My point is that Bitcoin (a specific ledger with a specific number of units and a specific schedule of issuance) was invented, could easily have been invented differently, and thus is not truly scarce.
I can make Bitcoin 2.0 which takes the exact same source code but only ever issues 100,000 units.
Should my Bitcoin 2.0 be worth 210 times as much as your Bitcoin 1.0? It's 210 times as scarce but with the exact same properties
asourcefamiliarwiththematter / a source familiar with the matter
npub17k6…hcd0
2024-05-10 17:25:16
in reply to nevent1q…m5qe
Author Public Key
npub17k64766yhzvhk2mws356dftl35lnkthjwq34gdz9cs8va3y9aejqwmhcd0Published at
2024-05-10 17:25:16Event JSON
{
"id": "f66d86f0e590148347e6293e0ee11e8a2449377ed0555941d30c049c4e0fda39",
"pubkey": "f5b55f6b44b8997b2b6e8469a6a57f8d3f3b2ef27023543445c40ecec485ee64",
"created_at": 1715354716,
"kind": 1,
"tags": [
[
"e",
"4b638e57fd73121437bb5d937cf6292482832605ede298f5bce0502d98c845a1",
"wss://relay.primal.net/",
"root"
],
[
"e",
"0dd321e4e7d6736632a8c6a7f38a5c733c3fbd80c06be24907d2054eaec2d668",
"",
"reply"
],
[
"p",
"4b74667f89358cd582ad82b16a2d24d5bfcb89ac4b1347ee80e5674a13ba78b2"
],
[
"p",
"f5b55f6b44b8997b2b6e8469a6a57f8d3f3b2ef27023543445c40ecec485ee64"
],
[
"p",
"b95e8c045f73d5fad56ebe85ade0971e76b755ffccb0cc5ab1b4c890e9a7220f"
]
],
"content": "My point is that Bitcoin (a specific ledger with a specific number of units and a specific schedule of issuance) was invented, could easily have been invented differently, and thus is not truly scarce.\n\nI can make Bitcoin 2.0 which takes the exact same source code but only ever issues 100,000 units.\n\nShould my Bitcoin 2.0 be worth 210 times as much as your Bitcoin 1.0? It's 210 times as scarce but with the exact same properties",
"sig": "77072dcfe4ae17d0812b35c7998cf5122755d8b3670fdd1b63494ae3704b05a904383f40cd75d3f8e55afa4f417e2787bb4c7380c2a4256f055c9303478fa2c1"
}