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Economically, maintaining pennies in circulation makes no sense - what can you even buy for $0.01 nowadays? Cannuckistan did away with theirs years ago too. But fundamentally I take issue with it. If you go back 170 or 200 years, a penny was a more sizeable coin - larger than today's quarter even. Imagine the purchasing power of a penny then - a far cry from the worth of the modern copper foil covered zinc slugs that get handed off as change today.

Overinflated fiat currency begats worthless everything.

Archive (archive.ph)

Economically, maintaining pennies in circulation makes no sense - what can you even buy for $0.01 nowadays? Cannuckistan did away with theirs years ago too. But fundamentally I take issue with it. If you go back 170 or 200 years, a penny was a more sizeable coin - larger than today's quarter even. Imagine the purchasing power of a penny then - a far cry from the worth of the modern copper foil covered zinc slugs that get handed off as change today. Overinflated fiat currency begats worthless everything. [Archive](https://archive.ph/Kan1A)
[–] 1 pt

We already have a digital currency, you just have not noticed yet and it's harder for them to "take it" from you since you can get physical notes for it still.

We've had digital currency since computers entered the banking industry. Computers combined with fractional reserve banking made most money (((virtual))) in the banking sphere. It took debit cards to come around to introduce this to the common people. Now we're nearly entirely digital in our money transactions, but physical cash is still available to facilitate private transactions. We will lose that soon enough though. This is part of why I have never once trusted (((crypto))).