GRESHAM’S LAW: THE MONETARY CONFIDENCE GAME

In a world where two forms of money coexist, one depreciating in value while the other remains stable, Gresham’s Law dictates that people will naturally seek to spend the depreciating money while hoarding the good money. Sir Thomas Gresham (1517-1579), British financier and advisor to Queen Elizabeth I, penned the law: “Bad money drives out good.” This means that when given a choice, individuals will quickly dispose of the currency losing value and hold onto the one that maintains its purchasing power. The good money will be “driven out” of circulation.

#bitcoin vs #usd

I avoid them like ETH avoids POW..

Bunch of idiots! They actually don’t deserve BTC!

Agreed with this point.. once trust is broken it can never ever ever be fixed in my opinion..

Unfortunately the person is in a jurisdiction where the law protects the woman and kids far more than it does men..

In my country.. they genuinely could be the worst people I’ve ever had to deal with..

Police officers.. fuck me! The arrogance! Only way to get them away is to give them money otherwise you get assaulted and treated like shit..

Sad but the truth is they genuinely don’t get paid on time… on average it’s about 3-4 months delayed..

So this happened to me previously..

I proposed and 3 weeks later she called it off because she was pregnant with another dudes kid.

I asked her when she called it off if she is 100% sure - I haven’t seen her since that day 7 years ago!

I don’t understand why people can’t just be honest and call it off.. all this was done in a sober mindset as well..

What’s more useless than a parasite aka GOVERNMENT EMPLOYEE…. The USD paper currency.

#bitcoin #freedom #inflationistheft

These parasites don’t deserve the same air we breathe…

Men and Woman on this platform..

Hypothetical question..

Couple together for 18 years - married with 2 kids (5 and 10 months old)

Wife just admitted to an affair..

What you doing in this situation?

#asknostr

$7500 USD! Let the stacking begin again.. hopefully within 36 months I’ll be back at the same SATS amount. #bitcoin #freedom #hardmoney

nostr:nprofile1qqs9avl6hmfcqrma3s3haa94c4h436skujtl44qvlht59hwhxksr8ng46k8r8 - legend! Thank you very much.. helps me so much!🙏

#btccommunityisthebest

Unfortunately sold 95% of my stack… I tried all other fiat options but they didn’t wanna have any of it..

At least I know I just need to stack as hard as possible to get back to where i was.. thanks for the sats 🙏

Today is a VERY SAD DAY!

I had to sell some BTC..

Fucking worst feeling ever!

#bitcoin

In the next crisis, I believe the Federal Reserve’s balance sheet, currently at $7.2 trillion, could expand to $25 trillion or even more. Such an astronomical increase would not only inflate the Fed’s balance sheet but also risk further erosion in confidence of the sovereign creditor’s creditworthiness. #bitcoin #debt #interest #freedom #endthefed

Following the GFC, the Fed grew its balance sheet by $3.6 trillion over 78 months (6.5 years) compared to $4.8 trillion in just 25 months (2.1 years) following the COVID crisis!

#brrrrrrrgoestheprinter #bitcoin #debt #interest #covid

As we’ve established, our current debt-based fiat currency system operates like a Financial Doomsday Machine. Stein’s Law is real. We cannot continue to take on debt in excess of GDP growth without facing either an eventual collapse of that debt or inflation/hyperinflation from printing money to service that debt.

#federalreserve #fiat #debt

As we’ve established, our current debt-based fiat currency system operates like a Financial Doomsday Machine. Stein’s Law is real. We cannot continue to take on debt in excess of GDP growth without facing either an eventual collapse of that debt or inflation/hyperinflation from printing money to service that debt.

#dollar #debt #bitcoin #freedom #money #lightning

In terms of adoption, Bitcoin is at the America Online (AOL) stage of the internet’s development. Today feels a bit like 1998 to me. Bitcoin is large, proven, and working, but it is still a niche financial product. Just as the internet grew from a niche technology to a global phenomenon, I believe Bitcoin is poised for a similar trajectory.

#bitcoin #freedom #hardmoney

It is going up forever, Laura.

#bitcoin #mstr nostr:nprofile1qqs2xs05tluhtr6hpgsmqqxp04898gayjlyrjlexcrndv8j6el784xqtg3trx

Bitcoin is a monetary network business and reminds me of Amazon, Facebook, and Google in their early days. I missed investing in those three names. I am not going to make that mistake again. I have a story about that.

#hardmoney #investing #storeofvalue #bitcoin #freedom

In the history of investing, very few investments have returned 100 times your investment in a roughly 20-year period, and the number of investments that have returned over 1000 times is smaller, still. Network businesses are just different. The upside breaks traditional investing models. #bitcoin #lowtimepreference #freedom