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Wednesday

23 June 2021

May The Best Money Win? How Anti Bitcoin Countries React To Its Expansion

May The Best Money Win? How Anti Bitcoin Countries React To Its Expansion


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His argument is based on Gresham’s Law, elucidated in the XVI century, and used to measure the properties of good and bad money.

Hasekamp believes that the argument in defense of Bitcoin is wrong.

At the same time, he argued that fiat currencies “score well” in these properties and are a good store of value.

The government official argues that new form of electronic payments based on fiat currencies have improved their ease of use.

The Dutch government official called for countries that opposed Bitcoin to take action.

He claims that Bitcoin must go through the properties of money in stages, first from a store of value to a unit of account.

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