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There are 4 types of scarcity: 1. real real-world scarcity 2. artificial real-world scarcity 3. artificial digital scarcity 4. real digital scarcity Bitcoi
by nivertech 4y ago
There are 4 types of scarcity:
1. real real-world scarcity
2. artificial real-world scarcity
3. artificial digital scarcity
4. real digital scarcity
Bitcoin's scarcity is (3).
(4) is the holy grail, but it's seemingly impossible b/c of the double-spend problem (easy copying).
Bitcoin's scarcity is artificial.
Even if it was real, since it allows forks - it's unlimited:
21e6 * (1 + nForks)
where
nForks → ∞
Using the twitter analogy: yes, you can only use up to 280 characters in a tweet, but you can have an unlimited number of tweets in a tweet storm ;)
Here's why artificial scarcity doesn't work:
https://twitter.com/nivertech/status/918617991754977281 https://twitter.com/nivertech/status/918617991754977281
https://twitter.com/nivertech/status/861547849821155328 https://twitter.com/nivertech/status/861547849821155328