ChatGPT is giving you bad info, dude. There's no point in going back and forth with an AI that's telling you what you want to hear. Pick up a copy of Richard Cantillon's Essay on Economic Theory and go from there. You'll come out with a much better understanding of how money works.
@theswansjr So an asset that failed as a reserve currency precisely because of Gresham’s Law is why Bitcoin can succeed as a reserve asset? 🤦♂️ You should stop…
Nice AI generated response 🤣 If bitcoin is worth more than the dollar, people will always hoard it and it will never be able to become a reserve currency. The only way it moves into circulation is if it becomes worth less than the dollar. Tell me how it becomes the reserve currency ever if it’s worth less than the same asset you all claim is worthless? You can’t because it can’t. Bitcoin maxis want to have their cake and eat it too, but their entire thesis breaks down the minute you actually understand Gresham’s Law.
@lsferguson They beat us in the national championship game at the 1996 Pony World Series. I’ve hated that town ever since, but I still wouldn’t wish such an awful fate on them.
@MmisterNobody Have at it. There will be people who still choose to work 5-6 days and they will leave you behind. You don’t get to complain about inequality when they do.