For those who are not aware, Gresham's Law contends that, if people have a purse containing two monies, one whose face-value reflects its actual market value, and one whose face-value is higher than its actual market value (because of coin debasement, like clipping or using cheaper metals at the mint), then people will prefer to use the debased coins first.
Lightning means that you don't have to keep the debased money and spend it, to be rid of it. You can simply convert it.
Laeserin
npub1m4…jc2jl
2024-06-16 12:00:48
in reply to nevent1q…lmtr
Author Public Key
npub1m4ny6hjqzepn4rxknuq94c2gpqzr29ufkkw7ttcxyak7v43n6vvsajc2jlPublished at
2024-06-16 12:00:48Event JSON
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"content": "For those who are not aware, Gresham's Law contends that, if people have a purse containing two monies, one whose face-value reflects its actual market value, and one whose face-value is higher than its actual market value (because of coin debasement, like clipping or using cheaper metals at the mint), then people will prefer to use the debased coins first.\n\nLightning means that you don't have to keep the debased money and spend it, to be rid of it. You can simply convert it.",
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