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   Cory Doctorow (pluralistic@mamot.fr)'s status on Thursday, 29-May-2025 03:37:22 JST Cory Doctorow

   in reply to

   Gresham observed that anyone who was passed a bad coin would try to spend it as soon as possible, and if they managed to do so, the sucker who received the bad coin would then hasten to get rid of it. Eventually, everyone is preferentially spending counterfeit money and hoarding their legitimate coins.

   In Trump's scam-friendly America, honest businesses operate at a disadvantage.

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   dobó istván (istvan@noauthority.social)'s status on Sunday, 28-Apr-2024 22:33:36 JST dobó istván

   in reply to

   @billiam @Hoss I have never advocated buying coins.

   In fact, in EVERY SINGLE CASE I have said buying coins is retarded. There is so much loaded onto that cost you need to recover, and the supplies are manipulated.

   I tell everyone, again and again, but casting shot for making jewelry.

   It's priced 4%-5% over spot, includes exact metal composition info, and can instantly be cashed for value because it is in the form of ultimate utility.

   Additionally, unlike coins, grain can be divided.