The Number Zero and Bitcoin | Episode 1 | (WiM302)
The "What is Money?" Show
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The Absolute Scarcity of Bitcoin
Since Bitcoin algorithmically and thermodynamically enforces an absolutely scarce money supply, we can say that its scarcity is infinite. Unlike Bitcoin, no physical form of money could possibly guarantee a permanently fixed supply. In the world where Bitcoin already exists, a successful launch via a proof-of-work system is no longer possible due to path dependence. Any attempt to introduce an absolutely scarce or diminishing supplied money would likely collapse into Bitcoin as we saw with the Bitcoin Cash fork.
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