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monoideism · 2021-02-28 16:34:16+00:00

Yes, but there isn't billions in commerce each day, at least not now.

jusben1369 | karma 5941 | avg karma 3.23 · | 2013-05-31 08:54:44

Big Commerce?

bluefirebrand | karma 6519 | avg karma 3.36 · | 2021-01-27 21:09:37+00:00

Selling stuff is probably sufficient but not necessary to qualify as commerce.

perl4ever | karma 7545 | avg karma 0.95 · | 2021-02-04 01:05:38+00:00

There doesn't have to be the same number of buyers and sellers, does there?

One million people could buy/sell, while one person or entity took the other side of all the trades. So your statement in the strictest sense could be false.

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pnathan | karma 11370 | avg karma 2.87 · | 2014-01-31 17:20:19+00:00

Yes and no.

There is a rather large market for the machines people do business with.

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UIUC_06 | karma 747 | avg karma 1.69 · | 2022-07-24 15:34:28

So "commerce" takes place even when you don't buy or sell anything? Is that what you're saying?

dymk | karma 8044 | avg karma 2.72 · | 2022-09-28 11:47:56

That’s true, I mean more for transactions on e.g. Craigslist or a farmers market.

pyvpx | karma 942 | avg karma 1.92 · | 2017-09-29 06:11:31

there sure is. but the marketplaces are so slow and fragile it's essentially impossible (aka too indeterministic/risky)

parineum | karma 2006 | avg karma 1.68 · | 2021-04-06 22:05:44+00:00

Commerce only happens when people buy things they want.

bdcravens | karma 20814 | avg karma 2.3 · | 2014-12-11 15:56:06+00:00

Definitely important. A merchant could be an anti-government bead jewelry maker doing $75 a month, or Microsoft. They each count one.

siruncledrew | karma 1971 | avg karma 2.74 · | 2021-08-16 15:22:59

I think the merchants are the bottleneck in this case

abosley | karma 76 | avg karma 2.3 · | 2023-02-23 00:57:29

No...that's the marketplace.

nl | karma 29762 | avg karma 2.49 · | 2013-11-05 05:13:28+00:00

Yes, this is true - but we are looking at a very specific case here: Sold, and my understanding is that there marketplace never really took off. That means it is doubtful there are people depending on Sold as a means of support.

stanislavb | karma 5729 | avg karma 5.0 · | 2020-01-05 21:12:50

I've been told that it isn't a marketplace unless there's a financial transaction facilitated by it. However, I don't agree.

URSpider94 | karma 5891 | avg karma 3.25 · | 2019-08-06 04:38:06+00:00

There is. It’s called a monopsony, a market where there is only one buyer.

wamsachel | karma 106 | avg karma 1.96 · | 2017-05-17 14:24:21

haha I had the same thought when I saw the title, 'wait, that's just regular commerce right?'

mypastself | karma 1619 | avg karma 2.65 · | 2022-12-31 06:55:01

For sure, and that’s the “medium of exchange” aspect of it. But it’s still not the best store of value…

scott_karana | karma 3540 | avg karma 1.9 · | 2015-08-10 21:36:35+00:00

Sure, but they all still trade in one big GOOG pile.

reedjosh | karma 957 | avg karma 1.39 · | 2021-09-24 10:49:08

Or transacting for goods and services. You know, like in an economy. I just bought coffee with it.

EMIRELADERO | karma 3064 | avg karma 4.04 · | 2024-03-04 15:18:35

I'm talking about the goods or services that are sold.