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Topic	So what is your thoughts of NFT/Crypto in videogames?
charmander6000 01/16/22 7:37:40 PM #198:	ChaosTonyV4 posted... Yeah but in all those cases there is actual literal scarcity. You pay a lot because it literally doesnt exist anywhere else. For it to be comparable to this, itd be like taking one of the million identical copies of FIFA at your local GameStop and paying a million dollars for the receipt. The same can be said about all the items I mentioned. It has nothing to do with the scarcity of the item and everything to do with the perceived value. That mint condition copy of Super Mario Bros. is not really worth 1 million dollars, it's supposedly worth 1 million dollars because some people said it was worth a million dollars and were willing to pay for it. You can do that with any item. I can take that receipt and if I can convince someone it's worth a million dollars then it becomes worth a million dollars. Welcome to an extreme version/quirks of economics --- Congratulations to azuarc for winning the guru challenge <cite>charmander6000 posted [p:961805092] in So what is... [t:79835507]...</cite> <quote>ChaosTonyV4 posted... </cite> <quote>Yeah but in all those cases there is actual literal scarcity. You pay a lot because it literally doesnt exist anywhere else. For it to be comparable to this, itd be like taking one of the million identical copies of FIFA at your local GameStop and paying a million dollars for the receipt.</quote> The same can be said about all the items I mentioned. It has nothing to do with the scarcity of the item and everything to do with the perceived value. That mint condition copy of Super Mario Bros. is not really worth 1 million dollars, it's supposedly worth 1 million dollars because some people said it was worth a million dollars and were willing to pay for it. You can do that with any item. I can take that receipt and if I can convince someone it's worth a million dollars then it becomes worth a million dollars. Welcome to an extreme version/quirks of economics --- Congratulations to azuarc for winning the guru challenge</quote> ... Copied to Clipboard!
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