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nathiastoday at 7:20 AM1 replyview on HN

I think it's a fundemental misunderstanding of value. Things are useful regardless of their price, the price is speculative but if there is a cost producing something (from earth, the mind or AI) the price will not be zero. Scarcity is the basis of value only for things that have no other utility and cost, for example some crypto made just for pump and dump.


Replies

simianwordstoday at 7:51 AM

What about land which has high value because of its scarcity?