Re:Amazon Accidentally Sold $13k Camera Gear for $100 on Pri...
by bko on Thursday July 18, 2019 @06:46AM
(#20468485)
I own the stock and can sell it for $2000. If the value of the stock drops to $0 and I can no longer get $2000 for the stock, it would be no different than me losing $2000 cash
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Re:Amazon Accidentally Sold $13k Camera Gear for $100 on Pri...
by michaelt on Thursday July 18, 2019 @07:38AM
(#20468722)
If I have $0.50 cash and someone reaches into my wallet and takes it, is that any different to if I've got a lottery ticket with an expected value of $0.50, and the draw occurs and its value drops to $0 when it doesn't win?
Some would say that in the first case it's morally wrong to steal my cash, whereas in the latter case I consented to the risk of my ticket losing when I purchased it; and therefore performing a lottery draw is not an immoral act.
Re:Amazon Accidentally Sold $13k Camera Gear for $100 on Pri...
by bko on Thursday July 18, 2019 @09:19AM
(#20469438)
Yes, if the Amazon model doesn't work out and you lose value, that's not immoral. It just happened like your lottery. If the value decreases from people stealing from Amazon then it is the same as going in your wallet and taking the cash.
Re:Amazon Accidentally Sold $13k Camera Gear for $100 on Pri...
by JetSpiegel on Sunday July 21, 2019 @09:51AM
(#20491302)
How is this "stealing", if Amazon advertised the price they sold the product at?
Re:Amazon Accidentally Sold $13k Camera Gear for $100 on Pri...
by tripzilch on Thursday July 18, 2019 @08:06AM
(#20468896)
Except you did't have $2000 cash because you invested it in Amazon, whose value dropped to $0.
Re:Amazon Accidentally Sold $13k Camera Gear for $100 on Pri...
by jtuente on Thursday July 18, 2019 @11:40AM
(#20470949)
Cash is simply the physical form that the government has deemed legal tender that must be accepted for payment. In the case of countries like 1920s Weimar Republic, that cash can lose value due to hyperinflation in currency trading markets.