“We already store data. In a database. It works well”

Re:“We already store data. In a database. It works well” by Spooky23 on Tuesday February 11, 2020 @10:24AM (#22299151)

> Now, suppose it makes $100,000 per year, but for some reason once you have it, no one will buy it off you. How much would you pay for it?

Unless the income-producing aspect of the business is dependent on you, there's always someone willing to buy something that produces money.

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Re:“We already store data. In a database. It works well” by graeme on Tuesday February 11, 2020 @10:44AM (#22299335)

It was a hypothetical to clarify the issue. Suppose you were cursed by a genie and you could never sell an asset.

In such a world, the $100,000/yr business still has value to you. That was the point.

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Re:“We already store data. In a database. It works well” by jraedisch on Wednesday February 12, 2020 @02:26AM (#22306685)

Hypothetical indeed. Hypothetically, ownership value should be close to sale value.

At the moment I rather see people buying stuff that they think other people might deem valuable in the future, e.g. motivation behind buying TSLA is similar to buying BTC.

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Re:“We already store data. In a database. It works well” by arcticbull on Wednesday February 12, 2020 @11:53AM (#22310409)

The motivation may be the same but TSLA produces electric cars and BTC produces CO2 and crime.

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Re:“We already store data. In a database. It works well” by thehazard on Thursday February 13, 2020 @03:14PM (#22321037)

Very close minded on crypto, aren't ya?

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Re:“We already store data. In a database. It works well” by arcticbull on Friday February 14, 2020 @12:52AM (#22324270)

I tend to be closed minded towards scams, yes.

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