Swag, Vapes, and Econ: My Day at the North American Bitcoin Conference

Bitcoin may have emerged from a shadowy corner of the internet, but soon, it'll have its own government affairs office in Washington. According to the crypto-currency's biggest advocates, who assembled at the second North American Bitcoin Conference this weekend in Chicago, Bitcoin is all grown up. In reality, it's… » 7/21/14 2:08pm 7/21/14 2:08pm

What gives paper money its actual value?

Money is just tinted paper printed with different numbers on it. So what gives the ol' greenbacks its value? The bills used to be tied to the gold standard but now, it's up to The Fed to control how many bills there are. So why can't they just decide to print out ridiculous amounts of bill to make everyone rich? » 6/24/14 1:42am 6/24/14 1:42am

4 Totally Fake Currencies That Changed the Course of Real Wars

At the tail end of his time as Commander of U.S. Forces Afghanistan, General David Petraeus commented that "money is my most important ammunition in this war." It was far from an original thought. In fact, you could argue that currency is the most important and least acknowledged wartime weapon. » 5/05/14 9:22am 5/05/14 9:22am

Thoughts for Your Penny: The One-Cent Piece Is Worth a Century of Type

Every few years, there are calls to retire the American penny (as cumbersome and too expensive to produce), and rebuttals to preserve it (for posterity and price stability). I don't know how or when this question will be answered. Personally, I would not miss the gobs of metal in my pockets, but I would miss the… » 4/23/14 1:20pm 4/23/14 1:20pm

The Intricate Makeshift Money Germans Relied On Between World Wars

State-issued currency is the scaffolding upon which capitalism was built, but it's always been prone to mayhem. For instance in 1920s Germany, extreme inflation forced German businesses to actually print millions of their own customized paper bills. Now largely forgotten, this notgeld, or "emergency money," was once… » 9/24/13 10:40am 9/24/13 10:40am

These Stash Coins Are a Fantastic Way to Lose Your SD Card

The Man has his hand in your inbox, cops are intimidating citizens who film them beating other citizens, it's only logical to want to keep the private contents of your SD card, well, private. The Covert Coin from CCS Spy Gear is a precision-machined piece of retired US currency that are nearly indistinguishable from… » 6/17/13 5:40pm 6/17/13 5:40pm

How Much Food Can You Buy for 5 Bucks Around the World?

Five dollars does not always equal five dollars. Well, I mean, it does but you could definitely stretch your dollar better in another country. Take bananas, for example, $5 gets you 8.5 pounds of it in America but $5 in Ethiopia gets you a whopping 25 pounds of bananas! And more importantly: beer. In China you can… » 4/22/13 11:30pm 4/22/13 11:30pm

This Video Explains Everything You Need to Know About Bitcoin in Three…

What is a bitcoin? Like exactly? It's digital currency and it's been around for a while now so what's all the fuss these days? It's because more and more places are accepting bitcoins as real currency. If you're still a little bit confused on where bitcoins come from (or how you can just invent digital currency),… » 4/09/13 10:00pm 4/09/13 10:00pm