Why prices of cryptocurrencies with the fixed limited supply are not guaranteed to rise exponentially.

1. Limited Supply
is
Caveman Psychology
@nivertech

3. Creating Artificial Scarcity by Limiting Supply

4. Underlying
Commodity
Derivative
utility tokens
(i.e. compute, storage, airtime, miles, etc.) (ERC20, other crypto-assets, etc.)

5. How to attract “investors” and
to “circumvent” Howey Test
security→limited-supply utility
but the underlying utility itself is not limited
only amount of tokens is limited
thus it’s an artificial scarcity

6. Limited Edition
Only 10K pairs globally
Sold out in 7 hours!

7. It cost nothing to produce new tokens
unlike producing small batch of sneakers
https://www.wired.com/2016/09/nike-self-lacing-design-hyperadapt/

8. Nokia (NOK) stock before 2007
Limited supply of shares works!

11. BOOM!
Limited supply of NOK shares didn’t helped!

13. 13,587
The city controls the number of medallions — currently capped at
13,587 — to prevent an oversupply of cabs like what occurred in the
1930s

17. https://www.cbinsights.com/research/public-stock-driven-uber/

18. NY Taxi Medallions - limited supply isn’t a panacea
● "Gone are the years when taxi medallions steadily rose in value,
largely b/c there was a limited supply of them."
● The city controls the number of medallions — currently capped at
13,587 — to prevent an oversupply of cabs like what occurred in the
1930s
● Taxi Medallions, Once a Safe Investment, Now Drag Owners Into
Debt
○ https://www.nytimes.com/2017/09/10/nyregion/new-york-taxi-me
dallions-uber.html
● https://twitter.com/nivertech/status/907306620702650368