Did you know it costs more than a cent to make a penny? 🤔 Yes, you heard that right! Producing and distributing each U.S. penny costs the Mint over 1.5 cents, thanks to the prices of zinc and copper, plus manufacturing expenses. 🏭💸 While some argue it’s time to say goodbye to the penny due to its higher production costs and limited use in daily transactions, others believe it holds sentimental value and is an iconic piece of American history. 🇺🇸 Countries like Canada, Australia, and New Zealand have already stopped using their lowest denomination coins, sparking a debate: Should the U.S. follow suit and phase out the penny? 🌍🚫💰 What’s your take? Is the penny worth keeping for tradition and nostalgia, or is it time to embrace change and efficiency in our currency? Drop your thoughts below! #PennyForYourThoughts #EconomicDebate #ChangeTheChange

Worth a read:

Bitcoin Magazine

Mining Misinformation: How The United Nations University Misrepresents Bitcoin’s Energy Use

Revealing the junk science used by the United Nations University to attack bitcoin mining. The first report from the “FUD Fighters” series.

“The amount of energy needed to refute bullshit is an order of magnitude bigger than that needed to produce it.” — Williamson on Bitcoin mining (Brandolini’s Law)

The term “money laundering” originally comes from the mafia’s practice of using laundromats to disguise their revenues from illegal activities as legitimate earnings. Laundromats, being cash-operated businesses, provided an ideal front for the illicit income.

TIL: The word “salary” comes from the Latin word “salarium,” which originally referred to a Roman soldier’s allowance for the purchase of salt—an essential commodity in ancient times. This is also the root of the phrase “worth one’s salt,” meaning worth one’s pay.

GM NOSTR!