Super weird food for thought, but I used to think about the universe a lot as a kid, and back then we were under the assumption that the expansion of the universe was slowing. At some point that viewpoint changed and we now believe it is accelerating, hence the emergence of so called dark matter. Anyway, this led me to envision a fourth dimension, a sphere. Imagine that our universe began at any arbitrary point on th…
The universe isn't the penny, it's the balloon. Physicists believe we are living on the surface of a hypersphere. One important consequence of this idea is that the big bang didn't occur at a specific point in our 3D space, but at the center of the sphere.
Furthermore, the concept of a balloon expanding vs. deflating is a bit of a misconception. The argument used to be that whether or not the balloon is expanding, depending on the rate of the expansion, gravity could eventually win out and cause the matter to collapse back together (big crunch scenario). The problem with that theory is that we now know that galaxies are speeding away from us at a growing speed that (not sure the exact details, probably based on red shift in light from nearby galaxies). So the idea of gravity winning out was not based on evidence, just one of a number of possibilities, but the evidence proved it wrong beyond a doubt.