We illustrate the dull concept of currency debasement by looking back at the Roman Empire, coin clippers, hyperinflation in the Weimar Republic and connect it to the rise of Bitcoin.
From memory palaces to punching passwords into metal sheets, we look at solutions to the unique security problem posed by crypto’s promise to be your own bank.
From Sumatra to the Caribbean via a Welsh rubbish dump, discover the five most valuable lost treasures, representing over £20bn in value.
The meteoric rise in the price of Bitcoin has inspired enterprising criminals from Russia to Malaysia, to steal electricity to mine crypto.
Discover the importance of the Cantillon Effect. Why being closest to the money spout is a source of inequality, and whether anything can fix it.
How the three sons of a famous Texan oil billionaire tried to corner the global silver market in the 1970s, and brought the entire financial system close to collapse.
Unit bias within crypto conflates the price of tokens with their value. A low nominal price is considered cheap and attractive simply because you are able to buy more units of them. This leads to poor decision making.
If you asked the average person in the street what two things they would want more of, the likely answer would be time and money. Joe Public is working harder for less and increasingly living day-to-day. Economists might explain it through changes in time preference. But what is time preference, and why is it changing? Find out via a four-paragraph history of civilisation, an episode of Atlanta and Bitcoin.
Hodling is a meme describing the commitment needed to hold Bitcoin, but the unique characteristics of this new internet money present hodlers with a unique dilemma.
As with all the most difficult FUD, the cry of Bitcoin being ‘Not fair’ bundles together a dangerous cocktail of misconceptions and irrationality that can be broadly grouped and unpicked under three headings: Inequality, Elitist & Too Expensive