[NitpickLawyer]

> So how do you accurately price these tokens at all

Like anything else in the economy: at the point where enough customers can pay you, and not enough will go to the cheaper competition.

[altruios]

> at the point where enough customers can pay you

> (other than through price-discovery: which is slow, messy and fuzzy)

I notice a distinct lack of reading or comprehension (from everyone around me now, not just this comment) which worries me. I worry if LLM's are to blame. No one reads anymore...

[no-name-here]

I imagine a number of Hacker News members might be devs that haven't dealt with terms like “price discovery” before, so we should all try to show grace.

[altruios]

My apologies. I was taught that term in 7th grade econ. I assumed it was common vernacular.

[no-name-here]

Even among college graduates, only 17% could correctly answer a basic econ question (pre-AI) [1].

I looked up one ~1,000 page econ textbook, and it does not seem to mention price "discovery", or at least the only uses of the word "discovery" were about things like a scientific/oil discovery [2].

"Even high-achieving students demonstrate relatively lower understanding of economics compared with other subjects." [1]

[1] https://www.carolinajournal.com/opinion/why-americans-flunk-...

[2] https://assets.openstax.org/oscms-prodcms/media/documents/pr...