Scarcity doesn’t create value, utility does

t(𝚫) | privacy advocate | censorship-resistance maximalist | writing about tokenomics and related topics since 2017 on www.eatsleepcrypto.com

Money, to a degree

But that’s the nature of money - it’s the one thing that is allowed to lack intrinsic value

With everything? Where does this not apply

husband, father of two sexy girls, crypto community manager, bizniz owner and opinionated conservative. jesus guns girls america 🇺🇸

@wake.bsky.social

It actually does

The market cap of a token with infinite supply remains unchanged if that supply becomes bounded

Each of those tokens command a non-zero price, unless the token is a utility token (1 token = 1 action in the protocol)