MicroStrategy boss commented about the case of full blocks destroying Bitcoin. Saylor said BTC ensures digital scarcity by holding asset supply constant over time. The question about full blocks destr...
Tag: scarcity
Why Bitcoin? Nigeria Faces Violent Protests Amid Cash Scarcity
The cash withdrawal restrictions imposed by the Central Bank of Nigeria (CBN) have made a strong case for Bitcoin as a solid store of value and a censorship-resistant currency. Nigeria is currently fa...
Nigerians Turn to Bitcoin Amid Fiat Scarcity
HodlX Guest Post Submit Your Post As of January 29, 2023, Nigeria, the most popular Black nation on earth, with a population of over 200 million people, tops the search for ‘buy Bitcoin‘ on global ...
ARK Invest Predicts Market Rebound, Says Crypto Assets To Become Valued for Scarcity in Age of Abundance
The chief executive of investment firm ARK Invest thinks the U.S. Federal Reserve is about to alter its inflation strategy, which she believes will help the market rebound. In a new company video, ARK...
Ownership Isn’t The Problem, Scarcity Of Housing Is
View of Cincinnati skyline from Over The Rhine district. getty Last month I attended a community meeting in Cincinnati students of the Housing Systems course in the University of Cincinnati School of ...
Bitcoin scarcity rises as bad exchanges take 1.2M BTC out of circulation
One of the biggest factors differentiating Bitcoin (BTC) from fiat currency and most cryptocurrencies is the hard limit of 21 million on its total circulating supply. However, the demise of numerous c...
OpenSea Adopts Scarcity Tracking Tool OpenRarity
OpenSea has adopted OpenRarity – a scarcity tracking tool that allows buyers to check the rarity of a specific non-fungible token (NFT). Following the adoption, OpenRarity will help OpenSea to r...
The GPU Scarcity has Ended, Ushering in Surplus GPU Inventory – crypto.news
A year ago, buyers could hardly purchase a GeForce GPU at its suggested retail price. The company is now facing the problem in reverse, with Nvidia stating there’s surplus inventory denting their bala...
Vietnam’s blockchain sector faces scarcity of expertise
Vietnam is struggling with a shortage of human resources in the blockchain sector. The shortage is slowing down the progress of projects in the blockchain business that is quickly expanding there. In ...
With His Bitcoin Bet, Michael Saylor Mistook ‘Scarcity’ For An Inflation Hedge
Argentina has a population of 45 million, while Switzerland can claim roughly 8.6 million citizens. Where it gets interesting is that the Swiss franc is one of the world’s most circulated currencies, ...
Is Land Scarcity Good or Bad?
May 24, 2022, 10:37AM EDT • 18 min read Quick Take The main distinction between the physical and the virtual worlds is that lands in the former are naturally scarce. The artificial scarcity imposed o...
Ethereum Has Destroyed $8.10 Billion in Ether, ETH Scarcity to Increase After The Merge – Technology Bitcoin News
According to current metrics, the Ethereum blockchain has burned 2.35 million ether since the implementation of Ethereum Improvement Proposal (EIP) 1559. The $8.10 billion in value was burned over the...
Autos CEO warns of battery supply scarcity as EV competition heats up
In 2021, Volvo Cars said it planned to become a “fully electric car company” by the year 2030, a move which will require it to have a consistent and secure supply of batteries for its vehi...
Ethereum Scarcity Increases as Net Daily Issuance Hits a 2-Month Low
The daily net issuance in the Ethereum (ETH) network continues to drop, signifying a supply deficit. Data analytic firm IntoTheBlock explained: “ETH net daily issuance is dropping. after reachin...
Musk-Saylor inflation debate boils down to scarcity
As rising inflation threatens to eat up further the purchasing power of the global fiat ecosystem, finding the perfect hedge against a falling economy has become the need of the hour — especially for ...
Michael Saylor appreciates Bitcoin’s Scarcity, prefers BTC over Gold
MicroStrategy CEO Michael Saylor is always optimistic about Bitcoin and often gives his opinions regarding the potential of the cryptocurrency. Gold is another commodity, but Bitcoin’s scarcity makes ...
Michael Saylor Praises Bitcoin’s Scarcity, Says Gold Is A Commodity
CEO of MicroStrategy Michael Saylor remains one of the most vocal supporters of bitcoin. Countless times in the past, Saylor has always lauded the benefits of the digital asset, which he says is the b...
Massive Outflows and Burnt Ether Stimulate Ethereum Scarcity to Continue
Since the London Hardfork or EIP-1559 upgrade went live in August 2021, the supply of Ethereum continues to be depleted based on the burning mechanism incorporated. The scarcity on the Ethereum (ETH) ...