You are just confusing exchange value with use value. From the words of Adam Smith:
The word VALUE, it is to be observed, has two different meanings, and
sometimes expresses the utility of some particular object, and
sometimes the power of purchasing other goods which the possession of
that object conveys.
Something can have use value without being scarce. But in the context of a currency, what matters is exchange value, and does require scarcity to be preserved.
In fact, his quote continues:
The things which have the greatest value in use have frequently little
or no value in exchange; on the contrary, those which have the greatest
value in exchange have frequently little or no value in use.
I am not confusing exchange value with use value. Everything you said is correct, except for the bit about scarcity.
If scarcity is needed for value, then how are write-once read many commodities worth anything? Mp3's, software, electronic books, mpeg's? They have no scarcity whatsoever. Their value is not imputed by scarcity, but as Adam Smith pointed out, by the labor it took to create them.
Almost all of the businesses on this website are about the creation of commodities because they are "scaleable". They are scaleable because they are not scarce, like a car, they are WORM (write once, read many).
If scarcity is needed for value, then how are write-once read many commodities worth anything? Mp3's, software, electronic books, mpeg's? They have no scarcity whatsoever.
They aren't. If you believe they are, I have a collection of MP3 files to sell you. Tell me how much do you think each song is worth, I'll sell you for half of that, and you can make some profit. Deal?
Almost all of the businesses on this website are about the creation of commodities because they are "scaleable". They are scaleable because they are not scarce, like a car, they are WORM (write once, read many).
It's not scarce for them, but it's scarce for the consumer. Why do you think everyone here is building SaaS apps and not Free Software licensed desktop applications?
Not that you can't make money with Free Software - I should know, since my paycheck comes from writing it. But what our costumers pay for isn't the software as it is, which many have already downloaded for free when they come to us.
In fact, his quote continues: