pull down to refresh
50 sats \ 0 replies \ @Undisciplined 22 Jul \ parent \ on: Are Sats Scarce? bitcoin
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.