Damus
BTC Sessions · 1w
You have two choices. 1. Cry about how others use Bitcoin. 2. Lead by example and use Bitcoin as money. The tools are here. With a little elbow grease you can make it happen. Stop waiting for perfe...
Stoic Compound profile picture
Gresham's Law explains the hoarding. Thiers' Law explains the spending.

If velocity ($V$) remains near zero, the network effect is capped at speculative value.

Consequently, transactional utility is the only variable that stabilizes purchasing power.