Oddbean new post about | logout
 You are right, my paintings are worthless, the people who bought them so far don't like my art, they just felt like throwing away their Bitcoins... 🙄

nostr:nevent1qqsr40w4whzx29wmdf65xv3gpmx427y9p3ujm70qkyw0rwfv4puxy7qpzemhxue69uhkummnw3ex2mrfw3jhxtn0wfnj7q3qc7k2hu076gq62vv9unw9urrt4c4utkce6uatlpq9xhestk8s2xqqxpqqqqqqz8zs4kw 
 I didn't say they are worthless. 
I said your paintings don't gain value after being purchased. In fact your paintings probably lose value over time. 

Bitcoin on the other hand will continue to gain value.  
 Then why buy anything ever? Your statement applies to pretty much everything one would or could buy. 
 Indeed. Not everything needs to gain value. You can also just enjoy the nice things in life, that’s also value 💜 
 Not everyone is buying art as an investment. I might just like to look at a particular picture on my wall. Buying everything based on the value it might give someone else in the future seems like a pretty pointless life. Art should be bought based on the value it brings to your life.

I don't think art is necessarily a good investment anyway unless you plan on outliving the artist (or they are already dead) AND a lot of people like their work or you have reason to believe they will. The problem with art is that it could be low value now but priceless in a museum two hundred years from now. It's also super niche. Money isn't. Everyone uses it. 
 So why would you hold fiat in your account? You are saving in a currency that a guaranteed to lose purchasing power. And you don't even have anything to show for it? You just have a pile of currency that are less valuable. So with your logic you babe to buy everything right now with your currency. So you're left with 0 savings. And a bunch of goods you probably can't sell for more than you purchased them for.  
 Don’t be discouraged 💜 This guy clearly doesn’t understand the value of art. Fiat mindset. 
 How can I be discouraged when the person who decided to buy one of my paintings did so with the most valuable coin that ever existed? 🫂🎨