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points by CSMastermind 1 day ago | 0 comments
This is the only market where people think this is a reasonable thing to do, mostly because it's the only market in which most people are sellers not buyers.

Imagine if the government passed a law saying that when you got to a restaurant (or car wash, or bookstore, etc) you had to declare to the business what you're willing to pay before we see the menu so that the business could adjust their prices accordingly.

[–] cowlevel 1 day ago
Because it's not about who's the seller or who's the buyer, it's about who has a whole institutional structure set up for doing the thing and who is doing it casually. When you walk into a pawn shop or one of those tacky-looking high street gold buyer places, you may sell them your valuables or buy someone else's valuables, but either way the shop is the shop and you are the customer. You don't become the shop when the shop is buying from you.