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Scarcity as an API
Today’s economic constraints may be enforcing a degree of sobriety, but even before the pandemic, the easy money was clearly concealing a stagnation. This is the thesis of the Umami essay: that material progress had plateaued, leaving us to manipulate symbols and create the mere illusion of value (this is also what David Graeber argues in his “we w
... See moreDrew Austin • The Culture of Cope
I’ve been working in digital spaces making artwork since well before cryptocurrency was around, and lack of scarcity is the only thing we’ve got.
everestpipkin.medium.com • “THE ENVIRONMENTAL ISSUES WITH CRYPTOART WILL BE SOLVED SOON, RIGHT?"
Scarcity is a form of framing a product.
Example: At the Apple store, there’s only one of each product on display. All other inventory is in the back. This creates a sense of scarcity and increases the value of the product.