Woo responded to an X post by Matteo Pellegrini, CEO of the Bitcoin-focused social networking app Club Orange, arguing that Bitcoin is not scarce but finite. Woo said that scarcity is defined by a ...
Economics is the study of how we use our limited resources (time, money, etc) to achieve our goals. This definition refers to physical scarcity. In a recent book titled Scarcity, Mullainathan & Eldar ...