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> Ethereum at least has a purpose, cryptokitties do not seem to have one

Neither do collectible stamps, yet people buy them regularly. The most expensive one costing $200K, with the face value of 15 cents.



$200K?

"On May 22, 2010, the yellow stamp was auctioned once again by David Feldman in Geneva, Switzerland. It sold "for at least the $2.3 million price [that] it set a record for in 1996"." https://en.wikipedia.org/wiki/Treskilling_Yellow




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