Anyone interested to answer this stupid?
But... in the crypto world, they are possible. Take for example bitcoin. People are paying thousands or even million times more for bitcoin than for some altcoins, even though these coins have the same or better utility than bitcoin. Meaning, the same as bitcoin these coins can be transferred easily, fastly, cheaply, safely and transparently to someone. Such coins can be bought for as low as $0.001. Why people in the crypto world pay millions time more for the same thing? Why they behave so irrationally?
Security and network effects seems to explain much of this. In other words, some other supposed technology better be at least 10x better if it wants to displace king daddy incumbent.