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RE: The Unfortunate Focus on Money

in LeoFinance4 years ago

Great Post with a beautiful analogy.

Anothet thought to add to this,

Price and value aren't correlated!

  • What price can you put on someone's life?
  • Is a ceo more valuable than a janitor?

Price may reflect value and if you believe in certain economic points of view the market price of something in an efficient market will reflect the value but i think it's one view and for value you also have to consider perspective. Is the janitor my father?

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Is a ceo more valuable than a janitor?

Am I the janitor or the CEO in this example? ;D

something in an efficient market will reflect the value

This is the problem now, none of this is efficient yet, other than reflecting where people are willing to put their money. It really isn't correlated to value - much like how the stockmarket doesn't reflect the precise performance of a company - it is all just sentiment. Sentiment in crypto is going to change swiftly.

Oh, it's your father... CEO of which company? :P

It is all personal vale at the end of the day.