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Replying to Avatar Mike Brock

Artificial scarcity is critical to making bitcoin secure. But artificial scarcity in housing, imposed by NIMBY local politicians is hopelessly immoral and one of the most economically damaging policies this country has inflicted upon itself.

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captain ☦️ 2y ago

This statement should make it obvious that substitutes for Bitcoin will be found. The only way Bitcoin could be permanently deflationary is through artificial scarcity.

https://github.com/libbitcoin/libbitcoin-system/wiki/Substitution-Principle

https://github.com/libbitcoin/libbitcoin-system/wiki/Utility-Threshold-Property

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