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0 sats \ 3 replies \ @Lumor 26 May 2023 \ on: How Does Reverse Greshams Law Work? bitcoin
By reverse, you mean - how do we get people to start spending and accepting a harder money?
That is THE question we need to find an answer to.
No. The point was actually about how harder money gives you the ability to purchase more in an economy of people who don't use the harder money. It was about how you can plunder all of their resources and their easy money can do nothing to stop you.
The best part, is that people are giving up their hard money for easy money temporarily only long enough to ensure this plundering of resources. There is no way to insulate yourself from the consequences of someone using a harder money than you
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Reminds me of @Darthcoin from earlier today: #184117
So; embrace the fact that we've put more time/intelligence into studying money than the next poor sucker. Or the next rich-in-fiat sucker.
I haven't found the nobility of schadenfreude yet, even though I recently heard there might be such a thing.
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The point is, you either get with the program, or get rekt. People will either learn from the harsh pain of consequences or remain servants of their own stubbornness.
Don't get me wrong, I love community organizing. I can go grab the Bitcoin beach whitepaper for you. I could go off about how the best places to organize are places that are hurt by the Cantillon effect, not those places which benefit from it. Its just a matter of topicality.
How do we get people to start spending and accepting a harder money? Find the people who have either learned the hard lessons, who are victims of the current financial system and maybe don't understand why or how just yet, or who otherwise are interested in how things could be different.
"show me the incentive show you outcome" -Charlie Munger
Don't bother with people who benefit from money printing. Government workers, people who work for companies with government contracts, and things like that.
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