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I'm not sure that Gresham’s law would strictly apply since people can instantly exchange one for the other. Definitely an interesting situation to keep an eye o

I'm not sure that Gresham’s law would strictly apply since people can instantly exchange one for the other. Definitely an interesting situation to keep an eye on.

JumpCrisscross 5y ago
> not sure that Gresham’s law would strictly apply You're correct, it's a loose analogy. > people can instantly exchange one for the other "El Salvadorans without a bank account (70% of the population) can only convert bitcoin to greenbacks at a bitcoin ATM. At present, El Salvador only has two active bitcoin ATMs" [1]. [1] https://sites.krieger.jhu.edu/iae/files/2021/06/Bukeles-Bitcoin-Blunder-Final.pdf https://sites.krieger.jhu.edu/iae/files/2021/06/Bukeles-Bitc...