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A fun thought experiment: how could you go from selling $10 bills for $5 to selling $10 bills for $15?
by neom 8y ago
A fun thought experiment: how could you go from selling $10 bills for $5 to selling $10 bills for $15?
- jfk13 8y agoMicro-engrave artwork onto the bills, and drum up publicity. https://www.changechecker.org/2016/12/07/look-out-for-these-5-notes-worth-20000-in-circulation/ https://www.changechecker.org/2016/12/07/look-out-for-these-...
- huffmsa 8y agoReplace all of the ports on the bill with a single USB-C port and call it revolutionary? Edit1: /s Slightly more seriously, you could promise to anyone who bought a $10 bill that in some x number of years they could redeem that bill for $20. This is called "being the Treasury and Federal Reserve". The hard part is finding a way to invest the $5 of profit they gave you in an asset which will appreciate faster than your promised return. Edit2: This is not advisable, see "Bernard Madoff, Ponzi Scheme".
- Razengan 8y agoThat gave me another idea which I haven't considered the implications of, but it sounds fun and video game'y: Electronic/Smart bills, that keep track of how many times they've been used to purchase stuff with. After a bill has been circulated N times, it increases in value by Y, and/or unlocks special artwork. Some bills may become highly sought-after collectibles worth far more than their face value. Would it help or harm the economy?
- huffmsa 8y agoWell that shifts the value away from the bill being a promissory note and back to being the actually valuable item. Kind of like a commodities backed currency, which most nation's try to avoid.
- Fjolsvith 8y agoThe amazing thing about currency being actual valuable things (like precious metals or gems) is that it cannot be devalued by "printing" more of it from non-valuable things. Nations try to avoid this because they can spend freely on a promissory note currency system. It is a recipe for disaster in the long term.
- 542458 8y agoThe difference being that the fed can actually reliably keep that promise, since they can issue new currency and borrow at extremely low rates... Edit: https://money.stackexchange.com/questions/5400/why-is-the-fractional-reserve-banking-not-a-ponzi-scheme https://money.stackexchange.com/questions/5400/why-is-the-fr...
- huffmsa 8y agoI'm being a bit hyperbolic, but only a bit.
- lewisflude 8y agoCommemorative $10 bills like https://www.royalmint.com/our-coins/ https://www.royalmint.com/our-coins/?
- saalweachter 8y agoYou sell $10 for $15 in 15 easy installments of $1 each.
- jfk13 8y agoYeah, the loan-shark model.
- timdiggerm 8y agoI believe the plan is to undercut everyone else until all other sellers of $10 go out of business, then bring the price up to $15 and use your position to prevent anyone else from selling $10 bills again.
- benj111 8y agoJust give everyone $15 worth of cryptocurrency!
- TorKlingberg 8y agoGet people so used to buying $10 bills from you that they stop paying attention to the numbers. Like how a lot of people buy from Amazon without even checking if it's cheaper elsewhere.
- ian0 8y agoEasy: - Step 1: Switch to selling $11 (2 x $5 bills + $1 coin) for exactly one $10 bill, cutting your net loss per trx by 80% and showing how serious you are about going profitable. But its just a ruse, what your really doing is capturing the market supply of 10$ bills. - Step 2: Once you have this, you can now start selling branded $1000 laptops for $10 (bills). Increasing the value of $10 bills and allowing you to offload your existing stock of $10 bills for $15 (or more). At this stage you now have (a) an incredibly profitable 10$ bill business, (b) a spectacular growth story in the consumer electronics space with (c) proven ability to reach profitability. Stockprice ++
- scarface74 8y agoIsn’t that what credit cards do but in the reverse for merchants who accept credit cards? $10 on a card is worth less than $10 in cash.