Replying to Avatar Parman - Activate OP_GFY now!!

Scarcity is not what makes Bitcoin valuable...

It is simply a MINIMUM REQUIREMENT for a token to be considered a contender as worldwide dominant ubiquitously accepted money.

There are other minimum requirements and Bitcoin has them all.

Nothing else does so it's no contest.

Some things that are not minumum requirements...

1) bank the unbanked nonsense

2) Perfect fungibility

3) Complete privacy

4) Instant L1 transactions

5) Cheap self custody for all, including the very poor

6) Uncensorable JPEG storage

7) Some shit about saving babies

8) Equal distribution to all humans

9) Difficult to use by criminals

10) Usage of clean energy

11) Some non monetary use case, or "intrinsic value" nonsense

12) Backing. Money is what backs, it does not have backing by definition.
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Parman - Activate OP_GFY now!! 1y ago

Having more of such a required property doesn't allow the token to enter the race again. It's a MINIMUM; an all or nothing feature.

Eg, having ultra scarcity doesn't help if EVERY SINGLE OTHER minimum requirement is not met. If they're not met, then it's disqualified, not by a decision or by my opinion, but by economic consequences.

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