Quotable Satoshi on Nostr: The price of any commodity tends to gravitate toward the production cost. If the ...
The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.
Published at
2024-06-17 14:21:02Event JSON
{
"id": "cb2a9be6e4f26d2db01bc172b30851b2058f2f1009b8db46ae95dc71a18fbcf6",
"pubkey": "87570647ca3b7549e66cb6c4bb8d197f5bc91de73b58eb1ade78c8ddd5fec7eb",
"created_at": 1718626862,
"kind": 1,
"tags": [],
"content": "The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.",
"sig": "c5cbaf5761ff65bb5347747dcf473a14477b2b6d359489f37d70992422ea6e9c47f16c46a911be44e084179212f0c6f0a2fa8e02838311d3c5ad16c890f7e7d0"
}
