Often these same people claim Bitcoin has artificial scarcity.

Wtf do they think about the scarcity of their LV handbags then? Is leather suddenly impossible to come by? Or do they limit production on purpose to increase perceived value?

Don't even get me started on diamonds... DeBeers pulled off possibly the biggest con of the 20th century. Diamonds are not rare, precious, or valuable.

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Diamonds are worthless

Diamonds are worthless forever