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There is a much simpler solution. Obviously people want their "0.01" coin, so we should instead envalue the currency. Cancel the dollar, make dollar2.0 which is
by Asooka 6y ago
There is a much simpler solution. Obviously people want their "0.01" coin, so we should instead envalue the currency. Cancel the dollar, make dollar2.0 which is exactly 10 times as valuable and done. You eliminate everything below 10cents effectively, the metal industry is happy to supply material for new coins, coin collectors are happy to get new coins, banks are delighted to make a bit of profit skimming a few dollars off people's accounts when converting their currency in their databases, everybody[1] wins!
[1] for some fraction of "everybody"
- saalweachter 6y agoIf you envalue by 100:1 you could probably start making silver dimes, quarters and dollars again.