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4/ Thoughts: As a human, I - like all of us - are of infinite worth in God's eyes. As a software engineer I am worth X. As a farmer I am worth Y (Y is close to $0, fwiw). As a writer I am worth Z. What do X, Y, and Z have in common? Each is "what the market will pay"
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5/ To assert "I'm worth $1 per word" or "I'm worth $20/hr as a writer" is nonsense. To who? Unless someone is willing to pay me that, no, I am certainly not!
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6/ Marx's labor theory of value is pure garbage. Merely because one sweats does not mean that one is creating value. Merely because one writes does not mean that one is creating value.
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7/ Value depends on the particular interplay of creator, creation, and consumer. If three people in the world kinda vaguely care a tiny little bit about your "Brady Bunch, but magical, and Peter is a dragon" fanfic, then your writing is worth almost nothing.
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8/ If a hundred million people love your universe, your characters, and identify with their struggles, your writing is worth tens of millions of dollars. My own writing - pretty darned good, writing, I think. Honed with 1 million words of practice, and won national awards >>>
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9/ Is worth $10.83 per hour. It doesn't matter how good my story is, how much I sweated working on it, how believable the characters are, how well researched the science is. That's where supply and demand curves intersect. Bitching that I "deserve" $15/hr doesn't make it so.
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10/ I bailed out of Capital about 1/3 of they way through, because it was like the punishment book in Stepheson's Anathem. I read the use value vs exchange value bit and thought it retarded.https://twitter.com/troll_lege/status/1176617037835251712 …
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11/ Yes, but future value is reflected in current value. Markets adjust near instantly to the available information. If my novels are loved by billions of people in 1,000 years, the net present value of that is roughly zero! https://twitter.com/JRstract/status/1176617549028630528 …
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12/ And even if we adjust the interest rate to near zero (so that NPV should very closely reflect that future value) the inherit uncertainty that billions will love it (says who? that seems really unlikely to me!) means that the value is still roughly zero.
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13/ Yes, I agree. There are super savvy investors who can beat the market average. However, we get a bit of a Heisenberg's cat paradox: billionaire's bet on my novel is not revealed to be wise or foolish until much later ; until then - what value? https://twitter.com/JRstract/status/1176619013272739842 …
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14/ OMG, over here we're having a debate about how to properly price the value of a novel. ...and in a parallel thread,
@sonyasupposedly is debating all comers on how to properly price a toe. Advantage: Sonya!https://twitter.com/random_eddie/status/1176619193728405504 …Show this thread -
15/ The versions of the novels you've read are draft 7, IIRC. The million words is made up draft 1. and draft 2. and draft 3. and draft 4. and draft 5. and draft 6. If you want to deliver good results, practice. https://twitter.com/cdrusnret/status/1176622019493937154 …
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