Imagine if the money in your savings account actually decreased, the longer you kept it there. And you can't withdraw it to store it somewhere else, because physical cash no longer exists. Welcome to negative interest rates -- once considered a thought experiment or conspiracy theory, it's increasingly part of mainstream policy dialog. Also read: Blockstream Satellite to … [Read more...] about Once All Cash Is Digital, Expect Negative Interest Rates
Economics
Australian Business Editor Rants Against Bitcoin, ‘Anarchists’
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‘Alan, Alan, who the f#ck is Alan?’ -- You’d have to be an Aussie growing up in the 80s to know where that line comes from, but there is no doubt many in the cryptocurrency community will be thinking something similar after reading the latest Bitcoin hit piece from Australian financial journalist Alan Kohler. Also read: Mt Gox CEO Mark Karpeles About to Go on Trial in … [Read more...] about Australian Business Editor Rants Against Bitcoin, ‘Anarchists’
Bitcoin’s 21M Limit Means It Can’t Be a Currency: China Central Bank Adviser
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Bitcoin's 21 million supply cap is one reason Bitcoin can't work as a currency -- says one adviser to the People's Bank of China. However, he said, it can still be considered an asset. Also read: Craig Wright Supercomputing Firm Liquidated by Australian Tax Authorities Currency Must Have 'Fundamental Attributes' Reuters reported that PBOC adviser Sheng Songcheng made the … [Read more...] about Bitcoin’s 21M Limit Means It Can’t Be a Currency: China Central Bank Adviser
Jim Rogers: Biggest Crash in My Lifetime Coming This Year or Next
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Investor Jim Rogers is again making dire predictions for the economy -- and the West itself. The long-time contrarian and commodities fan said a crash is coming, and it will be "the biggest in my lifetime". Also read: Ethereum Users Again Question Long Transaction Delays Rogers made his comments in a video interview with Business Insider CEO Henry Blodget. He said the … [Read more...] about Jim Rogers: Biggest Crash in My Lifetime Coming This Year or Next
Report on Chinese ‘Click Farm’ Shows Our Global Addiction to Fakery
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A recent report on an internet "click farm" in China is drawing attention to a broader question. Exactly how much of the technological and economic systems that support us is based on "reality"? Also read: Review: All Politics Aside, This Is Why We Like the Antminer L3+ It's no secret that a certain percentage of social media "impressions" are fake. At the very least, it … [Read more...] about Report on Chinese ‘Click Farm’ Shows Our Global Addiction to Fakery