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#trillion dollar coin
thehalfwaypost · 1 year
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hyperdemona · 1 year
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A few millions of these coins mass-produced could fix the US economy for good. I'd even recommend switching out the platinum for nickel alloy as in regular coins to keep costs low and save the economy even harder. ❤️
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kp777 · 1 year
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White House timidity on the debt ceiling is infuriating. What is it afraid of?
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ninebaalart · 11 months
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This one is pretty old at this point but back when the US looked like it was going to default, people kept floating the idea of doing a trillion dollar coin to fix the problem. This was my proposed design, since the only fearless leader I felt was worthy of being encapsulated on a coin as lofty as this lived in a galaxy far, far, far away...
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empresa-journal · 1 year
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Minting the Trillion Dollar Coin is a False Choice
The US Treasury does not need to mint (issue) a trillion dollar coin to finance the federal government in a debt ceiling crisis. Instead, the Treasury could mint just enough platinum coins to pay the bills during the crisis. Federal law (31 U.S. Code § 5112) gives the US Security of the Treasury the power to “mint and issue proof platinum coins.” Former US Mint Director Philip Diehl thinks this…
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THE TRILLION DOLLAR COIN…..Biden, just do it.
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digitalguap · 2 years
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In Conversation Episode 3 the Trillion Dollar Coin
In Conversation Episode 3 the Trillion Dollar Coin
Foreign It's getting rid of our national debt as Simple as the United States meant Striking coins worth a trillion dollars Each I'm Chuck Woolery welcome to in Conversation This week former directors of the United States met Philip deal and Ed Moy Discuss the concept of the trillion Dollar coin an idea from Phillips time Leading the mint High deficits and the Um In the national debt growing at a…
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My stocks are going infinitely up. go ahead, try and fuck with me.
Go ahead, put anything. i literally just unlocked quarter of a total million dollar hack in the stock market by exploiting eexperimental Bio-Currency waveforms with my XM-Zwoinker, totally debralcrallifrateied the moneys. 30% Ham going up 21^2% 89% loins 10% ribs 99-1% tender ribs 19 dollars 56% Thighs (chicken) 3198 new Coins in the market, all of them hard. 583,123,094 Soft Coins exited the market. 12 Extra coins have been added to the pool.
Thank you!
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iraqdinar · 11 months
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Zimbabwe’s “RTGS Dollar” Can Be Used to Purchase New Gold Coins; Not So for 2008 Zim Inflation Currency
Zimbabwe's Central Bank recently introduced a new set of gold coins in a bid to boost the country's economy. The coins, which come in denominations of 2, 5, 10, and 20 Zimbabwean dollars, are said to be made from locally sourced gold.
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The introduction of the new coins has been met with mixed reactions, with some Zimbabweans expressing excitement at the prospect of having a new form of currency, while others have raised concerns about the practicality of using gold coins in everyday transactions.
Which Zim Currencies Can Be Used to Purchase the Coins?
One of the main questions that has been raised is whether RTGS (Real Time Gross Settlement) dollars can be used to purchase the gold coins. RTGS dollars are Zimbabwe's official currency and are used for electronic transactions, but they are not widely accepted by all merchants.
According to the Reserve Bank of Zimbabwe, the new gold coins can be purchased using any form of legal tender, including RTGS dollars. This means that Zimbabweans who have RTGS dollars can use them to buy the gold coins.
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What about Zimbabwe’s 2008 Hyperinflation Currency?
Unfortunately for collectors around the world who have made the 2008 $100 Trillion Zimbabwe banknote one of the most popular numismaic collectibles of all-time, they won’t be able to help land the new gold Zimbabwe coins.
The reason is rather simple. 2008 Zimbabwean money cannot be used to buy anything, much less cold coins. In 2008-2009, Zimbabwe experienced hyperinflation, and as a result, the currency became practically worthless. In response, the Zimbabwean government abandoned the Zimbabwean dollar and adopted a multi-currency system. The primary currencies used in Zimbabwe are now the US dollar, the South African rand, and other foreign currencies. At the height of the hyperinflation, Zimbabwe released a $100 trillion dollar bill, which at its height was worth something like $1.36 USD.
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Gold coins, like any other goods or services, typically require a recognized currency or a form of payment that is widely accepted. Since the 2008 Zimbabwean money is no longer in use and has no value, it cannot be used to purchase gold coins or any other items. If you're interested in buying gold coins, you would need to use a recognized currency or another form of payment accepted by the seller.
However, while officiallt the RTGS dollar can be used to purchase the coins, some experts have warned that using RTGS dollars to purchase gold coins may not be the most practical option. This is because the value of gold is constantly fluctuating, and it may be difficult for merchants to accurately determine the value of the coins in RTGS dollars.
Despite these concerns, the introduction of the new gold coins is seen as a positive step towards stabilizing Zimbabwe's economy, which has been struggling for years due to hyperinflation and a shortage of foreign currency.
The use of gold as a form of currency is not new in Zimbabwe. The country has a rich history of gold mining, and gold was once used as a medium of exchange before the introduction of paper currency.
In recent years, there has been a renewed interest in gold as a form of currency, with some countries, such as China and Russia, increasing their gold reserves in an effort to diversify their currencies.
The introduction of the new gold coins in Zimbabwe is therefore seen as a step towards aligning the country with this trend. It remains to be seen whether the coins will be widely adopted by Zimbabweans, but for now, they represent a glimmer of hope for a country that has been through so much economic turmoil in recent years.
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liliflorida · 28 days
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My Collections are Foreign Currency & Food Shaped Erasers.私のコレクションは「外貨」と「食べ物の形の消しゴム」
Daily writing promptDo you have any collections?View all responses I like money. Who doesn’t like money? Well, correctly, I like thinking about my personal financial growth. I am not young… 私はお金が好きです。お金が嫌いな人っているかな?正しくは、自分の資産を増やすことについて考えるのが好きです。若くないですし…。 I have some collections. One is American coins. I came to America in 2008, At that time I didn’t know about American states. Therefore, I…
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pendantandring · 1 year
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the 1T$ Coin - Let's Review
Up for discussion: The 1T$ coin. How do you vote? Yea or Nay?
The discussion of the one trillion dollar coin has returned to the news cycle. The New York Times posted an article titled, “The Coin, the Constitution, Premium Bonds: The Debt Limit Workarounds.” The mythical 1T$ coin is at the top of the page in Google search results, and we talked about it in our article, “Potential New Coin Law” a few weeks ago. In short, a senator from Utah and a state…
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An adversarial iMessage client for Android
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Adversarial interoperability is one of the most reliable ways to protect tech users from predatory corporations: that's when a technologist reverse-engineers an existing product to reconfigure or mod it (interoperability) in ways its users like, but which its manufacturer objects to (adversarial):
https://www.eff.org/deeplinks/2019/10/adversarial-interoperability
"Adversarial interop" is a mouthful, so at EFF, we coined the term "competitive compatibility," or comcom, which is a lot easier to say and to spell.
Scratch any tech success and you'll find a comcom story. After all, when a company turns its screws on its users, it's good business to offer an aftermarket mod that loosens them again. HP's $10,000/gallon inkjet ink is like a bat-signal for third-party ink companies. When Mercedes announces that it's going to sell you access to your car's accelerator pedal as a subscription service, that's like an engraved invitation to clever independent mechanics who'll charge you a single fee to permanently unlock that "feature":
https://www.techdirt.com/2023/12/05/carmakers-push-forward-with-plans-to-make-basic-features-subscription-services-despite-widespread-backlash/
Comcom saved giant tech companies like Apple. Microsoft tried to kill the Mac by rolling out a truly cursèd version of MS Office for MacOS. Mac users (5% of the market) who tried to send Word, Excel or Powerpoint files to Windows users (95% of the market) were stymied: their files wouldn't open, or they'd go corrupt. Tech managers like me started throwing the graphic designer's Mac and replacing it with a Windows box with a big graphics card and Windows versions of Adobe's tools.
Comcom saved Apple's bacon. Apple reverse-engineered MS's flagship software suite and made a comcom version, iWork, whose Pages, Numbers and Keynote could flawlessly read and write MS's Word, Excel and Powerpoint files:
https://www.eff.org/deeplinks/2019/06/adversarial-interoperability-reviving-elegant-weapon-more-civilized-age-slay
It's tempting to think of iWork as benefiting Apple users, and certainly the people who installed and used it benefited from it. But Windows users also benefited from iWork. The existence of iWork meant that Windows users could seamlessly collaborate on and share files with their Mac colleagues. IWork didn't just add a new feature to the Mac ("read and write files that originated with Windows users") – it also added a feature to Windows: "collaborate with Mac users."
Every pirate wants to be an admiral. Though comcom rescued Apple from a monopolist's sneaky attempt to drive it out of business, Apple – now a three trillion dollar company – has repeatedly attacked comcom when it was applied to Apple's products. When Apple did comcom, that was progress. When someone does comcom to Apple, that's piracy.
Apple has many tools at its disposal that Microsoft lacked in the early 2000s. Radical new interpretations of existing copyright, contract, patent and trademark law allows Apple – and other tech giants – to threaten rivals who engage in comcom with both criminal and civil penalties. That's right, you can go to prison for comcom these days. No wonder Jay Freeman calls this "felony contempt of business model":
https://pluralistic.net/2023/11/09/lead-me-not-into-temptation/#chamberlain
Take iMessage, Apple's end-to-end encrypted (E2EE) instant messaging tool. Apple customers can use iMessage to send each other private messages that can't be read or altered by third parties – not cops, not crooks, not even Apple. That's important, because when private messaging systems get hacked, bad things happen:
https://en.wikipedia.org/wiki/2014_celebrity_nude_photo_leak
But Apple has steadfastly refused to offer an iMessage app for non-Apple systems. If you're an Apple customer holding a sensitive discussion with an Android user, Apple refuses to offer you a tool to maintain your privacy. Those messages are sent "in the clear," over the 38-year-old SMS protocol, which is trivial to spy on and disrupt.
Apple sacrifices its users' security and integrity in the hopes that they will put pressure on their friends to move into Apple's walled garden. As CEO Tim Cook told a reporter: if you want to have secure communications with your mother, buy her an iPhone:
https://finance.yahoo.com/news/tim-cook-says-buy-mom-210347694.html
Last September, a 16-year old high school student calling himself JJTech published a technical teardown of iMessage, showing how any device could send and receive encrypted messages with iMessage users, even without an Apple ID:
https://jjtech.dev/reverse-engineering/imessage-explained/
JJTech even published code to do this, in an open source library called Pypush:
https://github.com/JJTech0130/pypush
In the weeks since, Beeper has been working to productize JJTech's code, and this week, they announced Beeper Mini, an Android-based iMessage client that is end-to-end encrypted:
https://beeper.notion.site/How-Beeper-Mini-Works-966cb11019f8444f90baa314d2f43a54
Beeper is known for a multiprotocol chat client built on Matrix, allowing you to manage several kinds of chat from a single app. These multiprotocol chats have been around forever. Indeed, iMessage started out as one – when it was called "iChat," it supported Google Talk and Jabber, another multiprotocol tool. Other tools like Pidgin have kept the flame alive for decades, and have millions of devoted users:
https://www.eff.org/deeplinks/2021/07/tower-babel-how-public-interest-internet-trying-save-messaging-and-banish-big
But iMessage support has remained elusive. Last month, Nothing launched Sunchoice, a disastrous attempt to bring iMessage to Android, which used Macs in a data-center to intercept and forward messages to Android users, breaking E2EE and introducing massive surveillance risks:
https://www.theverge.com/2023/11/21/23970740/sunbird-imessage-app-shut-down-privacy-nothing-chats-phone-2
Beeper Mini does not have these defects. The system encrypts and decrypts messages on the Android device itself, and directly communicates with Apple's servers. It gathers some telemetry for debugging, and this can be turned off in preferences. It sends a single SMS to Apple's servers during setup, which changes your device's bubble from green to blue, so that Apple users now correctly see your device as a secure endpoint for iMessage communications.
Beeper Mini is now available in Google Play:
https://play.google.com/store/apps/details?id=com.beeper.ima&hl=en_US
Now, this is a high-stakes business. Apple has a long history of threatening companies like Beeper over conduct like this. And Google has a long history deferring to those threats – as it did with OG App, a superior third-party Instagram app that it summarily yanked after Meta complained:
https://pluralistic.net/2023/02/05/battery-vampire/#drained
But while iMessage for Android is good for Android users, it's also very good for Apple customers, who can now get the privacy and security guarantees of iMessage for all their contacts, not just the ones who bought the same kind of phone as they did. The stakes for communications breaches have never been higher, and antitrust scrutiny on Big Tech companies has never been so intense.
Apple recently announced that it would add RCS support to iOS devices (RCS is a secure successor to SMS):
https://9to5mac.com/2023/11/16/apple-rcs-coming-to-iphone/
Early word from developers suggests that this support will have all kinds of boobytraps. That's par for the course with Apple, who love to announce splashy reversals of their worst policies – like their opposition to right to repair – while finding sneaky ways to go on abusing its customers:
https://pluralistic.net/2023/09/22/vin-locking/#thought-differently
The ball is in Apple's court, and, to a lesser extent, in Google's. As part of the mobile duopoly, Google has joined with Apple in facilitating the removal of comcom tools from its app store. But Google has also spent millions on an ad campaign shaming Apple for exposing its users to privacy risks when talking to Android users:
https://www.theverge.com/2023/9/21/23883609/google-rcs-message-apple-iphone-ipager-ad
While we all wait for the other shoe to drop, Android users can get set up on Beeper Mini, and technologists can kick the tires on its code libraries and privacy guarantees.
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If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2023/12/07/blue-bubbles-for-all/#never-underestimate-the-determination-of-a-kid-who-is-time-rich-and-cash-poor
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magapatriot64 · 2 months
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A brutally honest take on Ukraine from a U.S. Army Veteran of Afghanistan and Iraq that is also a Purple Heart recipient (edited):
I have never and will never support the war in Ukraine. I now understand the Military Industrial Complex and the trillions spent off of the lives of US, the people.
If you do support the war, this post is going to offend the shit out of you.
And I honestly don’t care what you think. Some of you may agree, and some of you probably truly need to hear this.
I have been shot at, blown up, returned fire, everything imaginable. War is serious shit. This is not Call of Duty, this is real fucking life. The term “War is hell”, is coined for a reason.
First: I will start with NATO and Europe.
Why the hell are we in NATO if they don’t barely lift a finger for shit? Why is America always the one that will carry the burden of these asshats. Even President Trump commented TODAY and was almost begging for an end to this. To NATO: If you want this war so badly, then grab a compass and head due East.
Second: You can say whatever you want about President Trump. You can like the man, or you can hate him. However, you cannot argue the point that none of this bullshit was going on when he was President. Just throwing that out there. This is an undeniable fact.
Third: Why is it that it took an Airman to leak classified documentation to totally disprove the efforts in Ukraine? Don’t you notice how this story has been completely wiped from the mockingbird media? They are concealing the truth as well. American taxpayers have been lied to since this began.
Fourth: Where is all of our American taxpayer money going? Let’s be honest about it. How do you “over-calculate” over $6 BILLION DOLLARS of our money for this effort? Where exactly is it going? Into Politician or Zelenskyy’s pockets? If any of us made an “accounting error” on our taxes, we would all be in prison now. This is fraud, waste and abuse putting it lightly.
Fifth: This brings me to another point. Are politicians making money off of this war effort? If so, sorry to say, but you belong in prison. Plain and simple. And that is bipartisan speaking. There are Americans working 2-4 jobs at times just to make ends meet. People are recovering from a lockdown that YOU created.
Sixth: To the Americans backing this war. Why don’t you book yourself a flight to Kyiv and partake in this fight? It’s easy as fuck to be okay with war, while you’re chilling with your Starbucks in your comfortable environment. You love to criticize our country but have never contributed a fucking thing to it.
Last: Why are we not discussing diplomacy? There have been ZERO attempts to sit down like grown fucking men and come to an agreement. None. It is all too clear that they want this war to continue.
I sure as hell don’t claim to know everything, but this bullshit has gone on long enough.
To the dickheads who will inevitably cherry-pick this tweet know this, your opinion does not matter to me. You can comment, but I won’t give you the benefit of replying. Thanks for playing.
I know this is a very long-winded post. But if you took the time to read, thank you for listening.
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facts-i-just-made-up · 4 months
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Wasn't there that 1 trillion dollar coin that cost more to manufacture than it was worth?
Someone at my local pub keeps tipping the waiters in huge amounts of hyperinflated currencies, best ask them.
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anguilliforme · 2 months
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YOUR TURN !!! BANKNOTE TOUR !!
ooh okay!!!! I have two banknote folders- one for my standard world notes and another for hyperinflation notes and any banknotes too large to fit into the first folder.
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the renniks is the latter, i have 45 hyperinflation notes, a couple of my faves:
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these nicaraguan ones which have the higher values hastily stamped over with black ink that glows under UV. I'm sure you've seen my fascination with hyperiflation designs before. the rushed desperation of the stamp-over style really gets to me.
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here is the hundred trillion dollar note that i stayed up past midnight to make sure nobody outbid me, i got it for far less than a lot of hundred trillions are going for these days.
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Also in the folder are my Big notes, for some of these i had to craft my own archive slip out of two XXL slips!
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this includes my largest note, the thai 60 baht commemorative note.
Now onto my other folder, this one is considerably larger, and while its not completely filled, it's a few spending sprees away from me needing a new one:
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I have mine organised in "kind of alphabetical" order. that just means that i bothered to put my notes in an a-is-for-australia, b-is-for-bhutan order but i didn't bother to alphabetise any more than that. Some of the highlights of the notes:
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arabic countries absolutely go off with their designs! i'm a lover of both aesthetics and scripts that aren't latin, so these banknotes appeal greatly.
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i've always found the netherland's 2 1/2 banknotes and coins so fun to look at. logically i get that it's just half of five and is probably a lot more useful when it comes to transactions but. fraction on a banknote.
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my forgery peso! i got this one at a coin/banknote con last year. it was clearly labelled as a forgery and i was so intrigued about its circumstances that i had to get it.
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this french algerian banknote (centre) is my most weak and pathetic banknote. i genuinely thought it was going to crumble in my hand as i put it in the archive slip. i've never been more scared to put a banknote into a slip. it's not coming back out because i don't think it would survive the journey.
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xylophonetangerine · 1 year
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On the way to the Federal Reserve I fumble the trillion dollar coin and drop it down a storm drain.
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