Bitcoin’s scarcity

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Bitcoin’s scarcity

In my opinion, the 21 million limit is explained incorrectly. I remember when I first learned about bitcoin I thought this 21 million limit was something that was indefinitely set in stone, and impossible to change.

As if bitcoin was a scarce natural resource.

I think romanticising harmful. What makes bitcoin have a 21 million limit is code. Code that can be changed.

We assume that it won’t be changed because of the game theory/psychology surrounding bitcoin.

But, even though unlikely, nothing prevents humans from behaving irrationally. To my knowledge, there’s nothing hypothetically stopping everyone agreeing to change the limit tomorrow.

The point is, bitcoin is great. But it’s still a piece of software that humans can change.

This is quite abstract, tho.