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I mean, they are, and I agree, one is a sucker if they buy them. But I could say that same about any luxury goods. 'Patek Philippe Watches are terrible and anyo
by rfd4sgmk8u 5y ago
I mean, they are, and I agree, one is a sucker if they buy them. But I could say that same about any luxury goods. 'Patek Philippe Watches are terrible and anyone that buys one should be ashamed of themselves'.
Now, wanting a world where nobody can buy 'Patek Philippe' watches is not a world I want to live in. If you feel that your life is more complete with a $25k watch, that is your business. This doesnt stop me from wanting to make fun of someone wasting a year of after-tax earnings of the average person for some jewelry that tells the time no better than my phone.
- blacksmith_tb 5y agoFar worse than your phone (thanks to NTP), but fancy watches are primarily jewelry, so conspicuous consumption is their entire raison d'etre.
- rosndo 5y agoThere’s some complexity to this though. Gold watches are much more conspicuous than steel watches, but steel watches are often considered far more desirable and retail at a huge premium compared to the more conspicuous gold watches.
- rfd4sgmk8u 5y agoThat is my point. NFTs are just luxury items for conspicuous consumption. They exist so people can brag and show off. That is their value to the world. The new luxury brands for the nouveau riche. As a person that very much dislikes conspicuous consumption, I feel it has no value to me. Ill be stackin' sats.