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0 sats \ 0 replies \ @jk_14 8h \ parent \ on: Gresham’s Law: Bitcoin Will Save the World! bitcoin
"An old statement “Bad money drives out good.” has become increasingly popular in recent years. The original statement is attributed to Nicolaus Copernicus, the great Polish thinker educated in Italy. A mathematician, an astronomer, a physician, a classics scholar, a translator, a governor, a diplomat and an economist, Copernicus is indeed one of the most brilliant minds that ever lived on earth.
During his old age, a young economist by the name of Thomas Gresham, further expanded the concept initiated by Copernicus and he made an economic law out of it..."
but sir somehow "forgot" about the origin... :/
https://www.linkedin.com/pulse/good-money-bad-stefano-virgilli
As you can see, it's not a big deal to write: Copernicus-Gresham's Law...