Scarcity is not enough for something to have value. People’s desire for it (for whatever reason) gives Bitcoin value. So far so good. Let’s keep improving it!
Discussion
This got me thinking. If bitcoin were not scarce, I cannot imagine it having value. But because of its scarcity, I cannot imagine it not having value.
I think what you might be describing is that scarcity as necessary but not sufficient condition. Question then would be, other than Bitcoin, are there in the world scarce things that nobody wants? Or I am wrong, and all scarce things are desired by humans, and thus have value?
I agree. Humans seem to have a desire for scarce things, but this can be outweighed by a difficulty or burden of possession, or perhaps it's something offensive to human nature. So, yes, scarcity not sufficient in all cases, but in conjunction with bitcoin's other properties, probably its most powerful.
I hope you are totally and utterly right my friend. Let’s keep working for Bitcoin to be that path to freedom! Have a great day