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I don't think anybody is trying to explain the price difference between a $7 shirt and a $100 shirt as being the result of one having a larger supply than the o
by lottin 5y ago
I don't think anybody is trying to explain the price difference between a $7 shirt and a $100 shirt as being the result of one having a larger supply than the other.
- tshaddox 5y agoThat’s the most charitable interpretation I can make of the original comment: > "designer clothes, luxury watches, and fancy cars" all have understandable limits to production and have genuine scarcity (even if that scarcity is strictly controlled).
- lottin 5y agoIt doesn't say anything about prices... as far as I can see.
- tshaddox 5y agoThe entire thread is about buying and selling NFTs, so I think it’s fair to infer that we’re all talking about the merits of NFTs having a non-zero price.
- lottin 5y agoI don't think we have to infer anything. The comment you replied to was making a point about artificial scarcity.
- tshaddox 5y agoYes, and their point was in the context of a thread debating the merits of NFTs having non-zero price. The comment was claiming that the supposed "genuine scarcity" justifies the buying and selling of those physical goods.
- lottin 5y agoThe claim was that they would rather not buy anything that is being made scarce artificially, which is a perfectly reasonable position. You don't have to agree with this principle. But, again, this is bears no relationship to the question of why a t-shirt is worth $10 and another t-shirt is worth $5.