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None of these models simply factor in Greshams Law.

People will always spend the worst currencies first and hoard the ones that hold value. We dont live in a world where Bitcoin is the only currency, not yet. All the different fiats need to get dumped and get to a state of "not accepted" before entertaining such frameworks.

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michiganHODL 1y ago

This right here - also, the velocity emanating from getting rid of melting-ice-cube-money necessarily doesn't spur REAL economic value.

But the velocity that comes from people making an educated decision to part with their money for something they find truly valuable (or which produces REAL economic return if that parting is an investment), does produce real economic value.

With a disinflationary money, velocity doesn't vanish - it just goes to where it's worthy. 🙏🏼

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