That coin is clever because some people would rather keep the coin and the coin probably costs less to make than the Big Mac.
Except that Big Mac is the worst beef burger McD has.
So to me the value is negative. I will pay to not eat it.
You don’t have to eat it, just like you didn’t have to exchange your money for gold.
The dollar is backed by being able to exchange it for not going to prison for tax dodging
BitCoin? 🤚🙂↔️
Big Mac Coin? ️☝🙂↕️️
Given the existance of The Big Mac Index, which seeks to compare global currencies and their respective buying power, this is actually fascinating.
Interestingly, Taiwan has one of the lowest big Mac prices but that doesn’t really correlate with their purchasing power
Honestly, even more fascinating. …why???
Demand theory of value
The McDonald’s corporation is probably more stable than the US treasury at this point in time.
Why do people assume gold has intrinsic value? I just saw today they were freaking out about how much gold is fluctuating, it is just as imaginary as the dollar.
Technically the Big Mac does provide some form of intrinsic value in the form of food for the homless. but for the average person it would actually give them more value to take the big mac away so it has sorta a negative value, negative intrinsic value, I think I just invented that.
This comment actually made me think and look it up. I never thought about this. Why is gold valuable?
Yeah you were basically right. Because societies decided it would be. I mean gold has some practical applications but nothing that would justify it’s price.
First link I found says this:
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Gold’s value is ultimately a social c- onstruction; its worth is sustained by ourcollective agreement about its importance and our belief in its future value.
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Gold’s physical properties—its lustrous quality, relative scarcity, durability, and difficulty of extraction—reinforce and justify its perceived value.
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Unlike other precious metals, gold strikes a balance of being rare enough to be precious but abundant enough to serve as a practical medium of exchange.
So I guess rare enough yet abundand enough and durable enough.
Wild tbh
That’s a bit light on the “balance” many metals are precious and fairly rare, their physical characteristics like being poisonous, being visually indistinguishable from various cheap metals or malleable to the degree they will wear out as a coin are some issues.
Now look up conspiracy theorists who are obsessed with gold standard and its abandonment.
Btw, we just transmuted our first gold just recently.
Planet money had great episode on this topic if you’re interested https://www.npr.org/2024/05/15/1197959089/-price-of-gold-periodic-table-elements
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Even so, in a scenario where all the currencies fall apart, Gold and Silver are very probable to become the basis of wealth.
Nowadays, stuff like SiIicon and Copper are pretty high value (and similarly, Germanium), but they really depend a lot upon hard to measure purity which goes with high-technology.
So Gold and Silver, which are easier to determine with lower technology (unless someone uses high-technology to spoof them) and also easier to make into useful products, will tend to hold intrinsic value.Value of iron and others, break down due to abundance, while steel depends upon technology and expertise.
if they plastic it’s only a matter of time before someone starts counterfeiting.
It wouldn’t even need to be all that good. It’s being exchanged by a minimum wage teenage employee, whom I PROMISE YOU does not give a shit.
I’ve seen people spend that hollywood prop money at mcdonalds. The kind that says “this is not valid currency” printed in decent size text.
So the counterfit doesn’t need to be exact.
Shortly after Donnie finds out…
Donald J. Trump @realDonaldTrump
The RADICAL LEFT wants you to eat bugs and kale. NOT ON MY WATCH! We are building a massive reserve of Big Mac Coins. High quality, high VALUE! I met with the Hamburglar—great guy, very misunderstood—and he agrees: the Mac Coin is going to the MOON! Crypto is fine, but you can’t eat a Bitcoin! A total disaster for SLEEPY JOE, but a HUGE WIN for your stomach! 🇺🇸🍔💰 🇺🇸#BigMacStandard #FastFoodFinancials
Far too coherent, this was definitely written by an intern not DJT himself. ;-)
Not NEARLY enough ALL CAPS
Lol, corrected!
How is the USD stacking up versus the Big Mac coin.
The golden arches standard
Bout fucking time
You know, if you were someone who eats there frequently, Big Mac coin forgery might actually be a profitable endeavor…
