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Isn’t crypto basically a collectible? People buy it in the hope that somebody in the future will pay more for it, but by itself it is pretty much useless. To me
by Joeri 4y ago
Isn’t crypto basically a collectible? People buy it in the hope that somebody in the future will pay more for it, but by itself it is pretty much useless. To me it seems no different from buying baseball cards. And just like saying the final value of those baseball cards may be zero, the final value of crypto may be zero, but I doubt it will have anything to do with collateral as baseball cards have no collateral either.
- mekster 4y agoIt's similar except you or the manufacturer can't cheat to duplicate a card or the manufacturer can't suddenly produce 10x more cards because the cards sell well. So, inherently they have different purpose.
- skinnymuch 4y agoAre there examples of high priced collectibles suffering significantly for either of the problems you brought up? Also, crypto has downsides.
- aldarisbm 4y agomagic the gathering cards