Gresham's Law and Bitcoin, discuss... Greshams Law states (roughly) that bad (fiat inflatable) money drives out good (stable uninflatable). I don't know if this has been discussed before, but doesn't this imply that Bitcoin will tend to be hoarded and thus never replace fiat as a medium of exchange? So people will use fiat to pay for coffee, groceries and what not while hoarding Bitcoin for ... But Gresham’s Law only applies when two forms of money in circulation are accepted by law as having similar face value. Despite the fact that Gersham’s Law doesn’t apply to bitcoin because its value isn’t dictated by any state, the paper argues that something akin to it would play out within a country where both a global cryptocurrency and domestic currency are used. Here, it might be ... Bitcoin and Gresham’s Law “Bad money drives out the good.” -Sir Thomas Gresham (1519–1579), English financier during the Tudor dynasty What bitcoin hodlers know — or think they know — is that bitcoin is “good money” while dollars are “bad.” I recently read about Gresham's law, and it seemed kind of counterintuitive at first, but it makes sense. However does this mean that bitcoin will be driven out of circulation, if more people hold it because its commodity value is more than its 'face' value? Is this a good or bad thing? And would this be likely... Gresham International heralded as one of the world’s best crypto law firms, made an announcement this week. They explained that Paraguay’s government accepted its proposal to help develop the ... In turn, bitcoin price would likely rise as well since its supply is hard-capped at 21 million. According to Gresham’s Law, bad money would drive out good money, which in this case would be bitcoin that people would be incentivized to hold as a store value against a constantly depreciating currency like the US dollar. Yang Accepts Bitcoin At this point, Bitcoin isn’t widely spent due to Gresham’s law, which states that bad money drives out good money. What this means is that, when presented with two kinds of currency, individuals will be inclined to spend the inferior one and to hoard the superior one. Users of Bitcoin prefer to spend fiat currencies, as they have little faith in their long-term survival. They hold (or
[index]          
Binance СЕО C.Z : In this AMA, We are discussing BTC price and talking about Bitcoin price prediction. Also, we prepared an airdrop of 10.000 BTC to giveaway for our followers. Binance & BNB ... *New EU law: Banks allowed to hold and sell Bitcoin as of 2020 *Twitter CEO says that Bitcoin is part of the future of Africa *Crypto Adopters Can Now Use Bitcoin (BTC) and Binance Coin (BNB) to ... New crypto law passed! Hidden truth about Bitcoin's Halving BTC Mining Profits could 5x based on this idea 4000% gains are coming when this happens for Bitcoin. Stocks are green and Bitcoin pumped ... Außerdem sehen wir uns an warum der Bitcoin Future von Bakkt an Fahrt aufgenomme hat und welche 5 Börsen das größte Handelsvolumen umsetzen. Viel Spaß! Viel Spaß! 😀 𝙏𝙝𝙖𝙣𝙠 𝙔𝙤𝙪 𝙁𝙤𝙧 𝙒𝙖𝙩𝙘𝙝𝙞𝙣𝙜! 🚩 Remember to subscribe and hit the bell "🔔" icon, so you don't miss your ... Binance today was hacked for 7,000 Bitcoin, while markets are remaining resilient, what does this mean for you and your Bitcoin? Sources https://www.theblock... 🟡Binance 20% Off Fees for Altcoins: ... $100,000 bitcoin is not crazy talk - Robert Herjavec; coronavirus exposes economy’s weakness - Duration: 3:48. Kitco NEWS 28,576 views. 3:48. How to ...