Re:All my servers have an 8 GB empty file on disk
by wongarsu on Thursday March 25, 2021 @07:17PM
(#26586868)
In reality it's not the person that values it the most, but the person willing to pay the most money. That's not the same even if we ignore the ability to afford something, because the marginal value of money isn't constant: To a millionaire $80 is much less than for someone earning minimum wage.
[ Parent
| on HN ]
Re:All my servers have an 8 GB empty file on disk
by nybble41 on Friday March 26, 2021 @02:23PM
(#26595233)
The value placed on a good is measured by what a person is willing to give up in exchange. Naturally only those things one actually has available to give up count—not what one thinks one might be willing to pay in a hypothetical world where affordability is not a concern.
The millionaire just has a longer history of already having given things up to amass that much money which they can draw on in exchange for goods later. (Or, in the case of gifts/inheritance, others gave things up on their behalf and for their benefit—which amounts to the same thing.) That's exactly what money represents: more value provided to others than the owners have claimed for themselves.