3 ms·
Can’t buyers decide for themselves the value of something?
by jaredklewis 3y ago
Can’t buyers decide for themselves the value of something?
- jakupovic 3y agoNot on hacker news! Herre the group think only allows for things that everyone agrees on and some are completely non-grata, like BTC, which none, supposedly, like. Let me translate, i have tried to evoke the same argument and "lost" saying the value is what we assign to anything (BTC)
- thatguy0900 3y agoTo some degree, but if something is 100$ worth of parts and 500$ worth of labor it's hard to argue it's actually intrinsically worth 30000$, even if that's what you're willing to pay.
- hnfong 3y agoNot if there's a "moat". Which could be unique expertise in making the thing, or through some government enforced monopoly like trademarks (i.e. "brand") or copyrights.