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RE: Venezuela's New Cryptocurrency Is A Scam

in #bitcoin7 years ago (edited)

"Greshams law" is not alone, got an logical extension for some time now .... So, bad money run the good money out of the shit economy to a premium, elite, economy by reverse of Greshams law, thiers law:

https://mirror.explodie.org/bitcoin-breaches-greshams-law.pdf and https://en.wikipedia.org/wiki/Gresham%27s_law#Reverse_of_Gresham's_Law_(Thiers'_Law)