Cash is an antiquated concept. It originated thousands of years ago as a banking receipt that bearers could exchange for stored grain or gold. Today it’s little more than an abstract concept, its value tied to perception instead of goods. More »
It’s widely reported that Facebook is going to file for an IPO today, and likely that the offering will be in the $US5 billion range. Time to start digging up your backyard bullion stash, right? Wrong. For the average guy the Facebook IPO is strictly Like, don’t touch. More »
We know that Apple just had its biggest quarter in history. We know that they made an insane $US46.33 billion in revenue. But do we really know how much money is $US46.33 billion. It’s hard to visualise, so this presentation and facts may help: More »
President Obama wants to get re-elected! No surprise there. He also needs your money! Big whoop. He’s going to use Square to get those donations! Hey now, that’s pretty convenient. According to Politico, campaign personnel for Obama are being issued Square credit card readers More »
I don’t know how they did it, but an eagle-eyed Walmart cashier in Lexington, Kentucky somehow managed to foil Michael Anthony Fuller’s attempt to pay for a purchase with a $US1 million bill he made. More »
This man is holding an image of a sword that doesn’t exist in real life. In fact, it doesn’t even really exist yet in a virtual world — he paid $US16,000 for a game sword that he can’t play yet. More »
The dollar bill has some weird shit plastered on it. This we know. But even more weird are the outlandish interpretations people extract from the seemingly cryptic symbols (most of which are just old and christian and zzzzzz…zzzzzzz…zzzzzz). But if you’re conspiracy-minded, well, take your pick from these five ridiculous one dollar delusions: More »
The Blue Morpho butterfly shines such a brilliant blue it almost seems electric. Its secret? Microscopic holes that play with light in an incredible way. And by using nanotechnology, we can replicate those same effects on printed objects, like money. Bling! More »
In physics, approximations are important. Developing a predictive model for how something will move/behave/react based on information from another object or scenario can provide a helpful frame of reference. To illustrate this point, the always excellent YouTube series MinutePhysics shows us how to weigh a million US dollar bills without having a scale, a single bill, or the knowledge of how much a dollar weighs. More »
