Where Bitcoin Fits in a Post-Scarcity World
The Breakdown
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The Future Looks Like Scarcity
More and more of what we consume has an effectively infinite supply. There is a seemingly unlimited supply of short form at vidios. Instant access to nearly every piece of music ever made. Check quick visit to the department of motor vehicles, probably not in my lifetime. Gasolene powered cars or complex mechanical systems where thousands of little gas explosions each minute propel you forward. And they depend upon fuel made from dead dinosaurs. But even other products and services are slowly but surely headed in the same direction. Though the cost of a new television or a house may never be zero, are headed forever lower thanks to continuously rising worker productivity.
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