Comment Re:And nothing (Score 1) 72
Everything is worth what someone is willing to trade for it.
(Wisely or otherwise.)
This is the simple and yet fundamentally correct answer. Just because someone doesn’t value something doesn’t mean it has none. Liquidity measures value and bitcoin is quite liquid without large valuation loss even in 8 or 9 digit whole USD transactions.
Actually, no. That simplification is not fundamental at all, and often incorrect.
How much are you willing to trade for a dose medication to save your life? Are you willing to trade more than you are able to trade? How much are you willing to trade that same dose of medication when you have no use for it?
How about food that you cannot eat because you are full? How about the food that a starving minor is willing to trade sexual favors for?
This got dark really fast, yet you said that it is simple and fundamental. Is it your intention to defend the sexual exploitation of impoverished minors, or would you say that it is (at least) a little more complex and/or less fundamental?