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Joined 1 year ago
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Cake day: October 19th, 2023

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  • It’s extremely frustrating to see this guy dropping one truth bomb after another just to have nobody listen to him. I wish Sanders was younger.

    Edit: It’s really sad, now that I think of it. Here is a man who has devoted his entire life to the betterment of his country. And here he still is, in his eighties, continuing to fight to prevent the rights and liberties that he in his twenties fought to create from being undone. If there was any justice in this world, he should have just now wrapped up his term as President of the United States and be enjoying the few years he has left on this earth in peace after having passed the torch to the next generation of Democratic leaders. Bernie Sanders, a true patriot and devoted warrior for the working class to the very end.




  • During the era of payphones, a quarter was still significant money so it was still worth the time to adjust the machinery. Nowadays, there are typically only four machines that people regularly interact with that accept quarters:

    • Laundry machines, which increasingly don’t take coins at all and instead have card readers on them
    • Parking meters, which also increasingly get replaced with signs telling you to pay online using a website or app
    • Vending machines, which also usually have card readers.
    • Self-checkout machines at grocery stores.

    These machines take coins, but generally deal in such small-dollar amount terms that replacing the coinage mechanisms just isn’t worth it in 2025. That’s the biggest issue with coinage reform plans. Hell, not even when the UK decimalised their currency did they change the size and weight of the coins, for exactly this reason. An old shilling was the same size, weight, and value as a new 5p coin and no changes had to be made to the machines.

    Now, the problem is that while coin usage (and cash usage in general) is on the decline, these systems must still function for the percentage of people who want to use cash. And you definitely have a moral right to use cash and be able to conduct your daily life in cash if you want, either for privacy reasons, or because for small transactions it’s just simpler.


  • I have no idea how this screenshot illustrates your point but there is an “alt-left”… sort of. This term is not really used though. The term “alt-right” was used to describe far-right elements of the American population whose ideology was regarded to be extreme enough that mainstream centre-right politicians wanted nothing to do with them. “Alt-right” is (was) essentially a polite euphemism for right-wing extremism.

    If you want, you could consider the left-wing version of this to be the socialist and communist groups, but they are politically irrelevant in the US, not only because the centre-left absolutely refuses to even acknowledge their existence but because the “alt-left” also hates the centre-left and isn’t willing to co-operate with them to get into power. The “alt-right” holds political sway only because the centre-right realised they were useful in riling up the right-wing voter base and they could be used to get into power. Unfortunately, this really just meant that the centre-right has disappeared in America and been replaced with only alt-right or alt-right-sympathetic politicians. The “alt-left” of America is completely unrepresented in any institution of government. Again, I want to make clear that “alt-left” is not a term that is in widespread use but if you generalise the prefix “alt-”, it’s what it would mean.





  • These things don’t need to make sense. They very much don’t make sense. They are still real phenomena that need to be dealt with. You’re expressing a sentiment that I find is very common on Lemmy—that if it doesn’t make sense then it can be ignored.

    If public sentiment is against a change that is perceived to be arbitrary and without benefit then you will encounter very real public opposition. There will be political repercussions to making this change. You will be slandered by pundits in the news and you personally will gain a reputation as a hard-ass who makes things hard for no reason (regardless of whether that’s true or justified), which causes problems for your future job security as now politicians think they can score easy political points by firing you. It wouldn’t be a consideration on Planet Vulkan, but on Earth, this effect is real and must be considered, whether you think it’s logical or not.

    Coins don’t circulate in foreign exchange markets. They haven’t circulated for over a century. There are, however, reasons for this. You’ve already correctly pointed out that one of them is because coins are heavier. The second reason is because ATMs don’t dispense coins but they do dispense notes. When people go to the bank and withdraw money, they don’t receive coins unless specially requested. And despite the need for small change in these foreign countries, the logistical challenges of providing coins to them over notes are still too high for coins to find their way into circulation. Coins enter circulation in the US when businesses order them from the bank, which in turn orders them from the Federal Reserve, which receives them from the Mint. Banks abroad don’t bother with coins because they’re far more difficult to transport and distribute than notes, making it an unprofitable service to offer account holders, and they can’t just order them from the Federal Reserve—they need to go through a third party which increases costs. In addition to that, USD banknote-counting machines are prevalent worldwide. It’s rare to encounter a USD coin-counting machine abroad. The logistical network to distribute USD cash globally is built for notes, not coins, and that’s why trying to introduce coins in a foreign market is like trying to jam a square peg into a round hole. You’re going to find that every single step is going to be ever so slightly more frustrating than distributing notes, which all adds up to the point of impracticality.


  • “Because that’s the way it is” is very often a good reason not to do something new. That’s because of the human aspect of introducing these reforms. There’d better be a very good reason to change or you will encounter a lot of public opposition just because people don’t like change.

    There is no reason that coins don’t can’t circulate in foreign markets but the fact remains that they don’t (Edit: for lack of infrastructure to support the logistical challenges of distributing coins). You cannot explain that away. It is simply not possible to adapt in the situations I describe. Saying that “they’ll adapt” is a very hand-wavey excuse that doesn’t address the issues with retiring this denomination. Without a $1 note, people in the countries that need it will just not use the US dollar and will choose a currency that has the denominations they need. In Zimbabwe’s case, people would be forced off the US dollar and onto a currency that is willing to provide them with the small change that they need. In that case, probably the South African rand.



  • The quarter is the biggest problem with this plan. There’s just too much stuff that runs on quarters and quarters themselves as a currency denomination have too much cultural staying power.

    Unfortunately, there being a 25¢ coin rather than the more globally-common 0.20 piece means that it isn’t practical to retire the nickel because it will still be possible to get non-multiples of 10¢.

    $1 notes are important, not because of any reason in the US (dollar coins would work equally well in almost any application), but because the US dollar circulates widely in foreign countries that are suffering hyperinflation of their local currencies and have thus informally dollarised. There, US coinage is basically non-existent meaning the lowest denomination that can be transacted in USD cash is $1. See the situation in Zimbabwe where American banknotes circulate until they literally fall apart or the ink has all faded away off.

    So the existence of a $1 note is paramount to keeping the economies of these countries going. It would be impossible to conduct business if the smallest denomination is $5 and your $4 an hour salary is paid in cash.

    Remember, as unfortunate as it is, much of the US’s monetary policy is driven by the fact that the US dollar isn’t just America’s currency. It’s the entire world’s currency.