Money as a generally-accepted medium for short selling

Jim Chanos, famous short seller. We are all Jim Chanos. Most people find the idea of short-selling to be incomprehensible. Buy a stock and h...

Electronic money will only save central banks from subjugation if it is anonymous

50 SEK banknote issued by the Riksbank in 1960 "Do we need an eKrona?" asks Stefan Ingves, the Governor of the Riksbank, Sweden...

Store of value

LSD tabs like these ones have an incredibly high value-to-weight ratio When bitcoin first appeared, it was supposed to be used to buy stuff ...

Central banks shouldn't ignore their duty to provide anonymity

Cross section of a banknote with a cotton paper core surrounded by two layers of polymer [ Source ]   Central bankers are at their most comf...

Zimbabwe and hyperbitcoinization

Art by Daniel Krawisz The narrative that drives any speculative market needs constant fuel in order to attract new buyers. Bitcoin is no exc...

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

Bitcoin boasts many technical achievements, but none is more interesting to me than they way it was successfully bootstrapped. How did a sma...

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

Since they began to be produced in 1914, Federal Reserve notes have always had a promise or obligation printed on their face. But over time ...

An example of tax-driven money during the greenback era

Cartoon from 1864 poking fun at politicians and greenbacks ( source and explanation ) During the greenback era, the Union government issued ...