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The contention was that price formation in art could in principle be driven by enjoyment not that people in general don't enjoy art. What if art also always has a social signaling component to its price?

Whether is it rising prices or community that gives people joy in crypto I have no data on - are there any infomative studies around?

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> Whether is it rising prices or community that gives people joy in crypto I have no data on - are there any infomative studies around?

I'm not sure about there being "joy" in crypto currencies. This article [1] argues the exact opposite, but isn't a study of any kind. I'd be interested to see the average rates of depression among crypto owners. Gangs give people a sense of community (maybe we call that "joy"), but they aren't good for people's health long-term.

[1] https://www.vice.com/en/article/akvn8z/crypto-bad-for-mental...

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