Hacker News Reader

I'm not anti-crypto, but I honestly don't know what you mean by "sound money". Could you elaborate?

Many, or even most people, believe that money must be controlled by the government for the economy to function. "Sound money" is money whose supply cannot be controlled by the government. Some further reading:

* https://fee.org/articles/what-do-we-mean-by-sound-money/

* https://mises.org/library/principle-sound-money

* https://www.aier.org/pertinent_category/sound-money-project/

Thanks, a good explanation. And I don't think money has an inherent need to be government controlled in order to be stable either. (Though I do see some benefits)

But I think it's relevant to split hairs a bit and say that "sound" often has the sense of "firm" or "solid/reliable", but that is not an inherent property of non-governmental currencies that can be controlled by groups that are no more beholden to users of the currency than governments. (Consider Facebook's attempt at creating a currency as an example)

Yes, you're right! That was my mistake.

Reply on news.ycombinator.com