Re: Crypto/BTC-Supply/Demand & The “Tantalus Tease.”

I wanted to drill down a bit deeper specifically around the supply/demand dynamics around BTC, although some of this discussion also pertains to other crypto.

Much ado is made about the scarcity of supply of BTC. The 3 main sources of supply inelasticity are: 1) mathematical scarcity (21 mm coin limit), 2) HODL effect, 3) permanently lost coins.

The mathematical construct seems ingenious in that it was engineered specifically to beat even gold’s high stock-to-flow ratio, as defined by “stock” of existing suppl…