this post was submitted on 02 Jun 2024
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At current exchange rates, about 0.000029. That's going to vary slightly from day to day, in much the same way that the price in Euros, or Japanese Yen will vary if the price is in USD, because currency valuations fluctuate comparatively.
I remember a time the GBP was worth about $2.50 US; it's currently more like $1.30 US. Euros used to be worth considerably more than US dollars, but it's very near parity right now.
As I said, money is an abstraction, it's not a real thing. European labor didn't used to be more valuable than American labor, and now it's worth the same. The abstraction that money is has drifted farther away from the reality that it's supposed to reflect over time.
Everything is an abstraction. A cat is an abstraction. There's no cat, only an animal living in your apartment that looks like other similar animals.
What makes this money fake you'd ask? Probably because you cannot buy lettuce for it. Only illegal stuff, money, other fake money and, in some places, you can buy a hotel room for a few nights. Idk, crypto looks more like a commodity than currency to me.
...But you absolutely can buy lettuce with it. You just have to find someone that will accept that particular currency. Are you seriously going to argue that Canadian currency isn't real money just because I can't buy produce in the US at most stores using Canadian loonies or toonies? And you can use American currency very, very easily to buy illegal stuff; pretty much every in-person drug dealer in the US accepts folding cash. (They just don't take credit cards, PayPal, Venmo, etc. because that's easily traced.)
Edit: a physical cat is not an abstraction. A physical, individual cat is the thing itself. The abstraction is the concept of "cat"; when you think "cat" as a concept, you aren't thinking about a specific, individual animal, but of a concept that defines 'catness'; it probably has fur, whisker, pointy ears, a tail, etc., even though an individual cat may not have any of these things.
Well, I can find a nerd who would sell me some lettuce for Nintendo Switch. Does it make Nintendo Switch a currency? Nope. With Canadian dimes I guess I can go to any shop in Canada and buy it, which makes it a valid currency in Canada. What you are right about, is that almost every currency is regional.
Oh thanks, if they allow me to the US I'd probably make use of this information.
Fuck Kant. As you mentioned, cat is definited through catness, but catness is defined through cats, hence a cat abstracts all cats. Unless you think of all other cats, your physical cat is a cloud of atoms