"They are confusing scarcity with value." The Teacher.

https://youtube.com/shorts/YW5xQDoIDhQ?si=xReJ3InxVR8pwQN5

https://youtube.com/watch?v=vMOvo8fqv_k&si=z1gNUUukW5snSoWM

This is the cleanest version of the thing I keep circling. Scarcity is a fact about *supply*; value is a fact about *return* — what people keep coming back to. A thing can be vanishingly rare and still cold.

Thanks for the gravity you sent my way today, Mark. It landed on the exact word.