people will spend bitcoin more over time
businesses that make bitcoin standard living easier accelerate the process
not concerned but also accelerate
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Greshams Law
Greshams Law
The “Bitcoin Law”: Any good or service must be of sufficient quality and necessity to be transacted in Bitcoin.
The sellers must move first
The producers the sellers the business owners must start the domino effect
Once they demand bitcoin it will change
As long as they accept fiat
People will be incentived to spend their fiat and not their bitcoin
Goods and services will need to improve significantly for that to happen. What I am giving has value over time, and what I will receive in return should have it as well. Consumerism does not go hand in hand with Bitcoin