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> same system of a weird pyramid scheme rich people are doing with art, wine, relics, real estate All of those are non-fungible; that's why rich people like th
by octoberfranklin 6y ago
> same system of a weird pyramid scheme rich people are doing with art, wine, relics, real estate
All of those are non-fungible; that's why rich people like those.
Bitcoin is pretty damn fungible.
- tinco 6y agoI'm pretty sure those items are fungible from a collectors point of view. Sure if you look at one painting, you can't compare or replace a picasso with a rembrandt. But if you look at only the value of two collections of hundreds of paintings, they might very well be replaced with each other.
- octoberfranklin 6y agoMaybe so, but that isn't why rich people like them either. Non-fungible assets are far more useful for tax evasion. Watch _Tenet_.
- tinco 6y agoAh alright thanks I hadn't considered that angle.