That's an awful idea. Especially the "down/up" part.
Well it's actually 5 cents and it works absolutely fine.
Re:Paper Money Diehards Refuse to Fold
by red-iron-pine on Monday May 29, 2023 @04:21PM
(#36117655)
They ditched pennies in Canada and round the cent. Works fine.
This already happens with cents. Your tax frequently comes out to a fraction of a cent, and it gets rounded to the nearest cent.
The US used to have a half-penny coin. It stopped being minted in 1857.
The purchasing power of the half-penny at the time was about as much as a quarter has today.
It wouldn't be crazy to get rid of all coins worth less than 25¢ and round all purchases to the nearest quarter.
Obligatory CGP Grey: https://youtu.be/y5UT04p5f7U
Re:Paper Money Diehards Refuse to Fold
by scarface_74 on Monday May 29, 2023 @03:43PM
(#36117281)
That doesn’t stop theft by employees or robberies.
Re:Paper Money Diehards Refuse to Fold
by raverbashing on Tuesday May 30, 2023 @02:39AM
(#36121809)
You don't have to tell me that ;) https://news.ycombinator.com/item?id=9563474
Anything under 10 cents gets rounded down/up accordingly
It doesn't matter. Minting and transporting it, even in your pocket costs more than you'll ever get in dealing a more "precise" denomination