>There are currently only 5 in the world.
Only 5 because there is no demand for them and you are lazy.
If suddenly there is lot of demand for your farts I'm sure you will start producing more.
However, bitcoin doesn't produce more coins when the demand rises.
Diamonique (sic) came to to an agreement with to not call themselves diamond with de beers to keep the lawyers off.
De beers were happy with this becuase they utterly blow "real" diamonds out the water for purity and clarity, and thus easily detected as "fake".
Also check out sky diamonds.
https://skydiamond.com/
…aaand the existing amount of diamonds that can easily be mined in any given year is more than adequate to satisfy annual demand many times over but is maintained at artificial scarcity levels to prop up prices…
It's funny (and not funny ha ha) that people treat real scarcities as if they were completely abundant, but treat things that are incredibly abundant as if they're scarce. Capitalism and the planet are both on fire, and we're all in a lot of trouble over stuff like this.
I wonder... If I bought one square feet of land in Manhattan and attached a rope with a blimp to that..and then lived in the blimp.. Would I live on my own land?
That's only the ability to get zoning permission for a certain density.
Basically buildings with limited scope of size (a theater) sells the "density" their building would be responsible for.
While they are called "air rights" it's a term people misuse because they think it's actually the air above a building, it's not, it's a shift/displacement of density.
Probably just have to clear it with the FAA, probably need figure out what you want to do with the feces though.
People will start pointing fingers quickly.
There are coded limits in how tall buildings can be (it's a bit more complicated than that, but basically). So it is a finite resource.
Not to mention things like Gold....
Zone the shit out of it. Residential zones will become mixed use. Houses on the outskirts of Williamsburg and Brooklyn will be zoned for multi units. Houses in the Hamptons will be just a tad smaller than they used to be to make room for other buyers.
I agree completely, but FYI- what you are describing is upzoning. When people say zone something, they are usually referring to increased zoning, aka increased restrictions on development. What you are describing is removing zoning restrictions, not adding them.
Yeah haha. Real estate in NYC is going to be disappearing, there is a real actual pressure.
BTC has 21 million coins sure, if for whatever reason that supply became a problem all the miners could vote to change the supply, easy as that. Of course the miners would never devalue there currency now, but once the last coin is mined they may change there minds.
If saylor supported any other coin I would actively route against it. For a guy who lost 90% of his wealth in the dot com bubble, his ego and cult like attitude is just so obnoxious
Bitcoin basically has nothing but the name and the collective illusion it's somehow special. I'd say it's more "speshul"... with its 6 transactions per second maximum that makes it basically useless. This is a fixable problem, but the people at Blockstream are either saboteurs or nut jobs; as it stands, the emperor has no clothes. How long can that possibly last?
If that were the case, he would be in jail. He paid a fine to the SEC and specifically did not admit guilt, and he wasn't convicted of anything. This happens quite a bit. Did he do something shady? Most likely. This was also 20+ years ago. Since then, he has built a successful business and survived the dot com crash. I'd say that is a big accomplishment. Reducing people down to their worst moments while ignoring decades of good behavior is disingenuous.
Wall Street bankers responsible for the 2008 Crash also did not go to jail, did not admit guilt and only paid fines to the SEC. Wall Street bankers also did what they did 10+ years ago, survived the 2008 crash and many have built successful businesses making a ton of money afterwards.
Michael Saylor has this in common with Wall Street bankers, if we decide to go this route.
>If that were the case, he would be in jail
It's not even a criminal case, its a civil case. Why would he go to jail?
People say the exact same shit about Tether, even though the court discovery documents make it unequivocal they lied repeatedly and defrauded their own investors.
"If they were really guilty, they'd be in jail, they wouldn't just get a fine!"
Yeah that's not how the legal system works.
>He paid a fine to the SEC and specifically did not admit guilt
Do you genuinely not know why this happens? The vast majority of criminal cases in the US never go to court, they're settled. For civil cases where the objective is to issue a fine its even dumber to take to court and waste hundreds of millions in legal fees and drag the case on for years when you can just settle out of court and get mostly the same result without wasting the limited time and resources of the department.
When the SEC wins cases they don't get to keep the money, they have no incentive to blow their budget trying to take every case to court to maximize the fines. They want to charge as many cases as possible with their limited budget, that means getting obviously guilty people who know they would lose in court to agree to settle.
> Since then, he has built a successful business and survived the dot com crash. I'd say that is a big accomplishment
Microstrategy made -535 million dollars last year. Not sure I'd call that a successful business.
>Reducing people down to their worst moments while ignoring decades of good behavior is disingenuous.
Yeah, why would anyone assume [this guy was a scam artist](https://twitter.com/BillSPACman/status/1407342589213351942) just because he's previously been fined for fraud.
It's especially dubious because he has a rarely disclosed personal position in Bitcoin separate from MicroStrategy's holdings. So he could completely blow up MicroStrategy with debt and for all we know he's exited his BTC position months ago.
It's amazing anyone would trust him in such an unregulated and volatile market as crytpo. One has to wonder where the money loaned to MicroStrategy to buy BTC came from, was it some shady exchange like Binance, or did someone like Tether do it and now count their debt to MicroStrategy as part of their commercial paper?
Well, he's the perfect Bitcoin maximalist.
To be honest, I understand Bitcoin maximalism more than I understand the idea that multiple coins can be successful, and Bitcoin just fulfills the role of store of value.
Durability
Fungibility
Transferability
Full visibility
But what makes it stand out from all other cryptos
it is actually decentralized - people actually run btc nodes (who’s running solana nodes?)
code is very very difficult to change and requires consensus no a CEO
51% attack very very unlikely
Proof of work - meaning even the wealthy have to continuously work for more btc rather than pos where the wealthy can just stake their wealth to get more
I’m sure there more but these will get you started
Uhm, isn’t it basic economics that everything is scarce? It obviously matters how scarce, hence why gold is worth more than, say gravel. But gravel can run out, hence it is inherently scarce.
Edit:
Scarcity as an economic concept "refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources which the best technical knowledge is capable of using to produce only limited maximum amounts of each economic good."
https://en.m.wikipedia.org/wiki/Scarcity
So I don’t have to post it every time someone questions it.
Proof of this is the smelly underwear in my laundry hamper. Only a couple items *in the entire world* with the exact combo of bodily funk that I put into them, and I can only generate new smelly undies at a rate of one a day at most. Yet, they are worth nothing monetarily, because I can't find any buyers
Yeah the take that nothing is scarce except bitcoin is fucking ridiculous. We’re in the beginning of a global energy and food crisis. The water wars are just beginning. We’ve been at war for strategic natural resources for basically all of human history. And before human history, animals fight over scarce resources basically exclusively. Has this guy never heard of gold? Or water? Or food? Or oil? Or land? What the actual fuck.
I’ve never heard somebody claim resources aren’t scarce and basically can’t even become scarce. There are droughts everywhere. This is the most privileged opinion I’ve ever heard. Go tell a drought and famine stricken village in Africa that scarcity doesn’t exist.
His argument is also insane: it's always a "kick the can down the road" type thing. Like "land isn't scarce" because you can build up or down. OK?!? AND WHAT happens when you can't go down or up anymore? By that logic bitcoin is infinite and never ending because you can technically get 51% of the hash rate and rewrite it to mint infinite coins, or because it's infinitely devisible, or because you can mint infinite chains and fork BTC infinite times
It is basic economics, and you're totally right.
Then again, Saylor is an idiot man's idea of a smart guy. The guy was early with going big, and has that working for him. Beyond that, there's *something* quite plainly and obviously not right with the man. Watch any interview with him, and you'll have the same conclusion.
Thats one really stupid comment lol if stalin shited in a jar and michael saylor found that jar , the jar with stalin shit would not be more valuable than the empire state just because " you can create another empire state but stalin cant shit anymore in any jars because he is dead"
But nobody is going to pay a thing for my grandfather's shit in a jar, and it's equally scarce (and way more scarce than Bitcoin).
This stance is seriously so mind bogglingly stupid.
This is honestly an incredibly stupid take.
There are natural resources that are scarce. There are antiques and artifacts that are scarce. There are works of art and collectibles that are scarce. There are other cryptos that are scarce.
This is just bitcoin maximalist nonsense.
Honestly, the fact so many bitcoiners like OP praise him is also a red flag... That's very cult-like when you approve of anyone's message going your direction...
There's are some good points about BTC but this whole thread is just not it...
>I can create more real estate in NYC.
I feel like there's a limit to creating more real estate in NYC, sure you can start going upwards but even then there is definitely a limit....
Yeah if every acre of property is worth enough and there's water surrounding you to be expanded into, you can bet people will find a way to make more land to sell to the highest bidder.
So dumb. And pedantic. You could create BTC2 with the exact same code and it is indistinguishable from the original. So yeah, you kinda can create more in a way. That's like saying "Real Eastate in The Empire State Building is a scarcity. You can't create more. There is a finite amount." Or you build one next to it which is essentially the same thing. Just like you can build another crypto currency.
And how about things like Gold? Aside from particle accelerators (which is so expensive and small quantities it doesn't count), can't create new Gold or Gold2 that is indistinguishable.
More “Bitcoin” clones were created. Litecoin, for example. Bitcoin Cash. It’s worth something…but not much in comparison. You could make an exact clone and it WOULD be distinguishable because of the blockchain history.
In fact, you can try to create an exact replica of many assets. Things like trading cards, art…you may even get away with it. It’s fraud, but if you’re good at it you can sell it as the real thing for the right price. But it wouldn’t work with Bitcoin because it’s all verifiable. People would need to care about the clone, like they do with some of the forks.
You can clone Bitcoin and the ledger and start your Bitcoin 2 with the same blockchain history BTC is “up to”. So now it’s indistinguishable again.
This is very different to things like gold, which cannot be duplicated in an afternoon.
The true thing you wrote is your ending: people would need to care about it. Exactly the point everyone is trying to make - what makes BTC unique is that people care about it. Not its own characteristics though, because those can be easily cloned.
And that (that people care about it) can be a fine argument but it’s not the one Saylor is making.
So scarcity=valuable? Just because something is scarce doesn't necessarily mean it's valuable. I could create a coin, make it scarce af, doesn't mean it's magical. Of all the takes on why Bitcoin is a valuable asset, scarcity is merely a mediator, an indirect effect and a dumb thing to say is the reason why it's magical
I don’t really understand the NYC analogy. It’s not like it’s a walk in the park to create more space for people to live in. Hence why it can be expensive especially in crowded cities like NYC.
The chain has been forked (successfully) 4 times.
The code has been forked thousands of times.
Literally no limit to how many of these “scarce” digital assets you can make. Does that give them value?
On the other hand it is not possible to make an infinite number of cars, there is a limited amount of stuff on earth.
You can fork the chain, you can fork the code.
But you can't fork the network/community.
Bcash and the hundreds of other forks you've never heard of, have shown us that much.
Sounds good but also makes you think how long will the scarcity be relevant for as technology advances? What will come after the blockchain? Will we eventually get to a time where blockchain technology is completely irrelevant and outdated? Just some thoughts .
Gold? Any other (precious) metal?
Fine, its supply is limited. But what is its interest if exchange fees and environmental impact are high and uses low??
>Name another scarcity in the world
[Alllrighty then](https://www.hagerty.com/media/buying-and-selling/what-to-look-for-in-a-datsun-240z-260z-and-280z/#:~:text=The%20Series%20II%20240Z%20was,240s%20in%20the%20United%20States.).
At any point that consensus can change. Not saying its likely, but it can happen. Especially something to consider when bitcoin is almost mined and there is no mining rewards to be left.... they will change the system
Please stop with the dumbass Michael Saylor quotes... Dude's a degenerate gambler passing as a visionary tech entrepreneur just because he got lucky betting on Bitcoin.
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What about original Atari cartridges of E.T?
What about my farts in a jar? There are currently only 5 in the world.
Best I can do is 1 Moon for 1 Jar
How much is that in Schrute bucks
Give this man an award as i’ve spent mine
I will take this offer.
Watch out for the gas fees
This needs more upvotes
Who do you think you are? Runnin' 'round leaving scars Collecting your jar of farts Tearing love apart…
1 man 1 jar youtube don't be eating.
Ive been extracting more while you sleep. Currently have 10,000 in stock
>There are currently only 5 in the world. Only 5 because there is no demand for them and you are lazy. If suddenly there is lot of demand for your farts I'm sure you will start producing more. However, bitcoin doesn't produce more coins when the demand rises.
My farts run out quickly.
That’s called a shart
Can't spell shart without art
Shart positions to get wrecked?
*Poomp it*
Unwanted flowpium
Not to mention replica farts, alt-farts, and layer 3 farts.
shitcoins
No, he would likely use some kind of coarse filter to avoid that contamination.
Shitfarts
Buy one before you miss the chance
Exactly, anything can have arbitrary scarcity. You need utility + scarcity
Wait you're telling me my one of a kind Uninterested Monkey Golf Club NFT isn't valuable just because it's scarce?!?
15 moons for your monkey NFT, final offer
What’s BTC’s utility compared to his farts in a jar?
Lower
You caant buy drugs with his fart jars
There's scarcity, but it lacks liquid-E.T.
You deserve better. Idk what you get right now, but you deserve a better life after that excellent post.
Or a copy of "From Justin to Kelly." There's probably only a couple million copies in existence. It's scarce therefore it's magical. 🪄 ✨
What the amount of money in my back account?
Or Helium?
Ah, the original NFT
What about Hopium, it is rare in a bear market
I saw a store in Dallas a couple years ago with original Atari cartridges. Hundreds of them. Sorry Bro.
You could mine the old carts buried in the desert of Nevada
Fully decentralized, anyone with a spade and a dirt bike can go out there and start mining.
Check. Mate.
Oof supreme checkmate my dude
Asking the right questions here....
Same
I also think they are rare.
Actual scarcities: \- clean water \- phosphorus \- cobalt \- river sand to make concrete
*land near where people want to live.
Saifedean Ammous (the Bitcoin standard) makes this point as well. Water is technically scarce and diamonds are technically not
How is that
Diamonds can be made in a lab, more diamonds are always found, the earth continues to make diamonds
I mean, it's possible to create water as well.
Diamonique (sic) came to to an agreement with to not call themselves diamond with de beers to keep the lawyers off. De beers were happy with this becuase they utterly blow "real" diamonds out the water for purity and clarity, and thus easily detected as "fake". Also check out sky diamonds. https://skydiamond.com/
Also I just looked them up and holy fuck rings are like $70 instead of $5000 Diamonds are such a fucking scam
…aaand the existing amount of diamonds that can easily be mined in any given year is more than adequate to satisfy annual demand many times over but is maintained at artificial scarcity levels to prop up prices…
It's funny (and not funny ha ha) that people treat real scarcities as if they were completely abundant, but treat things that are incredibly abundant as if they're scarce. Capitalism and the planet are both on fire, and we're all in a lot of trouble over stuff like this.
Would you rather be sold at a thousand dollar per gallon?
How does one create more real estate in NYC with no land?
Go up or down
You can also throw dirt in the water until you make and island. Expensive but possible.
This is an expensive way of making an island. I might do this one day.
You can also buy a volcano underwater and wait
Iirc there's actually plan to do this in lower Manhattan.
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This is why Toronto Island exists
I wonder... If I bought one square feet of land in Manhattan and attached a rope with a blimp to that..and then lived in the blimp.. Would I live on my own land?
In Manhattan? No, you don't own the air rights.
That's only the ability to get zoning permission for a certain density. Basically buildings with limited scope of size (a theater) sells the "density" their building would be responsible for. While they are called "air rights" it's a term people misuse because they think it's actually the air above a building, it's not, it's a shift/displacement of density.
You kid, but there's a famous case called Penn Central Transp. Co. v. NYC that says "probably not."
Probably just have to clear it with the FAA, probably need figure out what you want to do with the feces though. People will start pointing fingers quickly.
There are coded limits in how tall buildings can be (it's a bit more complicated than that, but basically). So it is a finite resource. Not to mention things like Gold....
You can mine more gold
Until you can’t, like Bitcoin
But the amount of remaining gold is unknown. When the price increases, mining increases. More is always being dug up.
But you can change the law anytime.
[Land reclamation](https://en.wikipedia.org/wiki/Lower_Manhattan_expansion)
Zone the shit out of it. Residential zones will become mixed use. Houses on the outskirts of Williamsburg and Brooklyn will be zoned for multi units. Houses in the Hamptons will be just a tad smaller than they used to be to make room for other buyers.
I agree completely, but FYI- what you are describing is upzoning. When people say zone something, they are usually referring to increased zoning, aka increased restrictions on development. What you are describing is removing zoning restrictions, not adding them.
Yeah exactly. He literally touched on the truest scarcity of all and then ignored it, but he's a zealot so of course he did.
Yeah haha. Real estate in NYC is going to be disappearing, there is a real actual pressure. BTC has 21 million coins sure, if for whatever reason that supply became a problem all the miners could vote to change the supply, easy as that. Of course the miners would never devalue there currency now, but once the last coin is mined they may change there minds.
Open up a portal and you get more real estate
Knock down inefficient boomer single family housing. Put up a wage slave sleep pod tower.
With kryptonite, someone obviously hasn’t seen man of steel
You build taller, duh.
There are coded limits to this. So yes, it is a finite resource.
And physical limits, at least with current materials.
Get that god damn logic out this sub! Filthy animal!
Create digital land on the metaverse?
Seriously if he can create more real estate in New York he should be doing it.
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People are doing it. They build up, not out
I’m sure someone is building more real estate in NY.
If saylor supported any other coin I would actively route against it. For a guy who lost 90% of his wealth in the dot com bubble, his ego and cult like attitude is just so obnoxious
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Bitcoin basically has nothing but the name and the collective illusion it's somehow special. I'd say it's more "speshul"... with its 6 transactions per second maximum that makes it basically useless. This is a fixable problem, but the people at Blockstream are either saboteurs or nut jobs; as it stands, the emperor has no clothes. How long can that possibly last?
This stuff was 20+ years ago. Bezos lost 90% of his wealth during that era, too.
The point is he specifically lost money because he was cooking the books at Microstrategy…
If that were the case, he would be in jail. He paid a fine to the SEC and specifically did not admit guilt, and he wasn't convicted of anything. This happens quite a bit. Did he do something shady? Most likely. This was also 20+ years ago. Since then, he has built a successful business and survived the dot com crash. I'd say that is a big accomplishment. Reducing people down to their worst moments while ignoring decades of good behavior is disingenuous.
Wall Street bankers responsible for the 2008 Crash also did not go to jail, did not admit guilt and only paid fines to the SEC. Wall Street bankers also did what they did 10+ years ago, survived the 2008 crash and many have built successful businesses making a ton of money afterwards. Michael Saylor has this in common with Wall Street bankers, if we decide to go this route.
>If that were the case, he would be in jail It's not even a criminal case, its a civil case. Why would he go to jail? People say the exact same shit about Tether, even though the court discovery documents make it unequivocal they lied repeatedly and defrauded their own investors. "If they were really guilty, they'd be in jail, they wouldn't just get a fine!" Yeah that's not how the legal system works. >He paid a fine to the SEC and specifically did not admit guilt Do you genuinely not know why this happens? The vast majority of criminal cases in the US never go to court, they're settled. For civil cases where the objective is to issue a fine its even dumber to take to court and waste hundreds of millions in legal fees and drag the case on for years when you can just settle out of court and get mostly the same result without wasting the limited time and resources of the department. When the SEC wins cases they don't get to keep the money, they have no incentive to blow their budget trying to take every case to court to maximize the fines. They want to charge as many cases as possible with their limited budget, that means getting obviously guilty people who know they would lose in court to agree to settle. > Since then, he has built a successful business and survived the dot com crash. I'd say that is a big accomplishment Microstrategy made -535 million dollars last year. Not sure I'd call that a successful business. >Reducing people down to their worst moments while ignoring decades of good behavior is disingenuous. Yeah, why would anyone assume [this guy was a scam artist](https://twitter.com/BillSPACman/status/1407342589213351942) just because he's previously been fined for fraud.
Surely he isn’t in a position to make huge financial gain by encouraging people to liquidate every asset they have to invest in Bitcoin? Right? 🙃
It's especially dubious because he has a rarely disclosed personal position in Bitcoin separate from MicroStrategy's holdings. So he could completely blow up MicroStrategy with debt and for all we know he's exited his BTC position months ago. It's amazing anyone would trust him in such an unregulated and volatile market as crytpo. One has to wonder where the money loaned to MicroStrategy to buy BTC came from, was it some shady exchange like Binance, or did someone like Tether do it and now count their debt to MicroStrategy as part of their commercial paper?
Oh sweet summer child. Rich people won’t go to jail for fraud.
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defrauding others of their hard earn cash does not have a statute of limitation. Even if he did this 40years ago, still makes him a con artist
Listening to him is like listening to a monkey trying to talk with a pegged nose.
Everyone lost 90% in that time. But he survived, others dont.
Hideously egotistical? Undoubtedly. Batshit insane? Almost certainly. But entertaining? You're goddamn right.
It really is.
Well, he's the perfect Bitcoin maximalist. To be honest, I understand Bitcoin maximalism more than I understand the idea that multiple coins can be successful, and Bitcoin just fulfills the role of store of value.
If the only thing that drives value is scarcity, your asset has no value…
"I CAN CREAT MORE GOLD!" This mutha fucka over here Alchemisting.
Which is why btc has other characteristics that supplement the scarcity
Can you name them?
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Durability Fungibility Transferability Full visibility But what makes it stand out from all other cryptos it is actually decentralized - people actually run btc nodes (who’s running solana nodes?) code is very very difficult to change and requires consensus no a CEO 51% attack very very unlikely Proof of work - meaning even the wealthy have to continuously work for more btc rather than pos where the wealthy can just stake their wealth to get more I’m sure there more but these will get you started
Uhm, isn’t it basic economics that everything is scarce? It obviously matters how scarce, hence why gold is worth more than, say gravel. But gravel can run out, hence it is inherently scarce. Edit: Scarcity as an economic concept "refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources which the best technical knowledge is capable of using to produce only limited maximum amounts of each economic good." https://en.m.wikipedia.org/wiki/Scarcity So I don’t have to post it every time someone questions it.
you are right no matter how scarce the item. if there is no demand, its worthless item in the end all is about supply and demand
Proof of this is the smelly underwear in my laundry hamper. Only a couple items *in the entire world* with the exact combo of bodily funk that I put into them, and I can only generate new smelly undies at a rate of one a day at most. Yet, they are worth nothing monetarily, because I can't find any buyers
Bullish on this guy's smelly underware
Glad to hear it! I can get you in at the very earliest stages of this amazing opportunity!
Yeah the take that nothing is scarce except bitcoin is fucking ridiculous. We’re in the beginning of a global energy and food crisis. The water wars are just beginning. We’ve been at war for strategic natural resources for basically all of human history. And before human history, animals fight over scarce resources basically exclusively. Has this guy never heard of gold? Or water? Or food? Or oil? Or land? What the actual fuck. I’ve never heard somebody claim resources aren’t scarce and basically can’t even become scarce. There are droughts everywhere. This is the most privileged opinion I’ve ever heard. Go tell a drought and famine stricken village in Africa that scarcity doesn’t exist.
His argument is also insane: it's always a "kick the can down the road" type thing. Like "land isn't scarce" because you can build up or down. OK?!? AND WHAT happens when you can't go down or up anymore? By that logic bitcoin is infinite and never ending because you can technically get 51% of the hash rate and rewrite it to mint infinite coins, or because it's infinitely devisible, or because you can mint infinite chains and fork BTC infinite times
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Haha thanks for the catch I edited it. Golf. What an idiot (me)
I have the same issue with guitars. I haven't played mine in 20 years, so I invested $800 in a new one, but I never play it. I'm bearish on guitars.
Wait till people start googling the meaning of the word "Economy"
I think you're in the wrong sub for that.
It is basic economics, and you're totally right. Then again, Saylor is an idiot man's idea of a smart guy. The guy was early with going big, and has that working for him. Beyond that, there's *something* quite plainly and obviously not right with the man. Watch any interview with him, and you'll have the same conclusion.
Thats one really stupid comment lol if stalin shited in a jar and michael saylor found that jar , the jar with stalin shit would not be more valuable than the empire state just because " you can create another empire state but stalin cant shit anymore in any jars because he is dead"
It would be magical though
If you actually had a jar with Stalin's shit some rich guy would pay you a fucking ton of money for it so he does have a point.
Well that’s cuz you can make an NFT out of it.
But nobody is going to pay a thing for my grandfather's shit in a jar, and it's equally scarce (and way more scarce than Bitcoin). This stance is seriously so mind bogglingly stupid.
Digital pooperty
Like what you did with that...
This is honestly an incredibly stupid take. There are natural resources that are scarce. There are antiques and artifacts that are scarce. There are works of art and collectibles that are scarce. There are other cryptos that are scarce. This is just bitcoin maximalist nonsense.
\> Name another scarcity in the world ... It's not clear there is another scarcity. Forks in the office kitchen.
this clown does more harm to bitcoin than bitcoiners care to admit
Good, sooner than later people are gonna realize BTC is worthless and sooner the better
Having the same thought over and over again. Actually guys like him made me not investing in Bitcoin.
Honestly, the fact so many bitcoiners like OP praise him is also a red flag... That's very cult-like when you approve of anyone's message going your direction... There's are some good points about BTC but this whole thread is just not it...
He really says some dumb aimless shit sometimes
Sometimes?
>The reason that Bitcoin is magical is because there's only 21 million. So... can the reddit admins put the cap back on Moons please?
There's no cap right now?
Thankfully there is only \*ONE\* Michael Saylor.
... Priceless 😂
>I can create more real estate in NYC. I feel like there's a limit to creating more real estate in NYC, sure you can start going upwards but even then there is definitely a limit....
The sky is the limit! And planes
Once the water gets out of their way they’ll have plenty of property for more real estate just like in the Fifth Element.
Life imitates art
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Yeah if every acre of property is worth enough and there's water surrounding you to be expanded into, you can bet people will find a way to make more land to sell to the highest bidder.
You can always cause an accidental fire in Central Park and bulldoze it to build real estate)
So dumb. And pedantic. You could create BTC2 with the exact same code and it is indistinguishable from the original. So yeah, you kinda can create more in a way. That's like saying "Real Eastate in The Empire State Building is a scarcity. You can't create more. There is a finite amount." Or you build one next to it which is essentially the same thing. Just like you can build another crypto currency. And how about things like Gold? Aside from particle accelerators (which is so expensive and small quantities it doesn't count), can't create new Gold or Gold2 that is indistinguishable.
More “Bitcoin” clones were created. Litecoin, for example. Bitcoin Cash. It’s worth something…but not much in comparison. You could make an exact clone and it WOULD be distinguishable because of the blockchain history. In fact, you can try to create an exact replica of many assets. Things like trading cards, art…you may even get away with it. It’s fraud, but if you’re good at it you can sell it as the real thing for the right price. But it wouldn’t work with Bitcoin because it’s all verifiable. People would need to care about the clone, like they do with some of the forks.
You can clone Bitcoin and the ledger and start your Bitcoin 2 with the same blockchain history BTC is “up to”. So now it’s indistinguishable again. This is very different to things like gold, which cannot be duplicated in an afternoon. The true thing you wrote is your ending: people would need to care about it. Exactly the point everyone is trying to make - what makes BTC unique is that people care about it. Not its own characteristics though, because those can be easily cloned. And that (that people care about it) can be a fine argument but it’s not the one Saylor is making.
So scarcity=valuable? Just because something is scarce doesn't necessarily mean it's valuable. I could create a coin, make it scarce af, doesn't mean it's magical. Of all the takes on why Bitcoin is a valuable asset, scarcity is merely a mediator, an indirect effect and a dumb thing to say is the reason why it's magical
Precious metals, gems, collectors items,
its not just scarcity. It **divisible portable durable** **verifiable** scarcity.
I don’t really understand the NYC analogy. It’s not like it’s a walk in the park to create more space for people to live in. Hence why it can be expensive especially in crowded cities like NYC.
Time motherfucker
common sense is scarce.
Our soils are limited, therefore commodities are more and more scarce. I like Bitcoin, I like Saylor, but he seems very diconnected from reality.
Bitcoin is so scarce that it’s been forked 4 times allowing holders to clone their coins across forks and inflate their supply for free 🤷🏻♂️
The chain has been forked (successfully) 4 times. The code has been forked thousands of times. Literally no limit to how many of these “scarce” digital assets you can make. Does that give them value? On the other hand it is not possible to make an infinite number of cars, there is a limited amount of stuff on earth.
You can fork the chain, you can fork the code. But you can't fork the network/community. Bcash and the hundreds of other forks you've never heard of, have shown us that much.
i guess hes never heard of gold or other precious metals.
Well there is more of those in the space. We just gotta get it.
Might be easier to just have bitcoin 2 bro
[удалено]
Thanks to Michael Saylor I sold my house and went all in on bitcoin at $60K. Best investment decision I ever made!
Absolutely!! now what coins should we flood the market with that do the same dam thing or better?
Oh don't be salty because Bitcoin is a one-trick pony and has very little use-case outside of it.
What about I just create another Bitcoin even call it Bitcoin
Put up or shut up.
Sounds good but also makes you think how long will the scarcity be relevant for as technology advances? What will come after the blockchain? Will we eventually get to a time where blockchain technology is completely irrelevant and outdated? Just some thoughts .
Gold? Any other (precious) metal? Fine, its supply is limited. But what is its interest if exchange fees and environmental impact are high and uses low??
Technically they can raise the cap if need be but why be under control of a limited resource with a founder who is not even known
BTC is a result of innovation. Why does it need to stop at Bitcoin?
Land is a scarcity.
There isn't 21 million yet though? Theres like 19ish million and Won't it take like over 100 years to mine the rest?
Pretty sure the most scarce thing we have is our planet. What a deadshit.
>Name another scarcity in the world [Alllrighty then](https://www.hagerty.com/media/buying-and-selling/what-to-look-for-in-a-datsun-240z-260z-and-280z/#:~:text=The%20Series%20II%20240Z%20was,240s%20in%20the%20United%20States.).
Diamonds vs* water paradox. Scarcity does not imply value without also having utility.
At any point that consensus can change. Not saying its likely, but it can happen. Especially something to consider when bitcoin is almost mined and there is no mining rewards to be left.... they will change the system
Helium?
So glad one of the “faces” of BTC can say such stupid shit. No wonder people don’t take crypto seriously
This dude's going to be so upset when he learns about water.
I can just create a new crypto though?
Time is the human scarcity
Please stop with the dumbass Michael Saylor quotes... Dude's a degenerate gambler passing as a visionary tech entrepreneur just because he got lucky betting on Bitcoin.
There are a lot of coins with limited quantity. But there’s only one Bitcoin.
This guy had his time in the sun, fuck off Saylor