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i don't understand your reasoning. it seems like you're saying potato chips aren't scarce, because I can break the chips in my bag up until everyone in the wor
by appleflaxen 9y ago
i don't understand your reasoning.
it seems like you're saying potato chips aren't scarce, because I can break the chips in my bag up until everyone in the world has a piece of potato chip, and thereby feed the world.
in economic terms, scarcity means that the supply is fixed. and bitcoin supply, by definition and network consensus, is fixed.
- oulrich 9y agoPotato chips have some intrinsic utility. Coins (digital or otherwise) generally do not. I think this is what makes 'breaking up potato chips' into a million pieces to solve hunger seem ridiculous. Where-as splitting a coin into values seems natural. To me at least.