There are two kinds of value on a thing, one is the value to you, and another is the value to the world
- Value relates to you. Value and cost are always combined, so when you have something with value, you need to use your time, energy and money to exchange(or keep) it, and your subject bias would affect how you evaluate it, one thing called “the value of you don’t know” which potentially relate to you future also belongs to here
- Value relates to the world. The simple method to think about the value of a good exchange, is whether it abides by the law of a free market, and the simple method to think about the value of information distribution, is whether it abides by the principle of the first amendment in a free society
The cost of all exchanges are time, energy and money, time is equal, energy is similar, and money varies
