Konrad S. Graf, a researcher on Bitcoin currency theory, has published a recent paper that further explores Bitcoin's block size restrictions, artificially created scarcity, and Code-Enhanced Public Club Governance. "This topic has troubled me for about 6 years," Konrad S. Graf tweeted. In the paper, the author will explain the economic theory and legal perspective based on the Austrian school's theory of action method and include these concepts: 1. The difference between the market and non-market including transaction in the verification and relay service; 2. Voluntary Differences between scarcity, natural scarcity, and mandatory scarcity; 3. Public club governance enhanced by code; 4. Applying evolutionary models to ideological orientation, mainly comparing "avoiding hard forks" and "embracing hard forks" ".