• weirdwallace75@lemmy.worldEnglish
    5·
    10 个月前

    So basically, the more people who believe in the value of some thing, the more that thing holds actual value?

    Yes. That’s how value works.

    https://en.wikipedia.org/wiki/Paradox_of_value

    The paradox of value (also known as the diamond–water paradox) is the contradiction that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market.

    • Ann Archy@lemmy.world
      1·
      10 个月前

      water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market

      Water doesn’t command a higher price in the market than diamonds so far!