TIL Gresham’s law. Briefly speaking, it’s about how bad money drives out good money. Used in the fiat context, people will prefer to get rid of worn-out notes and keep their fresh ones, demonstrating how the currency perceived to be more valuable will not be in circulation so much. As for the Bitcoin vs fiat context, it refers to how people HODL Bitcoin because they deem it to be more valuable than fiat.   Which makes the mindset you Stackers have all the more admirable. You actively use your sats not just on gift cards, but also on merchants that directly accept BTC payments. You encourage newbies like me to check out btcmap.org to seek out local merchants who accept BTC so as to foster a circular economy. Some of you even manage to receive your salary in BTC via bitwage. You are free and independent of fiat.   But the question I have is, if we all know that BTC is scarce and its value will increase in the years to come, how can you bear to let go of your sat stash right now? What was the turning point that made you determined not to hoard your BTC and use it with an open heart?   originally posted on Stacker News