Looking at the images and the price of eggs I can't help but think...
expensive toilet paper
Uncut Currency
331–340 of 421 posts
Re: Uncut Currency
#332I tip exclusively with $2 bills because bartenders/event staff/doormen/shuttle people then always remember me. I get them from the bank and they are invariably crisp and never been folded. They kind of stick together because of this, too.
Same! Nothing speaks louder than having a wallet that's barely able to fold because it's full of $2 bills, and being 'that person' who pays exclusively with them. It immediately gives you a unique flair.
Also, I've noticed that requesting $2 bills is an interesting test of your bank's ability to perform its job as a member bank of the Federal Reserve. I've had so many tellers tell me that $2 bills no longer exist, only to have their managers offer to call me when they arrive in about a week's time.
Re: Uncut Currency
#333Earlier quoted context omitted.
> credit card companies aggressively shut down manufactured spending when they notice it. I'm familiar with the concept of manufactured spend, and why credit card companies would try to clamp down on it. What I don't get is why the US Mint would care one way or the other for the concerns of credit card companies. The usual way to eliminate manufactured spend would be to add a credit card specific transaction fee that…
> The usual way to eliminate manufactured spend would be to add a credit card specific transaction fee that cancels out the spend points. Before 2013, this likely would have violated their credit card processing agreement. And also, it would be illegal in some states.
That seems ... odd. I can pay my apartment rent with a debit card with a fixed transaction fee (eg, $999.99 and up to $1,999.99 the service fee is $4.95), while covering it with a credit card has a different fee structure of a flat 2.95%. This is with Rent Cafe in NYC, and from what I can tell, it's a very widespread platform across the country. The 2.95% fee specific to credit cards will wipe out the points earned for a credit card under almost all circumstances.
Re: Uncut Currency
#334Earlier quoted context omitted.
> When has Apple Pay or Google pay ever been “broken”? Dunno, don't care. I'm not going to mix my banking stuff with my non-banking stuff. Not being "broken" publicly doesn't mean it's bug-free. You and I both know that Apple Pay and Google Pay are both written with software and enabled via hardware. That doesn't mean it's bug-free. That doesn't mean it can't be broken. Why risk it? It's not worth losing your livelih…
> Dunno, don't care. I'm not going to mix my banking stuff with my non-banking stuff. If you are really concerned with security, you should also be concerned with the security of your bank. Do you keep all of your money under your mattress? > Why risk it? It's not worth losing your livelihood over a very slight convenience. You realize that no one has ever lost money in an FDIC insured bank account because of either…
> If you are really concerned with security, you should also be concerned with the security of your bank.
Yes, of course. There are reasons I don't bank with every bank under the sun.
> Do you keep all of your money under your mattress?
No. Do you?
I'm starting to think you're not having this conversation in good faith.
> You realize that no one has ever lost money in an FDIC insured bank account because of either fraud or a bug in client software.
You can claim that all you want.
Meanwhile time is money and dealing with banking issues takes time out of my day. Meanwhile FDIC is insured via taxpayer money and so my taxes absolutely cover the fraud perpetuated by whoever.
Nice trolling in the thread.
> So do you...
I fly because flying is regulated.
I drive because driving is regulated.
I take medicines that are regulated.
I don't go to hospitals in the U.S. Fuck that noise.
I'm done talking to a troll.
Re: Uncut Currency
#335Earlier quoted context omitted.
> You say they’re worth less They said they're (mostly) not worth more than $2. They aren't worth less than $2 either. They are worth $2.
$2 bills are somewhat rare and are considered lucky. We could use math to prove that on average $2 dollar bill is worth more than $2. 1 - There exist collectable $2 dollar bills which are worth significantly more than $2. 2 - there are no $2 dollar bills which are worth less than $2 due to being legal tender. From 1 and 2 - average value of all $2 bills is above $2.
Counterpoint: there are places in the world where people will not accept a $2 bill due to unfamiliarity - it may as well be a $7 bill. Therefore, there exists a $2 that's worth nothing as legal tender.
Re: Uncut Currency
#336Earlier quoted context omitted.
> The usual way to eliminate manufactured spend would be to add a credit card specific transaction fee that cancels out the spend points. Before 2013, this likely would have violated their credit card processing agreement. And also, it would be illegal in some states.
That seems ... odd. I can pay my apartment rent with a debit card with a fixed transaction fee (eg, $999.99 and up to $1,999.99 the service fee is $4.95), while covering it with a credit card has a different fee structure of a flat 2.95%. This is with Rent Cafe in NYC, and from what I can tell, it's a very widespread platform across the country. The 2.95% fee specific to credit cards will wipe out the points earned f…
Platforms like RentCafe are highly configurable to support local laws, because the nature of landlord/tenant law is that it is highly variable by state.
Going though that same effort is a waste of time and implementation budget for something like selling novelty bills.
Re: Uncut Currency
#337Earlier quoted context omitted.
kinda off topic but since you're an expert here: what do people do with these uncut sheets? Is it mainly for collectors? also, my favorite form of getting currency is $2 bills in a 100 stack (so $200) from the bank. I used to use these for gift money on holidays :) but unfortunately my credit union doesn't order new stacks anymore, just jumbled up old $2 bills now.
Steve Wozniak famously would get a bunch of $2 uncut sheets, and have them perforated and bound into a tear-off book. Then, he would dramatically produce the book and tear out a sheet of them to pay for things, as a sort of gag. I think it got him investigated by the Secret Service at one point.
> I think it got him investigated by the Secret Service at one point.
Is it illegal?
Re: Uncut Currency
#338Earlier quoted context omitted.
> Those credit card perks are directly subsidized by the handling fees they charge your local businesses The “local business” more than makes up for credit card fees via increased spending. They know their margins and the minimum amount needed to make a credit card transaction worthwhile. That’s why many have minimum transaction amount to use a credit card.
> The “local business” more than makes up for credit card fees via increased spending. Sure thing bud. Keep cherry-picking the business side of things.
This is literally the topic I was responding to “the business side of things”
> Those credit card perks are directly subsidized by the handling fees they charge your local businesses
Re: Uncut Currency
#339Are you allowed to use bills for purchase that you cut yourself (like, from one of these sheets)?
Re: Uncut Currency
#340Earlier quoted context omitted.
> Dunno, don't care. I'm not going to mix my banking stuff with my non-banking stuff. If you are really concerned with security, you should also be concerned with the security of your bank. Do you keep all of your money under your mattress? > Why risk it? It's not worth losing your livelihood over a very slight convenience. You realize that no one has ever lost money in an FDIC insured bank account because of either…
> If you are really concerned with security, you should also be concerned with the security of your bank. Yes, of course. There are reasons I don't bank with every bank under the sun. > Do you keep all of your money under your mattress? No. Do you? I'm starting to think you're not having this conversation in good faith. > You realize that no one has ever lost money in an FDIC insured bank account because of either fr…
> Yes, of course. There are reasons I don't bank with every bank under the sun.
But you have an issue with the security of Apple and Google but you don’t have an issue with the security of your bank?
You haven’t seen the quality of software developers at the typical bank have you?
> I'm starting to think you're not having this conversation in good faith.
Your threat model is not backed up by any evidence
> You can claim that all you want.
Is my claim false?
> Meanwhile time is money and dealing with banking issues takes time out of my day.
And which banking issues have you had to deal with because the supposed insecurity of Apple and Android with respect to the banking apps?
> Meanwhile FDIC is insured via taxpayer money and so my taxes absolutely cover the fraud perpetuated by whoever.
Your funds aren’t insured by taxpayer money. Banks pay into the system based on the deposits they have.
And if you trust the fraud protection of your bank? Why are you worried about supposedly insecure phones that would cause fraud even though that hasn’t happen since the modern phone?
> I fly because flying is regulated. >I drive because driving is regulated. > I take medicines that are regulated.
And banks aren’t regulated? What is the threat model you are guarding against?
> I don't go to hospitals in the U.S. Fuck that noise.
You mentioned the FDIC which only governs the US. If you are in a car accident or have an illness, you are going to get treated outside of the US?