Thread by @fernandoulrich

"Sound money" thread 👇

If I understand correctly, the meaning of the word sound as "secure, reliable, solid, free from flaw or defect" may have its origins in the expression "sound money".

1/ To prove a gold or silver coin authenticity, a commonly used test in the past was throwing it against a hard surface to verify the distinctive melodious ring it produced. "Sound money carried the 'ring of truth,' while debased coinage landed with a dull, disappointing thud."

2/ In the XIX cent,"Americans with no formal education in reading, writing and arithmetic relied on the sight, sound, and feel of the only money they knew. Learning the different musical ringing sounds of those coins could easily qualify even a prairie settler as an econ expert."

3/ "The ring of sound money for centuries has transcended borders and nationalities by singing its own melodic language. No matter what words were stamped into a precious metal coin, that ring of sound money certified its value, or exposed the deception."

4/ "But no government could remove the ringing echo of sound money from history, or from us. And government cannot camouflage its counterfeits with gold colored paint. You can experience sound money's evident ring of truth for yourself..."

5/ "...Toss any gold or silver coin on your kitchen table and you will hear the history of honest money ringing down through the centuries."

So the literal (and perhaps even more precise) translation for "sound money" in Portuguese is indeed "moeda sonante" (money that sounds).

6/ Because only sound money sounds like sound money. But there may be sound money that makes no sound at all. So #Bitcoin, in a sense, will never be true sound money and noicoiners may be right after all.

7/ {fin}
Quotes from talkmarkets.com/content/us-mar…

An actual ring test: