GM 🌅
Gresham's law is an economic principle stating that "bad money drives out good." In other words, when two forms of money are in circulation and both are accepted at face value, people tend to hoard or spend the money that is of lower value (bad money) and keep the money that is of higher value (good money). This occurs because people want to hold onto the more valuable currency and use the less valuable one for transactions. As a result, over time, the less valuable currency becomes the predominant form of money in circulation.
#bitcoin #hodl
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npub1lf…v3vh5
2024-03-28 07:48:35
Author Public Key
npub1lf40mdzesu7l6r887qz40h2q2gnu52s2c4h83qe305ql9thfkprq3v3vh5Published at
2024-03-28 07:48:35Event JSON
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"content": "GM 🌅 \n\nGresham's law is an economic principle stating that \"bad money drives out good.\" In other words, when two forms of money are in circulation and both are accepted at face value, people tend to hoard or spend the money that is of lower value (bad money) and keep the money that is of higher value (good money). This occurs because people want to hold onto the more valuable currency and use the less valuable one for transactions. As a result, over time, the less valuable currency becomes the predominant form of money in circulation.\n\n#bitcoin #hodl",
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}