Oddbean new post about | logout
 1M followers.🤦🏽‍♂️ https://image.nostr.build/e17ad806d11f3122a9d430f07f5050d564928cf02b7d58478fa1f607e00cce25.jpg  
 Did you hear Bret on Robert Breedlove's podcast recently? He was excellent. Don't hate  
 Bret is a favorite. Brilliant mind. 
 And now I'm following you because he's a favorite of mine as well. 
He and Heather kept me sane during Covid 
 🤘🏼⚡️ 
 Hes a smart guy (biology professor) but was a silly question.  

This was my response. Decent way to conceptualize how markets function.

https://x.com/hodl15capital/status/1860119101626286493 
 I think he's asking why someone doesn't buy a small amount of Bitcoin ABOVE the asking price, at $100,000. In order to be "making history by being the first 100k order". 

It's a weird question with some mistakes, but I find it refreshing he's doing his pathfinding in public in good faith.  
 In the perverted world of Bitcoin, paying a high price is somehow a good thing. 
 In this case it would be something like "memorabilia". 

"In the perverted world of books and music, paying a high price for a limited edition print is somehow a good thing"

Don't be obtuse.  
 No, paying a high price is never a good thing, not in memorabilia either. If you can pick up a Picasso on a flea market for $100 it's still a Picasso and a steal and good for you. Too bad for the seller if they're unaware of the market value of their merchandise. 
 So what should be the market value of Bitcoin? 
 That's for more than one person to decide. That's why it's called "market value".

I'm not a dreamer and I find speculating on other people's dreams too risky so for me the value is zero. 
 Does he not know how maker/taker markets work? 
 Seems like he doesn't and he's asking how they work. Some good answers there, too. 
This is what public conversations are for 🤝 
 Fair 
 #Thinkbois