Sound money is money that is not prone to sudden debasement. The conversation surrounding sound money has reached a critical point, given the present uncertainties in the global financial landscape.
Flash memory, a type of non-volatile storage medium for data, is the most common way that the Bitcoin ledger is recorded in each Bitcoin node. Flash memory is “non-volatile,” which means that the data stored inside it will remain intact, even without a supply of electricity. you could even take a look and see the states of those gates inside flash memory chips with your own eyes.Let’s turn to private keys, which are alphanumeric codes that grant control over some amount of Bitcoin. Whether etched onto a metal plate or stored in a secure chip, your private key is as physically real as a chunk of gold.
The 1999 movie Fight Club famously ends with the destruction of all consumer debt. In the final scene, we watch the anti-heroes look out the windows of a skyscraper, gazing upon collapsing buildings. We are told that these buildings contained all records of consumer debt. With the buildings destroyed, the debt is wiped out, and “financial equilibrium” is restored.
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