While a big mac has intrinsic value, the value of the coin is based on trusting McD honouring the agreement. Will they still accept the coins 10 years from now when they have forgotten they were issued? Will they be sued out of existence after their meat substitute mushroom burger left in the sun for too long comes alive an eats 9 customers and and a minivan?
The value of the dollar is based on trusting the US central bank and/or governmemt to be responsible enough.
While you should not blindly trust either McD or the government, the latter has a longer track record, even though they seem like they are going to eat a metaphorical minivan soon.
While a big mac has intrinsic value, the value of the coin is based on trusting McD honouring the agreement. Will they still accept the coins 10 years from now when they have forgotten they were issued? Will they be sued out of existence after their meat substitute mushroom burger left in the sun for too long comes alive an eats 9 customers and and a minivan?
The value of the dollar is based on trusting the US central bank and/or governmemt to be responsible enough.
While you should not blindly trust either McD or the government, the latter has a longer track record, even though they seem like they are going to eat a metaphorical minivan soon.