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Re: Bitbux could eliminate some domestic currencies?
At 12:21 11/23/95 -0800, John Gilmore wrote:
>>From a letter in [My dog, I mean my software, ate this part of the msg -- gnu]
>"The importance of e-money replacing cash is greater than possible effects
>on exchange rates. Rather, it might make certain currencies to all intents
>and purposes disappear."
Gresham's law says that the bad money drives the good money out of
circulation. Does this mean that real cash is better than ecash ;-).