CD3: Shitcoin Regrets and Pricing the World in sats with dergigi & croesus_btc
Citadel Dispatch
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The Refrain That Bitcoiners Need to Focus on Is Absolute Scarcity
Bitcoin is a one-time invention and that's Bitcoin. Any copy of a system of digital scarcity is by definition not scarce because what's the marginal cost of creating an additional copy after that? Nothing. So, there's no scarcity in any copies of the first and only instance of digital scarcity in a matter of Bitcoin. And so, yeah, it's amazing to me that Bitcoin's been around like 12 years now and we only just figured out the way to articulate what makes it so special but now we have it.
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