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Gresham's Law
- aaron695 7y agoIs this a implication about Bitcoin, Toilet Paper or something else?
- 2038AD 7y agoIt's probably referencing the quantitative easing plan which is being presented as analogous to debasement of coinage.
- jdm2212 7y agoStill not clear how it relates though. A dollar is a dollar is a dollar. It's not like old dollars are gold and QE dollars are copper.
- eberkund 7y agoA bitcoin is a bitcoin is a bitcoin. People aren't concerned about whether or not a dollar is still a dollar. They are concerned about whether a dollar (more specifically their savings) can still buy the same amount of goods and services.
- dmurray 7y agoThat, however, has nothing to do with the subject of the article.
- IndexPointer 7y agoCould be related to bitcoin. Most people with bitcoin have it because they expect it will be worth a lot more in the future, so they never spend it too buy stuff. Even if it was practical to buy things with bitcoin, they'll keep using dollars and storing the bitcoin they have.
- francisofascii 7y agoThe concept reminded me of good/bad programmers and good/bad companies. Good programmers stay employed by companies. Bad programmers are not kept and always in the job market. Bad companies lose good programmers and are always hiring.