Eduardo Prospero on Nostr: Unfortunate use of "cryptocurrencies," but the message stands: “People complain ...
Unfortunate use of "cryptocurrencies," but the message stands:
“People complain that Bitcoin is not used like money in day-to-day transactions but is more like an investment and used in investment transfers of money. However, this ignores Gresham’s law! Naturally, people are not spending cryptocurrencies very much. They prefer to hold them rather than spend them. They spend the inflationary monies first. That is Gresham’s Law!”
https://mises.org/mises-wire/greshams-law-bitcoin-will-save-worldPublished at
2024-11-22 10:23:26Event JSON
{
"id": "89ef675b0b5ad92a98e2f7fedce4bd49b968d84137ea0a9292c24afc3f463767",
"pubkey": "77dc92e25293199b05bf37ef089f99843736845031b0ac8d6ff6053103592538",
"created_at": 1732271006,
"kind": 1,
"tags": [],
"content": "Unfortunate use of \"cryptocurrencies,\" but the message stands:\n\n“People complain that Bitcoin is not used like money in day-to-day transactions but is more like an investment and used in investment transfers of money. However, this ignores Gresham’s law! Naturally, people are not spending cryptocurrencies very much. They prefer to hold them rather than spend them. They spend the inflationary monies first. That is Gresham’s Law!”\n\nhttps://mises.org/mises-wire/greshams-law-bitcoin-will-save-world",
"sig": "b8dcf3c8f03c83d7f4077be02d89c8a7d3f343f2791de5d61c946f1a63b2fb532b96cbf79dac87e232ea7543e0e3225f0dd2cebb5e48e5bc3934ade0894dfc9d"
}
