Sound money should reliably store value over time; and even if gold has done that, sound money should also be, well, money. gckaloudis writes in this week’s Crypto Long & Short newsletter.
). The movie is set in Los Angeles. I don’t think you’d be too hard-pressed to find a $5 milkshake in Los Angeles in 2022.The thesis that ether is ultra sound money comes from two places.
Because supply of ether is “capped” and the network might start burning enough ether such that its supply decreases, there is only one logical conclusion: If bitcoin is sound money, then post-Merge ether is ultra sound money.None of those things mean that either bitcoin or ether is sound money. Sound money should reliably store value over time. Sure, maybe over the last five years bitcoin and ether have been wonderful stores of value, both up ~340%. But over the last year? Down ~53%.
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