Colin McEnroe Show: The Currency Show
Hear about loose change, ditching the penny, virtual currency & Occupy George.
We're still a long way from becoming a "cashless" society, and maybe we never will be one, because the phrase freaks some people out. Cashless society means, to them, some kind of mark or implant on your hand or head and a surrendering of freedom and control to a shadowy blobby new world order. But there are changes in the world of currency and tender, legal and otherwise. Several online worlds have spawned their own currencies which can, in turn, be spent in the physical world under certain circumstances.
And today, you'll hear about bitcoins, which didn't arise from Second Life or world of Warcraft but from a conscious effort by a mysterious founder to create a new dedicated currency. We're also talking to an advocate of penny abolition and a member of Occupy George, which add messages from the 99 percent to dollar bills. We'll even tell you about how and where you can turn in your loose change.
Leave your comments below, e-mail colin@wnpr.org or Tweet us @wnprcolin.
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EMAIL FROM BENMICHEL:
Just so you know, in India, the smallest denomination coin right now is the one rupee which is worth 2 cents US.
EMAIL FROM JAMES:
An interesting piece of trivia: the country's 1st penny, the "fugio" cent was minted in New Haven in 1787 (the year the US Constitution was enacted. Before that time, each State under the Articles of Confederation had its own currency.
The fugio cent is attributed to Ben Franklin. On the obverse side of this large cent is a circular chain of thirteen links (ie, states) in the middle of which are the words "United States". At the bottom of the coin, the phrase "We are One."
The reverse side contains a sun with it's rays shining down on a sun dial with the words "fugio" (time flies) and "Mind Your Business.", and the date, 1787.
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