@Techmeme@techhub.socialThe largest US banks plan to launch a tokenized deposit network in 2027 to connect traditional payment rails with the infrastructure that digital assets run on (Wall Street Journal)
https://www.wsj.com/finance/banking/jpmorg
@raiders@darktundra.xyz
@a_j_millar@fediscience.orgPresenting the refreshed Chicago Plan for full-reserve banking, as per his 2012 paper, plus counter.
Simulations of the more robust response to economic shock after the transition to a full-reserve economy. Slightly lower tax rates (maybe 20% drop from current rates), and major >10% GDP gains after 10 years.
A long transition to manage, however, with 'aggressive' responses to inflation etc.
@raiders@darktundra.xyz
@chris@mstdn.chrisalemany.caFYI: CIBC banking is offline currently?
#canada #CIBC #networkoutage
@ruth_mottram@fediscience.orgI have been slowly moving away from US controlled tech, the remaining bits are ones I can't control really: banking payments, DK state ITs love affair with microsoft, apps needed to access state services.
And if someone can come up with a way to persuade teenagers this is cool. That would be nice.
Of course what the piece misses is the huge commercial reliance on the back end stack.
We desperately need #Eurostack.
https://fediscience.org/@Ruth_Mottram/116554305782688437
Ruth_Mottram - Life without US tech - https://giftarticle.ft.com/giftarticle/actions/redeem/e6d8cec7-b20c-4707-b963-88348726215a
@raiders@darktundra.xyzRaiders’ Tre Tucker Gets Blunt About Playing Rashid Shaheed Role https://heavy.com/sports/nfl/las-vegas-raiders/tre-tucker-blunt-rashid-shaheed-role/
@raiders@darktundra.xyzRaiders Land Strong Statement on Jalen Nailor Signing https://heavy.com/sports/nfl/las-vegas-raiders/strong-statement-jalen-nailor-signing/