Post
Topic
Board Bitcoin Discussion
Re: Why don`t prices follow difficulty change?
by
tomcollins
on 20/05/2011, 14:29:01 UTC
People don't pay a lot of money for crabs because people risk their lives to fish for them.
Crab fisherman risk their lives because people will pay a lot of money for crabs.

Very good analogy.  Too many people hold labor theory of value.  If something is hard to do, then it must be valuable!