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What this article doesn't mention is all the failed attempts at creating collectible value, leading to a survivorship bias that implies rare+finite=value. Somet
by swalls 6y ago
What this article doesn't mention is all the failed attempts at creating collectible value, leading to a survivorship bias that implies rare+finite=value. Something being rare doesn't imply value, it's the combination of being rare and desired that makes a collectible worth anything. Although, I'm not even sure it should be considered a collectible, as the desire to own bitcoin is one that diminishes the less it's worth.
- scotty79 6y agoThere are failed collectibles of crypto world. Desire to own any collectible thing decreases with the value of given collectible. At least in most collectors.