Digital scarcity is what crypto provides. For Bitcoin, digital scarcity means that as more people believe in it as a store of value, it becomes more valuable. It’s a self-fulfilling prophecy. For me, that was always clear. Yet I didn’t quite get digital scarcity for other newer tools like non-fungible tokens (NFTs). The example that I always imagine is a 2D piece of art. Those are pixels, and therefore can be infinitely replicated at zero marginal cost. Isn’t that the whole point of the Internet? To bring abundance to all?
Digital scarcity
Digital scarcity
Digital scarcity
Digital scarcity is what crypto provides. For Bitcoin, digital scarcity means that as more people believe in it as a store of value, it becomes more valuable. It’s a self-fulfilling prophecy. For me, that was always clear. Yet I didn’t quite get digital scarcity for other newer tools like non-fungible tokens (NFTs). The example that I always imagine is a 2D piece of art. Those are pixels, and therefore can be infinitely replicated at zero marginal cost. Isn’t that the whole point of the Internet? To bring abundance to all?