Why would anyone pay to buy a token that no longer has a purpose? ANSWER: BELIEF IN IT'S PRINCIPLES OR PHILOSOPHY, GAMBLING OR A GOAL.... (CRYPTO BUT MORE ABOUT US / ENJOYING SOMETHING WITH SIMILAR DYNAMICS)...
This an interesting story that, you yourself and others, doing the same, can increase the value of something purely by perpetuating interest in it (even if it doesn't make sense)....
"...it's not just a bet. It's also a marketing effort. By buying the tokens and ensuring there's a liquid market, investors help perpetuate and extend the story. This increases the likelihood that the tokens will indeed go up in value. "
MY COMMENT:
It's partial proof perhaps in the whole crypto thing (and some Logic) that makes me measurably believe this similar to other spectrums in other directions (like a pessimism feeding back pessimistic stuff or sarcasm the same, or bitcoin stuff, or google mumbo jumbo or whatever evil becomes in a chain of dominoes despite the reality and well things increase or snowball.
NOTE that I'm trying to trigger you about cypto-currency here but point to perpetuating things
and I'm personally looking in our community to use 'tricks' similar or trick ourselves into good or goodwill (not scared of strangers or anonym stuff) if only people would go for 'good' and invest so crazy and gamble into that in the same way!!). I think the interest (despite the morality or real economics) speaks for itself and some part of that is genuine (inside bad perhaps) with people doing it for a cause or selfishness or even thrill of risk.
MANY THINGS WILL BE TRUE IF you can get people to invest in good or work for the good instead of THE bad or have some kind of morals more inside! (like doing it for xyz reason or xyz person, making a manifest etc)
That is tangible weighting to calculate stuff...
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" The Will of the People "
(a section from same text by Dror Poleg https://www.drorpoleg.com/in-praise-of-ponzis/)
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"Why would anyone pay to buy a token that no longer has a purpose?..." [edited out a a lot]
" There are many explanations why... but they all boil down to this: It's a good story. People love a good story. And people believe that the value of this story will only increase over time. "
MY COMMENT:
I see this as true.... but the imagination and comms by good people is perhaps lower than the demand for money or interest in this kind of profit because people are trained and accepting in watching numbers, stocks, companies, brands rise etc and and willing numbers to go up and up no matter what the reality is and almost impossibility for things to infinitely go up without all of us bearing the cost!
" This logic seems circular: Let's buy something in order to ensure other people buy it as well. And the same logic can be seen in other blockchain-based projects.
MY COMMENT: Seems true and even many know it's only hype or temporary investment (i.e. they know it's a gamble like your would play a gambling machine or roulette wheel hoping it lands on your number)
And then inversely to that, the 'paying' of people to achieve things as in this text below:
"Games are paying people to play. Streaming services are giving people rewards for listening. Apps and protocols are giving people rewards for using their services.
These behaviors seem like examples of markets losing touch with economic reality. But sometimes, irrational behavior makes sense. In fact, we live in an era where the craziest actions are often the most reasonable ones.
One reason is that consumers and investors do not operate in a vacuum. They have to choose between a limited number of options, which are often all bad (LINK: https://www.drorpoleg.com/the-tina-economy/).
But there's a deeper reason that reflects a fundamental change in how new businesses are built. To understand this shift, let's illustrate it with a familiar example.... " [snipped text goes on to talk about marketing supporting Gangnam Style which simply built it up and perpetuated it]
SUMMARY:
I'm not writing this to trigger you about cypto-currency or even Gangnam Style [hop hop-hop!] ^-^ but to see perpetuating things (even in this crazy department of tricks) can still work and I'm looking to our community and in myself for our own 'tricks' if only people it would go for 'good' all the time (win or lose) and invest so crazy and gamble into that even if we have to call it something different to 'reality' and 'human relationships', calling it something else to half-trick people / gamify / virtualise. make reality something else in their head until they finally get it / the many things along the way!
Thanks for reading