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Comment by Udik | Hacker News Reader

Yep, and btw, how can the price of anything be exactly 0? This doesn't sound right either.

According to the graph in the post (https://miro.medium.com/max/6088/1*tzpAFvuxVeumWO8ENz_SZg.pn...), it's somewhere around 0.0961 as of that time, and I suppose the price oracle they're using rounds that down to zero, perhaps? Or maybe the contract is rounding it down? Either way, I agree it's odd that exactly zero would be reported even if it's very close to zero.

edit: Nevermind, I misread. It's -0.0961, apparently.

The price is actually something like $0.000000033869.

https://www.coingecko.com/en/coins/iron-titanium-token

Negative 0.0961

Oops, you're right. I misread.

Price can be a number of things - current best offer from a seller, best offer from a buyer, mid between them, etc. (Stocks often report either the mid or “last trade” but the bid-ask spread can get wide for rarely traded securities, especially Lon-dated options).

I don’t know what the Oracle is using but it would be amusing if something else means the price is “stuck” at zero once it hits zero.

Well, a price can go negative [1], so I wouldn't consider zero to be surprising.

[1] https://www.cnbc.com/2020/04/26/why-oil-prices-went-negative...

A price can go negative for a physical thing which requires upkeep, but I don't see how a coin which imposes no obligations on an owner who just chooses to walk away, can have a negative price?

Oil went negative in the same way the price of my trash is negative: more of it was being produced than people wanted to buy, but the producer had to get rid of it because they couldn't stop production. As another commenter said, you can just walk away from a digital asset, so this isn't a problem. I can't walk away from my trash.

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