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Uncut Currency

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Re: Uncut Currency

#191

Post by trey-jones »

t-3 wrote: post #130
bryanlarsen wrote: post #113

Earlier quoted context omitted.

Rely on what that couldn't be better served by $1 coins?

What in the world would a $1 coin be better than a bill for? Making a blackjack to ease the handover of $1 bills?

Well, about 25 years ago the EU issued 1 and 2 Euro coins (no bills for those denominations) and as far as I know still do. So it's working for them. When I lived over there (2005ish) I didn't care much for carrying a coin purse in addition to my wallet, but I think that's just a cultural/personal preference. Likely same as you.

Re: Uncut Currency

#192

Post by Animats »

neilv wrote: post #11

Steve Wozniak (the Apple cofounder) famously bought sheets of $2 bills, and had a printer perforate and gum them into pads. So he could literally tear off $2 bills, in front of people who might not even know it was real currency, to pay them. https://web.archive.org/web/20180311084811/http://archive.wo...

The original guy who famously did that was the publicity director for Palisades Park Amusement Park in New Jersey, some time in the 1950s and 1960s. He had a checkbook cover with a pad of bills he could tear off.

Re: Uncut Currency

#193

Post by dyauspitr »

eru wrote: post #69
firen777 wrote: post #41

Earlier quoted context omitted.

reading the comments gave me a headache...

It's instagram. Slight tangent: the YouTube comments used to be famous for being a vile cesspit. Then Google changed something, and now they are full of positivity. Often too full.

I prefer it so much more. If you told me I would be a proponent of censorship in my 20s I would have laughed at you.

Re: Uncut Currency

#194

Post by bufferoverflow »

rufugee wrote: post #180
nlh wrote: post #154

(Professional coin & currency nerd here) Fun fact about these — when the treasury first issued these, many people decided to cut them into odd off-center pieces and sell the resulting notes as miscut errors. Once that started happening, the treasury (BEP to be specific) very quickly changed the serial numbers so they’re all very recognizable as having come from an uncut sheet. I didn’t check the latest for all denomi…

I'm shocked someone would pay $500 for an erroneously cut $1 bill.

Just because it's listed at $500, doesn't mean someone will pay that.

Re: Uncut Currency

#195

Post by mindslight »

scarface_74 wrote: post #166
mindslight wrote: post #149

Earlier quoted context omitted.

Great idea. We should endeavor to be a poorer country with even less ability to escape corporate surveillance.

Yes, I’m really worried about what exactly? The places where cash are feasible to be used - in person transactions - aren’t the places where I would worry about government funding out what I’m doing. Yes I know about regressive states and tracking women who might be pregnant to “protect the unborn”.

Denial is a common coping mechanism about the ever growing corporate surveillance state and all the ways its power may (and thus eventually will) be wielded to further economically disenfranchise most people.

Re: Uncut Currency

#196

Post by trey-jones »

aftbit wrote: post #174
scarface_74 wrote: post #169

Earlier quoted context omitted.

> I use cash because it contributes to the local neighborhood economy more than not using cash. The merchant gets all except for a 2% fee when you don’t use cash. Cash handling also has cost - theft both from employees and outside actors - too. > I use cash because I do not want to risk a banking app being broken by a non-banking app. When has Apple Pay or Google pay ever been “broken”? Do you not use a bank at all o…

I use cash because it doesn't require batteries, and because my cell phone won't let me use Google Pay, as it's running a custom OS (before that, was rooted) so I'm obviously untrustworthy. I do use a credit card pretty often too, but I always have a little cash on me and I use it at least weekly.

To pile on the battery issue, we had some very severe storms in my area that took down power for days and internet for weeks. Credit card processing was not possible for gas stations during that time period, but the pumps worked when the power came back on. The only way you could fill up at those stations was with cash. It doesn't happen every day, but it does happen, and perhaps more importantly could be made to happen.

Not that cash is necessarily a lot better. I can't remember what sci-fi character made the observation that "all currency is mutual delusion", but I observe the truth of that. I've thought it was in Hyperion, but have not been able to find it.

Re: Uncut Currency

#197

Post by [deleted] »

bradley13 wrote: post #61
sschueller wrote: post #32

Why is the US one of the few countries that can't keep a consistent design across their bills and still does not have a way for blind people to identify which note they have. They are all the same size and have no embossed markings.

The US is so weird about its currency. The repeated attempts to get rid of the dollar bill (dollar coins, two-dollar bill, etc.) have all "failed". I put "failed" in quotes, because all it requires is for the government to do it. Take the one-dollar bills out of circulation, no discussion, done. At this point, take the two-dollar bills (no one will notice) and the penny as well.

[deleted]

Re: Uncut Currency

#198

Post by inetknght »

aftbit wrote: post #174
scarface_74 wrote: post #169

Earlier quoted context omitted.

> I use cash because it contributes to the local neighborhood economy more than not using cash. The merchant gets all except for a 2% fee when you don’t use cash. Cash handling also has cost - theft both from employees and outside actors - too. > I use cash because I do not want to risk a banking app being broken by a non-banking app. When has Apple Pay or Google pay ever been “broken”? Do you not use a bank at all o…

I use cash because it doesn't require batteries, and because my cell phone won't let me use Google Pay, as it's running a custom OS (before that, was rooted) so I'm obviously untrustworthy. I do use a credit card pretty often too, but I always have a little cash on me and I use it at least weekly.

> I use cash because it doesn't require batteries

> my cell phone ... running a custom OS

Both very good points. Thank you for speaking up :)

Re: Uncut Currency

#199

Post by egypturnash »

scarface_74 wrote: post #190
fragmede wrote: post #187

Earlier quoted context omitted.

it's way easier (for some people) to go to the ATM once a month and then have a physical pile of money you're using, ams physically see how much you're spending and adjust habits. A digital card that looks the same all month when you pull it out of your wallet has no such quality and is a basically scam on certain kinds of people to get them to spend more money.

When you use a debit card, the amount is immediately deducted from your checking account and you can check to see how much you have left by logging into your account.

Yes, but do you do this every time you take the card out?

Re: Uncut Currency

#200

Post by marxisttemp »

scarface_74 wrote: post #186
coldpie wrote: post #171

Earlier quoted context omitted.

> There are very few places in the US that up charge for credit card transactions I actually see it quite often here in the Twin Cities at small stores, bars, restaurants. A 1~3% discount for cash. > The merchant gets all except for a 2% fee when you don’t use cash. Cash handling also has cost - theft both from employees and outside actors - too. I've asked quite a few merchants that take both whether they have a pre…

> I actually see it quite often here in the Twin Cities at small stores, bars, restaurants. A 1~3% discount for cash. For reference, I have a card that gives me 3 points back for all restaurants and another card that gives me 2 points back for all other purchases. Doing the simplest thing possible and transferring those points to Delta for flights nets me 1.3% for each point meaning I will at least get 2.6% back on g…

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