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[–] 44 points 1 year ago (4 children)

How long it lasts as a usable token of trade

So it's still worthless. Genuinely, what can a penny purchase? A nickel? A dime? None of these coins can buy something individually, and a large chunk of the population doesn't carry them because the utility they gain for having exact change is less than the coins are worth

To be clear, I understand the coins vs. bills argument, but I'm personally in favor of cutting all coins up to the quarter. Or cutting all coins except dimes and half dollars, but dimes are annoying coins

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  • [–] 4 points 1 year ago* (3 children)

    I prefer redecimalization. Just redesign money with a zero chopped off. Also get rid of the $1 bill and replace it with a coin. This would make the coins represent the current value of 10c, 50c, $1, $2.5, (maybe $5), and $10, with bills for $20, $50, $100, $200, and $1000. Bills would be representing amounts of money that while commonly exchanged, isn't actively everyday transaction amounts, those would be represented by coinage.

    It's similar to the current situation with yen, where usually you're rooting in your pocket to pay for something small, not opening your wallet. Though for the life of me I can't understand why the 1¥ coin remains

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  • [–] 15 points 1 year ago (1 child)

    I appreciate trying to save resources here, but Americans are way too fucking stupid for that to work, amid a myriad of other issues I see with this

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