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RE: Will Bitcoin ever replace fiat money?

in #money7 years ago

Good point @penguinpablo. I'll push back though because the effect of Gresham's Law is dependent on the money actually being used in transactions. The past year has not been a case of Bitcoin holding value as much as it has been speculative. I agree on the general point though. If a stable digital currency were used in exchange then we may well see a repeat of the 1960s when people hoarded their "good" coins and spent the "bad" diluted coin. Great post.

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... or even fiat currencies being properly valued (as nearly worthless).