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
289 points (86.2% liked)
memes
10322 readers
2495 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to !politicalmemes@lemmy.world
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
Sister communities
- !tenforward@lemmy.world : Star Trek memes, chat and shitposts
- !lemmyshitpost@lemmy.world : Lemmy Shitposts, anything and everything goes.
- !linuxmemes@lemmy.world : Linux themed memes
- !comicstrips@lemmy.world : for those who love comic stories.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They can spend the same amount of money, but at any moment the one with 100s has more money. If you have 2 people each picking up 1 bill at the same rate at any singular moment the person picking up the 100s will have more money.
Since we're talking about a material object like dollar bills and not a concept like money we have to take into consideration it's utility and have to keep in mind the actual depositing and spending would be at any individual moment. The person with 100s would have a much easier/quicker time using the money therefore the 100s have more utility.
We're definitely not talking about this like a material object at the same time, though. There's no way for a single person to store and access an infinite pile of bills.
You can spend a 100 dollar bill faster than a 1 dollar bill, sure, but both stacks would have the same money in the bank.
Except you're given an infinite amount of bills, not money in the bank. So even when moving the money to the bank you'd be able to access it quicker with the 100s