| ▲ | quantified 12 hours ago |
| When the US attempted to transition to the metric system, gas stations raised their prices per unit volume and the American consumer was convinced that the metric system was bad. I have family that think metric is bad because some fringe people thought there should be 10 hours in a day and 100 minutes in an hour, also something like 10 months a year, and the whole thing is bad because some awkward ideas were floated. Here, it's a question of resolution, with a proven history that transitions screw the consumer, though maybe it won't be so. We're ok with arbitrary hundredths of a dollar, why were we not at thousandths? The American half cent disappeared a long time ago. You still need to include the cents in a tax bill that runs into the millions of dollars. It's just an awkward stage in inflation. Eventually a US dollar will be worth what a Zimbabwean dollar was, and we won't have $100 bills anymore. |
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| ▲ | ekelsen 12 hours ago | parent | next [-] |
| During the French Revolution, they tried to make a right angle have 100 degrees and even recomputed all new trig tables for this new standard. It obviously did not catch on :) https://en.wikipedia.org/wiki/Gradian |
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| ▲ | onraglanroad 10 hours ago | parent | next [-] | | There's no reason you can't have 400 degrees in a circle and therefore 100 for a right angle. It's a degree scale: you can choose any number you want. | | |
| ▲ | DrewADesign 8 hours ago | parent | next [-] | | Indeed, gradiens are a scale where a circle is divided into 400 equal parts. Really fucked me up a few times when I got a new calculator and wasn’t paying attention to what the little “grad” meant. | |
| ▲ | taftster 8 hours ago | parent | prev | next [-] | | But I can't subdivide 400 in to as many ways as 360. Think about the pie industry. They could be put out of business!! | | |
| ▲ | hathawsh 7 hours ago | parent [-] | | I usually want to cut pies into 14 pieces. Some might want 11 or 13. (17 is just too many.) I demand that we implement a system where a circle is 2 * 3 * 4 * 5 * 7 * 3 * 11 * 13 = 360360 degrees, so that we can cut pies evenly at anywhere from 2 to 15 slices. If my baker cuts a slice at 25739 degrees, I want a refund! (I'll keep the pie, because the pie is obviously useless.) (720720 might be OK too so we can cut 16 pieces, but honestly, if you're cutting 16 pieces, you're not going to measure. You're just going to divide pieces in half until you have 16. 360360 is the future.) |
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| ▲ | ekelsen 9 hours ago | parent | prev [-] | | Of course that's true, that doesn't mean you should. |
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| ▲ | rurp 10 hours ago | parent | prev | next [-] | | The Indiana pi bill mandated certain mathematical values be changed to the wrong value. https://en.wikipedia.org/wiki/Indiana_pi_bill | | | |
| ▲ | potato3732842 9 hours ago | parent | prev | next [-] | | Whenever I'm late to a meeting I blame it on the french revolutionary calendar. | | | |
| ▲ | lexszero_ 8 hours ago | parent | prev [-] | | Some pocket calculators from not too long ago supported this unit for some reason, along with radians and degrees. That's the third option on "DRG" button. |
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| ▲ | rootusrootus 11 hours ago | parent | prev | next [-] |
| > You still need to include the cents in a tax bill that runs into the millions of dollars Not in all cases. The IRS does not use cents when you file your tax return, they say round to the nearest dollar. |
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| ▲ | dpark 10 hours ago | parent [-] | | It used to be that they gave you the choice. You could round or you could use pennies but you had to be consistent throughout the return, because even the IRS doesn’t care if you manage to scrape out 49 cents. Has that changed and it has to be dollars now? | | |
| ▲ | rootusrootus 3 hours ago | parent | next [-] | | It is still a choice, though I cannot remember the last time we used cents on ours or any other returns (my wife works for an accounting firm so they handle a fair number of returns). Just has to be consistent, either you round or you do not. | |
| ▲ | ghaff 6 hours ago | parent | prev [-] | | I think my accountant still gives me a choice of what to do and certainly I still get forms with cents on them. |
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| ▲ | burningChrome 11 hours ago | parent | prev | next [-] |
| >> and we won't have $100 bills anymore. Heard some pundits on the radio talking about the elimination of the penny and one of them who worked at the Secret Service as an analyst talked about why the US paper money only goes to $100 bills. He said it was to reduce criminals and illicit activity and criminals having to store it. He related the story of Pablo Escobar's brother or cousin who was the accountant for the cartel. He said they were losing billions of dollars every year because of various kinds of attrition like rats chewing up the money, it getting too wet and disintegrating. They were losing so much because they had to store it and that wasn't always the best because they had so much of it on hand which seemed to lend credence to his story. So if you were to get rid of the $100 bills that would further erode the ability of criminals to store so much of it. |
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| ▲ | 542458 11 hours ago | parent | next [-] | | I'm not really sure about "He said it was to reduce [...] criminals having to store it". Storage shouldn't be a huge problem - IIRC you can pack about a hundred million onto a standard pallet. Even for Escobar, who is THE outlier here, and assuming he's holding 100% of it in cash, that's about 300 pallets which easily fits into a normal warehouse. If you've got that much money it shouldn't be impossible to keep a warehouse like that clean and dry. Now, "illicit activity" more broadly speaking checks out to me. The EU stopped printing the 500 euro note because it was primarily used for illegal transactions and money laundering. | |
| ▲ | quantified 11 hours ago | parent | prev | next [-] | | When the $1000 bill was retired, a loaf of bread cost a couple cents. There was indeed a push to purge them during the drug scares of the late 20th century. A suitcase of $1000 bills is far sexier than one of $100 bills. It really was porting them. With bitcoin, it's moot. A $100 is basically a tank of gas and a sandwich in CA. | | |
| ▲ | nine_k 10 hours ago | parent | next [-] | | In 1934 the dollar was worth approximately 24x more than in 2025. A cheap loaf of bread is about $2 here in NYC, so it would be about 8¢ at the time. On one hand, the difference between 2¢ and 8¢ looks completely inconsequential now. OTOH it's a four-fold difference. | | |
| ▲ | djtango 6 hours ago | parent [-] | | It makes sense when you think of coins in terms of the commodities they were pegged to - a sliver of copper and nickel to pay for a loaf of bread. |
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| ▲ | thewebguyd 8 hours ago | parent | prev [-] | | > A $100 is basically a tank of gas and a sandwich in CA. I was just lamenting with my wife the other day about how "$100 is the new 20 bucks" When I was a kid, mowing someone's yard for $20 was a really good payout. Kids my neighborhood last year were doing it for $70 lol. | | |
| ▲ | Sohcahtoa82 6 hours ago | parent [-] | | $70!? How big are these lawns? Hell, I'd mow lawns for $70 each. I wouldn't pay more than $5 for someone to mow my lawn, but then again, it's tiny at like 20x15 feet. I spend more time getting the mower out and putting it back away than actually mowing. Probably gonna replace it with just a bunch of wildflowers next spring. | | |
| ▲ | conductr 5 hours ago | parent | next [-] | | Your neighbors who pay a service with similar sized lawn are mostly paying them to drive to their house. The neighborhood kids can undercut them without that time inefficiency. But they only need to slightly undercut them, so they get a good payout (for them) | |
| ▲ | djtango 6 hours ago | parent | prev [-] | | Wage inflation and lawn shrinkflation |
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| ▲ | emodendroket 11 hours ago | parent | prev | next [-] | | The 500-euro bill is being phased out for similar reasons. Though it's worth noting a 100-dollar bill was worth more than twice what it is today when Pablo Escobar died. | |
| ▲ | drdec 11 hours ago | parent | prev | next [-] | | I'm pretty sure the OP was talking about a far future where a $100 bill is worth less than the current penny | |
| ▲ | robocat 10 hours ago | parent | prev | next [-] | | > rats chewing up the money Profit for the US government. Fixed by plastic bills. Every $ printed but never redeemed is a significant profit (assuming other costs are low like printing). Especially yummy when countries just want to hoard the currency - same as selling stamps that are never used: estimate the stock of U.S. currency circulating in Argentina ... U.S. currency inflows during 1988-1992 totaled $20.8 billion
https://www.federalreserve.gov/pubs/ifdp/1993/460/ifdp460.pd... | | |
| ▲ | vel0city 8 hours ago | parent [-] | | > Every $ printed but never redeemed is a significant profit Redeemed? Redeemed for what? Its not like they're still trading dollars for gold at any kind of fixed rate. | | |
| ▲ | robocat 6 hours ago | parent | next [-] | | Nitpicking over words isn't profitable either, and if you're trying to appear sophisticated you've missed the mark with me. I would love to see an analysis of the benefits of crime to the government accounts. | |
| ▲ | Sohcahtoa82 6 hours ago | parent | prev [-] | | I interpret "redeemed" as meaning "spent on a good or service". Since the government can just print money, it can spend whatever it wants, but doing so creates inflation because of the higher money supply. Dollars that disappear (ie, they get eaten by rats) push that inflation back down by removing money from the supply. |
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| ▲ | tempestn 11 hours ago | parent | prev | next [-] | | Though I think the parent means, eventually in the (hopefully) distant future, we'll get rid of the $100 bill because it will be worth too little. | | |
| ▲ | quantified 11 hours ago | parent [-] | | Exactly. Like with the Zimbabwe dollars being printed in billion-dollar denominations, $100 is irrelevant then |
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| ▲ | ghaff 6 hours ago | parent | prev [-] | | The other thing about hundred is I tend to carry one or two when I travel internationally but I’d never count of using one in a lot of places in the US. |
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| ▲ | conductr 5 hours ago | parent | prev | next [-] |
| > You still need to include the cents in a tax bill that runs into the millions of dollars. No, each number I enter into my tax form is rounded to the dollar. Not just the total, every input value. |
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| ▲ | pxx 10 hours ago | parent | prev [-] |
| Nobody wants 10 months in a year. What we want is 13 28-day months a year plus one or two intercalary days. But organized religion gets in the way. |
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| ▲ | djtango 6 hours ago | parent | next [-] | | We can revisit our notion of the passage of time when we achieve extra planetary life | |
| ▲ | pbhjpbhj 6 hours ago | parent | prev [-] | | Which organised religion is demanding a 10 month year? | | |
| ▲ | conductr 5 hours ago | parent [-] | | Since we’re talking about US monetary policies, I’m going to assume the same religion that thinks the world is only a few thousand years old and dinosaurs are a hoax. |
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