People speak about Bitcoin's scarcity as an integral part of its appeal and value proposition. It has a finite supply, and the total number of bitcoin is limited to 21 million (plus or minus the still extant 0.00997538 BTC created in the value overflow incident of 2010).
The maximalists say there is nothing else in the physical or digital domain that is in demand and yet practically limited. I have come up with a prospect.
In publishing, as we discuss new topics, we almost always come up with a three or four letter acronym. Who wants to type "distributed ledger technologies" all the time? DLT fills in. We have DAOs, PoW, ATH, ICO, KYC, FUD ... and do expand to DYOR and dAPP.
But there are only so many three letter acronyms you can create with the basic ISO Latin alphabet ... that would be 26^3, or 17,576. Expand to FLAs, and that's 26^4, or 456,976.
Add in the digits 0-9 (as in P2P), 36^3 is 46,656 and 36^4 is 1,679,616.
Put them all together, you get 2,200,824, 1/10th of the max Bitcoin supply.
So if you are looking for a piece of something limited in supply but ingrained in life as we know it, be the owner of a TLA or FLA today. BTD - buy the definition, if not the dip.
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