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42 sats \ 1 reply \ @OT OP 22 Jul \ parent \ on: Are Sats Scarce? bitcoin
I still think that in this period there are enough sats to go around. Scarce isn't the right way to describe them. If bitcoiners, companies and nation states keep hoarding I think there could be a time when sats become scarce. We'll have to see how it plays out.
Maybe I'm missing something... I hear it every day "Bitcoin is the scarcest.... the world has ever seen" etc. I'm not seeing it.
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50 sats \ 0 replies \ @Undisciplined 23h
I think that language is using the term a bit imprecisely.
Scarce is more of a qualitative category. Anything that can’t be obtained in plausibly usable quantities for free is scarce. At that point, prices and ownership are needed to effectively allocate the resource.
You don’t need prices or ownership for abundant resources.
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