Monday, November 27, 2017

Central banks shouldn't ignore their duty to provide anonymity

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Cross section of a banknote with a cotton paper core surrounded by two layers of polymer [ Source ]   Central bankers are at their most...
24 comments:
Tuesday, November 21, 2017

Zimbabwe and hyperbitcoinization

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Art by Daniel Krawisz The narrative that drives any speculative market needs constant fuel in order to attract new buyers. Bitcoin is...
4 comments:
Monday, November 6, 2017

The bootstrapping of Thorne, Magic Money, and Cyberbucks: three pre-Bitcoin monetary experiments

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Bitcoin boasts many technical achievements, but none is more interesting to me than they way it was successfully bootstrapped. How did a...
13 comments:
Friday, October 27, 2017

The evolution of the Federal Reserve's promises as recorded on their banknotes

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Since they began to be produced in 1914, Federal Reserve notes have always had a promise or obligation printed on their face. But over ti...
6 comments:
Wednesday, October 18, 2017

An example of tax-driven money during the greenback era

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Cartoon from 1864 poking fun at politicians and greenbacks ( source and explanation ) During the greenback era, the Union government is...
86 comments:
Thursday, October 12, 2017

The ubiquitous Spanish dollar—a photo essay

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"The head of a fool on the neck of an ass." That's how Londoners described the strange silver coin pictured above, which ...
7 comments:
Wednesday, September 27, 2017

The siren call of T+0, or real-time settlement

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The NYSE's clearinghouse in 1898, six years after its founding Traditional financial systems often get mocked for being slow. In No...
15 comments: