There are remarkably many false/dubious statements in this single tweet.
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Care to be more specific?
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Scarcity doesn't make something legitimate. It makes it more like a scam.
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Scarcity doesn't = legitimacy. But forcing people to use a medium of exchange + creating it at an increasing rate seems far scammier to me..
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Go ahead, initiate a bitcoin fork and call it baconcoin.....see who buys it.
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No joke - historically & to present day, that is a necessary condition for money in full (including to denominate direct payment of taxes).
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I’m not endorsing state power as necessary condition for money - but beware Hume’s Guillotine.
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