The secondary reason is timing. And it aligns how funny things happen when the value of $1/1£/1€ in a currency drops below a certain threshold.
A $1 cheeseburger becomes $2. Then $3.50, followed by $5.50.
Instead of the population doing math in fractions of a whole unit - a dollar/euro/etc, suddenly they are doing math without decimals to interpret somethings cost/cheapness.
It’s a huge shock to the brain when this happens as the difference between $0.25 and $.50, and then $1 and $2 are the same %, yet perceived as different.
The USD, Euro, Pound, AUD, NZD, etc are all recently breakaway from decimals (cents) mattering. Cents have become rounding units and insignificant.
wakoinc / Blake
npub1kt…rmrvj
2023-07-19 16:37:20
in reply to nevent1q…k7s5
Author Public Key
npub1ktw5qzt7f5ztrft0kwm9lsw34tef9xknplvy936ddzuepp6yf9dsjrmrvjPublished at
2023-07-19 16:37:20Event JSON
{
"id": "ea88e9b0b9ddedacb75e170421c836f5c603eb892cb1a860353316f4d336b749",
"pubkey": "b2dd40097e4d04b1a56fb3b65fc1d1aaf2929ad30fd842c74d68b9908744495b",
"created_at": 1689784640,
"kind": 1,
"tags": [
[
"e",
"f805aac9361db92f5f05a347cf5e8ad412c0486db6d0a32660cee9c9ce23948e"
],
[
"e",
"0028c9a135c121e4c85ae2f3673d20f8f4935d70951c868e1d32a5c557a631ee"
]
],
"content": "The secondary reason is timing. And it aligns how funny things happen when the value of $1/1£/1€ in a currency drops below a certain threshold. \n\nA $1 cheeseburger becomes $2. Then $3.50, followed by $5.50. \n\nInstead of the population doing math in fractions of a whole unit - a dollar/euro/etc, suddenly they are doing math without decimals to interpret somethings cost/cheapness. \n\nIt’s a huge shock to the brain when this happens as the difference between $0.25 and $.50, and then $1 and $2 are the same %, yet perceived as different.\n\nThe USD, Euro, Pound, AUD, NZD, etc are all recently breakaway from decimals (cents) mattering. Cents have become rounding units and insignificant.",
"sig": "4b2f2c36e800def698bda52a21392c886974360147b1651fa08f570709e6a7578d4389974bf06f8c4db96b875a2b2bd653073b87ac8be2afea54be4e1234abae"
}