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by doggosphere
1897 days ago
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Scarcity is about the rate of supply meeting demand. In most commodities, as demand increases, suppliers will move to increase supply to meet that demand. Even with gold (of which the earth has some unknown finite supply), the rate of which it is mined and extracted will increase as market price increases. Bitcoin has a fixed supply, Bitcoin's daily rate of creation cannot be increased or decreased unless everyone agrees to it. |
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