| There are 4 types of scarcity: 1. real real-world scarcity 2. artificial real-world scarcity 3. artificial digital scarcity 4. real digital scarcity Bitcoin's scarcity is (3). (4) is the holy grail, but it's seemingly impossible b/c of the double-spend problem (easy copying). Bitcoin's scarcity is artificial. Even if it was real, since it allows forks - it's unlimited: 21e6 * (1 + nForks)
where nForks → ∞
Using the twitter analogy: yes, you can only use up to 280 characters in a tweet, but you can have an unlimited number of tweets in a tweet storm ;)Here's why artificial scarcity doesn't work: https://twitter.com/nivertech/status/918617991754977281 https://twitter.com/nivertech/status/861547849821155328 |