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You're missing the fact that enough people see value there to be willing to pay for it, therefore it might be worth selling it. That's all "value" is. I do agr
by llimos 5y ago
You're missing the fact that enough people see value there to be willing to pay for it, therefore it might be worth selling it. That's all "value" is.
I do agree that it's stupid. But it's the buyers who are stupid, not the sellers.
- MeinBlutIstBlau 5y agoThis is probably one thing the Chinese get right in terms of economics. Banning speculative and worthless commodities. It does nobody any good because we all know it's just a speculative market. The few who get out in time make a profit while the many that don't almost become destitute because of it. It doesn't promote tangible benefits to anyone. Nobody has a skill, nothing of value is transferred, simply money changing hands because someone else deems a worthless commodity is more valuable than it is.