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A common saying about the various stages of social acceptance is: "First they ignore you, then they laugh at you, then they fight you, and then you win." A decade after Bitcoin was born, cryptocurrencies are about to enter the "fight" phase in their quest to become a mainstream means of payment. That is all due to Libra, a new global digital currency that a Facebook-led coalition plans to launch as early as next year. Read more

From cowry shells to metal coins, promissory notes, paper money and plastic, humans have adapted to different currency types over the millennia. Then the first Bitcoin was issued on 3 January 2009. Read more

Rabobank recently reported farmer confidence had plummeted in the September quarter. Some 41% of surveyed farmers expected the rural economy to worsen next year. Read more

“If the only tool you have is a hammer, everything looks like a nail,” American psychologist Abraham Maslow proclaimed in 1966. The concept refers to the cognitive bias that involves an over-reliance on a familiar tool. Read more

Douglas Adams' classic The Hitchhiker's Guide to the Galaxy offers salient advice about an awful lot of things. Don't listen to Vogon poetry. Read more

Artificial intelligence will soon steal all our jobs, subjecting humans to the whims of a small and privileged capital-owner elite. At least, that is a recurring conspiracy in apocalyptical sci-fi movies or in the minds of modern luddites. Read more

In 1936, the father of Keynesian economics, John Maynard Keynes, used the term ‘animal spirits’ to refer to the fluctuating human emotions that can drive economic decisions in stressful times. Today the term is most often found in the context of investors’ decisions. Read more

Let’s say you’ve bought non-refundable tickets for a movie, and then hear scathing reviews. It’s better to tear up the tickets and make other plans for the evening rather than bloody-mindedly watch the film just because you’ve already paid to go. Read more