HIMULATION

How Amadeo Giannini created the Bank of America

80 years ago, the Bretton Woods Agreement was signed, establishing a global monetary and financial system.

Despite its young (adolescent by human standards) age, blockchain is now very popular. News about it appears in the media daily, theses are defended, monographs and dozens of specialized journals with hundreds of scientific articles are published, apocryphal stories of blockchain circulate on social networks in the epic spirit of Homer and the Prophetic Boyan - "The Saga of Public Keys", "The Legend of Bitcoins, Economic Left and Cyberpunks of the XXI Century", etc. In short, a picture of the...

Before the beginning of the new year, the idea of setting important goals, changing yourself and their lives for the better comes to people's mind more often than usual.

The Renaissance era became the dawn not only of science and art, but also of cryptography.

Economists should turn their attention to the stars

“Confiscation all comes down to this: the government makes the rules, changes the rules, and enforces the rules. Though it lacks the moral right, it can create legal authority.Though it lacks the constitutional empowerment, it can turn a blind eye to the Constitution…The Constitution did not stop the government from taking people’s gold in 1933.”Some historical context: The Eurodollar SystemThe Eurodollar system emerged as a workaround to the limitations of the Bretton Woods monetary system e...

At best, cryptocurrency provides the illusion of decentralization.

Expectations that events will develop in a certain way can make people act in such a way that expectations are realized even if they were initially wrong.

Game money as one of the main game tools was present in computer and console games of the 1980s. From there, they migrated to the 1990s and at the very beginning of the zero years of our century in the online version of these games. And the number of new games based on the accumulation and spending of virtual goods (commodity money) or in-game currency grew rapidly, the popularity of such games was off the charts. There is no point in looking for which online currency was the first. There wer...