3 ms·
scarcity is only the supply side of the equation. next year if everyone decides NFTs are nonsense then the demand side of the equation could collapse to zero.
by lamontcg 5y ago
scarcity is only the supply side of the equation.
next year if everyone decides NFTs are nonsense then the demand side of the equation could collapse to zero.
scarce things are only valuable if there's demand for it. things which are only unique are not inherently valuable unless humans decide that uniqueness is also valuable.
- MaxBarraclough 5y ago> next year if everyone decides NFTs are nonsense then the demand side of the equation could collapse to zero. ... > things which are only unique are not inherently valuable Of course. Just like baseball cards. Put more broadly, all value is contextual; there's no such thing as inherent value. In a survival situation, a bottle of water has more value than a gold bar.