Gresham's Law... bad money drives good money out of circulation. It's the same reason why 90% silver coins almost immediately disappeared from circulation in the USA after 1964. Same reason why Indians are trying to spend their shitty 500/1000 rupee notes instead of turning them in to the banks for official "corruption-resistant" replacement notes.
You are viewing a single comment's thread from:
well said
I can ask you the same bullshit. If the gold is so good money why nobody use it to trade in a conventional level? The gold is far away from being a good currency and the btc is far away from being a currency or commodity, is a blockchain technology based and its true value is in the nodes behind it, not in the capacity to trade. What will happen when someone invent a 5 000 000 THS chip to mining?