long; I find it hard to parse as a result. Formatting could be improved significantly to improve skimmability. tldr helps, but if the rest of the post’s words are worth their time to read, they could use better highlighting—probably bold rather than italic.
I’m very unclear how this differs from a happy price. The forking of the term seems unnecessary.
This concept entered my thinking a long time ago.
Use of single-currency trade assumes an efficient market; the law of one price is broken by today’s exponentially inefficient markets, and so significant gains can be made by doing multicurrency bartering, ie the thing people who don’t bring money into it would usually do for a personal services trade. Eg, my happy price in dollars is typically enormous because I would need to pay for a human to aid me, but if you can spare a few minutes of your time in return then I can be dramatically more productive.
If I could, I would make Kronopath’s comment the top comment.
Solid post. Comments:
long; I find it hard to parse as a result. Formatting could be improved significantly to improve skimmability. tldr helps, but if the rest of the post’s words are worth their time to read, they could use better highlighting—probably bold rather than italic.
I’m very unclear how this differs from a happy price. The forking of the term seems unnecessary.
This concept entered my thinking a long time ago.
Use of single-currency trade assumes an efficient market; the law of one price is broken by today’s exponentially inefficient markets, and so significant gains can be made by doing multicurrency bartering, ie the thing people who don’t bring money into it would usually do for a personal services trade. Eg, my happy price in dollars is typically enormous because I would need to pay for a human to aid me, but if you can spare a few minutes of your time in return then I can be dramatically more productive.
If I could, I would make Kronopath’s comment the top comment.