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Something physically existing or not is not what makes a status symbol. Are you implying something about energy consumption of blockchains? The network these are on (ethereum) no longer uses PoW mining, so the energy argument does not work here.

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zalgotext@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

Something physically existing or not is not what makes a status symbol.

It quite literally is lmao

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- cricket98@lemmy.world ⁨1⁩ ⁨year⁩ ago
  Not at all. Membership to a country club can be a status symbol, as an example.
  
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  - zalgotext@sh.itjust.works ⁨1⁩ ⁨year⁩ ago
    Membership to a country club grants you… physical access to a country club.
    
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    cricket98@lemmy.world ⁨1⁩ ⁨year⁩ ago
    And this monkey picture gives you access to events.
    
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