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Gresham's Law (wikipedia.org)
33 points by HugoDaniel on March 15, 2020 | hide | past | favorite | 7 comments



Is this a implication about Bitcoin, Toilet Paper or something else?


The concept reminded me of good/bad programmers and good/bad companies. Good programmers stay employed by companies. Bad programmers are not kept and always in the job market. Bad companies lose good programmers and are always hiring.


It's probably referencing the quantitative easing plan which is being presented as analogous to debasement of coinage.


Still not clear how it relates though. A dollar is a dollar is a dollar. It's not like old dollars are gold and QE dollars are copper.


A bitcoin is a bitcoin is a bitcoin. People aren't concerned about whether or not a dollar is still a dollar. They are concerned about whether a dollar (more specifically their savings) can still buy the same amount of goods and services.


That, however, has nothing to do with the subject of the article.


Could be related to bitcoin. Most people with bitcoin have it because they expect it will be worth a lot more in the future, so they never spend it too buy stuff. Even if it was practical to buy things with bitcoin, they'll keep using dollars and storing the bitcoin they have.




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