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Personally I think we should just have 1 decimal digit, instead of two. Yes, that means new coins, but the coins the way they are are less and less useful ever
by ars 7y ago
Personally I think we should just have 1 decimal digit, instead of two.
Yes, that means new coins, but the coins the way they are are less and less useful every year. At some point we'll have to make a change.
- xvector 7y agoDimes exist? Still too granular IMO. If a penny is worth 1/31th of what it used to be, we should drop it and go to quarters.
- ars 7y agoAnd half dollars exist as well, so we might not actually need to issue anything new. Just slowly collect all the old coins, until only some collectors have it. The quarter idea isn't as good because you are still doing math to 2 digits (for example sales tax would have to be calculated, then some kind of rounding). Switching to a single digit is simpler.
- hunter2_ 7y agoThe number of digits used to write it out doesn't need to be thought of as an indicator of simplicity once you realize that you're rounding for a purpose unrelated to reducing the number of digits written after the decimal point (which is a typical reason to round, but is not the reason here). Just think of dividing a dollar 10 ways versus dividing it 4 ways.