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Are these contract prices really "per onion"? Or are they actually per pound or per kg? Up to $9.39 seems very expensive if it's really the price for a single o
by Reason077 7d ago
Are these contract prices really "per onion"? Or are they actually per pound or per kg? Up to $9.39 seems very expensive if it's really the price for a single onion.
I thought maybe they're some sort of special exotic onion variety, but I don't see anything to suggest that.
- a11ce 7d agoThey are per (normal (sometimes organic) yellow) onion. Prices vary. (It's primarily a novelty/art thing. But I do actually deliver the onions.)
- viccis 7d ago[flagged]
- kolinko 7d agoLove it, reminds me of early days of crypto. How do you decide upon a price?
- conorcleary 7d agothe pizza to onion ratio of course
- a11ce 7d agoI don't want to give too many details, but I will say if you graph prices over time it looks a lot like a market price. Maybe I should add a price history page to demonstrate that it's not noise...
- mhh__ 7d agoAll you need to do is quite a price that isn't vulnerable to arbitrage. As a dealer you should then charge a spread atop of that to cover make a profit after costs and adverse selection (even if trading was free you should charge a spread to protect you against informed traders)