Leo Magazine #5: Week 52 - Vechain, Hacking, Solana, AI, NFTs, Tax, Inflation, Bitcoin, Rubic - plus more!
Its a pleasure to be here once again with our Leo Magazine for the week! Its a brand new year too! A lot of articles have poured in over the last 7 days - irrespective of the holiday season. It would always be a struggle to keep up with all these great contents. We are here to make it easier as this post will feature some interesting money, finance and crypto articles for your consumption. Enjoy it!
Published 7 days ago
Privacy coins are struggling to remain relevant!
Its great to begin with this article by @badbitch about privacy coins. You probably know these coins like Monero, that are designed to conceal the user details during transactions. But is that not how blockchains work? Read this article and see why the author believes that privacy coins have no future:
Financial freedom is possible if you embrace decentralization
The author @iskafan feels that economies of the world are falling apart - no big thanks to the various central banks controlled by the governments. Do you believe that we will escape recession through government money policies? See why the author thinks otherwise in this article below:
Published 6 days ago
AI can take over human jobs sooner or later!
Do you think that machines will someday do the job of humans? At least @esmeesmith think so and gave a solid example of what AI is doing in our very own crypto field of NFT's. AI is already creating beautiful art! Read this post and see why we should be worried by AI capabilities
Cryptos will further drop in price, but no one is sure!
@rtonline looks at the possibility of Bitcoin and other cryptos becoming cheaper than they are now. Many people ask if this is the right time to buy. In this article, he gives reasons why bitcoin could drop further and why buying now is still great:
Published 5 days ago
Tax collection is best through crypto.
Are are worried about excessive tax collection and misuse of taxes. Do you feel bad when you tax money is abused and used by politicians for selfish purposes. In this article, @bala41288 feels that there are more reasons than one, to believe that tax collection would be great if digital currencies are utilized. More details below:
Controlling inflation is easier said than done.
@beggars used real world examples to illustrate why it could be beyond the capabilities of any central banks to effectively manage inflation. Of course the periodic increase in prices of goods or services during seasons and holidays is just one type of inflation. This is as a result of increase in demand. But then, read this article and discover the reasons why inflation linger and why the central banks are unable to do anything.
Published 4 days ago
Centralization is always going to lead to disaster
Everything associated with the FTX saga has gone downhill. Solana is a once flourishing crypto whose life has been cut down by the FTX collapse. Why is it bad to invest in projects that rely on investor whales? Why is it much better to support decentralized projects? Find out in this article.
DYOR when investing in any project
Loosing money in the crypto space is easy as ABC. So @aliakbar2 explains how to be careful and things to check before investing in any crypto. For example, how about investing in a project with shady or no roadmap? This article explains other things you need to look out for.:
Published 3 days ago
You can succeed as a crypto trader
@edystringz explains that knowledge is very important for one to succeed as a crypto trader. You should be flexible, while sticking to any strategy that works for you too. This post contains other great tips that can help you succeed as a crypto trader. Check it out!
We sometimes make mistakes about money!
There are things you already believed about money that may not be true. In this post, @young-kedar looks at some of them. For example, some people think that they cant make or have enough money no matter how hard they try. This is wrong according to the author. Here is why - plus other wrong money beliefs you probably have. Check it out:
Published 2 days ago
Another day, another hacking story!
In this post, @chekohler reports that Rubic exchange has been hacked. The breach has resulted in the loss of crypto in the tune of $1.4m. Thats really a huge amount. Isn't it? Read how this event developed and what it means for customers using this exchange
The future with crypto is bright - come 2023
The year 2022 is really a dark year for crypto according to @melbourneswest. You can easily mention one or two collapsed projects - starting from the obvious recent one FTX. Well that is 2022. Will 2023 be the same? The author has a different outlook, especially with projects like Bano Superapp springing up. Read more below
Published 24 hours ago
Start thinking about Vechain now
@cryptoandcoffee is bringing to our notice another project that looks like it has a bright future - Vechain. As the EU pushes for a lower carbon emission by automobiles, the auto explains why Vechain has potential for growth. And maybe giving you something to think about if you have spare more to invest
Cryptos are already shaking the banking industry. More to come!
@asgharali is confident that sooner or later, the banking industry will be completely overtaken by cryptos. Blockchain technology already has its gains such as free and fast transactions. In this article, you will find more reasons why the author believes that cryptos will soon destroy the banking sector.
Conclusion
Did you enjoy the articles above? You probably did. Kindly support the authors with some engagement. That shows you really appreciate their efforts. See you in another edition of the Leo Magazine next Sunday!
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I really enjoy this article. It brings to light some quality post in the community which one may have missed. But this collection is easy going to reach all the authors.
Am sure it will get to as many people as are willing to take a look. Although the holiday season has seen lower numbers still active when compared to previously
This week will see more increase active members
Very cool selections, well done!! :)
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Thank you so much. Hope you are having a great first week of the year?
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Thank you so much. More is better, isn't it?
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What a sweet selection! This great work makes it easier for me or someone else to see some relevant contents in this community.
I specially enjoyed the topic that says:
Published by @iskafan. His points are clear.
@fokusnow, hope you'll keep on updating us with beautiful collections like this?