However, it is also sometimes used ironically when expressing a strongly held opinion. The phrase is also sometimes used out of habit to preface uncontentious opinions. That hat is ugly.
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Another example would be: The earliest reference to an analog of "two cents" appears in the lesson of the widow's mite in both the Gospel of Mark and the Gospel of Luke. In the biblical episode, several wealthy temple patrons donate large sums of money, but an extremely poor widow places just two small coins, i.
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She finds greater favor with Jesus than do the wealthy patrons, seeing that the widow gave all of her money to the Temple in Jerusalem while the wealthy patrons made little investment, leaving much money for themselves. Some believe that the phrase originates in betting card games, such as poker. In these games, one must make a small bet, or ante , before beginning play.
The pump quickly turned to dump — a regular cycle in cryptocurrency — and ADA drifted painfully downwards. With my very first trade I was that most maligned of crypto trader noob — the top-buyer. Let loose in this cyber-cash chocolate factory, I browsed further. If bitcoin is the Atari of internet money — a slow, first-generation technology with heavy fees — then the faster and cheaper ethereum and litecoin are its ZX Spectrums, and the crypto community is jostling to discover the third-gen PlayStation, with each new alt-coin designed for an innovative purpose.
How I fell for the blockchain gold rush | Technology | The Guardian
Due diligence is key: Most intriguing was a five-center called verge or XVG , tipped by McAfee as the next big privacy coin. Several years in development, verge was created by a team of volunteers led by head developer Justin Vendetta and were promising the imminent release of Wraith Protocol, a means by which users can make a transaction with verge either public or untraceable at the flick of a switch.
You could pay your gas bill and run a Mexican drug cartel with the same currency.
Verge was already a phenomenon. Graph readers were suggesting the release of Wraith would shoot the value to 70 cents or more.
I found myself obsessed, constantly monitoring Twitter, waking in the night to check coin tracking apps. Pundits were hailing verge as a game-changer, the next bitcoin.
In this unprecedented hype, there was clearly unprecedented money to be made. Until , the cent coin was a large copper piece , containing about its face value in metal. These coins were unpopular, and in , after receiving congressional approval, the Mint began issuing the Flying Eagle cent , of the diameter of the later Lincoln cent , but somewhat thicker and made of copper-nickel alloy. This happened because many Northerners feared that if the war went poorly, paper money and government bonds might become worthless.
Two-cent piece (United States)
The gap was filled by, among other things, private token issues, sometimes in copper-nickel approximating the size of the cent, but often thinner pieces in bronze. This fact did not escape government officials, and when, in , they attempted to restore coins to circulation, the use of bronze coins, which would not contain their face values in metal, was considered. He proposed that the copper-nickel cent be replaced with a bronze piece of the same size. Chase , proposing a bronze cent and two-cent piece, and enclosing pattern coins of the two-cent piece that he had had prepared.
Fessenden , chairman of the Senate Finance Committee. Fessenden took no immediate action, and on March 16, Pollock wrote again to Chase, warning that the Mint was going to run out of nickel, much of which was imported. Chase forwarded his letter to Fessenden. The domestic supply of nickel was at that time produced by a mine at Gap, Pennsylvania , owned by industrialist Joseph Wharton.
It was opposed by Pennsylvania's Thaddeus Stevens , who represented the mining area from which Wharton extracted his nickel.
My two cents
He was rebutted by Iowa Congressman John A. Kasson , chairman of the House Committee on Coinage, Weights, and Measures , who stated that the bronze alloy did not resemble brass, and he could not support the proposition that the government is bound to purchase from a supplier because he has spent money in anticipation of sales. The legislation made base metal coins legal tender for the first time: In late , the Reverend Mark R. And on that with the shield, it should be changed so as to read: As the mottoes to be placed on coinage were prescribed by the act, a legislative change was needed.
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The act which created the two-cent piece authorized the Mint Director, with the Secretary of the Treasury's approval, to prescribe the designs and mottoes to be used. The motto was popularized by the new coin; on March 3, Congress passed legislation ordering its use on all coins large enough to permit it. The laurel branches, taken from Greek tradition, symbolize victory. The rest of the coin is filled with the name of the country.
Art historian Cornelius Vermeule deemed the two-cent piece "the most Gothic and the most expressive of the Civil War" of all American coins. A few thousand of the first circulation strikes, as well as a handful of proof coins , came from a prototype die with smaller letters in the motto than all other pieces. The two-cent piece was at first a success, circulating freely once enough of them were issued to be recognized by the public.
Although Pollock reported hoarding of cents in his June report, he did not thereafter mention such activities. Silver coins still did not circulate in much of the nation, and the new coins joined by the three- and five-cent pieces of copper-nickel, first struck in and respectively answered the need for small change. After the large mintage of just under twenty million in the first year, according to numismatist Q.
David Bowers , "enthusiasm and public acceptance waned".