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Remember when NFTs sold for millions? 95% of collectibles may now be worthless
- simonblack 3y agoArtificial shortages can produce high prices. The Tulip mania was caused by tulip bulbs which are practically worthless in themselves being removed from the market. Likewise digital copies which actually are worthless, because you can make as many thousands as you want at the touch of a button, were supposedly made scarce, and therefore expensive, as NFTs. P.T.Barnum had a saying for this phenomenon: "There's a sucker born every minute."