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supply is quantity? nope
2020 sats \ 6 comments \ @lloyddunne 10 Apr antifragile
Riddle me this...

Rule No. 1 - Value Is Subjective

Through trade, two people are assumed to value the other thing more than what they have in their possession. It is a positive sum game, two peoples' desires meeting. Effectively it is Demand. Therefore the Supply is the desire to trade something away. Supply = Demand.
So the fixed 2.1 quadrillion bitcoin, doesn't make it valuable. 1
I'm working my way through Cryptoeconomics by Eric Voskuil. Page. By. Page. It's a slog, but I am finding it to be as detailed and rational as any other Economic writing I've tried in the past. I like how it is based on deductive reasoning.
It attacks my hopium at every level, on every read, but it will make me understand Bitcoin a whole lot better afterwards.

Footnotes

  1. Scarcity Fallacy ↩
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133 sats \ 0 replies \ @elvismercury 10 Apr
It attacks my hopium at every level, on every read, but it will make me understand Bitcoin a whole lot better afterwards.
This is a worthy pursuit for sure. Hope you keep posting as your hopium gets challenged -- the more common reaction is cope and denial.
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101 sats \ 2 replies \ @Fabs 10 Apr
Since when are there 2.1 quadrillion Bitcoin? It's Satoshis.
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0 sats \ 1 reply \ @lloyddunne OP 10 Apr
it's all just bitcoin bud
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0 sats \ 0 replies \ @Fabs 10 Apr
Only leads to confusion in my eyes.
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100 sats \ 0 replies \ @cryptoquick 10 Apr
"So the fixed 2.1 quadrillion bitcoin, doesn't make it valuable."
This is what's called a non-sequitur.
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0 sats \ 0 replies \ @kingzing131 11 Apr freebie
Yes and no.
Supply for Bitcoin represents how much is distributed.
It will still exist even if there's no demand for it. To give you an example, cancer cells or stardust from light years away that cannot be put to market.
Supply to market doesn't necessarily mean both parties are willing buyers or sellers. I can force you to "supply" me Bitcoin with a $5 wrench
Fixed quantity of something doesn't necessarily make it more valuable, this I wouldn't agree as well.
It's a matter of what it is and what does being limited mean to its subjective value proposition and objective functionality.
For Bitcoin it's quite a fundermental element.