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I can look at artwork on my computer for free, or print out a high resolution image that's indistinguishable for a few dollars. Yet people pay a fortune for the
by hntrader 6y ago
I can look at artwork on my computer for free, or print out a high resolution image that's indistinguishable for a few dollars. Yet people pay a fortune for the "real thing", even though their eye doesn't know the difference.
Tell me again how this is in any way rational or logical? It's not, you've just bought into the narrative that artwork has legitimate value but haven't bought into the narrative that BTC has legitimate value.
You are trying to push your subjective opinion of value as an assertion. Just because you derive utility from original art but not bitcoin doesn't mean there's value in the former and not the latter. Value is assigned by supply and demand, not by an authoritative top-down council composed of u/nexthash.
It may well be the case that the market's opinion of BTC's value changes and the price drops to near nothing. But then again maybe people will wake up to the fact that an original artwork is indistinguishable from a photo, and the art market collapses too :-)