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Joined 3 months ago
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Cake day: March 23rd, 2025

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  • Damn, thanks for the insight. I just read the wiki article and the source claiming the marketing budget of that game, because I couldn’t believe it, and the name Niantic was somewhere in there, so I figured Niantic did what Niantic does. Apparently, it’s not even that.

    It’s ridiculous, seriously. Monopoly is a horrible game in it self, and I thought everyone and their dog was already sick of it, but I guess I’m just projecting.

    Or pumping the equivalent of the GDP of Samoa into the marketing of some stupid mobile game version of this really bad board game really does something.







  • Even if you copy the Mona Lisa down to the subatomic level, the original would still be seen as a one of a kind thing and would be vastly more valuable than the copy.

    Because it’s not about the physical object.

    It’s about the hope that it can be, one day, sold for more money than it was bought for. The same thing happens every day with all sorts of things where the price vastly outpaces the utility of the thing.

    If you buy milk, you buy it to drink/eat/use it. So you pay for its utility. A litre of milk is worth its nutritional value. There’s no speculation or anything like that going on, and thus, the price is pretty low and pretty stable.

    If you buy valueables (art, diamonds, stock, crypto, NFTs, …) the object itself is usually not useful or at least not nearly as useful as its price. Yes, there are some technical applications where you need gold or diamonds, but if that was the only thing they are used for, they’d be much, much cheaper. Art, stock, crypto, NFTs, stamps, and many similar things, on the other hand, have little to no direct utility. Nobody would buy the Mona Lisa because they have an empty bit of wall in their living room that would benefit from a bit of art as decoration.

    These things, which are inherently worthless (if they were priced by their utility). The only reason for them to be “worth” a lot is the expectation that someone else will pay more for it in the future, for the sole purpose of finding someone else who’ll do the same.

    It’s just a morensocially accepted form of gambling, nothing else.

    And for that, it doesn’t matter if the thing being sold is a link to some picture of a bored monkey, a piece of paper with some paint on it, a banana ducttaped to a wall, or some shiny rock.