This quote essentially means that flattery, or the act of giving excessive compliments, is a form of false currency. It only holds value because of our vanity, or our excessive pride in and attention to our own appearance, qualities, abilities, and achievements. The term ‘base coin’ refers to a coin that is not made of valuable material and therefore holds little intrinsic value. It is a counterfeit, much like flattery, which is not genuine praise but a form of manipulation.
The term ‘current’ is used here as a metaphor for being accepted or circulated. So, the quote is saying that flattery is only accepted because of our vanity. We like to hear good things about ourselves, even if they are not entirely true or are exaggerated. We allow this ‘base coin’ of flattery to be ‘current’ or to circulate because it feeds our vanity.
In today’s world, this idea is incredibly relevant. Social media, for instance, is a platform where flattery is often used as a currency. Likes, comments, and shares can all be seen as forms of flattery that are ‘current’ because they feed our vanity. They make us feel good about ourselves, even if they are not based on genuine appreciation.
In terms of personal development, understanding this quote can help us become more discerning about the compliments we receive. It encourages us to seek genuine feedback and criticism, rather than just accepting flattery. It also prompts us to question our own use of flattery. Are we using it as a ‘base coin’ to manipulate others and get what we want? Or are we offering genuine praise and appreciation?
Moreover, it urges us to examine our vanity and the value we place on external validation. It reminds us that self-worth should not be based on the flattery we receive from others, but on our intrinsic values and accomplishments.