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This because something is scarce, doesn't make it valuable. Claims to the contrary are just another example of crypto bros not understanding economics or human
by this_user 4y ago
This because something is scarce, doesn't make it valuable. Claims to the contrary are just another example of crypto bros not understanding economics or human behaviour. Otherwise, a whole bunch of people with boxes of Beaning Babies would be rich by now.
- scotty79 4y agoWere beanie babies truely scarce? The way Rambrant paintings are?
- andirk 4y agoPlease do mansplain to everyone about "understanding economics or human behavior", two topics that are barely understood and have wildly unpredictable outcomes on any given day. Back to grown up talk: scarcity doesn't create value by itself, no. A giant multi-billion $ bulletproof-ish network of millions of active users trading a scarce commodity does create value.