Comment Re:Pedantic much? (Score 1) 59
You continue to miss the point.
When "what others agree to pay for them" is substantially based on mutual awareness that the value has been sustained at this level (or this trend) for some time, and not substantially based on a fair assessment of intrinsic value of the good or service for other purposes, then that price is maintained in a meme-like manner. "Meme" here is meant in the original definition: A self-sustaining information pattern circulating in (and being replicated/sustained in time by) a collection of minds.
When "what others agree to pay for them" is substantially based on mutual awareness that the value has been sustained at this level (or this trend) for some time, and not substantially based on a fair assessment of intrinsic value of the good or service for other purposes, then that price is maintained in a meme-like manner. "Meme" here is meant in the original definition: A self-sustaining information pattern circulating in (and being replicated/sustained in time by) a collection of minds.