• axib@beehaw.org
    3·
    7 hours ago

    Thanks, I get how barter would help in that case, but without running your software or seeing a demo of what it does, it’s not clear to me how it works, or why it’s better than alternatives. You said this elsewhere:

    what about the software determining the value of the products, can you answer that.

    Now that sounds interesting, how does it determine the value of products? And in the absence of money, how does it even represent value?

    I’m asking this because I’m curious, but I’m also trying to give you tips on how to make a more engaging post. I’m not super interested in actually switching to bartering instead of using money right now, but I’d read about how your project works for a few minutes if you want to write about it. I suspect others might feel the same way. I looked at your github repo README and it’s all just technical instructions on how to run it.

    After reading an explanation for how it works and why it’s more useful than other alternatives, then I might consider actually downloading the source and trying to use it.

    Especially if you make bold claims like “is this the future of commerce” … you have to at least explain what you did if you’re going to say something like that.

    • danielhanrahantng@beehaw.orgOP
      1·
      6 hours ago

      Algorithm for determining value of a product: the highest possible value for a product / ( the amount of people who has the product - the amount of people who want the product ) = value of the product, but however when there is one offer for a product it is only the highest possible value for a product because there is only one offer.

      • TehPers@beehaw.orgEnglish
        3·
        4 hours ago

        the highest possible value for a product

        How do you calculate this?

        the amount of people who has the product - the amount of people who want the product

        As demand increases, the value increases, but at some point when demand exceeds supply (which is common), the opposite happens: the magnitude of the value starts to decrease (though that value is now negative).

        For example, two sellers sell a product, and four people want it. Let maximum value be v_m. Value is calculated to be v_m / (2 - 4) = -v_m / 2. If two more people want it suddenly (so 6 now), it becomes v_m / (2 - 6) = -v_m / 4, which has a lower magnitude despite the higher demand and static supply. This is contrary to how supply and demand actually work, where value generally increases as demand increases (if supply remains static).

        Maybe value means something differently to me than it does to you though. Ideally supply would always equal demand (which makes your denominator 0, breaking the equation entirely since that would be undefined), but that would be really difficult to control.