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Re:Coinbase Wants to Be Too Big to Fail by m-i-l on Friday September 28, 2018 @04:28AM (#18091818)
> "Gresham's law ... Bitcoin is the best money that has ever existed"

I think Gresham's Law has been showing us the exact opposite point with cryptocurrencies as a whole - cryptocurrencies are the "bad money" with no inherent value, i.e. no use case yet other than speculation, so people have been trading them away for "good money" (fiat), leading most cryptocurrencies on a long term trend towards zero. The only thing propping up Bitcoin is its pyramid scheme design (disproportionately rewarding early adopters and requiring them to constantly seek new scheme members to counteract its deflationary nature), so the small number of people with almost all the wealth are massively incentivised to protect their wealth by investing in pro-crypto projects, pro-crypto press etc. to convince as many people as possible that it is the "the future of money", "the best money that has ever existed", etc.

Re:Coinbase Wants to Be Too Big to Fail by sparkie on Friday September 28, 2018 @04:39AM (#18091847)
Cryptocurrency has inherent value. Fiat has no inherent value because it is just numbers somebody typed into the computer.
Re:Coinbase Wants to Be Too Big to Fail by ohiovr on Saturday September 29, 2018 @06:27PM (#18103280)
And enough firepower to pulverize a planet, when does bitcoin get that like the USD?

Full faith and credit of the US government