22 The Scarcity Of Money
22 The Scarcity Of Money
This covers how rare the item is used to keep track of value. If something is abundant, it wouldn’t be good at keeping track of value.
| Money Type | Score (5) | Why |
| Debt | N/A | Debt is raw information and is not defined by a unit nor limited in anyway. Anyone can issue a debt, and its value is defined by the one who made the promise to pay it back |
| Commodities /Items | 3 | By there very nature, they can be made. Sometimes it may be harder than other things, but this type of money that has been used has some scarcity, but there is no absolute scarcity |
| Gold /Silver | 4 | Because one can only find gold and silver and not make it, it makes this type of money a lot more scarce than items that can be made. But in reality, there is effectively an infinite supply of gold and silver in creation, the only limiting factor is the effort needed to find it. The more the price of them goes up, the people will eventually find. |
| Fiat | 1 | They are only limited by law, and not in reality. They can be printed to oblivion if the need arises. |
| Bitcoin | 5 | The most scarce thing mankind has ever known. There will only ever be less than 21 million Bitcion, and there is nothing any individual or country can do about it. |
Footnotes
No Footnote provided.
Further Reading
For Further info about the Scarcity of Bitcoin, please refer to these three videos to give you the scale of just how much is left...
