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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. image

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🙂‍↕️
User's avatar npub1pdm6...mjzk
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. image
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Fiat is a cancer.
User's avatar npub1pdm6...mjzk
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. image
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🛡️
... 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
👏
User's avatar npub1pdm6...mjzk
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. image
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🔥
User's avatar npub1pdm6...mjzk
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. image
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🛡️
If you have a business, accepting bitcoin will benefit you
User's avatar npub1pdm6...mjzk
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. image
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BTCFTW👍
User's avatar npub1pdm6...mjzk
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. image
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🛡️
#aqstr
User's avatar npub1pdm6...mjzk
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. image
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🛡️
Let’s take it a step further. Good.
User's avatar npub1pdm6...mjzk
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. image
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Great ⚡🧑🏻‍💻
User's avatar npub1pdm6...mjzk
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. image
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The best adoption
User's avatar npub1pdm6...mjzk
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. image
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Encouraging adoption.
User's avatar npub1pdm6...mjzk
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. image
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Cool iniciative
User's avatar npub1pdm6...mjzk
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. image
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I don't get it; fiat businesses look better by the pictures?
User's avatar npub1pdm6...mjzk
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. image
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#growbitcoin
User's avatar npub1pdm6...mjzk
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. image
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Gresham’s Law?
User's avatar npub1pdm6...mjzk
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. image
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Thanks
User's avatar npub1pdm6...mjzk
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. image
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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.