Water is abundant and valuable. That doesn’t make things that are scarce valuable by default.
I just farted. It was an incredibly scarce fart, one of a kind in fact. It would be incredibly hard to capture. Does that make it valuable?
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"Water is abundant and valuable." not really. only situationally.
scarcity is a necessary component to value.
"so everything you listed only has value because others decide to want it and they have relative scarcity?"
you are trying to pick that apart in a retarded way. people must want/need it and it must be scarce. then it will acquire value. this is true for everything.
It’s not that hard to capture a fart, you just need to make the effort.