6. The "Gresham's Law" bit seems to apply to holders. The key being that people will spend the currency faster if they lose faith in it. But this assumes that t

6. The "Gresham's Law" bit seems to apply to holders. The key being that people will spend the currency faster if they lose faith in it. But this assumes that the _sellers_ will accept the currency. A loss of _seller_ acceptance will in fact torpedo the currency. I strongly recommend William Stanley Jevons, _Money and the Mechanism of Exchange_, which still serves as the foundation of much thinking on money (~1880). The plan is to maintain a growing number of contracted merchant partners. If our merchant partners spontaneously stopped accepting Gresham Dollar, they'd legally violate their contract. As part of their contracts, the merchants must set the same price in USD and GD. Their reward is that their account balance is not subject to the Activation Cap, so all of their GD will convert to USD. Thanks for the book suggestion. I've added it to my list.