News Tagged "trust" - Austin Lloyd

Coins of Controversy - The Seated Liberty Dime 1873-1874 (with arrows)

December 26, 2018

In 1853 and 1873, the U.S. Mint changed the weight of each denomination of silver coins. Both times, arrows were added to the coins on each side of the date. These were removed from coins in 1856 and 1875, respectively.

American Coin & Bullion Normalizing after 1873: 19th Century Coinage & Currency #3

December 20, 2018

Following the controversies and fiscal problems resulting from of the Coinage Act of 1873, compensatory measures were taken by the Treasury and the US Mint to resume more normal issuance and circulation of US Currencies. Silver coins were made legal tender at their nominal value for any amount not exceeding $5

Money Problems: Coinage to Crypto #9

November 23, 2018

The first American Colonists faced a problem: They didn’t have enough currency. Bitcoin—and today’s other cryptocurrencies—solve old problems of currency and create new limits on how it’s used. Perhaps the problems with money debated by the founding fathers of the United States and the problems associated with cryptocurrencies are not problems at all. These are the points of contention at the heart of all fiscal systems - and those which are inherent to their respective successes.

Counterfeiting & Countermeasures: Coinage to Crypto #8

November 15, 2018

Counterfeiting is a real danger to numismatics and cryptocurrency alike. Both the rare coin and digital currency communities seek methods to combat the artificial manufacture and trade of the assets that make up their professions. It has been a governing philosophy of the Coinage to Crypto Series that numismatists, stackers and crypto experts can find common bonds. In keeping with this thinking, perhaps the blockchain will provide tracking and anti-counterfeiting measures to the numismatic community, despite many numismatists' resistance to change.

Policy vs. Value: Coinage to Crypto #7

November 08, 2018

Although economists and bankers alike understand themselves as the real source of knowledge about money, numismatists, stackers and coin collectors beg to differ. Numismatics, as many with an affinity for rare coins agree, is the true study of money. Strangely, coins (especially rare coins) may have become a currency other than their original mintage. There is an alternate system of agreement for their value, creating a different monetary policy.

Dynamics of Trust: Coinage to Crypto #6

November 02, 2018

"What's your cow to bitcoin conversion rate?"

Trust is the ultimate origin of value determination. The buyer must trust that by accepting a form of currency - coin, note, or ledger entry - for real goods and services, that they have attained an item of comparable value which may then be used to acquire other goods and services that they need or want.