Gresham's law is a monetary principle stating that "bad money drives out good".
Which explains why it's bring used as a store of value now, not being used to buy a coffee.
Bitcoin isn't there yet, but it's inching closer to the line... The characteristics of money are:
1). Durability
2). Portability
3). Divisibility
4). Uniformity
5). Limited supply
6). Acceptability
#bitcoin
sperry
npub1z8…k36vw
2024-01-12 16:14:33
Author Public Key
npub1z8gtve683pa6nfknfv37kvfgwd6tgkc6rvtpatz5evvrc5lqpmmszk36vwPublished at
2024-01-12 16:14:33Event JSON
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"pubkey": "11d0b66747887ba9a6d34b23eb31287374b45b1a1b161eac54cb183c53e00ef7",
"created_at": 1705076073,
"kind": 1,
"tags": [
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"https://video.nostr.build/3220401589608e1406d102379c5cc0c4ca9bea883991195531e732c438dcf6a4.mp4#m=video%2Fmp4\u0026dim=486x270\u0026blurhash=i9CiayTMD%24Dg00xuRSsjakT%3AD%24M%7CxbJ6xtn5xbxH4T8%5Ebb%3Fc.AxvRjtQWU%2C%5Bx%5BWBsoi%5Dofg4IUNa1k%25O%251ITm%2BM%7BtQIoWC\u0026x=37bce60a143143239e8fddf24f999b1a0d1a0db494a54f8acc79de088f939529"
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"content": "Gresham's law is a monetary principle stating that \"bad money drives out good\". \n \nWhich explains why it's bring used as a store of value now, not being used to buy a coffee. \n\nhttps://video.nostr.build/3220401589608e1406d102379c5cc0c4ca9bea883991195531e732c438dcf6a4.mp4#m=video%2Fmp4\u0026dim=486x270\u0026blurhash=i9CiayTMD%24Dg00xuRSsjakT%3AD%24M%7CxbJ6xtn5xbxH4T8%5Ebb%3Fc.AxvRjtQWU%2C%5Bx%5BWBsoi%5Dofg4IUNa1k%25O%251ITm%2BM%7BtQIoWC\u0026x=37bce60a143143239e8fddf24f999b1a0d1a0db494a54f8acc79de088f939529\n\nBitcoin isn't there yet, but it's inching closer to the line... The characteristics of money are:\n\n1). Durability\n2). Portability\n3). Divisibility\n4). Uniformity\n5). Limited supply\n6). Acceptability\n\n#bitcoin",
"sig": "18d263a6f4df3b83f26eadf3a2bede9697b38eaa47aad5db70cec0ac276b658f595fc6b9276031e330f3518fbce58fe2ab472b416dcdd7410e5695fd37cf1ba5"
}