It’s worth thinking about that promise to ‘pay the bearer on demand the sum of ten pounds’. When we parse it, it’s not clear what it means. Ten pounds of what? We’ve already got ten pounds. That’s exactly what we’re holding in our hand. It doesn’t mean, pay the bearer on demand ten pounds’ worth of gold: the link between currency and gold was ended in 1971, and anyway, Gordon Brown sold off the Bank of England’s gold reserves in the 1990s. The fact is, there’s no answer to the question, ten pounds of what?
When Bitcoin Grows Up: What is Money?
More of Today's Solutions
Changemakers of the week: GRuB and SparkNJ
Every day on the Optimist Daily, we report on solutions from around the world. Though we love solutions big and small, the ones that ...
Read MoreThe giant beneath the waves: world’s largest coral found in the Pacific
BY THE OPTIMIST DAILY EDITORIAL TEAM In a world where bad news about the environment routinely outweighs good news, scientists have discovered an incredible ...
Read MoreTortoise discovered in a home in Pompeii
Almost 2000 years after the eruption of Mt. Vesuvius and its trapping of the city of Pompeii in time, archaeologists are still making discoveries ...
Read MoreRevel at the most detailed image of our universe yet
Here at The Optimist Daily, we have been sharing every exciting step of the James Webb Telescope’s journey, from its long-awaited launch, to when ...
Read More
