cross-posted from: https://lemmy.zip/post/7995540

I considered deleting the post, but this seems more cowardly than just admitting I was wrong. But TIL something!

  • MrJameGumb@lemmy.world
    194·
    10 months ago

    Infinite $1 bills would be inherently less valuable just because who wants to carry that much cash around? Say, for instance, that you wanted to buy a $30,000 car with your new windfall. Would you rather show up with a stack of 300 $100 bills in your hand, or several wheelbarrows full of 30,000 $1 bills?

    • Tja@programming.dev
      5·
      10 months ago

      You don’t pay cash. You hire someone to deposit 100M in your bank account. You pay with your vip Amex.

      • Wade@lemmy.world
        1·
        10 months ago

        You could still pay someone to deposit the $100 bills and it would take 1/100 the time to reach the same account balance

      • MrJameGumb@lemmy.world
        14·
        10 months ago

        So then you would have neither $1 bills nor $100 bills and none of this would apply to you

        • papalonian@lemmy.world
          7·
          10 months ago

          What are you on about? I use some of those unlimited bills to pay someone to put some more of those bills in a bank. I’ve still got unlimited $1s or $100s, I’ve just also got a large number in my bank account that I can use instead, and replenish when needed

          • MrJameGumb@lemmy.world
            14·
            10 months ago

            At a certain point though you would just have an account with more money in it than you can ever spend and it wouldn’t really matter what denomination the bills were except to the poor schmuck who agreed to deposit them for you.