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You use the word "value" in this comment to mean something different than the market price, but the definition isn't obvious to me. Maybe it's your personal val
by chillacy 5y ago
You use the word "value" in this comment to mean something different than the market price, but the definition isn't obvious to me. Maybe it's your personal values?
- imtringued 5y agoIt's called utility and it's the reason why we buy anything.
- chillacy 5y ago> it's the reason why we buy anything You say it's 'the reason' which I'm not sure means 'the only reason' or 'a reason'. If it's the former: How will crypto, let alone any collectable or sentimental item fit into this framework? If it's the later, then yes, but utility varies by recipient and then there are other factors which play into price, especially in the short term.
- 0x008 5y agoWhat's the utility of paper money?