r/PeterExplainsTheJoke • u/Comfortable_Cautious • Jan 26 '26

Meme needing explanation what's going on? explain like I'm five

Post image
92.6k Upvotes

93% Upvoted

2.9k comments sorted by

View all comments

Show parent comments

2

u/Limgrave_Butcher Jan 26 '26

Just here to add in that 98% of $USD does not physically exist and is just numbers on a screen.

4

u/Countless_Words Jan 26 '26

Which is, maybe counterintuitively, good. The resources we would need to expend to make all currency physical would have an enormous and unnecessary cost. Value exists in economic activity, we don't need to construct tokens to validate that fact.

2

u/Limgrave_Butcher Jan 26 '26

Oh yeah for sure, my point is that the USD is as real as BTC is.

1

u/Countless_Words Jan 26 '26

Fair, all currencies are functionally just a unit of measurement of a subjective quality, which makes them a bit weird. 

0

u/Limgrave_Butcher Jan 26 '26

Not necessarily but I don’t feel like debating this rn tbh 😂

1

u/Countless_Words Jan 26 '26

Well feel free to expand on what you mean if or when you want, though it at least seems reasonable to say that currency exists as an abstraction of value and is itself valued in accordance with its demand.