Prize Linked Savings are a cross between a lottery and a savings account. The chance of a big Jackpot win and the guaranteed return of funds attract depositors but as with anything in life, PLS aren’t a free lunch.
What are Prize Linked Savings?
Tag: investing
What is time preference & why is it changing
If you asked the average person in the street what two things they would want more of, the likely answer would be time and money. Joe Public is working harder for less and increasingly living day-to-day. Economists might explain it through changes in time preference. But what is time preference, and why is it changing? Find out via a four-paragraph history of civilisation, an episode of Atlanta and Bitcoin.
Dogecoin – A Trojan Horse not just a cute dog
Is Dogecoin the ultimate illustration of the crassness of crypto, or is there a more meaningful side to the Shibu meme-coin?
How can interest rates be negative?
The universe functions such that for every action there is a reaction, and conversely, nothing happens without some force or energy being applied. QED – This should also apply to money. But we live in times where logic seems to be breaking down, the biggest demonstration of which are negative interest rates.