We're just having a friendly conversation. We disagree, that is ok, I still like reading what you have to say about both thats why I follow you.
A scarce good is a good that has more quantity demanded than quantity supplied. Demand is required. You can have something with more supply than something else, yet the thing with more supply is more scarce because the demand outpaces it's supply because it is more desired/valued for various reasons.
I'm not contesting that Monero eventually has more inflation than Bitcoin. I'm contesting your framing of scarcity which you seem to think only relates to supply (and erroneously imply that fixed supply alone = more valuable), when scarcity is a function of both supply AND demand.
You say it's not only about storage capacity like SSDs, but I just also showed you bandwidth has increased 64x since Bitcoins creation. China is already rolling out 10 Gbps internet connection to the public.
Well your exact claim was that no one can look up their own address and see how much Monero they have which is wrong. I wasn't saying anything about verifying for other addresses you don't own or verifying total supply because you didn't say that.
In practice the vast majority of Bitcoin users are "blindly trusting" Bitcoins protocol because they don't run nodes and don't understand the code/encryption/math and other concepts behind it. There are ~21,000 nodes and 80-120million people who own/use Bitcoin in some form. Even assuming all those nodes are unique users that's ~0.03% of all users at best and even less understand what is going on.
But I guess you are technically right and that is an advantage Bitcoin has.
SaberhagenTheNameless / Saberhagen The Nameless
npub14a…yz6rn
2025-05-19 17:17:20
in reply to nevent1q…y3us
Author Public Key
npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rnPublished at
2025-05-19 17:17:20Event JSON
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"content": "We're just having a friendly conversation. We disagree, that is ok, I still like reading what you have to say about both thats why I follow you.\n\nA scarce good is a good that has more quantity demanded than quantity supplied. Demand is required. You can have something with more supply than something else, yet the thing with more supply is more scarce because the demand outpaces it's supply because it is more desired/valued for various reasons.\n\nI'm not contesting that Monero eventually has more inflation than Bitcoin. I'm contesting your framing of scarcity which you seem to think only relates to supply (and erroneously imply that fixed supply alone = more valuable), when scarcity is a function of both supply AND demand.\n\nYou say it's not only about storage capacity like SSDs, but I just also showed you bandwidth has increased 64x since Bitcoins creation. China is already rolling out 10 Gbps internet connection to the public.\n\nWell your exact claim was that no one can look up their own address and see how much Monero they have which is wrong. I wasn't saying anything about verifying for other addresses you don't own or verifying total supply because you didn't say that.\nIn practice the vast majority of Bitcoin users are \"blindly trusting\" Bitcoins protocol because they don't run nodes and don't understand the code/encryption/math and other concepts behind it. There are ~21,000 nodes and 80-120million people who own/use Bitcoin in some form. Even assuming all those nodes are unique users that's ~0.03% of all users at best and even less understand what is going on. \nBut I guess you are technically right and that is an advantage Bitcoin has.",
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