Category: Finance

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Economics Finance Technology

Who is the Ruler?

Bitcoin is the open source software which means anyone can read its code and anyone can update their own copy with whatever code they want. This is the reason why there are tons of other so called alternative crypto currencies. Same as TCP/IP, Bitcoin is actually a protocol which is basically a set of rules that every bitcoin nodes have to follow to communicate with other nodes. So who actually makes the rule in Bitcoin? The rules of the Bitcoin is set in the Bitcoin Core Client.

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Economics Finance

時間選好

経済学における時間選好とは、将来の満足よりも現在の満足を重視する人間固有の傾向を指す。人は将来、手に入る同じ財やサービスよりも、現在手に入る財やサービスの方に価値を感じる。これは意思決定、特に消費と投資の領域で重要な役割を果たす概念である。これは、将来のリスクや不確実性を避けたい心理が働くからだ。よくある例で言えば、今日100円を受け取るか、1年後に150円受け取るかという選択を迫られた場合、ほとんどの人は今日100円受け取る方を選ぶだろう。

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Economics Finance

Time Preference

Time Preference in economics, referes to the inherent human tendency to value the present satisfaction more than future satisfaction. People value goods and services available in the present more than the same goods and services available in the future. It is a concept that plays a crucial role in decision-making, especially in the realm of consumption and investment. This is largely due to the risks or uncertainty of the future. The common example is, if given the choice between ￥100 today and ￥150 a year from now, most people would chose to receive ￥100 today.

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Economics Finance Technology

CBDC

Japan is planning to issue newly printed 1000, 5000 and 10000 yen paper notes in the first half of 2024. Why would the country print their newer version of paper notes often? They do this roughly every 2 decades for various reasons one of which they claim, is to prevent counterfeiting. World is moving faster towards issuance of the digital currency yet Japan is printing new bills. This is because most of the Japanese still prefer to use and save in paper currency. But the young generation use credit cards, QR payment system and online banking. The timing for the renewal of paper money this time does not seem to be thought of well by the government. Anyway, it does not seem straightforward.

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Economics Finance Technology

中央銀行デジタル通貨

日本は2024年上半期に1000円、5000円と10000円札の新紙幣を発行する予定となっている。なぜ国は頻繁に紙幣を交換するのだろうか？ 約20年ごとに行われているこの交換に様々な理由がある。その内の一つが偽造を防ぐためだとされている。世界はデジタル通貨の発行に向かって急速に進んでいるが、日本は新しい紙幣を印刷しようとしている。これは、日本人の多くがいまだに紙幣を使用して貯蓄することを好むからだ。しかし、若い世代はクレジットカード決済、QR決済システムやオンライン・バンキング/ネット・バンキングを利用するようになってきている。今回の紙幣の刷新のタイミングは、一見政府も十分に考慮されてないように思えるが、とにかく一筋縄ではない感じが漂っている。

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Economics Finance History

Money

Have you ever thought of what money is? I have been searching for answer to this question and going through this rabbit hole to find about Money for some time. Its very hard to conclude what exactly it is. But one certainty is almost everybody seems to go after it. Some do it for living, some for power, some for buying stuff, some to help other people, some for status, some to impress others, and many more. Most sacrifice their finite time for money, some even prioritize it over relationships. But its really hard to know what Money actually is. Very few use it as a tool of freedom which is what I found very interesting among its various use cases. Our civilization has come a long way and there was always this tool we call money and every era had few people who used it as a tool and most of the rest lived to get it for above mentioned various purposes.

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Finance

Pension, Tax and Investment

I’ve been searching for the answer to the question “What is Money?” for quite some time.

I’ve been going down this rabbit hole for long but its really hard to know what money is. For some it might be everything, for someone it might just be a tool, for someone it might be way of freedom and for someone it might be the power. But what actually is Money? Who creates it? Why does it have value? What is Value? Why humans sacrifice their finite time out of their life to get money? Why is it so important? What if there was nothing such as money? Would we live the way we live? There are lots of questions like these which is very hard to answer but one thing is for certain. We as a human from the beginning of time always had desire to put value on something through a tool we call money. The form of it might have changed from barter, to labor time, to glass beads, to salt, to stones, to gold, to silver, to coins, to paper and now to digits on a computer.

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