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.

Filed Under: , , , , , ,

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “DailyDirt: Big Money, Small Change”

Subscribe: RSS Leave a comment
Anonymous Coward says:

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.

Add Your Comment

Your email address will not be published. Required fields are marked *

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

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...