Comments by "Mark Armage" (@markarmage3776) on "Diamonds are a scam | Saifedean Ammous and Lex Fridman" video.

@dco1019 No, it's also the size and the rarity of it. Usually it's valued by the rarity. The most expensive diamond in the world isn't the most perfectly shaped, it's the rarest and most highly valued. And it's usually because of historical impact.
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That's a stupid statement showcase no knowledge of diamonds or science. Keep it real, homie. Which artificial diamonds? Manufactured by what method? Under what conditions? Compared to which classification? And again, diamonds aren't sought after just because they're pretty, it's because they're expensive, the same with any other kind of products of value, to satisfy one's ego. Just like how Americans use Iphone for no considerable technological advantage.
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@TezDaGunMane That's not how the word "useless" and "worthless" means. Why don't you go grab a dictionary?
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@dco1019 Again, like I pointed out, it's about the rarity of the diamond. That's why they're valuable. It doesn't depend on shape or size, but the rarity of it that makes it has value. An artificial diamond that is easily replicable is not of any worth to the consumer as a natural one. This isn't about geometry or chemistry, it's about economics.
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@dco1019 Yes, just like how the same amount of money earned through lottery is more valuable than earning it through the traditional way. It's all a bunch of subjective opinions that decide how much something is worth.
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