alt Hacker News> scarcity based economics is failing us and crypto give us a way to explore alternatives
The entire field of crypto was an attempt to create scarcity where none existed, by turning scarce electricity into special numbers.
> scarcity based economics is failing us and crypto give us a way to explore alternatives
The entire field of crypto was an attempt to create scarcity where none existed, by turning scarce electricity into special numbers.
It was about creating a rules based monetary system. It made engineering sense to start with a mimic of a system that was already known to be consistent (gold), but the feeling I got was that it was much more about letting the people choose which rules they wanted to follow, and less about favoring any particular ruleset (i.e. ones that create scarcity).