Quote from: Neo_Coin on December 21, 2017, 10:08:56 PM

Quote from: Gab0 on December 21, 2017, 10:00:40 PM

....
Have you had the opportunity to read about the "Thiers' Law"?
https://www.reddit.com/r/Bitcoin/comments/3w2vqo/thiers_law_the_reverse_of_greshams_law_rolnick/

Edit: Either way, does not the law say that you mention that bad money expels good money? I do not understand your logic.

----> http://nakamotoinstitute.org/mempool/hyperbitcoinization/ <----

It seems to me that the process of "Hyperbitcoinization" responds very well to the budgets of the "Thiers' Law".

Thanks for your reference. I had the opportunity to read this text a couple of years ago, but it never hurts to read it again. It has a very good translation into Spanish.

Edit:

Quote

"The reverse of Gresham's Law, that good money drives out bad money whenever the bad money becomes nearly worthless, has been named "Thiers' Law" by economist Peter Bernholz, in honor of French politician and historian Adolphe Thiers. "Thiers' Law will only operate later [in the inflation] when the increase of the new flexible exchange rate and of the rate of inflation lower the real demand for the inflating money."