/biz/ - Business & Finance

>>9898622
>one week ago was 35 years ago

>What were you doing when the entire cryptocurrency market exit-scammed, grandpa?

Also Scarcity does not = value
Contrary to what people might say around here.
Sometimes scarcity exists for a reason.

I was born in the early 80s so I was there for the glorious climax of the video arcade. I can tell you why it happened and I can tell you why it will never happen again. Computing power was expensive AF back then.
Games at the arcade were light years ahead of anything you could get on a home console and that's why the best video games of the time were all "crowd funded" by children's lunch money.
As home computing power came down in price the arcade lost it's novelty. Why would I go to stand around in a loud smokey room full of body odor and pedophiles to play Samurai Showdown when the SNES port is just as fun?

Eventually it was down to just the gimmicky games, early tech demos for motion controls... or "classic game rooms" opened up full of arcade machines that had a credit button wired to the former coin register and you just paid to be there by the hour. Those all eventually closed down and were replaced with swinger's clubs and sports bars though. There's just no need for such places anymore.

so you might think you are addressing a scarcity in the market... when in reality you are just gambling on an obsolete idea. People say it's interesting because it triggers their nostalgia, but they aren't going to spend a lot of money there. They'll go once or twice... and when the rosy tint gets wiped from their glasses never again.

>>7218685
Common sense just isn't so common now is it? What ever happened to that ole adage; if it seems to good to be true then it probably is.

>>7120387
Or I've just been around long enough to call this all a case of deja vu

>>7116812
Also
>The Koreans and the Chinese actually have enough free time to fuck around on bitcoin exchanges
Wow. They sure have made massive human-rights strides since I was a wee lad.

>8 hours was 21 years ago
feels old man.