Michael Saylor thinks #bitcoin is #capital, not #currency, and would like to see the world adopt the digital U.S. dollar as #money instead.
I vehemently disagree with his perspective.
My latest for nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu.
https://bitcoinmagazine.com/takes/michael-saylor-doesnt-understand-bitcoin
I want to make a correction to this article. Bitcoin is not scarce. Bitcoin is limited, finite.
21 million is not scarce.
21 quadrillion is not scarce.
Its just we cant make more, thats the important part.
The number could have been larger or smaller, it doesnt matter. It is technically smaller now.
or what ever the number of satoshis are, quintillion. lol
But there's infinite demand so any limited supply is scarcity
What do you mean infitine demand? Demand is also finite.
If you measure demand in dollars it's infinite for many assets because dollars are freely printed by moving bits around in bank computer networks so there are unlimited dollars
If you measure demand in people it's potentially infinite for strong assets like Bitcoin because we don't really know for sure if people will ever stop being born
Good distinction
