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A comment on Two thought experiments to evaluate automated stablecoins. Parent comment

Re:Two thought experiments to evaluate automated stablecoins by ackbar03 on Friday May 27, 2022 @01:07AM (#31526180)
I think Ambani (the Indian billionaire) actually made some of his money in early fays melting down coins, and did it at such a scale government officials had to investigate what was going on
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Re:Two thought experiments to evaluate automated stablecoins by Koffiepoeder on Friday May 27, 2022 @07:58AM (#31528497)
Interesting side story: for centuries coins were intentionally made to have a ribbed side surface because otherwise people would sand/cut off the sides and sell the obtained metal.

Nowadays coins are usually not made of pure and/or very valuable metals, but the notches have stayed to help impaired people and automatic identification of coins.

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Re:Two thought experiments to evaluate automated stablecoins by throwawaycities on Friday May 27, 2022 @01:36AM (#31526329)
In the US it’s not illegal to melt pennys, but it’s illegal to melt pennys to profit on the raw materials.
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