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RE: The Reason that BITCOIN Has Value is Because... + get 100SP delegated to you by commenting~

in #bitcoin6 years ago

I'd argue against BTC being rare. There's millions of bitcoins for sale in every exchange. i think limited is a better way of stating it. But yeah 21 million supply is no where near enough for 7 billion people. But this is why it's divisible to 8 decimal places!

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You have to understand that not all Bitcoin is accounted for... Im sure there is plenty of "lost coin".... but even 21 million BTC : 7 billion People = rare (IMO)

There are "millions" of rare coins and stamps for sale. Just because it for sale doesn't mean its not rare. Just means that it has "value".

There are billions of carats of diamonds and ounces of gold out there too...yet they are rare and valuable. In fact, more diamond can be found at any time than exist in the world today AND the value would still rise because its a corrupt monopoly