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TheFriar

627 Posts.

12

06/02/18

04:32

Post #: 30840268
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Originally posted by vagabond84 ↑

Something that's rare may not be valuable, but it's very easy to sell a story which say it's valuable. Look at Franklin Mint collectibles. They kept selling their junk for years, because people thought if a item was an limited edition run then it's got to be a worthwhile buy. In the end they all turned out to be worthless with no resale value.

Similar mechanic at play with Bitcoin imo.

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Until it's demonstrated as useful in daytoday and mainstream purchasing for products other than those type that REQUIRE anonymity this is a better analogy for bitcoin than either gold or fiat.
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