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Bobux Rule (i.postimg.cc)
submitted 1 year ago by sag@lemm.ee to c/196@lemmy.blahaj.zone
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[-] smollittlefrog 26 points 1 year ago

The point of the comment is to point out the common misconception that the value of one [token of a currency] has anything to do with the strength of a currency. As described in the comment, the value of a singular token of a currency can be chosen arbitrarily.

This, of course, doesn't mean the map is factually incorrect.

[-] azertyfun@sh.itjust.works 8 points 1 year ago

But the value of a unit of currency being unrelated to the currency's strength had nothing to do with whether that currency has cents or not. That comment just used the wrong explanation to make a correct point.

Also the map isn't entirely useless, because what it does illustrate is currencies which likely suffered from high or hyper-inflation in the past (or are very old). Obviously, no government first issues a currency and says "... and so one loaf of bread is 10000 schmeckles". That's just impractical.

Of course this doesn't mean that then Japanese Yen is a bad currency, but it does make for an interesting historical point.

This, I don't think the map is incorrect, for me it would be more interesting to compare people's wealth than the arbitrary value of a token

this post was submitted on 18 Oct 2023
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