Unlike Gold, bitcoin's rarity is artificial, comparison of Bitcoin to high-end a... | Hacker News

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oh-kumudo on Jan 23, 2018 | parent | context | favorite | on: One Bitcoin miner is buying 20,000 16nm wafers fro...

Unlike Gold, bitcoin's rarity is artificial, comparison of Bitcoin to high-end artworks might be a more proper one.

paulddraper on Jan 23, 2018 [–]

It's not artificial, it's based on natural laws of computation.

Choosing a particular starting block or blockchain algorithm is arbitrary. Just as choosing a particular metal is arbitrary.

Its scarcity is 100% natural.

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