It would actually do next to nothing if the entire supply were vanished right now. There’s about $300 billion in pennies in circulation. Around $850 per American, or roughly four days of average individual consumer spending.
The economy as a whole does on the order of 10s of trillions of dollars of activity a day.
Eliminating every penny would be less than a 1% reduction in liquidity, and even smaller in terms of actual use.
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ricecake@sh.itjust.worksto
Ask Lemmy@lemmy.world•What is too high for a pending authorization charge for a gasoline purchase?
6·17 hours agoThe annoying thing is that the credit cards fully support authorizing for some amount likely to cover the transaction and using the same transaction to capture so no lingering auth sits around.
If a merchant has captured the funds and still has a hold sitting around the someone has implemented something wrong.
I didn’t say that’s what you think, I said it’s a mistake you could be making. He had a particularly strong accent and it was something that coworkers commented on.
I’m not trying to prove you wrong, I was offering an explanation for a different interpretation. If two people watch the same interview and one sees aggression and the other sees a perfectly normal interaction there’s probably a reason one of them sees it differently.
Well, to each their own. I think you might be mistaking a loud speaking voice and a strong queens accent for hostility. He’s smiling for most of it, answers the question in several lays of sophistication, connects it to other physical phenomenon and explains why it’s difficult to answer directly.
I went back and watched it since it’s been quite a while and I didn’t recall hostility and I still don’t see it.
Why do you assume the magnet interview wasn’t flattering? His legacy is more complicated than he conveyed, and he definitely has some dark portions, but he actually was an extremely gifted mind, a renowned educator and acclaimed scientist.
ricecake@sh.itjust.worksto
Programmer Humor@programming.dev•Well, hello waterfox and librewolf
302·5 days agoAnd they clarify that you can choose to have them not do that.
ricecake@sh.itjust.worksto
Programmer Humor@programming.dev•Well, hello waterfox and librewolf
9·5 days agoThey don’t. They’re saying they don’t have it.
ricecake@sh.itjust.worksto
Programmer Humor@programming.dev•Well, hello waterfox and librewolf
2192·5 days agoIt’s because people looked at a line of a diff without looking at the actual context.
It’s like finding the line in a diff where someone deleted a call to “check password” and concluding that this means the service is no longer verifying passwords.https://blog.mozilla.org/en/firefox/update-on-terms-of-use/
https://www.mozilla.org/en-US/privacy/faq/
We never sell your personal data. Unlike other big tech companies that collect and profit off your personal information, we’re built with privacy as the default. We don’t know your age, gender, precise location, or other information Big Tech collects and profits from.
Basically, they consolidated and clarified their data privacy policies to be legally accurate. People took a content change to be a policy change on the assumption that you can’t just delete words in one place and put new ones somewhere else.
ricecake@sh.itjust.worksto
People Twitter@sh.itjust.works•Want to annoy other passengers on the train but without sacrificing sound quality?
1·6 days agoWell, there was nothing stopping anything from doing it before, they just didn’t know there was a desire for broadcast, or for the broadcaster to be uninterested in the connection of the listener.
A lot of the protocol is about making sure that things are authenticated and private. You don’t want a second set of headphones connecting without your knowledge usually.
This also lets you broadcast audio encrypted, without drowning out other radios, and keeps the listener from being able to do normal pairing tasks like “download contacts”.It’s obvious now, but that’s only after years of everyone walking around with small radio linked ear pieces.
ricecake@sh.itjust.worksto
People Twitter@sh.itjust.works•Want to annoy other passengers on the train but without sacrificing sound quality?
1·7 days agoThe reason it exists primarily is so that music venues and museums and such can provide broadcast audio for accessibility and just in general without requiring people to use their janky headsets from the 80s. Once it exists and is actually in the hardware for the Bluetooth chips, the work to plug together a UI for it is relatively small for what looks like a big feature.
It also has some pretty good power savings over actually pairing a device, since neither device is looking for return communication to any significant degree, and it’s geared for not giving the headphones device control in the way that a paired device gets.
Overall it’s a good innovation, but not the most clear to market how you’ll use it every day.

Oh, it’s definitely far bigger than GDP. Not all financial activity factors into GDP but it’s all part of the general movement of money that factors into inflation.
A lot of money is used for things that aren’t counted as “production”, like investments or used goods.
More than half of the worlds trade is conducted in dollars and there’s even larger flows of money involved in foreign exchange on a daily basis.
There’s just so much money churning around that reducing the supply by $300B isn’t a big dent, particularly when most of it’s already effectively out of circulation.
The ~$200 a day figure is right from bls and tracks consumer spending, notably including housing costs.
https://www.bls.gov/cex/.
It’s about $100 a day if you remove housing and transportation. About $25 on food and $10 on “fun” a day, with $16 of that food being consumed groceries.