Much more importantly, we’re figuring out how to do it while being, for lack of a better word, honorable. I spent countless hours last week talking with many of these people, some of whom I’ve never spoken to before, about how we grow as a company. I am insanely lucky to work with some of the best developers, sysadmins, designers, managers, marketers, sales, and all of the people who support that in the world. I’m coming up on 6 years of my life spent building what I consider to be the best resource developers have ever had. It’s also a great reminder of why we do what we do and how we go farther when we work together. Our meetup is an awesome time for remote employees like me because I get to see people I’ve never met in person before and discuss ideas. Why We Make Moneyįor a little more context on the timing of this post: I’m the architecture lead for Stack Overflow, and I’m writing this just after our annual company meetup. That extends to normally sticky situations like finances, and it’s why we’ve created projects like the Stack Overflow Salary Calculator to make our salary processes transparent. I want to do this now not only to answer this frequently asked question, but because it’s my and Stack Overflow’s belief that being relentlessly open and honest with our community can be nothing but good. What I haven’t explained yet, and what remains a mystery to most developers I meet, is how we make money. Strap ColorĪs shown in the above table, there are 100 bills in each strap but only 10 straps in each bundle.I’m Nick Craver, and you may remember me from my posts about how Stack Overflow does deployment, how we do hardware, and how we built our architecture. Currency straps have even helped catch the culprits in bank robberies, like the Dunbar Armored Robbery in 1997, after one of the culprits decided to pay a real estate broker with a still-strapped bundle of notes.ĪBA Standard (United States) A stack of $100 Federal Reserve Notes in $10,000 straps. Straps were visually inspected and weighed against a counterweight equal to the paper mass of 100 genuine U.S. To help the Currency Counting staff keep up, the Bank began strap-sorting the $1 to $20 notes. However, as the amount of currency in circulation increased, they found that they needed a more efficient way to count currency. That is, they employed 55 currency counters whose job it was to count as well as, by touch and feel, authenticate bills. For example, until the mid-1970s, The US Federal Reserve counted bills by hand. However, measured and standardized straps are a relatively new idea. History A simple homemade currency strap holding 80 $1 bills, made from a loop of paper secured with sellotapeīundling money together with a simple elastic or paper device is as old as paper currency itself. Special striped bands are used for straps exclusively containing star notes. The colors allow for quick accounting, even when the bills are stacked, such as in a vault. Note that all bills greater than $2 only come in straps of 100 count. In the United States, the American Bankers Association (ABA) has a standard for both value and color. ( December 2010) ( Learn how and when to remove this template message)Ī stack of 100 United States $2 bills, secured with a green banknote strap indicating the denomination and total amount in the stack.Ī currency card, currency band, money band, banknote strap or bill strap is a simple paper device designed to hold a specific denomination and number of banknotes. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate. The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject.
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