Science and Technology : Congressman Calls To Ban U.S. Dollar In Response To Plea For Bitcoin Ban

[CraigK]

Let's not leave out the Penny, lol:

Some say the United States should stop using pennies because the cost of producing the coin is now higher than the value of the coin. Even the US Mint admits that the cost of producing a penny in 2007 could be as high as 1.4 cents. Pennies are no longer made from pure copper, which would make the minting of them prohibitively expensive, but rather from zinc and a thin coating of copper. Supporters of the penny often suggest that the US government should continue to produce the coin, only with cheaper metallic alloys than zinc or copper.
http://www.wisegeek.com/should-the-united-states-stop-using-pennies.htm

When I was stationed in Germany, the PX and Commissary did not use pennies: any purchase total was simply rounded to the nearest nickel, and all change was in 'silver'. It evened out over a few purchases, and no one missed those pesky pennies.

 

[Clyde C Coger Jr]

When I was stationed in Germany, the PX and Commissary did not use pennies: any purchase total was simply rounded to the nearest nickel, and all change was in 'silver'. It evened out over a few purchases, and no one missed those pesky pennies.

One day, all my copper pennies will make real dollars.

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[Clyde C Coger Jr]

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Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook's planned Libra digital coin. Bitcoin fell 11.1% from Friday to $9,855 early on Monday, its lowest since July 2. The original cryptocurrency slumped

finance.yahoo.com

By Tom Wilson
Reuters

 

[Clyde C Coger Jr]

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Bitcoin’s Price Could Rise If Facebook’s Crypto Survives Congress Hearings

Bitcoin’s Price Could Rise If Facebook’s Crypto Survives Congress Hearings

Bitcoin is under pressure ahead of U.S. congressional hearings on Facebook’s Libra cryptocurrency on July 16 and 17. But what happens next?

finance.yahoo.com

Omkar Godbole
Coindesk

 

[Clyde C Coger Jr]

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UK Royal Mint to offer custodial services to a new cryptocurrency project

UK Royal Mint to offer custodial services to a new cryptocurrency project

UK’s government-owned mint is taking part in a cryptocurrency project. Royal Mint will offer custody to a new cryptocurrency temtum (TEM), CoinTelegraph reports.The post UK Royal Mint to offer custodial services to a new cryptocurrency project appeared first on The Block.

finance.yahoo.com

Carol Gaszcz
The Block