Comment on Ask HN: Why is Bitcoin's value rising so fast?parentComments−asafira8yI don't think that means it isn't scarce: if there was a supply of water (and you could buy it in any amount) and people were buying it up and selling it on a secondary market, it would still cause the price to go up.−theklub8yWater isn't bitcoin though.. you can meaningfully divide a bitcoin down to .0001 and give it to someone. You can't really trade drops of water.−asafira8yWhy can't you trade drops of water? If people were interested (for eye drops it aerosols, for example), why not?
Comments
I don't think that means it isn't scarce: if there was a supply of water (and you could buy it in any amount) and people were buying it up and selling it on a secondary market, it would still cause the price to go up.
Water isn't bitcoin though.. you can meaningfully divide a bitcoin down to .0001 and give it to someone. You can't really trade drops of water.
Why can't you trade drops of water? If people were interested (for eye drops it aerosols, for example), why not?