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In response to "I would posit they are utility contests, not popularity contests ... maybe that means the same thing -- nm" by rollo

phew -- (edited)

Posted by znufrii Feb 9 '18, 10:17

I was going to make a similar point using a whole lot more words and a bunch of mumbo-jumbo about cultural constructs.

Though I suspect value is derived from a combination of both elements you describe.

Thanks!

Responses:

yeah, I mean I know a lot of useless people who are popular ... but for assets, things are popular because they are useful. David's point that - rollo Feb 9, 10:23 8
- Fine, I’ll take a shot at it. - znufrii Feb 9, 10:30
- All of these are discussions of perception vs. reality. - David Feb 9, 10:28 6
  - But what you’re missing is that there is a fundamental value to a smartphone vis-a-vis speed of accessing information. -- (edited) - znufrii Feb 9, 10:37 3
    - I'm not missing anything. I'm challenging misconceptions about valuation. - David Feb 9, 10:43 2
      - Well, you’re missing that I’m agreeing with you in large part, that’s for sure. -- (edited) - znufrii Feb 9, 11:02 1
        
        Heh, fair enough.\ - David Feb 9, 11:11
  - I'm specifically talking about assets/commodities as opposed to products that can reflect branding/marketing influence. -- nm - rollo Feb 9, 10:33 1
    - The same argument applies, the way I look at it. -- nm - znufrii Feb 9, 10:44

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