Earlier quoted context omitted.
IA - Independent Agency
Thank you. While abbreviations are handy for those in the know, it's so helpful for general readers if one takes a moment to spell things out.
Respectfully, there's a Wikipedia link.
The Fed says this is a cube of $1M. They're off by half a million
301–310 of 578 posts
Re: The Fed says this is a cube of $1M. They're off by half a million
#302From a 2014 reddit post[0]: > This is actually not a million dollars in singles. It is over $1,000,000. The box was created with the wrong dimensions by the contractor, but they still decided to fill it, display it, and claim it is $1,000,000. > > Source: Tour Guide at the Chicago Fed [0] https://old.reddit.com/r/pics/comments/2f9sp7/one_million_do...
So who am I supposed to believe the personal blog or the reddit post?
Re: The Fed says this is a cube of $1M. They're off by half a million
#303From a 2014 reddit post[0]: > This is actually not a million dollars in singles. It is over $1,000,000. The box was created with the wrong dimensions by the contractor, but they still decided to fill it, display it, and claim it is $1,000,000. > > Source: Tour Guide at the Chicago Fed [0] https://old.reddit.com/r/pics/comments/2f9sp7/one_million_do...
Man how expensive was that contractor when your art installation requires $1M in cash and all the labor to assemble it, but you can't just tell the contractor to do a new box?
They can just print more money.
Re: The Fed says this is a cube of $1M. They're off by half a million
#304Earlier quoted context omitted.
I get that they're selling to industry, not consumers. They also seem to be offering some pretty strong guarantees regarding accuracy. Nevertheless that pricing is bananas. An uncountable number of bananas.
"If you are not getting 100% accuracy, contact us." Ok, that's pretty a pretty good marketing line, I have to admit.
That's like some P.T. Barnum stuff, because how the heck would you know the count is off? That would imply you already have a way of counting.
"If your parachute fails, your next jump is free!"
Re: The Fed says this is a cube of $1M. They're off by half a million
#305Re: The Fed says this is a cube of $1M. They're off by half a million
#306Earlier quoted context omitted.
"If you are not getting 100% accuracy, contact us." Ok, that's pretty a pretty good marketing line, I have to admit.
That's like some P.T. Barnum stuff, because how the heck would you know the count is off? That would imply you already have a way of counting. "If your parachute fails, your next jump is free!"
You'd have a person check some of the counts from time to time, I imagine.
Re: The Fed says this is a cube of $1M. They're off by half a million
#307Earlier quoted context omitted.
Mine either. An LLM found it for me. And I'm glad you didn't find it because that lead to a great post.
The latest use for AI in 2025: replacing obsolete and non-functional search engines like Google
Can we confidently say that top engineers have lost the battle with SEO spam ?
Or they just gave up ?
Or something else ?
Re: The Fed says this is a cube of $1M. They're off by half a million
#308From a 2014 reddit post[0]: > This is actually not a million dollars in singles. It is over $1,000,000. The box was created with the wrong dimensions by the contractor, but they still decided to fill it, display it, and claim it is $1,000,000. > > Source: Tour Guide at the Chicago Fed [0] https://old.reddit.com/r/pics/comments/2f9sp7/one_million_do...
Man how expensive was that contractor when your art installation requires $1M in cash and all the labor to assemble it, but you can't just tell the contractor to do a new box?
The cash probably didn't cost the government anything. They can just use bills that are slated for replacement/removal from circulation.
Re: The Fed says this is a cube of $1M. They're off by half a million
#309Kind of off-topic, but I've always wondered. When you use a card to get cash in $20 bills from an ATM, does it record the serial# of every bill it pumps out to you?
Such scanners exist but most ATMs do not have them. Of course if you fill the ATM with a stack of fresh bills you know the serial numbers for, and you know how many bills were dispensed prior to a particular transaction, you should know which bills got dispensed during that transaction.
Of course the tracking of this information down to that level would be pretty pointless. The moment someone breaks a 20 the connection to the recorded transaction is lost, and there's no one who can prove you didn't break a 20.
Re: The Fed says this is a cube of $1M. They're off by half a million
#310> For all we know, the middle is just air and crumpled-up old newspaper. I think this is the answer. I suspect the exhibit designers had a cool idea for a display, did a rough estimate of the area needed and then commissioned the exhibit builders to make the big metal-framed cube. Either they made an error in their calculation or the innate variability in the size of stacks of used bills threw it off. It's also possi…
It's probably hollow to make the display easier and more reliable.
It is hollow. But it wasn't originally. cough