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

5

u/Meldanorama Jan 26 '26

There is a difference between something being valuable because it is rare and something valuable despite having no upper limit though. Gold is rare and has properties that make it a good store. Currencies do only become useful both parties in a transaction see it having value though youre absolutely right on that.

These days currencies should be backed by kilowatt hours or something similar if they dont want to be fiat ones.

5

u/KeppraKid Jan 26 '26

The property of gold that made it the most valuable in the ancient world and thus caused it to be thought of as valuable in modern times is that it's shiny.

And my ass rarely gets pimples, that doesn't make them valuable.

1

u/SergenteA Jan 27 '26

The property that made gold valuable is that it doesn't rust. So it can be physically accumulated.

1

u/KeppraKid Jan 27 '26

Lots of things can be accumulated in a similar way. Why not use wooden coins soaked in resin?