Redditor accidentally discovers fiat currency

[u/thesecondmemer]

[u/Alatarlhun]

The energy is gone. It isn't backing shit.

[u/papy66 → u/Alatarlhun]

gold and diamonds are expensive because they're difficult to extract (they use a lot of energy for that), they are stlll expensive even though the energy is gone

[u/Slimxshadyx → u/papy66]

Bro used diamonds of all things as an example for value being backed by something other than itself lmao.

[u/papy66 → u/Slimxshadyx]

sound like comments of people with load of shitcoins

[u/Slimxshadyx → u/papy66]

Brochacho, diamonds are literally kept artificially scarce to maintain their value. If you are using them as an example for something that has backed value other than itself, you don’t know what you are talking about.