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1. Alex Gleason (alex@gleasonator.com)'s status on Tuesday, 14-Dec-2021 12:13:31 JST Alex Gleason

   This is incredibly fucking stupid. https://www.bbc.com/news/technology-59638565

   • バツ子（痛いの痛いの飛んでけ;; (shmibs@tomo.airen-no-jikken.icu)'s status on Tuesday, 14-Dec-2021 12:13:25 JST バツ子（痛いの痛いの飛んでけ;;

     in reply to

     • lain
     @lain @alex (marketing theory of value
   • Alex Gleason (alex@gleasonator.com)'s status on Tuesday, 14-Dec-2021 12:13:27 JST Alex Gleason

     in reply to

     • lain

     @lain I thought about it before replying. Yeah, this price is more than the life work of the majority of human beings. But I understand it’s also a different game, and it doesn’t necessarily take anything away.

     But it’s still extremely fucking stupid. I can’t get over it. Ted Kaczynski was right. People are just bored and coping through NFTs.

   • lain (lain@lain.com)'s status on Tuesday, 14-Dec-2021 12:13:27 JST lain

     in reply to
     @alex alright I gotta send you that Hazlitt book
   • lain (lain@lain.com)'s status on Tuesday, 14-Dec-2021 12:13:29 JST lain

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     @alex didn't think you'd be a labor theory of value type of guy
   • Alex Gleason (alex@gleasonator.com)'s status on Tuesday, 14-Dec-2021 12:13:30 JST Alex Gleason

     in reply to

     • lain

     @lain I’ve made stupid mistakes with crypto. I accidentally sent $500 to fake Elon Musk. But a jpeg of a monkey is not worth $300,000.

   • lain (lain@lain.com)'s status on Tuesday, 14-Dec-2021 12:13:31 JST lain

     in reply to
     @alex just early days. there'll be insurance / proper transaction rules for all of this stuff.
   • バツ子（痛いの痛いの飛んでけ;; (shmibs@tomo.airen-no-jikken.icu)'s status on Tuesday, 14-Dec-2021 12:35:24 JST バツ子（痛いの痛いの飛んでけ;;

     in reply to

     • lain
     @lain @alex nö (money makes my brain hurtought to?
   • lain (lain@lain.com)'s status on Tuesday, 14-Dec-2021 12:35:25 JST lain

     in reply to

     • バツ子（痛いの痛いの飛んでけ;;
     @shmibs @alex have you read "the affluent society"?
   • バツ子（痛いの痛いの飛んでけ;; (shmibs@tomo.airen-no-jikken.icu)'s status on Tuesday, 14-Dec-2021 12:57:01 JST バツ子（痛いの痛いの飛んでけ;;

     in reply to

     • lain
     @lain @alex seems to be shpiel on "company creates its own value" brand-loyalty stuff?as for here, i guess mostly just object to the "real market price for something" idea. the whole market of people who might buy a thing will never see it at one time, always a potentially shifting subset, but also person A's valuation of a thing is to some extent (more or less depending on the person but) influenced by what others say about it, and A's influence network subset is also shifting potentially independently from the market subset, such that the person's end valuation is somewhat dependent on influences outside the market itself? or something like that, dunno, bad at this stuffi guess that's just stating the obvious in a round-about way (people value things because i've heard the name before, because my daughter made it for me, because i made it myself!, because i owned one before from that company, because he said it's a good deal, because i'm really hungry right now etc, and A's valuation differing from nominal price on market subset B doesn't mean A is wrong and so on
   • lain (lain@lain.com)'s status on Tuesday, 14-Dec-2021 12:57:03 JST lain

     in reply to

     • バツ子（痛いの痛いの飛んでけ;;
     @shmibs @alex I would say no but I suspect you would say yes
   • バツ子（痛いの痛いの飛んでけ;; (shmibs@tomo.airen-no-jikken.icu)'s status on Tuesday, 14-Dec-2021 13:15:13 JST バツ子（痛いの痛いの飛んでけ;;

     in reply to

     • lain
     @lain @alex don't know about morality, but more like market value is a product of a subset of individual valuations rather than the reverse, and so "that's dumb; it's not worth that much; it's imprudent to buy a thing at such a price; it's really worth 6 orders of magnitude less currency" is not incorrect even if the thing is sold at the high price point. the thing was valued at the high price point to the one person who bought it at that point point in time and valued differently by other people who didn't buy it, and the valuation of those other people is not less correct
   • lain (lain@lain.com)'s status on Tuesday, 14-Dec-2021 13:15:14 JST lain

     in reply to

     • バツ子（痛いの痛いの飛んでけ;;
     @shmibs @alex now I understand what you mean. The market price of a good is indeed just that, the different ordinal subjective valuations that people have for a good, turned into a cardinal unit of calculation. They don't mean anything moral though, prices aren't "wrong" or "right", and they don't imply that something is "worth" more or less in a moral sense.
   • バツ子（痛いの痛いの飛んでけ;; (shmibs@tomo.airen-no-jikken.icu)'s status on Tuesday, 14-Dec-2021 13:17:26 JST バツ子（痛いの痛いの飛んでけ;;

     in reply to

     • lain
     • バツ子（痛いの痛いの飛んでけ;;
     @lain sorry, really don't have the vocabulary etc for this discussion, so probably saying dumb
   • バツ子（痛いの痛いの飛んでけ;; (shmibs@tomo.airen-no-jikken.icu)'s status on Tuesday, 14-Dec-2021 13:31:24 JST バツ子（痛いの痛いの飛んでけ;;

     in reply to

     • lain
     @lain those two are the same thing, i think. isn't a "real" value out there somewhere, only lots of subjective values, and when people project their own subjective values they influence other people and so on♞ < i am angry. about STRONG EMERGENCE
   • lain (lain@lain.com)'s status on Tuesday, 14-Dec-2021 13:31:26 JST lain

     in reply to

     • バツ子（痛いの痛いの飛んでけ;;
     @shmibs @alex that's true, but that's the difference between "that's not worth 300k" and "I'd never buy it for that price and I don't understand why anyone would". I think the word "worth" packs in too much.