Part of currency's value derives from social consensus that the 'thing' is of value in general to everyone.. 'USB C' why you obsessing over a bunch of wires ma

Part of currency's value derives from social consensus that the 'thing' is of value in general to everyone.. 'USB C' why you obsessing over a bunch of wires man, who cares...? The value is of the consensus.. The value of facebook is not it's software. It is it's user base. If you can point me in the direction of a better metal that is as widely accepted across all countries as a store of value, I would be happy to learn about it... Valuable things are equally valuable when things go south.. a home, jewelry, nice things don't suddenly lose value.. for example, your family may not have enough to eat but a guy next door that has too much food that's going to rot will happily trade with you, because he needs to buy a bunch of stuff from someone and that other guy will probably not take payment in food but may trade it with gold... You need social consensus of value and there is a very real need to be able to abstract value into 'x' valuable thing. So you can freely buy and sell without having to worry about if the guy will accept/need what you want to give him.. Gold sucks in being able to make precise payments and swings madly in value relative to currency, that's why it's only insurance for things going super south..