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Bitcoin is about sound money in the real world. Artificial rarity is a feature in that space. Proof of work is about grounding the system in the physical world.
by bitcoin_anon 5y ago
Bitcoin is about sound money in the real world. Artificial rarity is a feature in that space. Proof of work is about grounding the system in the physical world.
- cuteboy19 5y agoAnd now we have 90000 Bitcoin clones with only slight differences. Every dollar invested into these shitcoins is a dollar not invested into Bitcoin. So much for rarity
- bitcoin_anon 5y agoIf I sell you fools gold or silver, does that change the rarity of gold?
- jdrc 5y agobitcoin is not about creating artificial rarity, it's a different kind of system that creates real rarity, and can defend itself. Artificial rarity is when copiable or physical items are being considerer rare by fiat of a smart contract that cannot enforce itself, is not fundamentally tied to the item, and ultimately depends on the kindness of strangers to keep functioning.