To think that a hard monetary asset, with a perfectly inelastic supply, could go from a $0 market with no infrastructure, liquidity, or demand, to a global monetary instrument with vast infrastructure, the highest market liquidity, demanded by billions, but that this could somehow occur *without* volatility in the price, is an absurd & deeply ignorant claim.  Thoroughly debunked by Parker Lewis in the continuation of his amazing "gradually, then suddenly" series at Unchained Capital. Bitcoin is Not Too Volatile: https://www.unchained-capital.com/blog/bitcoin-is-not-too-volatile/ You can support this show, ensuring all the best work in Bitcoin gets the audio version it deserves, AND get access to the Cryptoconomy Crew Telegram by becoming a patron below! https://www.patreon.com/thecryptoconomy --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Following the anniversary of Ross Ulbricht's arrest, and the fall of the Silk Road experiment, we read a short but extraordinary piece, hand written in a cell by Ross, on Bitcoin's promise of freedom.  What did those first adopters, when Bitcoin had no price and no market, what did they see in those digital bits? How did Bitcoin achieve its first value, and what did it mean for our world? Don't forget to go to FreeRoss.org and sign the petition to bring attention to his injustice. https://freeross.org And check out the amazing (and infuriating) series, Railroaded: The Targeting & Caging of Ross Ulbricht https://freeross.org/railroaded/ If you would like to support this show, become a patron & you will not only ensure I can keep making all of this content available, but you’ll also get to join the Cryptoconomy Crew in our Telegram group where we talk about all sorts of crazy stuff and get to share in this new world we get see grow. https://www.patreon.com/thecryptoconomy --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message