[nivertech]

> This is no different than of someone just happens to own a whole bunch of silver, and the price of silver goes up in the future.

Silver is a natural scarcity. Bitcoin is an artificial scarcity. To get 10% of Earth's silver supply one will need to invest a lot of equivalent real-life resources. Satoshi just very cheaply early-mined 1M bitcoins.

> Deflationary currencies are not a new thing.

Commodity-based (i.e. based on natural scarcity) deflationary currencies are not a new thing, but "cryptocurrencies" are based on an artificial made-up scarcity, not even on a math-based scarcity (PoW math puzzles used for leader election only).