kaqma13 on Nostr: Thanks nostr:note1ed6vg9ckajfdyu0qnu7rxvy52zwxt2qws45xlwguluez89nksr4qr5gurg

quoting note1ed6…gurg

When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law.
Bad money gets spent first. Good money gets hoarded.

Let’s take it a step further.

Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings.

Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods.

Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all.

What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat.