DailyDirt: Saving For A Rainy Day

from the urls-we-dig-up dept

Physical cash seems to be a bit less popular than it once was. Some European countries are even contemplating completely digital currencies to combat the potential side effects of negative interest rates (i.e. people taking out all of their savings as cash). At the same time, Bitcoin and other cryptocurrencies could provide other means of payments without dealing with physical cash. So are we ready for a cashless society? (No, probably not for some time.) However, digital currencies could take away the importance of centralized banking, bit by bit. Perhaps some older forms of savings will make a comeback.

Hold on. If you’re still reading this, head over to our Daily Deals to save an additional 10% on any item in our Black Friday collection — using the code: ‘EARLY10’ — just through this Sunday, November 22nd.

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Comments on “DailyDirt: Saving For A Rainy Day”

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cpt kangarooski says:

Historically most tontines were just clever scams, and in some cases were banned because it provides the members with a strong — in practice, too strong — desire to see the other members die before you do.

Even The Simpsons got in on this: the episode “Raging Abe Simpson and His Grumbling Grandson in ‘The Curse of the Flying Hellfish'” from season 7 featured a tontine in which Abe Simpson and Mr. Burns were the last two surviving members. Naturally Burns sent an assassin after Abe.

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