Scarcity is a phenomenon which, during marx's time, was the system around which commodity relations were organized. Scarcity had to be endured. Today it has to be enforced.
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Bitcoin is deflationary by in its very structure. Around 8 million bitcoin have been lost. When someone loses their password, thus locking up the coins forever, they make the coins still in circulation more scarce and thus more valuable.
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Scarcity exists in the midst of plenty, people starving while there are unused resources, people skilled but being under-utilized.
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Scarcity is a source of temptation — people will buy anything that is one to a customer.
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Scarcity is no consequence in the most important things in life — The best things in life are never rationed. Friendship, loyalty, love do not require coupons.
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Water is actually rather scarce --- Less than 3% of the water on Earth is fresh
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See also
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