The definition of sound money is that it's backed by a tangible asset. Cryptocur... | Hacker News

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		robjan on Oct 17, 2020 \| parent \| context \| favorite \| on: On Cryptocurrencies (2018) The definition of sound money is that it's backed by a tangible asset. Cryptocurrencies do not meet this definition apart from stable coins which then don't meet your definition of "can't be manipulated".

everfree on Oct 17, 2020 [–]

Stable coins are not really tangible assets either, because they are backed (usually) by USD, which is in turn itself not backed by tangible assets.

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