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The main problem I have with cash is that we don't have denominations large enough to buy much these days thanks to inflation. The $100 is the new $20, but ATM

by lisbbb 1y ago

The main problem I have with cash is that we don't have denominations large enough to buy much these days thanks to inflation. The $100 is the new $20, but ATMs won't serve $100s. I buy gas for my car, it's at least $35 right there. Groceries run $80-$120 every trip now. I don't know if revaluation is possible, but we need it. I'm not worried about dirty cash as compared to every purchase being tracked and all the fees for using services like Venmo or whatever exchange service du jour, and they all apply their petty moralizing. It's not the way forward if you value freedom and privacy.

dlcarrier 1y ago
My banks ATM defaults to $100 bills, and it takes a bunch of taps to get only $20 bills.
- ProllyInfamous 1y ago
  My local credit union has switched entirely to machined staff, even inside locations (with attendant staff for transaction impossible via ATM). For some silly reason, the machine stocks only these bills: $5$ $20$ $100$ Why waste an entire cash dispenser on fives when it could instead be handing out fifties (or at least tens)... especially at an ATM!? I think it's time for a $1000 bill, again. Let's get rid of bills less than $10$ (coins instead); also, get rid of pennies [in progress] and nickels. Leaving only: dimes*, quarters, halves, dollar [coin], $2 & $5 [coins], $10$ $20$ $50$ $100$ $1000$ [bills] *I'd suggest nix'ing this one, too, if it were physically larger [but isn't] I only stock my wallet with $100$ $50$ $10$ $2$ [bills], and immediately get rid of ones ($1$) when possible. I do not have any credit cards.
  - s5300 1y ago
    >> Why waste an entire cash dispenser on fives when it could instead be handing out fifties (or at least tens)... especially at an ATM!? Hacker News user unaware Poor People^tm exist
    - ProllyInfamous 1y ago
      Poor People™ do exist, yes. But does anybody actually run to the ATM for just five dollars (as opposed to say ten)?!? Just for reference, I am a blue-collar electrician that lives in a less-affluent rural state. I became worth zero dollars 9 years ago, which was a pleasant day I'd labored years towards.
  - TheBicPen 1y ago
    The problem with leaving both dimes and quarters is that you'd need dimes for any price that's a multiple of 10c but not 50c. Getting rid of dimes would make it so that every price payable with cash is payable entirely in quarters.
    - ProllyInfamous 1y ago
      What do you think about Dcarrier's idea [above comment response] about nixxing the ten-cent-piece, and then reducing the size of a nickel to the current-dime-size? I liked it.
  - RulerOf 1y ago
    > I think it's time for a $1000 bill, again. I agree, but I'd actually like to see 200 and 500 dollar denominations as well. Would keep the same number of distinct bills that way if the three smallest ones were phased out.
    - ProllyInfamous 1y ago
      Another great idea; our denominations are beginning to mimic ¥en of the mid 2000s [not a good sign].
  - dlcarrier 1y ago
    My plan for coins would be to eliminate dimes, but make nickels the size of a dime, still out of the nickle/copper alloy, so they are cheap to make and dime coin mechanisms could be easily modified to accept them, but wouldn't unless modified.
    - ProllyInfamous 1y ago
      Yours is admittedly a better idea / more divisible currency combinations.
kevin_thibedeau 1y ago
The problem is you get treated like a criminal when trying to spend $50 and $100 bills despite their significant devaluation in recent decades.
latchkey 1y ago
> The $100 is the new $20. Amazing how we skipped right over the $50 bill.
JohnFen 1y ago
> ATMs won't serve $100s In my area, anyway, there are a bunch that do. Not only will they give you $100 bills (by default if you're withdrawing at least that much), but you can also just tell the machine how many of what denomination bills you want the cash in (excluding $1 and $5 bills) and it'll do it.

by lisbbb 1y ago

dlcarrier 1y ago

My banks ATM defaults to $100 bills, and it takes a bunch of taps to get only $20 bills.

ProllyInfamous 1y ago
My local credit union has switched entirely to machined staff, even inside locations (with attendant staff for transaction impossible via ATM). For some silly reason, the machine stocks only these bills: $5$ $20$ $100$ Why waste an entire cash dispenser on fives when it could instead be handing out fifties (or at least tens)... especially at an ATM!? I think it's time for a $1000 bill, again. Let's get rid of bills less than $10$ (coins instead); also, get rid of pennies [in progress] and nickels. Leaving only: dimes*, quarters, halves, dollar [coin], $2 & $5 [coins], $10$ $20$ $50$ $100$ $1000$ [bills] *I'd suggest nix'ing this one, too, if it were physically larger [but isn't] I only stock my wallet with $100$ $50$ $10$ $2$ [bills], and immediately get rid of ones ($1$) when possible. I do not have any credit cards.
- s5300 1y ago
  >> Why waste an entire cash dispenser on fives when it could instead be handing out fifties (or at least tens)... especially at an ATM!? Hacker News user unaware Poor People^tm exist
  - ProllyInfamous 1y ago
    Poor People™ do exist, yes. But does anybody actually run to the ATM for just five dollars (as opposed to say ten)?!? Just for reference, I am a blue-collar electrician that lives in a less-affluent rural state. I became worth zero dollars 9 years ago, which was a pleasant day I'd labored years towards.
- TheBicPen 1y ago
  The problem with leaving both dimes and quarters is that you'd need dimes for any price that's a multiple of 10c but not 50c. Getting rid of dimes would make it so that every price payable with cash is payable entirely in quarters.
  - ProllyInfamous 1y ago
    What do you think about Dcarrier's idea [above comment response] about nixxing the ten-cent-piece, and then reducing the size of a nickel to the current-dime-size? I liked it.
- RulerOf 1y ago
  > I think it's time for a $1000 bill, again. I agree, but I'd actually like to see 200 and 500 dollar denominations as well. Would keep the same number of distinct bills that way if the three smallest ones were phased out.
  - ProllyInfamous 1y ago
    Another great idea; our denominations are beginning to mimic ¥en of the mid 2000s [not a good sign].
- dlcarrier 1y ago
  My plan for coins would be to eliminate dimes, but make nickels the size of a dime, still out of the nickle/copper alloy, so they are cheap to make and dime coin mechanisms could be easily modified to accept them, but wouldn't unless modified.
  - ProllyInfamous 1y ago
    Yours is admittedly a better idea / more divisible currency combinations.

kevin_thibedeau 1y ago

The problem is you get treated like a criminal when trying to spend $50 and $100 bills despite their significant devaluation in recent decades.

latchkey 1y ago

> The $100 is the new $20. Amazing how we skipped right over the $50 bill.

JohnFen 1y ago

> ATMs won't serve $100s In my area, anyway, there are a bunch that do. Not only will they give you $100 bills (by default if you're withdrawing at least that much), but you can also just tell the machine how many of what denomination bills you want the cash in (excluding $1 and $5 bills) and it'll do it.