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>> "the only way to enforce artificial scarcity is through laws / legal systems and DRM", which is clearly false Without laws or DRM, there is no digital scar
by thesuperbigfrog 4y ago
>> "the only way to enforce artificial scarcity is through laws / legal systems and DRM", which is clearly false
Without laws or DRM, there is no digital scarcity.
The article itself states: "Digital goods aren’t naturally scarce. The marginal cost to replicate them is practically zero, as anyone who ever copy-and-pasted something can attest to. For this reason, digital scarcity used to be an oxymoron. If something is digital, it is just information, and information can be easily copied."
Bitcoin is neither legally mandated nor is it a universally enforceable DRM scheme unless you choose to use it as one.
It only has value if you value it. If I do not use Bitcoin because I think it is bad for the environment and bad for society, it does not impose any artificial restrictions on me.
Is Bitcoin then a form of self-imposed DRM? Perhaps.