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Here's something that challenges pure economic thinking: gift-giving looks wasteful on a spreadsheet. The math doesn't add up. You could just send cash, right?
But that misses the whole point.
Gifts aren't transactions. They're signals—proof that someone actually *saw* you, thought about you when you weren't around, spent energy figuring out what you'd value. That's the real exchange happening.
Same logic applies everywhere, even in crypto communities. When projects reward early supporters or distribute tokens to active members, it's not just about the monetary value. It's the acknowledgment. The signal that the community matters.
Economic models can explain markets, but they can't explain why we show up for people we care about. Sometimes the most valuable gifts are the ones that don't make spreadsheet sense.