30 sats \ 1 reply \ @Michelson_Morley 6 Sep 2023 \ parent \ on: deleted by author meta
All things have prices because actors in (free) markets may bid and are willing to pay those prices to own the things.
Nothings pegged. Not even gold is inherently valuable. It's just shiny and scarce. If you're in a town full of very stupid gold-racists who value it at 1 dollar per ounce, then that's it's price. Until you reach another market.
Makes sense
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