3 ms·
>The 'market finds the price' approach doesn't work if everyone involved including the manufacturers are all looking to drive the price up for their own profit,
by dontbenebby 4y ago
>The 'market finds the price' approach doesn't work if everyone involved including the manufacturers are all looking to drive the price up for their own profit, which is what happened.
Agreed. Folks want to focus on one variable (the MSRP) -- with the idea "the market" will adjust that variable, but "the market" is not a healthy one -- if people are buying a bunch of GPUs to create an electronic currency that is less private than cash, then using it for a host of illegal activity you can do... with cash... and in the process distorting the market for scientific equipment (as the one parent hinted at with their comment about "just" doing machine learning) then only changing one variable (the MSRP) isn't the appropriate solution.
But you get people who would scoff at the idea of an invisible man in the sky having near religious meltdowns if you tell them there's also no invisible hand in the market :-)