The 5th installment of the always fascinating “Gradually, then Suddenly” series from Parker Lewis and Unchained Capital. What is the real problem that Bitcoin solves, and how does it compare to the alternatives? Are mass payments an impossible problem, and isn’t Bitcoin too slow to be global money?
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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.
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Things are changing fast, and we go through all sorts of great stuff in this show and I attempt to explain some of the technical elements with analogies using cookies.
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Today we start into the second in the “Gradually, Then Suddenly” series by Parker Lewis. Why altcoiners may claim their coin is for something other than money, but it must compete with Bitcoin as money regardless. Why money will only tend to one. Why copies of Bitcoin are just modern day alchemy. And why toxic maximalism is Bitcoin’s greatest strength. Don’t miss a great piece and fun discussion to follow!
Bitcoin Can’t Be Copied!🚫
The Bitcoin community needs more Jason Stapleton, so I’m doing my part. Super excited to have had the opportunity to join Jason Stapleton and Matt Erickson on a favorite show of mine, Wealth, Power & Influence!
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Today we have another great chat with Scott from The PayPod discussing the impact and philosophy of Bitcoin! Check out Soarpay.com, the sponsor for The PayPod and where the are hosted to find many other episodes of their show discussing new technology in the world of digital payments. And don’t forget to follow them on Twitter.
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“this system of prices is not an organized institution or structure that was created by any single person’s design. It was simply a natural consequence of trade between people even before money in a barter economy.” – Hayek
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“You’ve heard of Bitcoin. You do not like it… It relies on curious, antiquated ideas like sound money, peer-to-peer networking, the abolition of seignorage, and censorship-resistance. It is profoundly distasteful.” –Nic Carter
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Many different and often conflicting ideas of what Bitcoin is, and what it’s future should be, have emerged throughout the years. Here @nic_carter‘s and @hasufl‘s exploration of past, present, and future narratives that molded Bitcoin into what it is today.
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Alone, and feel the charm of existence in of souls like mine. I am so happy, my dear friend.
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