AgoristView on Nostr: I think what the story shows is thst when there isn't good money available, people ...
I think what the story shows is thst when there isn't good money available, people will use any halfway viable thing in its place. And it's also basically a demonstration Gresham's law -- given the same face value, the out of date tuna will trade & the good tuna will be saved.
But tuna just isn't a good form of money.
A good form of money is something that doesn't expire, is more scarce, is more divisible, is more portable, is verifiable, & is censorship proof. Bitcoin is better at all of the above than any other money to ever exist. What would the bootstrapping of a new monetary system look like?
Published at
2025-03-12 19:10:21Event JSON
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"content": "I think what the story shows is thst when there isn't good money available, people will use any halfway viable thing in its place. And it's also basically a demonstration Gresham's law -- given the same face value, the out of date tuna will trade \u0026 the good tuna will be saved.\n\nBut tuna just isn't a good form of money.\n\nA good form of money is something that doesn't expire, is more scarce, is more divisible, is more portable, is verifiable, \u0026 is censorship proof. Bitcoin is better at all of the above than any other money to ever exist. What would the bootstrapping of a new monetary system look like?",
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