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I kinda balked at that too, but I think what the author was getting at is their scarcity is "real", in the sense that unlike fiat currency, there's nobody who c

I kinda balked at that too, but I think what the author was getting at is their scarcity is "real", in the sense that unlike fiat currency, there's nobody who can just print more whenever they see fit. I don't really agree with equating scarcity by itself with value, but when comparing to fiat currency, it makes some sense.

notavalleyman 9y ago
> their scarcity is "real" Then why does every imagined new application of blockchain also create a new coin-type? If someone really does come up with the killer app for blockchain personal banking...well then why would they deploy it on the existant bitcoin network. And the next killer app, and so on. Now everyone is using the killer-app coin, why would bitcoin maintain value, or any of the clones.