Blockchain tokens are digital blood diamonds. Their value in based on their scarcity, which is entirely artificial. It's quicker and cheaper (and less lethal) to manufacture diamond from abundant carbons than to mine natural ones. Similarly, it's quicker and cheaper to generate tokens on new blockchins than to mine them on existing ones.

(1/?)

#BlockChains #BloodDiamonds

So there's no logical reason to claim scarcity makes diamonds or blockchain tokens valuable. Except for one or both of these two;

1) You hope to dump them for a profit, pump and dump.

2) You're an Austrian economics goldbug, and you think scarcity makes them valuable because you believe it's the only possible source of value, for everything.

(2/2)