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> I guess some schools of economic thought do claim such nonsense. And what would that school of economic thought be exactly? > Wow, who would have guessed it
by lottin 5y ago
> I guess some schools of economic thought do claim such nonsense.
And what would that school of economic thought be exactly?
> Wow, who would have guessed it's in the actual definition of the word?
The definition of the word 'scarce' implies the notion of high price?
- rantwasp 5y agoyes: deficient in quantity or number compared with the demand if you believe in all the economic bs we are being fed, something scarce is going to increase in value until it's no longer scarce. that's literally the definition: deficient in quantity or number compared with the demand
- lottin 5y ago> yes: deficient in quantity or number compared with the demand If you want to go with that definition, then bitcoin isn't scarce by definition. Something can have a fixed supply and be abundant compared with the demand.
- deleted 5y ago[deleted]