alt Hacker NewsYou argument is that it could have some long term value, which is different than a lottery ticket (which has a calculable minimum expected value at time of purchase).
You argument is that it could have some long term value, which is different than a lottery ticket (which has a calculable minimum expected value at time of purchase).
Slightly more abstract: my argument is that assets with a very skewed probability distribution of future value will have a positive current value, even if in the vast majority of cases, they'll be worthless in the future.
Lottery tickets were only an example.