Why are coins called sound money?
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?
Is Bitcoin sound money?
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.
How does sound money work?
I'm curious about the functioning of sound money. How does it operate within the economic system? What are its key characteristics and how does it impact the overall financial landscape?