How did players in games begin to value items in rare items, rather than the inflationary currency of the game?
The marketplace will figure it out, through trial and error.
We don't need a grand plan.
Discussion
Even if we don't need a grand plan, do you just refuse to even think about it? All I'm trying to do is think about what the future may hold, and I noticed that there's an overabundance of memes and stupid quotes and a lack of any kind of questions like this. I get it that it ruffles peoples feathers, but maybe that's an indicator that it should be discussed more.
It's not something that can be planned. You aren't ruffling feathers because you are asking a tough question that no one wants to consider, you are asking a question that just kinda demonstrates ignorance about how markets work. You have to figure out what you are willing to accept for your work & spend on the things you need based on whatever reference points you have, fiat price of bitcoin & what others are charging & what your costs might be. Translating prices to bitcoin is the combined job of everyone with bitcoin & everyone producing things that people want.
I will absolutely be the first one to admit I still have a ton of ignorance about how markets work. I only finally sat down about 2 months ago and began to properly study and try to understand Bitcoin, and economics for that matter. Like I said in my other reply to you, I think that the majority of discourse in the community has led me astray because it completely lacks practical substance.
Of course I get it that it's fun to hype and meme and shit. But I still couldn't help but feel confused and find a situation I really can't understand when I tried to think about things long term. Everyone just talks about the near term. Price fluctuations, the adoption beginning to ramp up, all the changes starting to happen this year. But the key things I was curious about, I could never find an answer for.
I think the majority of people despise the current system just as I do, but they do to such a degree that they aren't even willing to admit that what comes next must grow from it and be directly linked to in a way we can't avoid. It's not necessarily a bad thing, I think, it's just how things will happen.
You need to go back & read/listen to the basics. Start listenting to Bitcoin Audible. Guy covers monetary basics over & over. Saifedean's books are all great reads. Economics in One Lesson by Hazlitt is a good read & can be found free online or on youtube. There is a chapter in there on money & prices that might help a bunch. There are Bitcoin Audible episodes on Yield from Money Held & The Use of Knowledge in Society which should be illuminating. Consume as much as you can.
Thanks for the recommendations, I'll look these up.
I honestly believe you're overthinking something that no human in the world can figure out for themselves.
It requires the interaction of producers and consumers around the world, to figure out how products and services will be priced in #Bitcoin
It doesn't ruffle any feathers. You just can't plan for something like this. It's like asking in 1990 "What's the plan for distributing and valuing information on the internet in the future?".
I feel like that would've been a completely fair question for someone to wonder about in 1990. Being told "you're just overthinking" is to me more akin to saying "I don't know and I don't like to think about this so you shouldn't either". I'm not saying that's what you were doing, but I find it completely natural to question things and attempt to address ignorance and see what other perspectives are out there. The painful part is when people forget that not everyone has the same level of knowledge or perception as them.
I've gotten a lot of really useful replies and some recommendations of learning resources, so I feel like this post was productive.
I never tried to imply a plan was actually needed. I was just writing out my random thoughts.