Studio sculpts giant coin, photographs it alongside normal objects to make them look tiny

In 2011, the Norwegian design studio Skrekkøgl scuplted a massive 50-Euro-cent coin and shot it from above with a tilt-shift lens alongside numerous full-sized objects to make them seem to be cunning miniatures. Read the rest

Bitcoin transactions could consume as much energy as Denmark by the year 2020

The numbers in this study are very back-of-the-envelope and assume a worst case: widespread adoption of Bitcoin and not much improvement in Bitcoin mining activity, along with long replacement cycles for older, less efficient mining rigs. Even the best case scenario has Bitcoin consuming a shocking amount of electricity.

Read the rest

Chase freezes man's bank account because his dog's name, 'Dash,' looked like 'Daesh'

Bruce Francis transferred some money to his dog walker to pay for services to his pit bull, and wrote the dog's name, "Dash," in the notes field.

Read the rest

Canada's next bank notes will feature portraits of women

...instead of Spock's great-great-great-grandfather. Prime Minister Justin Trudeau made the announcement on Twitter on International Women's Day, and invited the public to nominate women to appear on the new notes. Read the rest

Despite media consensus, Bernie Sanders is raising more money, from more people, than any candidate, ever

After mixed showings in the primaries and a sense that the Democratic Party's profoundly undemocratic "superdelegates" will hand Hillary the nomination no matter what, the press has all but declared Bernie Sanders out of the race. Read the rest

Free Bitcoin textbook from Princeton

The Princeton Bitcoin Book by Arvind Narayanan, Joseph Bonneau, Edward Felten, Andrew Miller and Steven Goldfeder is a free download -- it's over 300 pages and is intended for people "looking to truly understand how Bitcoin works at a technical level and have a basic familiarity with computer science and programming." Read the rest

Beautiful, 1 oz calavera and oracle coins

Dead on Paper makes many beautiful, strange things, but I'm most taken by two of its custom coins. Read the rest

Knife hidden in a Kennedy half-dollar

No one will look twice at your tiny knife hidden in a JFK 50-cent piece, assuming your deep cover identity is as a harmless numismatist. (via Red Ferret) Read the rest

US Treasury Dept wants to know which offshore crimelords are buying all those NYC and Miami penthouses

It's an open secret that the world's luxury property boom is being driven by crooked rich people in the former Soviet Union, Asia, and Sub-Saharan Africa who have looted their homelands and want to stash the money out of reach of any new dictators who might come along and change which oligarchs are favored and which are not. Read the rest

Man buried retirement cash, only to have it eaten by worms

Five years ago, a fisherman in Deyang, China, buried his entire life savings. The amount he buried totaled about US$5,500. When Wu Chen, 67, and his family recently dug it up, they discovered that the plastic bag the bills were in had deteriorated. Worms and insects had eaten through much of his cash.

Read the rest

Can you pass this personal financial literacy test?

Standard & Poor’s, Gallup, the World Bank, and George Washington University gave a five-question test on personal financial concepts to 150,000 people in more than 140 countries. Only 33% of people passed by demonstrating competency in three out of the four topics covered: risk, inflation, interest, and compound interest. Here's the quiz:

1. Risk Diversification: Question: Suppose you have some money. Is it safer to put your money into one business or investment, or to put your money into multiple businesses or investments?

2. Inflation: Question: Suppose over the next 10 years the prices of the things you buy double. If your income ALSO doubles, will you be able to buy less than you can buy today, the same as you can buy today, OR more than you can buy today?

3. Numeracy and Comparison (Debt): Question: Suppose you need to borrow $100. Which is the lower amount to pay back: $105 or $100 plus three percent?

4. Interest Compounding (Saving): Question: Suppose you put money in the bank for two years and the bank agrees to add 15 percent per year to your account. Will the bank add MORE money to your account the second year than it did the first year, or will it add the same amount of money both years?

5. Interest Compounding (Saving and Numeracy): Question: Suppose you had $100 in a savings account and the bank adds 10 percent per year to the account. How much money would you have in the account after five years if you did not remove any money from the account?

Read the rest

Woman shredded $1 million before death to spite relatives

An 85-year-old woman in Vienna shredded more than $1 million in cash before dying just to zing her relatives. Amazingly, the National Bank of Austria (OeNB) will replace all the cash.

"If the heirs can only find shreds of money and if the origin of the money is assured, then of course it can all be replaced," said Friedrich Hammerschmidt, deputy head of the OeNB. "If we didn't pay out the money then we would be punishing the wrong people."

(AFP) Read the rest

Watch: fake $50 bill revealed to be a $10 bill

It appears that someone put decals on this $10 bill to pass it off as a $50. I'm sure most marks wouldn't notice that Hamilton's face is on the bill when it should be Grant, especially in another country where the currency is less familiar. Read the rest

Molly Crabapple's dystopian take on The Great New York Stock Exchange Outage of July, 2015

“I was met by fires in the streets, the screams of the dying tourists and the shouts of former traders offering sacrifices to their new gods...”

A woman will replace Alexander Hamilton on the new US $10 bill

A yet-to-be-determined woman will replace Alexander Hamilton's mug on the US $10 bill, according to Treasury Secretary Jack Lew. Read the rest

Amazingly fast counting of Chinese cash

Watch those fingers go!

Below, a classic video showing more cash counting techniques from around the world:

Read the rest

Anarchy in the UK Mastercards

Because irony is alive and well in the 21st century. I'm holding out for my Kill the Poor platinum Amex. Read the rest

More posts