What is Nostr?
jackspirko / Jack Spirko
npub1587…kv0n
2025-01-26 01:13:48
in reply to nevent1q…7se2

jackspirko on Nostr: Well I would use a bank card too. Why in the world would I part with hard money for ...

Well I would use a bank card too. Why in the world would I part with hard money for bar food? I mean if the place takes BTC I'll totally do it with something like Strike. But I also know they are not going to really take BTC they are also converting back to fiat.

I find this compulsion to have people spend Bitcoin to be well, 2010 reality. We've past that part of the evolution. We are in the early part of the long middle of this game. As long as an inferior money is accepted by most people for most thing people will spend the inferior money.

Honestly Gresham's law needs some updating because Bitcoin changed the entire game but it is an identical principle.

https://en.wikipedia.org/wiki/Gresham's_law
Author Public Key
npub15879mltlln6k8jy32k6xvagmtqx3zhsndchcey8gjyectwldk88sq5kv0n