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submitted 1 year ago by kaptaan_jack@lemmy.ml to c/memes@lemmy.ml
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[-] JohnDClay@sh.itjust.works 6 points 1 year ago

Gold has some value from use in corrosion resistant cables, contacts, or telescopes, but it's mostly just an agreed upon store of value like any other currency

[-] explodicle@local106.com 2 points 1 year ago

So it is worth something then.

[-] JohnDClay@sh.itjust.works 3 points 1 year ago

I mean usd cash can be used for fire kindling. Both get the vast majority of their value from our collective decision to think that they are valuable.

[-] explodicle@local106.com 2 points 1 year ago

That's a quality of the paper it's printed on, regardless of denomination.

this post was submitted on 19 Jul 2023
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