Anything made rare by fiat, i.e., decreed so by law or code or by a person or organization, is only apparently scarce. I can digitally certify anything as an NFT, and it will truly be the only one certified as such, but I can do one every minute for the rest of my life. A million unique objects individually but collectively as common as snowflakes in a storm.

Consider when you get *any* hand in poker, lets say, 7d, As, 10h, 2c, 4c, that is four times more rare than a Royal Flush of which there are four versions. Oh my God! I can’t believe I got exactly 7d, As, 10h, 2c, 4c! The odds against me getting that specific hand were massive! Wow, crazy you got that hand. I can’t believe I got Ks, Kh, 10d, 4s, 5h! The odds you would get your specific hand, and I would get mine are unfathomable! Let’s see what everyone else got. This is a historic night in the history of poker!

https://chrisliss.substack.com/p/proof-of-work

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