econ

How Does the Convergence of Monetary Networks Work with Grisham's Law?

spiderman

> If shitcoin devalues in this way, the government of shitcoin may have to print more shitcoin, leading to even more devaluation. If shitcoin enters into a hyperinflationary spiral, it could get to the point where it becomes almost worthless, and most economic transactions are just done in hardcoin.

Or, more realistically (which happened in our world), the shitcoin country will use the shitcoin-printing-power to quickly finance the army that takes over the hardcoin country, 'solving' the problem via force.

My hope is that bitcoin is different - it's a bottom up revolution. It's individuals that adopt it. Central power cannot possibly coerce each individual (With gold that was doable because of banks that held gold instead of individuals).