92 sats \ 0 replies \ @Undisciplined 16 Jun \ parent \ on: Why Gresham's Law Doesn't Apply To Bitcoin And Fiat econ
I agree that it doesn't apply, but that doesn't mean the principle can't be elucidating.
Sats and fiat don't have a fixed exchange rate, which is the premise of Gresham's Law. Dollars won't necessarily drive out Bitcoin for the same reason Argentine Pesos didn't drive out the dollar.