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Bitcoin’s Cantillon Effectbmpro.substack.com/p/bitcoins-cantillon-effect-and-hidden?publication_id=490261&utm_medium=email&utm_campaign=email-share&triggerShare=true&r=9bii2
183 sats \ 2 comments \ @siggy47 30 Nov 2023 bitcoin
I only can access the free portion of this article, but I like the idea of bitcoin having a reverse cantillon effect. It also touches on Gresham's Law. It would be great if someone has full access to the complete article.
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439 sats \ 1 reply \ @Gar 30 Nov 2023 freebie
"Reverse Cantillon Effect" - I had not heard that before and I like the concept. I was a part of an early effort to get merchants to accept Bitcoin back in the day. They were mostly small businesses and restaurants. That effort to onboard merchants spanned the 2017 bull run and those who kept the bitcoin they had earned benefitted tremendously. They were closer to the purchasing power payoff than merchants who only accepted fiat. We didn't use the term back then, but I think you could say this was a reverse cantillon effect.
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21 sats \ 0 replies \ @siggy47 OP 30 Nov 2023
Yes. I know a friend who was getting 2 or 3 percent cash back in bitcoin on grocery shopping during the recent bear market. At today's bitcoin/USD exchange rate the groceries were in fact cheaper.
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