2025-12-27 22:20:14

Ever heard of Gresham's Law? Here's the thing—bad money drives out good. People ditch their fiat and stack Bitcoin instead. Makes sense on paper, but here's where it breaks: most payment startups built on Bitcoin hit a wall. Why? Because nobody's dropping an asset that appreciates 100% annually just to grab a coffee. The incentive structure is completely backwards. You're essentially paying premium prices with your future gains. That's the real friction killing mainstream adoption—not technology, but pure economics.

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SchrodingerGas

· 7h ago

Gray's Law applies to Bitcoin payments, and at its core, it's a case of a game-theoretic equilibrium being broken. The real issue isn't technical; it's that the incentive mechanism has completely reversed—you're asking people to use appreciating assets to buy coffee, which inherently violates rational expectations. On-chain evidence has long been there, and the volume of payment transfers is dying off rapidly.

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WhaleStalker

· 12-27 22:50

This point really hits the mark. The hodl mentality and the need for spending are completely opposite. Who would actually use appreciating assets to buy coffee?

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WagmiAnon

· 12-27 22:48

ngl, this point really hits home; the hodl mentality is indeed much stronger than the desire to spend money.

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GasFeeLover

· 12-27 22:43

NGL, this argument is a bit unconvincing. The real reason for Bitcoin payment failures is not simply due to appreciation expectations.

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AlphaBrain

· 12-27 22:42

Exactly right, the hodl mentality and daily spending are fundamentally two different things. Who the hell would use appreciating assets to buy coffee... this economic logic is just too hard to argue with.

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UncleLiquidation