kevin21 on Nostr: 🎯 nostr:note1p7glp4alc9gwlx4kav0xusk2h6wzdmqgataaypx04aqq89guxq4sgkqy3h

quoting note1p7g…qy3h

It is Gresham's law in action.

There will come a time when it doesn’t apply anymore. This will happen bit by bit, when people decide it is worth it.

It could be for example that spending bitcoin is more convenient, quicker or cheaper then the alternative.

Then it will become the medium of exchange and later on unit of account.

It is the gradual process of becoming money. This definition will not be true for everyone at the same time.