81–90 of 151 posts
When the European Central Bank announced a new design for the euro bills nobody in my country really cared anymore because most payments are electronic. The danger to that ofcourse is that you risk overspending but retailers approve.
This rounds physical currency to the nearest $0.05, effectively. Why not round everything to the nearest $0.1? The math and adjustments (changes to every printed price, etc.) would be simpler. How much for the wine? "$19.9". It seems much simpler to me, though I'm sure it's been discussed ... Is there some item that would be problematic to round to $0.1? I suppose anything that is fractionally priced at ≤$0.05 is now…
So why? Maybe the vendors reckon it will work out in their favor this way.
Earlier quoted context omitted.
Without planning and the resultant guidance, we stand to be inconvenienced every time one of the customers in front of us and the cashier have differences in their ideas for how rounding works. (But that's OK, I guess: After all, that's just an aggregate of many millions of little inconveniences, instead of some somewhat larger inconveniences for a few people in advance. Their time is clearly more important than your…
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But there is no guidance provided. Accordingly, we get discussions.
I would like to present this indeterminable discussion (from several days ago) as evidence of the kinds of differing opinions that a lack of planning and guidance brings forth: https://news.ycombinator.com/item?id=45901904
This is the kind of discussion that the dust should have settled on years ago.
Interesting how cash money still elicits such emotions. When the European Central Bank announced a new design for the euro bills nobody in my country really cared anymore because most payments are electronic. The danger to that ofcourse is that you risk overspending but retailers approve.
Earlier quoted context omitted.
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If dealing with the absence of the penny were straight-forward, then there would be no real discussion about it today. We'd already be moving along [mostly!] according to the new, published normal and things would be a snoozefest. But there is no guidance provided. Accordingly, we get discussions. I would like to present this indeterminable discussion (from several days ago) as evidence of the kinds of differing opin…
I don't get it, what guidance do you really require? Do you think there will be some major cartel by the retailers to rip the costumers off, at maximum, 0.04 cents of a dollar per every purchase in the absolute worst case scenarios?
Will we have major lawsuits about it? "Latest news: Costumer sues Walmart for 1 billion USD for rounding a 157.01$ bill to 157.05$"
Interesting how cash money still elicits such emotions. When the European Central Bank announced a new design for the euro bills nobody in my country really cared anymore because most payments are electronic. The danger to that ofcourse is that you risk overspending but retailers approve.
The actual danger is that you’re creating a system where the government will have the power to tell you what you can spend your money on.
If the cooper is worth more than the coin, would melting them down be profitable? In Australia we got rid of our 1c and 2c coins more than 20 years ago.
100 fuses for $1, awesome! ;-)
> Many Americans—and many people who, though not American, enjoy watching from a safe distance as predictable fiascoes unfold in this theoretical superpower from week to week—find themselves now pondering one question. This is way too much spite for an article about coins. Lord.
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