This series of pictures of castles and NYC apartments has been trending on the internet.
Continue reading NYC Apartments Cost as Much as Castles (and People Just Don’t Get Why)
Monthly Archives: March 2014
Food Socialism Coming to an EU Near You!
The EU is legislating away food speculation to decrease food price volatility. This could not possibly backfire.
Goldman Sachs, Barclays, Deutsche Bank, JP Morgan and Morgan Stanley together made an estimated £2.2 billion from speculating on food including wheat, maize and soy between 2010 and 2012. Speculation increases price volatility and has been a major factor in the sharp spikes in global food prices of the last six years.
We Need a Bitcoin-Style Prediction Market
Prediction markets are a wonderful thing. The only problem is that governments keep shutting them down!
The solution is to create a bitcoin-style, decentralized prediction market that can’t easily be shut down. The prediction market could take bets denominated in bitcoin or another cryptocurrency. As with these cryptocurrencies, this prediction market would have a public ledger keeping track of bets, with many computers processing bets and updating the ledger. Continue reading We Need a Bitcoin-Style Prediction Market