nonsense — The dollar is dying slowly
Modern Economic Nonsense — The current stock market wants to go back to 2019 but ignore the technological solution of the future
Modern Economic Nonsense — Today's fear, tomorrow's cheer
Modern Economic Nonsense — An engineering recession
Modern Economic Nonsense — The market is broadening rug pull everyone
Modern Economic Nonsense — The self-fulfilling recession
Modern Economic Nonsense — Crypto is changing the advertisement business
Modern Economic Nonsense — Blockchain phone
Modern Economic Nonsense — Next generation of wealth
Modern Economic Nonsense — Crypto winter prolonged with high inflation persists
Modern Economic Nonsense — The era of currency debasement
Modern Economic Nonsense — What if the Fed gets inflation all wrong
Modern Economic Nonsense — The Bitcoin apocalypse is coming
Modern Economic Nonsense — The Bitcoin reserve is coming
Modern Economic Nonsense — Payment apps move away from the fiat currency
Modern Economic Nonsense — Web3 continues building despite the bear market
Modern Economic Nonsense — Banks are seeking shelter in cryptocurrencies
Modern Economic Nonsense — Inclusive blockchain
Modern Economic Nonsense — Time to reinvent cryptocurrencies
Modern Economic Nonsense — Crypto companies' bankruptcy wave is healthy
Modern Economic Nonsense — The Bitcoin mining company is not profitable
Modern Economic Nonsense — Crypto attracts more talents in the current market
Modern Economic Nonsense — Why Bitcoin Maximalism will fail
Modern Economic Nonsense — Gaming culture and crypto
Modern Economic Nonsense — Global crypto regulations are coming
Modern Economic Nonsense — Decentralization may not work as everyone expects it would
Modern Economic Nonsense — Government opens ideas to the public about cryptocurrencies
------------------------
Random Thoughts
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Russia Prohibits Crypto as a Legal Payment (What are the Consequences?)
Cyber criminals using crypto mixing services are booming
The Next Frontier of Gaming: Introducing the Metaverse
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How Three Arrows Capital Missed Every Target They Aimed
55% completion of Ethereum 2.0 means an unfinished product
The dollar is ever stronger
When Crypto gets into politics
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Free education in crypto
The banking system rules out the crypto market threat
The US Stablecoin Bill is coming soon
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We are in a recession, no doubt?!
How high leverage crypto lending market collapses
What Metaverse?!
Self-proclaimed Bitcoin creator Craig S. Wright won the legal case for £1
Ethics of Crypto
Crypto hacking is inevitable
The parallel money system
The Crypto has no greed problem
Banks are secretly hoarding crypto
Why there is not crypto banking exist
Financial sanction to mixers
The Future of Machine War II
Why Gold System Comes Back
Your future landlord is buying crypto
Future of the blockchain
The Ethereum Merge
Smart Contract Ponzi Schemes
Crypto can help to create meaningful jobs
Crypto VC from WeWork to WeBack
Misconception about Ethereum Upgrade aka Merge
Misconceptions about the NFTs
Learning Blockchain through Python: Part 1
Opinions about Ethereum’s Future
Meta...verse?!
Arrested Tornado Cash Dev signals the next arrest maybe you
Bitcoin's Taro has a scalability doubt
NFT Repurpose
What Defi?! It is more like a Nofi
The future of the economy is looming again
CBDC is useless
Ethereum is winning in the coming short term but privacy will be once to win for all
AVAX Conspiracy
Lessons Learned from the Global Economy Crisis (NFSW)
Compound REKT
Helium + Solana = ??
You need insurance for current inflation
NFT licenses
My opinion of neural networks as a philosophy
Metaverse Winter is So Cold
Cult or DAO, You Decide
The Fourth Dimension of the Crypto Universe
Threats of the Crypto Universe
Gambling of the Crypto Universe
Bitcoin Mining Energy Myth
NFT marketplace is quietly collapsing
When Luna is a meme coin
A Dream of Interpersonal Computing
After Terra co-founder's Arrest Warrant
A disappointed boring Ethereum Merge
A disappointed First-Ever comprehensive framework
State vs. Individual
The currency crisis reaches its peak
My opinion about inflation in the future
When slow means better
You just got fired
When banks play double dipping
Why Defi is smoking
One of the biggest advantages and disadvantages in crypto
AI vs Tornado Cash
When fiat currency is volatile
The core reason why Defi is not working
What if you regret your crypto transaction
What Did the Bank of England just Do?
Decentralized Social Media is a BS
------------------------
Yearn Finance Comic
Yearn Finance Comic - Part 1
Yearn Finance Comic - Part 2
Yearn Finance Comic - Part 3
Yearn Finance Comic - Part 4
Yearn Finance Comic — Part 5
Yearn Finance Comic - Part 6
------------------------
Curated Lists
Curated Lists - Web3 Culture
Curated Lists - Crypto-enabled Communities
Curated Lists - Crypto Philosophy
------------------------
Defi 101
Defi 101 - Part 1
Defi 101 — Part 2
------------------------
Thoughts
Thoughts about VC and PleasrDAO x BitDAO
The Crypto Market has Changed
The Myth of Inflation Hedge
The Myth of Stablecoin
The Myth of NFT
End of the Crypto Market?
The End of the Stablecoin?
Terra-UST Saga - How to repair the trust when there is no trust built on
How to deal with negative market sentiment
------------------------
Crypto VC Thoughts
Crypto VC Thoughts: Physical Assets vs Digital Assets
Crypto VC Thoughts: Digital Money Pushes Energy Companies to Innovate
Crypto VC Thoughts: GameFi Dilemma
Crypto VC Thoughts: Credit Oceans
Crypto VC Thoughts: The Death of Terra
Crypto VC Thoughts: Debunk Bitcoin Myths
Crypto VC Thoughts: Defense Crypto Investment Methods
Crypto VC Thoughts: New Type of Stablecoin
Crypto VC Thoughts: Crypto Business Cycle
Crypto VC Thoughts: Crypto Business Cycle 2
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Disclosure: The article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters. You should not believe any words this author wrote or you may experience similar symptoms or even possibly become a nut job.
