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Soak Quest 8 months ago
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image

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🙂‍↕️
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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Fiat is a cancer.
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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... and Bitcoin businesses take into account both: 1) knowing the implied higher value of BTC compared to fiat 2) enjoying lower transaction fees and no chargeback risk And thus, they offer discounts to people paying in Bitcoin, incentivizing its use as a medium of exchange
👏
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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🔥
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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If you have a business, accepting bitcoin will benefit you
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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BTCFTW👍
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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#aqstr
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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Let’s take it a step further. Good.
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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Great ⚡🧑🏻‍💻
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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The best adoption
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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Encouraging adoption.
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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Cool iniciative
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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I don't get it; fiat businesses look better by the pictures?
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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#growbitcoin
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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Gresham’s Law?
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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Thanks
Soak Quest's avatar Soak Quest
When it comes to Bitcoin adoption as a medium of exchange, most people cite Gresham’s Law. Bad money gets spent first. Good money gets hoarded. Let’s take it a step further. Producers who understand and accept bitcoin early have a leg up on the competition. They can keep quality high because the cost of their inputs is not rising faster than their savings. Likewise, consumers who save in bitcoin see their lives improve and can afford higher quality goods. Those high quality goods are increasingly made by bitcoin forward companies with less and less incentive to deal in fiat at all. What starts at the high end eventually trickles down as more companies see the value of bitcoin and fewer need to accept fiat. image
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Gresham’s Law is a step for fiat iou holders. If you want the end of fiat you have to build your local Bitcoin circular economy, hold all and hide it and information, knowledge is act like a rat. Fiat delenda est
Soak Quest's avatar
Soak Quest 8 months ago
I think that's the opposite of the point, but not sure what you're saying