Gresham’s Law applies only to legal tender laws like Newtons Law Applies only to Apples.

Here we can remember the classic ancient economics saying called “Gresham’s law” which was “the bad money drives out the good”. The saying of Gresham’s is mostly of interest here because it illustrates the “old” or “classical” concept of “bad money” and this can be contrasted with more recent attitudes which have been very much influenced by the Keynesians and by the result of their influence on government policies since the 30s.~John Nash, Ideal Money

In the previous article I showed the relevance of Gresham’s Law to bitcoin and specifically the (false) block-size debate that a certain faction are attempting to focus the community’s awareness on. I highlighted the absurdity of claiming that money could be simultaneously and rationally hoarded AND circulated. This is the fallacy of the big-blocker debate, and Gresham’s law reveals the nature of money that big-blockers do not understand.

Now we highlight the REAL relevance and meaning behind 20 years of John Nash’s lectures and writings on the subject of what is “Ideal Money?” and “How might it be brought about?”

Nash argues that with the introduction of a stably issued e-currency our global financial system would asymptotically trend towards order: Ideal Money.

He explicitly states that he is purposefully obfuscating his thesis in order to not appear to go too far against the agenda of central banks, central authorities, and namely the US government:

I had arranged for 2012 to talk more cautiously in relation to whatever would impact with “the Keynesians” and with the political interest relating also to the scholarly factions allied with (or forming) “the Keynesians”. …let us define “Keynesian” to be descriptive of a “school of thought” that originated at the time of the devaluations of the pound and the dollar in the early 30’s of the 20th century. Then, more specifically, a “Keynesian” would favor the existence of a “manipulative” state establishment of central bank and treasury which would continuously seek to achieve “economics welfare” objectives with comparatively little regard for the long term reputation of the national currency….~John Nash, Ideal Money

He didn’t want to be unjustly “condemned” (again) for espousing what will be known as pure reason in the face of our society’s mistaken beliefs on how the global economy SHOULD be designed to operate.

The question is not, and was never intended to be “Is John Nash Satoshi?” nor were those ever my true sentiments (no media has contacted me for my opinion, in this regard, on the material that only I seemed to have traversed).

The questions we need to be asking ourselves are “Why did Nash tour the world for 20 years talking about how to issue an e-currency in order to bring about Ideal Money?” “What is Ideal Money?” and “How might Ideal Money be brought about?”

There are no other important questions: