serapath on Nostr: Oh my gosh how i hate this stupid narrative of "bitcoin being scarce". This is the ...

Oh my gosh how i hate this stupid narrative of "bitcoin being scarce".

This is the worst phrasing that could be used.
Money can never be scarce in the real sense of scarcity.
Money supply can be absolutely limited, but whether some people horde it away or not, prices on the market will still adapt so even a very small amount of bitcoin is totally enough to run the economy and if ppl stop hoarding then prices will temporarily spike but then again stabelize.

This is different from goods like food or housing or any other goods and services. People need to survive and nothing adapts here, so there can actually be real scarcity.

Bitcoin is the money of abundance mindset - the fear of your buying power disapearing from your hands a thing of the past.

This stupid "scarcity narrative" scares people away for no reason, because its just creates a big misunderstanding.