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Edition #33: Sounds like Money
Plus: Copy Congress Stock Trades, Home Prices, Kind of Millionaire, Motley Fool Review, and Squatty Potty.
Money Mantra of the Week: You are of sound mind and money.
In this week’s main article I dive into the concept of “Sound Money.” Then I cover these shorter stories: Copy Congress Stock Trades, Home Prices, Kind of Millionaire, Motley Fool Review, and Squatty Potty.
The Sound Money Debate: The Dollar vs Bitcoin vs Ethereum
Bitcoiners are salty with the Ethereum community for creating a new meme: that Ether is not only sound money, but ultra sound money.
But first, I had to learn what sound money event meant.
Some say that origins of “sound money” comes from the recognizable clang of metal when gold or silver coins drop on a hard surface.
Sound money in its most basic terms is money that retains it’s value over time. It also should exhibit other properties like being 1) divisible 2) durable 3) recognizable 4) portable and 5) scarce.