Vito on Nostr: I think the value of Bitcoin in dollars makes no practical sense. Gresham's Law works ...
I think the value of Bitcoin in dollars makes no practical sense. Gresham's Law works against Bitcoin. 21 million coins is not only an advantage of Bitcoin, but also its disadvantage. The government does not need to persecute Bitcoiners, there is no need to fight Bitcoin. We ourselves do not want to use Bitcoin in current calculations. We only store it. We drove ourselves into the dungeon of the gnomes. What difference does it make how much Bitcoin costs in dollars? No. The more expensive Bitcoin is, the greedier the Bitcoiner is. The easier it is for the government. The government just needs to not abuse inflation. Gresham's Law and we will do the rest.
Published at
2024-07-21 10:34:39Event JSON
{
"id": "cb1b1d255e094e13b7932cb763d5cb7af487b38638f7d616986076497baae20f",
"pubkey": "bfd6cf08fb6b36afd028d560373e578dec56d6c484735f9cb64c7c82928659dd",
"created_at": 1721558079,
"kind": 1,
"tags": [
[
"e",
"c6693951c34b95158a99d68f9ccb8057ab4a71c4b8d2cbb01e6823386b0ac3c6",
"",
"root"
],
[
"p",
"55e343e6589073d312fcab30075e4b4681369b65459eff36a7e2fe4f880acd1b"
]
],
"content": "I think the value of Bitcoin in dollars makes no practical sense. Gresham's Law works against Bitcoin. 21 million coins is not only an advantage of Bitcoin, but also its disadvantage. The government does not need to persecute Bitcoiners, there is no need to fight Bitcoin. We ourselves do not want to use Bitcoin in current calculations. We only store it. We drove ourselves into the dungeon of the gnomes. What difference does it make how much Bitcoin costs in dollars? No. The more expensive Bitcoin is, the greedier the Bitcoiner is. The easier it is for the government. The government just needs to not abuse inflation. Gresham's Law and we will do the rest. ",
"sig": "91296ea8c3ee3faf0b6e6fa34fed2c0fc7c2371af1fcd0609754ecedf89bbabda58000162b2825834eff8c4e6f652a6aeb54b614aa04ea68bf58173ae317fc7c"
}
