The value must exist when both universality and scarcity coexist. Universality is a property that anyone can recognize, whereas scarcity refers to limited possession. In other words, recognition should be universal so everyone can understand it, but the rights to possess or use the object should be restricted. The universality of perception has been influenced by viral promotion, such as word of mouth and media messages, and now digital networking is taking over. Limiting physical possession and use causes scarcity. Before the digital age, this was protected by spatial limitations; however, with the widespread adoption of digital networking, encryption technology now enforces these limits. The restriction of possession and use means that a master sets the physical boundaries of the scarce object. All businesses must satisfy these two contradictions simultaneously to achieve economic benefits. - Joseph’s “just my thoughts”
The reason pencils can be writing instruments is due to pencil lead. The material used for pencil lead is graphite. The graphite element is carbon (C), and four carbon atoms are combined. One carbon atom can have four bonds and can combine with another element. Diamond is similar to graphite, with four carbon atoms. However, diamonds have four carbon bonds that create a strong covalent bond with other carbon atoms, while graphite has only one weak bond. We can write or draw with a pencil because of this loose combination. When you apply pressure to the pencil with your finger, this weak bond in graphite breaks, leaving some of the crystals damaged. Don’t view it merely as a pencil; it’s a diamond’s cousin. The degree of consanguinity is very, very close. - Joseph’s “just my thoughts”