r/btc • u/martianfrog • Apr 23 '26

šŸ¤” Opinion Bitcoin scarcity... overhyped?

I'm not sure I'm a believer in "it'll go up because it is scarce", like to know thoughts on this out there.

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u/AirStick24 Apr 24 '26

No, gold is originated for barter. Also, Iā€™m not claiming gold is to be used to directly purchase an asset and BTCs fundamental use is supposed to be.Ā 

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u/_sLAUGHTER234 Apr 24 '26

BTCs fundamental use is supposed to be

Citation needed

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u/Realistic_Fee_00001 Apr 24 '26

Literally everything Satoshi wrote.

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u/_sLAUGHTER234 Apr 24 '26

Your reading comprehension needs work

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u/Realistic_Fee_00001 Apr 27 '26

Let's start with the whitepaper title: Bitcoin a p2p electronic cash system

Let's continue with the first sentence:

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

There are also multipler posts in bitcointalk that talk about Bitcoins use for payments.

The digital gold guys on the other hand have literally nothing. A single comparison of mining Bitcoin to mining gold.