Spencer on Nostr: Bitcoin is the discovery of digital scarcity. Now, for the first time ever, hoarding ...

Bitcoin is the discovery of digital scarcity. Now, for the first time ever, hoarding wealth makes the world richer rather than poorer.

Savers who hoard Bitcoin drive up the price of Bitcoin, making everyone who uses Bitcoin richer.

Savers who hoard real estate, drive up the prices of homes, making everyone who needs a home poorer.

Before Bitcoin it wasn't possible to hoard your wealth in a digital token that was useless outside of the ledger. This meant hoarding wealth always inflicted artificial scarcity of useful stuff onto the rest of the world. We need money to be scarce. We need stuff to be abundant. Bitcoin is the answer.