For it will be like a man going on a journey, who called his servants[a] and entrusted to them his property.
To one he gave five talents, to another two, to another one, to each according to his ability. Then he went away.
He who had received the five talents went at once and traded with them, and he made five talents more.
So also he who had the two talents made two talents more. 18 But he who had received the one talent went and dug in the ground and hid his master’s money.
Now after a long time…
“Therefore, in the present case I advise you: Leave these men alone! Let them go! For if their purpose or activity is of human origin, it will fail. But if it is from God, you will not be able to stop these men; you will only find yourselves fighting against God.”
— Acts of the Apostles, Chapter 5:38–39, New International Version
In the economic life of man, what constitutes value and qualifies as a medium of exchange is a far more plastic concept than anyone living in that age often gives credit for.
At its core, currency is about efficiency.
In November of 2018, and in the depths of the crypto winter, warmth for cryptocurrency maximalists came from an unlikely place, the IMF.
Then head of the International Monetary Fund, Christine Lagarde, in a speech at the Singapore Fintech Festival, offered these warm words of comfort to the cold crypto-faithful who at the time may have been questioning their life choices,
“We float through a world of information, where data is the “new gold” — despite growing concerns over privacy, and cyber-security. A world in which millennials are reinventing how our economy works, phone in hand.”
“And this is key…
It’s been said that true power never need not be expressed overtly, but in the shadows. It’s why the Wizard of Oz operated from behind an emerald curtain, and former U.S. Vice President Dick Cheney was the most powerful man on earth whom very few actually knew about.
If you actually need to flex your muscles to demonstrate your power, than you’ve already lost, but good luck trying to explain that to the well-oiled muscled men on Venice Beach.
Which is why for the better part of a decade, the U.S. Securities and Exchange Commission (SEC) has held off on…
“No denarius,” the pot-bellied Gaul threw the Roman silver coin back at the Roman merchant.
“I’ll need you to pay for your stay in real silver.”
In the northern fringes of what would eventually become modern-day France, Rome’s power was at its weakest, and its currency, not universally accepted.
At its zenith in 117 AD, the Roman Empire spanned some 1.5 million square miles and the Emperor ruled over 130 million Roman subjects.
And during that time, the denarius, was the lifeblood of the Roman Empire.
In the early days of Roman rule, the denarius held about 4.5 …
Trekking the twenty miles from her little coffee stand in La Paz, to her family homestead in the foot hills of the Andes isn’t physically challenging for 40-year-old Maria Flores, it’s financially daunting.
Having taken out a microloan from a United Nations-backed non-governmental organization, Flores has improved the lot of her family, selling piping hot mugs of thick, freshly-brewed coffee in the outskirts of Bolivia’s capital. The only problem? Travelling around with all that cash.
Flores loves the independence of her work and the ability to make her own money, but it’s also a constant source of worry for her…
Ma Tun rubbed his beard between his fingers and surveyed his substantial property in a lush green suburb of the ancient Chinese city of Luoyang.
The 17th century merchant and trader, Ma had made his fortune plying the lucrative trade between the port city of Shanghai and the eastern end of the Silk Road of Xi’an.
Yet trade and industry in 17th century China was anything but straightforward, with imperial palms needing to be greased and greedy officials always looking for more than their pound of flesh.
So when a particularly greedy Qing dynasty official inspected Ma’s substantial storehouse of…
When Julio Rodriguez was a young boy, he remembers fondly the Sunday dinners that his mother would prepare.
Coming back from soccer practice on a Sunday afternoon, Rodriguez would be greeted with the familiar aroma of his mother’s asado.
The son of a college professor, Rodriguez remembers growing up fairly well off, and what most would consider, decidedly middle class.
But by the mid-1970s, Rodriguez, who was just starting elementary school started noticing that things in his family were changing.
Instead of the prime cuts of asado that his mother would prepare on Sunday evenings, off cuts were used.
At the reading of the last will and testament of Timothy Calderon Smith (a.k.a toophunkcypher) in the year 2104, his descendants listened disinterested as the estate lawyer rattled off a list of possessions that Smith had acquired throughout his long life.
“One, painting by Picasso, entitled Girl before a mirror, I bequeath to…”
the lawyer droned on.
Until finally, he came to the part that everyone sat up for,
“And for my holdings of cryptocurrencies, 10,045.4678 Bitcoin I bequeath to…”
There were audible gasps in the lawyer’s office.
At the back of the room, one of Smith’s great-granddaughters had fainted…
For years, Thomas Rosemont had finished off every Friday evening with a pint of IPA at a local bar and his favorite pizza off their “home style” menu.
And for years Rosemont had raved about the bar’s pizza, claiming that it was the best pizza in town and he couldn’t understand why no one else seemed to like it as much.
The flaky, doughy, perfectly crisp crust, just the right amount of pepperoni and cheese, and a thick, luscious rich marinara sauce made it the perfect greasy accompaniment to be washed down with the cool bubbly-sweet bitterness of his favorite…
CEO of Novum Alpha, an all-weather digital asset trading firm that uses Deep Learning tools to deliver dollar-returns in all market conditions.