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the market has chosen faux-scarcity many many many times over (at least) hundreds of years. we live in a market based economy, the market doesn't care that your
by vmception 4y ago
the market has chosen faux-scarcity many many many times over (at least) hundreds of years. we live in a market based economy, the market doesn't care that your MySQL database can do it, the market is saying "I'll pay you to write to a public access database you set up, so quit with this Betamax technical superiority stuff, we don't care."
- gffrd 4y agoIt's not about technical superiority … I think it's more about morality/ethics: is it _right_ that we should introduce scarcity artificially when it doesn't exist naturally, with the primary outcome being that a small group will exploit it at the cost of many who can't? Is that healthy? Yes, it is a free market issue, and people will choose what they know, and will choose based on their fears.
- vmception 4y agothere are plenty of crypto (and non-crypto but tech) projects that opted not to introduce scarcity, or simply failed to while they intended to. the market ignores them. you can praise them if you want. the teams ran out of money and did something else for food and shelter and nobody in the community wanted to use their own resources to continue. the survivorship bias goes to the what you see, the high flying things that galvanize participation and the human element well, which is based on current and increasing and sustained scarcity.