In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
For example, I calculate that there are six states (Wyoming, Vermont, Alaska, North Dakota, South Dakota, and Delaware) with less than one million people. Each of those states has two US Senators. So 12 US Senators represent those states with under six million people.
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Decentralized USD (USDD) is over-collateralized because the amount of assets it holds exceeds the amount of USDD circulation. To explain, most stablecoins contain a smart contract that makes payment in fiat currency from a bank account or blockchain ecosystem when you spend the stablecoin. For example, USDD makes payment in US Dollars when you spend it.
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They claim Metis makes it easier to launch DApps than Zk rollups. For example, they claim the Metis DApps are easier to access, cheaper, and faster than Zk rollups. They built Metis to kickback 30% of transaction revenue collected to the DApps they deploy on the Andromeda Layer 2 network.
Amazingly, when the Civil War began in 1861, the United States had no national currency. Instead, most Americans relied on banknotes issued by local or state banks or federal coins for most transactions.
The last person to hold the title of King of France was Charles X, the younger brother of King Louis XVI and XVIII. Charles spent most of his adult life in exile because of the French Revolution.
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Second, inflation decreases the demand for luxury goods and big-ticket items such as electronics. To elaborate, people buy fewer big-ticket items because inflation forces them to pay more for everyday purchases.
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Prices for a private property or HDB in Singapore can differ a lot. It’s important to not only understand the price of properties to help you choose the best property for your budget, but to also factor in the cost of everything else you will need to pay for when making the purchase.
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Instead of mining, PLC Ultima uses minting to create coins. PLC Ultima uses smart contracts to create strict rules that govern transactions. They claim those rules can guarantee automatic payment and rewards to users.
I think BNY Mellon’s executives believe private investors, such as family offices, are moving more and more of their money into alternative assets in a changing world. In particular, I think many big investors want to pull out of the stock market to avoid inflation and increasing economic turbulence. Hence, BNY Mellon is examining new markets, such as digital assets.
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Hence, hysteria drives the run on Celsius (CEL). Thus, it has little to do with Celsius’s true value. Thus, Celsius may not be collapsing.
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