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
Support the Show:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Are smart contracts really the trustless panacea that we all dream they are? Or are there serious and often insurmountable challenges...
"Bitcoin needs to be exciting because it provides a utility that no other technology provides. The value transfer technology needs to be embedded in...
“Although there was never complete agreement on any one thing, this was an open forum where personal privacy and personal liberty were ultimately placed...