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Blackrock CEO Larry Fink: Bitcoin is Like Digital Gold

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https://www.youtube.com/watch?v=1_nJVR5AU5k

About this discussion

Through the bitcoin lightning network, you can buy pieces of pizza. Even 1 Sats can be sent at the speed of light.

In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of money in circulation, the dobar money will gradually disappear from circulation.

This is one of the main reasons why people don't massively use bitcoin as a means of exchange for buying pizza

Theory

The law states if there are two forms of money "good" and "bad" money (both forms required to be accepted at equal value under legal tender law) quickly becomes dominated by the "bad" money. This is because people spending money will hand over the "bad" coins rather than the "good" ones, keeping the "good" ones for themselves.

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