In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Notably, Morgan Stanley’s analysts think Apple Pay has “the best consumer penetration” among digital wallets on the market, Apple Insider reports. In addition, Morgan Stanley calls Apple Pay “the clear leader among app/phone-based digital wallets.”
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Moreover big financial institutions including Banco Santander (NYSE: SAN), JPMorgan Chase (NYSE: JPM), BNY Mellon (NYSE: BK), and Goldman Sachs (NYSE: GS) are researching or developing cryptocurrencies. Finally, even Facebook (NASDAQ: FB) is setting up an entity that looks like a bank, the Libra Association, to operate its proposed Libra cryptocurrency.
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Thus, a stablecoin is a lot like a bond or a checking account. Two instruments that Goldman Sachs is very familiar with. Notably, Goldman Coins could use a stablecoin to make US Dollar payments to account holders in other countries. Theoretically, stablecoin payment could be faster, cheaper, more secure, and easier than traditional wire transfers.
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I think Chase wants to create a cryptocurrency that users could cash out through one of its many automatic teller machines (ATMs). Impressively, users can now get cash and even make pay credit card payments at Chase ATMs.
Moreover, an obvious use of JPM Coin will be to send money to ATMs in other countries or get cash from foreign ATMs.
Notably, the number of mobile homes in the United States has fallen dramatically. Statista estimates there were 6.8 million mobiles in the United States in 2014 that number fell to 2.88 million in 2020, 2.42 million in 2021, and 2.04 million in 2022. The number of mobile homes nationwide could fall below two million to 1.72 million in 2023, Statista projects.
I think the disappearance of mobile homes is a principal cause of the housing shortage. Hence, allowing mobile homes could alleviate the housing crisis.
The ultimate hope at Optimism is to build a more compatible alternative to the Ethereum Virtual Machine (EVM). A virtual machine is the digital computer that runs a blockchain such as Ethereum. Hence, the Optimism Ecosystem contains an EVM Equivalent Mainnet and an Open Mainnet. The Mainnet is the app or digital computer that runs a blockchain.
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The greatest threat to Garfield was not Guiteau’s bullet, but the doctors who came to save the president.
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They claim that Flow is so easy to use that designers can assemble smart contracts like Lego blocks. They built the smart contracts with Cadence. Flow achieves this simple usability because they built it with a multi-role architecture that can scale without sharding.
Horrifically, racism is not the worst evil that Woke History is reviving. Historian Sean Wilentz notes some of the 1619 Project’s claims mirror arguments made by pro-Slavery Southerners before the Civil War.
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One problem is that new technologies are often around for a long time before they achieve mass adoption. For example, television appeared in the 1920s, yet it was not available in some countries until the 1970s.