Head de Educação na @libertainvestir Fascinado por moeda, finanças, investimentos e tecnologia. Money, finance, investments, and tech.
Aug 16, 2018 • 9 tweets • 2 min read
"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."
Jul 30, 2018 • 57 tweets • 11 min read
Spending #Bitcoin today is senseless. But if we manage to make it a good store of value, then it will naturally be used as a medium of exchange in the future.
Thread 👇
1/ Instead of focusing on the act of "spending", we need people want to "earn BTC", to "be paid in BTC". We need more hodlers.
The economic and technical consequences of stressing one viewpoint (to spend) over the other (to earn) are profound and irreconcilable.
