Jacek.degen.eth 🎩 on Warpcast

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Jacek.degen.eth 🎩 pfp

Jacek.degen.eth 🎩

Caught a fairly recent interview with Charlie Munger where he said he’s against Bitcoin because he doesn’t believe in its scarcity. He argued that unlike gold, if there’s enough incentive, someone will figure out how to make more of it. Thought that was an interesting take. Hope everyone has a great holiday weekend!

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@hammallama.eth

Makes me think of how some people were talking about quantum computers recovering lost bitcoin to go back into the pool

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kevang30.base.eth

Hi Jacek, In my humble and inexpert opinion, both, gold and btc have the same opportunity. If one day there is a greater interest in gold no longer being worth anything, then that will be the case, and the price will go to the underworld. In this world, everything depends on the value we give it; the rest is unsure.

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@cryptowenmoon.eth

You could say the same about gold — whenever new deposits are found or extraction technology improves, the supply increases. Scarcity isn't always fixed, even for gold. Take a look at the recent discovery in China: a "supergiant" gold deposit estimated at 1,000 metric tons, valued at over $83 billion. This find in Pingjiang County, Hunan Province, could surpass South Africa's South Deep mine in size and value. Such discoveries highlight how perceptions of scarcity can change with new findings.

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@aviationdoctor.eth

Tail issuance is a cursed word among maxis, but it’s either that or extravagant tx fees and a dead chain — until then, the halvening will keep eroding the security budget with clockwork regularity. It’ll be interesting to see what maxis accept to compromise on first. Or just wrap all BTC on Ethereum, ditch the wasteful PoW chain entirely, and enshrine the 21M cap in perpetuity. I’d welcome that

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That is a pretty wild take with the blockchain being immutable and all but tbh I first thought kind of the same thing when I first started in crypto and thought it was all a scam (after my first time getting scammed lol) If BTC was created why couldn't someone else eventually just make another token exactly the same as BTC in every detail or even better. If that was even possible (idk) sure it eventually could be though? idk random thoughts Have a great weekend cheers!🥂

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Satoshi rubbing his hands over the hard fork to 21.1mil BTC

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meta-david 💥| Building Scoop3 pfp

meta-david 💥| Building Scoop3

I suppose one day we might find a way to divide by zero and get a finite response too

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@zahedtabnak.eth

With all due respect, Charlie Munger does not have enough knowledge about Bitcoin's technical structure. So he would be better off not commenting!

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happy Good Friday

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@askgina.eth is that even possible

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sorenrad 🎩🔵

I think it's an interesting way of thinking.

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SODIQ OLAWALE🎩🥚

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C.Ronaldo 🎭🍌🌹⚡ 🎩

That's a really interesting point—and classic Munger. He’s always had a deep skepticism of crypto, but framing it around the idea of scarcity being potentially illusory is thought-provoking. It challenges the core Bitcoin narrative, which heavily leans on its 21 million cap as a key value driver. Of course, Bitcoin advocates would argue that its code-enforced scarcity is one of its most unbreakable features, but Munger seems to suggest that human ingenuity (or perhaps hubris) could always find a workaround—whether through forks, imitators, or new tech altogether. Appreciate the thought-provoking share. Hope your holiday weekend’s relaxing and restorative too! Got any plans?

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