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by sdfhbdf 1376 days ago
If somebody is as ignorant as me as to what is this about, it’s about ETH cryptocurrency changing to Proof of Stake, take it from what seems to be the original source: https://ethereum.org/en/upgrades/merge/
1 comments

I have a vague idea of ETH merge, but not sure what this ultrasound money site is about. From Q&A:

> Ultra sound money is an Ethereum meme focusing on the likely decrease of the ETH supply.

> If capped-supply gold is sound, decreasing-supply ether is ultra sound.

I have no idea what this last sentence means.

It's a meme. It literally says that in your quote...

Capped supply assets are good because that combats inflation, so decreasing supply must be even better (=ultra), right? That's the meme.

Maybe there is more to it but isn’t that just a wordplay wherein sound means both what music creates and a word signifying something making sense? Or so you mean something related to the supply?
Yes, there is more to it. "Soundness" is a specific term in computer science regarding a program being unable to end up in a invalid state. Usually used in type systems to describe a type system that makes your program unable to be "wrong".

The idea of "soundness" is based on this seminal paper: https://courses.engr.illinois.edu/cs421/sp2013/project/milne...

"Sound" as in "stable" might be a bit that helps.
Bitcoiners often call BTC 'Sound Money' - ultrasound money is a play on that to highlight that Ethereum simply has better economics after the merge