Pluribus “is relentlessly good at bluffing its opponents” because it “thinks” two or three moves ahead, The Verge reports. That gives Pluribus the edge it needs to bluff and beat professional poker players.
Given these circumstances, I think there could be a strong market for Goldman Sachs stablecoins. Additionally, a launch of several stablecoins, each pegged to a popular currency, could be a smart move for Goldman Sachs. I think there could be a big market for a Euro stablecoin, for instance. To explain, I believe people will buy a Euro stablecoin as a dollar alternative. Many Americans and Latin Americans do not trust the US dollar.
Musk is betting that he can drive sales and profitability with a new chip that will give Tesla vehicles a full-self-driving (FSD) capability, TechCrunch reports. Notably, Tesla plans to charge car buyers an additional $6,000 for FSD vehicles. Tesla needs the additional income because it reported a -$521.83 operating loss and a -$702.13 net loss for the quarter ending on 3 March 2019. In addition, an FSD capacity could increase demand for Tesla vehicles from high profit fleet buyers. Fleet buyers include car-rental companies, tax companies, ride-hailing services like Uber (NASDAQ: UBER), and government motor pool. Such large volume buyers could make the Tesla Model 3 and Model Y profitable. A rental car company might want an FSD vehicle that drives back to its garage after dropping off a customer, for instance.
My guess is that JPMorgan Chase is experimenting with cryptocurrency out of fear of tech companies. I think tech companies like PayPal (NASDAQ: PYPL), Apple (NASDAQ: AAPL), Alphabet (NASDAQ: GOOG), and Facebook (NASDAQ: FB) are among Chase’s most dangerous competitors. To explain, each of those companies offers financial services in direct competition with JPMorgan Chase. You can you can use PayPal, Apple Pay, or Google Pay instead of your Chase Visa card at the cash register, for instance. In addition, you can access your Chase bank or Visa account through PayPal, Google Pay, or Apple Pay. Thus, we are living a world where a financial institution is just another app on your phone. We now have entire generations who think of a bank as an app rather than a physical building. In countries like China most people have never used a physical bank. Meanwhile, the only banking institution most Americans regularly visit it the ATM. That situation helps Chase and other monster banks because it involves no personal relationships.
The proposed algorithm has many advantages. It creates a virtual decentralized “bank” for stablecoins, and participants will be able to buy shares of its income (as a stake) and make a profit from commissions. The institution will also be able to buy back the depreciated stablecoins from third-party exchanges. This approach is excellent for combating the hyperinflation and high interest rates we so often see in the crypto market.
Strangely, the CLAMS Network mimics The Onion Router; or TOR, a browser that routes internet traffic through third-party computers. The idea behind TOR is to make it impossible to track computer users by routing their internet traffic through dozens or hundreds of relays around the globe.
However, I think none of those entities would attempt to organize something like Libra without the support of Central Banks. Facebook is taking the lead in the project because it is the one organization capable of reaching a large percentage of the world’s people instantly. Statista estimates Facebook’s social media 2.375 billion users in 1st Quarter 2019. In detail, Statista estimates Facebook itself had 2.32 billion users, WhatsApp had 1.6 billion users, Facebook Messenger had 1.3 billion users, and Instagram had one billion users in April 2019.
Emanate claims it can offer risk-free collaborations by using smart contracts. To explain, a smart contract is a digital construct built into a cryptocurrency or blockchain platform. BlockChain Hub describes a smart contract “as a computer code running on top of a blockchain containing a set of rules under which the parties to that smart contract agree to interact with each other. If and when the pre-defined rules are met, the agreement is automatically enforced.”
UFED Premium could present little threat to criminals but a menace to law-abiding citizens. Law-abiding citizens will have no defense against UFED Premium because the do not know it exists. Sophisticated criminals, however, will quickly learn of UFED Premium, and take precautions against it.
Consequently, I have to ask is Facebook really planning a cryptocurrency? I ask this question because there are serious technical and legal obstacles facing cryptocurrencies. The blockchain scalability problem is the biggest technical obstacle to a Facebook cryptocurrency. Today’s blockchains can only transmit tiny amounts of data at low speeds because all the encryption limits space. For instance, Ethereum creator Vitalik Beterin admits his cryptocurrency “can only process 15 transactions per second” (TPS), Invest in Blockchain reports. Thus, an Ethereum platform could crash if it tries to process over 15 transactions per second. Scalability could make a Facebook cryptocurrency impossible because Facebook itself had 2.38 billion users in 1st Quarter 2019, Statista estimates. In addition, Statista calculates WhatsApp had 1.6 billion monthly users in April 2019.
Statista estimates global PC/MMO (massive multiplayer online) gaming revenues at $30.7 billion for 2017. Additionally, Statista estimates 2017 revenue from MMOGs at $2.5 billion. Additionally, one category of MMOGs, Shooter online games saw its revenues increase by $237 million in North America in 2017.
Speculators need to stay away from BetDice; however, because it is an unproven business, they link to an unproven blockchain. Notably, it is not clear what social media network, BetDice will work with.