Exactly.

Sats ARE scarce. But only the wealthy care about scarcity. Most people are just trying to survive til next week. They'll use whatever medium of exchange their local area uses. Scarcity to the majority is meaningless.

But the wealthy absolutely care about scarcity. They need a place to put wealth that won't be siphoned from their local government, or mined from an asteroid. They lay awake wondering how they can preserve their wealth across multiple generations; in a world that is constantly trying to take/steal that wealth. Mining more gold is one way in which they are "stolen" from. So even gold isn't safe in their minds. They are frantic for something else..... something Mathematical, digital even.