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What is Sound Money and Hard Money?
Let’s start with Sound Money: “Sound money is chosen freely on the market for its salability, because it holds its value across time, because it can transfer value effectively across space, and because it can be divided and grouped into small and large scales. It is money whose supply cannot be manipulated by a coercive … Read more
Technology and Bitcoin vs Fiat
Technology increases productivity, which reduces the cost of goods to their marginal cost of production. (per Jeff Booth) Bitcoin: Supply cap of 2.1 quadrillion satoshi. And as of April 19, 2024, has a lower inflation rate (supply issuance) than gold – making Bitcoin harder money than gold. (Gold inflation rate ~2% per year; Bitcoin inflation … Read more
