Gresham's law is a law of the buyer in a transaction. The reverse of that applies to the seller. As long as there are two competing media of exchange operating in parallel, the unit of account will move to whichever medium is more predictable. When bitcoin becomes the unit of account, fiat is superfluous
Discussion
I smell what you're steppin in. And I definitely see that being the case the more older heads/business owners get wise. The good news is some people will die on the hill that Bitcoin isn't money-the last bastion of the fiat system.
Can you be more specific other than an abstract warning of dire consequences?
I don't understand the question. I'm saying lots of old heads will either not trust the tech so never accept Bitcoin or they will never not trust the dollar for fear/ignorance of the capabilities of the new system.
"You smell what I'm steppin in"
🤣 nothing dire, I meant "I understand what you're saying". I pick up what you're putting down.
Getting back to your OP. I think my point is that eventually MSTR will be a liquidity provider and will be in the business of lending out bitcoin. But their bags will never be useful for that purpose until some low risk lendee comes along and will pay a premium for the privilege of servicing a loan on the bitcoin. Alternatively, MSTR could issue ecash tokens backed by their stash, and charge an issuance, redemption and/or transaction fee for using said tokens (e.g. cashu)
I've considered that for them, Blackrock, any company or organization with a large stack. I think once you have enough money, financial services would naturally fall into your coffer. I do not have much substantiation for that historically but it just seems logical to me. Any farmer eventually becomes salesman. Do I understand that correctly, that ecash is kind of being used as an iou but not as currency?
Ecash is backed by a promise, it has no direct control over anything on the blockchain (unlike lightning). Cashu anf Fedi are largely the same, tokens redeemable for bitcoin either by the holders of the fedi multisig onchain, or by the mint's lightning node (which may not have routable liquidity)