latrica on Nostr: Science experiment completed. The results are below. To those who want to promote a ...
Science experiment completed. The results are below.
To those who want to promote a #p2p economy, one must first understand #value4value. This is very important for your #bitcoineconomy and any e-commerce store.
What is value? The definition can be discussed. But I want to provide an example.
Personally, I enjoy the taste of all natural spring water. I can purchase a gallon of Crystal Geyser spring water at the Dollar Tree for $1.25. The EXACT same bottle of water is sold at Walmart for $1.43. Same gallon. Same water. Same packaging. Same spring!! Same Earth!! 😂
There are cases of water available at the Dollar Tree. See pictures. At Walmart, they’re all sold out. See pictures.
What gives? And why is the price different? Some might say inflation or price gouging, which can be true. The main reason is because Walmart simply chose to increase the price. And if someone thought the water was worth the value, then they bought it. It’s that simple folks.
This proves that people are willing to pay more for the same item if they see value in it. Price is an arbitrary number set by the seller and value is determined by the buyer.
So when you decide to sell or exchange your items my friends, you set the price. It can be any amount of your choosing based on your own values. If someone thinks your item is worth the value, they’ll buy it. It’s that simple. 🫂❤️✨
#economy #business #bitcoin #value
To those who want to promote a #p2p economy, one must first understand #value4value. This is very important for your #bitcoineconomy and any e-commerce store.
What is value? The definition can be discussed. But I want to provide an example.
Personally, I enjoy the taste of all natural spring water. I can purchase a gallon of Crystal Geyser spring water at the Dollar Tree for $1.25. The EXACT same bottle of water is sold at Walmart for $1.43. Same gallon. Same water. Same packaging. Same spring!! Same Earth!! 😂
There are cases of water available at the Dollar Tree. See pictures. At Walmart, they’re all sold out. See pictures.
What gives? And why is the price different? Some might say inflation or price gouging, which can be true. The main reason is because Walmart simply chose to increase the price. And if someone thought the water was worth the value, then they bought it. It’s that simple folks.
This proves that people are willing to pay more for the same item if they see value in it. Price is an arbitrary number set by the seller and value is determined by the buyer.
So when you decide to sell or exchange your items my friends, you set the price. It can be any amount of your choosing based on your own values. If someone thinks your item is worth the value, they’ll buy it. It’s that simple. 🫂❤️✨
#economy #business #bitcoin #value