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by mmooss 171 days ago
> It’s literally worthless in all senses of the term.

I think that misunderstands the economics:

For a long time we've been able to generate mathematical solutions at a prompt, and yet those still have value - I still gain by having them. Email is free and ubiquitous, but still has value. Clean water, for example, is generally free and ubiquitous, but has enormous value; I'd die without it.

In the market, things are priced by their marginal value - the added value of the last one sold; your 10,000th glass of water is not as valuable as your 1st (if you have only 1). But price != value: 'price is what you pay, value is what you get'.

1 comments

Clean water isn’t free? Utility bills increase year on year.
It's very cheap. If buying the next glass of water was life-and-death, how much would you pay? The current price reflects its abundance.