>If you think that scarcity is sufficient to prove that something is a good store of wealth, I have some paintings, that my children did, that I'm happy to sell

>If you think that scarcity is sufficient to prove that something is a good store of wealth, I have some paintings, that my children did, that I'm happy to sell you. Scarcity is literally the only thing that makes goods valuable in a capitalist society. This is basic econ 101. Gold is more valuable than air because it is scarce and hard to produce (mining is the only way to generate it). If you think that an entity, that your children can at their will generate in any quantity is scarce, it means you're confusing uniqueness and scarcity. If you're certain that bitcoin is doomed to fail, you certainly should be shorting it or selling calls / buying puts above spot price. Are you? You're a fraudster if you advocate a position for which you have no downside exposure in case you're wrong (Doctors who advocate patients to take drugs they haven't assessed the side effects are morally bankrupt). Feel free to remember this thread in 10 years.