Now that we have resource credits, we have turned writing on the blockchain into a more scarce resource. The proponents of artificial scarcity say this is a good thing. Others will say that it is a bad thing. I say that it is neither. It actually doesn't really matter.
Scarce resources are only valuable if demand exists for them. If demand is non-existent, then your scarce item isn't scarce. It is something nobody wants.
Take this opinion:
"Steem's scarcity is valuable and now people will want to buy more Steem because of it".
Guess what? That statement is backwards. Here is a more realistic take:
"Lots of people want to use Steem and Steem's scarcity makes it valuable"
Or to make things clear:
Scarcity doesn't create demand. Demand creates scarcity.
Let's not get too far ahead of ourselves. You have got to create a product that The People want first before the quantity of the product evens matter.
Think about this. Is there really any demand for Steem or the monetary value it can temporarily be transferred for? What gives Steem value besides it's use as an ends to a means? It is only when we have good answers that ordinary people will care about that scarcity ever matter.
