You are viewing a single comment's thread from:
RE: MAP Rewarder Free SBI Share & Quote of the Day - 9 Feb 2019
Thanks for the support. I'm glad to be a part of the @accelerator community. That is a good quote. I think it makes sense in that when coins are lost the entire supply becomes more scarce and in theory more valueable. However, you wouldn't want too many coins to be lost if it effects distribution of them to the wider public. In the case of a non-tangible asset, many people need to be involved and see value in it. You want buyers to exist when you're ready to sell.
Posted using Partiko Android
Thanks for your support too!
Do you not think that we have been duped into thinking that way by centuries of "scarcity economics" and supply-side manipulations? I mean, who cares if coins are lost when there is a known supply of them coming through in the future?
I remain unconvinced that a decreasing supply automatically leads to a price increase - the history of SBD tells a different story.
I'm not an expert on economics by any means. The scarcity of supply creating value may be "programmed" thinking, but I do think that there is some truth to it. Assets can become diluted. Look at crypto as an asset class in general. A few years ago if a person wanted to get into crypto they would buy Bitcoin, ethereum, xrp, and maybe 1 or 2 other coins. All of the money entering the market was into only a few coins and the prices of all of them soared quickly. Nowadays people getting into crypto can buy into 1000 different projects. With the market being saturated as it is, money (and price increases) get spread across the board so that gains are much more modest. Again, I'm not an expert though so I'm sure there are many factors at play here. Percieved value by the public is subjective in itself and at times very fickle. So many things are at play
Posted using Partiko Android