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A comment on “They’ll Just Make It Illegal”. Parent comment

Re:“They’ll Just Make It Illegal” by DennisP on Saturday June 23, 2018 @09:43AM (#17381234)
Whether "everyone has equal acceptance" is the issue; if there's no shortage of currency then there's probably no demand for a new one. People won't just automatically accept any new currency that comes along.

Hayek argued that the market would effectively govern such an economy and prevent both inflation and deflation. I don't know whether he was right; possibly we'll find out by experiment.

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Re:“They’ll Just Make It Illegal” by erikpukinskis on Sunday June 24, 2018 @03:57AM (#17385504)
> People won't just automatically accept any new currency that comes along.

Eventually they will. You’ll have assets in billions of denominations, and you’ll be able to pay for coffee with a bunch of fractions of pennies and the markets will clear and consolidate value for you.

The future is not Bitcoin replacing the dollar. The future is the idea of a dollar replacing the dollar.

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