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I don't disagree but can't you say the same thing about expensive art in general? I mean is any painting really worth $100m? At one point it's not about the pai
by cm2187 5y ago
I don't disagree but can't you say the same thing about expensive art in general? I mean is any painting really worth $100m? At one point it's not about the painting, it's about being able to splash a lot of money at something expensive when you already own everything other expensive thing you could splash money at.
That's why I always thought comparing crypto to currency, financial investments or gold is the wrong analogy. To me it is more akin to the art market.
- emmo 5y agoBut in this situation, you at least own a piece of art.
- cm2187 5y agoWhich value is in the eye of the beholder. Some people think they hold something valuable with a Klein Monochrome that my handyman could paint in a minute. Others enjoy the ownership of a few randomly generated bytes on a hard drive.
- boppo1 5y agoArt can be really incredible to behold in person (modern & contemporary less so imo, but I digress). There is some value there over and above monkey jpegs.
- cm2187 5y agoAnd I am not saying it has no value. Just that it doesn't have $100m worth of value.