What will money look like in the future? Will it even exist at all? Peer into six differing visions for the stuff that makes the world go round.
What is the future of money? Six differing visions
Tag: fiat money
What’s the fate of crypto tokens? Look to 17th-century London
There are currently at least 13,000 different cryptocurrency tokens in existence. Can all of these new forms of digital money survive? 17th-century London might provide an unexpected answer.
Operation Bernhard – The Nazi plot to carpet bomb Britain with fake pounds
Learn the story behind Operation Bernhard, the Nazi plan to counterfeit British pounds and then drop them on the UK to cause economic chaos.
The Chiasso billion dollar Bearer Bond mystery
In 2009, a sleepy provincial Italian town was the scene of one of the strangest-ever financial crimes. Two Japanese men en route to Switzerland were found by Italian police to have $134 billion in bearer bonds in a false-bottomed suitcase.
What is currency debasement?
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.
Historical Myths About Money – From Salt to Barter
Have you heard the story about where the word salary comes from? If it relates to Roman soldiers, I’ve got some bad news. It’s one of the most popular historical myths about money.
Burning Money – Why, when & how It happens
Learn why Central Banks incinerate money, why the KLF burned £1 million for art & why crypto is designed to burn coins.
Use it or lose it: Demurrage currency, money with an expiry date
How would you feel if your money expired like milk turning sour? Money with an expiry date, aka demurrage currency, might seem nuts, but could soon be coming to a central bank near you.
The Great Recoinage of 1696: When England ran out of money
Learn how the Great Recoinage and two of the nation’s greatest thinkers, John Locke and Isaac Newton, saved 17th-century England from running out of money due to coin clippers, counterfeiters & speculators.
What is money?
If money works for you, why would you question it? Contactless payment in store; frictionless payment online; loans, credit cards, savings. For most Westerners there is little reason to question how those things happen, the only challenge is how much money you have, not how it works. But that isn’t the experience for everyone.