Dossier
fixed supply
Coverage of fixed supply 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.
- Why has Bitcoin remained only a store of value for so many years?
Bitcoin was designed as peer-to-peer digital cash but is now predominantly viewed as a store of value, often compared to 'digital gold.' The article explores factors like volatility, slow adoption, and scaling issues that hinder its use for everyday transactions, while also questioning whether its role naturally shifted over time.