Fun fact: Uncle Sam just stopped minting pennies. Guess what's next on the chopping block? The nickel.
Here's the kicker—it costs roughly 14 cents to stamp out a coin worth 5 cents. Hardly anyone even uses them anymore. And get this: the metal inside? Worth more than the coin's face value. So what happens? Inflation hawks start hoarding them like they're stacking sats.
We're basically burning taxpayer money to mint something nobody wants. Peak inefficiency.
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EternalMiner
· 11-15 03:13
Now it's really burning money in black and white, I don't understand why we continue minting things that no one uses.
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UncommonNPC
· 11-14 11:50
Ha, this logic is ridiculous. The cost of minting coins is higher than their face value? Might as well just stop production.
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MEVictim
· 11-13 15:49
Haha, this is ridiculous. The cost of minting coins is more expensive than their face value; it would be better to just melt them down and sell the metal.
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TokenomicsTherapist
· 11-13 15:43
The Fed's minting department really should be cut; their efficiency is absolutely terrible.
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ApeDegen
· 11-13 15:38
Haha, this is ridiculous. Minting a 5-cent coin costs 14 cents? This is just pure foolishness.
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JustHereForAirdrops
· 11-13 15:37
Damn, the cost of minting coins is higher than their face value? Isn't this a common problem in TradFi? It should have been abolished long ago.
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ProtocolRebel
· 11-13 15:32
Laughing to death, people in the crypto world are really hoarding nickel coins, just like the logic of hoarding alts back in the day.
Fun fact: Uncle Sam just stopped minting pennies. Guess what's next on the chopping block? The nickel.
Here's the kicker—it costs roughly 14 cents to stamp out a coin worth 5 cents. Hardly anyone even uses them anymore. And get this: the metal inside? Worth more than the coin's face value. So what happens? Inflation hawks start hoarding them like they're stacking sats.
We're basically burning taxpayer money to mint something nobody wants. Peak inefficiency.