The thing is artificial scarcity is does not generate value. Most altcoins are artificially scarce. I can make an altcoin that only has 1 unit, does that mean it is scarce? Sure if viewed in isolation. If viewed together with countless duplicate coins, no it is not scarce.

Bitcoin can't have those features otherwise it would never have the global acceptance that it has, governments would not allow it. Bitcoin is the best. Monero has its own spot, most of the rest is for the trash bin.

In terms of scarcity, bitcoin is the only true scarce coin;
In terms of decentralization, bitcoin is the only coin that is 100% decentralized;
In terms of security, bitcoin is the most secured coin;
In terms of acceptability; bitcoin is the most accepted coin.
So, bitcoin is the king.

Yes you are very correct OP not only in scarcity but in every aspect Bitcoin is better than shitcoins and they can't even be compared with each other, Bitcoin will even get more scarce than this because a lot of people are now going into Bitcoin and even Nation's and multi million dollar companies now accumulating and holding Bitcoin meaning that a time will come when Bitcoin will become so scarce because they are been held and not wanting to sell.
However nothing is impossible a crypto coin can one day grow like Bitcoin, no one knows the future and no one can tell what will happen in the future, just like when Bitcoin started no one believed Bitcoin can grow to this point even to a point of getting to $1k but it did and even grew more than that now is $100k plus, but for now Bitcoin is still the best crypto coin in the world.

This is the reason  why Bitcoin stands out to be the best and the greatest project, Satoshi in his wisdom made bitcoin to have a limited supply of just 21M where as the world population is about 8 billion plus, just assuming half of the world population holds bitcoin, that would be a massive scarcity and the law of demand and supply let's us to understand that the as demand increase while supply remains thesame, the price will eventually go up due to scarcity. This is exactly the reason  behind the massive price increment bitcoin has been experiencing so far. And one innovative thing about bitcoin is that even our great grand children would still have their history playing around  bitcoin  mining. That is, bitcoin isn't done with ATHs there are more to come so let's seat tight and enjoy the ride.

I think we all know that, no? Yet people choose to invest in shitcoin. I'm a victim of shitcoin dump. Never again.

I don’t see how they could put it but somehow, all them altcoins out there always come have the same idea. They might have their own blockchain and everything but still, they all seem the same at the end of the day. There ideas are always borrowed from some other coin or Bitcoin which is one reason why they would always be what they’ve always been, shitcoins. Although, the shit business could also be a good business if you do it right. How do you archive that, no one knows.

Bitcoin had a unique idea, its scare supply was a banger and most of all, being decentralized from its introduction. Bitcoin remains in a category of its own!

Because it's need decentralization.

If a coin is centralized or less decentralized, the scarcity would be pointless because you can't really trust the scarcity.

Whenever people hold altcoins aka shitcoins, I don't see they really discuss about the use cases, most of them about trading and mining to get tokens. In Bitcoin, although most people hold Bitcoin for a sake of investment, but some people hold/use Bitcoin due to it's use cases.

Because of speculators, marketing, manufactured hype, and who knows what all else?

But I'm not quite understanding the logic, OP.  If you lump bitcoin into the set that contains all cryptocurrencies, it's nothing special if you compare it to another coin with a fixed (and preferably similar) supply.  If you look at the cryptocurrency space as "there's bitcoin and the thousands of shitcoins that have been shat out over the years" then your argument makes sense, but I just don't see it that way.  

Don't crucify me here, because I'm a huge fan of bitcoin and am not slamming it by any means, but the only thing that's really special about it is that it was first.  It actually performs worse than a lot of other shitcoins in terms of network fees, privacy, and likely a few more attributes that aren't coming to mind immediately.  If I have to buy something with crypto, there's no way I'm going to use bitcoin.

Anyway, I'd say any shitcoin with a fixed supply is "scarce" if you're going to slap that label on bitcoin.  One bitcoin can be divided up to the eighth decimal place, so that term might need to be defined more precisely if this is going to be argued.


You are making assertions without providing any evidence, and the conclusion you came to--that bitcoin is kind--wasn't OP's argument anyhow.

Normally I'd just read a post like this and move on, but how do you figure bitcoin "is the only coin that is 100% decentralized"?  I've heard tell of a dev team that sold its soul to blockstream and has complete control over the code.  Sure, that isn't exactly like one of these idiotic coins that has a DAO, but bitcoin isn't exactly the democracy some people think it is.  Or maybe we have different definitions of the term decentralized.

No doubt Bitcoin is the king of cryptocurrency because it has proven beyond reasonable doubts that it is way ahead of other crypto coins. It's limited supply makes this to be possible and so far crypto investors knows that it's next to impossible to mint more than 21 million, it's value will continue to increase on the long term. Another factor that makes it king is that it's decentralized unlike the others that their developers can manipulate to scam majority of the holders. Most altcoins are scams and not worth holding, except you want to risk your money.

There are alt coins with 3 million max supply, way scarce than Bitcoin but we all know that even if Bitcoin is a 1 Billion supply coin right now no other coin will still be able to beat Bitcoin.

For Bitcoin, it's the idea, the revolution, and the freedom, nothing can come this close because others are just bunch of centralised craps, I am in other coins don't get me wrong, but I am there to get more BTC in the end.

Scarcity isn't everything, Bitcoin is just the only coin that really works, are there any decentralised coins that are this true and legit? None, because no one want to be Satoshi Nakamoto again.

He paid the ultimate price, he is the true divine being sent to revolutionise the future of technology.