0 sats \ 0 replies \ @jk_14 11h \ parent \ on: MONEY CLASS OF THE DAY: Sir Thomas Gresham and the Economic Law He Didn't Make econ
But the merchant is in the exact same position
No, he is not in the same position.
I see the content of my wallet only - while he doesn't. And I give him ten-dollar banknote which I prefer: so, a used one, but still in acceptable condition for anyone.
He simply doesn't know if I have another ten-dollar banknote (brand new) inside my wallet or not.
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