People often say that gold is valuable, but what if all the gold ever mined on Earth were piled together? At most, it would form a cube with a side length of 21 meters. Placed in the center of a city square, it would actually seem somewhat modest.
But Bitcoin is different. The cap of this digital asset is permanently written into the code—21 million coins, no more and no less. It’s not "rare now," but from the birth of humanity to the end of the world, this number is set in stone.
Imagine these two things side by side: one is a small tangible cube you can see and touch, the other is an invisible digital asset existing on the internet. Yet, the promise of scarcity for the latter is embedded in eternal code. The physical gold bar and the mathematical cap of Bitcoin—two different dimensions of "limited."
Ultimately, the essence of value is so simple: scarcity itself is the strongest form of persuasion.
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NFTFreezer
· 12h ago
Hey, that analogy is perfect. A 21 cubic meter gold cube does look a bit modest, haha.
The hardcoded cap in the code is indeed more hardcore than physical scarcity.
I agree with this logic—scarcity equals value is the truth.
Wait, if they print so much US dollars, isn't that...
I think the key is whether you believe this promise can last until the end of the world.
Twenty-one million sounds like a lot? Divided among the global population... just thinking about it is amazing.
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GasFeeCrybaby
· 12h ago
Hardcoding the 21 million in the code sounds impressive, but who guarantees that the code will never have bugs?
I just want to ask, even the most humble gold can be touched, but what about Bitcoin? If the internet is down, what can you see?
Scarcity? Ha, there are many scarce things; the key is that someone wants them, then they are valuable.
So ultimately, it's still a game of faith; don't make it sound like science.
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AirdropCollector
· 13h ago
This argument sounds good, but since we're here, the code can also be changed... Who can guarantee there will never be a hard fork?
Gold is at least tangible, Bitcoin, on the other hand, has nothing if there's a power outage.
Scarcity ≠ value, it still requires someone to take the risk.
If the code is hardcoded, does that really mean it's eternal? History will tell.
The selling point is good, but I always feel like it's just hype.
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GasGuzzler
· 13h ago
Hardcoded promises in the code sound even more hardcore than gold.
People often say that gold is valuable, but what if all the gold ever mined on Earth were piled together? At most, it would form a cube with a side length of 21 meters. Placed in the center of a city square, it would actually seem somewhat modest.
But Bitcoin is different. The cap of this digital asset is permanently written into the code—21 million coins, no more and no less. It’s not "rare now," but from the birth of humanity to the end of the world, this number is set in stone.
Imagine these two things side by side: one is a small tangible cube you can see and touch, the other is an invisible digital asset existing on the internet. Yet, the promise of scarcity for the latter is embedded in eternal code. The physical gold bar and the mathematical cap of Bitcoin—two different dimensions of "limited."
Ultimately, the essence of value is so simple: scarcity itself is the strongest form of persuasion.