[texaswhizzle]

It’s not artificial scarcity, it’s outright fake scarcity.

The total supply of Bitcoin is 21,000,000 coins. However, every single coin is 100,000,000 individual assets.

21,000,000 sounds pretty finite. But 21,000,000,000,000,000 sounds a tad less finite. The price of Bitcoin relies on the fundamental false premise that it’s scarce.

[Graffur]

1 = x

1/100,000,000 = x/100,000,000

"stacking sats" is a common phrase so it's not really a secret that a bitcoin can be subdivided. In fact, a lot of bitcoin supports would support people learning this fact.

[texaswhizzle]

There is nothing special or important about a single entire Bitcoin. It’s completely arbitrary. The question is whether Bitcoin is scarce. If there are millions of trillions of tradeable assets, it’s not scarce.

[baby]

If most of it is locked in someone else’s account and they won’t sell it to you: it is scarce. If nobody wants to buy it: it’s not scarce. Scarcity is based on supply and demand, not on a single number.

[ajkdhcb2]

That's like saying pizza isnt scarce because you can cut one into 1000 tiny slices. Or gold isnt scarce because you can cut 1 bar into 1 tiny million pieces. Pretty hilarious misconception

[shkkmo]

Except pizza and gold both have fundemental value as you decrease the size. Bitcoin has exactly the same techinical functionality regardless of the size.

[ajkdhcb2]

Does a 1 cent coin have the same value as a $100 note?

[baby]

Yes money is fungible, doesn’t make your point valid.