DailyDirt: Big Money, Small Change

from the urls-we-dig-up dept

We've discussed the possibility of killing off the US penny before, as well as Canada's plans to actually put an end to its penny. Some folks really hate these small denomination coins, but really large denominations aren't too popular, either. Here are just a few links on some money that won't see circulation. If you'd like to read more awesome and interesting stuff, check out this unrelated (but not entirely random!) Techdirt post.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team

Filed Under: coins, currency, denominations, mint, pengo, penny, platinum


Reader Comments

Subscribe: RSS

View by: Thread


  • icon
    jameshogg (profile), 8 Jan 2013 @ 5:10pm

    reply to this | link to this | view in chronology ]

  • identicon
    Anonymous Coward, 8 Jan 2013 @ 5:26pm

    this is really just the slow death of cash

    after pennies and nickels, we'll just get rid of all cash and go completely digital, so the govt can track all transactions and illegal transactions will have to go with bitcoin or some other sketchy money system....

    reply to this | link to this | view in chronology ]

    • identicon
      Anonymous Coward, 8 Jan 2013 @ 5:43pm

      Re: this is really just the slow death of cash

      That would work out real well for those living on the street.

      reply to this | link to this | view in chronology ]

      • identicon
        Anonymous Coward, 8 Jan 2013 @ 11:33pm

        Re: Re: this is really just the slow death of cash

        TechCrunch: Bitcoin, Ven and the end of currency
        Not really, since virtual currencies are backed up by whatever the official local currency there is. That is the beauty of it, in theory a street beggar could beg online and receive money from anyone in the world.

        Also you have the Canadian MintChip which if hacked could produce infinity monies for anyone.

        And then you have the social currency called Ven which appeared to solve one problem, people around the world dealt with different currencies and rules and it was a problem for doing actual business so they invented a virtual currency that could be accepted anywhere and would have one value and the same rules for everyone. Bitcoin also serve that purpose.

        This is true globalization now, where people are starting to create their own infra-structure because they have needs, old banks(incumbents) could be left behind in the new economy, now that would be ironic.

        Governments could be left without much control over anything, this is exactly why Canada jumped into the bandwagon and launched their own, the US may be surprised to find out that the dollar could become just a local currency instead of a global one, that would be bad for political leverage to lose control over money.

        reply to this | link to this | view in chronology ]

        • identicon
          Anonymous Coward, 9 Jan 2013 @ 4:52am

          Re: Re: Re: this is really just the slow death of cash

          "in theory a street beggar could beg online and receive money from anyone in the world."

          You may have overlooked something here.

          reply to this | link to this | view in chronology ]

  • icon
    silverscarcat (profile), 8 Jan 2013 @ 6:09pm

    Wait!

    Can you still get your hands on that Hungarian note?

    I wanna get one and pretend I'm rich to everyone. XP

    reply to this | link to this | view in chronology ]

  • identicon
    Anonymous Coward, 8 Jan 2013 @ 6:12pm

    When the came for the pennies, I didn't speak up.

    You already know the rest. The Federal Reserve will be the death of the dollar.

    reply to this | link to this | view in chronology ]

  • icon
    Beta (profile), 8 Jan 2013 @ 7:30pm

    cosmological inflation

    "Hungary once produced currency with a denomination of 100 million billion Pengos. That's 100,000,000,000,000,000,000 Pengos."

    Umm... Did 100000% inflation occur between the times those two sentences were written?

    reply to this | link to this | view in chronology ]

  • identicon
    Michael, 9 Jan 2013 @ 5:09am

    $1 Trillion Coin

    They should make it exactly the same size as a subway token.

    reply to this | link to this | view in chronology ]


Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here



Subscribe to the Techdirt Daily newsletter




Comment Options:

  • Use markdown. Use plain text.
  • Remember name/email/url (set a cookie)

Close

Add A Reply

Have a Techdirt Account? Sign in now. Want one? Register here



Subscribe to the Techdirt Daily newsletter




Comment Options:

  • Use markdown. Use plain text.
  • Remember name/email/url (set a cookie)

Follow Techdirt
Insider Shop - Show Your Support!

Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Chat
Recent Stories
.

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.