I considered deleting the post, but this seems more cowardly than just admitting I was wrong. But TIL something!
this post was submitted on 06 Jan 2024
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The reason infinity $100 bills is more valuable than infinity $1 bills: it takes less effort to utilize the money.
Let's say you want to buy a $275,000 Lamborghini. With $1 bills, you have to transport 275,000 notes to pay for it. That will take time and energy. With $100 bills, you have to transport 2750 notes. That's 100x fewer, resulting in a more valuable use of time and energy.
Even if you had a magical wallet that weighed the same as a standard wallet and always a had bills of that type available to pull out when you reach in. It's less energy to reach in a fewer number of times.
Let's toss in the perspective of the person receiving the money, too. Wouldn't you rather deal with 2750 notes over 275,000, if it meant the same monetary value? If you keep paying in ones, people will get annoyed. Being seen favorably has value.
Value is about more than money.
You couldn't buy that car with either denomination since money would have zero value now... and also the universe would collapse in on itself... but mainly the zero value thing.
Money only has zero value if people wideluly know you have infinity money.
And even then, unless you've spent huge amounts you won't meaningfully inflate the money supply.
They won't know anything because they'd be dead after all space was filled with dollar bills
You could just have a magic wallet that always had a 100$ in it. Take 100$ out, another spawns. Basically a money printer
Matter appearing in your wallet would instantly collide and possibly fuse with the air and other things in your wallet likely causing an intense plasma burst as matter was created from nothing. The bill would vaporize and I suppose could kill you.
very nice! But very OT tho
Fair, but there's also a lot of businesses that don't accept $100 bills which would make paying for smaller everyday things annoying, and realistically I don't think any car dealership would want to deal with 2,750 $100 bills either. Besides, with infinite money you could hire people to count and move the money for you, if it's $1 bills instead of $100 bills you simply hire 100 times as many people!
I think it would be easier to go to thebank now and then to exchange some of your $100 for lower value bills than to do the opposite.
Besides, if there are places that don't take bills less than $20, there are a lot of places that aren't going to let you pay with only $1 bills. I can't imagine a car dealership letting you do that. Or if you want to buy a home, etc.