Fair point. Is this how pricing is actually determined within established Bitcoin communities? That’s what I’m wondering
Discussion
Ad hoc. P2P. Case by case. Whatever the traffic will bear. There is no standard.
That may be frustrating to hear, but there is no formula for equating one's own instance with somebody else's other than free market trading.
Fiat money sometimes handles this by having cost of living adjustments, wage and price controls, etc., but those are just lies that the public accepts until they don't.
Again, Bitcoin is just a payment protocol. It doesn't have any way to judge how much you should get.
Not frustrating at all. Cool, if anything.
Is your answer theoretical or do you you live in a circular Bitcoin community?