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Why would I want artificial scarcity in any situation? Scarcity is bad.

• nomel 5y ago
  > Scarcity is bad. We could just print money and all be rich? If you value money, and you think that compensation for work can be paid with money, then compensating the work that went into creating digital goods seems appropriate. Should compensation for digital goods be through donations?
  • hgomersall 5y ago
    Banks pretty much can. The only real limit on bank money is the banks ability to find a credit worthy borrower. There's far more of that in the system than central bank money. Of course the issued currency is balanced with a liability. In the case of normal banks this liability is generally taken by a person or entity in the system. For the central bank it's marked up as not-yet-taxed-away money. Crypto currencies are just silly and absolutely rely ultimately on social stability, which essentially means the state.
  • smt88 5y ago
    > compensating the work that went into creating digital goods seems appropriate. Should compensation for digital goods be through donations? I consume digital goods all the time, and I pay for them with money. Money is an inflationary asset that I keep in order to pay people. It is not an investment, it's value (in my country, the US) is stable, and I get paid in money. There is no cryptocurrency that shares these characteristics and there never will be as long as people try to pitch it as both deflationary (good investment) and spendable.
    • nomel 5y ago
      > I consume digital goods all the time, and I pay for them with money. Do you have an example of one that's not digitally scarce or donation based? Or is donation the future?