A principle that stuck with me from my time at Google was a quote from co-founder Sergey Brin that “scarcity breeds clarity”, alluding to Google’s humble beginnings in a Menlo Park garage. Being confined to a small space and limited resources helped Brin and his co-founder Larry Page focus on the essential and thus build one of the most important products and businesses in history.

Today, clarity is hard to come by, both in the products and news stories we are exposed to and in our day-to-day interactions with colleagues and friends.

#Bitcoin proponents will claim that the current absence of clarity in our social, economic and political lives is largely due to… an absence of scarcity.

When money is not scarce but abundant, even the worst business ideas (the class of WeWork, Peloton, Snapchat, 23andMe etc.) can garner a lot of initial attention and make their founders very wealthy before inevitably returning to a more sober valuation. An abundance of bad ideas and businesses, funded through the dilution of all our purchasing power results in frustration from those who are not participating in the pipe dreams. And this frustration eventually overflows into outright hostility and political radicalization as the resulting inflation makes most poorer.

Only scarce money can return an economy back to clarity and sobriety. Scarce money, not subject to arbitrary government debasement, allows for unencumbered price discovery for economic goods.

#Bitcoin is the only scarce money currently in existence.

Maybe, just maybe, a #Bitcoin economy will end the myopia and blurriness of our current economic and social lives and will ensure that those who are playing crucial roles in our society (nurses, teachers, artists etc.) earn their fair share again.

(If you enjoyed this short read, I would really appreciate a like on my substack page: https://soirbleu.substack.com/p/scarcity-breeds-clarity)