Cryptocurrency Q&A
Is Bitcoin sound money?
Is Bitcoin sound money?
ShintoMystic
Mon Nov 18 2024
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6 answers
817
I'm interested in understanding if Bitcoin qualifies as 'sound money'. I want to know if it meets the criteria for a stable and reliable medium of exchange, unit of account, and store of value.
6 answers
CryptoVanguard
Wed Nov 20 2024
One of the primary benefits is its stability and predictability.
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DongdaemunTrendsetterStyle
Wed Nov 20 2024
The concept originates from the notion of sound money.
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Andrea
Wed Nov 20 2024
Sound money is believed to offer substantial advantages compared to fiat currency systems.
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NavigatorEcho
Tue Nov 19 2024
Bitcoin emerges as the ultimate representation of sound money.
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Stefano
Tue Nov 19 2024
With a limited and fixed supply, Bitcoin ensures scarcity and value retention.
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