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As money developed and people opted to place it in secured storage, banks started issuing banknotes which represented a client’s deposit at the bank and the promise to redeem each note for the amount of gold it represented at a 100% reserve rate. Market exchange rates of the coins were defined by their metal content. […]
The post Christophe Cieters: Monopoly Money appeared first on Bitcoin News.
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The Golden Rule may be the most basic moral approach to dealing with others. It seems universal across cultures and religions. The Golden Rule is instinctive. We all know it, even as children without education. I like the negative form of the Golden Rule the best. One of the earliest written versions comes from ancient […]
The post Devon Brewer: Rediscovering the Golden Rule appeared first on Bitcoin News.
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