0 sats \ 1 reply \ @jk_14 4 Aug 2023 \ on: Gresham's Law or Thiers' Law? bitcoin
You did very good article about Lightning "Network: Protocol Maturity and Adoption" (#218655)
So let me clarify one little thing (again and again... ;)
"Sir Thomas Gresham (1519 - 1579)" - was seven years old when Nicolas Copernicus wrote his economic treatise named: "De monetae cudendae ratione".
It contained especially the explanation of a basic economic principle, that of two currencies with equal legal tender existing in the same country, the bad one forces out of circulation the good one. By some scientific misunderstanding this principle was attributed to Thomas Gresham.
The famuos polish astronomer Nicholas Copernicus wrote his Law in 1526, when Thomas Gresham was still a kid - so it's very risky to argue that he could invent this law above as first... ;)
Here is the source:
https://www.jstor.org/stable/25776118 ( #128857 )
So, Gresham's Law or Thiers' Law?
None of above:
Nicolas Copernicus' Law.
Cum!
Why didn't you show up here in the first few seconds for me to edit the post? :(
Thank you very much for your comment and sharing this information.
I'm going to redo it now to put the real information up there on my blog. (could it be?)
If you have a better idea, let me know.
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