What shitcoiners *refuse* to understand
If iPhones were as fungible and easy to buy and sell as cryptocurrency, you could buy them, use them and then sell them back again in the market right afterwards.
They would magically show up in your hands, you would then search something in google, write an email, scroll twitter and then magically disappear to be available for someone else in the international iPhone exchanges.
If on average you use an iPhone for 3 hours daily or 12,5% of your day, and the cost of transaction would be negligible, you would perform this operation several times a day until covering those 3 hours, while other 21 hours your iPhone would be available for someone else.
There would be such availability of iPhones that even if Apple claimed that its number would never exceed a certain threshold, people wouldn’t have any incentive to keep them over time, as the cost of access to them would be simply lower than the cost of storing them. It would therefore be uneconomical to keep them with you.
The cost of storage is the fact that things deteriorate, inflate have some cost of maintenance, even if it is only to avoid losing them.
As a result, whether it is iPhones or whatever else, you will always try to keep your stuff in whatever has the lower cost of storage, that is, whatever keeps value best.
The asset with the lowest cost of storage will accumulate all the value as it doesn’t make sense to use assets with second best cost of storage.
And interestingly, the asset with the lowest cost of storage is not that one where you are promised that its monetary supply will not increase, but rather that one where its monetary supply is written in stone and where it can be credibly claimed that no one will be able to change it.
Given that no other shitcoin can credibly claim inmutability of its monetary supply, the battle is lost already for anything other than Bitcoin.
What happens when people learn this and start selling like nuts their shitcoins? It will be a stampede.
If you are a shitcoin sinner, please let me know if this article has been close to convincing you to sell.
