rich1.0Hanshan wroteHanshan (npub1lx…6svxa)https://nostr.now/npub1lxzaxzge0jq9u9cecucctdt5lslwgp7hcxmp2l0wn8r2ecjenwasu6svxanjumphttps://nostr.nowI do think we are already in a highly inflationary environment.
it's a large part of why the prices are "distorted" by gambling.
when prices no longer represent the collectively perceived utility of the thing
but instead show the expectation the thing can be flipped for more purchasing power later that a tulip mania.
is the price "wrong?"
no.
but it doesn't mean what most people think it means.