Note that the law applies not just to a particular type of coins, but to the exchange rates between different money commodities as well. Suppose in a bimetallic standard, `metal A` is pegged to `metal B` at a ratio of 1:10, but the market value of a unit of `metal A` is 12x that of `metal B`. In this case, `metal A` is artificially undervalued, and per Gresham's Law, will be driven out of circulation.

I have recently started considering the following: the addressable market of Bitcoin might be much smaller than we previously thought. Bitcoin is for intelligent people who care about liberty and take personal responsibility. The pandemic has demonstrated that the fraction of humans possessing these qualities together is tiny. These people have either already joined or are currently too young to join.

Governments ruin anything they touch.

Is there a length limit on Reads? The article of cut off.

Also, if you think the app is useful, you can upgrade to lifetime membership for a one time fee. I've done it, and recommend it. While I enjoy the anarchy of Nostr, there are clear advantages of a paid, centralized platform like OPA run by people who share your values. Payment to enter a Bitcoin only space is a filter hard to beat.

I don't think it is a surprise that unemployed socialists outnumber thinking beings who have made their way to Nostr.