The Isle of Man 50p "Ram" coin features the head of a Manx Loaghtan, a breed of sheep native to the Isle of Man that sometimes sport as many as six horns. The smaller symbol with three armored-legs is part of the Isle of Mann's flag and dates back to the thirteenth century.
(Via Fordsmender.) Read the rest
In Hackettstown, New Jersey, a McDonald's drive-through customer reportedly paid with a "smoldering" dollar bill that burned the employee's hand. From NJ.com:
After taking the money, the employee realized the dollar was still smoldering and she was burned on the palm of her left hand, police said. The employee refused medical treatment.
Police are investigating the incident and said no further information would be released at this time.
Obviously the customer has money to burn. Read the rest
I've seen people in the US count money in nearly all these ways but perhaps certain methods are dominant in different countries. In any case, the Belarusian finger flip is new to me and rather impressive. Try doing that with your stinkin' bitcoins!
"70 People Reveal How To Count Money in Their Country" (Condé Nast Traveler) Read the rest
Last month in Texas, Ana Lisa Garza, a Democrat running for a state House seat, received a campaign donation of deer semen valued at $51,000. The semen is stored in straws that are worth $100 to around $5,000 each depending on the genetics of the "donor." From ABC7News:
...The donated deer semen was collected in a tank and put on an auction at an event hosted by the Texas Deer Association last month, according to the Dallas Morning News' initial reporting.
It is unclear how much the whole tank earned at the auction to fund Garza's campaign. Deer breeder Allan Meyer, who donated about $3,000 worth of semen straws to Garza, said deer semen is a valued commodity among breeders in Texas because that's the only way to bring specific desired genes in the herd.
Texas is a "closed border" state so deer are not allowed to be imported.
(via Weird Universe, image from North American Deer Registry) Read the rest
More about "the evolution of Queen Elizabeth II, as shown by banknotes" in this Washington Post article from 2015.
(via r/interestingasfuck)
Queen Elizabeth's life in banknotes. https://t.co/ZHx71FuubN pic.twitter.com/cfO8TnxmS7
— Cliff Pickover (@pickover) October 2, 2017
Dip your dollar into liquid anhydrous ammonia, dry it, and repeat. The surface tension of the boiling and evaporating ammonia shrinks the bill. Caveat: It could prove difficult to use a mini-dollar and mutilating a bill may even be illegal.
(Applied Science via Weird Universe)
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
Miami, Florida resident Fernando Caignet Aguilera, 64, was cited after he attempted to trade an alligator he found in a nearby park for a 12-pack of beer at a convenience store. According to CNN, he faces six months in jail and a $500 fine for "taking possession and selling an alligator, which is a second-degree misdemeanor." Read the rest
Robert McMillan on Bitcoin "maverick" Jed McCaleb, who started Mt. Gox and now offers Ripple, an alternative to the digital currency. [Wired]
Read the restAfter selling Mt. Gox, McCaleb started thinking more deeply about Bitcoin. He was a huge fan, but he thought he could so some things better. First, he wanted to do away with Bitcoin mining — the process by which computers on the network verify transactions in exchange for Bitcoins. Because miners are rewarded in proportion to the processing power they add to the network, Bitcoin mining has become a bit of an arms race, with very specialized and powerful computers now doing the bulk of the work. McCaleb, a 38-year-old surfer and Berkeley dropout from Little Rock, Arkansas, sees this as excessive. By his reckoning, there’s $160 million spent annually on mining the Bitcoin network, “which is insane,” he says. “And this isn’t something that’s going to go away. It just gets worse and worse.”
An interesting piece in the Guardian this week about cashless commerce in Greece, where the currency crisis has prompted citizens to take unusual measures to obtain essential goods. One exchange website in particular is cited, and a unit of barter known as "tems." The network has been online for about a year and a half. Snip from a portion of Jon Henley's report about the open-air markets where tems are exchanged for daily neccessities:
Read the rest“They’re quite joyous occasions,” she said. “It’s very liberating, not using money.” At one market, she said, she approached a woman who had come along with three large trays of homemade cakes and was selling them for a unit a cake. “I asked her: ‘Do you think that’s enough? After all, you had the cost of the ingredients, the electricity to cook …’
“She replied: ‘Wait until the market is over’, and at the end she had three different kinds of fruit, two one-litre bottles of olive oil, soaps, beans, a dozen eggs and a whole lot of yoghurt. ‘If I had bought all this at the supermarket,’ she said, ‘it would have cost me a great deal more than what it cost to make these cakes.’”
What rules the system has are designed to ensure the tems continue “to circulate, and work hard as a currency”, said Christos Pappionannou, a mechanical engineer who runs the network’s website using open-source software. No one may hold more than 1,200 tems in the account “so people don’t start hoarding; once you reach the top limit you have to start using them.” And no one may owe more than 300, so people “can’t get into debt, and have to start offering something.
Jack Balkin, a Yale Law prof, has a weird idea for solving the debt crisis. He says the law sets no limit on the amount of currency the US Mint can float, provided it produces the currency in the form of platinum coins. So:
Ironically, there's no similar limit on the amount of coinage. A little-known statute gives the secretary of the Treasury the authority to issue platinum coins in any denomination. So some commentators have suggested that the Treasury create two $1 trillion coins, deposit them in its account in the Federal Reserve and write checks on the proceeds.
3 ways Obama could bypass Congress
(Thanks, Fipi Lele!)
(Image: platinum eagle re-mix, a Creative Commons Attribution (2.0) image from sirqitous's photostream) Read the rest
