On our walk today Elliott was asking why things are priced the way they are. We went from supply/demand, scarcity, money printing, inflation + cantillon effects, all the way to marginal theory.
Marginalism blew his mind (how someone might pay $1000 for a bottle of water if they were in a desert).
Bitcoin maxi in the making 😅
I don't know the last 2 😅
Thats all well and good, but you cant honestly tell me you can look at the price of a computerchip (i dont care which one, any cluster of however many gazillion transistors will do, like a cheap Texas Instruments one), and have it make sense to you when you compare to the price of a cupcake or a pair of socks.
Any kneejerk reaction going on in your head right now grasping at economies of scale, value density, expiration or whatever is cope imo. Il maintain this is incomprehensible black magic, probably a trick
I remember that discussion with my Dad when I was 6 after he exchanged money out of my brother's piggy bank for a church offering.
I stumped him when I asked why they don't just print more money rather than have us pay taxes.
It was at this point when I realized our monetary system was a scam.
Elliott's friends will have lollies that they bought with their dollars. Elliott will have nothing because you can't buy any with Bitcoin.
