Flying Squid@lemmy.world to Microblog Memes@lemmy.worldEnglish · 24 hours agoSomeone please help me process this.lemmy.worldimagemessage-square33fedilinkarrow-up1201arrow-down113
arrow-up1188arrow-down1imageSomeone please help me process this.lemmy.worldFlying Squid@lemmy.world to Microblog Memes@lemmy.worldEnglish · 24 hours agomessage-square33fedilink
minus-squarehperrin@lemmy.worldlinkfedilinkEnglisharrow-up1·8 hours agoSure, but just because someone will pay $1,000 for Taylor Swift’s shit doesn’t mean it’s valuable.
minus-squareFlying Squid@lemmy.worldOPlinkfedilinkEnglisharrow-up6·5 hours agoIsn’t that how value works?
minus-squareluciferofastoralinkfedilinkEnglisharrow-up3·8 hours agoDepends on your metric of value. If someone will pay $1,000 for it, it’s worth at least that much to them.
minus-squarehperrin@lemmy.worldlinkfedilinkEnglisharrow-up2·7 hours agoIf I walk into a store and pay them $1,000 for a Snickers bar, I’m not a savvy investor, and that Snickers bar isn’t worth $1,000.
minus-squarejfrnz@lemm.eelinkfedilinkEnglisharrow-up2·54 minutes agoThat particular Snickers bar was briefly worth $1,000.
Sure, but just because someone will pay $1,000 for Taylor Swift’s shit doesn’t mean it’s valuable.
Isn’t that how value works?
Depends on your metric of value. If someone will pay $1,000 for it, it’s worth at least that much to them.
If I walk into a store and pay them $1,000 for a Snickers bar, I’m not a savvy investor, and that Snickers bar isn’t worth $1,000.
That particular Snickers bar was briefly worth $1,000.