Hacker News new | ask | show | jobs
by thenthenthen 603 days ago
Could you explain more? I do not understand how you can buy coins for free by paying coins for “weights” (what are these weights? What are they made from?). Also, what is the use for this? To check of your coins are real? Calibrate your coin scale?
3 comments

I guess OP means you don't need to buy above or sell below its value when "buying" or "selling" a metric shitton of small coins (like you would for gold for instance).

15 kilograms sounds excessive though, I bet the bank clerks hate that trick ;)

Banks usually stock pre-counted rolls of coins, and it's not much hassle to count out several of those. Though I guess 15 kg is probably going to be several dozen.
The coins are weights, the actual money is paper or electronic money.
Excuse the nerdy nitpick, I get the point but technically as far as "actual" money goes that's the coins. Electronic entries in bank ledgers are not legal tender.

One can of course go further and question if banknotes and coins should be called actually money. Today the nominal value is completely disconnected from what the metal is really worth, it's not like with gold coins back in the day. And once collective belief in the value is lost fiat money quickly becomes worthless. Zimbabwe and Venezuela are recent examples.

Have to correct your nitpick. What you're talking about is currency not money. Not being legal tender doesn't mean it's not money. The majority of money sits as electronic entries in each country's central bank. https://www.investopedia.com/terms/c/currency.asp#:~:text=Th....
True. I'm talking about private bank books, the kind of "electronic money" regular people use, which I assume is what the comment above referred to. Since only financial institutions have access to central bank accounts.
How do you pay 35 cent in paper is still a mystery. But OP just means you can exchange/buy coins (and use them as weights)?
You should be just as mystified about the 4€ component.
You give bills and get pennies.