Hence, NVIDIA is making the best gaming tech on the market when video games are becoming the most potent media in our culture. Yet, NVIDIA is making less money which could indicate an economic slowdown.
I think Zuckerberg is betting central bankers will allow a social media cryptocurrency they might control. If Libra succeeds and becomes a successful currency, the BIS or the Swiss National Bank can take it over. If Libra fails, that’s Zuckerberg’s problem not the bankers.
Not surprisingly, Vodafone is researching next generation digital currencies or cryptocurrencies. In particular, Vodafone is a partner in Facebook’s (NASDAQ: FB) Project Libra cryptocurrency scheme.
Interestingly, ThunderCore claims its MainNet offers high TPS, and it is now live and ready to build on. In particular, claims its blockchain can process over 1,200 transactions per second. However, ThunderCore’s Timeline states it will not start processing 1,000 TPS until 4th Quarter 2019. Moreover, the full ThunderCore may not launch a Full Node until 1st Quarter 2020. Plus multiple ThunderCore blockchains will not be available until 2nd Quarter 2021.
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.”