The Future of Money: How cryptocurrency and the blockchain will change society

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Anarchy reigns supreme in the future of finance, decentralizing the power of banks and, in some cases, the state. But will cryptocurrencies and the blockchains that underlie them solve our financial woes, or only worsen existing inequalities?

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Canada kills the Penny

canadian-pennies

Will all coins go away now?

Finally, after years of talking, the Canadian government killed the penny in its recent budget. Finance Minister Flaherty was clearly thinking of decluttering and interior design, noting “Pennies take up too much space on our dressers at home.”

There is also a real green side to this; the weight of all those pennies adds up, as does the cost and footprint of shipping them.

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