In the US, there’s been talk for decades to get rid of the penny because it costs more to make than it’s actually worth. But Canada said “Fuck it” and went ahead and killed the penny. Good night, penny.
There are thousands and thousands of companies making a showing at this year’s CES, but one surprise appearance is by Bitcoin. The digital currency, once a thing of only hackers and underground internet drug dealers has been trying to go legit lately, and their booth at CES highlights this emergence from the dark web.
Right now, your credit or debit card is just a dumb piece of plastic that only serves the purpose of keeping that magnetic strip on the back in a straight line so readers can read it. But in the near future, your credit card will have buttons and a screen so you can check your balance as well as adding a second layer of security for transactions.
Even though Wordpress now takes Bitcoins as payment, the rest of the world hasn’t taken Bitcoin seriously as real money. That may begin to change, now that Bitcoin Central, the hub from which all Bitcoin exchanges are transacted, has been approved in France to operate as a real bank.
Even though the US government has tried and tried for decades to get people to accept a $1 coin, it’s never caught on. But the Government Accountability Office (GAO) says that by permanently replacing the paper dollar with a coin, the government could save $4.4 billion over 30 years.
The filming of all the Lord of the Rings movies and now the Hobbit movies is kind of a really big deal for New Zealand, and so to celebrate, New Zealand has decided to deck out both its stamps and coinage with characters from the upcoming Hobbit film. Actor Ian McKellen, AKA Gandalf, has said it’s “a wizard idea”.
At the end of the halfway point of this season of Breaking Bad, character Skyler White (Anna Gunn) takes her husband Walter (Bryan Cranston) to a storage locker, where she’s started storing all the money he’s been bringing in, because it’s way too much for her to launder through the car wash business.
When you’re super rich, it’s good to stay as super rich as possible by stashing all your cash in offshore tax havens. Who wants to pay taxes that are just going to go towards building bridges and schools for poor people, when you have more yachts to buy? The Tax Justice Network’s Estimating the Price of Offshore Revisted report says that over $21 trillion has been squirrelled away in offshore tax-havens by 90,000 super-rich tax-cheats (0.001% of the world’s population)