In 2014, Bitcoin (BTC) has become established as increasingly "real" money with government regulatory interest
, law enforcement
, and growing acceptance
, but also as the reserve cryptocurrency for hundreds of "altcoins,"
making them also convertible to legacy money. Foremost among these is Litecoin (LTC),
which introduced the scrypt hashing algorithm to cryptocurrency, democratizing coin mining by being best suited to common GPUs rather than Bitcoin's dedicated mining equipment. Recently donated LTC paid for a forest
in Madagascar. Peercoin (PPC),
next in prominence, introduces "proof of stake" where less energy is spent mining and existing coins pay interest. Dogecoin (DOGE),
a fork of Litecoin (previously
covered on Metafilter
), continues heading to the moon
, with more transactions than all other coins combined
, thriving markets in digital goods
, an upcoming party in NYC's Bitcoin Center on Wall Street
, much charity
, and the recent announcement
that new Dogecoins will be generated indefinitely. A selection of other foremost and interesting cryptocurrencies is within. [more inside]
posted by save alive nothing that breatheth
on Feb 5, 2014 -
The National Bureau of Economic Research has published a new paper analyzing 138 years of economic history in 14 advanced economies, which proves that high levels of private debt cause severe recessions.
Money As Debt
posted by infini
on Sep 10, 2012 -
is a site that enables the user to enter transactions and track their bank balance via SMS. People sharing a bank account can also get updates when money is spent from the account by the other person. [more inside]
posted by reenum
on Sep 19, 2011 -
Out of thin air?
"Have you ever said something like 'Let me buy you a beer next week'? I'm sure you have. We all issue promises of this sort. And we frequently use such promises as a form of currency... I have just described a simple credit exchange. Societies rely heavily on promising-making and promise-keeping. It is the foundation of all financial markets. I'd like to point out something about the promises you make. They are made 'out of thin air.' " [more inside]
posted by kliuless
on Apr 14, 2011 -
Who would have thought it? The UK has withdrawn
the 500 Euro
note after an investigation by SOCA
discovered that 90% of the notes in circulation were linked to crime. Nicknames the ‘Bin Laden
’ (you know its out there somewhere) the purple note worth $630 is a favourite of the criminally minded due to its ultra-portability and acceptance throughout mainland Europe. Drug investigations
in Latin America time and time again turn up large amounts of currency in this form. According
to Columbian financial regulators 234K Euros was legally imported and declared into the country but trails of 600M Euros being exported were discovered. Whilst money laundering and fraud relating to the Euro is nothing
new the decision to put into circulation such a high note must now be being questioned at the highest levels.
posted by numberstation
on May 13, 2010 -
Neil Barofsky, special inspector general for the Troubled Asset Relief Program, says: If the goal was to increase lending, well we haven't increased lending. ... Banks that were too big to fail are bigger than ever. ... When TARP was announced, the whole purpose was a statement that we're not going to let our large financial instiutions fail. And with that I think we may be in a far more dangerous place today than we were a year ago
posted by Joe Beese
on Sep 26, 2009 -
Dating A Banker Anonymous Are you or someone you love dating a banker? If so, we are here to support you through these difficult times. Dating A Banker Anonymous (DABA) is a safe place where women can come together – free from the scrutiny of feminists– and share their tearful tales of how the mortgage meltdown has affected their relationships. Via
posted by ColdChef
on Jan 28, 2009 -
is an alternative, worldwide currency in the form of original works of art.
The Bank of International Art Money is an independent organization directed by artists and free from any form of government financing.
posted by fandango_matt
on Oct 15, 2006 -
Your Check Won't Float
As of Thursday, October 28, "floating" checks will become a thing of the past. Be forewarned or stand by for major insufficient funds fees on your accounts. More info inside.
posted by Pressed Rat
on Oct 26, 2004 -
When she sees the SIZE of your bank balance, she'll be digging YOUR "gold" in no time!
Today's Independent on Sunday
newspaper carried the story of these fake ATM receipts showing a balance of $314,159.26
"After you write your number on this receipt (conveniently folded in your wallet), hand it to the member of opposite sex and watch how fast they call you!"
Tragically, they look nothing like UK ATM receipts, but it had me wondering - what's the lowest-down dirtiest line/ trick you (sorry: I mean, a friend of yours
) ever pulled in an attempt to impress a member of the desired sex?
posted by Pericles
on Jun 8, 2003 -
My name is Rod and I can't handle Money. "You see, I never open my bank statements, ever. My only point of contact with my bank is through the ATM next door to the estate agents in Warminster. Even here, I never knowingly press that button which tells you what your balance is, and if I press it by mistake I screw shut my eyes."
This is me. Is it you? What's wrong
with us? Chrometophobes unite.
posted by grahamwell
on Apr 2, 2003 -
seems like a good idea, however, in the FAQ, they don't give the exact amount of the service charge. How odd.
posted by starduck
on Jun 18, 2000 -