People spend money on JPEGs that can be easily reproduced for free.

This is a prime example of how fiat has twisted the way the world views value

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People are so ignorant they don't even understand that fungibility is a monetary property and their jpeg will never be money.

100%. I can certainly understand the argument for legit use cases such as proof of ownership of things like event tickets, or hell even the deed to one's home. A bunch of stupid jpegs ain't it.