As bartering became more and more of a hassle, people started using money in their transactions. They still do that. Historically, there were three types of “real” money: -commodity money – e.g. seeds, cattle, gold coins -commodity-backed money – e.g. gold certificates -fiat money (or trust-backed money) – e.g. the dollar, the euro and any…… Continue reading Are virtual currencies the coins of the future?
Category: Out-of-the-box thinking
The best unemployment insurance
Unemployment insurance was unheard of some centuries ago – today it is mandatory in most countries, but does it have any value? The probability is too low to ever make use of it even if you will be unemployed at some time. Besides frugal living and getting educated, what can you do right now to…… Continue reading The best unemployment insurance
The Renaissance Soul
There is the magic of compound interest – those who understand it, earn it and those who don’t, pay it. Can this apply to something more than money? Can we leverage our experience in the same way? Experts are able to earn higher prices than amateurs precisely because they build on previous mistakes,…… Continue reading The Renaissance Soul
The hidden deep Web
Whenever you need an answer to a simple question, you type in a keyword and Google immediately gets you the right website where you can find it – or maybe NOT. Don’t be fooled by it! Google’s algorithm is good, but it barely scratches the surface of the tip of the iceberg. If you need…… Continue reading The hidden deep Web