Not exactly. What you’re describing is intrinsic value.
Intrinsic value is a concept from the early 19th century that probably has little place in today’s world.
Subjective Value (Carl Menger) came about in the Late 19th century and still fits today.
ie. people pay for an open market value (what they subjectively think it’s worth), irregardless of cost.
Not to totally discount intrinsic value. I personally think it provides a valuable baseline for the value of something irrespective of subjective value. Although subjective value is a stronger metric and can smash that in a heartbeat.
If you use TSLA as a brand example.
Its current market price is probably at least conservatively 70% overvalued and according to some 300%+ overvalued.
#Bitcoin is limited to 21M, is POW, is mathematically proven and the world’s first hard money.
So in terms of intrinsic AND subjective value it’s seemingly a no brainer.
Anyway.. I like your thinking 👍 But don’t discount subjective value.
TheDude / Another Dude
npub1uq…0fwug
2024-08-28 13:59:30
in reply to nevent1q…f7yy
Author Public Key
npub1uqgnwum8djjsasmzqqfrt88ar0y0dq39de6s298fquy3dcum0xnqg0fwugPublished at
2024-08-28 13:59:30Event JSON
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"content": "Not exactly. What you’re describing is intrinsic value.\n\nIntrinsic value is a concept from the early 19th century that probably has little place in today’s world.\n\nSubjective Value (Carl Menger) came about in the Late 19th century and still fits today.\nie. people pay for an open market value (what they subjectively think it’s worth), irregardless of cost.\n\nNot to totally discount intrinsic value. I personally think it provides a valuable baseline for the value of something irrespective of subjective value. Although subjective value is a stronger metric and can smash that in a heartbeat.\n\nIf you use TSLA as a brand example.\nIts current market price is probably at least conservatively 70% overvalued and according to some 300%+ overvalued.\n\n#Bitcoin is limited to 21M, is POW, is mathematically proven and the world’s first hard money.\nSo in terms of intrinsic AND subjective value it’s seemingly a no brainer. \n\nAnyway.. I like your thinking 👍 But don’t discount subjective value.",
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