Topic: coinage that is worse than obsolete

boof started this discussion 1 year ago #119,659

There is coinage that is not needed. First, a list of some:
EU: 0.01, 0.02, 0.05, 0.10, 0.20, 0.50, 1.00 and 2.00
UK: 0.01, 0.02, 0.05, 0.10, 0.20, 0.50, 1.00 and 2.00
US: 0.01, 0.05, 0.10, 0.25, 0.50, and 1.00
JAP: 1, 5, 10, 50, 100, and 500
CAN: 0.05, 0.10, 0.25, 0.50, 1.00, and 2.00
AUS: 0.05, 0.10, 0.20, 0.50, 1.00, and 2.00
NZ: 0.10, 0.20, 0.50, 1.00, and 2.00

which coins should get the boot

Anonymous B joined in and replied with this 1 year ago, 20 minutes later[^] [v] #1,311,146

0.02

boof (OP) replied with this 1 year ago, 45 minutes later, 1 hour after the original post[^] [v] #1,311,163

I figure any less than 1.00, all get the boot except 0.10 and 0.50

Anonymous B replied with this 1 year ago, 18 minutes later, 1 hour after the original post[^] [v] #1,311,166

@previous (boof)

0.05 is important, and 0.20

Anonymous C joined in and replied with this 1 year ago, 2 minutes later, 1 hour after the original post[^] [v] #1,311,167

I can't figure out why it all isn't digital yet.

dw !p9hU6ckyqw joined in and replied with this 1 year ago, 14 hours later, 16 hours after the original post[^] [v] #1,311,279

One and two cents have been booted here already

Anonymous E joined in and replied with this 1 year ago, 6 minutes later, 16 hours after the original post[^] [v] #1,311,280

@1,311,166 (B)
Just keep devaluing your money until 1 dollar is like 20 cents and then stop using cents in prices. Oh wait, America has already done that but kept the cents for literally no reason

(Edited 5 minutes later.)

Anonymous E double-posted this 1 year ago, 2 minutes later, 16 hours after the original post[^] [v] #1,311,281

Where is my fucking 200 USD coin for filling up at the gas pump!!!!

Anonymous E triple-posted this 1 year ago, 6 minutes later, 16 hours after the original post[^] [v] #1,311,282

@1,311,163 (boof)
10 dollar coin and 50 dollar coin

Anonymous B replied with this 1 year ago, 3 minutes later, 16 hours after the original post[^] [v] #1,311,284

@1,311,279 (dw !p9hU6ckyqw)

What if an item is 1.99?

dw !p9hU6ckyqw replied with this 1 year ago, 1 minute later, 16 hours after the original post[^] [v] #1,311,285

@previous (B)
U pay 2

Anonymous B replied with this 1 year ago, 3 minutes later, 16 hours after the original post[^] [v] #1,311,286

@previous (dw !p9hU6ckyqw)

That seems like a way for the Man to rip you off.

dw !p9hU6ckyqw replied with this 1 year ago, 5 minutes later, 16 hours after the original post[^] [v] #1,311,288

@previous (B)
Well you could just pay by card

Anonymous E replied with this 1 year ago, 13 minutes later, 17 hours after the original post[^] [v] #1,311,289

@1,311,286 (B)
Don't worry, that's already happening. Did you know that when you pay in cash you are subsidizing credit card transaction fees, because legally stores cannot offer a separate price for card transactions thanks to Visa and Mastercard lobbyists? It's true!

(Edited 22 seconds later.)

dw !p9hU6ckyqw replied with this 1 year ago, 4 minutes later, 17 hours after the original post[^] [v] #1,311,290

@previous (E)
It's still way more expensive to accept cash than credit cards

Anonymous B replied with this 1 year ago, 31 minutes later, 17 hours after the original post[^] [v] #1,311,292

@previous (dw !p9hU6ckyqw)

That isn't true. With cash, nobody takes a chunk out of it for the transaction.

dw !p9hU6ckyqw replied with this 1 year ago, 1 minute later, 17 hours after the original post[^] [v] #1,311,293

@previous (B)
It has to be brought and taken from the store by security vans and the bank takes a percentage too

Anonymous B replied with this 1 year ago, 32 minutes later, 18 hours after the original post[^] [v] #1,311,297

@previous (dw !p9hU6ckyqw)

It doesn't always, many small businesses just get it themselves and any cash charges are less than the card charges.

Anonymous E replied with this 1 year ago, 3 minutes later, 18 hours after the original post[^] [v] #1,311,298

@1,311,293 (dw !p9hU6ckyqw)
There's always cryptocurrency, the store can be its own bank and stop abstracting away the transaction fees 😎

boof (OP) replied with this 1 year ago, 2 hours later, 20 hours after the original post[^] [v] #1,311,320

I know what you're thinking: hey fuckhead, you left out India. OK then
These are multiplies of whole rupees.
1, 2, 5, 10, 20

dw !p9hU6ckyqw replied with this 1 year ago, 20 minutes later, 20 hours after the original post[^] [v] #1,311,325

@1,311,298 (E)
Which, while more transparent, will be infinitely higher than a regular payment method

dw !p9hU6ckyqw double-posted this 1 year ago, 15 seconds later, 20 hours after the original post[^] [v] #1,311,326

@1,311,297 (B)
Maybe in the US

Anonymous E replied with this 1 year ago, 16 minutes later, 21 hours after the original post[^] [v] #1,311,335

@1,311,325 (dw !p9hU6ckyqw)
No it's not more expensive, for instance you could use dogecoin for everyday purchases. Very cheap fees, vastly, vastly cheaper than Visa card transaction fees

(Edited 1 minute later.)

dw !p9hU6ckyqw replied with this 1 year ago, 27 minutes later, 21 hours after the original post[^] [v] #1,311,345

@previous (E)
Lol great idea.

Anonymous B replied with this 1 year ago, 39 minutes later, 22 hours after the original post[^] [v] #1,311,351

@1,311,335 (E)

However, your suppliers would like to have dollars, not dogecoin.

Anonymous E replied with this 1 year ago, 2 hours later, 1 day after the original post[^] [v] #1,311,377

@previous (B)
So? You trade the dogecoin for dollars and only pay 0.25% trading fee on an exchange. Wow very cheap! Or you keep paying up to 5% per transaction to Visa and pass the damage on to your customers

Anonymous B replied with this 1 year ago, 1 minute later, 1 day after the original post[^] [v] #1,311,378

@previous (E)

Unfortunately when you accepted dogecoin it was worth 25% more than it is today, so you have lost a lot of money.

Anonymous E replied with this 1 year ago, 38 seconds later, 1 day after the original post[^] [v] #1,311,379

@previous (B)
Dogecoin is actually very stable

Anonymous B replied with this 1 year ago, 55 minutes later, 1 day after the original post[^] [v] #1,311,388

@previous (E)

For a crypto, maybe.

Anonymous E replied with this 1 year ago, 1 hour later, 1 day after the original post[^] [v] #1,311,400

@previous (B)
Meanwhile fiat currencies continue to suffer from rampant inflation at several percent per year, double or triple digit inflation in some cases. a guaranteed loss of value if you store cash for any amount of time

(Edited 4 minutes later.)

Anonymous B replied with this 1 year ago, 5 minutes later, 1 day after the original post[^] [v] #1,311,402

@previous (E)

Nobody stores cash for any amount of time

Anonymous E replied with this 1 year ago, 1 minute later, 1 day after the original post[^] [v] #1,311,404

@previous (B)
Then there's no problem, sell your dogecoin to buy more shit from your suppliers.

(Edited 2 minutes later.)

Minichan