Oddbean new post about | logout
 Value is subjective. See diamond–water paradox.

https://github.com/libbitcoin/libbitcoin-system/wiki/Lunar-Fallacy

https://en.wikipedia.org/wiki/Subjective_theory_of_value

https://en.wikipedia.org/wiki/Paradox_of_value

Also, consumption requires production. We don't live in the metaverse.