Joseph A. Nagy, Jr. on Nostr: Prices aren't a ratio. They're a reflection of what the seller will let an item go ...
Prices aren't a ratio. They're a reflection of what the seller will let an item go for and what a buyer will pay to purchase the item. They have very little to do with the cost of production (while those costs must be taken into account, it's only a small part of the price).
Published at
2024-08-06 19:18:02Event JSON
{
"id": "c572edda10c96a6ad75f35e1e6e46063f2222b7a2f4c77d96fcdea7838b3bb3a",
"pubkey": "bf8978057e54ff3d62c80230ee44bdb44b3a33cbd263b14062d4a52e30135c86",
"created_at": 1722971882,
"kind": 1,
"tags": [
[
"p",
"1e0fb022aa4c20c86c7313e70ec98b1f0e45ae8055ab530b52c1dc6ec7e7bd66"
],
[
"p",
"b9360cd808b24ecbfd03575f3d637b1e62ca9fea415ac67b6c5b11ef15f28d06"
],
[
"p",
"4c800257a588a82849d049817c2bdaad984b25a45ad9f6dad66e47d3b47e3b2f",
"wss://relay.nostr.bg"
],
[
"e",
"dc7ef510aa7573973b41d9f7794b5a106ce03a1b54bad184ff789b75b6b4d667",
"wss://nostr.lu.ke",
"root"
],
[
"e",
"d70e0b187bc8372bbadcdf1e9b50837382f20ec74411df45259594afce400658",
"wss://relay.nostr.band",
"reply"
]
],
"content": "Prices aren't a ratio. They're a reflection of what the seller will let an item go for and what a buyer will pay to purchase the item. They have very little to do with the cost of production (while those costs must be taken into account, it's only a small part of the price).",
"sig": "f5bde59b53da118bdaa9578c530b9eae0b95bb027f2fbde979be99c08f350216f96971829d944ac061bf6c6ffc82d770451ad50c8628f94a23b8d4c08c85652f"
}
