A stable and safe home? Full of happy and prosperous subjects? It sounded like a worthy goal, not just for a prince but for a parent too. Maybe I could use Machiavelli’s rules to help me reclaim my own kingdom.
Author: Edouard Chazal
The Bitcoin Bubble and the Future of Currency
Volatility is a serious problem, if you’re trying to put together a currency, rather than a vehicle for financial speculation. If the currency of a country ever fluctuated as much as bitcoins did, it would never be taken seriously as a medium of exchange: how are you meant to do business in a place where an item costing one unit of currency is worth $10 one day and $20 the next? Currencies need a modicum of stability; indeed, one of the main selling points of bitcoin was that it couldn’t be destabilized by government institutions. But that comes as scant comfort to people watching the value of a bitcoin behave like some kind of demented internet stock during the dot-com bubble.
In reality, then, bitcoin doesn’t really behave like a currency at all. In terms of its market value, it looks much more like a highly-volatile commodity. That’s by design: bitcoins were created to be the most fungible commodity the world had ever seen – to the point at which they would effectively erase the distinction between a commodity and a currency.
Changing The World, One Luxury Timepiece At A Time
As a final touch, ’56-3701F42′, the serial number of the destroyed weapon the metal is from, has been hand engraved beside the plate. It’s a subtle yet powerful reminder of just what this timepiece stands for. The Inversion Principle timepiece will be limited to just 20 pieces (10 in each metal) and will retail from US$350,000 with revenues from the sale of each timepiece used to fund the destruction of one thousand assault weapons in Africa.
As Banks in Cyprus Falter, Other Tax Havens Step In
The rush by rival havens could pose economic troubles as Cyprus struggles to keep afloat a financial industry that employs tens of thousands of people. Cypriot unemployment, already at 15 percent, is expected to soar as the finance sector and the overall economy contract, aggravating a crisis that the bailout was intended to solve.
Europe Scrambling With Last Minute Revision To Cyprus Deposit Confiscation Plan
In the meantime, what happens in Cyprus tonight, or tomorrow, and what the final confiscation schedule looks like, is merely bitter sweet victory for all those who have claimed that the European monetary experiment is finally coming to a long overdue end.
Abnormal Capitalist 