https://sangtd.net/tags/finance/Recent content in Finance on Sang's BlogHugo -- gohugo.ioenSun, 05 Jul 2026 00:00:00 +0700https://sangtd.net/from-property-to-permission/Sun, 05 Jul 2026 00:00:00 +0700https://sangtd.net/from-property-to-permission/The Constitution of the United States, Article I, Section 8, Clause 8, grants Congress the power “to promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries.” The phrase “limited Times” was not an afterthought. It was the central bargain. The government grants a temporary monopoly — fourteen years, renewable once for a total of twenty-eight — and in exchange, the work enters the public domain for everyone to build upon.https://sangtd.net/dont-save-money-own-things-that-survive-inflation/Sun, 29 Mar 2026 00:00:00 +0700https://sangtd.net/dont-save-money-own-things-that-survive-inflation/If you saved ten thousand dollars in 2004 and kept it in a savings account, you still have ten thousand dollars today. That feels like a win. You did not lose anything. You were responsible. But here is the part nobody tells you when they praise the virtue of saving: your ten thousand dollars can now buy what six thousand dollars could buy twenty years ago. You lost four thousand dollars of purchasing power by doing absolutely nothing wrong.https://sangtd.net/cryptocurrency-and-the-dream-of-financial-privacy/Sun, 22 Mar 2026 00:00:00 +0700https://sangtd.net/cryptocurrency-and-the-dream-of-financial-privacy/In 1993, mathematician Eric Hughes published A Cypherpunk’s Manifesto. It began with the assertion that privacy is essential for an open society in the electronic age. Privacy is not secrecy. A private matter is something you do not want everyone to know. A secret is something you do not want anyone to know. Privacy is the power to selectively reveal yourself to the world. This distinction is important because it shapes everything that follows.https://sangtd.net/cryptocurrency-why-it-works/Sat, 21 Mar 2026 00:00:00 +0700https://sangtd.net/cryptocurrency-why-it-works/Before you can have an opinion about cryptocurrency — whether it is the future of money, a speculative bubble, a tool for criminals or a hedge against inflation — you need to understand something more basic: what it actually is. Not the price. Not the headlines. Not the guy on Twitter who got rich or the other guy who lost everything. The thing itself. Where does a Bitcoin come from? Why can’t someone just copy it?