Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Monday, February 13, 2012

Learning Today: The Four Great Inventions And Four Genius Tinkerings. Part 1: Paper



The history of the world can be written in many different ways. We can mark the centuries by the passing of kings, by the empires' ebbs and flows, or by the progress of science and invention. Each focus will make a different kind of history, with its own heroes, tragedies, and triumphs.

If we look at the history of civilization as the history of invention, the West crouches perilously on the fringes of world history, a minor player with only a few moments of greatness. Who dominates the story instead? China.

The most conspicuous evidence of classical Chinese technical superiority are the Four Great Inventions. Paper-making. The compass. Printing. Gunpowder. These, undoubtably, paved the way for the modern world.

Tinkering
We think of invention the same way we think of magic. A single person--lab coatted and wise--huddles in a dark room and creates this new thing. He emerges after months of invention, an iPod or a pulley in his hand, waiting for the thronging crowds of people to use the creation of his inventive genius.

In Malcom Gladwell's recent article on Steve Jobs, Gladwell suggests that real invention doesn't happen like this at all. Instead, it happens by tinkering. One person has a great idea--a washing machine or a printing press--and then other people take that idea and fool around with it until it becomes perfect. The first iteration of a great idea is like first tries everywhere. Kinda incomplete and crap.

These next few days we will be looking at the Four Great Inventions of China--not just the history of their invention, but also the genius that came when they were tinkered with. We will start with paper.


Paper
Before paper, if you wanted to write something down, you were in trouble. What could you use? Leather, which was expensive--or papyrus, which was expensive. Writing, literacy, the whole great life of the mind was relegated only to the rich who could afford the luxury of paper. (This also led to people actually having to remember stuff--using their brain!--and a number of mnemonic systems, including the Memory Palace, which perhaps is a topic for another post.)

But the course of the world was changed when Cai Lun appeared in the pages of history, because it's Cai Lun who assured that the pages of history would be paper, and not the skin of a stillborn calf. Cai Lun was a eunuch in China's Han dynasty. In the turn of the first century AD, he created the first modern-looking paper from mulberry bark and trash.

In the centuries to come this paper would be used for everything we use paper for and more. Armor, clothing, toilet paper, tea bags--and yes, good old fashioned writing material.

And so how was paper tinkered with? For that let's jump ahead a couple hundred years to the turn of the millennia. Because paper is not only simple writing material. Paper can become power. Dear reader, it was also in China that paper assumed its most potent transformation, from simple writing material--to money, the store of value, the root of all evil, step one in Tony Montana's simple rules for success.



The Chinese state issued the first paper currency. Again, it was made from mulberry bark. Printed with a picture of the amount in cash that the bank note could be exchanged for, these little scraps of paper greased the wheels trade for hundreds of years before the whole system crashed in an inflationary cataclysm.

Check back next time. Hopefully we'll have time for a double-header--we'll be tackling the invention of the compass and the printing press.


Tuesday, May 17, 2011

Learning Today: May 18th 2011. Bitcoin. The Eminent Future of Currency? Libertarian Pipe Dream? Finally A Way To Buy A Tab Of Acid Online?




In the beginning, if you wanted stuff you had to give someone else stuff that they wanted. I want your goat, I have to give you twenty-five turnips. If you don't like turnips, tough cookies for me. Or tough turnips. I don't get your goat.

Slowly, and perhaps inevitably, people chose a particular good to exchange better than all other goods. It could be cowrie shells. Or barley. Or whiskey (in Revolutionary Era-America.) But the grandpappy of cool stuff to swap was gold.

Gold was nice and shiny. It didn't rust or degrade. And it was relatively light. This made trade a lot easier. If I want your goat, I don't need to bother with whether or not you want turnips. I can sell my turnips for some gold, give you that gold, and you can give someone else gold for that iPod touch you've been eyeing up.

But there was a big problem with gold: there wasn't enough of it. People wanted to trade, but they couldn't because they couldn't get the gold. People did all sorts of crazy things to get over the lack of gold. From the bill of exchange to the Ming banknote, getting over the problem of the scarcity of gold was troubling business. But what could you do?

Then paper currency came along. Paper currency was light, movable, there was (usually) enough of it. Soon people didn't really care about gold. And the world dropped the gold standard sometime during the Second World War.

We may be seeing a revolution in currency every bit as wild as paper currency. Say hello to BitCoin. The world's first electronic currency.



Could it really be one of the most dangerous things the internet has ever created? Even more dangerous than shock sites? Than Jay Beebs? Or is it all a bunch of libertarian hoo-hah?

I have no idea, because I just found out about BitCoin today. Via Waxy.

Tuesday, April 28, 2009

Now Is Time To Help The Starving Artist



So I've recently finished a novel, and I'm trying to get it published. Writing a novel is pretty easy, all things considered. Getting it published is hard. I'm also pounding away at another novel. It is really a beautiful life, writing, I assure you.

But there's a problem. You see, normal human beings use money to buy goods and services, including housing and food, which are considered by most to be necessities. Writing fiction--especially when it is fiction whose only laurels to date are some absolutely glowing rejection letters--does not provide much of this money.

Yet, there is a solution. It is called the internet.

There's this neat website called Kickstarter, and I've started a project up there. The idea of Kickstarter is this: you give artists money, and you get stuff in return. If you give me five bucks--ONLY FIVE DOLLARS!--you will get an electronic copy of my novel when it is finished. If you give me seven dollars, I will chuck in a copy of my already completed novel. Wow! There are many other wonderful things you can get, including me being your personal writing slave, so I encourage you to check it out.

Now back to our regularly scheduled blogging.