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Doso's avatar

How interesting; according to the Wiki page on the Hope Diamond, its alleged curse was likely devised as a marketing ploy a la Blair Witch project. There's a list of the previous owners there along with their ages and causes of death, and it all looks standard fare indeed. It also debunks some of the alleged tragic deaths that were associated to its history.

They also claim these sorts of rumors are actually not unusual as a way to add mystique and perceived value to what ultimately are baubles with subjective value only. And as you aptly mention, diamonds in general were arbitrarily made valuable by what can effectively be regarded as speculative rumors.

A modern age version of this phenomenon can be found in retro videogames; every now and then you'll catch news waves of how a boxed first edition cartridge of video games like Super Mario 64 were sold for six figures, and when digging deeper into it, it typically becomes clear that whole situation was likely a speculative marketing ploy to artificially inflate the price of old cartridges, in order to inflate their market value. Same for cryptocurrencies in general (and NFTs in particular), which were likely devised as a highly sophisticated modern day technologically flavored Ponzi scheme.

I find it really fascinating how these thrilling stories stoke the imagination of people so intensely in a way that moves huge amounts of money, which in turn keeps the world moving . I find the meta aspect of this stuff even more fascinating than the actual stories - why the heck do people get so hung up on these stories? Maybe because they appeal to primal goblin-brain-type emotions like greed and fear and lust?

Would love to read your speculations about such matters, in a future article. Here you outlined the "what"; why now outline the "why" in another occasion? Good stuff, well done!

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Ryan W.'s avatar

I agree that diamonds are over-glorified rocks.

I do get the whole "curses aren't real" mindset, though. The Bermuda Triangle was supposedly cursed. It includes an incredibly popular tourist destination. There's so much fear-mongering noise out there. The Mayan calendar is ending so the world might end? That didn't happen. I might worry about snakes if I'm wandering through the woods. If I'm in my bedroom and nobody said they brought snakes into my house, then I don't worry about snakes. It's just extra energy expended, carefully checking under the sheets for predators before settling down for the night.

Part of it may be that hypervigilance is stressful. I hate long-acting amphetamines, also. Always worrying feels bad, man. Part of it may be that hypervigilance is status lowering. But part of it is that there are a literally *infinite* number of things in this world I can worry about. So remaining sane involves sifting the real threats from the illusory ones and not worrying about those things which are likely bullshit. Sure, there will be some false positives and false negatives in my list. But in a Bayesian sense, unless something might be made of radium and giving all its owners cancer, I assign a a pretty low probability to the notion of something being 'cursed.'

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