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Like NFTs, the important question is not "what can you do with it" but "how much did you spend on it". It's a https://en.wikipedia.org/wiki/Veblen_good



At last those bikes are clearly in the subset of veblen goods where you need more than just cash to gain the status. A bike not ridden "adequately" (whatever that means) is like owning art without even pretending to know something about the art in question. You could do it as a provocative statement, but that would get old quickly.




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