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20 sats \ 1 reply \ @Brunswick 27 May \ parent \ on: Gresham's Law has nothing to do with Bitcoin bitcoin
This has been nagging me for many years. I believe I've reasoned it through. Given Gresham's law, how can bitcoin dominate in the presence of inferior money?
Obviously there are many inferior forms of money, so what is meant by "bad money drives out good?" The paper below explains why bitcoin will eventually drive out fiat. nostr:naddr1qqgxgwfj8pnxxwfn8ymnxd3hvvexvq3qc856kwjk524kef97hazw5e9jlkjq4333r6yxh2rtgefpd894ddpsxpqqqp65wzzmpg4
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5 sats \ 0 replies \ @oomahq 27 May
We need to work on repealing Capital Gains Taxes and FIFO accounting everywhere.
The absence of this nonsense in fiat currencies is their biggest advantage over Bitcoin as a medium of exchange.
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