The Dumbest Bitcoin Take I’ve Seen This Year
Yes, this is real. A Financial Times reporter (who’s been covering Bitcoin for seven years) thinks that Bitcoin’s scarcity doesn’t matter because her teeth are scarce too. It’s wild how often people in finance or media still throw out this argument without understanding the basics of how value works. It’s not 2013. These takes are embarrassing. So I made a short video breaking down: – Why scarcity alone doesn’t create value – What actually makes something economically valuable – Why Bitcoin was engineered to do exactly that and why the market agrees submitted by /u/thesatdaddy [link] [comments]
| | Yes, this is real. A Financial Times reporter (who’s been covering Bitcoin for seven years) thinks that Bitcoin’s scarcity doesn’t matter because her teeth are scarce too. It’s wild how often people in finance or media still throw out this argument without understanding the basics of how value works. It’s not 2013. These takes are embarrassing. So I made a short video breaking down: – Why scarcity alone doesn’t create value – What actually makes something economically valuable – Why Bitcoin was engineered to do exactly that and why the market agrees [link] [comments] |
