Mini-Stories: Volume 8
99% Invisible
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Eternal Bonds: A Journey Through Time
This chapter explores perpetual bonds, unique financial instruments that offer indefinite interest payments without the need for principal repayment. It traces the historical significance of borrowing and rental agreements for money, with specific examples like a Dutch bond from 1648 and its implications on modern finance. Additionally, the chapter delves into the complexities of these bonds, their transferability, and how they intertwine with advancements in ownership technology, like blockchain.
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