Cryptocurrency Q&A
Why are coins called sound money?
Why are coins called sound money?
ZenBalance
Mon Dec 16 2024
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7 answers
1595
I've always wondered why coins are referred to as 'sound money'. Is it because of the distinctive sound they make when they jingle in your pocket, or is there a deeper meaning behind this phrase?
7 answers
BlockchainBaronGuard
Wed Dec 18 2024
Coins have established a reliable method for valuing wealth, mirroring the function of contemporary paper currency.
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Andrea
Wed Dec 18 2024
Unlike paper money, they are devoid of the hazards linked to inflation and national debt.
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SumoHonorable
Tue Dec 17 2024
BTCC's services encompass spot trading, futures trading, and wallet management, catering to a diverse range of investor needs.
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GangnamGlamour
Tue Dec 17 2024
The concept of "sound money" is frequently misunderstood as stemming from the auditory impact of hard currency, also known as specie money, when it is struck.
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Federica
Tue Dec 17 2024
In reality, the term "sound money" refers to a form of money that maintains its purchasing power over time.
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