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Why digital currencies are the future

Wednesday, 17 Jun 2015

Information Age

By Craig Horne, ACS Victoria Chairman

Coins should die a molten death

I hate coins and I wish they would die a molten death.

They jangle in my pockets attracting unsavoury attention from ne'er-do-wells, rub the material in my pockets causing holes and fall out when I sit down.

Constant pressure from inflation means that the cost of living is now ten times higher than our parents’ generation, just one generation ago. Coins are from an era where you could get a huge mixed bag of lollies for just 10 cents.

Coins have no place in modern society.

Let’s look at some of the problems with coins. Do you like to lazily sip hot coffee on a Saturday morning whilst slowly relaxing with a newspaper, an empty plate beside you covered in crumbs from scrambled eggs on toast?

Have you ever then sprung up out of your chair like a Maasai warrior, leaping across the room in a wide-eyed state of panic screaming NOOOOOOOOOO!!! as your 1yo puts a $2 coin in their mouth to taste it before swallowing? Over 1700 children were admitted to Victorian public hospitals between 1987 and 1995 after ingesting a coin.

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