AI, Bitcoin and Gresham's Law
Absent government coercive controls, people and markets in general will always prefer to use hard rather than soft money. In situations of freedom, the strong money 'drives out' the soft money.
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Absent government coercive controls, people and markets in general will always prefer to use hard rather than soft money. In situations of freedom, the strong money 'drives out' the soft money.
This memo intends to brief the federated societies of the galaxy on the status of one specific emerging civilization that has increasingly been of interest to our members, and further, to recommend caution when traveling unannounced nearby their local planet.
William Harvey demonstrated the mechanism of blood circulation in the 1620s, demolishing ancient and medieval knowledge about the body’s humors.
Viktor.Adler.Areo00187 peeled out of his training gear in the tiny hygiene pod. When he heard the first dull thud on the door of his sub-habitat, his adrenaline spiked. The next instant, the metal plate crashed to the floor, bent out of recognition. The Areopolis security guards trampled it as they rushed in.
'Money is gold, everything else is credit' John Pierpont Morgan in 1912.
Ricardo Castillo climbed the last few steps to the newly completed observation deck of Panama Four, careful not to betray his shortness of breath to his assistant. They had arrived at New Darién that morning from the mainland, part of an entourage ferried in on a small fleet of hydrocopters that skimmed over the Pacific waves. Disembarking, they gazed, wide-eyed like children, upon the colossal construction works.