Dossier
Non-dilutable money
Coverage of Non-dilutable money in the Nexus archive.
- Bitcoin’s scarcity only matters because people want to hold it
The article argues that Bitcoin's value derives not from scarcity alone, but from people's demand for non-dilutable money. Scarcity functions as a defense mechanism protecting value rather than creating it. The piece clarifies a common misconception about the relationship between scarcity and Bitcoin's worth.