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| ▲ | magicalhippo 4 hours ago | parent | next [-] | | > Now, immediately after I have bought it, what's it worth? Is a buyer asking to buy it? If yes, whatever you sell it for. If no, then you really have no idea what it's worth now, all you know is it was worth 1B to you when you bought it. | |
| ▲ | satvikpendem 5 hours ago | parent | prev [-] | | What the next person would buy it for. Maybe you buy it for the memes but it doesn't mean another would afterwards. | | |
| ▲ | watutalkinbout 5 hours ago | parent [-] | | So if I bought it for the memes, the shop itself wasn't worth $1 billion. I could have bought bike shop, or an apple. That value wasn't associated with that specific item. It's an arbitrary choice. | | |
| ▲ | satvikpendem 5 hours ago | parent [-] | | It was actually, because value is defined as such. Why do you think buying something for the memes is worth less? Like what mechanism exactly makes it worth less? Seems like that's the fundamental misunderstanding you're having in your comments with others in this thread. | | |
| ▲ | watutalkinbout 5 hours ago | parent [-] | | I guess it depends on your definition. The issue is that buying something for the memes isnt worth less, it's 'what you are actually buying'?. If I arbitarily decide to buy an apple for $10 that I could have bought for $1, what did I actually buy with the $9. Publicity? Goodwill? I don't believe I only bought an apple, even from the person I bought it from. |
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