Brother_Corn on Nostr: Random thought: If all goods approach their cost of production, does that apply to ...
Random thought:
If all goods approach their cost of production, does that apply to Bitcoin too?
I am not a student of economics but the inter-trons told me that the difference between price and cost is called the price performance ratio (PPR)
Does the PPR trend toward zero 1) in general and 2) for Bitcoin (B-PPR)? If not zero, does B-PPR increase forever with human ingenuity or will it reach a stable level? What would that level be called? B*? 😂
Maybe Jeff Booth (npub1s05…eyhe) has some insight? Or not, I am literally making this up as I go, zero drama. I bet someone already thought of this.
If all goods approach their cost of production, does that apply to Bitcoin too?
I am not a student of economics but the inter-trons told me that the difference between price and cost is called the price performance ratio (PPR)
Does the PPR trend toward zero 1) in general and 2) for Bitcoin (B-PPR)? If not zero, does B-PPR increase forever with human ingenuity or will it reach a stable level? What would that level be called? B*? 😂
Maybe Jeff Booth (npub1s05…eyhe) has some insight? Or not, I am literally making this up as I go, zero drama. I bet someone already thought of this.