Replies (54)
🙂↕️
Soak Quest
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.
Awesome!
Fiat is a cancer.
Soak Quest
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.
Living in a lie is not a worth living life. Bitcoin fixes this.
Low time pref v high time pref. Huge.
... and Bitcoin businesses take into account both:
1) knowing the implied higher value of BTC compared to fiat
2) enjoying lower transaction fees and no chargeback risk
And thus, they offer discounts to people paying in Bitcoin, incentivizing its use as a medium of exchange
👏
Soak Quest
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.
🔥
Soak Quest
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.
you are right 🤝
That's the real way, stop using fiat swaps.
The real way is to use Bitcoin and have the producers and sellers accept it and never have to exchange or sell for any other shitcoin.
If you have a business, accepting bitcoin will benefit you
Soak Quest
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.
🔥🎉🥳👍LFG
let's help create a circular bitcoin economy
BTCFTW👍
Soak Quest
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.
#aqstr
Soak Quest
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.
Thanks
Thanks for the sats
Why isn’t there a Bitcoin marketplace on nostr?
Let’s take it a step further. Good.
Soak Quest
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.
Good, thanks.
Reaganomics 2.0
Great ⚡🧑🏻💻
Soak Quest
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.
Aqstr Done ⚡🧑🏻💻✅
The best adoption
Soak Quest
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.
Bitcoin
Encouraging adoption.
Soak Quest
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.
Perhaps we still have a long way to go to overcome fiat currency, but we are growing in numbers.
There already is. Check the miniapps in Keychat. Also please follow me 🙏
Cool iniciative
Soak Quest
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.
@AQSTR Happen again after do this task and Reply, my follow list ITS ONLY 1 now ❌✅🧑🏻💻
✨
After this, I will only follow the profile whose tasks I completed. ✅
I don't get it; fiat businesses look better by the pictures?
Soak Quest
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.
fiat businesses look better? What's the point?
#growbitcoin
Soak Quest
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.
more quality stuff from merchants in the future
Gresham’s Law?
Soak Quest
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.
Thanks
Soak Quest
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.
nice
Bitcoin es el camino correcto
Bitcoin es el camino correcto
🤙🏼
It’s a bug. We working to fix it
I agree, everyone forgets the name of Thier's Law.
Gresham’s Law is a step for fiat iou holders. If you want the end of fiat you have to build your local Bitcoin circular economy, hold all and hide it and information, knowledge is act like a rat.
Fiat delenda est
It takes quality products to separate quality money from its owner.
Was looking for it the name, couldn't remember
Especially for bitcoiners
I think that's the opposite of the point, but not sure what you're saying
We are winning on the margins
True. PoW or nothing 🧡💪🏼
You're not alone, no one ever does. To the point where many conflate Gresham's law with Thier's law rather than its corollary.
It's likely those with quality products will be MORE likely (and earlier) to accept #Bitcoin. Understanding Bitcoin takes work and thought. Those that work hard and think about their products more have better quality and customer service (generally speaking).
Seek out those that accept Bitcoin. And ask business owners if they accept Bitcoin - the more you ask the more it will resonate in their head.
