Read out of the corner of your eye! – L’Expresso du Coin, the series dedicated to those in a hurry. A quick read, for beginners and experts, to entertain you over a coffee. little stories, cryptographic vocabulary And news to educate yourself while having fun. In this Expresso we tackle the thorny issue of money!
History around the corner
Richie Comcresus has everything he ever wanted: a magnificent villa with an incredible view of the turquoise waters of the Lac d’Or, a host of employees at his service, a gigantic swimming pool and above all a amazing art gallery.
However, Richie isn’t happy. He is even subject to a deep depression. For years, in fact, he has been looking for his masterpiece, the last work that will complete, like a jewel, his innumerable paintings and sculptures.
Ballad at the Trocamadour
On a beautiful summer afternoon along the Silver River, Richie is walking along the bank. He observes with an attentive eye the multitude of budding painters who try to put the wonders of nature on paper. Indeed, today is held the Annual Painting Festival of the city, the perfect opportunity for Richie to finally unearth the rare pearl.
His eyes suddenly fall on the work of Claude Sanlesou. The latter, an unknown artist, wearily finishes his painting on which the meanders of the river stretch out before him. Claudio sighs. He hasn’t been able to pay the rent for two months. It won’t take long to be expelled manu militari from the lodging. He definitely he is not lucky.
For Richie, it worked.
“My good sir, I need your work. It will be the jewel of my gallery.
Claude, taken aback, turns to him.
– Well, I don’t see any problem. But you understand that I took some time to draw it. I can not give it to you.
“My prize will be yours,” Richie exclaims enthusiastically.
– What do you have to offer me in this case?
Richie, suddenly taken aback, rummages in his pockets. For not having brought anything precious with him, dazed as he is, only his house key emerges.
– Thin! All I have with me is the key to my house.
— Sold!, replies Claude Sanlesou, grabbing the key.
Surprised at first, Richie shrugs and grabs the painter’s canvas, proud of his new acquisition. Claude, meanwhile, will no longer have to worry about paying the rent.
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In the corner of the head – The coin
Money appeared very early in the history of civilization, as people quickly needed to exchange goods. the barter ended up finding its limits because of the problem of the double coincidence of needs. It’s hard to find someone who has exactly what you want and needs exactly what you’re selling, at the same time and in the same proportions. We come to the absurdities, like exchanging a canvas for a house.
In centuries, gold therefore emerged as the solution transfer intermediary. An unalterable, rare, difficult to produce, divisible, almost useless material, except for its function of store of value Exactly.
In addition to its features of medium of exchangea currency must be a means of conserving the value of one’s work, of one’s expenditure of energy over time, but also be a unit of account in which to express all other assets. Recently, however, gold has been abandoned in favor of paper money, fiat currencies, such as the euro and the dollar, which have value only on the basis of the trust that society places in them. A piece of paper has no value in itself. It’s just paper that the financial authorities have a hard time preventing themselves from printing at will.
Stay in the corner!
Beyond its current speculative character that scares the media, bitcoins has all the qualities to one day satisfy the currency function. In addition to being an interesting tool for financing the energy transition and renewables, even if the relentless clamor has so far managed to create the opposite sentiment in public opinion, Bitcoin is an alternative currency on which it is not not uninteresting manage a DCA (Average cost in dollars)as discussed in the previous Expresso du Coin. Just in case, our financial institutions start messing with the currency. Do we ever know?
Bitcoin is an alternative proposition that evolves alongside our current banking systems. Another choice given to the population at a time when those of our financial institutions are increasingly questioned. And what better way to start a DCA than to bear market period ?
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