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> There is therefore a weird feedback loop between the supply and the demand, and scarcity alone is enough to create "value". Yes. Temporarily. And a much less
by runeks 6y ago
> There is therefore a weird feedback loop between the supply and the demand, and scarcity alone is enough to create "value".
Yes. Temporarily. And a much less weird feedback loop is enough to annihilate all of this “value” at some later point in time (the “crash”).
- randomsearch 6y agoA good example of this is stamp collecting. A grandparent carefully collected stamp albums for his grandchildren. They are now pretty much worthless, because the fashion for stamp collecting has gone. I hope he enjoyed the process of collecting.
- ForHackernews 6y agoIs that true? Time to buy the dip in stamps! Then, I can issue NFTs for my old stamps.