Entries by Woody Tasch

From Bitcoin to Beetcoin

I don’t know what a bitcoin is. I know how bitcoin is described in the media, that it is called a crypto-currency, that the Japanese programmer who created it is shrouded in secrecy, that it has been used by drug dealers, that venture capitalists are pouring billions of dollars into “mining” it, that websites feature […]

A Beetcoin Smile

I’m guessing that you, like me, watched the presidential debate on Tuesday night. And I’m also guessing that many of us have already made contributions to Hillary Clinton, Bernie Sanders … or, for that matter … Ben Carson or Ted Cruz. To my thinking, money spent on presidential politics is all pretty much the same, […]

$617 billion, $.20/lb. and A New Kind of Coin

The impulse to write today comes, as it did a few weeks ago, from two news stories. The first is from Bloomberg, which reported yesterday on mistaken stock trading orders to the tune of $617 billion—yes, that’s billion with a “b”, just like it’s trillion with a “t” when we are talking about the cost of wars and hundreds of “t’s” when we are talking about the cloud of derivatives that blankets the financial heavens.

Blaming, bombing, droning … investing.

I was watching the news this morning over my coffee and listening to a brief mention of Quaker lobbying on Capitol Hill for peace initiatives in the Middle East, to which the commentator immediately offered the following knee-jerk, supposedly un-trumpable retort: “But what about ISIS? Isn’t military response to ISIS completely justifiable and needed?” There […]

Of Algorithms, People and Knowledge

I arrived at this month’s inaugural Slow Money Canada meeting ready to share an excerpt of Michael Lewis’s new book, Flash Boys. Is there a more stark counterpoint for slow money, a better argument for bringing money back down to earth, than the excesses of high-frequency traders racing to achieve a few-millisecond trading edge?

From Bitcoin to Beets

The recent collapse of Mt. Gox and the “inconvenience,” in its CEO’s words, caused by the disappearance of hundreds of millions of dollars of Bitcoin investors’ money, should make us all think about the history of finance and … organic beets. We invented joint stock companies in 1600, came to what appeared to be an […]