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> Because it is a status symbol only because it is scarce, it is overrated. Ah thats where we are going to disagree. That logic path isn't a leap I would make.
by gammateam 8y ago
> Because it is a status symbol only because it is scarce, it is overrated.
Ah thats where we are going to disagree. That logic path isn't a leap I would make.
You are undervaluing the utility of scarcity.
- mpweiher 8y agoAnd the utility of status symbols. Now one can reasonably disagree over whether they should be useful. But the case that they actually are not useful is a difficult one.
- gammateam 8y agoAgreed, a single market participant can be constricting the supply intentionally or because they have a utility unknown/inaccessible to the rest of the market