this post was submitted on 18 Oct 2023
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[–] programmer_belch@lemmy.dbzer0.com 71 points 11 months ago (3 children)

This map is somewhay misleading, some countries use currency without decimals, making their currency worth effectively less. Take for example the euro, a cent (a one hundredth of an euro) is cerntainly worth less than a robux while an euro isn't. The same comparison with the japanese yen (efectively a cent) shows that robux is more valuable. The map should be how many robux can you buy with the minimum wage for example.

[–] M500@lemmy.ml 27 points 11 months ago (2 children)

Yeah this doesn’t make any sense. In fact by their logic it’s wrong. A robuck is worth more than a US penny.

I’m guessing they’re basing it on the smallest paper denomination, but that still doesn’t really make much sense to do.

[–] Devorlon@lemmy.zip 9 points 11 months ago (1 children)

It wouldn't be the smallest paper denomination, IIRC the Euro and Pound don't have single notes in circulation anymore.

[–] Ilovethebomb@lemm.ee 4 points 11 months ago

The smallest New Zealand dollar note is a $5, anything less is coins.

[–] Ilovethebomb@lemm.ee 6 points 11 months ago (1 children)

The US does not use the penny as their currency, they use the dollar. A penny is a fraction of a dollar.

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[–] Ilovethebomb@lemm.ee 9 points 11 months ago (1 children)

Because the EU doesn't use the cent, they use the Euro. A cent is a fraction of a euro.

The Yen is like that because they had hyperinflation for a while.

This comment really doesn't make sense.

[–] smollittlefrog@lemdro.id 18 points 11 months ago (1 children)

The point of the comment is to point out the common misconception that the value of one [token of a currency] has anything to do with the strength of a currency. As described in the comment, the value of a singular token of a currency can be chosen arbitrarily.

This, of course, doesn't mean the map is factually incorrect.

[–] programmer_belch@lemmy.dbzer0.com 2 points 11 months ago

This, I don't think the map is incorrect, for me it would be more interesting to compare people's wealth than the arbitrary value of a token

[–] Rodeo@lemmy.ca 3 points 11 months ago

Because this map uses the nominal currency, obviously.

Cents are not the nominal currency of Europe; euros are the nominal currency, and cents are a fraction of that nominal currency.

[–] JizzmasterD@lemmy.ca 4 points 11 months ago

« The Gambia »

[–] spark947@lemm.ee 2 points 11 months ago

It helps their page, even though I saw it on blahaj.

[–] jabberati@social.anoxinon.de 0 points 11 months ago (1 children)

In the game I will create this afternoon, a JAB can be bought and sold for 1.25 USD, making it the more powerful currency than the US dollar.

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