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That should balance the budget.

Nostr News Network

BREAKING: The US will stop putting new pennies into circulation by early next year. Businesses will need to start rounding up or down to the nearest 5 cents, the US Treasury said in a statement. A penny currently costs 4 cents to make. Cutting production is set to save $56M/year.

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npub1qyxl...mu7u 8 months ago

Roughly 16¢ per person per year saved. Sorry 15¢ since we need to round to the nearest nickel now. Truly all Americas problems are solved.

Nostr News Network

BREAKING: The US will stop putting new pennies into circulation by early next year. Businesses will need to start rounding up or down to the nearest 5 cents, the US Treasury said in a statement. A penny currently costs 4 cents to make. Cutting production is set to save $56M/year.

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1 replies ↓

Wright Wright@primal.net 8 months ago

Or we could just use bitcoin / sats …bitcoin fixes this as usual

Kayne kayne@nostrcheck.me 8 months ago

Australia did this before I was born. I've never seen a one of two cent piece younger than myself. Oh yeah by the way USA does not use pennies y'all use cents, the metric unit of currency, 1 100th of a $

Abstract Equilibrium abstractequilibrium@mjex.me 8 months ago

So bitcoiners are trying to move a decimal, and it's a whole big thing because we all want to get it right... In fiat-land though, we can skip right ahead to "Everyone surely already knows how to round numbers up & down in increments of 5! LFG!!"

Nostr News Network

BREAKING: The US will stop putting new pennies into circulation by early next year. Businesses will need to start rounding up or down to the nearest 5 cents, the US Treasury said in a statement. A penny currently costs 4 cents to make. Cutting production is set to save $56M/year.

View quoted note →

Replies (5)