Coinbase Leaves Delaware
ZH> For more than half a century, Delaware stood as America’s corporate capital, renowned for its business-friendly laws, respected Chancery Court, and consistent legal rulings. But in recent years, leftist activist lawmakers and politicized judges have undermined that very foundation, sparking an exodus of major companies seeking stability and fairness to more welcoming states like Texas and Nevada.
another loss for a shithole state
in ebonics-speak (per m. toilet waters) they want to “stay woke”
@ 318: skdkdindu
In other coin news, the penny has been officially cancelled.
I disagree with this decision.
It will cost consumers more.
BTW, if the USA can’t mint a penny for less than a fucking penny, what the hell are we doing?
LBS: How will it cost consumers more? The rounding will be set by law. 1 and 2 cents will be rounded to 0n 6 and 7 cents will be rounded to 5. 3 and 4 will be rounded up to 0 and 3 and 4 will be rounded up to 5. Non cash transactions will still count the pennies.
It will all come out in the wash.
Nickels make better flat washers anyway. A lot cheaper than buying washers.
In other news they never made the 10th of a penny coin, but they still use it to price gasoline.
LBS
The materials (copper or copper washed zinc) cost more than a penny all by themselves. Add in the cost of the minting (the machines, dies, maintenance, electricity, et al), and that’s what really throws it over the top.
As a quick throw-by, I heard someone mention that it cost 14 cents to mint a nickle. Sooooo, look for either a change of material, or eventually the disappearance of the 5 cent piece.
More than a penny to make a penny and 14 cents to make a nickle are truer measures of inflation than that bullshit the FedGov spews.
The cure isn’t to get rid of pennies (or nickles, either) but to get a grip on our inflationary policies.
See precious metal prices: it’s been written here, and elsewhere, that the value of gold (silver, &c.) stays the same but the worth of the currency changes.
But then, I’m a retired Plumber and don’t really know anything about it.
mortem tyrannis
izlamo delenda est …
For more than a half century, almost a century.
And it was largely Shitpants along with his one-party army of treasonous leftists who did this to the former Diamond State.