Re:Groupon now worth less than the $6 billion Google offered.
by rondon1 on Monday June 04, 2012 @10:05PM
(#4066971)
The other meaningful definition of worth is the inherent value of the object. A ION bracelet or Rawlings Power Bracelet may be sold for $30. But the plastic or metal in the item is actually worth $2. Or the fact that someone now believes they have better balance may be worth $2,000 to them, but the metal and plastic costs $2.
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Re:Groupon now worth less than the $6 billion Google offered.
by philwelch on Monday June 04, 2012 @10:32PM
(#4067030)
There's no such thing as "inherent value". That's the point.
Re:Groupon now worth less than the $6 billion Google offered.
by rondon1 on Tuesday June 05, 2012 @08:51AM
(#4068408)
Now I understand, Because you say it doesn't exist then I shouldn't talk about it.
Re:Groupon now worth less than the $6 billion Google offered.
by philwelch on Tuesday June 05, 2012 @12:11PM
(#4069226)
If you think there's a meaning to the phrase "inherent value", try to define it instead of being petulant. Nothing has value without some customer who has a demand for it, which is why the concept of inherent value is meaningless.
If something was only worth the cost of the materials that went into it--then what determines that cost? Even steel and oil have value that depends on customer demand rather than any sort of inherent value. And if that was all it was worth, why would you waste time and effort turning steel into a steel bracelet, or a steel ship, when the end product wasn't actually worth more than the materials that went into it? You'd waste energy and human effort without producing any value. You'd be richer just holding onto the raw steel itself.