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Example of Gresham's Law in Lyn Alden's - Broken Money and how it applies to Bitcoin to me

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So I was rereading "Broken Money" by Lyn Alden when I got to the section on Video Game money in Chapter 2: The Evolution of Commodities as Money. I thought it was wild how it is a real world example of Gresham's Law in action. I wasn't aware of it through my first read. Learning of this was a validation to me that I am confident about how Gresham's Law plays out in our world. "Bad money drives out good" as the Law goes. Bitcoin will naturally emerge as the best form of money because the bad fiat money will eventually prove itself to be inferior money.

In the Video Game Money section, the official in-game currency "gold" proved itself to be inferior to a magic item deemed universally valuable by the community, the SoJ (Stone of Jordan). Later on, SoJs would be valued in a less scarce commodity called "Perfect Skulls". In this example, gold = $, and SoJs = BTC.

This example just hit right for me because it combines my love for video games, bitcoin, and economic theory all into one.

Just wanted to share a positive moment in my continued passion for Bitcoin and hope for the future.

submitted by /u/necessary_dm
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