• The Death of the Penny? Rethinking Currency in a Digital World

  • Feb 28 2025
  • Length: 6 mins
  • Podcast

The Death of the Penny? Rethinking Currency in a Digital World

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  • Summary

  • In this eye-opening episode of 'The Conant Code', we delve into the changing landscape of currency, starting with the iconic U.S. penny. Despite its symbol of thrift and tradition, the penny has become a costly artifact, compelling a reevaluation of its role in modern economies.

    Join us as we explore the historic journey of the penny, from its inception in 1793 to its symbolic presence as a piece of America. We discuss the financial losses incurred by the U.S. Mint and how politics, nostalgia, and industry lobbying have kept it alive, despite other countries moving on.

    Dive deeper with us into a world on the brink of digital transformation, where cashless societies, like Sweden, are becoming the norm. We examine the implications of going fully digital, from the advantages of blockchain technology to the consequential risks to privacy and system reliability.

    As society stands at a crossroads, this episode challenges us to reflect on what comes next. Should we preserve the familiar, or boldly step into a new era of financial technology? Tune in to find out and contemplate the future of money.
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