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A comment on I, Token: The untold story of the hole in Bitcoin's heart. Parent comment

Re:I, Token: The untold story of the hole in Bitcoin's heart by lottin on Saturday July 31, 2021 @05:52PM (#28021858)
> I guess some schools of economic thought do claim such nonsense.

And what would that school of economic thought be exactly?

> Wow, who would have guessed it's in the actual definition of the word?

The definition of the word 'scarce' implies the notion of high price?

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Re:I, Token: The untold story of the hole in Bitcoin's heart by rantwasp on Saturday July 31, 2021 @11:42PM (#28023618)
yes: deficient in quantity or number compared with the demand

if you believe in all the economic bs we are being fed, something scarce is going to increase in value until it's no longer scarce. that's literally the definition: deficient in quantity or number compared with the demand

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Re:I, Token: The untold story of the hole in Bitcoin's heart by lottin on Sunday August 01, 2021 @02:33AM (#28024287)
> yes: deficient in quantity or number compared with the demand

If you want to go with that definition, then bitcoin isn't scarce by definition. Something can have a fixed supply and be abundant compared with the demand.

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