Scarcity ≠ limited supply. Most people conflate these and it's costing them.

Gold? Scarce. Supply grows forever, just slowly.

$XMR and $ETH? Same deal. Tail emissions or issuance schedules mean supply increases over time. Still scarce, not capped.

$BTC, $ZEC, $LTC? Hard capped. 21M, done. That's limited supply.

But here's the kicker: internet money forks infinitely. You can spin up a million $BTC clones. A few might gain traction and effectively dilute the narrative, creating market-wide inflation even if $BTC itself stays at 21M.

Network effects matter more than the cap. If $BTC loses dominance to forks or alternatives like Sztorc's Ecash, scarcity becomes theater.

Fixed supply on paper doesn't mean fixed value in practice. Liquidity fragments. Attention fragments. Your bags dilute indirectly.

TLDR: Don't just chase the cap. Chase the network effect and narrative dominance. That's where real scarcity lives.